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Trader Dale - daily trading levels

  • #2,601
  • Edited 3:16pm Dec 28, 2016 2:41pm | Edited 3:16pm
Quoting KhalidY
{quote} The level you posted worked great. What do you think going long on USDCAD at 1.3532 though? Or anyone?
1.3530 my guess
but can you give some reasons why you opt for a long ?
  • #2,602
  • Dec 28, 2016 5:56pm Dec 28, 2016 5:56pm
Struggling with EU - Shorts for me have to be at 1.0469 - Stops at 1.0481 - just above the high

Perhaps an earlier short at 1.0440/1.0437 - not sure about these

UJ short 117.65
Perhaps short at 117.19?

AU short at 0.7202?

Long for me is anywhere near the low... 0.7166?
  • #2,603
  • Edited 6:46pm Dec 28, 2016 6:31pm | Edited 6:46pm
Quoting radaway
{quote} 1.3530 my guess but can you give some reasons why you opt for a long ?
1.3530 is good as well. Just how I read the level

My reasons for going long @ this level:
- Price moved away from this level forming a big engulfing candle followed by a strong rally.
- Although it encountered some selling pressure on the way but buyers still kept their strength, rally continues.
- High volumes traded on this level.
- VPOC for yesterday formed right 2 pips below at 1.3530 (your suggested price ).
  • #2,604
  • Dec 28, 2016 6:50pm Dec 28, 2016 6:50pm
Quoting Js3mwtRc
{quote} If a level will come out with loss it doesn't mean anything else, but buyers, or sellers just took profits earlier for me and the level lost its interest. Just look now how the level I mentioned earlier became resistance, sellers are trying to move the price down. I am Bearish. Sold EUR/USD near .960 stop loss moved +2 Image (http://c16i.imgup.net/EURUSDM5co8614.png) Update: took profit +15 cheers!
AU just look at it.
at gmt2 midnight dec29
SLs were just consumed till 0.7160 and price went up.
Did that big boy become bullish?
  • #2,605
  • Dec 28, 2016 7:52pm Dec 28, 2016 7:52pm
Quoting fxproUSA
i know this may seem like an obvious or stupid question persay BUT indulge me for a moment plz which pair has the highest volatility / movement ... with the greatest predictability, YES i know eur/usd is the most highly trade but doesnt seem to move much .. some have told me gbp/jpy or usd/jpy ??? any thoughts ???

The most volatile currency pairs are GBP/JPY, EUR/NZD and GBP/AUD.
The least volatile currency pairs are EUR/GBP, NZD/USD and EUR/CHF.

Attached Image
  • #2,606
  • Dec 28, 2016 9:31pm Dec 28, 2016 9:31pm
Quoting radaway
{quote} 1.3530 my guess but can you give some reasons why you opt for a long ?
On my platform 1.3532 is today's S1.
  • #2,607
  • Dec 29, 2016 2:42am Dec 29, 2016 2:42am
Quoting januszo
{quote} AU just look at it. at gmt2 midnight dec29 SLs were just consumed till 0.7160 and price went up. Did that big boy become bullish?

Actually it did

Image (http://n84i.imgup.net/29decompos0582.png)
Looking for profitable short term trades ...|
  • #2,608
  • Dec 29, 2016 3:54am Dec 29, 2016 3:54am
Looking at usd/cad: Long @ 1.3488 / 1st target is +10, 2nd target is 1.3524 (currently today's POC, that may change if POC adjusts lower).
  • #2,609
  • Edited 4:43am Dec 29, 2016 4:29am | Edited 4:43am
+ 10pips on EU - short at yesterdays high (1.04794).
Currently in AU short at 0.7219 (also yesterdays high).
Edit: AU +10 pips
  • #2,610
  • Dec 29, 2016 6:25am Dec 29, 2016 6:25am
Quoting majrou666
+ 10pips on EU - short at yesterdays high (1.04794). Currently in AU short at 0.7219 (also yesterdays high). Edit: AU +10 pips
So Trader Dale says his picks are good till the next time he posts. How long do you guys let your picks stay good? I think I worded that all wrong, sorry, it's early here, but you know what I mean. lol
  • #2,611
  • Dec 29, 2016 10:26am Dec 29, 2016 10:26am
I had 1,3486 level on USDCAD ready but did not entered because of news. It reacted well for 10-12 pips. It was 23.12.2016 POC.
  • #2,612
  • Dec 29, 2016 10:27am Dec 29, 2016 10:27am
Quoting XxixixX
Looking at usd/cad: Long @ 1.3488 / 1st target is +10, 2nd target is 1.3524 (currently today's POC, that may change if POC adjusts lower).
1/2 off at 1st target hit +10, stopped out on rest at b/e when price rejected at 1.3500
  • #2,613
  • Dec 29, 2016 11:00am Dec 29, 2016 11:00am
Thanks for the green pips Xxi... on the L usd/cad; right on target! I'm impressed.
  • #2,614
  • Dec 29, 2016 4:03pm Dec 29, 2016 4:03pm
Quoting XxixixX
Looking at usd/cad: Long @ 1.3488 / 1st target is +10, 2nd target is 1.3524 (currently today's POC, that may change if POC adjusts lower).
Xx, is your second target also long, usd/cad 1.3524?
  • #2,615
  • Dec 29, 2016 5:10pm Dec 29, 2016 5:10pm
Attached Image (click to enlarge)
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Plan, Prepare, Execute, Repeat
  • #2,616
  • Edited 7:13pm Dec 29, 2016 6:09pm | Edited 7:13pm
Quoting burntcandle
{quote} Xx, is your second target also long, usd/cad 1.3524?
It was based on the present day POC (at that time), however with the news release and prices going lower, sentient changed and caused the POC to adjust to 1.3502 (presently).
  • #2,617
  • Dec 29, 2016 6:14pm Dec 29, 2016 6:14pm
I would be very careful trading during the last season of the year. Just monitoring several pairs at the moment and its evident volatility and low liquidity are in play. Its that time of the year when firms may do some adjusting before year end.
  • #2,618
  • Dec 29, 2016 9:02pm Dec 29, 2016 9:02pm
It is safe to trade last sessions of the year....no difference to any other time of the year. It is also wise decision to monitor several pairs at the moment using crystal ball....Firms are doing some adjusting all year long.

last moment purchase of crystal ball online has 20% off.
  • #2,619
  • Dec 29, 2016 9:23pm Dec 29, 2016 9:23pm
USDCAD long 1.3481
  • #2,620
  • Dec 29, 2016 9:38pm Dec 29, 2016 9:38pm
Quoting ruma29
USDCAD long 1.3481
Hi,
How did you get this level? Any reasons?
Thanks
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