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Trader Dale - daily trading levels

  • #961
  • Nov 1, 2016 10:35am Nov 1, 2016 10:35am
Quoting Trader-Dale
eur/usd swing ended in full SL -80 pips. It is rather weird because this level was extremely strong.
stop EUDUSD hit SL, even against the new, damn....

-10 pips UJ, too

It is not a good day mate

Always thanks for your tips daily. Really appreciated

David
  • #962
  • Nov 1, 2016 10:48am Nov 1, 2016 10:48am
Dear Dale, hi.
Permitt me to say that your SL was unlucky and you should not obey it. Risk another 20 pips . Reenter the market.
. E. will turn around BIG here [11:46 =1.10 48 ]
Kind regards,

F.G.
  • #963
  • Nov 1, 2016 11:36am Nov 1, 2016 11:36am
Quoting lctrader11
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.
It doesn't really matter how many pips it was. I set the risk for all my swing trades the same amount of $. It is around 3-4x the amount risked for intraday trade. Given that there were 5 swing winners without a loss before that Iam quite ok with taking the SL. Also I know that I didn't make a mistake and the trade was 100 % ok to take - so no regrets. I would take trade like this anytime.
  • #964
  • Nov 1, 2016 11:38am Nov 1, 2016 11:38am
Quoting F.g
Dear Dale, hi. Permitt me to say that your SL was unlucky and you should not obey it. Risk another 20 pips . Reenter the market. . E. will turn around BIG here [11:46 =1.10 48 ] Kind regards, F.G.
The world is not ending. There is always another trade. Not following a system is worse than 10 losses in a row.
  • #965
  • Nov 1, 2016 11:40am Nov 1, 2016 11:40am
Quoting DavidHP
{quote} stop EUDUSD hit SL, even against the new, damn.... -10 pips UJ, too It is not a good day mate Always thanks for your tips daily. Really appreciated David
You are right. Not a good day today but there were and will be worse ones I think this week will be quite tough given the many macro events.
  • #966
  • Nov 1, 2016 11:42am Nov 1, 2016 11:42am
All statements to the loss and how to manage the trade are true and what I was expecting from seasoned traders...thanks for the confirmation.
  • #967
  • Nov 1, 2016 11:51am Nov 1, 2016 11:51am
Quoting Trader-Dale
{quote} It doesn't really matter how many pips it was. I set the risk for all my swing trades the same amount of $. It is around 3-4x the amount risked for intraday trade. Given that there were 5 swing winners without a loss before that Iam quite ok with taking the SL. Also I know that I didn't make a mistake and the trade was 100 % ok to take - so no regrets. I would take trade like this anytime.

what was this trade based on?
  • #968
  • Nov 1, 2016 11:54am Nov 1, 2016 11:54am
30pips booked on AU ,hate too much exposure in the market. Luckily missed the Uj trade,didn't take the EU swing position too.
  • #969
  • Nov 1, 2016 11:55am Nov 1, 2016 11:55am
It pays to let the market tell you what its doing... that little voice that keeps telling you "it will turn soon"
has no input on the market - just draw a line in the sand and trade that - and if it keeps flowing get on board

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  • #970
  • Nov 1, 2016 11:56am Nov 1, 2016 11:56am
Quoting xologeis
It pays to let the market tell you what its doing... that little voice that keeps telling you "it will turn soon" has no input on the market - just draw a line in the sand and trade that - and if it keeps flowing get on board {image}
:/
  • #971
  • Nov 1, 2016 12:08pm Nov 1, 2016 12:08pm
Quoting shimmering
{quote} what was this trade based on?
search few pages back. there was a picture with explanation.
  • #972
  • Nov 1, 2016 12:11pm Nov 1, 2016 12:11pm
Quoting Trader-Dale
eur/usd swing ended in full SL -80 pips. It is rather weird because this level was extremely strong.
I am still in this position and now it is running with -60 pips draw-down. The price reached 15 pips from the stop loss. I guess your broker is giving different quotes from mine. I will hold it and after FOMC to see what will happen. Great results on your trades, well done.
Looking for profitable short term trades ...|
  • #973
  • Nov 1, 2016 12:22pm Nov 1, 2016 12:22pm
Quoting Trader-Dale
{quote} search few pages back. there was a picture with explanation.

I looked at all your posts up to and including page 43, and did not see it.
  • #974
  • Nov 1, 2016 12:30pm Nov 1, 2016 12:30pm
Quoting shimmering
{quote} I looked at all your posts up to and including page 43, and did not see it.
page 40
  • #975
  • Nov 1, 2016 8:40pm Nov 1, 2016 8:40pm
Hi Dale,

+40 pips AU

thanks again Dale

David
  • #976
  • Edited Nov 2, 2016 12:18am Nov 1, 2016 8:51pm | Edited Nov 2, 2016 12:18am
Quoting DavidHP
Hi Dale, +40 pips AU thanks again Dale David
Still holding AU short.

edit: AU TP 60pip.. Nice
  • #977
  • Nov 1, 2016 8:56pm Nov 1, 2016 8:56pm
Quoting imdisaait
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

Hi Dale!

EU did not come to see you as expected but no worries.....

AUDUSD is at the best and came to see you....
I did not take UJ trade due to focus much on AU shorting....

final overall result is positive and great.....!!
EU is so uneasy due to election and some news and so on...
AU is SAFE player currently mostly in the range of 0.7450 -0.7750

grt work..
let see what we will have to day to have safer action
Green pips to all
imdi
  • #978
  • Nov 2, 2016 3:25am Nov 2, 2016 3:25am
Intraday levels for 2.11.2016.
PT 10 pips, SL 12 pips.
Happy trading
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  • #979
  • Nov 2, 2016 3:47am Nov 2, 2016 3:47am
Quoting Trader-Dale
Intraday levels for 2.11.2016. PT 10 pips, SL 12 pips. Happy trading {image} {image}
This all should be closed before FOMC right?
green pips all..
  • #980
  • Nov 2, 2016 3:52am Nov 2, 2016 3:52am
Quoting Zuiko
{quote} This all should be closed before FOMC right? green pips all..
Thats right buddy. And no trading after FOMC.
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