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Trader Dale - daily trading levels

  • #881
  • Oct 28, 2016 8:28am Oct 28, 2016 8:28am
Quoting Trader-Dale
Here is the aud/usd swing short. +70 pips profit I hope you all guys took it!!! {image}
Hi Trader Dale, have you ever considered using this system on the social trading site Ayondo? I use it profitably, only with small trades but my balance is creeping up.

Cheers,

Moonie.
  • #882
  • Oct 28, 2016 12:22pm Oct 28, 2016 12:22pm
UJ 3 min 20 seconds for TP! Nice one dale!
  • #883
  • Oct 28, 2016 12:40pm Oct 28, 2016 12:40pm
Does anyone know what the hell is going on with the euro going up so much?
  • #884
  • Edited 1:05pm Oct 28, 2016 12:50pm | Edited 1:05pm
The market is just getting nasty ..
Edit:I guess it was an opportunity for the big boys to take price up in other to prop more buyer s into the market so as to fill their orders at better level.
  • #885
  • Oct 28, 2016 12:54pm Oct 28, 2016 12:54pm
Quoting TheBiafran
The market is just getting nasty ..

nO, it's news about FBI investigating Hillary Clinton emails.
  • #886
  • Oct 28, 2016 1:35pm Oct 28, 2016 1:35pm
Quoting TheBiafran
The market is just getting nasty .. Edit:I guess it was an opportunity for the big boys to take price up in other to prop more buyer s into the market so as to fill their orders at better level.
Market panic at prospect of Trump presidency.
Follow the money --Mark Felt (Deepthroat)
  • #887
  • Oct 28, 2016 2:18pm Oct 28, 2016 2:18pm
Quoting longfellow
{quote} Market panic at prospect of Trump presidency.
you are right,am only stressing the fact that events as this increases buy side orders in the market for consumption by the bigger participants in other to send the market south.
  • #888
  • Oct 28, 2016 5:17pm Oct 28, 2016 5:17pm
Seems it was really creazy at the last hours of the market close....
seems we had chance at one of EU & one of UJ

the other UJ & EU were not made it.
seems if some one had it its a lost.
i didnt have any of the proposed trade as close to news and late hours for me.
but had some scalping trade when EU come from 1.0902 to 1.0925 area the trend line in 1min chart just before the first major news.

hope you guys are safe and weekly positive.
Thanks Dale waiting for the next week....

haa haaa specially for safe SWING TRADE from SAFER pairs ......
hv a good wekend
imdi.
  • #889
  • Edited 3:51am Oct 29, 2016 3:20am | Edited 3:51am
Quoting shimmering
Does anyone know what the hell is going on with the euro going up so much?



It is simple, in daily and 4 hours chart there was a big demand, many buy orders triggered first there, after some clever traders followed price action and many sell orders got busted, or just disappeared by traders that just wanted to move price in some levels, how? They filled very big orders above price expecting that the traders with order books will see them and move price there, buyers bought that, after their buy positions reached these big orders they removed them and price continued to go up from the greed of market players who sawed what is happening. Just be careful these levels are for genius traders not for all.

Just an example > Image (http://s34i.imgup.net/EURUSDH4663c.png)
Looking for profitable short term trades ...|
  • #890
  • Oct 29, 2016 5:57am Oct 29, 2016 5:57am
Hi Dale!

First, thanks for your amazing efforts! I'm just wondering, why are you using Tradingview for the market profile analysis and not Ninjatrader (With a futures feed) ?

If I'm not wrong, the volume from futures is way more precisely ?

Thanks!
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #891
  • Oct 30, 2016 6:45am Oct 30, 2016 6:45am
Hi All

I had a query on how I am seeing the trades here . hope someone will sort this confusion for me:

+++++++++++++++++++++++++++++++++++++++++

I was following the aud/usd escapade on Dales' trade cypers : morning(27th) about the aud/usd:http://s22.postimg.org/79a9p7br5/image.png

There is long and also a short that was suggested at 0.7645 , But the 0.7645 was the price @ morning 4 'o clock today(27th) :http://s22.postimg.org/tz9ei6uyp/image.png

the posting was at 0933 today morning from Dale , when the price was here :http://s22.postimg.org/s4wk0g7y9/image.png

so it means no one took the trade today because there was no way to start @ 0.7645 (which happened @ morning 4 o clock -5 hours before dale's post) ?
So as I see, the short of 0.7645 was not reached at all( if I read & then act on the post from 27th at 0933 hrs). ... and till now as I write this mail @ 2246 hrs.(on 27th) EU where 0.7645 has not been reached.

Meaning , if I had opened a (short)trade @ 0933 after reading the post, the trade-opening would not have reached 0.7645 (where member Dale wants us to open the trade).
However :I would have reached 0.7645 @ morning 4 o clock (27th) & this short (0.7645 ) would have got activated. (thats how I see it from my images posted in this thread)

-can someone please tell me that my reasoning is right or wrong. ? it MUST be wrong , but I want to know why

-To me , it looks that these intraday prices posted at 0900 or 0930 @ EU time are delayed and a trade can never open.

Thanks for your time .... but just not getting the hang of the prices that Member Dale is posting with regards to the time (the X -axis).

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
  • #892
  • Oct 30, 2016 7:43pm Oct 30, 2016 7:43pm
Quoting radaway
Hi All I had a query on how I am seeing the trades here . hope someone will sort this confusion for me: +++++++++++++++++++++++++++++++++++++++++ I was following the aud/usd escapade on Dales' trade cypers : morning(27th) about the aud/usd:http://s22.postimg.org/79a9p7br5/image.png There is long and also a short that was suggested at 0.7645 , But the 0.7645 was the price @ morning 4 'o clock today(27th) :http://s22.postimg.org/tz9ei6uyp/image.png the posting was at 0933 today morning from Dale , when the price was here :http://s22.postimg.org/s4wk0g7y9/image.png...
Hello, As I understand , when Dale give the trade levels until next day it will be valid (until next level publish).
  • #893
  • Edited 2:38am Oct 31, 2016 12:35am | Edited 2:38am
AU peaked 7616 , missing 7518 by 2pips then pulled back 6.
Should I consider 7618 missed and not trade it anymore ?


ps:
it went smoothly :TP, , thx Dale,

But - how to detect a missed level?
This one is a valid miss :
price misses by 2-3 pips
and retraces by 8-10pips or more
Another :
2-3 times 2-3 pip miss with shallow 8 pip retrace


Do you have any other valid miss definitions?
I am trying to cast some mql code into EA helper -
and detecting a missed level is one of functions I want to automate.
  • #894
  • Oct 31, 2016 3:16am Oct 31, 2016 3:16am
Quoting shimmering
Does anyone know what the hell is going on with the euro going up so much?
Month end, portofolio re-balancing, profit mark-ing by the big boys with the big toys. It happens every month-end.

Regards!
  • #895
  • Oct 31, 2016 3:30am Oct 31, 2016 3:30am
Intraday levels for 31.10.2016.
PT 10 pips, SL 12 pips.
Happy trading
Attached Image

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  • #896
  • Oct 31, 2016 3:41am Oct 31, 2016 3:41am
Quoting Trader-Dale
Intraday levels for 31.10.2016. PT 10 pips, SL 12 pips. Happy trading {image} {image}
Thanks Dale - best of luck to all, trade well
  • #897
  • Oct 31, 2016 3:43am Oct 31, 2016 3:43am
Quoting Moonie
{quote} Hi Trader Dale, have you ever considered using this system on the social trading site Ayondo? I use it profitably, only with small trades but my balance is creeping up. Cheers, Moonie.
I probably won't do any social trading. I am glad tzhat you use it and that you are profitable! good job!
  • #898
  • Oct 31, 2016 3:51am Oct 31, 2016 3:51am
Quoting michisuperfr
Hi Dale! First, thanks for your amazing efforts! I'm just wondering, why are you using Tradingview for the market profile analysis and not Ninjatrader (With a futures feed) ? If I'm not wrong, the volume from futures is way more precisely ? Thanks!
Iam using mostly futures but I thought that it was a good idea to show you that if you have good forex data you can use market profile and not to pay for futures
  • #899
  • Oct 31, 2016 3:58am Oct 31, 2016 3:58am
Thank you Dale.
  • #900
  • Oct 31, 2016 4:02am Oct 31, 2016 4:02am
Quoting Trader-Dale
{quote} I probably won't do any social trading. I am glad tzhat you use it and that you are profitable! good job!
You must have good reasons to do that. I guess you want to give something back and maybe fighting against something at the same time.
You might want to make the thread private at some point based on invitation but I am not sure if forexfactory allows it.
But we should not be concerned about your reasons, we are happy to have you here.
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