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Trader Dale - daily trading levels

  • #2,461
  • Dec 22, 2016 8:01am Dec 22, 2016 8:01am
Final TP is 0.7200 then I'm hoping for reversal upwards once more
  • #2,462
  • Dec 22, 2016 8:31am Dec 22, 2016 8:31am
Quoting Prax
{quote} I'm short on this one atm, took it at 0.72164, have hit 10 pips and taken half, moved SL to 4 pips.
How come you went short at 0.72164?
  • #2,463
  • Dec 22, 2016 8:45am Dec 22, 2016 8:45am
Quoting NaughtyPip
{quote} How come you went short at 0.72164?
Just based on the PA at 1000 and again at 1300 at this level. All my experience thus far has been PA and I'm going to try and add volume/market profile into my trading but still learning.
  • #2,464
  • Dec 22, 2016 9:11am Dec 22, 2016 9:11am
Anyone in UJ?
  • #2,465
  • Dec 22, 2016 9:14am Dec 22, 2016 9:14am
not me ..
  • #2,466
  • Dec 22, 2016 9:15am Dec 22, 2016 9:15am
Quoting radaway
not me ..
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  • #2,467
  • Dec 22, 2016 9:17am Dec 22, 2016 9:17am
ozzy coming now aswell, if this one works out aswell ill be a happy chappy
  • #2,468
  • Dec 22, 2016 9:31am Dec 22, 2016 9:31am
Quoting NaughtyPip
ozzy coming now aswell, if this one works out aswell ill be a happy chappy
turned away from 2 pips
  • #2,469
  • Dec 22, 2016 9:33am Dec 22, 2016 9:33am
my rule is it needs to move away the full 10, 3 pips or less from entry to be disqualified
  • #2,470
  • Dec 22, 2016 9:57am Dec 22, 2016 9:57am
uj long missed by 2 pips for me so wont use again
  • #2,471
  • Dec 22, 2016 9:58am Dec 22, 2016 9:58am
Quoting radaway
{quote} turned away from 2 pips
Damn, proposed entry point was a couple pips too high i guess - annoying when that happens!
  • #2,472
  • Dec 22, 2016 10:08am Dec 22, 2016 10:08am
ok well thats me done for today, will probably be around tomorrow. Have a nice evening
  • #2,473
  • Dec 22, 2016 10:19am Dec 22, 2016 10:19am
Quoting NaughtyPip
ok well thats me done for today, will probably be around tomorrow. Have a nice evening
better luck next time mate... we need more spin doctors when TD's away
addicted
  • #2,474
  • Dec 22, 2016 10:30am Dec 22, 2016 10:30am
Quoting simond2002
{quote} Exactly. This is what saddens me with threads like this that I've watched with mild interest ever since the OP began advertising it in various other threads around FF including one that I'm subscribed to. Everything a trader needs to know including profit target is clearly written into the candles that are market structure. And although it very well may be the case that market profiles etc can give an experienced trader a certain edge, like indicators they are the kiss of death to anyone who doesn't yet fully understand price-action. Moreover,...
I will have to kindly disagree with you here. I wish like hell someone would have taught me about Volume profile, Footprint charts, tape reading, futures data, ect... in the beginning. It would have cut out a year and a half of wasted time, and would have cut out several bad habits. Price action isn't rocket science:
Price action is the movement of a security's price. Price action is encompassed in technical and chart pattern analysis, which attempt to find order in the sometimes seemingly random movement of price. Swings (high and low), tests of resistance and consolidation are some examples of price action.

Trading is as simple as finding out "Where people are buying" and "Where people are selling". The problem is most don't know where S/R levels are. Let alone if someone is buying or selling at them -- because they don't have the information. Most beginners will look at a chart and think... ohh this looks like resistance... I will put a line here and blindly buy or sell when it get's here based on a doji or some animal pattern. Meanwhile the professional is seeing exactly how many contracts were sold at a specific price... waiting for price to approach there level and looking at there Footprint/Tape/Bookmap charts to see if there is a buy/sell imbalance. That is a huge edge!
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  • #2,475
  • Dec 22, 2016 10:55am Dec 22, 2016 10:55am
Quoting ziggy
My final post of the year, Merry Christmas & Happy New Year to all, and a thought for those who are looking to get the full market profile and "numbers", ie the contracts traded at each location in real time. These are great tools in experienced hands, but can be as confusing as hell when you see them happening in real time. Dale made the comment that they are not the holy grail, it is so important that new traders put in the screen time and learn to feel what is going on inside the market, it cannot be learnt from a book, only seeing it happen...
Hello Ziggy, Dale, and everyone else on this thread! I am super brand new to this, 2 months. I'm trying to do it the smart way and not jump into it blindly with real money so I've been using a practice templet. I've learned quite a bit so far, but have not managed to lock in a comfortable "pattern" to follow. I started reading Trader Dales page yesterday and everyone is so supportive, especially to new people. Not to mention Dale, you seem to knock it out of the park more often then not. So I am now a member and following the "wizard" Dale. I do hope I don't annoy anyone on here with stupid questions, I'm just learning. Just wanted to introduce myself and I can't wait for Jan 3rd!
  • #2,476
  • Dec 22, 2016 11:08am Dec 22, 2016 11:08am
Quoting lKeithStone
{quote} I will have to kindly disagree with you here. I wish like hell someone would have taught me about Volume profile, Footprint charts, tape reading, futures data, ect... in the beginning. It would have cut out a year and a half of wasted time, and would have cut out several bad habits. Price action isn't rocket science: Price action is the movement of a security's price. Price action is encompassed in technical and chart pattern analysis, which attempt to find order in the sometimes seemingly random movement...
I quote:



PRICE ACTION

“Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame .
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden
1) Price will either breakout of the high, low or both of the previous bar
2) Price will not breakout of the previous bar.

You cannot reduce it any further. Anything else complicates the issue.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,477
  • Dec 22, 2016 11:45am Dec 22, 2016 11:45am
Anyone thinking to go long on USDCAD at 1.3428?
  • #2,478
  • Dec 22, 2016 11:45am Dec 22, 2016 11:45am
Footprint EU6 eur futures

current screen shot footprint imbalance

supply and demand indi below should you care to utilize it.

happy xmas
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  • #2,479
  • Dec 22, 2016 11:49am Dec 22, 2016 11:49am
Quoting lKeithStone
{quote} I will have to kindly disagree with you here. I wish like hell someone would have taught me about Volume profile, Footprint charts, tape reading, futures data, ect... in the beginning. It would have cut out a year and a half of wasted time, and would have cut out several bad habits. Price action isn't rocket science: Price action is the movement of a security's price. Price action is encompassed in technical and chart pattern analysis, which attempt to find order in the sometimes seemingly random movement of price. Swings (high and low),...

Foot prints, and delta profiles tpo, essential tools with futures, and help also forex trading.
about forex futures, which one leads which one ?
  • #2,480
  • Dec 22, 2016 12:10pm Dec 22, 2016 12:10pm
Look good.there was a battle this night Volumes were high.
Quoting KhalidY
Anyone thinking to go long on USDCAD at 1.3428?
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