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Trader Dale - daily trading levels

  • #4,601
  • Jan 30, 2017 10:27am Jan 30, 2017 10:27am
Lots of BOJ announcements during tomorrows Asian session so be careful about leaving any pending orders of open trades on the JPY pairs.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #4,602
  • Jan 30, 2017 10:30am Jan 30, 2017 10:30am
Quoting Lookleft
Lots of BOJ announcements during tomorrows Asian session so be careful about leaving any pending orders of open trades on the JPY pairs.
Thanks for the heads-up
  • #4,603
  • Jan 30, 2017 10:31am Jan 30, 2017 10:31am
Quoting Nicolaas82
{quote} Hi pipsy7. How did you manage to take some pips today on the EurUsd? I see you used a Ea, did you manage it manually also? Thanks.
yes I did[man.] , I had sume xu trades goin wrong way & didn't like 2 take tooo much risk
This EA ist from Sevan62
da n0o0b + $hit_Disturber
  • #4,604
  • Jan 30, 2017 10:35am Jan 30, 2017 10:35am
Quoting ziggy
{quote} that's areal bummer, check your broker spread as that could be the reason, you don't want a spread any greater than 1 on UJ, mine is 0.8 and I'd say that's where you should be aiming
I'm on Pepperstone using CTrader - just looking at UJ spread fluctuating between 1 and 1.5 atm
  • #4,605
  • Jan 30, 2017 10:49am Jan 30, 2017 10:49am
Quoting Prax
{quote} I'm on Pepperstone using CTrader - just looking at UJ spread fluctuating between 1 and 1.5 atm
see you are from the UK prax, I'm going to sound like a salesman here but I'm really not

You can trade spreadbet with Core Spreads, I use their cloudtrade platform and the spreads are fixed, they widen a little outside normal trading market hours but are still pretty good.

Euro = 0.7
yen = 0.7 ( I said 0.8 but it's defo 0.7)
Aussie = 0.8
Cad = 1.0 note that it's 2.0 before the US opens for business

I have opened several hundred trades with them & only once been slipped, I have never been slipped on a stop loss & if price reaches my PT it's always triggered, they are worth a look. edit, dependent on your trading volume you get a monthly rebate on spread cost, I'm averaging 15-17% rebate
  • #4,606
  • Jan 30, 2017 10:51am Jan 30, 2017 10:51am
Quoting ziggy
{quote} see you are from the UK prax, I'm going to sound like a salesman here but I'm really not You can trade spreadbet with Core Spreads, I use their cloudtrade platform and the spreads are fixed, they widen a little outside normal trading market hours but are still pretty good. Euro = 0.7 yen = 0.7 ( I said 0.8 but it's defo 0.7) Aussie = 0.8 Cad = 1.0 note that it's 2.0 before the US opens for business I have opened several hundred trades with them & only once been slipped, I have never been slipped on a stop loss & if price reaches...
0.7 is really great.
Especially if it is commission free.

Akif,
  • #4,607
  • Jan 30, 2017 10:57am Jan 30, 2017 10:57am
Quoting ziggy
{quote} see you are from the UK prax, I'm going to sound like a salesman here but I'm really not You can trade spreadbet with Core Spreads, I use their cloudtrade platform and the spreads are fixed, they widen a little outside normal trading market hours but are still pretty good. Euro = 0.7 yen = 0.7 ( I said 0.8 but it's defo 0.7) Aussie = 0.8 Cad = 1.0 note that it's 2.0 before the US opens for business I have opened several hundred trades with them & only once been slipped, I have never been slipped on a stop loss & if price reaches...
I use IG for spread betting, spreads are very similar 0.6 on eu and0.7 uj, generally pretty good and can also get pro charts for free if you do minimum trades per month. Like the sound of the rebate though on core spreads will check them out
  • #4,608
  • Jan 30, 2017 11:01am Jan 30, 2017 11:01am
Quoting akift
Bad day. I will short Euro @1.0690 Akif,
Took a bit its time but at last +10.
Could go lower.

Akif,
  • #4,609
  • Jan 30, 2017 11:06am Jan 30, 2017 11:06am
Quoting akift
{quote} Took a bit its time but at last +10. Could go lower. Akif,
I did the same akift but could wait until my original level at 1,0697, anyway + 11 pips
  • #4,610
  • Jan 30, 2017 11:10am Jan 30, 2017 11:10am
Quoting akift
{quote} Took a bit its time but at last +10. Could go lower. Akif,
had my level just a bit higher than yours Akif, I split the difference on what I posted up earlier and used 1.0696, but for my own levels I'm trading at small beer money just to monitor them
  • #4,611
  • Jan 30, 2017 11:11am Jan 30, 2017 11:11am
Maybe next good level....
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  • #4,612
  • Jan 30, 2017 11:17am Jan 30, 2017 11:17am
Quoting devonian
{quote} I use IG for spread betting, spreads are very similar 0.6 on eu and0.7 uj, generally pretty good and can also get pro charts for free if you do minimum trades per month. Like the sound of the rebate though on core spreads will check them out
0.6 is good I saw core advertising over to the left of this page at 0.2 plus a $1.7 comm'n, I think that was for an MT 4 acct. These are really good prices to trade at in my opinion.

I have a contact at IG from the days when he was working at LCG & I was trading with them, I've no idea what volume you put thru IG, but they wouldn't want to lose you and I know that they will offer a rebate deal for some clients, it's been used as a carrot for me
  • #4,613
  • Jan 30, 2017 11:18am Jan 30, 2017 11:18am
Quoting Gazilion
Maybe next good level.... {image}
What is the name of that composite profile indicator?
Akif,
  • #4,614
  • Jan 30, 2017 11:20am Jan 30, 2017 11:20am
Quoting akift
{quote} What is the name of that composite profile indicator? Akif,

Sorry, i dont understand well, can you say it easier :-O
  • #4,615
  • Jan 30, 2017 11:20am Jan 30, 2017 11:20am
Quoting ziggy
{quote} see you are from the UK prax, I'm going to sound like a salesman here but I'm really not You can trade spreadbet with Core Spreads, I use their cloudtrade platform and the spreads are fixed, they widen a little outside normal trading market hours but are still pretty good. Euro = 0.7 yen = 0.7 ( I said 0.8 but it's defo 0.7) Aussie = 0.8 Cad = 1.0 note that it's 2.0 before the US opens for business I have opened several hundred trades with them & only once been slipped, I have never been slipped on a stop loss & if price reaches...
Hi Ziggy, yea from the frozen north of England near Newcastle. Thanks for the info - I'll try a demo with their Cloudtrade as I'm not a fan of MT4
Cheers
  • #4,616
  • Jan 30, 2017 11:22am Jan 30, 2017 11:22am
Ziggy, are you trading 20 pip SL and 20 pips TP and dont touch. Now i have EURUSD +15 pips and i have BE, but i think that 20/20 is best without touching, what do you think ?

Thanks
  • #4,617
  • Jan 30, 2017 11:25am Jan 30, 2017 11:25am
Quoting akift
{quote} 0.7 is really great. Especially if it is commission free. Akif,
yep, comm'n free
  • #4,618
  • Jan 30, 2017 11:25am Jan 30, 2017 11:25am
Quoting FX-Flux
{quote} I took that as well. Hope it's good
+10 for this level. Got out early though as I'm busy
So many in the Commercial section want to make me rich! :o
  • #4,619
  • Jan 30, 2017 11:36am Jan 30, 2017 11:36am
Quoting Gazilion
Ziggy, are you trading 20 pip SL and 20 pips TP and dont touch. Now i have EURUSD +15 pips and i have BE, but i think that 20/20 is best without touching, what do you think ? Thanks
I'm actually trading at -20 stop, +15 PT, it suits me as I like to win often, but I'm a bit fluid on it in that if the price action looks strong I'll hold on. To be honest any PT 10 or above I think is good, if you want a hard and fast rule obviously 15 is going to A get you a PT more often & B will give it to you sooner, it's really then down to personal preference, I like to see the line on my personal performance as straight as possible, & I'll sacrifice a few pips in total profit to achieve that, I know many like the minimum 1:1 RR approach.

There are many ways to skin a cat, today I took 2 losses on euro but had reduced my stake on them, I loved the way the yen trade was shaping up and was actually short of that H&S set up I showed, & came out just before the level was touched. For this trade I increased my stake above my normal level, and took a 15 pip profit on it - which meant I had to ride out that first pullback, so there are many things to consider but think about what you are most comfortable with as a trader & stick to it I'd say
  • #4,620
  • Jan 30, 2017 11:53am Jan 30, 2017 11:53am
Quoting Gazilion
Ziggy, are you trading 20 pip SL and 20 pips TP and dont touch. Now i have EURUSD +15 pips and i have BE, but i think that 20/20 is best without touching, what do you think ? Thanks
sorry Gazillion, I didn't really answer your question. In terms of moving a stop, it's hard not to do that when you are nicely in front, and I've always advocated doing so - but in truth the best total profit comes from leaving them alone. I know how hard that can be, and another way would be to take half your profit at say 15 and leave the remaining half to play out.

I'm talking about Dales levels for these PT's, I'm not sure if that will be true for levels posted up by others.
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