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Trader Dale - daily trading levels

  • #5,201
  • Feb 9, 2017 9:06am Feb 9, 2017 9:06am
Quoting suirad0
be awere of Short level at USDJPY, moving 50 pips in 3 minutes, no red news, someone is tweeting ? Edit: here's the news "Heads up... We're hearing that Trump is going to announce tax changes in the next few weeks."
yea out with BE.
  • #5,202
  • Feb 9, 2017 9:08am Feb 9, 2017 9:08am
UJ went ballistic guyz...warning
  • #5,203
  • Feb 9, 2017 9:09am Feb 9, 2017 9:09am
Quoting radaway
UJ went ballistic guyz...warning
Its a Trump tweet again *sighs*
If this game wasn't hard enough before the Donald......
  • #5,204
  • Edited 3:20pm Feb 9, 2017 9:17am | Edited 3:20pm
aaarrgghh this time I didn't join a monster-move and it goes TP !
Attached Image
  • #5,205
  • Feb 9, 2017 9:22am Feb 9, 2017 9:22am
I dont get it. I Think one should be greatfull that you Dale are provideing us with those levels (spoonfeeding us). And should not demand for any other proof of concept (tabels or what not). If they dont want to follow then dont read it simple as that. Otherwise make it work.
  • #5,206
  • Feb 9, 2017 9:33am Feb 9, 2017 9:33am
Damn that would have been TP in about 1 min
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So many in the Commercial section want to make me rich! :o
  • #5,207
  • Feb 9, 2017 9:35am Feb 9, 2017 9:35am
Dale how can we protect ourself with trump tweeting ? i already build in not to trade during news but now...?
  • #5,208
  • Edited 10:46am Feb 9, 2017 10:09am | Edited 10:46am
Quoting firsttimer
{quote} yea out with BE.
I scalped it and came out with a little profit :-)
Edit: grabbed a couple of more Scalps just to get the heart racing! great fun!
Take 1 step forward, two small steps back
  • #5,209
  • Feb 9, 2017 10:26am Feb 9, 2017 10:26am
Quoting mounir90
Dale how can we protect ourself with trump tweeting ? i already build in not to trade during news but now...?
Trump is a wild card. Unexpected tweets, market moves etc...Only thing you can do is not to trade against spike moves and be more more cautious of such moves.
  • #5,210
  • Feb 9, 2017 10:29am Feb 9, 2017 10:29am
It was okay not to trade the usd/jpy level. Congratz to those who took it though! USD/JPY is quite profitable pair for the last few days. I start to like it (apart from usd/cad that is not very good these days - at least during eu sessions)
  • #5,211
  • Feb 9, 2017 10:39am Feb 9, 2017 10:39am
Quoting mounir90
Dale how can we protect ourself with trump tweeting ? i already build in not to trade during news but now...?
Sell Twitter stock, go around on internet and spread a rumor, that Twitter is finally bancrupted (not a lie, cause they havent seen profit all those years), maybe it pushes Twitter into chaos and going down. So the orange clown canīt turn the markets upside down every minute he feels like it. Damn hooligan!
Please add more indicators, I still see the real price! Thanks!
  • #5,212
  • Feb 9, 2017 10:59am Feb 9, 2017 10:59am
This is how I see EUR/USD long term:
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  • #5,213
  • Feb 9, 2017 11:04am Feb 9, 2017 11:04am
Quoting Trader-Dale
It was okay not to trade the usd/jpy level. Congratz to those who took it though! USD/JPY is quite profitable pair for the last few days. I start to like it (apart from usd/cad that is not very good these days - at least during eu sessions)
I think the 7 Feb UC badgering was out the EU session. ...It's just gone bad
  • #5,214
  • Feb 9, 2017 11:06am Feb 9, 2017 11:06am
Quoting Trader-Dale
{quote} Trump is a wild card. Unexpected tweets, market moves etc...Only thing you can do is not to trade against spike moves and be more more cautious of such moves.
Perfect example of why we should ALWAYS use SL. No naked trades.
I might be asking for a scolding here, but I used Dale's first UJ Short level (112.33) as a support after it was solidly breached (before the trump jump) and based on 4h chart and rode it all the way up for +50. This is how I use Dale's levels to enhance my own experience and risk tolerance levels. Thank you very much, Dale, for opening my eyes to futures volume profiling and sharing your ideas here with everyone for FREE.
  • #5,215
  • Feb 9, 2017 11:31am Feb 9, 2017 11:31am
My today trades:
USD/JPY 2X profit in asian session,
EU - no trade - tested sooner (if taken would be profit)
JPY in US session - didn't take (spike). (if taken would be profit)
  • #5,216
  • Feb 9, 2017 11:39am Feb 9, 2017 11:39am
Quoting Hajdi
I dont get it. I Think one should be greatfull that you Dale are provideing us with those levels (spoonfeeding us). And should not demand for any other proof of concept (tabels or what not). If they dont want to follow then dont read it simple as that. Otherwise make it work.
Every time someone comes with an idea to make the whole thing better, everyone becomes offensive and jumps in with this argument: if you don't like it go away.

I don't demand proof of concept but I did in the past and Trade-Dale made a huge progress this year in this direction. He is more transparent and explains his trades. I am very grateful for this and I am sure many others like it.

What I am suggesting is this:
- Stop posting winning or losing trades that are against the rules of the system.
- Never congratulate someone for taking a trade if it's against the rules even if it was a winner.

Did the euro level work? Yes, but it was against the rules because it was already tested.
Did the yen level work? Yes, but it was against the rules because of a big spike.

Winners or losers, taking those trades is bad behavior and if you would have a boss you would feel his kick.
Actually in other threads the OP would ban traders if they would step outside the rules of the system.
  • #5,217
  • Feb 9, 2017 11:46am Feb 9, 2017 11:46am
Quoting mindspeculat
{quote} Every time someone comes with an idea to make the whole thing better, everyone becomes offensive and jumps in with this argument: if you don't like it go away. I don't demand proof of concept but I did in the past and Trade-Dale made a huge progress this year in this direction. He is more transparent and explains his trades. I am very grateful for this and I am sure many others like it. What I am suggesting is this: - Stop posting winning or losing trades that are against the rules of the system. - Never congratulate someone for taking a...
The rules aren't set in stone for everyone. Many of us choose to follow them just the way they are. Others may bend them a bit to suit their style. Trading tested levels sometimes gives profit. It's up to the individual to take the risk or not.

I'm quoting this from Dale's Trading Rules: "These rules can be sort of a starting point for you. You can develop your own trading style and approach using my levels."
  • #5,218
  • Feb 9, 2017 12:11pm Feb 9, 2017 12:11pm
Quoting mindspeculat
{quote} ...What I am suggesting is this: - Stop posting winning or losing trades that are against the rules of the system. - Never congratulate someone for taking a trade if it's against the rules even if it was a winner...
I agree with the spirit of your post, but think it might have been taken just a bit too far. Probably because of Hajdi's use of the word "demand" when you were simply adding additional suggestions to another poster's earlier request. Truth is, Dale's system is not really a system, just a posting of potential intraday levels and a rough framework for utilizing those levels. In fact, my exp with forex tells me hard-and-fast rules will almost certainly lose money over the long run. This market demands flexibility and the ability to interpret a vast array of market conditions so you can shift gears at a moment's notice.

Quoting mindspeculat
{quote} ...Winners or losers, taking those trades is bad behavior and if you would have a boss you would feel his kick...
Most of us trade forex because we do not want a "boss". We want the independence to make our own decisions and reap the rewards or take the losses knowing we are the only ones to congratulate/blame. This is how we learn, grow, and most importantly, Innovate.
  • #5,219
  • Feb 9, 2017 1:01pm Feb 9, 2017 1:01pm
Quoting Trader-Dale
{quote} Trump is a wild card. Unexpected tweets, market moves etc...Only thing you can do is not to trade against spike moves and be more more cautious of such moves.
Just dont trade when Donald Duck is awake..
  • #5,220
  • Feb 9, 2017 1:12pm Feb 9, 2017 1:12pm
Quoting mounir90
{quote} Just dont trade when Donald Duck is awake..
Maybe that could be a factor of why the Asian session works so well lately
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