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Trader Dale - daily trading levels

  • #941
  • Nov 1, 2016 4:36am Nov 1, 2016 4:36am
Quoting Trader-Dale
{quote} Ok I entered aud/usd swing short right now at price 0.7666. SL 44 pips, PT 44 pips. Smaller position because Iam already in eur/usd swing short and because of the risks I mentioned.
Hi Dale,

I followed you to enter SWING short AUDUSD, too. How about the swing on EUDUSD ?

Always thanks

David
  • #942
  • Nov 1, 2016 4:37am Nov 1, 2016 4:37am
Quoting DavidHP
{quote} Hi Dale, I followed you to enter SWING short AUDUSD, too. How about the swing on EUDUSD ? Always thanks David
I already mentioned the eur/usd swing:
"Short 1.0961, SL 80 pips, PT 80 pips"

But I will definitelly quit the trade before tomorrow's FOMC
  • #943
  • Nov 1, 2016 4:42am Nov 1, 2016 4:42am
Quoting Trader-Dale
{quote} I already mentioned the eur/usd swing: "Short 1.0961, SL 80 pips, PT 80 pips" But I will definitelly quit the trade before tomorrow's FOMC
oh my god , I missed it. I read your post very carefully.

Thanks a lot
  • #944
  • Edited 11:38am Nov 1, 2016 4:48am | Edited 11:38am
Quoting Trader-Dale
{quote} Ok I entered aud/usd swing short right now at price 0.7666. SL 44 pips, PT 44 pips. Smaller position because Iam already in eur/usd swing short and because of the risks I mentioned.
Thanks for your insight s Dale..Much respect to you for freely giving out your vast expertise .As regards your audusd swing trade I'd personally wait for price to climb to .7680 to reduce risk ,
and and is in line with the 4hr supply level.
  • #945
  • Nov 1, 2016 5:38am Nov 1, 2016 5:38am
Quoting Trader-Dale
{quote} Ok I entered aud/usd swing short right now at price 0.7666. SL 44 pips, PT 44 pips. Smaller position because Iam already in eur/usd swing short and because of the risks I mentioned.
What is your sL and TP on Euro short Dale? Thank you
  • #946
  • Nov 1, 2016 5:42am Nov 1, 2016 5:42am
Quoting shimmering
{quote} What is your sL and TP on Euro short Dale? Thank you
Short 1.096, +/- 80 pips, shim
  • #947
  • Nov 1, 2016 5:58am Nov 1, 2016 5:58am
How long do we wait for today's buy/sell limit (pending orders) if it dont get triggered?
  • #948
  • Nov 1, 2016 6:51am Nov 1, 2016 6:51am
Quoting Zuiko
How long do we wait for today's buy/sell limit (pending orders) if it dont get triggered?
Dale has mentioned that his levels should be good into the Asian session (although he stops trading at NY close). However, be aware that during Asian session spreads will increase dramatically and it is also the time when BOJ and RBA data is released. He has also mention that he does not use pending orders.
A quick read through Dale's posts will give you all the info you need
Never argue with a fool; onlookers may not be able to tell the difference.
  • #949
  • Nov 1, 2016 7:11am Nov 1, 2016 7:11am
Quoting Trader-Dale
QUESTION FOR EVERYBODY: How did you guys trade friday's afternoon (after the news of Clinton's FBI investigation)? Did you take the eur/usd and usd/jpy trades? Iam curious. I was off and wasn't trading (lucky me). What I usually do when there is spike like that - 1. I see some crazy move, 2. I quicky look if there isn't any unexpected news. If there are high impact unexpected news (like friday's Clinton news) I dont trade my intraday levels and wait for the situation to calm down. 3. If there arent any news and the market runs crazy I still take...
First of all, i want to thank Dale for sharing his signal and his knowledge with all os us.

Actually i took the first one ( 104.96 to 105.06), it's amazing how even in a very sharp downfall the level had worked perfectly.
I did't have the gut to take also the second one, better not push too far!
  • #950
  • Nov 1, 2016 7:12am Nov 1, 2016 7:12am
Quoting DavidHP
{quote} Short 1.096, +/- 80 pips, shim
1.096? I went short at 1.1002
  • #951
  • Nov 1, 2016 7:17am Nov 1, 2016 7:17am
Quoting Trader-Dale
usd/jpy +10 pips profit
A short question Dale, have you tried to wait for a rejection of let's say 5 pips before entering and using a smaller stop loss and target? Or maybe another type of confirmation. It might help to eliminate the few losses and have 95% winners.
  • #952
  • Nov 1, 2016 7:21am Nov 1, 2016 7:21am
Hi Dale

I do not how i missed your EURUSD swing trade hint...

anyway......
I just now entered short EURUSD @1.1022
and now entered AUSUSD short @0.76785

thanks for your hints......!!!!
will have a rest for the day and will be planning close both trades before the FOMC as per guide!!

green pips to you dale!!!
imdi
  • #953
  • Nov 1, 2016 9:34am Nov 1, 2016 9:34am
Quoting Trader-Dale
Intraday levels for 1.11.2016. PT 10 pips, SL 12 pips. Happy trading {image} {image}
UJ long 104.62 trigerred..
  • #954
  • Edited 9:51am Nov 1, 2016 9:34am | Edited 9:51am
o-o.Euro keeps going up/
  • #955
  • Nov 1, 2016 9:48am Nov 1, 2016 9:48am
Quoting mindspeculat
{quote} A short question Dale, have you tried to wait for a rejection of let's say 5 pips before entering and using a smaller stop loss and target? Or maybe another type of confirmation. It might help to eliminate the few losses and have 95% winners.
I don't do price action confirmation (95 % of the time) and I dont trade with smaller SL. It doesnt suit me. For confirmation I use orderflow. But most of the levels here I jump right in
  • #956
  • Nov 1, 2016 9:50am Nov 1, 2016 9:50am
eur/usd swing ended in full SL -80 pips. It is rather weird because this level was extremely strong.
  • #957
  • Nov 1, 2016 10:02am Nov 1, 2016 10:02am
Looky there...Dale is human! And I mean that from a completely respectful position Dale. I was wondering if you never lost, which is good for us, but it shows that anyone can read the market wrong and even though Dale gives out great reads on the market, we still need to do our own homework. Keep up the good work!
BTW, Dale, how do you mentally handle an 80 PIP loss like that? It would set me back quite a bit for a day or two.
  • #958
  • Nov 1, 2016 10:06am Nov 1, 2016 10:06am
Quoting Trader-Dale
eur/usd swing ended in full SL -80 pips. It is rather weird because this level was extremely strong.
Reaction to the USD data I'm guessing. Stuff happens
Never argue with a fool; onlookers may not be able to tell the difference.
  • #959
  • Nov 1, 2016 10:12am Nov 1, 2016 10:12am
Quoting lctrader11
how do you mentally handle an 80 PIP loss like that? It would set me back quite a bit for a day or two.
In the UK via spread betting it's much easier than having to trade in lot multiples - If i'm going to risk 2% of my bank on an 80 pip stop or a 12 pip stop, I can just alter my pip value to ensure I have exactly 2% at risk no matter what the stop size. All losses hurt, but at least they all hurt the same
  • #960
  • Nov 1, 2016 10:33am Nov 1, 2016 10:33am
Quoting Zuiko
{quote} UJ long 104.62 trigerred..
UJ long closed by SL -12pip
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