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Trader Dale - daily trading levels

  • #4,101
  • Jan 24, 2017 7:05am Jan 24, 2017 7:05am
Thank you for that Ziggy Dale and Vissie. When I'm in front of the PC and when I have time to look at the markets, then I follow the rules. The rest of the time I keep my pending orders open and hope for the best. Results is SL: 8 and TP 12 for this Month (I trade a SL 12 and TP 10. I was wondering what the hit rate would be if you trade a 1:1? SL 12 pips and TP 12 pips? Does anyone trade it like this?
  • #4,102
  • Jan 24, 2017 7:32am Jan 24, 2017 7:32am
Quoting Trader-Dale
Maybe some of the new members missed my swing trades. It would be a shame so I will repost my post concerning it: "Here is my late Christmas present for you guys: 18 swing trade levels for 10 forex markets with my commentary. I hope it will serve you both as good trading levels and good education material to study! Everything can be found on my tradingview page profile. I won't post a link here but Iam sure you will find it. If you have trouble finding it I have also posted the link on my facebook page so you can find it there. If you still have...
there are mistake ? , AUDUSD / EURUSD, you have tittle EURUSD, and AUDUSD chart.
  • #4,103
  • Jan 24, 2017 7:51am Jan 24, 2017 7:51am
Quoting Trader-Dale
Intraday levels for 23.1.2017 I use PT 10 pips, SL 12 pips. Happy trading *Basic rules about trading my levels and some mt4 indicators are here: http://www.forexfactory.com/showthread.php?p=9162014#post9162014 23.1. table.png;2151006 23.1. print.png;2151004 {image} {image}
Hi Dale, would you please so kind to provide me your facebook link. Thanks.
  • #4,104
  • Jan 24, 2017 7:53am Jan 24, 2017 7:53am
Quoting Daaimali1512
{quote} Hi Dale, would you please so kind to provide me your facebook link. Thanks.
https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=trader%20dale%20facebook
  • #4,105
  • Jan 24, 2017 7:53am Jan 24, 2017 7:53am
Quoting Daaimali1512
{quote} Hi Dale, would you please so kind to provide me your facebook link. Thanks.
Go to Dale's profile and you'll find it on the left hand side
Never argue with a fool; onlookers may not be able to tell the difference.
  • #4,106
  • Jan 24, 2017 8:06am Jan 24, 2017 8:06am
Quoting Trader-Dale
Intraday levels for 23.1.2017 I use PT 10 pips, SL 12 pips. Happy trading *Basic rules about trading my levels and some mt4 indicators are here: http://www.forexfactory.com/showthread.php?p=9162014#post9162014 23.1. table.png;2151006 23.1. print.png;2151004 {image} {image}
hey dale i am a bit confused regarding levels i.e. as we all know and it's fact that if usd goes high aus,cad,eur will go down, so my question why did you provide levels to same side for eurusd,aususd,usdcad for long. Therefore if eurusd and aususd goes up usd should go down as it going right now will you please explain it. Thanks.
Attached Image
  • #4,107
  • Jan 24, 2017 8:06am Jan 24, 2017 8:06am
Quoting Nicolaas82
{quote} Thank you Ziggy. I agree with Mindspeculat that it would be helpful if people share the results of their trading. I really feel that way we share information that can only be beneficial. Thanks again to everyone.
You'll find it a far better learning experience if you do your own back testing. Go back over the levels Dale has posted and see what your results would have been based on the basic rules and what you see on the chart. Then compare your results with the ones that Dale posts at the end of each month. This type of precision trading is very discretionary and no two traders will see the same things. Some will ignore the fact that a level has already been tested or ignore news events etc. others will take PA and S/R into account.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #4,108
  • Jan 24, 2017 8:10am Jan 24, 2017 8:10am
1.3287 is looking a nice location for a short on Cad for tomorrow
  • #4,109
  • Jan 24, 2017 8:14am Jan 24, 2017 8:14am
Quoting ziggy
1.3287 is looking a nice location for a short on Cad for tomorrow
Agreed, very nice setup indeed that has developed in the last couple of hours, good eye.
  • #4,110
  • Jan 24, 2017 8:20am Jan 24, 2017 8:20am
Quoting workaholic
{quote} I, too, am grateful for Dale sharing his ideas/thoughts/process... As well as ziggy, akif, and all other constructive members sharing in this thread. Using approximately 50/50 mix of limit orders and manual entry based on Dale's levels, for the month of January I have 36TP, 2BE, and 6SL. That's about 82% win rate. Full disclosure, I am trading small peanuts, total deposit of $275 with total profit just north of $50. But at this rate, I'd be over $2K in one year.
Great effort, can I ask to achieve that many TP do you keep trying each level until they are proved invalid?
Take 1 step forward, two small steps back
  • #4,111
  • Jan 24, 2017 8:30am Jan 24, 2017 8:30am
Quoting Daaimali1512
{quote} hey dale i am a bit confused regarding levels i.e. as we all know and it's fact that if usd goes high aus,cad,eur will go down, so my question why did you provide levels to same side for eurusd,aususd,usdcad for long. Therefore if eurusd and aususd goes up usd should go down as it going right now will you please explain it. Thanks. {image}
Those are intraday levels where profit is 10 pips. Iam not guessing the long term direction of the market. Small correction on my level is all what I need. Is this answer ok for you? I hope I understood your question correctly.
  • #4,112
  • Jan 24, 2017 8:33am Jan 24, 2017 8:33am
Quoting ziggy
1.3287 is looking a nice location for a short on Cad for tomorrow
Seeing some price action (based on support and resistance) coupled with volume from yesterday's profile, I traded 1.3290 today successfully. I will go for short again on your expert suggestion. Thank you Ziggy!
Attached Image (click to enlarge)
Click to Enlarge Name: CAd.jpg Size: 68 KB
  • #4,113
  • Jan 24, 2017 8:43am Jan 24, 2017 8:43am
Quoting ziggy
1.3287 is looking a nice location for a short on Cad for tomorrow
any particular pair you had in mind Ziggy ..like UC|AC| CJ ..etc...or it really doesn't matter (as long as we go short on C)?
Thanks & Cheers
  • #4,114
  • Jan 24, 2017 8:51am Jan 24, 2017 8:51am
Quoting radaway
{quote} any particular pair you had in mind Ziggy ..like UC|AC| CJ ..etc...or it really doesn't matter (as long as we go short on C)? Thanks & Cheers
UsdCad
  • #4,115
  • Jan 24, 2017 8:55am Jan 24, 2017 8:55am
Quoting Trader-Dale
{quote} EUR/GBP is a bit special because it is quite volatile and news dependant these days. Generally speaking my decision is also dependant on fundamentals - for example previous week BOC meeting - there was quite a surprise because they mentioned rate cuts (market thought they were done cutting rates for now). This was followed by strong upmove. In this cas I stopped trading both intraday and swing trades with forex pars with CAD. For intraday trades the rule is: trade when volatility subsides and dont try to read fundamentals too much (with...
Thanks mate, that helps
  • #4,116
  • Jan 24, 2017 8:56am Jan 24, 2017 8:56am
Got into UC long @ 1.3178, SL and PT both 20. Just barely missed getting stopped out there! Phew!!

Edit: and SL...
  • #4,117
  • Jan 24, 2017 9:04am Jan 24, 2017 9:04am
Ups, the USDCAD @1.3178 was a quick one (). Couldn't even follow as fast it went down...
  • #4,118
  • Jan 24, 2017 9:07am Jan 24, 2017 9:07am
USD/CAD: This was probably a mistake to be that agressive and take this trade against such a spike move but I did it and got SL. I hope there are some of you more conservative who didn't take it.
  • #4,119
  • Jan 24, 2017 9:09am Jan 24, 2017 9:09am
Quoting HemDir
Ups, the USDCAD @1.3178 was a quick one (). Couldn't even follow as fast it went down...
yup, even before I could say 'jack robinson' it was over
  • #4,120
  • Jan 24, 2017 9:16am Jan 24, 2017 9:16am
note to self - treat US homes sales data & Richmond Services with respect, -20
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