Disliked{quote} I don't know Adrian. I'm new to this trading. I think I just might take a chanceIgnored
I guess being new - you should stay on the safe side :-)
Trader Dale - daily trading levels
- #4,345
- Edited 4:58am Jan 26, 2017 4:47am | Edited 4:58am
Congratulations for identifying the new level on usd/jpy guys! It is 113.37. Here is a picture: usdjpy print.png;2157396 {image}
Thank you SO Much
Took a chance here(Fun account) and also worked out very well.
- #4,346
- Jan 26, 2017 4:49am Jan 26, 2017 4:49am
- | Membership Revoked | Joined Sep 2016 | 1,511 Posts
Here we go again my friends! AUD/USD +10 pips profit. Nice and precise reaction thats what we like right? 
- #4,350
- Jan 26, 2017 5:01am Jan 26, 2017 5:01am
- Joined Jun 2014 | Status: Invisible | 1,471 Posts
AU +10, finally
As most of you will know by now I am a bit of a records freak. I have been back through the levels given by Dale and applied my usual criteria of avoiding both news & tests, and stood aside when the market is moving like an express train after a major news announcement, for example no $ shorts in the period after the FOMC news when price went up relentlessly.
Other than that, I let each trade trigger regardless of it being a level given same day or one given 2 week prior. And I let them trigger in the Asian session unless there was a news event or a test, can be done even in the UK if you set an alarm........ although your other half might get a bit fed up with a 3:00 alarm going off.
Some strike rate stats for you.
Using the 12 stop / 10 PT approach 73% I haven't factored in any spread widening overnight, but most trigger during the day time anyway.
Using a 20 pip stop, 10 PT = 82% strike rate, 15 PT a 80% strike rate and 20 a 71% strike rate
Basically what I'm saying is Dales levels are chuffing brilliant
Other than that, I let each trade trigger regardless of it being a level given same day or one given 2 week prior. And I let them trigger in the Asian session unless there was a news event or a test, can be done even in the UK if you set an alarm........ although your other half might get a bit fed up with a 3:00 alarm going off.
Some strike rate stats for you.
Using the 12 stop / 10 PT approach 73% I haven't factored in any spread widening overnight, but most trigger during the day time anyway.
Using a 20 pip stop, 10 PT = 82% strike rate, 15 PT a 80% strike rate and 20 a 71% strike rate
Basically what I'm saying is Dales levels are chuffing brilliant
{quote} It looks like volume cluster won against gap. USDJPYM1.png;2157554 Akif, {image}
I urge all those who are new to the game to download your profile tool and experiment, I'm currently testing it on the Dax, pretty damn good on that as well
{quote} Nice one PapaJ................ but I think your entry was 100 pips above the one Dale has given, and yours was short, Dales is long......... or maybe it was something else you did
. The odds were with me, this is how i saw it... i saw the short possibility on the 1hr tf and confirmed it on the 30 min tf after that very strong long movement, then fired the short
that was too risky, i'm glad it worked out on my favor, thanks to Dale's 10pip tp lesson.
- #4,360
- Edited 6:17am Jan 26, 2017 5:58am | Edited 6:17am
Here we go again my friends! AUD/USD +10 pips profit. Nice and precise reaction thats what we like right?
I have read through many pages here and downloaded the indicators.
And I can see that this seem to be based on VPOC from Jan 20 + 4 pips as the buy trigger.
Am I right in my assumption?
Just try to understand it all
BR
Mathias