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Trader Dale - daily trading levels

  • #3,241
  • Jan 10, 2017 9:15am Jan 10, 2017 9:15am
Quoting marindosidah
{quote} what indicators do u use?
Quoting ziggy
{quote} Keith is most likely asleep give his location. As I understand Keith is using sierra charts and the "indicator" is a tick volume profile which is built into the sierra package. What he is showing is that whilst the futures & spot market are very similar, there are some small differences, and in the trading world a small difference can be the difference between profit or loss. In particular he is kindly pointing out that the most significant location on the chart, the point of control, is slightly different. This is why futures traders can...
Great explanation Ziggy! Thanks!

  • #3,242
  • Jan 10, 2017 9:20am Jan 10, 2017 9:20am
Quoting Trader-Dale
{quote} Is there a place to download the market profile visualization you are using? Is it free or paid? It looks very good.
Hey Trader-Dale! I use Sierra Chart. There is a monthly fee for the software ($36)... maybe cheaper if your futures broker offers a discount. All of the tools I'm using come with the software (VP-TPO-Footprint).

  • #3,243
  • Jan 10, 2017 9:47am Jan 10, 2017 9:47am
Quoting Lookleft
{quote} Closed mine at 1.3200 having taken half after 10 pips. That's what I call a reaction
wow! good job!
  • #3,244
  • Jan 10, 2017 9:48am Jan 10, 2017 9:48am
Quoting lKeithStone
{quote} Hey Trader-Dale! I use Sierra Chart. There is a monthly fee for the software ($36)... maybe cheaper if your futures broker offers a discount. All of the tools I'm using come with the software (VP-TPO-Footprint).
thanks very much
  • #3,245
  • Jan 10, 2017 9:50am Jan 10, 2017 9:50am
Quoting NaughtyPip
{quote} forex, yes i had the same poc
stopped out as well.....again
  • #3,246
  • Jan 10, 2017 9:57am Jan 10, 2017 9:57am
Quoting burntcandle
{quote} stopped out as well.....again
same here head up, another bus is coming soon
  • #3,247
  • Jan 10, 2017 10:29am Jan 10, 2017 10:29am
Hi Dale, can I ask why you don't trade the GBP at all?
Always look for reasons not to take a trade
  • #3,248
  • Jan 10, 2017 10:38am Jan 10, 2017 10:38am
Quoting tarik113
Hello all please I want to know from where you all get the provided data and is it free or paid ? The question is directed firstly to mister Dale and I don't mind the answers of others of course
I think Dale didn't see my question so I quote it again
  • #3,249
  • Jan 10, 2017 10:42am Jan 10, 2017 10:42am
Quoting ziggy
I see the Donald is due to give a press conference tomorrow................... could be a bit of whipsawing going on as every word, or gesture, prompts a reaction. It's not been unknown for him to be a tad unpredictable has it Wouldn't you want to know what side of the market his "friends" will be taking {image}
I say if he says anything towards a specific county it may give some opportunity even at jab at Yellen.
  • #3,250
  • Jan 10, 2017 10:43am Jan 10, 2017 10:43am
Quoting tarik113
{quote} I think Dale didn't see my question so I quote it again
if you are asking about the levels, they are provided free by Dale each day generally between 08:00 & 08:45 each day (UK time). If you are asking about setting your screen up, it's covered in post 1
  • #3,251
  • Edited 11:02am Jan 10, 2017 10:50am | Edited 11:02am
Looking to long on EUR/GBP at .8671 / Stop -12 / !st target is +10 if hits move stops to B/E +1 / 2nd target is .8690.

Looking to short USD/CHF ay 1.0179 / Stop -12 / 1st target is +10 if hits move stops to B/E +1 / 2nd target is 1.0135.

The 2nd target may adjust based on changing sentiment will update if that changes.

Setups are good til EOD
  • #3,252
  • Jan 10, 2017 10:57am Jan 10, 2017 10:57am
Quoting XxixixX
Looking at a long on EUR/GBP at .8671 / Stop -12 / !st target is +10 if hits move stops to B/E +1 / 2nd target is .8690.
Can't see how you have this level - I'm looking right now at 0.8684
  • #3,253
  • Jan 10, 2017 11:00am Jan 10, 2017 11:00am
I see new potential levels:

AUD/USD 0.7343 long

and

USD/JPY 115.95 short
  • #3,254
  • Jan 10, 2017 11:12am Jan 10, 2017 11:12am
Quoting Koulus
I see new potential levels: AUD/USD 0.7343 long and USD/JPY 115.95 short
Same for me, 115,94 short on USDJPY. Approaching fast ...
  • #3,255
  • Jan 10, 2017 11:24am Jan 10, 2017 11:24am
Quoting Prax
{quote} Can't see how you have this level - I'm looking right now at 0.8684
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-m30.png Size: 23 KB
  • #3,256
  • Jan 10, 2017 11:45am Jan 10, 2017 11:45am
Quoting HemDir
{quote} Same for me, 115,94 short on USDJPY. Approaching fast ...
I am out. It seems like the level was a bit higher

edit: SL hit with only 0,5 pip. The level was not bad. After reversal it arrived directly to the TP.
  • #3,257
  • Jan 10, 2017 11:54am Jan 10, 2017 11:54am
Quoting Koulus
{quote} I am out. It seems like the level was a bit higher
had to make stop a bit wider for UJ as it wasn't that close to the actual swing high.
  • #3,258
  • Jan 10, 2017 11:54am Jan 10, 2017 11:54am
Quoting XxixixX
Looking to long on EUR/GBP at .8671 / Stop -12 / !st target is +10 if hits move stops to B/E +1 / 2nd target is .8690. Looking to short USD/CHF ay 1.0179 / Stop -12 / 1st target is +10 if hits move stops to B/E +1 / 2nd target is 1.0135. The 2nd target may adjust based on changing sentiment will update if that changes. Setups are good til EOD
Good call on swissy i +10
  • #3,259
  • Jan 10, 2017 11:56am Jan 10, 2017 11:56am
Quoting Koulus
{quote} I am out. It seems like the level was a bit higher edit: SL hit with only 0,5 pip. The level was not bad. After reversal it arrived directly to the TP.
Exactly 1 pip higher, got stopped out . Wasn't your level perfect ?
  • #3,260
  • Jan 10, 2017 11:59am Jan 10, 2017 11:59am
Quoting NaughtyPip
{quote} had to make stop a bit wider for UJ as it wasn't that close to the actual swing high.
Yes, my fault.
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