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Trader Dale - daily trading levels

  • #4,921
  • Feb 3, 2017 5:14am Feb 3, 2017 5:14am
Mine miss by 0.4. I hate this UC spread....
  • #4,922
  • Feb 3, 2017 5:28am Feb 3, 2017 5:28am
USDCAD trigerred, exact reaction
currently at BE, moved SL at -2 pips just couple pips above reaction
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-m1-pepperstone-group-limited.png Size: 41 KB
  • #4,923
  • Feb 3, 2017 5:28am Feb 3, 2017 5:28am
You have to account for the spread when you trade these.

I've stopped trading UCAD due to the spread (often 3 pips on my broker) but if you do, you have to add the spread to your long entry and accept a stoploss of 12 + the spread.

Likewise on shorts, you have to take the spread off your TP level.

If the spread is too big, this system cannot work as there is such a small take profit.
  • #4,924
  • Feb 3, 2017 5:31am Feb 3, 2017 5:31am
Quoting marindosidah
since today is NFP do we close all pending trades before then?
Definitely, I am going to.
Take 1 step forward, two small steps back
  • #4,925
  • Feb 3, 2017 5:43am Feb 3, 2017 5:43am
Quoting Jako
Hi guys - just wanted to share something really positive with you. I've started taking Dale's levels a week ago. In this time I have earned 86 pips which is much more than I've ever done. I would add that these have all been with preset orders - I do not have the ability or time to monitor my charts all day. This means I have had this success while still ignoring rules like if the level is tested to scrap the order and I've also been ignoring red news and speakers. I simply let the orders run until the following levels are published. (not that I...
Hello Jako, Could you tell me please your success rate so far? Thanks a lot! (your post 13 Jan)
  • #4,926
  • Feb 3, 2017 5:57am Feb 3, 2017 5:57am
Quoting marindosidah
since today is NFP do we close all pending trades before then?
Yep. Delete the pending order. Nfp ahead..
Risk comes from not knowing what you're doing.
  • #4,927
  • Feb 3, 2017 6:13am Feb 3, 2017 6:13am
Quoting mtorr
UC Just like clock work! Awesome Dale thank you sir! {image}
Did it hit the TP for you? I am still in it. How about rest?
  • #4,928
  • Feb 3, 2017 6:17am Feb 3, 2017 6:17am
Quoting brink
{quote} Did it hit the TP for you? I am still in it. How about rest?
I'm still in - will probably take a loss before upcoming news.
  • #4,929
  • Feb 3, 2017 6:17am Feb 3, 2017 6:17am
Quoting brink
{quote} Did it hit the TP for you? I am still in it. How about rest?
still in and it's not looking good.
  • #4,930
  • Feb 3, 2017 6:26am Feb 3, 2017 6:26am
I am also still in the USDCAD trade. How long before NFP do you advise to close open trades and pending orders?
  • #4,931
  • Feb 3, 2017 6:29am Feb 3, 2017 6:29am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 73 KB


Some traders avoid NFP and FOMC days like the plague.
Other traders are chomping at the bit for NFP and FOMC days.
BRING IT ON!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,932
  • Feb 3, 2017 6:44am Feb 3, 2017 6:44am
Quoting Trader-Dale
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 3.2. table.png;2170599 {image}
It's time to close my pending orders, my UC triggered but i'm closing it now, i dont want to spoil my weekend. Its better to kick myself for closing a winnining trade, than having to do it on lossing one. Good luck and green pips to everyone trading the NFP. Thank you Dale for this week. Have a great weekend
  • #4,933
  • Feb 3, 2017 7:05am Feb 3, 2017 7:05am
Quoting TooSlow
TooSlow.png;2171021 Some traders avoid NFP and FOMC days like the plague. Other traders are chomping at the bit for NFP and FOMC days. BRING IT ON! {image}
:-) am keeping an eye on it, noticed that the market has gone into consolidation with a lot of sudden swings. How long do you leave it before you enter into a trade after the news? 5 minutes? 15 minutes?
Take 1 step forward, two small steps back
  • #4,934
  • Feb 3, 2017 7:06am Feb 3, 2017 7:06am
Quoting TooSlow
TooSlow.png;2171021 Some traders avoid NFP and FOMC days like the plague. Other traders are chomping at the bit for NFP and FOMC days. BRING IT ON! {image}
ok let see you make your live trade call..............................................................................................................................
  • #4,935
  • Feb 3, 2017 7:33am Feb 3, 2017 7:33am
Adrenaline junkies got their +10 in UJ
Not me.
Akif,
  • #4,936
  • Feb 3, 2017 7:37am Feb 3, 2017 7:37am
Quoting akift
Adrenaline junkies got their +10 in UJ Not me. Akif,
No way keeping that pending order open before NFP. Don't make sense even if for the adrenaline.
  • #4,937
  • Feb 3, 2017 7:37am Feb 3, 2017 7:37am
Guyzz....did it jump

because of the NFP , which was Green ??

or

the Unemployment Rate , which was red ??


which one is the 'bigger' trigger ?
  • #4,938
  • Feb 3, 2017 7:38am Feb 3, 2017 7:38am
OHHH man, i deleted my orders before news, but news react perfectly to the levels. Iam trading 20/20 it could be 60 pips +..... My god :-/
  • #4,939
  • Feb 3, 2017 7:40am Feb 3, 2017 7:40am
Quoting Gazilion
OHHH man, i deleted my orders before news, but news react perfectly to the levels. Iam trading 20/20 it could be 60 pips +..... My god :-/
take that setup 100 times and you will lose money
  • #4,940
  • Feb 3, 2017 7:40am Feb 3, 2017 7:40am
Got it 2x

Attached Image (click to enlarge)
Click to Enlarge Name: gotit.png Size: 44 KB
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