You are almost certainly right, I just prefer to think of it that we do our homework and find the high probability location where our trades have the best opportunity of taking a slice out of the market That's what I tell my wife ...

Trader Dale - daily trading levels

For stop loss hunting you can read liquidity searching, there is no doubt that stop losses are used by big traders in that you can usually tell where there will be a heavy load of stops, if these can be broken thru it can cause a significant move, ...

Trader Dale - daily trading levels

well done yet again sadly for me I wasn't here to take it, might have to consider limit orders when I can't be at the desk, great going Dale

Trader Dale - daily trading levels

Hi Radaway the way to set your trade size is dependant upon your attitude towards risk, it really doesn't matter if the stop size is 10 or 1000, it comes down to how much £/$ you are prepared to lose, never ever think about what you might win, only ...

Trader Dale - daily trading levels

can't help you with the data you need Akif, and I'm prepared to be shot down in flames, but the most important aspect I believe is the actual $ volume transacted at each price, now I don't think that is possible on MT4 but the important info is how ...

Trader Dale - daily trading levels

I'm not personally using this info - but if you click onto the graph symbol you'll see a chart much the same as any other, the prior settlement is the previous trading day close (as I understand it). So this info is used only to determine which ...

Trader Dale - daily trading levels

for the purposes that it's being used for look to the right & you'll see volume, you'll see for March there are 73,570 contracts traded, for June only 69. Futures contracts are 3 monthly, the nearest expiry is the March contract and unsurprisingly ...

Trader Dale - daily trading levels

hahaha - I wish Just took the view that the level was in dollar terms pretty much the same thing, and didn't want to double up the risk. I did take -20 on both, but in £ terms it was still half risk on each. Got it all back on the next euro & yen ...

Trader Dale - daily trading levels

2x stops, now in EU again, full stakes & UJ full stakes

Trader Dale - daily trading levels

I'm in both AU & EU, but at half stakes on each as I saw them as being pretty much the same trade, thought about voiding the EU on the pullback but am prepared to see how they go - best of luck to all that are in

Trader Dale - daily trading levels

I'd say administrative/accurate................ others might say different

Trader Dale - daily trading levels

remove the sweetspot indicator, I have it on my template as it gives me a good indication of the scale as the lines are 10 pips apart

Trader Dale - daily trading levels

Nicely done Akif, I believe in Karma and good things are due to you

Trader Dale - daily trading levels

Hi Radaway, I just used a 20 pip stop, no magic Rad as some others might suggest. I always open my trades with a 20 pip stop and then decide if I see a good reason to shift it. As you know I've been quite open about how I trade, in this particular ...

Trader Dale - daily trading levels

I've just closed my aussie trade at +12, I think it will make 20 but I'm now finished for the week. I'm taking MLK day off so will see you all on Tuesday, another day another dollar hey Sorry if I litter this thread with posts but it's nice to ...

Trader Dale - daily trading levels

thanks Dale, I'll also be taking the day as unpaid leave

Trader Dale - daily trading levels

question for Dale, it's MLK day on Monday, most US participants will be enjoying a long weekend, do you intend to trade on Monday?

Trader Dale - daily trading levels

funny how price on the EU got to 1.06 at the NY cut for options, apparently only 3.6 billion sitting at that level, will now keep a close watch on EU for our long level but I think the opportunity may have passed

Trader Dale - daily trading levels

I wasn't paying too much attention as my index trades are running, so I just took it as soon as it triggered - your decision is looking the better one not to worry, my index trades are going nicely

Trader Dale - daily trading levels

just a thought here, I'm sure many are trading with ECN brokers, and there is next to no liquidity around major news with the main liquidity providers, at these times you are hostage to fortune as the spread can widen markedly - the spread will be ...

Trader Dale - daily trading levels