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Trader Dale - daily trading levels

  • #7,061
  • Apr 24, 2017 2:56pm Apr 24, 2017 2:56pm
Quoting KhalidY
Hello Dale What do you think of USDCAD Long at 1.3431? {image}
Just my opinion, yes.... 1.3431 is an interesting level. Where green candle and red candle "meet" in one area.
Red candle 1 and green candle 1 make level 1, and red candle 2 and green candle 2 make level 2 (1.3410),
But for me the level is more interesting before the price down to "A" area, now the fresh level is level 3...
Attached Image (click to enlarge)
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Follow the flow of water in a stream
  • #7,062
  • Edited 4:09pm Apr 24, 2017 3:10pm | Edited 4:09pm
Quoting Iena
{quote} Great call Dale! Too bad that I went for 20 pips so I only got break even....
if trade goes 15 pips in 20 sl after making abit pips but less than 1st to or be then make tp to be?

Is it good rule?
  • #7,063
  • Apr 24, 2017 5:06pm Apr 24, 2017 5:06pm
Hello guys!
new levels for tomorrow! Happy trading!
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  • #7,064
  • Apr 25, 2017 1:03am Apr 25, 2017 1:03am
Quoting Trader-Dale
{quote} If you are asking about correlation among the 4 fx pairs I use for intraday trading it differs from time to time. All the pairs are majors which means that one currency in the pair is USD. So if there is for example significant news regarding USD you will see all 4 pairs moving pretty the same - the move is USD driven. In this case the correlation is very high. Sometimes where the move isn't USD driven, the correlation is much lower. If you are asking about other fx pairs you can have a look for example at this correlation table: http://www.myfxbook.com/forex-market/correlation...
Thank you Dale. Yes thats what I was looking for.
  • #7,065
  • Apr 25, 2017 1:45am Apr 25, 2017 1:45am
Hello guys, here is a little update to today's levels.
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  • #7,066
  • Apr 25, 2017 1:46am Apr 25, 2017 1:46am
USD/JPY +10 pips profit. Do you guys have it?
Attached Image
  • #7,067
  • Apr 25, 2017 1:56am Apr 25, 2017 1:56am
Quoting Trader-Dale
USD/JPY +10 pips profit. Do you guys have it? {image}
very good......
  • #7,068
  • Apr 25, 2017 2:08am Apr 25, 2017 2:08am
I got it. +10 pips. Thanks a lot Dale!!
  • #7,069
  • Edited 2:59am Apr 25, 2017 2:49am | Edited 2:59am
I really liked Ziggy's backtest and comments of his simple 20/20 method of trading my levels. I decided to put the information he kindly provided together into an article. You can read it HERE (http://trader-dale.com/ziggys-easy-2020-method-66-68-strike-rate/)
Thanks a lot Ziggy!
Attached Image
  • #7,070
  • Apr 25, 2017 5:02am Apr 25, 2017 5:02am
Very interesting article!! Thank you Dale and Ziggy!!

I have a couple of questions about it, if you are so kind to reply them:

1) Does this statistics include all the asian levels also? If so, since September 2016 or since Dale started to trade these levels around January?
2) Do you mostly use limit or market orders during the european and american session?
3) Could you please provide a file with the old non tested levels or there is a way to publish them ? For people like me that found your thread recently, its no way of getting them.

Thanks again for all the help and happy trading!!
  • #7,071
  • Apr 25, 2017 5:57am Apr 25, 2017 5:57am
Quoting Manquito
Very interesting article!! Thank you Dale and Ziggy!! I have a couple of questions about it, if you are so kind to reply them: 1) Does this statistics include all the asian levels also? If so, since September 2016 or since Dale started to trade these levels around January? 2) Do you mostly use limit or market orders during the european and american session? 3) Could you please provide a file with the old non tested levels or there is a way to publish them ? For people like me that found your thread recently, its no way of getting them. Thanks again...
Hi Manquito,

1. Includes Asian session from the beginning of Dale posting
2. This data assumes the use of limit orders for entry, where short trades are taken at the level given and long trades at the level + my spread Eu 0.7, AU 0.8, Cad 1.0, Yen 0.7. Stops & PT's 20/20 from the point of entry
3. File attached - there were a few other until the post French election results took them out. These are the levels I am holding.

Good luck with your trading Ziggy
Attached File(s)
File Type: xlsx Open Levels.xlsx   10 KB | 408 downloads
  • #7,072
  • Apr 25, 2017 6:17am Apr 25, 2017 6:17am
Quoting Trader-Dale
I really liked Ziggy's backtest and comments of his simple 20/20 method of trading my levels. I decided to put the information he kindly provided together into an article. You can read it HERE (http://trader-dale.com/ziggys-easy-2020-method-66-68-strike-rate/) Thanks a lot Ziggy! {image}
Hi Dale,
good thread ,
im new to forex and i was wondering if u can give me some usefull links to get into forex spot and forex futures trading??
Thanks
  • #7,073
  • Apr 25, 2017 6:50am Apr 25, 2017 6:50am
Quoting ziggy
{quote} Hi Manquito, 1. Includes Asian session from the beginning of Dale posting 2. This data assumes the use of limit orders for entry, where short trades are taken at the level given and long trades at the level + my spread Eu 0.7, AU 0.8, Cad 1.0, Yen 0.7. Stops & PT's 20/20 from the point of entry 3. File attached - there were a few other until the post French election results took them out. These are the levels I am holding. Good luck with your trading Ziggy{file}
Thanks a lot Ziggy!! I really appreciate your help.
  • #7,074
  • Apr 25, 2017 6:59am Apr 25, 2017 6:59am
Quoting Neo1
{quote} Hi Dale, good thread , im new to forex and i was wondering if u can give me some usefull links to get into forex spot and forex futures trading?? Thanks
You can use the learning materials about market theory IKeithStone posted in this thread below. Also reading this thread from beginning would make sense.
https://www.forexfactory.com/showthread.php?p=9405279#post9405279
  • #7,075
  • Apr 25, 2017 7:00am Apr 25, 2017 7:00am
Quoting ziggy
{quote} Hi Manquito, 1. Includes Asian session from the beginning of Dale posting 2. This data assumes the use of limit orders for entry, where short trades are taken at the level given and long trades at the level + my spread Eu 0.7, AU 0.8, Cad 1.0, Yen 0.7. Stops & PT's 20/20 from the point of entry 3. File attached - there were a few other until the post French election results took them out. These are the levels I am holding. Good luck with your trading Ziggy{file}
You must be trading some serious volume to get those spreads with FXCM :o
So many in the Commercial section want to make me rich! :o
  • #7,076
  • Apr 25, 2017 7:05am Apr 25, 2017 7:05am
Quoting Neo1
{quote} Hi Dale, good thread , im new to forex and i was wondering if u can give me some usefull links to get into forex spot and forex futures trading?? Thanks
I suggest to go through my webpage first. I think lot of useful information could be found there.
  • #7,077
  • Apr 25, 2017 7:36am Apr 25, 2017 7:36am
/6j got hit but not fx
  • #7,078
  • Apr 25, 2017 7:39am Apr 25, 2017 7:39am
Quoting FX-Flux
{quote} You must be trading some serious volume to get those spreads with FXCM :o
I don't trade on FXCM, but do use their MT4 platform for charts & records - I trade with core spreads and those spreads can be got at their minimum trade level of £1 per pip.............. and as it's spread betting under current rules it's not taxed.

I've no axe to grind but do like Core as not only are their spreads tight I have only ever been slipped once and that was an index trade that jumped about 20 points and I was slipped by around 2. It's a totally no frills platform, but for simple in & out trading perspective is excellent.
  • #7,079
  • Apr 25, 2017 7:43am Apr 25, 2017 7:43am
Quoting Adem71
/6j got hit but not fx
Indeed, Dale do you trade it even if it turns a bit sooner but you see the aggressive price turn on chart? Thanks.
  • #7,080
  • Apr 25, 2017 7:46am Apr 25, 2017 7:46am
Nice sell now , on usd/jpy . Thx , Dale !
The best way to predict the future is to create it.
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