for anyone interested , this is the Book Trader Dale is mentioning about :
https://www.joesenforex.com/wp-content/uploads/2014/03/Day-Trading.pdf
https://www.joesenforex.com/wp-content/uploads/2014/03/Day-Trading.pdf
Pinbar trader EA - Trading pinbars off weekly S&R levels 435 replies
Are you a trend trader or a counter-trend trader? 29 replies
RS levels and physic levels are in indicator (created) 3 replies
Dislikedfor anyone interested , this is the Book Trader Dale is mentioning about : https://www.joesenforex.com/wp-content/uploads/2014/03/Day-Trading.pdfIgnored
Disliked{quote} Did I miss something? The market just went down to that level now.Ignored
Dislikedfor anyone interested , this is the Book Trader Dale is mentioning about : https://www.joesenforex.com/wp-content/uploads/2014/03/Day-Trading.pdfIgnored
Disliked{quote} trading is about probabilities, what you are looking for at levels is the first reaction from the "zone" that the level is in - as you can see on the attached, there was a significant reaction last Thursday from that zone which didn't quite get down to the level. Now look at the reaction today, although it would have been a risk to trade that drive down into the 388 level it actually would have payed out nicely, but if you want to take a more measured approach there was a lovely looking pin bar which went through both the Big Round Number...Ignored
Disliked{quote} trading is about probabilities, what you are looking for at levels is the first reaction from the "zone" that the level is in - as you can see on the attached, there was a significant reaction last Thursday from that zone which didn't quite get down to the level. Now look at the reaction today, although it would have been a risk to trade that drive down into the 388 level it actually would have payed out nicely, but if you want to take a more measured approach there was a lovely looking pin bar which went through both the Big Round Number...Ignored
Disliked{quote} yes, exactly, it was a good trade. But I don't believe there is a free trade, because if you are up 64 pips, then going back down to 0 is not free, it cost you 64 pips.Ignored
DislikedThe tsunami/earthquake in Japan could be a catalyst for the eur/usd to go up and for usd/jpy to go down. Eur and jpy are considered "safe heaven" among currencies so when something like this happens there is high demand for these safe currencies and they tend to strenghten. I myself have these two trades opened as swing trades. Of course I wish the people from Japan all the best.Ignored
DislikedThe tsunami/earthquake in Japan could be a catalyst for the eur/usd to go up and for usd/jpy to go down. Eur and jpy are considered "safe heaven" among currencies so when something like this happens there is high demand for these safe currencies and they tend to strenghten. I myself have these two trades opened as swing trades. Of course I wish the people from Japan all the best.Ignored
DislikedHi Dale, Would you consider the aud/usd invalid now as it turned 3.5 pips from the level 0.7411 and made 9.7pip move?Ignored
Disliked{quote} probably invalid, yes. Maybe if a see a strong confirmation on orderflow I will consider shorting the level.Ignored
Disliked{quote} I would like to understand how you will confirm order flow in FX. Futures is the closest thing I can think of but I'm still unsure on how to get and use this information. FXCM offer a "Real Volume/Transactions indicators" But like most this is broker info only. Can you tell me how you do this?Ignored
Disliked{quote} I use futures data. Unfortunatelly you have to pay for this.Ignored