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Trader Dale - daily trading levels

  • #861
  • Edited 5:11pm Oct 27, 2016 4:44pm | Edited 5:11pm
Quoting Trader-Dale
This is how I traded the levels: 1.eur/usd - missed profit, secured the position around BE 2. usd/jpy - turned 2 pips sooner - didnt take it 3. aud/usd -turned 0,8 pips sooner - didnt take it It sometimes happens that the waiting participands are so eager and agressive to trade their level, that it just turns a bit sooner. I wouldnt recommend trying to take the levels sooner then the prediction though. Still a good day today for those shorting my aud/usd level I myself added to my position yesterday when the market went against me and...

Agreed Dale!

was not near computer and i used my 4 hour resistance in UJ to enter @105.88 for short it gave only 8 pips
but its I used Dale hint with my way.
So its good place to play safe but may be or not exact 10pips but we ned to be @computer.

anyway stay alert for some good pips.
I still more prefers to see SWING TRADEs HINTS OF DALE coz its a LARGE SWIM POOL for us to have PLA Y WELL & have different JUMPs than +10pips events!

By the way, below is the information about Dale's lovely AUDUSD SWING Trade mentioned in
http://www.forexfactory.com/showthread.php?p=9216405#post9216405

BIG THANKS to DALE n waiting for DALE....!!!!
imdi
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  • #862
  • Oct 27, 2016 5:23pm Oct 27, 2016 5:23pm
Quoting patguay
{quote} I would like to take this opportunity to thank Dale for sharing his knowledge on market profile and his unique trading strategy (I am more accustomed to the conventional moving average, Elliot wave, MACD, ...etc. ) I have been trading NZDUSD and AUDUSD for the past few weeks and so I am quite familiar with the price movement for this 2 currency pairs. When I read that Dale has recommended that it is a good opportunity to short AUDUSD, I somehow can understand where he is coming from, although I am using a different trading approach and perspective...
  • #863
  • Oct 27, 2016 9:58pm Oct 27, 2016 9:58pm
Hi Dale,

Big thanks again for your tips. I got +70 pips AUDUSD. It is amazing

Thanks again

David
  • #864
  • Oct 28, 2016 1:13am Oct 28, 2016 1:13am
Quoting shimmering
{quote} So Ziggy, Does that mean that your win ratio of 62.5% is based on a 15 pip TP? Do you know what the win ratio is if TP is taken at 10 pips, and SL is 12 pips? I just changed the TP to 10 and it came up that the win ratio is then 80%, with SL still at 20 pips. This is a really good spreadsheet! well done! Just one more question - isn't the spread already taken into account when you place a 10 pip profit? Because in order for the 10 pips to be made say on a sell trade, the price you are closing at is the current buy price, and that is the...
Good morning Shimmering.

You can change both the TP & the stop loss on the spreadsheet to see what the result would have been based on this very small sample of trades. Over time I will build this spreadsheet up over a greater sample size, it simply isn't possible to conclude anything over such a small sample other than these levels provided by Dale are really high probability locations to trade at. Dale is an experienced pro and will have set the stop & take profit to suit his own style. I'm not an experienced pro, but I know my own style requires minimum risk and I need to be right frequently, so for me no matter how profitable something is if the strike rate is low I cannot use it, I need high strike rate methods for my mental health!! It took me a long time to recognise this, but once I did my trading suddenly improved by a long way.

On to your question about the 10 BE, everyone has their own broker and own spread to deal with, the 10 BE is without spread my broker for instance has a 0.7 spread on EU but a 2.0 spread on UsdCad, so on the spreadie I would need a further 0.8 on EU to be certain of a PT and 2.1 on UCad, but once the chart itself has made 10 pips the trade is moved to win or BE.

I won't be around today to answer any questions, hope this anwers yours. Cheers Ziggy
  • #865
  • Oct 28, 2016 1:37am Oct 28, 2016 1:37am
Hello DALE and every body here,
I have 2 questions that is very important to me, I appreciate if any body can answer me .
1 -- If I am waiting for a %10 retracement in a move from A to B , at last how much a move can go straight without %10 retracement?? ( except news time)
2 -- If you are investing us$ 10,000 how much return daily or weekly will be reasonable for that investment ??
Any answers will be helpful , appreciate EVERY BODY, THANKS.
  • #866
  • Oct 28, 2016 1:56am Oct 28, 2016 1:56am
Intraday levels for 28.10.2016.
PT 10 pips, SL 12 pips.
Happy trading
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  • #867
  • Oct 28, 2016 1:58am Oct 28, 2016 1:58am
Quoting rabitt1965
Hello DALE and every body here, I have 2 questions that is very important to me, I appreciate if any body can answer me . 1 -- If I am waiting for a %10 retracement in a move from A to B , at last how much a move can go straight without %10 retracement?? ( except news time) 2 -- If you are investing us$ 10,000 how much return daily or weekly will be reasonable for that investment ?? Any answers will be helpful , appreciate EVERY BODY, THANKS.
If you read through the thread you will see that Dale posts his monthly figures and Ziggy has produced a document. Your second question is down to you and your money management plan.
One thing that should be noted is that a basic understanding of price action is needed to prevent taking the odd bad trade. Again, Dale has taken time to explain this.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #868
  • Oct 28, 2016 1:58am Oct 28, 2016 1:58am
Quoting rabitt1965
Hello DALE and every body here, I have 2 questions that is very important to me, I appreciate if any body can answer me . 1 -- If I am waiting for a %10 retracement in a move from A to B , at last how much a move can go straight without %10 retracement?? ( except news time) 2 -- If you are investing us$ 10,000 how much return daily or weekly will be reasonable for that investment ?? Any answers will be helpful , appreciate EVERY BODY, THANKS.
Cant stand not no answer

ad 1 : 10% on fx - its about GBPJPY and weekly charts [check building equity multipede thread]
ad 2 per trade risk 6%,tp 5% , 3 trades a week 1 loss ,2 wins ,like 4% a week in plus, 2of 3 weeks are in plus that is 16% in 3 months,like 5+% a month avg

multiply those results by 0.5,1,2,3 .. depending on your risk tolerance and determination level
  • #869
  • Oct 28, 2016 2:26am Oct 28, 2016 2:26am
Thanks friend s , I just added that I am just talking about EURUSD pair because pair movement are different , sure. THANKS..
  • #870
  • Oct 28, 2016 3:02am Oct 28, 2016 3:02am
Quoting Trader-Dale
{quote} you are welcome what do you mean? buy the level?
If, the price fail 2 times a level like, the USDJPY example you showed us (1,2,or 3 pips before) would you buy the break up of this level and in what conditions?
Looking for profitable short term trades ...|
  • #871
  • Oct 28, 2016 3:16am Oct 28, 2016 3:16am
Quoting Js3mwtRc
{quote} If, the price fail 2 times a level like, the USDJPY example you showed us (1,2,or 3 pips before) would you buy the break up of this level and in what conditions?
This is a good point. I would consider buying the level or some level quite near if the market had over 4+ hours rotation above the level. I would also need some heavy volumes around the price where my original level was breached.
  • #872
  • Oct 28, 2016 3:19am Oct 28, 2016 3:19am
Quoting rabitt1965
Hello DALE and every body here, I have 2 questions that is very important to me, I appreciate if any body can answer me . 1 -- If I am waiting for a %10 retracement in a move from A to B , at last how much a move can go straight without %10 retracement?? ( except news time) 2 -- If you are investing us$ 10,000 how much return daily or weekly will be reasonable for that investment ?? Any answers will be helpful , appreciate EVERY BODY, THANKS.
Based on your question I think you are up to some position sizing. right? Be carefull these things usually delete trading accounts.
  • #873
  • Oct 28, 2016 3:30am Oct 28, 2016 3:30am
I created an account where I trade most of the trades I publish here. It is not my main trading account but still it can work as some inspiration/motivation for you guys. Have a look: http://www.myfxbook.com/members/TraderDale99/trader-dale/1825680
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  • #874
  • Oct 28, 2016 4:42am Oct 28, 2016 4:42am
Quoting Trader-Dale
I created an account where I trade most of the trades I publish here. It is not my main trading account but still it can work as some inspiration/motivation for you guys. Have a look: http://www.myfxbook.com/members/TraderDale99/trader-dale/1825680 {image}

Hi Dale

Thx form information and the link.

by the way, if there is currently open trade in this account, does it display here or can we see or not it?
Anyway , good records!
imdi
  • #875
  • Oct 28, 2016 4:56am Oct 28, 2016 4:56am
Quoting imdisaait
{quote} Hi Dale Thx form information and the link. by the way, if there is currently open trade in this account, does it display here or can we see or not it? Anyway , good records! imdi
Iam not sure, but it is quite delayed so it would be of no use
  • #876
  • Oct 28, 2016 5:10am Oct 28, 2016 5:10am
Quoting Trader-Dale
{quote} Iam not sure, but it is quite delayed so it would be of no use

Thx Dale!
waiting for EU to come and see you.....
seems EU need more to come n see you @1.0930 or closer
  • #877
  • Oct 28, 2016 5:15am Oct 28, 2016 5:15am
Quoting Trader-Dale
I created an account where I trade most of the trades I publish here. It is not my main trading account but still it can work as some inspiration/motivation for you guys. Have a look: http://www.myfxbook.com/members/TraderDale99/trader-dale/1825680 {image}
Excellent results. Are longer trades (swing levels) counted in this graph, or only the smaller term?
Looking for profitable short term trades ...|
  • #878
  • Oct 28, 2016 5:19am Oct 28, 2016 5:19am
Quoting Js3mwtRc
{quote} Excellent results. Are longer trades (swing levels) counted in this graph, or only the smaller term?
some of the swing trades
  • #879
  • Oct 28, 2016 5:32am Oct 28, 2016 5:32am
Here is the aud/usd swing short. +70 pips profit I hope you all guys took it!!!
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  • #880
  • Oct 28, 2016 5:46am Oct 28, 2016 5:46am
Quoting Trader-Dale
Here is the aud/usd swing short. +70 pips profit I hope you all guys took it!!! {image}
Thx dale I made multiple entry @ different places and got MORE and MORE pips.....

more fun n cash there!!!

imdi
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