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Trader Dale - daily trading levels

  • #3,041
  • Jan 6, 2017 9:34am Jan 6, 2017 9:34am
I didn't take the UJ but that would've been a loss. Am I missing something here?
  • #3,042
  • Jan 6, 2017 9:34am Jan 6, 2017 9:34am
Quoting tony1200
{quote} 12 pip SL,,,,
Yes exactly. In my chart price went up to 116.75 before coming down. So 116.56 + 12 pips SL = 116.68, which was hit way before.
  • #3,043
  • Jan 6, 2017 9:35am Jan 6, 2017 9:35am
I was stopped on the uj short but gained 10 on eu long
  • #3,044
  • Jan 6, 2017 9:37am Jan 6, 2017 9:37am
Unless he took the trade after the news, but even then, the level would've been tested already so I'm not sure. Maybe Dale meant TP on EUR/USD. Not sure.
  • #3,045
  • Jan 6, 2017 9:42am Jan 6, 2017 9:42am
Quoting Rfs199
Unless he took the trade after the news, but even then, the level would've been tested already so I'm not sure. Maybe Dale meant TP on EUR/USD. Not sure.
1.0552 long would have also been a loss. I'm confused now.
  • #3,046
  • Jan 6, 2017 9:43am Jan 6, 2017 9:43am
Sorry guys, I probably made a mistake It went to SL, not to PT. It was profit only if you took it later.
  • #3,047
  • Jan 6, 2017 9:56am Jan 6, 2017 9:56am
Quoting Trader-Dale
Sorry guys, I probably made a mistake It went to SL, not to PT. It was profit only if you took it later.
The same to me, Dale. But it's no problem, thank you a lot. I took profit from EU 1.0552! ^^
  • #3,048
  • Jan 6, 2017 9:57am Jan 6, 2017 9:57am
Quoting Rfs199
I didn't take the UJ but that would've been a loss. Am I missing something here?
Remember trading is discretionary so no matter how accurate Dale's levels are you should always look at price action.
With the news and price momentum there wasn't much that was going to stop it.
I entered on the M5 at 116.710 after the first rejection of the RN (116.750) and rode it down for a nice little 35 pips
Thanks Dale. Have a good weekend all.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #3,049
  • Jan 6, 2017 10:00am Jan 6, 2017 10:00am
Hi dale,
I have been following you since you start, it is nice giving signal thread. Can you post your earning graph ?
thanks.
Ariel
  • #3,050
  • Jan 6, 2017 10:04am Jan 6, 2017 10:04am
Quoting fsm
{quote} How was that a profitable trade? Entry was short at 116.56 right?
it's a bit dependant upon 1 or 2 things, if you entered as it went into the level you most likely would have been nicked out before it got 9 ish pips up, but if you watched it and perhaps were conscious of the fact it was slowing down, and where yesterdays up thrust got to, you might have applied slightly different criteria. We all have our own way and indeed must find a way that suits us. I will take a wider stop if I think it's appropriate, I also waited before entering, decided I thought it likely there would be some kind of hesitation and pull back, so actually entered a bit late and above the level. This screen shot shows where I was prepared to put my initial stop, and as it came down I moved my stop to BE & held on for a 20 pip PT, which could just as easily been a BE - but I felt the downward pressure was enough to likely get to 20 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-01-06_1555.png Size: 77 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-01-06_1557.png Size: 53 KB


The levels alone are great, but a bit of market reading which only comes with practice does help. Stick with it Cheers Ziggy
  • #3,051
  • Jan 6, 2017 10:11am Jan 6, 2017 10:11am
Quoting Trader-Dale
Sorry guys, I probably made a mistake It went to SL, not to PT. It was profit only if you took it later.
So didnīt you take entry?
  • #3,052
  • Jan 6, 2017 11:27am Jan 6, 2017 11:27am
Attached Image (click to enlarge)
Click to Enlarge Name: trade.png Size: 219 KB
  • #3,053
  • Jan 6, 2017 11:35am Jan 6, 2017 11:35am
Quoting Lookleft
{quote} Remember trading is discretionary so no matter how accurate Dale's levels are you should always look at price action. With the news and price momentum there wasn't much that was going to stop it. I entered on the M5 at 116.710 after the first rejection of the RN (116.750) and rode it down for a nice little 35 pips Thanks Dale. Have a good weekend all.
Just don't trade during news, the fundamental moves will always ruin your technical analysis.
Risk comes from not knowing what you're doing.
  • #3,054
  • Jan 6, 2017 11:51am Jan 6, 2017 11:51am
if anyone is watching the aussie, as far as I'm concerned we've had the reaction a little early, I am closing down now and won't be taking any more trades until Monday

Have a great w/end all Cheers Ziggy
  • #3,055
  • Jan 6, 2017 12:00pm Jan 6, 2017 12:00pm
Quoting ziggy
if anyone is watching the aussie, as far as I'm concerned we've had the reaction a little early, I am closing down now and won't be taking any more trades until Monday Have a great w/end all Cheers Ziggy
Yes, it seems you are right Ziggy. We will have to wait what next week will bring.
  • #3,056
  • Jan 6, 2017 1:23pm Jan 6, 2017 1:23pm
EU +35. Shutting down for the day. Have a good weekend everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: tradeud.png Size: 221 KB
  • #3,057
  • Jan 6, 2017 1:49pm Jan 6, 2017 1:49pm
Quoting lKeithStone
EU +35. Shutting down for the day. Have a good weekend everyone. {image}
Congrats, what was your trigger? Did you sell it at POC? I am not able to recognise anything at the right part of the picture. Thanks
  • #3,058
  • Jan 6, 2017 2:02pm Jan 6, 2017 2:02pm
Quoting ziggy
if anyone is watching the aussie, as far as I'm concerned we've had the reaction a little early, I am closing down now and won't be taking any more trades until Monday Have a great w/end all Cheers Ziggy
trade worked brilliantly,,,still holding til I see LL on 3 min frame!,,,,,just got out .7303
  • #3,059
  • Jan 6, 2017 2:45pm Jan 6, 2017 2:45pm
AUDUSD 0.7293 gave +10 pips.
I was out playing snowball with kids so I didnt see the prior approach to the level.
Happy weekend everyone.

Akif,
  • #3,060
  • Jan 6, 2017 3:23pm Jan 6, 2017 3:23pm
Quoting majrou666
{quote} Congrats, what was your trigger? Did you sell it at POC? I am not able to recognise anything at the right part of the picture. Thanks
I got to my computer a little late, but I sold after the hard rejection off the POC expecting a push down to my 1.0510 level.
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