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Trader Dale - daily trading levels

  • #8,061
  • Jun 6, 2017 6:28am Jun 6, 2017 6:28am
UJ long 109.22
Follow the flow of water in a stream
  • #8,062
  • Jun 6, 2017 7:02am Jun 6, 2017 7:02am
Quoting spynoza
UJ long 109.22
Would it be worth waiting until it got there it's running downhill with the bears at the moment.
Take 1 step forward, two small steps back
  • #8,063
  • Jun 6, 2017 8:38am Jun 6, 2017 8:38am
Quoting HappyMe
My levels for the coming session: ps: Don't trade my levels blind...I'm still practicing! {image}
1.2869 on GBPUSD is seen as already tested...??

following the rules (2pips from entry) this entry wasn't tested but.....this time it went until 3pips to entry and is making a big rebound from 30pips at least....
mhhh is this a rebound that is indicating we already tested the 1.2869 level or is the level 1.2869 still a valid one?!
Attached Image
You can manage risk, but you can't manage the return
  • #8,064
  • Jun 6, 2017 9:39am Jun 6, 2017 9:39am
Quoting DrBeercan
{quote} Would it be worth waiting until it got there it's running downhill with the bears at the moment.
Yes, cancel this level
Follow the flow of water in a stream
  • #8,065
  • Jun 6, 2017 9:42am Jun 6, 2017 9:42am
Quoting HappyMe
{quote} 1.2869 on GBPUSD is seen as already tested...?? following the rules (2pips from entry) this entry wasn't tested but.....this time it went until 3pips to entry and is making a big rebound from 30pips at least.... mhhh is this a rebound that is indicating we already tested the 1.2869 level or is the level 1.2869 still a valid one?! {image}
Problem is your EA can't do what your eyes can't do. One strategy Ziggy followed was within 5 pips and if it moved away more than 20 in one big move. Can't remember who it was but they suggested that a level of consolidation is volume accumulation and for a rapid move around the level. Though for me I would wait to see if it went over the level and back down before entering... Hope that makes sense?
Take 1 step forward, two small steps back
  • #8,066
  • Jun 6, 2017 10:01am Jun 6, 2017 10:01am
Quoting DrBeercan
{quote} Problem is your EA can't do what your eyes can't do. One strategy Ziggy followed was within 5 pips and if it moved away more than 20 in one big move. Can't remember who it was but they suggested that a level of consolidation is volume accumulation and for a rapid move around the level. Though for me I would wait to see if it went over the level and back down before entering... Hope that makes sense?
Well at the moment it can't but...if I want I can program it .....for this is the first time I see this happened in say one-month. I'm going for a look to that strategy...
You can manage risk, but you can't manage the return
  • #8,067
  • Jun 6, 2017 10:16am Jun 6, 2017 10:16am
AU short 0.7524
Follow the flow of water in a stream
  • #8,068
  • Jun 6, 2017 10:47am Jun 6, 2017 10:47am
Hello guys! Here is the statistics of May - 1st month of my trading course. Have a look:
http://trader-dale.com/may-statistics-1st-month-course/
  • #8,069
  • Jun 6, 2017 11:57am Jun 6, 2017 11:57am
Quoting spynoza
UJ long 109.22
I canceled this level, but good reaction.....
Follow the flow of water in a stream
  • #8,070
  • Jun 6, 2017 1:34pm Jun 6, 2017 1:34pm
Quoting Trader-Dale
Hello guys! Here is the statistics of May - 1st month of my trading course. Have a look: http://trader-dale.com/may-statistics-1st-month-course/
Hi Dale,

I would love to see a statistical overview like a trade explorer or something in MyFXBook. I think it would be great to view the ongoing results or even only monthly...anyway thanks for the update
You can manage risk, but you can't manage the return
  • #8,071
  • Edited 4:49pm Jun 6, 2017 4:34pm | Edited 4:49pm
Today it wasn't a bad day.... 2 trades both full TP

1 level on GBPUSD was seen as a tested level (no trade)
2 levels on AUDUSD were also seen as tested levels (no trade)

result:
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 4 KB
You can manage risk, but you can't manage the return
  • #8,072
  • Jun 6, 2017 4:37pm Jun 6, 2017 4:37pm
Here are my levels for the coming session.

ps: please don't trade it blind I'm still practicing!
Attached Image
You can manage risk, but you can't manage the return
  • #8,073
  • Jun 6, 2017 4:50pm Jun 6, 2017 4:50pm
Quoting HappyMe
Here are my levels for the coming session. ps: please don't trade it blind I'm still practicing! {image}
Don't forget, more AU red news tonight. You might not be lucky second time round :-)
Take 1 step forward, two small steps back
  • #8,074
  • Edited 3:44am Jun 7, 2017 3:10am | Edited 3:44am
Quoting HappyMe
Here are my levels for the coming session. ps: please don't trade it blind I'm still practicing! {image}
First trade for today triggered at GBPUSD. A full TP
Attached Images
You can manage risk, but you can't manage the return
  • #8,075
  • Jun 7, 2017 4:41am Jun 7, 2017 4:41am
Quoting DrBeercan
{quote} Don't forget, more AU red news tonight. You might not be lucky second time round :-)
tomorrow there will be a lot of news and events that could (and they will) affect the market

1. ECB meeting
2. Comey's (former FBI Director) testimony at the Senate
3. UK general election (effect of that one will be seen on Friday as well after the results will come out)

Please be extra careful!
  • #8,076
  • Edited 7:10am Jun 7, 2017 5:42am | Edited 7:10am
Quoting HappyMe
Here are my levels for the coming session. ps: please don't trade it blind I'm still practicing! {image}
The 1.1219 level on EURUSD shoot be triggered.... in my case it wasn't.

In the tradingconsole I have the error: datacenter connecting failed....and that just in the minuts the EURUSD reached the 1.1219 level. if we had connection again the opportunity was gone and tradinglevel is marked as a"No valid entry anymore"

I have to watch to this error...Why I lost connection with the datacenter....

ps: If you look to the time you see a difference of 1 hour. That's the difference in time from my workstation and the server where the EA is running

Edit1: Bad internet connection was 2 minuts before the real entry....
after that it looks it was functioning correctly... well in that case then the market must be a little violent in this area.... level looked as tested

Edit2: it looked if this tread would be ended in a BE
Attached Images
You can manage risk, but you can't manage the return
  • #8,077
  • Jun 7, 2017 6:02am Jun 7, 2017 6:02am
Quoting HappyMe
{quote} The 1.1219 level on EURUSD shoot be triggered.... in my case it wasn't. In the tradingconsole I have the error: datacenter connecting failed....and that just in the minuts the EURUSD reached the 1.1219 level. if we had connection again the opportunity was gone and tradinglevel is marked as a"No valid entry anymore" I have to watch to this error...Why I lost connection with the datacenter.... ps: If you look to the time you see a difference of 1 hour. That's the difference in time from my workstation and the server where the EA is running...
I entered manually, ended up BE for me but depending on how one choose to manage would likely be a loss.
thinking outside the box
  • #8,078
  • Jun 7, 2017 7:07am Jun 7, 2017 7:07am
Quoting Mercennary
{quote} I entered manually, ended up BE for me but depending on how one choose to manage would likely be a loss.
Indeed it would also in my case a BE on EURUSD
You can manage risk, but you can't manage the return
  • #8,079
  • Edited 12:24pm Jun 7, 2017 12:09pm | Edited 12:24pm
Quoting HappyMe
{quote} Hi Dale, I would love to see a statistical overview like a trade explorer or something in MyFXBook. I think it would be great to view the ongoing results or even only monthly...anyway thanks for the update
agreed. I think his spreadsheet numbers are best case assuming you were always in front of the computer or you put limit orders in and took all trades.

It it would be nice like you said to see even demo results from live trading with the human aspect to it because it's different than just posting all of the levels. Problem is that subscription websites never show live results and instead always show trade set-ups. Live results always trump the trade calls posted that are not verified.

In any case, I know Dale has a good strategy, but you guys posting real trades shows much more than excel spreadsheet hypothetical numbers.
  • #8,080
  • Jun 7, 2017 3:08pm Jun 7, 2017 3:08pm
Quoting spynoza
{quote} I canceled this level, but good reaction.....
Hi Spynoza, would it have been a win or a loss? I can't didn't look to be honest after I posted.
Take 1 step forward, two small steps back
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