In this video I document two of my trades.
One on the GBPCAD and the Dow Jones… I know many war room traders are eager to see how the Dow traded panned out.
I show how to apply top-down analysis with price action analysis, looking at things like swing points and simple support and resistance.
After I take the trades, I keep you up to date on their progress and then conclude how it all finished up.
One of them turned out to be a huge winner, then other didn’t go as expected.
Enjoy the video, I hope you find it insightful.
Michael Fells
I have been looking for real forex training for two years. Thank you for sharing!
Leisa
Dale….Fantastic video of showing (1) a phenomenal setup on your forex trade–and great trading results and (2) great set up on the Dow and . . . . great trading results. You demonstrate on (2) that you set a directional bias, your bias was countered by the market and you followed your trading rules by stopping out, minimizing loss. Rather than viewing it as a failed trade, it is viewed as successfully following through on your trading process/rules. Single best lesson that any can learn.
I’m not a forex trader, but found your site through Michael Douglas search. Your commentary is appropriate for all trading markets. What a great resource you have here for traders of all skill levels. Thanks for your contributions to the trading community.
Replying to: Leisa
Dale WoodsAuthor
Thanks very much for your feedback Leisa
JAVIER
hi Dale thanks, I took this trade too, was amazing
Steve Epperson
Thanks again for sharing. Congrats on your big win. I am currently utilizing top-down analysis and feeling more comfortable with it. I keep forgetting to use EMA, however. In this video it shows its usefulness for timing the exit.