Hi guys!
Here is my idea for a short trade on NZD/USD. I have made a little contest asking you if you can spot this trading level yourselves. I would like to congratulate you because so many of you found the level themselves. There were some few pip differences but they don’t matter much in swing trading.
The level is around 0.7280
If you are not sure how to trade it I reccomend reading this article: https://www.trader-dale.com/articles/position-management-swing-trades/
Happy trading!
Dale
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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Dale,
Is there any educational resources regarding your trading style. I would very much love to learn more about Market volume. Most resources talk about e-minis and stocks and not Forex.
Thank you
It doesnt really matter what instrument you use MP for. It works the same for forex, indices,…
I do some explanation of my intraday levels at my tradingview page (https://www.tradingview.com/u/Trader_Dale/#published-charts). I think you can learn quite a lot from this. Also you can watch some videos at market delta youtube channel. I think this is quite a good source of information.
Thank you Dale. Going through it now. Here is hoping to identify levels just like you some day 😀
Iam sure you will mate if you stay and trade with me some time!
Will do for sure. Thank you