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Trader Dale - daily trading levels

  • #5,521
  • Feb 17, 2017 2:44am Feb 17, 2017 2:44am
Pity. EURUSD missed entry by less than a pip. Tested now for me.
  • #5,522
  • Feb 17, 2017 2:51am Feb 17, 2017 2:51am
Quoting Trader-Dale
{quote} Thanks. I trade with IC markets.
Which account (standard ot true ECN) is more money efficient with dale's levels? I consider changing my Oanda broker
  • #5,523
  • Feb 17, 2017 2:54am Feb 17, 2017 2:54am
Quoting FX-Flux
I see what you did. You use market profile and then Akif tool to find the more precise move around the sharp price movement? I had the level above. Damn, always easier in hindsight {image}
FX-Flux , are you suggesting to go for the mean-average of the two lines drawn here : (vwap + tool) / 2 , as a conventional thumb rule ?

Thx.
  • #5,524
  • Feb 17, 2017 2:57am Feb 17, 2017 2:57am
eu target missed by 0.2 pip...
  • #5,525
  • Feb 17, 2017 3:03am Feb 17, 2017 3:03am
Quoting majrou666
eu target missed by 0.2 pip...
AU hit. lets see.. USD is quite strong currently
  • #5,526
  • Feb 17, 2017 3:04am Feb 17, 2017 3:04am
au
  • #5,527
  • Feb 17, 2017 3:26am Feb 17, 2017 3:26am
eu was break even for me as I moved my stop when it was up +7 before it broke lower again.
  • #5,528
  • Feb 17, 2017 3:53am Feb 17, 2017 3:53am
AU -12. got three losses today. Bad friday.
  • #5,529
  • Edited 4:37am Feb 17, 2017 4:04am | Edited 4:37am
didnt get it completely
I understood that eu/au would be correlated pairs.
but went different ways ... go figure

+++++++++++++++++++++++++++++++++

another thingy : The eu was tested..(the rules).but it went TP.. & the au went by the rules but S.L .so quiet quizzed here
  • #5,530
  • Feb 17, 2017 4:05am Feb 17, 2017 4:05am
wtf this aud. This was really strong level and there was quite a fight (based on volumes). I think that I will put there a short level later.
Anyways, took SL there. EU was a bummer. I took BE there.
  • #5,531
  • Feb 17, 2017 4:12am Feb 17, 2017 4:12am
SL on AU.

But also got +44 on the ACad swing trade (closed a couple of days ago)...

Dale, regarding swing trades: some of the levels you posted have been "tested" , within some 30 pips or less although not very close like 5 pips - do you skip those?

Thanks
  • #5,532
  • Feb 17, 2017 4:16am Feb 17, 2017 4:16am
Quoting Go5
SL on AU. But also got +44 on the ACad swing trade (closed a couple of days ago)... Dale, regarding swing trades: some of the levels you posted have been "tested" , within some 30 pips or less although not very close like 5 pips - do you skip those? Thanks
30 pips is mostly still okay to trade if there wasnt some sort of monster reaction. Which trades do you mean exactly?
  • #5,533
  • Edited 4:58am Feb 17, 2017 4:29am | Edited 4:58am
Quoting Trader-Dale
{quote} 30 pips is mostly still okay to trade if there wasnt some sort of monster reaction. Which trades do you mean exactly?
EG, 32 pips (short 0.8882) and ACH (long 0.7461) came to 17 pips.
  • #5,534
  • Feb 17, 2017 4:58am Feb 17, 2017 4:58am
Quoting Trader-Dale
wtf this aud. This was really strong level and there was quite a fight (based on volumes). I think that I will put there a short level later. Anyways, took SL there. EU was a bummer. I took BE there.
Just goes to show different broker reactions, my broker Oanda translated EU 1.0641 to 1.06409 and I got a +10 pip win. I have opted for small and often12/10 factoring in spread as often discussed here as I can't watch my trades all the time than having a larger 20/20 type bet on.
Take 1 step forward, two small steps back
  • #5,535
  • Feb 17, 2017 6:15am Feb 17, 2017 6:15am
Quoting Trader-Dale
wtf this aud. This was really strong level and there was quite a fight (based on volumes). I think that I will put there a short level later. Anyways, took SL there. EU was a bummer. I took BE there.
Are you going to go short AU now?
  • #5,536
  • Feb 17, 2017 6:44am Feb 17, 2017 6:44am
Quoting brink
{quote} Are you going to go short AU now?
I missed it worked like a charm though.
  • #5,537
  • Feb 17, 2017 7:41am Feb 17, 2017 7:41am
Quoting Trader-Dale
{quote} 30 pips is mostly still okay to trade if there wasnt some sort of monster reaction. Which trades do you mean exactly?
Hi Dale,
I wondered about the same. Aside AUDCHF (within ~30 pips) and EURGBP (within ~16), which Go5 mentioned already, I have also AUDUSD (long @0.7610), which came as close as ~15 pips.
Dale, is there a rule - as for intraday - when a swing level is considered tested?
thanks mate
  • #5,538
  • Feb 17, 2017 8:34am Feb 17, 2017 8:34am
Quoting CrocodileRex
AU -12. got three losses today. Bad friday.
Why three? I see only one level went against prediction today.... Do other two involve some other strategy??
  • #5,539
  • Feb 17, 2017 8:35am Feb 17, 2017 8:35am
Got SL on AU but other level is positive.
Risk comes from not knowing what you're doing.
  • #5,540
  • Feb 17, 2017 8:40am Feb 17, 2017 8:40am
Trader Dale

Seeing some new levels developed today, thoughts?

AUD/USD: [email protected]
USD/JPY: [email protected]
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