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Trader Dale - daily trading levels

  • #61
  • Sep 28, 2016 3:30am Sep 28, 2016 3:30am
Quoting sunnym
{quote} Thanks for the thread,but is this a different view of supply and demand?
this is more like about the agressivness of S/D I would say.
  • #62
  • Sep 28, 2016 3:33am Sep 28, 2016 3:33am
Quoting Trader-Dale
{quote} this is more like about the agressivness of S/D I would say.
noted
Watch me trade Live on YouTube
  • #63
  • Sep 28, 2016 4:04am Sep 28, 2016 4:04am
I give you guys one more tip for price action:
look for pivot high/lows. Thats where lots of retail traders put their SL orders. Big guys hunt them. This why I dont have any close long levels in AUD/USD today. I think it would be too risky, because there are too many SL that could be trigerred and there could be a strong down move. Have a look:
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  • #64
  • Sep 28, 2016 4:24am Sep 28, 2016 4:24am
Quoting Trader-Dale
I give you guys one more tip for price action: look for pivot high/lows. Thats where lots of retail traders put their SL orders. Big guys hunt them. This why I dont have any close long levels in AUD/USD today. I think it would be too risky, because there are too many SL that could be trigerred and there could be a strong down move. Have a look: {image}
Nice. Let's go hunting those levels!
Member
  • #65
  • Sep 28, 2016 4:36am Sep 28, 2016 4:36am
Usd/jpy profit +10 pips
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  • #66
  • Sep 28, 2016 4:36am Sep 28, 2016 4:36am
Quoting Trader-Dale
I give you guys one more tip for price action: look for pivot high/lows. Thats where lots of retail traders put their SL orders. Big guys hunt them. This why I dont have any close long levels in AUD/USD today. I think it would be too risky, because there are too many SL that could be trigerred and there could be a strong down move.
Big liquidity gap above 0.7690 on AUDUSD:

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If you're not in the 5% yet it's because you have to try 95% harder.
  • #67
  • Sep 28, 2016 4:45am Sep 28, 2016 4:45am
Quoting Trader-Dale
Usd/jpy profit +10 pips {image}
Member
  • #68
  • Sep 28, 2016 6:25am Sep 28, 2016 6:25am
Quoting Nagy Attila
{quote} Yoooo IAN Up should itt go Hove are you Mate?
Good mate. Just mucky around, nothing serious these days. Hope you are makin' a mint.
Combat crazy markets with crazy trading
  • #69
  • Sep 28, 2016 7:11am Sep 28, 2016 7:11am
Quoting Trader-Dale
I give you guys one more tip for price action: look for pivot high/lows. Thats where lots of retail traders put their SL orders. Big guys hunt them. This why I dont have any close long levels in AUD/USD today. I think it would be too risky, because there are too many SL that could be trigerred and there could be a strong down move. Have a look: {image}
Where is this pair really going? Up or down?
I'm already short this pair.
It's so frustrating, there's so much overhead resistance, yet price keeps rallying.
  • #70
  • Sep 28, 2016 7:32am Sep 28, 2016 7:32am
Quoting imdisaait
{quote} hi u/j mean USDJPY currency pair.. LONG mean we are BUYING - opening a BUY order/trade SHORT mean we are SELLING - opening SELL order/trade GL play safe.. i think as a beginners you can have great support from TD's tread.... while you are ,learning imdi
I think we need a baby beginners topic here that's one step before beginners. 
Otherwise good trades Dale. 
Keep going
Have you considered increasing both SL and TP?
Beware of robber banks (RB), bad advisors.
  • #71
  • Sep 28, 2016 7:45am Sep 28, 2016 7:45am
Quoting Not-KPMG
{quote} I think we need a baby beginners topic here that's one step before beginners. Otherwise good trades Dale. Keep going Have you considered increasing both SL and TP?
ya haven't got the strategy Not, buddy!
it's kinda' scalping.
babypips.
steady incomes.
safe shots on kinda' ordersflow asphyxiate environment
...not rolling 15% daily, up and down as you do (explorer!)
Love, Not!
Member
  • #72
  • Sep 28, 2016 8:19am Sep 28, 2016 8:19am
If the "heads up" works nearly 80% of the time, I for one don't want to know how or why, just give me the trades and I will keep using them until (and if) it flops.
So far so good.
The profit margin is small and so is the loss.
This makes for good trading without the hassle and the despair, thus far.
Good of Dale to share.
  • #73
  • Sep 28, 2016 11:18am Sep 28, 2016 11:18am
Hi guys. Little update on EUR/USD. If it goes 1.1224 - short the fucker


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  • #74
  • Sep 28, 2016 11:28am Sep 28, 2016 11:28am
Quoting elvenq
{quote} Where is this pair really going? Up or down? I'm already short this pair. It's so frustrating, there's so much overhead resistance, yet price keeps rallying.
I have swing short for aud/usd. It missed my profit target by few pips, but I am still in. One of the reasons is the SL hunting I mentioned.
  • #75
  • Sep 28, 2016 11:34am Sep 28, 2016 11:34am
Quoting Not-KPMG
{quote} I think we need a baby beginners topic here that's one step before beginners. Otherwise good trades Dale. Keep going Have you considered increasing both SL and TP?
Thank you, Iam glad you like my trades. It is ok to have beginners here and Iam glad you help them guys.
I have not considered having a bigger SL but you can consider having a bigger profit target if you want. Sometimes my levels literary turn the market so it is not a bad idea. But you must consider that it will worsen you risk reward ratio and that can be very bad for some traders psychology. Thats why I prefer trades that are around RRR 1:1
  • #76
  • Sep 28, 2016 12:08pm Sep 28, 2016 12:08pm
good thread.

what do u people think of USDJPY at the moment?

it is moving a bit flat yesterday and today, all my positions have been long and I was successful scalping this pair so far. But I wish to hold a long term position waiting for the big move.
  • #77
  • Sep 28, 2016 10:42pm Sep 28, 2016 10:42pm
I wouldn't short USD/JPY at this level unless you're scalping. Need to keep in mind that a news will come out at 11:35pm pacific time. It would be safer to short if the candle stick goes under 101 level. If it breaches 101.41 level, it may move up even more from here. If macd crosses to positive side and breaks 101.41 level on 5 min chart, it would be a better bet for Long for 10 to 30 pips.
  • #78
  • Sep 28, 2016 10:52pm Sep 28, 2016 10:52pm
i'm so sorry to post an opposite opinion, but i think Eur/Usd seems to be going up even higher. Unless it reaches, 1.1250 level, it's not a good idea to short this pair. Soft resistance line is 1.1235. if it breaks this level, it will move up to 1.1250 level. Daily chart looks strong for Long at this point. MACD, moving average, candle stick action show that this may move up higher. Shorting at that level is very dangerous.
  • #79
  • Sep 29, 2016 12:17am Sep 29, 2016 12:17am
I got in at 101.42 USD/JPY and got out at 101.52. it was a good $100 bucks. Today 3 successful trades gained about $230.
We can share live trades in real time if everyone can participate. i'm a scalping day trader.
  • #80
  • Sep 29, 2016 2:25am Sep 29, 2016 2:25am
Intraday levels for 29.9.2016.
PT 10 pips, SL 12 pips.
Happy trading

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