Trader Dale - daily trading levels | Page 30 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Pinbar trader EA - Trading pinbars off weekly S&R levels 435 replies

Are you a trend trader or a counter-trend trader? 29 replies

RS levels and physic levels are in indicator (created) 3 replies

IkonFX Viking Trader or Pfgbest Viking Trader? 2 replies

Attachments: Trader Dale - daily trading levels
Exit Attachments

Trader Dale - daily trading levels

  • #581
  • Oct 18, 2016 9:21pm Oct 18, 2016 9:21pm
Quoting Trader-Dale
NEW intraday level: eur/usd short 1.1000. High institutional orders were filled there during macro news. Combined with strong selling reaction activity that makes a good place for short. {image}
Another Grt call!
thx Dale
  • #582
  • Oct 18, 2016 9:24pm Oct 18, 2016 9:24pm
Quoting Trader-Dale
usd/cad level: if you don't have a profit there (my quotation shows +9,9 pips move from the level), you should have secured the position by moving SL to 1. high of the reaction (1.3130) or 2. at break even (1.3127). No way a trade is a loss when the market already moved 9.9 pips in your direction. Another good reason to sit, watch and use market orders instead of limit orders
You r right Dale!

Though it turn back before reached 10pips in my chart in gave us 9.8pips and then reverse.

For me thats gret!
if I am trading for 10pips I should near the computer and take what it give and/or monitor if I need more than that.
grt work!
'thx Dale
  • #583
  • Oct 19, 2016 2:13am Oct 19, 2016 2:13am
Intraday levels for 19.10.2016.
PT 10 pips, SL 12 pips.
Happy trading

Attached Image


Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 199 KB
  • #584
  • Oct 19, 2016 2:18am Oct 19, 2016 2:18am
Quoting Trader-Dale
Intraday levels for 19.10.2016. PT 10 pips, SL 12 pips. Happy trading {image} {image}
Thanks Dale. Great trading day to all.
  • #585
  • Oct 19, 2016 2:24am Oct 19, 2016 2:24am
Very nice reaction on the eur/usd level for those trading asia session
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 108 KB
  • #586
  • Oct 19, 2016 2:59am Oct 19, 2016 2:59am
Very silly question. How do people treat their spreads when considering these trade setups?
  • #587
  • Oct 19, 2016 3:08am Oct 19, 2016 3:08am
Quoting Trader-Dale
Intraday levels for 19.10.2016. PT 10 pips, SL 12 pips. Happy trading {image} {image}
had double position on EURUSD short at 1.0990, closed half at BE (after +8.5 in favour), 2nd running
  • #588
  • Oct 19, 2016 3:10am Oct 19, 2016 3:10am
Quoting dstinkt
Very silly question. How do people treat their spreads when considering these trade setups?
ECN account
There is only one way to learn. It’s through action.
  • #589
  • Oct 19, 2016 3:11am Oct 19, 2016 3:11am
Quoting dstinkt
Very silly question. How do people treat their spreads when considering these trade setups?
personally I have a stop of 12 pips inclusive of spread, so an 11 pip movement would have me stopped out. I do the same for PT but if it gets up around 9 pips I move my stop to BE or +1
  • #590
  • Oct 19, 2016 3:13am Oct 19, 2016 3:13am
Quoting ziggy
{quote} personally I have a stop of 12 pips inclusive of spread, so an 11 pip movement would have me stopped out. I do the same for PT but if it gets up around 9 pips I move my stop to BE or +1
Ahh. That clears things up. Thanks for the explanation.
  • #591
  • Oct 19, 2016 4:56am Oct 19, 2016 4:56am
Quoting Trader-Dale
Intraday levels for 19.10.2016. PT 10 pips, SL 12 pips. Happy trading {image} {image}
As the lower EU lo level invalidate sine price went up through and beyond SL?
  • #592
  • Oct 19, 2016 4:57am Oct 19, 2016 4:57am
Quoting Trader-Dale
Very nice reaction on the eur/usd level for those trading asia session {image}
So we can leave orders for during Asian session?
  • #593
  • Oct 19, 2016 5:29am Oct 19, 2016 5:29am
Quoting shimmering
{quote} So we can leave orders for during Asian session?
Dale has said several times that he does not use limit orders, or trade the Asian session.......... but that does not invalidate the levels he has found, if you were to use limit orders on a "set & forget" basis I would think that leaving them overnight is workable - but a point Dale has also made is that he doesn't trade these levels around macro news releases, so you would also be wise to do likewise and that means making sure your alarm clock wakes you prior to any scheduled significant Asian news.

I think most people would love the limit order set & forget basis of trading, IF it gave them good results. My take is that Dale is a professional trader, and I'd suggest a savvy & profitable one, it might be a better approach to trade the levels he gives in the same way he does.
  • #594
  • Oct 19, 2016 6:59am Oct 19, 2016 6:59am
AU profit thanks Dale, stopped on the EU - I did consider holding the position around the BRN but didn't do so. CAD has used up it's energy without having quite touched the level, shame but that's trading.

Cheers ziggy
  • #595
  • Oct 19, 2016 7:04am Oct 19, 2016 7:04am
Nice levels !!!! When you get stopped out of a trade for the 12 pip loss, how many times will you re-enter the trade?
  • #596
  • Oct 19, 2016 7:06am Oct 19, 2016 7:06am
Quoting ziggy
AU profit thanks Dale, stopped on the EU - I did consider holding the position around the BRN but didn't do so. CAD has used up it's energy without having quite touched the level, shame but that's trading. Cheers ziggy
You are right. AUD profit, EU should be break even or full stop loss. CAD unfortunatelly turned a bit sooner so no trade there.
  • #597
  • Oct 19, 2016 7:06am Oct 19, 2016 7:06am
Quoting sheppy
Nice levels !!!! When you get stopped out of a trade for the 12 pip loss, how many times will you re-enter the trade?
pl go through thread. he suggested once only.
There is only one way to learn. It’s through action.
  • #598
  • Oct 19, 2016 7:07am Oct 19, 2016 7:07am
Quoting sheppy
Nice levels !!!! When you get stopped out of a trade for the 12 pip loss, how many times will you re-enter the trade?
Thank you I don't do re-enter. Once there is a SL I don't trade the level anymore. The same goes for profit.
  • #599
  • Oct 19, 2016 7:09am Oct 19, 2016 7:09am
Thanks Dale
  • #600
  • Oct 19, 2016 7:27am Oct 19, 2016 7:27am
Quoting Trader-Dale
Intraday levels for 19.10.2016. PT 10 pips, SL 12 pips. Happy trading {image} {image}
Took profit on the short on AU. The EU didn't work out but that's trading. Good work Dale.
10 traders viewing now