Ditto to what Keen said. I did the same thing a couple of weeks ago when I first came to this thread; it opened my eyes to whole new way of looking at PA. It correlates to other approaches/dialogues you here about Institutional market activity and how to identify it rather than getting eaten by it. Like Keen, some of the MP info "looks" apparent, but then how do you turn that into a viable and consistent trade? Thanks for the link Keen...I'm continuing to drive down that rabbit hole to see what I can learn and hopefully connect the dots so that maybe I can come up with my own levels ANNNNDDD that they come close/match Dale's before he puts them out. That would indicate that I'm starting to get a clue.
Trader Dale - daily trading levels
{quote} I also just placed AUDUSD short for the swing trade Dale mentioned earlier today. I shorted at 0.7684, so slightly north of the 0.7660 level indicated by Dale. To answer your question, Dale does not use limit orders and prefers to trade live w/ market orders. As far as I know he does use stop orders and for swing trades his PT and SL has been 70 pips. Everyone has their own trading style, so I suppose some can place limit orders ahead of price reaching the levels indicated by Dale. However, in this case be sure to keep an eye on the thread...
- #772
- Edited 4:15am Oct 26, 2016 2:09am | Edited 4:15am
- | Membership Revoked | Joined Sep 2016 | 1,511 Posts
Intraday levels for 26.10.2016.
PT 10 pips, SL 12 pips.
Happy trading
PT 10 pips, SL 12 pips.
Happy trading
- #773
- Oct 26, 2016 2:28am Oct 26, 2016 2:28am
- | Membership Revoked | Joined Sep 2016 | 1,511 Posts
I was reading through the new posts and everything I was asked was already answered by the kind members of this thread. Thank you guys for helping
- #774
- Edited 2:52am Oct 26, 2016 2:39am | Edited 2:52am
Haa haaa....
Seems its confirming now the AUDUSD has very minimal GAS remaining to go north...
So here it may start going down to see DALE @0.7600
It seem just now AUDUSD having the LAST touch @0.7700 for the DAY!.........!!
Seems its confirming now the AUDUSD has very minimal GAS remaining to go north...
So here it may start going down to see DALE @0.7600
It seem just now AUDUSD having the LAST touch @0.7700 for the DAY!.........!!
Intraday levels for 25.10.2016. PT 10 pips, SL 12 pips. Happy trading {image} {image}
US dollar index put in a a perfect looking rejection off of a level last tested in Feb, I know we are looking at "in the moment" type trading, but it will be interesting to see if the dollar now goes thru a short cycle.
Cheers ziggy
- #776
- Oct 26, 2016 2:50am Oct 26, 2016 2:50am
- | Membership Revoked | Joined Sep 2016 | 1,511 Posts
Here is some insight for those asking more info about market profile. Have look how I combine it with price action in today's aud/usd long level:
Somewhere in this thread there also some pictures of profile with comments that can be helpful to you.
Somewhere in this thread there also some pictures of profile with comments that can be helpful to you.
Here is some insight for those asking more info about market profile. Have look how I combine it with price action in today's aud/usd long level: Somewhere in this thread there also some pictures of profile with comments that can be helpful to you. {image}
Much appreciated....
its give good hints about what and how
we are doing!!!
+1 for me on EU, having been 9 pips up there was no way I wasn't going to protect it, another way of looking at it is to say at +9 the potential reward is now +1 and the potential risk is now -21, that above everything else is why I move my stop when I'm so close to the target.
Cheers & thanks Dale, these levels are spookily accurate
Cheers & thanks Dale, these levels are spookily accurate
