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Trader Dale - daily trading levels

  • #4,901
  • Feb 3, 2017 2:03am Feb 3, 2017 2:03am
Intraday levels for 3.2.2017
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
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  • #4,902
  • Feb 3, 2017 2:23am Feb 3, 2017 2:23am
Guys did you notice that levels hit in asian session have like a 90 % winning rate? This is crazy! Here is usd/jpy from asian session:

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  • #4,903
  • Feb 3, 2017 2:24am Feb 3, 2017 2:24am
Quoting Trader-Dale
{quote} Iam not trading this one.
Thanks Dale, after 2 SLs of yesterday i decided to take a risk and cancel my SLs (Not advisable to anyone please, especially newbies like me). Thank God that the risk was worth it, see what happened when i woke up....

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Click to Enlarge Name: Screenshot3.png Size: 5 KB
  • #4,904
  • Feb 3, 2017 2:32am Feb 3, 2017 2:32am
Quoting Trader-Dale
Guys did you notice that levels hit in asian session have like a 90 % winning rate? This is crazy! Here is usd/jpy from asian session: 2.2. jpy asian profit.png;2170614 {image}
Relativly slow market, makes sense. Good stuff for our robot
  • #4,905
  • Feb 3, 2017 2:32am Feb 3, 2017 2:32am
Quoting Trader-Dale
Guys did you notice that levels hit in asian session have like a 90 % winning rate? ...
This may be considered as a good reason to increase lot during Asian session.
But be aware of CNY news also and spread widening.
BR, alex
  • #4,906
  • Feb 3, 2017 2:34am Feb 3, 2017 2:34am
Quoting PapaJ
{quote} Thanks Dale, after 2 SLs of yesterday i decided to take a risk and cancel my SLs (Not advisable to anyone please, especially newbies like me). Thank God that the risk was worth it, see what happened when i woke up.... Screenshot3.png;2170617 {image}
what do you mean CANCEL YOUR SL??? Never never never do it again! You can set it up for example for 20-50 pips if you want to but there always must be a SL! Do you know that if there was a black swan you could easily end up with a account in red numbers? (owning money to your broker!!!) I know people who had to sell their houses to pay their broker after CHF black swan or GBP flash crash (not so long ago!).
Please guys! Always use SL!
  • #4,907
  • Feb 3, 2017 2:36am Feb 3, 2017 2:36am
Trader Dale,

How far back are you looking at levels, meaning do you look at anything older than a week to be still valid?
  • #4,908
  • Feb 3, 2017 2:38am Feb 3, 2017 2:38am
Hi Dale

I was looking at 113.30 on uj as a possible area of resistance, any thoughts?
  • #4,909
  • Feb 3, 2017 2:39am Feb 3, 2017 2:39am
Quoting XxixixX
Trader Dale, How far back are you looking at levels, meaning do you look at anything older than a week to be still valid?
Unless it is a really strong level I dont look further buddy.
  • #4,910
  • Feb 3, 2017 3:16am Feb 3, 2017 3:16am
It's NFP day, i doubt there will be any levels hit before that. Let's see how things go after NFP.
  • #4,911
  • Feb 3, 2017 3:22am Feb 3, 2017 3:22am
Quoting CrocodileRex
It's NFP day, i doubt there will be any levels hit before that. Let's see how things go after NFP.
ya.. True. Most of the activity would be post NFP and then we have PMI later in the day
  • #4,912
  • Feb 3, 2017 3:35am Feb 3, 2017 3:35am
UJ triggered? One trade is triggered. Is another limit still apply? (long limit)
  • #4,913
  • Feb 3, 2017 3:35am Feb 3, 2017 3:35am
DollarCad is quite near entry though. Keep a watch on it.
  • #4,914
  • Feb 3, 2017 3:42am Feb 3, 2017 3:42am
Quoting andrern2000
UJ triggered? One trade is triggered. Is another limit still apply? (long limit)
Didn't have any UJ trade triggered now. What entry point are yours?
  • #4,915
  • Feb 3, 2017 4:28am Feb 3, 2017 4:28am
since today is NFP do we close all pending trades before then?
  • #4,916
  • Feb 3, 2017 4:31am Feb 3, 2017 4:31am
Quoting Trader-Dale
{quote} what do you mean CANCEL YOUR SL??? Never never never do it again! You can set it up for example for 20-50 pips if you want to but there always must be a SL! Do you know that if there was a black swan you could easily end up with a account in red numbers? (owning money to your broker!!!) I know people who had to sell their houses to pay their broker after CHF black swan or GBP flash crash (not so long ago!). Please guys! Always use SL!
My apologies, it won't happen again. That was very irresponsible of me.
  • #4,917
  • Feb 3, 2017 5:08am Feb 3, 2017 5:08am
UC Just like clock work! Awesome Dale thank you sir!
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  • #4,918
  • Feb 3, 2017 5:09am Feb 3, 2017 5:09am
Quoting Beacon
{quote} Didn't have any UJ trade triggered now. What entry point are yours?
Sorry, I thought when Dale tells us about Asian session.
  • #4,919
  • Feb 3, 2017 5:10am Feb 3, 2017 5:10am
UCAD missed by 0.6 pips.
This is getting frustrating
Anyway. Next!
Akif,
  • #4,920
  • Feb 3, 2017 5:13am Feb 3, 2017 5:13am
Quoting akift
UCAD missed by 0.6 pips. This is getting frustrating Anyway. Next! Akif,
mine missed by 0,3 at first and by 0,6 later on.. pity..
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