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Trader Dale - daily trading levels

  • #6,501
  • Mar 27, 2017 4:36am Mar 27, 2017 4:36am
Quoting kenlionheart
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.
Hi,
I think that 5 was the highest, I would say once in 6 months or more this could happen.
  • #6,502
  • Mar 27, 2017 4:43am Mar 27, 2017 4:43am
Quoting Trader-Dale
{quote} -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.
Thanks, well I have 3 smaller positions rather than one larger one. I'll take your advice thanks again.
  • #6,503
  • Mar 27, 2017 5:19am Mar 27, 2017 5:19am
I'll try EU. short 1.0893
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 186 KB
Follow the flow of water in a stream
  • #6,504
  • Mar 27, 2017 5:20am Mar 27, 2017 5:20am
Quoting dttsomh
{quote} Thanks, well I have 3 smaller positions rather than one larger one. I'll take your advice thanks again.
How do you keep the positions open overnight? I am with Interactive broker and they charge me interest rate (irrespective if I am long /short) and that is not a small amount..
  • #6,505
  • Mar 27, 2017 8:46am Mar 27, 2017 8:46am
Quoting MarianneOslo
i Trader Dale! I have a question abouth the video you made abouth GBP/USD. Do you still belive in this? The question also is how big the volume was from1. 2365 area to 1.25 on the way up again? What do you think? I can not see the volume myself and found Your video abouth the huges horter volume in the area 12568 to 1.2410 very interesting

I asked you abouth your swing trade in the USD/GPB and your comments abouth the volume in this par. You mistaked in this but you dident even bother to answer.Are you only commenting your positive trades and ignoring the negative? Luckily I did not follow this. Eveneone makes mistakes but why not also comment the mistakes ones.
  • #6,506
  • Mar 27, 2017 8:57am Mar 27, 2017 8:57am
Quoting MarianneOslo
{quote} I asked you abouth your swing trade in the USD/GPB and your comments abouth the volume in this par. You mistaked in this but you dident even bother to answer.Are you only commenting your positive trades and ignoring the negative? Luckily I did not follow this. Eveneone makes mistakes but why not also comment the mistakes ones.
Sometimes it happens that it is just too much for me and I look some comment over or forget to anwer some question. Sorry about that but please don't say that I don't comment on losing trades because I do comment on them. Just today I wrote here at this thread that I took full 150 pip SL at gbp/usd.
  • #6,507
  • Mar 27, 2017 8:59am Mar 27, 2017 8:59am
Have a look guys, I was writing a bit and I have just published 8 new articles about trading! Enjoy!
Articles are HERE (http://trader-dale.com/category/articles/)
  • #6,508
  • Mar 27, 2017 9:01am Mar 27, 2017 9:01am
Quoting spynoza
I'll try EU. short 1.0893 {image}
Hit SL -12, but I believe reversal in this area, enter short again @1.0898 hit TP +15
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 192 KB
Follow the flow of water in a stream
  • #6,509
  • Mar 27, 2017 9:23am Mar 27, 2017 9:23am
Quoting Trader-Dale
Have a look guys, I was writing a bit and I have just published 8 new articles about trading! Enjoy! Articles are HERE (http://trader-dale.com/category/articles/)
Wow, you have been busy :-)
Looking forward to read them all,
Thanks, much appreciated.

Ed
Failure to plan, is a plan to failure...
  • #6,510
  • Mar 27, 2017 9:40am Mar 27, 2017 9:40am
Quoting Trader-Dale
Have a look guys, I was writing a bit and I have just published 8 new articles about trading! Enjoy! Articles are HERE (http://trader-dale.com/category/articles/)
some sound advice in there Dale I guess I fall into the massive backtest category
I like the idea if trading a small real amount rather than a big demo amount, you just know no matter how good your prep that a losing run is going to start just at the moment you put real money to it, so might as well get it over & done with! I think demo trading can be dangerous in that you kid yourself you'd have done something different on a real acct, the P&L doesn't lie
  • #6,511
  • Mar 27, 2017 10:13am Mar 27, 2017 10:13am
new level: eur/usd 1.0868 long.
Did you guys spot it too?
  • #6,512
  • Mar 27, 2017 10:41am Mar 27, 2017 10:41am
Quoting Trader-Dale
new level: eur/usd 1.0868 long. Did you guys spot it too?
Hi Dale, I do see it now since you have mentioned it but my level is 2 pips below yours. How about the Long level at 1.0845?
  • #6,513
  • Mar 27, 2017 11:00am Mar 27, 2017 11:00am
Quoting brink
{quote} Hi Dale, I do see it now since you have mentioned it but my level is 2 pips below yours. How about the Long level at 1.0845?
I miss stronger rejection of lower prices there. The low there is weak as I write in one of my new articles . I also miss higher volumes there.
  • #6,514
  • Mar 27, 2017 11:03am Mar 27, 2017 11:03am
Yes Dale, Brink.....
But mine, slightly below. Long 1.0862 & 1.0843
Follow the flow of water in a stream
  • #6,515
  • Mar 27, 2017 11:51am Mar 27, 2017 11:51am
Quoting Trader-Dale
{quote} -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.

wow, i would never consider a trade with a 150 pip stop loss let alone letting it run to -488pips! It was kind of obvious that once it broke back above the 1.2142 level that the trade was likely to be not valid, and for sure when it broke over 1.2175 that it should be closed. Even that is a 30 pip stop which is too much for me, even on swing trades. Bu then i prefer quick trades, no swap cost, larger lot size.

i hope my attached picture comes through because it seems pretty clear to me. However i am aware that in hindsight all trading is easy and I do not trade GU
Attached Image
  • #6,516
  • Mar 27, 2017 12:10pm Mar 27, 2017 12:10pm
Hi guys, just want to say that there were 3 good trades today on the 15m chart: 6h30 gmt buy, 12h15 gmt buy and 16h45 gmt sell. For a clearer picture why I say this take a look at the Heiken Ashi chart and look at the 15m bar in relation to the 4/5 bars before it.
  • #6,517
  • Mar 27, 2017 12:22pm Mar 27, 2017 12:22pm
You need to have an exact signal and that is ONE BAR ONLY, depending on its position in the W (buy) formation or M (sell) formation. If you can master this, you don't need anything else. Use a tight s/l and dont be greedy with t/p.
  • #6,518
  • Mar 27, 2017 3:10pm Mar 27, 2017 3:10pm
Quoting Trader-Dale
Have a look guys, I was writing a bit and I have just published 8 new articles about trading! Enjoy! Articles are HERE (http://trader-dale.com/category/articles/)
Hi Dale, does your Market Profile download only work with Metatrader4 platform?
  • #6,519
  • Mar 27, 2017 5:08pm Mar 27, 2017 5:08pm
Quoting burntcandle
{quote} Hi Dale, does your Market Profile download only work with Metatrader4 platform?
I believe it does.
  • #6,520
  • Mar 27, 2017 5:09pm Mar 27, 2017 5:09pm
New levels for 28.3.2017
Happy trading guys!
Attached Image (click to enlarge)
Click to Enlarge Name: 28.3. print.png Size: 189 KB
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