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Trader Dale - daily trading levels

  • #6,481
  • Mar 24, 2017 9:02am Mar 24, 2017 9:02am
Quoting kenlionheart
This is the first time in the thread that I saw 3 losses in a row: AU, UJ, AU. But it's still very normal compared to the longer win streaks.
Ok it was 3 losses in a row - then followed by another two losses: AU and EU.

5 losses in a row.

UJ was a winner but didn't trigger - I'm acounting it as the win to break the losing streak.
  • #6,482
  • Mar 24, 2017 9:05am Mar 24, 2017 9:05am
Trader-Dale,

I wanted to ask, how often do you see a streak of 5 losses in a row?

What's the biggest losing streak you have seen?

What's the biggest drawdown you have had?
Many thanks and keep up the great work.
  • #6,483
  • Edited 9:55am Mar 24, 2017 9:24am | Edited 9:55am
Fiuhh hit SL -12, EURAUD (post 6455) .....

Still learning ... last for this week (if not hit this day, cancel the level). Test TP 10, SL 13.
EURCAD : short 1.4472, 1.4496 // long 1.4389

Thanks Dale for this thread
Follow the flow of water in a stream
  • #6,484
  • Mar 24, 2017 10:48am Mar 24, 2017 10:48am
Quoting kenlionheart
{quote} Ok it was 3 losses in a row - then followed by another two losses: AU and EU. 5 losses in a row. UJ was a winner but didn't trigger - I'm acounting it as the win to break the losing streak.
Hi kenlionheart maybe this figure helps in a more general way.
Credit where it's due. It was taken from the guys in TradeCiety site.
Cheers and green pips.
Thank you for the great thread Dale.
Attached Image
  • #6,485
  • Mar 24, 2017 12:03pm Mar 24, 2017 12:03pm
Quoting kenlionheart
{quote} Ok it was 3 losses in a row - then followed by another two losses: AU and EU. 5 losses in a row. UJ was a winner but didn't trigger - I'm acounting it as the win to break the losing streak.
To reflect this, and your next question........ It's Friday!!!
Day of spikes and robbing.
If you trade it - just a bit and reverse, hedge....
Beware of robber banks (RB), bad advisors.
  • #6,486
  • Mar 24, 2017 12:37pm Mar 24, 2017 12:37pm
Quoting oldflatop
{quote} Hi kenlionheart maybe this figure helps in a more general way. Credit where it's due. It was taken from the guys in TradeCiety site. Cheers and green pips. Thank you for the great thread Dale. {image}
Thank you. Yes I'm well aware of that hence I'm still a keen follower.

I use the chart I have attached (credit to Trader Dante). It's the probabilities over 50 trades (and they are much higher).

But never the less, I would like to know what are the "worst case scenarios" and biggest drawdowns that Dale has experienced over the years.

We have only seen several months worth of trading. Dale has traded this for some years.

I think it's smart to know the biggest Drawdowns of any strategy you wish to trade, so you can plan accordingly.
Attached Image (click to enlarge)
Click to Enlarge Name: Probability Chart.JPG Size: 147 KB
  • #6,487
  • Mar 24, 2017 12:57pm Mar 24, 2017 12:57pm
please dale can you post results for this month and last month please we need to keep track
  • #6,488
  • Mar 24, 2017 2:16pm Mar 24, 2017 2:16pm
Quoting kenlionheart
{quote} Thank you. Yes I'm well aware of that hence I'm still a keen follower. I use the chart I have attached (credit to Trader Dante). It's the probabilities over 50 trades (and they are much higher). But never the less, I would like to know what are the "worst case scenarios" and biggest drawdowns that Dale has experienced over the years. We have only seen several months worth of trading. Dale has traded this for some years. I think it's smart to know the biggest Drawdowns of any strategy you wish to trade, so you can plan accordingly. {image}...
Dale had a trade explorer at one point. Don't you remember?
So many in the Commercial section want to make me rich! :o
  • #6,489
  • Mar 24, 2017 9:13pm Mar 24, 2017 9:13pm
Friday recap,
UC +12
EU +10
UJ +11

the UC trade was not one of TDs levels, I cancelled the first short EU since I thought
the price was a bit close to the the level a short time before PMI release from France and Germany.
UJ I got in at market or else it would not have triggered.
A bit of discretion is good just before news releases.

Thanks Dale, learning something ever day
Have a great weekend!
Failure to plan, is a plan to failure...
  • #6,490
  • Edited 1:46am Mar 27, 2017 12:30am | Edited 1:46am
Quoting Trader-Dale
I made a new Daily levels commentary video guys. Have a look. I added some music so it wasn't so boring I hope you like it. https://www.youtube.com/watch?v=eystJDs7X3c

Hi Dale those are not booring, I wish you don't use music in background its less clear, if your mic record levels are high and distort voice quality.
Anyhow thanks for having your precious time for creating those.
  • #6,491
  • Mar 27, 2017 1:29am Mar 27, 2017 1:29am
That was some big gaps between Friday close and market open last night! Probably trades are going to need some watching today. Not sure if anyone agrees?
Take 1 step forward, two small steps back
  • #6,492
  • Mar 27, 2017 2:09am Mar 27, 2017 2:09am
Dale is a great trader, he does not need to track anything nor account for his performance. Friday I choose which trades to take based upon my own experience and they were all winners. If you follow Dale use your brain, be selective. Just following like a dog is lazy. Dale has been kind enough to educate you. Show some gratitude and do some work to make Dales calls even better.

Dale you are the man total respect for you.
  • #6,493
  • Mar 27, 2017 3:00am Mar 27, 2017 3:00am
Quoting spynoza
Fiuhh hit SL -12, EURAUD (post 6455) ..... Still learning ... last for this week (if not hit this day, cancel the level). Test TP 10, SL 13. EURCAD : short 1.4472, 1.4496 // long 1.4389 Thanks Dale for this thread

EURCAD TP +10 short 1.4496,
but miss to take 1.4472..... and now cancel long 1.4389
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad.png Size: 130 KB
Follow the flow of water in a stream
  • #6,494
  • Mar 27, 2017 3:21am Mar 27, 2017 3:21am
Hello guys, new levels for today!
Not much new Iam afraid. We will have to wait for new levels to form.
Attached Image (click to enlarge)
Click to Enlarge Name: 27.3. print.png Size: 186 KB
  • #6,495
  • Mar 27, 2017 3:34am Mar 27, 2017 3:34am
the GU short swing is crushing me, -488 pips almost touching the stoploss shown in your video
  • #6,496
  • Mar 27, 2017 4:18am Mar 27, 2017 4:18am
Quoting dttsomh
the GU short swing is crushing me, -488 pips almost touching the stoploss shown in your video
-488? how come that much? SL was hit today with -150 pips. If you arent out of it yet I suggest you wait and see where today close is. If it closes above 1.2569 I would close the position.
  • #6,497
  • Mar 27, 2017 4:18am Mar 27, 2017 4:18am
Today's Daily levels commentary. Enjoy my friends!
https://www.youtube.com/watch?v=9uOX5HiSmq8
  • #6,498
  • Mar 27, 2017 4:19am Mar 27, 2017 4:19am
Quoting Hurst
Dale is a great trader, he does not need to track anything nor account for his performance. Friday I choose which trades to take based upon my own experience and they were all winners. If you follow Dale use your brain, be selective. Just following like a dog is lazy. Dale has been kind enough to educate you. Show some gratitude and do some work to make Dales calls even better. Dale you are the man total respect for you.
thanks mate
  • #6,499
  • Mar 27, 2017 4:19am Mar 27, 2017 4:19am
Quoting S1-1
Friday recap, UC +12 EU +10 UJ +11 the UC trade was not one of TDs levels, I cancelled the first short EU since I thought the price was a bit close to the the level a short time before PMI release from France and Germany. UJ I got in at market or else it would not have triggered. A bit of discretion is good just before news releases. Thanks Dale, learning something ever day Have a great weekend!
very nice! Congratulations!
  • #6,500
  • Mar 27, 2017 4:21am Mar 27, 2017 4:21am
Quoting marindosidah
please dale can you post results for this month and last month please we need to keep track
Last month is THERE (http://trader-dale.com/february-summary/). I will publish this month summary at the end of this month.
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