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Trader Dale - daily trading levels

  • #1,161
  • Nov 18, 2016 5:33am Nov 18, 2016 5:33am
Heads up - USD/CAD nearing level
  • #1,162
  • Nov 18, 2016 6:32am Nov 18, 2016 6:32am
yes eur/usd was good
  • #1,163
  • Nov 18, 2016 6:39am Nov 18, 2016 6:39am
USD/CAD closed. Thanks again Dale
  • #1,164
  • Nov 18, 2016 6:44am Nov 18, 2016 6:44am
Always thanks Dale

I got 10 pips for each pairs usdcad and eurusd

David
  • #1,165
  • Nov 18, 2016 7:49am Nov 18, 2016 7:49am
eur/usd + 10 pips profit
Attached Image (click to enlarge)
Click to Enlarge Name: 18.11. eur profit.png Size: 44 KB

usd/jpy + 10 pips profit
Attached Image (click to enlarge)
Click to Enlarge Name: 18.11. usdjpy profit.png Size: 43 KB

usd/cad + 10 pips profit
Attached Image (click to enlarge)
Click to Enlarge Name: 18.11. cad profit.png Size: 38 KB


Good day today. Iam glad you guys took the trades!!
  • #1,166
  • Nov 18, 2016 8:41pm Nov 18, 2016 8:41pm
Quoting Trader-Dale
eur/usd + 10 pips profit {image} usd/jpy + 10 pips profit {image} usd/cad + 10 pips profit {image} Good day today. Iam glad you guys took the trades!!
  • #1,167
  • Nov 21, 2016 2:23am Nov 21, 2016 2:23am
Intraday levels for 21.11.2016
PT 10 pips, SL 12 pips.
Happy trading
Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: 21.11. print.png Size: 182 KB
  • #1,168
  • Nov 21, 2016 2:51am Nov 21, 2016 2:51am
Quite some time ago I read a book by Kathy Lien called Day Trading and Swing Trading the Currency Market. I remembered one strategy that she wrote there. It was based on statistics, that there are rarely more than XX bullish/bearish days in a row. I think the number was around 10. So basically If you have for example 10 bearish days in a row you go long the 11th day. If it fails you go again the 12th day (long). I dont trade this strategy but I remembered it because this scenario happens now in some of the fx pairs.
I consider it a confirmation of my eur/usd swing long trade that I took from 1.0635 with SL 1.05. and of a quick nzd/usd trade that I took from 0.6985 and already took profit of 40 pips.
Do you guys like this simple strategy? Have you heard of it?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd Lien.png Size: 31 KB
  • #1,169
  • Nov 21, 2016 3:11am Nov 21, 2016 3:11am
Hi Dale

I am in USDCAD, now it is running

Thanks always

David
  • #1,170
  • Nov 21, 2016 4:18am Nov 21, 2016 4:18am
Quoting Trader-Dale
Quite some time ago I read a book by Kathy Lien called Day Trading and Swing Trading the Currency Market. I remembered one strategy that she wrote there. It was based on statistics, that there are rarely more than XX bullish/bearish days in a row. I think the number was around 10. So basically If you have for example 10 bearish days in a row you go long the 11th day. If it fails you go again the 12th day (long). I dont trade this strategy but I remembered it because this scenario happens now in some of the fx pairs. I consider it a confirmation...

Hi Dale,

I have also looked at this before. I think the important part is and to quote yourself
"I consider it a confirmation"
You clearly have you trading level predetermined and this is another reason to validate an entry.

I don't use this myself but if the market is moving hard in any direction you can be sure it has a target and or an area for the big guys to take profit.

I'll look at these moves and consider it valid if the market is in an area that has proven itself to contain orders.
At this point I will consider the approach and watch the PA in the LTF at the predetermined level for another reason to enter.
This is just my attempt to add confluence for an entry.

I'm still working on it.
  • #1,171
  • Edited 4:56am Nov 21, 2016 4:29am | Edited 4:56am
Quoting Trader-Dale
Quite some time ago I read a book by Kathy Lien called Day Trading and Swing Trading the Currency Market. I remembered one strategy that she wrote there. It was based on statistics, that there are rarely more than XX bullish/bearish days in a row. I think the number was around 10. So basically If you have for example 10 bearish days in a row you go long the 11th day. If it fails you go again the 12th day (long). I dont trade this strategy but I remembered it because this scenario happens now in some of the fx pairs. I consider it a confirmation...

Nice trade, I have seen random posts on forums about a concept (not sure, if it was influenced from the original developer/s), but never studied the strategy. Also bearish and bullish candle rows is an easy and simple set up to think for a reverse and I always liked the idea. Although I didn't counted how many days the EUR was falling in a row, I didn't even noticed! Good job - I can't find out how many other traders who bought EURUSD today think like that, I just show it ranging with some up momentum in 4 hours chart and made 20 pips.
Looking for profitable short term trades ...|
  • #1,172
  • Nov 21, 2016 8:20am Nov 21, 2016 8:20am
Quoting Trader-Dale
Quite some time ago I read a book by Kathy Lien called Day Trading and Swing Trading the Currency Market. I remembered one strategy that she wrote there. It was based on statistics, that there are rarely more than XX bullish/bearish days in a row. I think the number was around 10. So basically If you have for example 10 bearish days in a row you go long the 11th day. If it fails you go again the 12th day (long). I dont trade this strategy but I remembered it because this scenario happens now in some of the fx pairs. I consider it a confirmation...
I like the strategy, but I don't understand what is SL 1.05?
  • #1,173
  • Nov 21, 2016 8:23am Nov 21, 2016 8:23am
Quoting shimmering
{quote} I like the strategy, but I don't understand what is SL 1.05?
Place your SL at the price 1.05
Never argue with a fool; onlookers may not be able to tell the difference.
  • #1,174
  • Nov 21, 2016 8:25am Nov 21, 2016 8:25am
aud/usd profit, usd/cad loss
  • #1,175
  • Nov 21, 2016 8:26am Nov 21, 2016 8:26am
Was away from the PC and Missed the AUD/USD, Nice easy trade, hope you guys got it.

Caught the USD/CAD
  • #1,176
  • Nov 21, 2016 8:27am Nov 21, 2016 8:27am
Quoting Trader-Dale
aud/usd profit, usd/cad loss
me too
  • #1,177
  • Nov 21, 2016 9:20am Nov 21, 2016 9:20am
aud/usd was nice
  • #1,178
  • Nov 21, 2016 9:31am Nov 21, 2016 9:31am
Hi Dale,

Are you still planning on entering the swing trade on usd/cad at 1.33880, SL 122 pips?
  • #1,179
  • Nov 21, 2016 10:25am Nov 21, 2016 10:25am
Quoting Avail
Hi Dale, Are you still planning on entering the swing trade on usd/cad at 1.33880, SL 122 pips?
no the market turned sooner and already made it to the profit target.
  • #1,180
  • Nov 21, 2016 10:41am Nov 21, 2016 10:41am
Quoting Trader-Dale
{quote} no the market turned sooner and already made it to the profit target.
Did I miss something? The market just went down to that level now.
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