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Trader Dale - daily trading levels

  • #1,681
  • Dec 12, 2016 7:14am Dec 12, 2016 7:14am
Quoting cuchuflito
I just don't want Dale's levels to get to the wrong people or do something that could potentially hurt their accounts unless they're 100% sure they know what they're doing.
ABSOLUTELY: -10% risk, means that if you loose 10 times in a row your out. Impossible?....what if it happens when you reach a million? -500 account, 10% risk on 12 pips, the leveraged lot is: BIGGER than 50000...you get hit, loose 50 bucks and move on..no problem. -BUT what if black swan hits, and your stop is only "honoured", 1500 pips below...I think the eurchf gap was even bigger!!!!! -If your broker sues you for negative balance, you would be down some 10000 ... -No problem ,you sell your car and start again.. -It goes great for a few months and you hit 50000......keep risking 10% with the lot size accordingly.... -Black swan hits, your broker could sue for 10 million!!!!!!!!!!!!!!!!!!!!!!!!!!!! Having an edge is great, and can make a lot of money, BUT one needs to calculate ALL THE RISKS over and over again....take precautions... THEN...enjoy......your hard work...[/quote]

thats right thanks for your post mate!
  • #1,682
  • Dec 12, 2016 7:16am Dec 12, 2016 7:16am
Quoting cbrodes
Hi Trader Dave...wondering if you provide levels for CL ...oil futures mkt.
I don't sorry.
  • #1,683
  • Dec 12, 2016 7:48am Dec 12, 2016 7:48am
1 45 pm UK time

It dropped to 1 0592 on my spot FX EU chart and then tested 1 0615 again ( allow 1 or 2 pips as all broker spot charts are different according to spreads etc etc)

Now its just slightly pulled back and for me 0610 was a scalp buy - with it so far making 0621/2

As long as we stay above 0607 now its still a buy again after any pullback as still HH's and HL'S on a tick and 1 min chart

Good Luck Guys

Regards

FXC
  • #1,684
  • Dec 12, 2016 8:08am Dec 12, 2016 8:08am
A question I have is how do you no that when the market hits a line of resistance if it is going to break through or bounce off? What is a good sign to tell as I'm currently looking at Dales Eur/USD around the 1.06145 mark.
  • #1,685
  • Dec 12, 2016 8:10am Dec 12, 2016 8:10am
Quoting sunnym
{quote} hi Dale can you kindly answer this question,thanks
Very good levels can still be in places with small volumes but mostly what you want for strong level is high volume. of course this applies only if you trede using market profile. If you trade for example fibonacci then volume isn't that crucial for you.
  • #1,686
  • Dec 12, 2016 8:11am Dec 12, 2016 8:11am
Quoting XxixixX
Trader Dale, What pairs do you swing? BTW more active in this thread
I watch about 15 forex pairs for swing trades. Both majors and minors
  • #1,687
  • Dec 12, 2016 8:12am Dec 12, 2016 8:12am
Quoting pipsandbits
Any advice Dale ? Looks nasty
sorry for late post. Eur tested 1 pip sooner. It is a shame because they made in the futures market
  • #1,688
  • Dec 12, 2016 8:14am Dec 12, 2016 8:14am
Quoting ziggy
well I'm going to be over this one like a rash given the volume previously traded here, but my stop is going to be above the highlighted highs {image}
it is very good advice you gave there. Very good places to put your SL are the zones like these (above the big volumes). Thans for the post mate!
  • #1,689
  • Dec 12, 2016 8:16am Dec 12, 2016 8:16am
Quoting FXCoalface
{quote} ABSOLUTELY: -10% risk, means that if you loose 10 times in a row your out. Impossible?....what if it happens when you reach a million? -500 account, 10% risk on 12 pips, the leveraged lot is: BIGGER than 50000...you get hit, loose 50 bucks and move on..no problem. -BUT what if black swan hits, and your stop is only "honoured", 1500 pips below...I think the eurchf gap was even bigger!!!!! -If your broker sues you for negative balance, you would be down some 10000 ... -No problem ,you sell your car and start again.. -It...
Hi cuchuflito Just use a broker with a "negative balance protection" in place So if you have a $5k account - the very most you can lose in a massive black swan event is - just the capital of $5k - and not like as you have mentioned - massive amounts like $50K ++ I use Fx Pro - but there are many more reliable brokers with negative balance protection If you are full time - like myself - I no longer trade with a $70k or $100k capital account - instead I use higher leverage with tight stops ( a recipe for disaster unless you are a very experienced scalper intraday trader - I am ) so only need capital account of $10 - 15K and can still have trading days of $500 to $1500 gains I appreciate you will not read about this idea in books or courses - but for Forex trading you have to trust no one and think outside the box and gain as much knowledge as possible to keep one step in front of the rest Good Trading Regards FXC[/quote]

Very good advice mate. Thanks for the post.
  • #1,690
  • Dec 12, 2016 8:16am Dec 12, 2016 8:16am
Quoting Trader-Dale
Intraday levels for 12.12.2016 PT 10 pips, SL 12 pips. Happy trading {image} {image}
Hi Trader-Dale.
I'm impressed with your results. It's a very good job to do.

I would kindly ask you, could you explain why the 1.0665 level in eurusd. And level 115.24 in usdjpy?

I think the 115.24 in usdjpy is a secondary "poc".

sorry for my bad English
  • #1,691
  • Dec 12, 2016 8:20am Dec 12, 2016 8:20am
Quoting ziggy
{quote} wasn't reached for me either Dk, but you have to say the level was deadly accurate, but for the want of 1 pip we'd all be sitting pretty, I'm sure some will have taken it anyway, I was sorely tempted but when it dropped down I wasn't going to chase it. Have to leave it as one that got away - there will always be others
Another good advice. Never chase a trade. I also don't chase trades when they run away from me. If Iam not able to take the trade exactly (or better) where I wanted then there is no way to chase it and take it for a worse price .
  • #1,692
  • Dec 12, 2016 8:22am Dec 12, 2016 8:22am
Quoting rovingmutt
Bingo, EU 10 pips in the bank, Thanks Dale
wow thats great you took it!
  • #1,693
  • Dec 12, 2016 8:23am Dec 12, 2016 8:23am
Quoting Dkmillion
Trader-Dale do we have to delete that limit order on euro that was missed by a few pips? Is the order still valid? Thanks for your great system!
if the levels was tested 1 pip sooner and made such a strong and precise reaction then you cancel the limit order.
  • #1,694
  • Dec 12, 2016 8:28am Dec 12, 2016 8:28am
Quoting Merchnt2424
A question I have is how do you no that when the market hits a line of resistance if it is going to break through or bounce off? What is a good sign to tell as I'm currently looking at Dales Eur/USD around the 1.06145 mark.
Iam not sure I understand. If it is a support/resistance then it means it is a strong zone where I anticipate a reaction- so no break through.
  • #1,695
  • Dec 12, 2016 8:29am Dec 12, 2016 8:29am
usd/jpy now guyz ...
  • #1,696
  • Dec 12, 2016 8:30am Dec 12, 2016 8:30am
Hit TP on USD/JPY (at least on my broker, I assume you guys as well). Great call once more Dale!
  • #1,697
  • Dec 12, 2016 8:30am Dec 12, 2016 8:30am
USDJPY bagged! cheers!
So many in the Commercial section want to make me rich! :o
  • #1,698
  • Dec 12, 2016 8:36am Dec 12, 2016 8:36am
Nice trade on usdjpy. Great Dale! Sniper Dale!
  • #1,699
  • Dec 12, 2016 8:38am Dec 12, 2016 8:38am
Quoting Trader-Dale
{quote} When i change row size in my VPSV indicator at tradingview, the size is the same in every timeframe. Have a look at the picture: {image}
Thanks Dale,
I'm trying to build VPSV on MT4.
Your info are very useful
  • #1,700
  • Dec 12, 2016 8:39am Dec 12, 2016 8:39am
usd/jpy +10 pips profit. Nice and precise reaction. That's what I like!
Attached Image (click to enlarge)
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