just a reminder, we have US unemployment claims in 15 mins and EU is very close to the level, be preapred to cancel your orders unless you are prepared to take on the news
There is a nice swing trade level on NZD/USD. Can you find it guys?
Ignored
I don't know about swings, i think those are, longer window trades. have to read those.
iplaced lot of short entries around 0.7230 few hours ago. let see. i might be terrible wrong. and it can be perfect long entry.
I can't see so accurate like you Dale.
out NU, my entries where fibo extension 161.8% 0.7230-0.7233 scaled in, and out from 1 min ema34. if looking 1 min chart it can maybe call somekind of swing,
anyhow entries were based levels, not only fibo.
Ziggy - you said before that trading Dale's levels with 20:20 SL:TP avoiding news and tested levels gives you a 64% win rate - I assume that's on set and forget basis right?
Ziggy - you said before that trading Dale's levels with 20:20 SL:TP avoiding news and tested levels gives you a 64% win rate - I assume that's on set and forget basis right?
Ignored
that's right Jacko, judgement regarding news & tests prior to entry, after that set & forget, except to say if the chart gets 20 pips up but doesn't PT because of spread, I move the stop to BE. That is because there is nothing that would annoy me more than missing a PT by the spread and then taking a full loss.
If I take a profit(or level is tested) can you use this level again the next day? Or once is tested/traded you never trade it again?
Ignored
We are advised not to trade a level on retest... However, I've noticed a level though in rare cases can again emerge as a strong level a few days or weeks later as a result of price action backed by repeated impact of high volume....
Trader Dale - daily trading levels
