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Trader Dale - daily trading levels

  • #5,541
  • Feb 17, 2017 8:41am Feb 17, 2017 8:41am
Quoting HemDir
{quote} 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
I would delete the audchf, not because it was tested sooner but because there has formed a strong level close to this one (around 7532).
eurgbp probably tested - because of monster reaction
aud/usd. I will take it with a smaller position and if the market goes agains me I will add at around 7565.
  • #5,542
  • Feb 17, 2017 9:14am Feb 17, 2017 9:14am
Quoting Trader-Dale
{quote} I would delete the audchf, not because it was tested sooner but because there has formed a strong level close to this one (around 7532). eurgbp probably tested - because of monster reaction aud/usd. I will take it with a smaller position and if the market goes agains me I will add at around 7565.
what level of aud are you talking about?
  • #5,543
  • Feb 17, 2017 9:31am Feb 17, 2017 9:31am
Quoting Trader-Dale
{quote} I would delete the audchf, not because it was tested sooner but because there has formed a strong level close to this one (around 7532). eurgbp probably tested - because of monster reaction aud/usd. I will take it with a smaller position and if the market goes agains me I will add at around 7565.
Thank you, Sir! Still the question, is there more or less general rule, when a swing level is tested ?
  • #5,544
  • Feb 17, 2017 9:47am Feb 17, 2017 9:47am
UC triggered
  • #5,545
  • Feb 17, 2017 9:49am Feb 17, 2017 9:49am
Quoting Prax
UC triggered
thank for your noti!! Let's see how it work!!
  • #5,546
  • Feb 17, 2017 9:58am Feb 17, 2017 9:58am
Quoting Prax
UC triggered
UC always give terrible time. But I am in
  • #5,547
  • Feb 17, 2017 10:16am Feb 17, 2017 10:16am
I've got this UC level pretty much on top of the 23% Fib level - anyone use Fibs along with this strategy?
  • #5,548
  • Feb 17, 2017 10:30am Feb 17, 2017 10:30am
Damn, took SL on usd/cad. I like this pair less and less. It has the worst winning % of all the other pairs. Not so positive end of a week as I would like. I hope some of you are already off and not trading
  • #5,549
  • Feb 17, 2017 10:33am Feb 17, 2017 10:33am
no more UC !
Attached Image
  • #5,550
  • Feb 17, 2017 10:41am Feb 17, 2017 10:41am
Quoting Trader-Dale
Damn, took SL on usd/cad. I like this pair less and less. It has the worst winning % of all the other pairs. Not so positive end of a week as I would like. I hope some of you are already off and not trading
ya agree.. UC is not our friend for the last 2 weeks... have a great weekend...
  • #5,551
  • Feb 17, 2017 10:44am Feb 17, 2017 10:44am
Quoting radaway
no more UC ! {image}
Guys.
Do some homework - and lets give a try to discuss UC levels during a day.
  • #5,552
  • Feb 17, 2017 10:45am Feb 17, 2017 10:45am
Quoting Trader-Dale
Damn, took SL on usd/cad. I like this pair less and less. It has the worst winning % of all the other pairs. Not so positive end of a week as I would like. I hope some of you are already off and not trading
I am on 20 pip SL/TP on this one so am still in - just. This pair does seem to spike more sharply than the others around indecision levels
  • #5,553
  • Feb 17, 2017 11:16am Feb 17, 2017 11:16am
Hey Dale, were you watching orderflow on the CAD, 6CH7 this afternoon?
Looked like the balance was tipping our favour, buy orders were picking up, but price kept going down.
Someone unwinding a big order bit by bit soaking up the orders?
  • #5,554
  • Feb 17, 2017 11:18am Feb 17, 2017 11:18am
Quoting Prax
{quote} I am on 20 pip SL/TP on this one so am still in - just. This pair does seem to spike more sharply than the others around indecision levels
I lost half my order at 12 SL, the holding other half still with 20 SL
Novice trader, please take my opinion with several grains of salt
  • #5,555
  • Feb 17, 2017 11:23am Feb 17, 2017 11:23am
Quoting mrslow81
Hey Dale, were you watching orderflow on the CAD, 6CH7 this afternoon? Looked like the balance was tipping our favour, buy orders were picking up, but price kept going down. Someone unwinding a big order bit by bit soaking up the orders?
I was. It was exactly as you said. There was sort of divergence. Thanks for mentioning that mate.
  • #5,556
  • Feb 17, 2017 11:28am Feb 17, 2017 11:28am
Quoting Prax
I've got this UC level pretty much on top of the 23% Fib level - anyone use Fibs along with this strategy?
Well, I also short UCa with 161.8 fibo retrace M30 TF and a good Resistance zone!!
And how 23% Fib works? Could u explain more detail??
  • #5,557
  • Feb 17, 2017 11:29am Feb 17, 2017 11:29am
Yes, divergence, by the time it was apparent it was too late as price was nearly on the stop then.
Never mind, always next week.
  • #5,558
  • Feb 17, 2017 2:29pm Feb 17, 2017 2:29pm
Could one of you kind traders who has trading view, kindly let me know if there is VWAP indicators available on ordinary shares? Such as Apple, I just am interested to see if I can spread my trades around a bit. Yes I know that's not the forum
Take 1 step forward, two small steps back
  • #5,559
  • Feb 17, 2017 2:30pm Feb 17, 2017 2:30pm
Quoting Trader-Dale
Damn, took SL on usd/cad. I like this pair less and less. It has the worst winning % of all the other pairs. Not so positive end of a week as I would like. I hope some of you are already off and not trading
I quit trading ages ago, thank you for this week I had a few winners :-)
Take 1 step forward, two small steps back
  • #5,560
  • Feb 17, 2017 5:25pm Feb 17, 2017 5:25pm
Quoting mrslow81
Yes, divergence, by the time it was apparent it was too late as price was nearly on the stop then. Never mind, always next week.
I wonder whether it is a divergence on RSI or not??
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