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Trader Dale - daily trading levels

  • #1,021
  • Nov 3, 2016 2:26am Nov 3, 2016 2:26am
Hello DALE , and every body here.
I have some question If any body can help appreciate,.(DALE and Ziggy)
what is the reason TP is 10 pips all the time?
All the level given by DALE (for intraday trade) is return point not continue in line with trend, AM I RIGHT or wrong ??
Is it possible when market reach to the level , just past with no reaction? if yes how much percent is possible this happen? ( this is very important to me).
I am trying, maybe can find some idea for less losing trade. appreciate your answers>>.
  • #1,022
  • Nov 3, 2016 2:58am Nov 3, 2016 2:58am
Quoting rabitt1965
Hello DALE , and every body here. I have some question If any body can help appreciate,.(DALE and Ziggy) what is the reason TP is 10 pips all the time? All the level given by DALE (for intraday trade) is return point not continue in line with trend, AM I RIGHT or wrong ?? Is it possible when market reach to the level , just past with no reaction? if yes how much percent is possible this happen? ( this is very important to me). I am trying, maybe can find some idea for less losing trade. appreciate your answers>>.
It's all to do with personal preference, Dale uses 10 because it suits his style, and of course he will have some history behind him. Some people like to win small amounts often, others are happy to win large amounts less often - I personally like little & often. You can try different ways, for example you may choose to move your stop to break even when you get "x" amount in front and go for a larger total, it will all be to do with finding your own personal style. If you used a bigger stop, you'd be stopped out less often but it would obviously cost more pips when you are ( it shouldn't cost any more money tho!). I have posted up a spreadsheet earlier in the thread where I am keeping records for every trade, having this data (when there is enough of it) will help you determine where you want to place stops at profit takes etc. I hesitate to say this because it raises all sorts of questions, so let me say this is not what I do, nor do I have any recommendation to make - but as an example, if you had taken the trades I have, and avoided the ones I have, and used a 15 pip stop, moved your stop to BE at +10, and used a PT of 50, you would have a total of 305 pips.

I really cannot recommend highly enough that you keep accurate records, including notes of when & why you avoid certain trades - you will then over time be able to customise your trading to suit your own personal needs. For example I did not take any trades yesterday for the reason that I thought the price action prior to the levels actually being reached had taken the energy out of the level. If I had been tempted by any of them it would have been the 2nd short on AU, switch your chart to a 4 hour timeframe and you can see why that 2nd level looks stronger than the first.

I'm sorry to say there is no magic answer, wish it were that easy cheers Ziggy
  • #1,023
  • Nov 3, 2016 3:07am Nov 3, 2016 3:07am
Intraday levels for 3.11.2016
PT 10 pips, SL 12 pips.
Happy trading
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  • #1,024
  • Nov 3, 2016 3:17am Nov 3, 2016 3:17am
Quoting Trader-Dale
Intraday levels for 3.11.2016 PT 10 pips, SL 12 pips. Happy trading {image} {image}

Thx Dale....!!!

since its close to election and different media gives news and survey reusltss....
sudden and very unusual movement during the next few days is mostly possible so be very careful...
good luck to all and good day
and thx Dale!

i had very nice returns from AUDUSD during the day......

NUDUSD and AUDUSD is seem at the TOP, they may do some correction to downward on today or tomorrow, but they may go bit higher before that, hopefully AUDUSD will break up side through the long term upper trend line for while .....good to have good look before jumps........?????
I have good faith that today AUDUSD may go above 0.7700 but how long....???? to 0.7721 or 0.7730 or 0.7742 or above 0.7750
lets c
thx
imdi
  • #1,025
  • Nov 3, 2016 3:28am Nov 3, 2016 3:28am
Quoting Trader-Dale
Intraday levels for 3.11.2016 PT 10 pips, SL 12 pips. Happy trading {image} {image}
No swing trade Dale?
  • #1,026
  • Nov 3, 2016 3:33am Nov 3, 2016 3:33am
Quoting ziggy
{quote} It's all to do with personal preference, Dale uses 10 because it suits his style, and of course he will have some history behind him. Some people like to win small amounts often, others are happy to win large amounts less often - I personally like little & often. You can try different ways, for example you may choose to move your stop to break even when you get "x" amount in front and go for a larger total, it will all be to do with finding your own personal style. If you used a bigger stop, you'd be stopped out less often but it would obviously...
thanks mate. Agree 100 %. Just let me add that the market usually makes the 10 pips move even if there is a strong counter move. 10 pips are safe and I feel comfortable with risk reward ratio around 1:1
  • #1,027
  • Edited 4:04am Nov 3, 2016 3:34am | Edited 4:04am
Quoting Trader-Dale
Intraday levels for 3.11.2016 PT 10 pips, SL 12 pips. Happy trading {image} {image}

Hi Dale

seems EURUSD had one turn back upside @1.1100, just a 4 pips above the said level 1.1096 for 10pips ..

and given +8pips returned

it will be the second try if we try oit again...
imdi

EDITED
minor NEWS also came...its NEGATIVE NEWS result!
lets c
  • #1,028
  • Nov 3, 2016 4:18am Nov 3, 2016 4:18am
Quoting Zuiko
{quote} No swing trade Dale?
I will go through all markets today and have a look but I am not sure there will be swing trades. I am bit carefull before the US presidental elections.
  • #1,029
  • Nov 3, 2016 4:19am Nov 3, 2016 4:19am
Quoting imdisaait
{quote} Hi Dale seems EURUSD had one turn back upside @1.1100, just a 4 pips above the said level 1.1096 for 10pips .. and given +8pips returned it will be the second try if we try oit again... imdi EDITED minor NEWS also came...its NEGATIVE NEWS result! lets c
I am in this trade. I didnt consider it tested. But if you want to be more carefull It is ok to let it go.
  • #1,030
  • Nov 3, 2016 4:23am Nov 3, 2016 4:23am
Quoting imdisaait
{quote} Thx Dale....!!! since its close to election and different media gives news and survey reusltss.... sudden and very unusual movement during the next few days is mostly possible so be very careful... good luck to all and good day and thx Dale! i had very nice returns from AUDUSD during the day...... NUDUSD and AUDUSD is seem at the TOP, they may do some correction to downward on today or tomorrow, but they may go bit higher before that, hopefully AUDUSD will break up side through the long term upper trend line for while .....good...
Thats right. It is possible there will be quick spikes, sudden news and unexpected market behavior in the few days. Be carefull guys.
  • #1,031
  • Nov 3, 2016 4:37am Nov 3, 2016 4:37am
Quoting Trader-Dale
{quote} I will go through all markets today and have a look but I am not sure there will be swing trades. I am bit carefull before the US presidental elections.
Understood..
i still had Ucad short open since last friday tho..
EU first position triggered.. Good luck
  • #1,032
  • Nov 3, 2016 5:08am Nov 3, 2016 5:08am
court ruling that UK cannot invoke article 50 without parliament approval send cable & EU a bit manic
  • #1,033
  • Nov 3, 2016 6:02am Nov 3, 2016 6:02am
Volume, SD studies is pointing to a temporary bottom especially in Uj.time to take profit off short positions.
  • #1,034
  • Nov 3, 2016 6:04am Nov 3, 2016 6:04am
Here is the eur/usd trade. Especially for the newcomers here is how you manage your risk:


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  • #1,035
  • Nov 3, 2016 6:20am Nov 3, 2016 6:20am
Hi Dale ,your level on Uj looks used up now....
  • #1,036
  • Nov 3, 2016 6:25am Nov 3, 2016 6:25am
eur/usd 2nd level turned sooner, usd/jpy also turned sooner.
I suggest not to be too agressive with your trades now because of the elections and this super macro events week. I plan to be more agressive and higher my positions AFTER the election once the markets arent so nervous like now.
  • #1,037
  • Nov 3, 2016 6:28am Nov 3, 2016 6:28am
Quoting Trader-Dale
eur/usd 2nd level turned sooner, usd/jpy also turned sooner. I suggest not to be too agressive with your trades now because of the elections and this super macro events week. I plan to be more agressive and higher my positions AFTER the election once the markets arent so nervous like now.
thx for all these.................
well done dale
imdi
  • #1,038
  • Edited 8:44am Nov 3, 2016 7:22am | Edited 8:44am
EU -12, +10
all by pending order..

edit:
UJ +10
  • #1,039
  • Nov 3, 2016 9:43am Nov 3, 2016 9:43am
HELOO DALE.
Today I asked some questions, but no body answer to the most important question . now I repeat again that because it is the most important one to me , and I need your experience on this one , THANKS FOR YOUR HELP ALWAYS<
(( Is it possible when market reach to the level , just past with no reaction? if yes how much percent is possible this happen? ( this is very important to me). ))
  • #1,040
  • Nov 3, 2016 9:59am Nov 3, 2016 9:59am
Quoting rabitt1965
HELOO DALE. Today I asked some questions, but no body answer to the most important question . now I repeat again that because it is the most important one to me , and I need your experience on this one , THANKS FOR YOUR HELP ALWAYS< (( Is it possible when market reach to the level , just past with no reaction? if yes how much percent is possible this happen? ( this is very important to me). ))
I posted both all September and October trades in a table with equity. Just search the thread and you will find it. From this you can make your statistics.
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