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Trader Dale - daily trading levels

  • #1,381
  • Nov 29, 2016 5:25pm Nov 29, 2016 5:25pm
Intraday levels for 30.11.2016
PT 10 pips, SL 12 pips.
Happy trading
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  • #1,382
  • Nov 29, 2016 6:10pm Nov 29, 2016 6:10pm
EXCELLENT work TD.... I wonder if there could be levels included for AUDJPY for a couple of weeks so that I can confirm Im getting them somehwere in the ball park , would be most appreciated regards SP
  • #1,383
  • Nov 29, 2016 10:01pm Nov 29, 2016 10:01pm
Quoting Trader-Dale
Intraday levels for 30.11.2016 PT 10 pips, SL 12 pips. Happy trading {image} {image}
Hey Dale,
Just wanted to say a Big Thank you for your efforts here. Its great to be here.
Also have a question about the charts you posted in post # 1382. How do you interpret the volume profile to make these levels? Do you use the point of control or something else?
Your reply would clear a lot of clouds in my head
Thank you Dale.

Khalid Y
  • #1,384
  • Edited 11:01pm Nov 29, 2016 10:48pm | Edited 11:01pm
Quoting Trader-Dale
{quote} Iam not sure I follow you mate. You want to know how I created some level today? Which one?

Dale i still did not get respond from you:

Quoting Trader-Dale
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.
How do you apply orderflow? where that information comes from?

Indicator VPSV is it available in tradingview.com? I searched and couldn't find...How do you order it?
Those green and red shadowed area: what is name of that indicator and how you order/purchase it?

Thank you
  • #1,385
  • Nov 29, 2016 11:24pm Nov 29, 2016 11:24pm
Dale knows the business. I can see how confidence he is because today he also provided a UJ short level eventually become a winner which was very close to the yesterday loser.
Keep up the good work dale
Don't chase the trades but let them come to you.
  • #1,386
  • Nov 30, 2016 1:30am Nov 30, 2016 1:30am
Today 4 profits!!! Did you catch something?
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  • #1,387
  • Nov 30, 2016 1:41am Nov 30, 2016 1:41am
Everything except the short on USDJPY, missed that one . But great day overall! They jump back up so quickly after the entry, it's amazing how accurate these levels are.

Maybe this was already asked, but when do you usually stop trading for the day?

Thanks again Dale

Rfs
  • #1,388
  • Nov 30, 2016 2:24am Nov 30, 2016 2:24am
Quoting Trader-Dale
Today 4 profits!!! Did you catch something? {image} {image} {image} {image}
Hey these levels started earlier today (before Asia), as also my day just started so no chance to catch any
Are you changing when you publish them, and no new levels now after London open?
  • #1,389
  • Nov 30, 2016 2:34am Nov 30, 2016 2:34am
Quoting Trader-Dale
Today 4 profits!!! Did you catch something? {image} {image} {image} {image}
Very nice Dale

I don't think many will have been expecting the levels to have been posted so early.
Are you trading Asia session and not London now?
  • #1,390
  • Nov 30, 2016 2:35am Nov 30, 2016 2:35am
Morning Dale !

the levels for 30.11.2016 are from 9 hrs ago.
Mostly you would post around 0930 EU time...
umm..just wondering
  • #1,391
  • Nov 30, 2016 2:46am Nov 30, 2016 2:46am
Morning all, looks like a great day to be early, not so good if you're late!! Nice going Dale. Sadly I have missed all of these early(ish) entries as I have a bit of a birthday bash to celebrate, my lovely next door neighbour is 100 years old today . Will be a short trading day anyway as proper celebrations start at midday.

well done to all the early birds. Cheers Ziggy
  • #1,392
  • Nov 30, 2016 2:58am Nov 30, 2016 2:58am
Quoting ziggy
Morning all, looks like a great day to be early, not so good if you're late!! Nice going Dale. Sadly I have missed all of these early(ish) entries as I have a bit of a birthday bash to celebrate, my lovely next door neighbour is 100 years old today . Will be a short trading day anyway as proper celebrations start at midday. well done to all the early birds. Cheers Ziggy
How lovely would it be to live that long, if only he was 10 years younger you would of had time to trade as proper celebrations would have commenced at midnight!
  • #1,393
  • Nov 30, 2016 3:06am Nov 30, 2016 3:06am
Hello Ziggy i am relatively new to trading and wonder if you could assist me in a few problems i am having.
Last night i was trading and my currency switched to SWAP can you explain why this happens and what the implications are as it looked to me as if i was trading a different currency to that i had selected.

I also don,t understand the levels that are quoted to open trades as 12 pips stop loss seems pretty low and risky.
And what sort of money levels are we talking about per trade typically?


Cheers in advance
  • #1,394
  • Nov 30, 2016 3:30am Nov 30, 2016 3:30am
Hope Dale is getting some sleep.
Ziggy have a great day, don't let the neighbour go to mad, no clubs, light dancing only, You can go nuts but have to tell us about it tomorrow


The levels still in play today are

Eur/Usd Long 1.06130 (but their is a turn 6 pips before the level)
Eur/Usd Short 1.07230
Aud/Usd Short 0.75240

Please double check these for yourself.
  • #1,395
  • Nov 30, 2016 5:29am Nov 30, 2016 5:29am
Quoting Jinky
Hello Ziggy i am relatively new to trading and wonder if you could assist me in a few problems i am having. Last night i was trading and my currency switched to SWAP can you explain why this happens and what the implications are as it looked to me as if i was trading a different currency to that i had selected. I also don,t understand the levels that are quoted to open trades as 12 pips stop loss seems pretty low and risky. And what sort of money levels are we talking about per trade typically? Cheers in advance
Hi Jinky,

I would say you were trading at the time one day rolls over into the next, different brokers treat this in different ways, some will charge interest which in principle is you get the prevailing interest paid to you on the currency you have bought, and you pay interest on the currency you have sold, the broker always takes a cut so these days and on these pairs there will be an overnight charge. Some simply charge you a spread charge for what they call the "rollover", and some - which I expect is what you encountered will close out the position and simultaneously open a new one, "swapping" out the position. You need to check with your broker to find out what they do as one day rolls into the next. It's different if you are trading futures, there is no swap until the contract itself expires.

The risk of how much to trade is down to each individual, for me if I had £1000 in my trading account I would risk 2% of that on every trade, so £20, I'd then divide that by the stop I am using, it doesn't have to be 12 pips but that is what Dale uses, so my pip value on that trade would be £1.67 for every £1000 in my trading bank. I spread bet the trades & simply "bet" the £ value per pip. If you are trading in lots then you would need to work out the number of (probably mini) lots that you need to trade. This is all obviously dependant upon your own size of trading bank, your own pain threshold for the risk %, and your trading experience. I add trading experience because please please please don't trade with large amounts until you know what you are doing to the point of it being automatic. I can tell you that when I first started trading many years ago I thought I was invincible........ I wasn't, and it hurt........... a lot. Trading is likely to be around for many many years to come, get it right and you will have financial freedom, but don't rush it as if you do you will almost certainly get hurt. Cheers Ziggy
  • #1,396
  • Nov 30, 2016 6:58am Nov 30, 2016 6:58am
Quoting OsaFX
Dale knows the business. I can see how confidence he is because today he also provided a UJ short level eventually become a winner which was very close to the yesterday loser. Keep up the good work dale
Unfortunately not, I am at work and it is very difficult
  • #1,397
  • Edited 1:27pm Nov 30, 2016 7:29am | Edited 1:27pm
Another profit!! Today 5 profit !! I hope you caught something...
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  • #1,398
  • Nov 30, 2016 7:32am Nov 30, 2016 7:32am
Quoting Trader-Dale
{quote} 74 % If calculated for RRR 1:1. With my RRR=0,83 the winning ratio is higher.
Thanks.. How many trades? hundreds?
  • #1,399
  • Nov 30, 2016 7:42am Nov 30, 2016 7:42am
Oh, I was so close to the EUR/USD missed it by 1 pip

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  • #1,400
  • Nov 30, 2016 7:46am Nov 30, 2016 7:46am
Quoting ziggy
{quote} Hi Jinky, I would say you were trading at the time one day rolls over into the next, different brokers treat this in different ways, some will charge interest which in principle is you get the prevailing interest paid to you on the currency you have bought, and you pay interest on the currency you have sold, the broker always takes a cut so these days and on these pairs there will be an overnight charge. Some simply charge you a spread charge for what they call the "rollover", and some - which I expect is what you encountered will close...
Hi Ziggy,
Thank you for the very comprehensive reply and helping educate me, how does one trade futures?
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