Trader Dale - daily trading levels | Page 55 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Pinbar trader EA - Trading pinbars off weekly S&R levels 435 replies

Are you a trend trader or a counter-trend trader? 29 replies

RS levels and physic levels are in indicator (created) 3 replies

IkonFX Viking Trader or Pfgbest Viking Trader? 2 replies

Attachments: Trader Dale - daily trading levels
Exit Attachments

Trader Dale - daily trading levels

  • #1,081
  • Nov 14, 2016 3:28am Nov 14, 2016 3:28am
Quoting 13francisco
Hi Dale. Can you advise me some book on strategies in market profile? Thanks. Good Weekend.
sorry, no book I suggest to look for market delta channel on youtube.
  • #1,082
  • Nov 14, 2016 3:44am Nov 14, 2016 3:44am
Dale, I understand the 10 pips TP is more than enough, but doesn't your SL target get hit way too often?

Regards
  • #1,083
  • Nov 14, 2016 3:49am Nov 14, 2016 3:49am
Quoting Trader-Dale
There is a possible swing short for usdchf now with a good potential. 3 possible targets. Have a look. Hurry up {image}

Aaaaahhhhh Dale!

Thx for this ...USDCHF has very STRONG RESISTANCE @1.0000....
great target..... lets get into it in steps in multiple lots...
thx Dale!
imdi

EDITED
I am so happy to give few more pips for SL... as this is so good trade as i feel!
  • #1,084
  • Nov 14, 2016 4:14am Nov 14, 2016 4:14am
Quoting dttsomh
Dale, I understand the 10 pips TP is more than enough, but doesn't your SL target get hit way too often? Regards
what do you mean? I rarely got SL.
  • #1,085
  • Nov 14, 2016 6:06am Nov 14, 2016 6:06am
Hi Dale,

I have been through your tread 3 times now, it convinced me to register here.

You look like one of those very rare traders.

Your work here is very much appreciated.

I have been trading for a few years now but I'm still struggling with consistency, I've been studying paid and free in RTM for quiet some time now and found some great help by reading Reds journal on FF over and over.

If you don't mind could you walk us through your daily routine.

I understand you want to hold back details but a general walk through to point us in the correct direction would be amazing.

It would be a dream to contribute to this wonderful place you have created.

Thanks again for your time.
  • #1,086
  • Nov 14, 2016 6:11am Nov 14, 2016 6:11am
Quoting imdisaait
{quote} Aaaaahhhhh Dale! Thx for this ...USDCHF has very STRONG RESISTANCE @1.0000.... great target..... lets get into it in steps in multiple lots... thx Dale! imdi EDITED I am so happy to give few more pips for SL... as this is so good trade as i feel!
good point, i have my stops at 1.0005
  • #1,087
  • Nov 14, 2016 6:39am Nov 14, 2016 6:39am
hi dale any suggestion for gold and euro.....
  • #1,088
  • Nov 14, 2016 7:28am Nov 14, 2016 7:28am
Quoting rashidyousuf
hi dale any suggestion for gold and euro.....
My swing opinion is that euro could surprise today and go up (that is partly the reason Iam shorting usd/chf which is highly corellated with eur/usd). No opinion on gold.
  • #1,089
  • Nov 14, 2016 7:31am Nov 14, 2016 7:31am
Quoting Trader-Dale
{quote} My swing opinion is that euro could surprise today and go up (that is partly the reason Iam shorting usd/chf which is highly corellated with eur/usd). No opinion on gold.
your sell level is 100 pips above current price ( the difference was even greater when you posted the levels) , so I guess it will have to go up to hit that level.
  • #1,090
  • Nov 14, 2016 7:57am Nov 14, 2016 7:57am
Quoting Trader-Dale
{quote} My swing opinion is that euro could surprise today and go up (that is partly the reason Iam shorting usd/chf which is highly corellated with eur/usd). No opinion on gold.
thanks dale appriciated
  • #1,091
  • Nov 14, 2016 7:59am Nov 14, 2016 7:59am
Quoting Trader-Dale
There is a possible swing short for usdchf now with a good potential. 3 possible targets. Have a look. Hurry up {image}
HI Dale,
Do you still think there is a short on U/CHF? I just saw the post, and it was done 4 hours ago.
  • #1,092
  • Nov 14, 2016 8:00am Nov 14, 2016 8:00am
Quoting shimmering
{quote} your sell level is 100 pips above current price ( the difference was even greater when you posted the levels) , so I guess it will have to go up to hit that level.
and if it goes there today... then it is premature to try to short it. It will go higher and it it will not top out today.

My 2 cents
  • #1,093
  • Nov 14, 2016 8:02am Nov 14, 2016 8:02am
Quoting shimmering
{quote} HI Dale, Do you still think there is a short on U/CHF? I just saw the post, and it was done 4 hours ago.
Iam still in the trade and it doesnt look that good now, but there is no reason to close it. Open of US session can turn the tide
  • #1,094
  • Nov 14, 2016 8:10am Nov 14, 2016 8:10am
Quoting Trader-Dale
Hello again my friends. Here we go again Intraday levels for 14.11.2016 PT 10 pips, SL 12 pips. Happy trading {image} {image}
Hey guys, for the Long trades do you add the spread?
  • #1,095
  • Nov 14, 2016 9:15am Nov 14, 2016 9:15am
Quoting Trader-Dale
There is a possible swing short for usdchf now with a good potential. 3 possible targets. Have a look. Hurry up {image}
Dale, did you get stopped out on this short trade?
  • #1,096
  • Nov 14, 2016 9:17am Nov 14, 2016 9:17am
Got stopped on the usdchf short. Still it was a good trade with a very good risk reward ratio. No need to feel bad about it if you took it.
  • #1,097
  • Nov 14, 2016 9:40am Nov 14, 2016 9:40am
Quoting Avail
Hi Dale, I have been through your tread 3 times now, it convinced me to register here. You look like one of those very rare traders. Your work here is very much appreciated. I have been trading for a few years now but I'm still struggling with consistency, I've been studying paid and free in RTM for quiet some time now and found some great help by reading Reds journal on FF over and over. If you don't mind could you walk us through your daily routine. I understand you want to hold back details but a general walk through to point us in the correct...
Thanks very much! I am glad you like this thread. As of my daily routine, Before the start of the eu session 1. see the main data for the day, 2. look at daily charts for trends and obvious supports/resistances from higher timeframes. This way I create sort of overview what I expect generally from the market today. Lets say for today - extremely strong selling activity for eur/usd (starting with the election day). Today I expect rotation or downmove. Rotation was more probable because it is Monday (and Thursday and Friday were without a trend). Iam also aware of the fact that eur/usd is getting near the low of this year (possible daily support).
So because of this I only want to look for possible pullbacks to the downtrend and Iam carefull for strong buying reactions around the low of the year. I do simillar analysis for all 4 pairs that I do intraday. After that I search for places using market profile/orderflow and price action (lower timeframes) for my intraday levels.
Once in a few days I make updates to my swing trade levels - in a simillar way only using higher timeframes.
If there are no levels near to trade I analyse my trades, go through previous trades, do some backtesting, optimalisation, etc...quite a lot of work even if it doesnt look like it. It is also a good thing to predict the time when the markets wont be volatile so you dont have to be the whole day near the computer (Mondays, end of session, rotation, holidays etc...).
It is good if trading becomes a routine (in a good way) because you dont make mistakes, follow rules and become a professional.
  • #1,098
  • Nov 14, 2016 9:58am Nov 14, 2016 9:58am
[quote=Trader-Dale;9250829]Got stopped on the usdchf short. Still it was a good trade with a very good risk reward ratio. No need to feel bad about it if you took it.[/
to me it doesn't make sense to have placed a SL there, because I think you were a sitting duck, being such an obvious resistance. Wouldn't it make more sense to sell at 1.0000?
  • #1,099
  • Nov 14, 2016 10:08am Nov 14, 2016 10:08am
HELLO every body,
because every body say feel good about USDCHF trade, I move SL and keep going maybe lucky.
  • #1,100
  • Nov 14, 2016 10:37am Nov 14, 2016 10:37am
Mine still running.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-m15-oanda-division4.png Size: 34 KB
3 traders viewing now