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Trader Dale - daily trading levels

  • #1,501
  • Dec 5, 2016 2:32am Dec 5, 2016 2:32am
Thanks for today`s levels .. AUD/usD sell setup is valid now or should wait ?
  • #1,502
  • Dec 5, 2016 2:33am Dec 5, 2016 2:33am
Quoting Trader-Dale
Intraday levels for 5.12.2016 PT 10 pips, SL 12 pips. Happy trading Iam not trading euro today. {image} {image}

Good week Dale I haven't seen for many days ago big selling orders on USDCAD from your side, do you think that a big swing trading level is coming for this pair?
Looking for profitable short term trades ...|
  • #1,503
  • Dec 5, 2016 2:39am Dec 5, 2016 2:39am
Quoting rabhni
{quote} Ziggy/Dale, If we go with Dales report I see that we would have gotten 478 pips from (73 Wins, 21 fails and 2 BE) Sep 1st onwards.. I believe Dale's report doesn't include the trades from Asian session. Comparing this with Ziggy's report (I take that this include trades from Sep 1st onward as well), I see total pips are almost same (only a difference of 12 pips) Can you please confirm this? We would be better of trading with small stop loss (12 pips) as it won't be easy to handle bigger stops psychologically if we are babysitting a trade....
Hi Rabhni - I only posted the 20/20 results because I was aware that some people were struggling with stops/spreads/trade managing etc. I certainly would not recommend that a 20/20 approach is a better way, it almost certainly isn't, but some people find it easier and less stressful to simply enter the trade and not have to consider the best way of managing it. What I was trying to show is that using Dales levels and being aware of the market (news/prior tests) is a great way of getting into a trade, and once in even the most simple form of managing can work very well. Dale is without doubt the man to try to emulate!! Cheers Ziggy
  • #1,504
  • Dec 5, 2016 2:52am Dec 5, 2016 2:52am
Quoting ziggy
{quote} Hi Rabhni - I only posted the 20/20 results because I was aware that some people were struggling with stops/spreads/trade managing etc. I certainly would not recommend that a 20/20 approach is a better way, it almost certainly isn't, but some people find it easier and less stressful to simply enter the trade and not have to consider the best way of managing it. What I was trying to show is that using Dales levels and being aware of the market (news/prior tests) is a great way of getting into a trade, and once in even the most simple form...
Got it, thanks Ziggy.
  • #1,505
  • Dec 5, 2016 3:04am Dec 5, 2016 3:04am
Quoting sucess4hasee
Thanks for today`s levels .. AUD/usD sell setup is valid now or should wait ?
Aud levels are valid. Be carefull and dont leave limit orders during AUD cash rate decision.
  • #1,506
  • Dec 5, 2016 3:06am Dec 5, 2016 3:06am
Quoting Js3mwtRc
{quote} Good week Dale I haven't seen for many days ago big selling orders on USDCAD from your side, do you think that a big swing trading level is coming for this pair?
Iam not planning any big swing shorts for usd/cad. My guess is that it will go up even more.
  • #1,507
  • Dec 5, 2016 3:17am Dec 5, 2016 3:17am
Quoting Trader-Dale
{quote} Iam not planning any big swing shorts for usd/cad. My guess is that it will go up even more.
Dale, do you trade full time? all day screening-mode?
  • #1,508
  • Dec 5, 2016 3:28am Dec 5, 2016 3:28am
Quoting DavidRP
{quote} Dale, do you trade full time? all day screening-mode?
I do.
  • #1,509
  • Dec 5, 2016 4:14am Dec 5, 2016 4:14am
Quoting Trader-Dale
{quote} Iam not planning any big swing shorts for usd/cad. My guess is that it will go up even more.
I see this too on 4 hours chart there is a good buying interest, bears should worry
Looking for profitable short term trades ...|
  • #1,510
  • Dec 5, 2016 4:42am Dec 5, 2016 4:42am
wonder did anyone see my query re the colored MA with/without steps ?
  • #1,511
  • Dec 5, 2016 7:09am Dec 5, 2016 7:09am
This indi is pretty handy for anyone interested in this approach with mt4

Attached Image (click to enlarge)
Click to Enlarge Name: 8104958213324019a2704c26e925c964.png Size: 124 KB


You can get it here: http://www.forexfactory.com/showthread.php?p=7962156#post7962156
  • #1,512
  • Edited 8:25am Dec 5, 2016 8:06am | Edited 8:25am
Correct me if I'm wrong(wich I probably am) I shorted eur/aud at 1.43770 since it broke previous days resistance line and probably drop to at least 1.43136 as this was previous days Point of control. I am new and playing on demo account and just trying to learn. Do you all think I'm on the right track with this trade? One question I have is I started this morning at 7:00 central time U.S. and notice all major break out's already happened. When does the market move the most and best time to trade?
  • #1,513
  • Dec 5, 2016 9:07am Dec 5, 2016 9:07am
Quoting NaughtyPip
This indi is pretty handy for anyone interested in this approach with mt4 {image} You can get it here: http://www.forexfactory.com/showthread.php?p=7962156#post7962156
Wow,
This indicator show levels really close to those levels Dale's given us.
Thanks
  • #1,514
  • Dec 5, 2016 12:50pm Dec 5, 2016 12:50pm
Has anyone traded AUD/USD? Looks like it was a SL.

Dale, do you think the Euro news after the trade got kicked in is the culprit? Do you usually close the trade if a news in the vicinity?
  • #1,515
  • Edited 5:05pm Dec 5, 2016 4:09pm | Edited 5:05pm
Quoting rabhni
Has anyone traded AUD/USD? Looks like it was a SL. Dale, do you think the Euro news after the trade got kicked in is the culprit? Do you usually close the trade if a news in the vicinity?
I got SLed on AUDUSD too.
6 pip reaction, then SL. I do be at 8pips.
6pips later it turned back.

IMHO ,there were many pivot highs around 7495-98, so SL hunt made this retrace so late.

Cash rate decision is in 5 hrs.
  • #1,516
  • Dec 5, 2016 4:16pm Dec 5, 2016 4:16pm
Quoting rabhni
Has anyone traded AUD/USD?
yup it was s.l.
  • #1,517
  • Dec 6, 2016 12:53am Dec 6, 2016 12:53am
Quoting NaughtyPip
This indi is pretty handy for anyone interested in this approach with mt4 {image} You can get it here: http://www.forexfactory.com/showthread.php?p=7962156#post7962156
Its nice indicator have used long time for POC's and LOD's
only problem it is CPU intensive, i once found authors web pages, would like to ask him, update the code , not updating a chart every tick.
if someone knows the authors web pages please share.
  • #1,518
  • Edited 2:53am Dec 6, 2016 2:04am | Edited 2:53am
Intraday levels for 6.12.2016
PT 10 pips, SL 12 pips.
Happy trading
Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: 6.12. print2.png Size: 255 KB
  • #1,519
  • Dec 6, 2016 2:31am Dec 6, 2016 2:31am
Hello DALE , and every body here.
DALE ,Can you look USDCAD , 3374 or 3411 is correct?THANKS for your help .
  • #1,520
  • Dec 6, 2016 2:47am Dec 6, 2016 2:47am
Quoting rabitt1965
Hello DALE , and every body here. DALE ,Can you look USDCAD , 3374 or 3411 is correct?THANKS for your help .
3324 and 3374. sorry about that. I will correct it.
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