Cheers Dale - I'm personally taking today to Tues as a break - NFP today although I suspect that is likely to play 2nd fiddle to any revelations from the USA, I also see there are going to be a number of increases in margin requirements - anyone who ...

Trader Dale - daily trading levels

court ruling that UK cannot invoke article 50 without parliament approval send cable & EU a bit manic

Trader Dale - daily trading levels

It's all to do with personal preference, Dale uses 10 because it suits his style, and of course he will have some history behind him. Some people like to win small amounts often, others are happy to win large amounts less often - I personally like ...

Trader Dale - daily trading levels

well done Zuiko - better than me, 0,0 & 0

Trader Dale - daily trading levels

I don't want to hijack Dales thread, but the "what makes the market move" question is actually very poorly understood, and it's important to understand. If you place a limit order, you can only be filled at that price or better, limit orders are ...

Trader Dale - daily trading levels

you got it! Having said that watch it become the perfect trade haha. In all seriousness, we have the luxury of not having to trade, it's best that we only take the best set ups even if that means several days without a trade. As they say, sometimes ...

Trader Dale - daily trading levels

You have to think about what makes the market move up and down, if people are prepared to buy the instrument at a higher price than it is currently trading at, the price will go up, and the reverse is true it to move down. That is the only way the ...

Trader Dale - daily trading levels

Hi Radaway, As far as brokers go I cannot help to much, I use a spread bet company in the UK & I'm pretty sure that only UK residents can spread bet. I know plenty of folks do use MT4 ( I actually use it for charting, just not placing trades). You ...

Trader Dale - daily trading levels

nope - if Trump gets in I expect the yen to drop like a heavy rock, sorry - I expect the UJ to drop like a rock, Trump is on record saying the Yen exporters have an unfair currency advantage

Trader Dale - daily trading levels

Do you think this one is a high probability set up after what happened just before the level was reached? Got to within 1.5 pips of the level on my chart and then retraced 10, good enough reason to let this one pass together with the Yen trade - ...

Trader Dale - daily trading levels

I'm no longer interested in the first long level for UJ, it may well be a perfect trade when it gets there, but it looks to me as though it has turned early. Some thoughts about the FOMC - as Dales noted I wont be trading in the lead up to it, but ...

Trader Dale - daily trading levels

message to Radaway, and possibly others. I noticed from your screen shot on AU that the spread is 1.8 pips, that is massive for this pair, my spread is 0.8 and I get a 16% rebate of my dealing costs at the end of the month. The 2 things that are ...

Trader Dale - daily trading levels

I'm a bit worried by some of the other stuff in the screen shots - but, if you set a limit sell order, your stop must be above the point you are selling from and your PT below the point you are selling from. I'm not familiar with placing trades on ...

Trader Dale - daily trading levels

In the UK via spread betting it's much easier than having to trade in lot multiples - If i'm going to risk 2% of my bank on an 80 pip stop or a 12 pip stop, I can just alter my pip value to ensure I have exactly 2% at risk no matter what the stop ...

Trader Dale - daily trading levels

and UJ delivers nicely thank you - always nice to start a fresh month with an easy win, never even a tenth of a pip against - brilliant thanks Dale

Trader Dale - daily trading levels

Thanks Dale - now short UJ, good luck all

Trader Dale - daily trading levels

Hi Shimmering - the figures are correct but the sample size is far to small to draw any conclusions from. The strike rate on that very small sample is a function of the stop loss size, but please don't place any reliance on it. On my own trading ...

Trader Dale - daily trading levels

I wasn't around to trade at that time, I may well have traded that first UJ long, but if I had it would have at worst been a BE trade, I would have stood aside for the 2nd long, it was moving like a steam train and I would have known from Talking ...

Trader Dale - daily trading levels

Thanks Dale - best of luck to all, trade well

Trader Dale - daily trading levels

Good morning Shimmering. You can change both the TP & the stop loss on the spreadsheet to see what the result would have been based on this very small sample of trades. Over time I will build this spreadsheet up over a greater sample size, it simply ...

Trader Dale - daily trading levels