I'm done for the week, will just see out the aussie trade and then close down for the weekend. Been an ok trading week for me, hope you've managed a good one. Happy that I've completed my test on the data, I now have a way of trading the levels that ...

Trader Dale - daily trading levels

luvvly jubbly - that'll see you over the weekend nicely I hope

Trader Dale - daily trading levels

Canadian CPI much stronger than expected, don't use strength meters or anything else, over the years I've found the MkI eyeball to be the best indicator (I've said that before and been asked for the indicator hahahaha) In the AU trade and am ...

Trader Dale - daily trading levels

don't you hate it when this happens........ trade came at news time, I bet someone out there is feeling lucky image

Trader Dale - daily trading levels

that's going to be dependent upon so many variable, like did you take every trade day and night, did everyone consider the same trades tested, did you get on those that just touched the level, did you get the PT that just touched the level....... On ...

Trader Dale - daily trading levels

that depends on what you trade This is my favourite instrument, the dax - luvvly jubbly today image

Trader Dale - daily trading levels

cheers ..... but I can't be doing with that Nukkie Brown stuff you have up there, mine's a Adnams Ghostie............. doubt it's available, but a local & great beer in these parts

Trader Dale - daily trading levels

not yet, I need a 5 min bar where the close price is above the level, and above the previous bar - which in practical terms now means any 5 min bar that closes with it's price above 0.769

Trader Dale - daily trading levels

aussie long in play, good luck to all

Trader Dale - daily trading levels

image

Trader Dale - daily trading levels

I'm still holding that level & will trade it, but I have to say it has stalled a few pips shy, either come down & get me in or shoot up the page and kill my interest will you!!! I hate it when they hover just in front

Trader Dale - daily trading levels

Thanks Dale - happy trading

Trader Dale - daily trading levels

Having posted up a work in progress earlier, this is my spreadsheet using my "alternative trading" approach, hopefully it will now be in an understandable format for you. The screen shot below will give you some ideas of what happens if you enter ...

Trader Dale - daily trading levels

I haven't done so, but this is what I'm thinking of doing. 1. setting an order at the minimum stake size I'm allowed 2. setting an alarm 5 pips before the level 3. if I hear the alarm, get to the computer and verify no news, no test & if all ok ...

Trader Dale - daily trading levels

correct, once used by either a test or a trade the level has expired

Trader Dale - daily trading levels

that's right Jacko, judgement regarding news & tests prior to entry, after that set & forget, except to say if the chart gets 20 pips up but doesn't PT because of spread, I move the stop to BE. That is because there is nothing that would annoy me ...

Trader Dale - daily trading levels

only for AU trades, he is the Aussie reserve bank manager, so his words have the ability to shift the market

Trader Dale - daily trading levels

just a reminder, we have US unemployment claims in 15 mins and EU is very close to the level, be preapred to cancel your orders unless you are prepared to take on the news

Trader Dale - daily trading levels

I'm hoping to have move my stop or got to PT before then if not I'll either leave the stop in place or close it out, I'll take a trade quite close to the news but not right upon it.

Trader Dale - daily trading levels

I am in, now will let it play out

Trader Dale - daily trading levels