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Trader Dale - daily trading levels

  • #3,861
  • Jan 19, 2017 5:14am Jan 19, 2017 5:14am
Quoting januszo
{quote} never go against "foreign entities" ie : central banks
Right, I think I missed some news.
  • #3,862
  • Jan 19, 2017 5:21am Jan 19, 2017 5:21am
Quoting brink
{quote} Isn't it short at 1.0033??
Posted entry level was 1.0008. Triggered 3 hous earlier.
It went against up to 1.0033, but didnt hit the SL.

So that was the question.

Akif,
  • #3,863
  • Jan 19, 2017 5:37am Jan 19, 2017 5:37am
Quoting shimmering
{quote} Right, I think I missed some news.
Dale gave a repeated warning in post #3815
Never argue with a fool; onlookers may not be able to tell the difference.
  • #3,864
  • Jan 19, 2017 5:58am Jan 19, 2017 5:58am
Quoting akift
{quote} Posted entry level was 1.0008. Triggered 3 hous earlier. It went against up to 1.0033, but didnt hit the SL. So that was the question. Akif,
Where were levels posted? I could only see the chart and based on the chart I thought it is 1.0033 and so went short now
  • #3,865
  • Jan 19, 2017 6:49am Jan 19, 2017 6:49am
Quoting radaway
Good Morning Dale two questions 1) would it be safe to persue the NC swing now ? 2)I suppose we can continue with swing EUR/USD after the ECB event(from tomorrow maybe ?). if yes , would the entry points be different/vary ? (entry/s.l/t.p) Thank You !
NC is done. If it were traded agains BOC crazy move it would be SL. I hope you guys didn't take it. The same applies for EUR - don't trade the news. If there is still opportunity to go in EUR trade I will take it. SL and PT are the same but I will enter only if there is oppportunity with RRR 1:1 or better. Dont get too agressive and wait after the macro moves subside. Central banks are quite dangerous so it is better to wait longer then less.
  • #3,866
  • Jan 19, 2017 6:56am Jan 19, 2017 6:56am
Quoting Trader-Dale
{quote} NC is done. If it were traded agains BOC crazy move it would be SL. I hope you guys didn't take it. The same applies for EUR - don't trade the news. If there is still opportunity to go in EUR trade I will take it. SL and PT are the same but I will enter only if there is oppportunity with RRR 1:1 or better. Dont get too agressive and wait after the macro moves subside. Central banks are quite dangerous so it is better to wait longer then less.
Thank you for the Tip Dale. !
*if you sence any 'foul play' from the macros about the others(swings), pl. do broadcast,like you did for NC.
cheers
  • #3,867
  • Jan 19, 2017 6:57am Jan 19, 2017 6:57am
Were you guys trading asian session? There was a very nice trade on aud/usd.
Attached Image (click to enlarge)
Click to Enlarge Name: 19.1. aud profit asian.png Size: 40 KB
  • #3,868
  • Jan 19, 2017 7:08am Jan 19, 2017 7:08am
Quoting Trader-Dale
Were you guys trading asian session? There was a very nice trade on aud/usd. 19.1. aud profit asian.png;2146884 {image}
it turned 3 pips earlier. Should we still take the trade?
  • #3,869
  • Jan 19, 2017 7:16am Jan 19, 2017 7:16am
Quoting Trader-Dale
Were you guys trading asian session? There was a very nice trade on aud/usd. 19.1. aud profit asian.png;2146884 {image}
It turned sooner and made more than 15pips
  • #3,870
  • Jan 19, 2017 7:19am Jan 19, 2017 7:19am
Quoting CrocodileRex
{quote} it turned 3 pips earlier. Should we still take the trade?
4 pips according to FXCM. I would still take the trade.
  • #3,871
  • Jan 19, 2017 7:20am Jan 19, 2017 7:20am
Quoting m.miso
{quote} It turned sooner and made more than 15pips
yea, that's the tricky part. Sometimes the trade was good even if it turned sooner. Sometimes it's not. It's very subjective.
  • #3,872
  • Jan 19, 2017 7:22am Jan 19, 2017 7:22am
Dale,

I had a level on aud/usd at 0.7551 short earlier. I wonder if you did take consideration of that level too. Anyway, price reached 0.7550 and turned for about 8 pips. Then it just blew through 0.7551 like rocket without stopping causing me a -12.

Any comments on this?
  • #3,873
  • Jan 19, 2017 7:25am Jan 19, 2017 7:25am
Quoting Trader-Dale
Were you guys trading asian session? There was a very nice trade on aud/usd. 19.1. aud profit asian.png;2146884 {image}
I cancelled my live trade but kept my demo trade alone and it hit the T/P perfectly. We live and learn.
Am also running a demo trade on your AC swing level, the strength of the AUD$ looks to be running out and might turn that swing to profit; I will watch and see.

Have been following your post for a few months now and I have a lot of respect for you Dale for the efforts you have gone to in sharing your knowledge.
Thanks also to Ziggy for adding input to.

Am a new trader and I hope one day I will be a contributor rather than a reviewer.
Take 1 step forward, two small steps back
  • #3,874
  • Jan 19, 2017 7:34am Jan 19, 2017 7:34am
Quoting CrocodileRex
Dale, I had a level on aud/usd at 0.7551 short earlier. I wonder if you did take consideration of that level too. Anyway, price reached 0.7550 and turned for about 8 pips. Then it just blew through 0.7551 like rocket without stopping causing me a -12. Any comments on this?
The reason I didn't do any short trades here were: very strong buying activity (seen mostly from m30 price action) and not that strong high of the day (weak sellers). There were also heavy volumes at day's highs which I thought will attract buyers and the price could easily shoot up (exactly like it did).
  • #3,875
  • Jan 19, 2017 7:49am Jan 19, 2017 7:49am
Dale,
Are you in AUDJPY and AUDCAD swing shorts?
  • #3,876
  • Jan 19, 2017 8:38am Jan 19, 2017 8:38am
Quoting akift
Dale, Are you in AUDJPY and AUDCAD swing shorts?
Iam.
  • #3,877
  • Jan 19, 2017 8:46am Jan 19, 2017 8:46am
Quoting Trader-Dale
Were you guys trading asian session? There was a very nice trade on aud/usd. 19.1. aud profit asian.png;2146884 {image}
I took it for +17. Nice call Dale! Thank you
  • #3,878
  • Jan 19, 2017 8:48am Jan 19, 2017 8:48am
hello all, i interested this simple strategy because of volume can't lies(my opinion). but really hard to understand the concept of trader dale strategy (because of my poor english) . this method : baby sittting method?? scalping (according TF ) we use??
  • #3,879
  • Jan 19, 2017 8:59am Jan 19, 2017 8:59am
Quoting Trader-Dale
{quote} Iam.
For AC swing trade, would it be better to wait until the 4PM news on crude oil before entering the trade? I think there is a link between the two?
Take 1 step forward, two small steps back
  • #3,880
  • Jan 19, 2017 9:05am Jan 19, 2017 9:05am
There is a short for UJ at 115.91 that has not been tested yet I believe is one from the beginning of the week correct me if im wrong.
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