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Trader Dale - daily trading levels

  • #3,941
  • Jan 20, 2017 4:22am Jan 20, 2017 4:22am
Quoting Trader-Dale
{quote} I think It would be wise to exit before 1.0650. There are heavy volumes indicating possible short.
Ok let me take +10 then

Thanks for the heads up.

Akif,
  • #3,942
  • Jan 20, 2017 4:25am Jan 20, 2017 4:25am
Quoting akift
UJ nice +10. EU still open. Akif,
Akif, Hanging Tough
  • #3,943
  • Jan 20, 2017 4:37am Jan 20, 2017 4:37am
+15 EU Thanks Dale and thanks Akif for the company.....!
Always look for reasons not to take a trade
  • #3,944
  • Jan 20, 2017 4:42am Jan 20, 2017 4:42am
Quoting akift
uj nice +10. Eu still open. Akif,
1.0640 stoploss da beklemenİ tavsİye ederİm
  • #3,945
  • Jan 20, 2017 4:47am Jan 20, 2017 4:47am
eur/usd turned into negative territory weekly
Attached Image (click to enlarge)
Click to Enlarge Name: EURO 20.png Size: 43 KB
  • #3,946
  • Jan 20, 2017 4:57am Jan 20, 2017 4:57am
Well thanks Dale for helping me bank that +10.

And this my M1 Market Statistics view of EU:
Precise reaction from first Std Dev of Daily VWAP. Clear short signal.
Easy on hindsight
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 46 KB

Akif,
  • #3,947
  • Jan 20, 2017 5:11am Jan 20, 2017 5:11am
Quoting Trader-Dale
{quote} Good job mate! You really outsmarted the market today!!!
hahaha - I wish Just took the view that the level was in dollar terms pretty much the same thing, and didn't want to double up the risk. I did take -20 on both, but in £ terms it was still half risk on each. Got it all back on the next euro & yen trades, wanted to hold on but it would have been against a pretty strong current so I took 10 & 12 out of them at full stakes on both Win some lose some, just as long as the graph goes from bottom left to top right I'm a happy old man
  • #3,948
  • Jan 20, 2017 5:15am Jan 20, 2017 5:15am
Hi Dale are you still holding the AUDJPY and AUDCAD swing shorts?
  • #3,949
  • Jan 20, 2017 5:31am Jan 20, 2017 5:31am
Quoting Trader-Dale
{quote} I think It would be wise to exit before 1.0650. There are heavy volumes indicating possible short.

Have you got a screen shot Dale?
  • #3,950
  • Jan 20, 2017 5:42am Jan 20, 2017 5:42am
EU returned from SD2, running to the VWAP.
VWAP will be positioned probably around the previous POC of today's profile (around 1.0658) when price reaches it.
It looks like there will be a nice short opportunity there.
Lets wait and see.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 66 KB

Akif,
  • #3,951
  • Jan 20, 2017 5:51am Jan 20, 2017 5:51am
Thank you so much Dale, Ziggy and all experts for sharing your precious ideas. Dale, you earlier referred to http://www.cmegroup.com/trading/fx/g10/euro-fx.html. Can you please help me interpreting the following. What does it tell and how is it helpful?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Futures.jpg Size: 111 KB
Click to Enlarge Name: Screenshot1.png Size: 392 KB
  • #3,952
  • Jan 20, 2017 6:29am Jan 20, 2017 6:29am
Quoting sanaulhaq
Thank you so much Dale, Ziggy and all experts for sharing your precious ideas. Dale, you earlier referred to http://www.cmegroup.com/trading/fx/g10/euro-fx.html. Can you please help me interpreting the following. What does it tell and how is it helpful? {image} {image}
for the purposes that it's being used for look to the right & you'll see volume, you'll see for March there are 73,570 contracts traded, for June only 69. Futures contracts are 3 monthly, the nearest expiry is the March contract and unsurprisingly it is the most heavily traded. This means that Dale, and anyone else looking at the futures chart, will look at the chart for the March expiry to base their analysis on. When the June contract overtakes the March contract in terms of volume traded, they will switch to the June chart to base their decisions on. For the purposes of anyone not looking to either trade futures, or extract information from it - it is of no value, that means for 99% of retail traders they will just look at spot market charts such as mt4
  • #3,953
  • Jan 20, 2017 6:35am Jan 20, 2017 6:35am
Quoting Avail
Hi Dale are you still holding the AUDJPY and AUDCAD swing shorts?
Iam.
  • #3,954
  • Jan 20, 2017 6:41am Jan 20, 2017 6:41am
Attached Image (click to enlarge)
Click to Enlarge Name: EURO201.png Size: 56 KB
  • #3,955
  • Jan 20, 2017 6:51am Jan 20, 2017 6:51am
Quoting Adem71
EURO201.png;2148826 {image}
Hi Adem71
maybe some thoughts too on the picture you tagged will be good for us too. some text and intention to highlight the picture will be go a long way in understanding the complete scenario.So if you could pl.
Thanks
  • #3,956
  • Jan 20, 2017 7:10am Jan 20, 2017 7:10am
Quoting ziggy
{quote} for the purposes that it's being used for look to the right & you'll see volume, you'll see for March there are 73,570 contracts traded, for June only 69. Futures contracts are 3 monthly, the nearest expiry is the March contract and unsurprisingly it is the most heavily traded. This means that Dale, and anyone else looking at the futures chart, will look at the chart for the March expiry to base their analysis on. When the June contract overtakes the March contract in terms of volume traded, they will switch to the June chart to base their...
Thank you so much Ziggy for sparing time to explain that. It solved much of my confusion. I don't mean to bother you, but will ask one more thing... Besides volume, Is it "Prior Settle" price on which you base your decision or something else?? I means what interests you besides volume? Sorry if it is a childish one, but I am keen to learn how it can be helpful...
  • #3,957
  • Jan 20, 2017 7:19am Jan 20, 2017 7:19am
gazillion... see post 3679 for indi
  • #3,958
  • Jan 20, 2017 7:27am Jan 20, 2017 7:27am
Quoting sanaulhaq
{quote} Thank you so much Ziggy for sparing time to explain that. It solved much of my confusion. I don't mean to bother you, but will ask one more thing... Besides volume, Is it "Prior Settle" price on which you base your decision or something else?? I means what interests you besides volume? Sorry if it is a childish one, but I am keen to learn how it can be helpful...
I'm not personally using this info - but if you click onto the graph symbol you'll see a chart much the same as any other, the prior settlement is the previous trading day close (as I understand it). So this info is used only to determine which chart to look at, after that you go to the chart for that contract (if you have such information - which I don't) and then use your chart reading skills. It's all about finding out which contract needs to be examined, and then trying to put together a map showing what to expect IF price reaches certain chart locations. Remember that the big player never chase price, they wait for it to come to them and then use available liquidity to get their trades placed without collapsing the market. Our role is to try to spot the location where they might do that.
  • #3,959
  • Jan 20, 2017 7:36am Jan 20, 2017 7:36am
Quoting radaway
{quote} Hi Adem71 maybe some thoughts too on the picture you tagged will be good for us too. some text and intention to highlight the picture will be go a long way in understanding the complete scenario.So if you could pl. Thanks
Hi Radaway,
In order to guess the "complete scenario" you have to have better trading platform and access to futures data. Than start putting long screen time. That what I did and still do. I believe markets mostly move by percentage/points in a certain way along with high volume on certain times. Opening price and eod settle prices, high/low are very important. Check my previous posted charts from my profile and take look.
Adem
  • #3,960
  • Jan 20, 2017 7:48am Jan 20, 2017 7:48am
Quoting ziggy
{quote} I'm not personally using this info - but if you click onto the graph symbol you'll see a chart much the same as any other, the prior settlement is the previous trading day close (as I understand it). So this info is used only to determine which chart to look at, after that you go to the chart for that contract (if you have such information - which I don't) and then use your chart reading skills. It's all about finding out which contract needs to be examined, and then trying to put together a map showing what to expect IF price reaches certain...
Thanks Ziggy for such a detailed response... Now it's clear to me!
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