Trader Dale - daily trading levels | Page 291 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Pinbar trader EA - Trading pinbars off weekly S&R levels 435 replies

Are you a trend trader or a counter-trend trader? 29 replies

RS levels and physic levels are in indicator (created) 3 replies

IkonFX Viking Trader or Pfgbest Viking Trader? 2 replies

Attachments: Trader Dale - daily trading levels
Exit Attachments

Trader Dale - daily trading levels

  • #5,801
  • Feb 24, 2017 6:18am Feb 24, 2017 6:18am
Quoting DrBeercan
Friday's are a slooooowwww day.. might be soon time to give up and go to the pub! First round on me Ziggy!
that depends on what you trade This is my favourite instrument, the dax - luvvly jubbly today
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-02-24_1217.png Size: 92 KB
  • #5,802
  • Feb 24, 2017 6:30am Feb 24, 2017 6:30am
Quoting ziggy
{quote} that depends on what you trade This is my favourite instrument, the dax - luvvly jubbly today {image}
Oh yes lovely DAX I have many over many times tears and joy over that little lady! I'll have to PM you later when I finish work to talk about your strategy on DAX but for me at the moment she is a very expensive lady to keep on Oanda but IG is better.
Take 1 step forward, two small steps back
  • #5,803
  • Feb 24, 2017 7:07am Feb 24, 2017 7:07am
Aud -12.
  • #5,804
  • Feb 24, 2017 7:21am Feb 24, 2017 7:21am
Quoting CrocodileRex
Aud -12.
i was looking at the trend for February and trying to find the reason for not so great month. If you look at daily chart for AU ( I think AU has the worst performance - may be ziggy can confirm) , there is no trend. It is green and red on almost alternate days. Dales level are biased towards the trend as he mentioned in earlier posts.

I may may be wrong but that's what I observe
  • #5,805
  • Feb 24, 2017 7:38am Feb 24, 2017 7:38am
Quoting brink
{quote} i was looking at the trend for February and trying to find the reason for not so great month. If you look at daily chart for AU ( I think AU has the worst performance - may be ziggy can confirm) , there is no trend. It is green and red on almost alternate days. Dales level are biased towards the trend as he mentioned in earlier posts. I may may be wrong but that's what I observe
I believe historically February is a bad month similar to the quiet times over the summer break all round we also have many factors in play causing pulls and twists. Roll on March as I want to get this month behind me and onto the new!
Take 1 step forward, two small steps back
  • #5,806
  • Feb 24, 2017 7:58am Feb 24, 2017 7:58am
January was a great month ... until Trump happened.

It's been a bit wobbly since then.
  • #5,807
  • Feb 24, 2017 8:03am Feb 24, 2017 8:03am
Quoting brink
{quote} i was looking at the trend for February and trying to find the reason for not so great month. If you look at daily chart for AU ( I think AU has the worst performance - may be ziggy can confirm) , there is no trend. It is green and red on almost alternate days. Dales level are biased towards the trend as he mentioned in earlier posts. I may may be wrong but that's what I observe
that's going to be dependent upon so many variable, like did you take every trade day and night, did everyone consider the same trades tested, did you get on those that just touched the level, did you get the PT that just touched the level.......

On my data taking all aussie is -50 at the -12/+10 approach, but positive BE on 20/20 and the alternative approach
Cad -40, -20 on 20/20 and +2 on the alternative approach
Euro is an oddball, +24 on -12/+10, but 120 on 20/20 and +17 on the alternative approach
Yen even more so, +76 on -12/+10, but -40 on 20/20 and +24 on the alternative approach

All in all a mixed bag and you cant really say anything other than Feb has been a harder month to trade
  • #5,808
  • Feb 24, 2017 8:17am Feb 24, 2017 8:17am
Okay, next one AU !
  • #5,809
  • Feb 24, 2017 8:25am Feb 24, 2017 8:25am
don't you hate it when this happens........ trade came at news time, I bet someone out there is feeling lucky
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-02-24_1422.png Size: 41 KB
  • #5,810
  • Feb 24, 2017 8:28am Feb 24, 2017 8:28am
Quoting ziggy
don't you hate it when this happens........ trade came at news time, I bet someone out there is feeling lucky {image}
yep but there are many a bus to catch down to rich st! :-P what was that move on? Do you also watch Forex strength to confirm your trades btw?
Take 1 step forward, two small steps back
  • #5,811
  • Feb 24, 2017 8:38am Feb 24, 2017 8:38am
Quoting DrBeercan
{quote} yep but there are many a bus to catch down to rich st! :-P what was that move on? Do you also watch Forex strength to confirm your trades btw?
Canadian CPI much stronger than expected, don't use strength meters or anything else, over the years I've found the MkI eyeball to be the best indicator (I've said that before and been asked for the indicator hahahaha)

In the AU trade and am anticipating moving my stop at the close of this current 5 min bar
  • #5,812
  • Feb 24, 2017 8:47am Feb 24, 2017 8:47am
Quoting swingtrade65
Swing Trade on Daily USDJPY :I am selling right here 112.88 SL: 113.46 TP: 112.06
Target Hit for +86
Plan, Prepare, Execute, Repeat
  • #5,813
  • Feb 24, 2017 8:52am Feb 24, 2017 8:52am
congrats! how did you get that 112.06 level, please? i had tp @112.40


Quoting swingtrade65
{quote} Target Hit for +86
Reading coffee grounds..
  • #5,814
  • Feb 24, 2017 8:53am Feb 24, 2017 8:53am
Quoting kenlionheart
January was a great month ... until Trump happened. It's been a bit wobbly since then.
speaking of Trump, he speaks in 10 minutes. Not sure if you guys knew this. They just added it.
  • #5,815
  • Feb 24, 2017 8:53am Feb 24, 2017 8:53am
Quoting swingtrade65
{quote} Target Hit for +86
luvvly jubbly - that'll see you over the weekend nicely I hope
  • #5,816
  • Feb 24, 2017 9:04am Feb 24, 2017 9:04am
Quoting ziggy
{quote} Canadian CPI much stronger than expected, don't use strength meters or anything else, over the years I've found the MkI eyeball to be the best indicator (I've said that before and been asked for the indicator hahahaha) In the AU trade and am anticipating moving my stop at the close of this current 5 min bar
Lol! does your Mk1 Eyeball also come with an alert in mobile text and email! :-P though of course your Mk3 version might also provide you with the luxury of leather when the new version of Cortina was released! Still developing my eye and slowly but surely I am seeing it..

That's interesting, I usually use gold for AU and Oil for UC. Might put a cross comparison in later for CPI.

Cheers Buddy.. one day I will buy you a drink and we both have to buy Dale one!
Take 1 step forward, two small steps back
  • #5,817
  • Feb 24, 2017 9:24am Feb 24, 2017 9:24am
I'm done for the week, will just see out the aussie trade and then close down for the weekend. Been an ok trading week for me, hope you've managed a good one. Happy that I've completed my test on the data, I now have a way of trading the levels that I know I wont tinker with and suits my personality.

See you all Monday, have a great weekend folks
  • #5,818
  • Feb 24, 2017 10:59am Feb 24, 2017 10:59am
Quoting ziggy
I'm done for the week, will just see out the aussie trade and then close down for the weekend. Been an ok trading week for me, hope you've managed a good one. Happy that I've completed my test on the data, I now have a way of trading the levels that I know I wont tinker with and suits my personality. See you all Monday, have a great weekend folks
Have a good one, and thanks again for your retroperspective work !!!
  • #5,819
  • Feb 24, 2017 11:00am Feb 24, 2017 11:00am
For me this week I have entered 12 trades, 8 winners, 3 losses and am still in EU short. I've used VWAP as a target on a higher time frame following a reaction and a break from a previous VWAP/ 'area of batttle'.
I will wait for EU until close of NY as I don't like to keep trades open for the weekend.. but a little proud of myself for surviving the week without going crazy with trades!

Thank you for this weeks levels (for me targets) this week Dale.

May you all have a fantastic weekend and really looking forward to next week to trade some more
Take 1 step forward, two small steps back
  • #5,820
  • Feb 24, 2017 11:17am Feb 24, 2017 11:17am
Thanks Dale. Have a great weekend. Not a great week as the last one but still in green and that's what matters. AudNzd didn't go well. I exited right before the capex numbers from Australia and took the loss. Had I just waited few more minutes. !!!!
0 traders viewing now