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Trader Dale - daily trading levels

  • #1,521
  • 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 .
Hi Rabitt - I have a feeling that both levels are valid, 3374 was the first level yesterday and is most likely the 2nd level today, 3411 looks like a very strong level and could probably remain valid for some days to come unless/until it's touched. Will wait for Dale to give a definitive answer.

Edit--------- He Already Has
  • #1,522
  • Dec 6, 2016 2:56am Dec 6, 2016 2:56am
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?
There was no eur news during the aud trade was there? Iam not sure. I close my intraday trades few minutes before news.
  • #1,523
  • Dec 6, 2016 2:57am Dec 6, 2016 2:57am
Quoting ziggy
{quote} Hi Rabitt - I have a feeling that both levels are valid, 3374 was the first level yesterday and is most likely the 2nd level today, 3411 looks like a very strong level and could probably remain valid for some days to come unless/until it's touched. Will wait for Dale to give a definitive answer. Edit--------- He Already Has
All three levels are strong levels. They will watch them untill they are hit.
  • #1,524
  • Dec 6, 2016 3:22am Dec 6, 2016 3:22am
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?
Hi rabhni,
If you look at the PA for AUD/USD you should have seen a 'beware' signal. Price broke above the daily high and the previous days (Friday's) high. This means buyers will be all over it like a rash and the freight train will start rolling. With that amount of momentum levels, S/R, pivots etc can easily be broken. Don't just watch the level keep an eye on what price is doing as it approaches. There was a nice 20-30 pips to be earned catching that move.
Cheers Lookleft
Never argue with a fool; onlookers may not be able to tell the difference.
  • #1,525
  • Dec 6, 2016 3:28am Dec 6, 2016 3:28am
Quoting Trader-Dale
{quote} There was no eur news during the aud trade was there? Iam not sure. I close my intraday trades few minutes before news.
Not as far as I know Dale, I wasn't actually here so I got away with that one. Looks like the dollar was getting an all round pasting leading into the London fix.... funny how the markets often get pushed to a hi/lo just around 16:00 UK time........... just saying
  • #1,526
  • Dec 6, 2016 3:43am Dec 6, 2016 3:43am
Quoting ziggy
{quote} Not as far as I know Dale, I wasn't actually here so I got away with that one. Looks like the dollar was getting an all round pasting leading into the London fix.... funny how the markets often get pushed to a hi/lo just around 16:00 UK time........... just saying
Very true
  • #1,527
  • Dec 6, 2016 5:01am Dec 6, 2016 5:01am
Quoting Lookleft
{quote} Hi rabhni, If you look at the PA for AUD/USD you should have seen a 'beware' signal. Price broke above the daily high and the previous days (Friday's) high. This means buyers will be all over it like a rash and the freight train will start rolling. With that amount of momentum levels, S/R, pivots etc can easily be broken. Don't just watch the level keep an eye on what price is doing as it approaches. There was a nice 20-30 pips to be earned catching that move. Cheers Lookleft
Thanks LL, good explanation.
  • #1,528
  • Dec 6, 2016 5:02am Dec 6, 2016 5:02am
Quoting Trader-Dale
{quote} There was no eur news during the aud trade was there? Iam not sure. I close my intraday trades few minutes before news.
Thanks Dale.
  • #1,529
  • Dec 6, 2016 5:55am Dec 6, 2016 5:55am
it is safer not to trade the eur level anymore. It was tested 3 pips sooner (on futures)
  • #1,530
  • Dec 6, 2016 6:21am Dec 6, 2016 6:21am
Quoting Trader-Dale
it is safer not to trade the eur level anymore. It was tested 3 pips sooner (on futures)
4 pips in my broker.
  • #1,531
  • Dec 6, 2016 6:25am Dec 6, 2016 6:25am
Dale, is the aud/usd (short 1) on track ? (via futures)
  • #1,532
  • Dec 6, 2016 8:10am Dec 6, 2016 8:10am
Quoting radaway
Dale, is the aud/usd (short 1) on track ? (via futures)
what do you mean "on track"? If you mean if it is still active then yes it is.
  • #1,533
  • Edited Dec 7, 2016 3:08am Dec 6, 2016 8:44am | Edited Dec 7, 2016 3:08am
Is anybody here who took a profit on eur/usd? I didn't take it because I considered it a bit risky.
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  • #1,534
  • Dec 6, 2016 8:56am Dec 6, 2016 8:56am
Quoting Trader-Dale
Is anybody here who took a profit on eur/usd? I didn't take it because I considered it a bit risky. {image}
Have you thought about providing signals on the mql5 website? i'm sure you would make a fortune. Since you say the strategy is too complicated to put down on paper, the main thing you are doing here is providing people the entries (thanks for that btw).
So many in the Commercial section want to make me rich! :o
  • #1,535
  • Dec 6, 2016 8:58am Dec 6, 2016 8:58am
Quoting Trader-Dale
Is anybody here who took a profit on eur/usd? I didn't take it because I considered it a bit risky. {image}
I didn't take it Dale, lots of little movements prior to the level being touched which put it less than an optimum entry for me - but must still be seen as an area that represents some buying value, I haven't found anything to get involved with all day and am now earning some points with "she who must be obeyed" by putting up the Christmas decorations............ I know, sad
  • #1,536
  • Dec 6, 2016 9:25am Dec 6, 2016 9:25am
Quoting Trader-Dale
Is anybody here who took a profit on eur/usd? I didn't take it because I considered it a bit risky. {image}
I didn't. After the level is tested by a short amount of pips I feel like I'm gambling if I take those trades .
  • #1,537
  • Dec 6, 2016 9:34am Dec 6, 2016 9:34am
Quoting ziggy
{quote} I didn't take it Dale, lots of little movements prior to the level being touched which put it less than an optimum entry for me - but must still be seen as an area that represents some buying value, I haven't found anything to get involved with all day and am now earning some points with "she who must be obeyed" by putting up the Christmas decorations............ I know, sad
haha good one! Enjoy
  • #1,538
  • Dec 6, 2016 9:34am Dec 6, 2016 9:34am
Quoting FX-Flux
{quote} Have you thought about providing signals on the mql5 website? i'm sure you would make a fortune. Since you say the strategy is too complicated to put down on paper, the main thing you are doing here is providing people the entries (thanks for that btw).
I havent. I will look into it. Thanx for the tip.
  • #1,539
  • Dec 6, 2016 9:35am Dec 6, 2016 9:35am
Dale, did take the 1.07 25 trade but won't waste it for 10 pips. I have hopes of seeing new highs in E.
Regards
  • #1,540
  • Dec 6, 2016 9:40am Dec 6, 2016 9:40am
Actually I took the 2nd test. Little bit of orderflow magic, too quick to let you know guys. Maybe next time.
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