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Trader Dale - daily trading levels

  • #2,101
  • Dec 19, 2016 5:16am Dec 19, 2016 5:16am
Quoting pipsandbits
So ATM my levels are: (Of course , I will reconsider them if there is a big gap on Monday) eurusd: 1,0509 S 1,0433 B 1.0415 B usdjpy: 115.85 B 115.44 B
eurusd 1,0433 level cancelled. Reacted before.
  • #2,102
  • Dec 19, 2016 5:20am Dec 19, 2016 5:20am
Took short on USDJPY at 117.4 toward Trader-Dale's level 116.35. All good. Thank you Dale.
Short on EURUSD still running. nothing canceled.
  • #2,103
  • Dec 19, 2016 5:36am Dec 19, 2016 5:36am
Quoting ruma29
Took short on USDJPY at 117.4 toward Trader-Dale's level 116.35. All good. Thank you Dale. Short on EURUSD still running. nothing canceled.
Ruma,
Dale's first sell level today is 117.54, You took a short at 117.4, this is where you should ordinarily be taking profit. Yes it worked this time, it may not work some other time. In my opinion you are energizing a wrong behavior which might come back to hunt you latter in the future.
What I have observed, is that many of us are trigger happy, we really do not need to trade everyday. Dales level have proven to be very proficient and accurate with a win rate of over 70%.
If we manage our trade properly a few trades in a month will give us over 5% per month. With this level of performance you will be in the elite club.

http://www.tradeciety.com/there-is-no-perfection-in-trading/ I came across this Blog and couldn't agree less with how we circumvent our trading progress and success.
regards
  • #2,104
  • Edited 5:57am Dec 19, 2016 5:40am | Edited 5:57am
Quoting austineejo
{quote} Ruma, Dale's first sell level today is 117.54, You took a short at 117.4, this is where you should ordinarily be taking profit. .... regards
my target is 116.35....I made already +10...look chart...can exit now any time I want. stopped +14
  • #2,105
  • Edited 6:24am Dec 19, 2016 5:43am | Edited 6:24am
short USDCAD at 1.3357 toward Trader-Dale's level 1.3292...out -7
---
EURUSD +30.....will enter again if and when come to Trader-Dale's level at 1.0409
done for now ... really need coffee.
Attached Image
  • #2,106
  • Dec 19, 2016 5:58am Dec 19, 2016 5:58am
Quoting shimmering
{quote} Is this template available n the thread?

Si
  • #2,107
  • Dec 19, 2016 6:04am Dec 19, 2016 6:04am
Quoting mounir90
Is there a way to get alarmed when dale post the trading levels?

sure...pay for someone to send you an email...
  • #2,108
  • Dec 19, 2016 6:07am Dec 19, 2016 6:07am
Quoting mounir90
Is there a way to get alarmed when dale post the trading levels?
yep - in your own profile you can set an alarm to send you an e-mail whenever Dale makes a post, but generally you will find it has been posted between 0800 & 0830

Attached Image
  • #2,109
  • Dec 19, 2016 6:26am Dec 19, 2016 6:26am
Quoting ruma29
short USDCAD at 1.3357 toward Trader-Dale's level 1.3292...out -7 --- EURUSD +30.....will enter again if and when come to Trader-Dale's level at 1.0409 done for now ... really need coffee. {image}
Do not clutter the thread with your own trading levels. What are you trying to get here posting random trades of your own?

Get your own journal thread.
  • #2,110
  • Dec 19, 2016 6:30am Dec 19, 2016 6:30am
Quoting CrocodileRex
{quote} Do not clutter the thread with your own trading levels. What are you trying to get here posting random trades of your own? Get your own journal thread.
just needed your opinion...how is going with your trading? you can add me to your ignore list.
  • #2,111
  • Dec 19, 2016 6:35am Dec 19, 2016 6:35am
Quoting ziggy
In common with every other profession trading requires "on the job practice" to become proficient, we can read and absorb all we can find, but unless we practice our skills will never become honed enough to be able to "go it alone". They say practice makes perfect, but actually it doesn't, practice makes permanent, that is to say practice doing it wrong and that's what we become good at, doing it wrong. As is evident throughout FF an awful lot of traders rely heavily on indicators, in this thread we aren't using indicators we are using visual representations...
Thanks very much for your post. I agree 100 % as usual . Christmas is very good time to do some homework. Even I will be doing some - backtesting and going through my old trades mostly.
Thanks for everyone for posting your document with all the levels! I see that you take doing your homework seriously! Everybody - this is the way to learn and improve!
  • #2,112
  • Dec 19, 2016 6:40am Dec 19, 2016 6:40am
I have updated my post number 1 (http://www.forexfactory.com/showthread.php?t=608433) with some basic information. I also added Ziggy's word document and market profile indicators that were posted here. Thanx guys. From now everybody can go through some basic info there. Thanks guys for this idea.
  • #2,113
  • Dec 19, 2016 6:41am Dec 19, 2016 6:41am
Quoting ruma29
short USDCAD at 1.3357 toward Trader-Dale's level 1.3292...out -7 --- EURUSD +30.....will enter again if and when come to Trader-Dale's level at 1.0409 done for now ... really need coffee. {image}
You need to be aware of the correlation between pairs. You were trading against yourself with these 2 trades and that can be costly.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #2,114
  • Edited 7:56am Dec 19, 2016 6:54am | Edited 7:56am
Quoting Lookleft
{quote} You need to be aware of the correlation between pairs. You were trading against yourself with these 2 trades and that can be costly.
EURUSD was good trade+30...and was in accordance to trend. USDCAD -7...speculative....need for coffee was urgent, USDJPY +14...now I can wait for Dale's level if I want...Thank you for opinion.

------------
correlation doesn't work always...
  • #2,115
  • Dec 19, 2016 6:55am Dec 19, 2016 6:55am
Quoting Trader-Dale
I have updated my post number 1 (http://www.forexfactory.com/showthread.php?t=608433) with some basic information. I also added Ziggy's word document and market profile indicators that were posted here. Thanx guys. From now everybody can go through some basic info there. Thanks guys for this idea.
Nice one Dale, I still hope every new follower takes the time to read the thread, a lot of useful info within it. Santa obviously lives in Switzerland
  • #2,116
  • Dec 19, 2016 6:57am Dec 19, 2016 6:57am
Quoting ziggy
{quote} yep - in your own profile you can set an alarm to send you an e-mail whenever Dale makes a post, but generally you will find it has been posted between 0800 & 0830 {image}
Thanks!
  • #2,117
  • Dec 19, 2016 7:10am Dec 19, 2016 7:10am
Quoting TooSlow
{quote} "Animals that are fed losetheir ability to forage on their own. They often become overly aggressive and completely dependent on handouts. They start to look skinny and sickly and develop begging behaviors, which exacerbates the cycle further as visitors feel sorry for them." Traders that are fed (trades) never learn to trade on their own.... My preference is to learn how to trade not be handed trades.
Agreed, but if you follow the "tips" and then look at previous SR and Supply and Demand Levels, you'll see some pattern in Dales predictions. I am learning this from his "tips" including getting a reasonable handle on PA. (still learning though).

All said, I love your posts as well.

In the meantime its off to foraging we go!
  • #2,118
  • Dec 19, 2016 7:45am Dec 19, 2016 7:45am
Quoting ruma29
short USDCAD at 1.3357 toward Trader-Dale's level 1.3292...out -7 --- EURUSD +30.....will enter again if and when come to Trader-Dale's level at 1.0409 done for now ... really need coffee. {image}
You back in yet? mine was about 1 pip away so entered
So many in the Commercial section want to make me rich! :o
  • #2,119
  • Dec 19, 2016 7:53am Dec 19, 2016 7:53am
Quoting FX-Flux
{quote} You back in yet? mine was about 1 pip away so entered
right 1 off..not entered yet.
  • #2,120
  • Dec 19, 2016 7:54am Dec 19, 2016 7:54am
Quoting FX-Flux
{quote} You back in yet? mine was about 1 pip away so entered
EU missed me about 2-3 pips. I will wait for another one. I gues it would not be wise to take these level earlier, what do you think?
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