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Trader Dale - daily trading levels

  • #4,261
  • Jan 25, 2017 7:29am Jan 25, 2017 7:29am
Quoting adrian w.
Hello, just want to make sure usdcad 1,30820 still valid for trading, right?
it has been thoroughly tested, it might play out well but we are looking for the initial response, we've had that so it has to go down as a NO trade
  • #4,262
  • Jan 25, 2017 7:37am Jan 25, 2017 7:37am
Quoting radaway
but seriously , the forums blaming 'him' for the sudden moves, but how actually? I don't see any calamity as such. but it happened yesterday , then today looks like a pattern here ? ...or is 'he' just a red herring here ? *& how do we look @ it tomorrow & the times to come ? (Hope I speak for everyone here)
if there is one thing markets hate it's uncertainty, nobody yet knows how to respond to his remarks and consequently there will almost certainly be an overreaction, how do you trade it - well we either believe it will settle down and take the rough with the smooth, or perhaps reduce our position size until we see less overreaction to his tweets & comments. I think it's highly unlikely that he will change his style so we need to adapt as will all players, once his unpredictability becomes more predicable we are likely to see sudden but brief moves
  • #4,263
  • Jan 25, 2017 7:44am Jan 25, 2017 7:44am
Quoting ziggy
{quote} it has been thoroughly tested, it might play out well but we are looking for the initial response, we've had that so it has to go down as a NO trade
well, with my broker it only got 4,3 pips close, but the reaction was almost triple TP distance..
I have never before needed such accuracy with my broker and my trading system.. but seeing some small differences (that matter a lot with Dale´s system like not being filled into position, not getting tp by spread only..) to what people report here - makes me think again about ECN account..
  • #4,264
  • Jan 25, 2017 7:45am Jan 25, 2017 7:45am
Quoting Trader-Dale
{quote} I hope you avoided jpy trade. When you see 20 pips in 1 minute - you don't want to go against it. Thats why market orders are better than limits.
I will code this rule to my ea [semi auto]
  • #4,265
  • Jan 25, 2017 7:50am Jan 25, 2017 7:50am
Quoting radaway
{quote} that looks as Hindsight, this morning the same had happened with the AU, big stuff rogering down but it went okay.(take a look) so when its OK. & when not ..is the question. Brrrrr..... {image}
Backtest shows that a level lying at a considerable distance from the market price usually pays even during extremely volatile conditions (even during macroeconomic news). However, a level (must referred just a few pips above or below associates high risk. I have been one of your keen followers and I must acknowledge that your strategy is awesome and has transformed my approach to trading. I see the situation being faced as a part of game (business) hoping the clouds will not stay too long and soon will be back on the road of consistent profit. As a layman, I must request you all to please excuse me if anything said irritates or hurts anyone. Happy Trading... And, I must say... you're great Dale... We love you!

Regards,
  • #4,266
  • Jan 25, 2017 7:53am Jan 25, 2017 7:53am
Quoting Tmsago
{quote} Thank you for the PDF I have a question: He said: To get the 80% rule, you need this: One 30 minute bar needs to close inside of the value area, and when the next 30-minute bar opens inside the value area, you then have an 80% rule! is it possible for the next 30-minute bar to open outside the value area if the first one closed inside?
Hi, to be honest, I do not know the answer to your question. I use a single close back inside to alert me then I watch PA so not a hard and fast rule.
Plan, Prepare, Execute, Repeat
  • #4,267
  • Jan 25, 2017 7:58am Jan 25, 2017 7:58am
Quoting kk100
Courage people using Market Profile and Auction Market Theory. I do trades with other instruments and sometimes different levels what Dale post here, that's why i wont post entries. Don't want mess this thread. {image}
What are you using?
Carpe Diem
  • #4,268
  • Jan 25, 2017 8:19am Jan 25, 2017 8:19am
Quoting adrian w.
{quote} well, with my broker it only got 4,3 pips close, but the reaction was almost triple TP distance.. I have never before needed such accuracy with my broker and my trading system.. but seeing some small differences (that matter a lot with Dales system like not being filled into position, not getting tp by spread only..) to what people report here - makes me think again about ECN account..
Hi Adrian

everyone's got an advice ....but I think you could read Post 3,969.
He (post starter) has benefited(ECN) , I suppose you will too.
My 0.02 cents (thats what's left over after today's thumping)

cheers
  • #4,269
  • Jan 25, 2017 8:21am Jan 25, 2017 8:21am
at long last AU +20, that has squared the yen trade
  • #4,270
  • Jan 25, 2017 8:29am Jan 25, 2017 8:29am
Quoting radaway
{quote} Hi Adrian everyone's got an advice ..but I think you could read Post 3,969. He (post starter) has benefited , I suppose you will too. My 0.02 cents (thats what is left over after today's thumping) cheers
Hello radaway,

thank you for your response. Well, honestly, I am becoming convinced it is worth it.. I have already changed broker once.. and all that is avoiding me from changing to ECN is the administration.. I have already called my broker (Admiral Markets, I am generally satisfied with them) - their ECN accounts are UK based so I need to do the whole registration again, withdraw my trading deposit and transfer it to another bank.. and I am not sure about UK broker regulation after brexit..
  • #4,271
  • Jan 25, 2017 8:49am Jan 25, 2017 8:49am
Quoting ziggy
at long last AU +20, that has squared the yen trade
Cool!! I was hoping that maybe you and some others might go with 20 pips SL and take a profit from this trade
  • #4,272
  • Jan 25, 2017 8:58am Jan 25, 2017 8:58am
Is anyone going to trade if the levels are hit during the Crude Oil inventories in 30 minutes? The USD/CAD is about 30~ pips away, so I might avoid that one.
  • #4,273
  • Jan 25, 2017 9:00am Jan 25, 2017 9:00am
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 2017-01-25 21_57_47.png Size: 47 KB

thank youuu dale, thank you all
  • #4,274
  • Jan 25, 2017 9:03am Jan 25, 2017 9:03am
Quoting CKSCswing
{quote} What are you using?
I recommend follow Dale, and read his posts.
  • #4,275
  • Jan 25, 2017 9:08am Jan 25, 2017 9:08am
i just practiced AU value area rejection from swingtrade65 pdf. thanks for share.
  • #4,276
  • Jan 25, 2017 9:14am Jan 25, 2017 9:14am
Hello everybody,

is anyone trading Dale´s levels with AdmiralPrime account (ECN)? I am with AdmiralMarkets (FTP) and am facing missed entries or missed take profits by 0,1 pip or even by spread. I am just curious if these are reduced with AdmiralPrime (ECN). Cause if so, I would switch to AdmiralPrime. Could you advise? Thank you.
  • #4,277
  • Jan 25, 2017 9:16am Jan 25, 2017 9:16am
Hi guys,
did someone take the EUR/GBP swing trade at 0.8544 that has been trigged this morning?

What do you think, Dale? Or it's better to avoid trading the pound as there are news almost every day?

thanks for the daily support!
  • #4,278
  • Jan 25, 2017 9:26am Jan 25, 2017 9:26am
Quoting Iena
Hi guys, did someone take the EUR/GBP swing trade at 0.8544 that has been trigged this morning? What do you think, Dale? Or it's better to avoid trading the pound as there are news almost every day? thanks for the daily support!
I took smaller position because of that.
  • #4,279
  • Jan 25, 2017 9:30am Jan 25, 2017 9:30am
Quoting Trader-Dale
{quote} I took smaller position because of that.
So do I.

thanks Dale!
  • #4,280
  • Jan 25, 2017 9:36am Jan 25, 2017 9:36am
Quoting hardwin
i just practiced AU value area rejection from swingtrade65 pdf. thanks for share.
That was a nice one...textbook as they say
Plan, Prepare, Execute, Repeat
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