Trader Dale - daily trading levels

Quoting ziggy

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I thought it was worth a try, moved stop to BE very early, half off now at +10 and am prepared to look for a bit more on the balance Thanks Dale{image}

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Quoting Trader-Dale

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Hello my friends! In this thread I will post my daily predictions on intraday trading levels. My trading levels are based mostly on Market profile, orderflow and price action. You are all welcome here to trade them and I would love some feedback from you on how you like them and if you trade them sucessfully.

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Quoting C01n

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Hi Dale, First, thanks for your sharing. May I ask why don't you trade directly the futures instead of converting your analysis into the currency charts which can have different prices (specially 6C and 6J which are inverted) ? Good continuation. Regards

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Quoting richi69

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{quote} hi Dale, First of all, thank you very much for your effort and your daily insight. I have really very similar strategy. Your aud/usd level was exactly the same as mine (this happened several times in the past - all trades hit TP). I use futures data from CQG. I just wanted to ask what data feed do you use and whether there is some difference compared to CQG. Thanks, R

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Quoting Trader-Dale

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{quote} trading Forex is much cheaper than futures. I myself watch futures on one monitor and trade forex on the other monitor. So for 6C and 6J I must be carefull to remember they are inverted I do the converting of 6C and 6J thing just for you guys

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Quoting Trader-Dale

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The tsunami/earthquake in Japan could be a catalyst for the eur/usd to go up and for usd/jpy to go down. Eur and jpy are considered "safe heaven" among currencies so when something like this happens there is high demand for these safe currencies and they tend to strenghten. I myself have these two trades opened as swing trades. Of course I wish the people from Japan all the best.

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Quoting shimmering

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{quote} Where are your TP Dale?

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Quoting C01n

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{quote} Hi, Maybe you've got a bad broker but for me, trading futures is much cheaper than it was with forex. I have a fixed commission of around $4.50 for forex futures and it represents 1 forex lot (100k). Not to mention good liquidity and spreads. Maybe I am wrong and you meant something else. Do you have cheaper commissions ? By the way nothing to push here, I'm just saying to talk about it since you mentioned futures. Peace

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Quoting Trader-Dale

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{quote} I trade with IC markets and Iam quite happy with them. But of course there could be brokers with good futures commissions.

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Quoting imdisaait

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{quote} Hi dale Happy to hear that you worked with IC markets, I had few bad experiences with them too..... during the news, IC MARKET has very high spikes...... so be careful... anyway , i am so sure you much experienced than me imdi

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Quoting Trader-Dale

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of course, no trading during post-macro spikes.

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Quoting ziggy

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{quote} I really hope that everyone has taken heed, not a good time to be trying to use set & forget limit orders when the dollar is in this mood!!{image}

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Quoting suirad0

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{quote} hey are you using MT5? as i can see you have alerts at price levels, is it correct? i once remember i searched for this option on MT4 and just after months realized that it could be at MT5 only

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