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Trader Dale - daily trading levels

  • #6,121
  • Mar 8, 2017 6:10am Mar 8, 2017 6:10am
I expect UJ and EU level to be tested during nonfarm. Another 1 hr to go
  • #6,122
  • Mar 8, 2017 6:21am Mar 8, 2017 6:21am
Quoting Jako
Dale - so I can better understand - I'm looking at AUD USD and seeing a level at 0.75482. Is that a good level? Is that a test? {image}
I found a level using Akifts tool last night in that area. Used it as a target with a few pips on top due to Oanda spread and got a +6 and +20 pip win entering at 0.7578. I would 'suggest' that area is tested but don't take my word for it given my recent muddled posts!
Take 1 step forward, two small steps back
  • #6,123
  • Mar 8, 2017 6:24am Mar 8, 2017 6:24am
Quoting brink
I expect UJ and EU level to be tested during nonfarm. Another 1 hr to go
NFR is Friday?
Take 1 step forward, two small steps back
  • #6,124
  • Edited 7:19am Mar 8, 2017 7:05am | Edited 7:19am
Quoting DrBeercan
{quote} NFR is Friday?
Today is ADP's version of NFP, which usually correlates relatively strongly with the Bureau of Labor Statistics numbers. I'm looking for > 199K today for increased probability of rate hike next week. Just a hunch though, take with large grains of salt!

EDIT: 298K! hope everyone closed their long limits @ 1.0523
  • #6,125
  • Mar 8, 2017 7:11am Mar 8, 2017 7:11am
The next week or so should give clear direction for EU, and I'm thinking Dale's long term picture from Feb 9 might come to fruition. Thanks for the insight Dale!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-prediction.png Size: 173 KB
  • #6,126
  • Mar 8, 2017 7:19am Mar 8, 2017 7:19am
Quoting workaholic
{quote} Today is ADP's version of NFP, which usually correlates relatively strongly with the Bureau of Labor Statistics numbers. I'm looking for > 199K today for increased probability of rate hike next week. Just a hunch though, take with large grains of salt!

All levels busted
  • #6,127
  • Mar 8, 2017 8:06am Mar 8, 2017 8:06am
Quoting workaholic
{quote} Today is ADP's version of NFP, which usually correlates relatively strongly with the Bureau of Labor Statistics numbers. I'm looking for > 199K today for increased probability of rate hike next week. Just a hunch though, take with large grains of salt! EDIT: 298K! hope everyone closed their long limits @ 1.0523
Thank you for the confirmation. I quit all my limit orders this morning after my 4 wins.
Take 1 step forward, two small steps back
  • #6,128
  • Mar 8, 2017 9:13am Mar 8, 2017 9:13am
Quoting brink
{quote} All levels busted
what do you mean with all? What are with the not tested levels for today (especially long eurusd 1.0523). thanks
  • #6,129
  • Mar 8, 2017 10:31am Mar 8, 2017 10:31am
Quoting danigntr
{quote} what do you mean with all? What are with the not tested levels for today (especially long eurusd 1.0523). thanks
I expected a much stronger down move in EU after the news this morning, and I think the volatility has subsided enough to consider the 1.0523 level as back on the table. But use your best judgment when taking that trade (if we get there), as today's numbers COULD lead to a sharp move down.

Dale, anything to add?
  • #6,130
  • Mar 8, 2017 10:49am Mar 8, 2017 10:49am
Trader Dale,

Possible new levels developed today

aud/usd: [email protected] & 7561
usd/jpy: [email protected]
usd/cad: [email protected] & 1.3409

Thoughts?
  • #6,131
  • Mar 8, 2017 11:12am Mar 8, 2017 11:12am
Quoting XxixixX
Trader Dale, Possible new levels developed today aud/usd: [email protected] & 7561 usd/jpy: [email protected] usd/cad: [email protected] & 1.3409 Thoughts?
My levels are similar, but not the same:
A/U: 0.7592 and 0.7561
U/J: 114.07
U/C: 1.3410 and maybe 1.3457
  • #6,132
  • Mar 8, 2017 11:18am Mar 8, 2017 11:18am
Quoting XxixixX
Trader Dale, Possible new levels developed today aud/usd: [email protected] & 7561 usd/jpy: [email protected] usd/cad: [email protected] & 1.3409 Thoughts?
I have:

AUDUSD Short @ 0.7594 & 0.7560

USDJPY Long @ 114.05 & 113.72

USDCAD Long @ 1.3410
  • #6,133
  • Mar 8, 2017 12:58pm Mar 8, 2017 12:58pm
Hello my friends, I made no trades today. I think it will be better for tomorrow. I will publish new levels later today!
  • #6,134
  • Mar 8, 2017 3:54pm Mar 8, 2017 3:54pm
Quoting Trader-Dale
Intraday levels for 8.3.2017 I use PT 10 pips, SL 12 pips. Unfortunatelly nothing much to trade. We need some action to have new levels. No action = no levels Happy trading guys! {image}
Dale would you say EUR/USD long 1.0523 is still in play? It's getting close.
  • #6,135
  • Mar 8, 2017 4:14pm Mar 8, 2017 4:14pm
Quoting Trader-Dale
Hello my friends, I made no trades today. I think it will be better for tomorrow. I will publish new levels later today!
Hey Dale have a doubt, do you trade during China CPI news? i know AUDUSD can be affect it but usdjpy and usdcad would you if you have any levels or you wait after it release?
  • #6,136
  • Mar 8, 2017 4:33pm Mar 8, 2017 4:33pm
i did be uc 1.3433 and tp uj 114.7
it were my own levels but according to Dale methodology
  • #6,137
  • Mar 8, 2017 4:43pm Mar 8, 2017 4:43pm
Quoting januszo
i did be uc 1.3433 and tp uj 114.7 it were my own levels but according to Dale methodology
May I ask how did you find UJ 114.70? Wasnt it hit on 3.3.2017? Thank you.
  • #6,138
  • Edited Mar 9, 2017 3:42am Mar 8, 2017 4:46pm | Edited Mar 9, 2017 3:42am
Intraday levels for 9.3.2017
I use PT 10 pips, SL 12 pips.
Happy trading
Attached Image (click to enlarge)
Click to Enlarge Name: 9.3. print.png Size: 196 KB
  • #6,139
  • Mar 8, 2017 4:48pm Mar 8, 2017 4:48pm
Quoting m.miso
{quote} My levels are similar, but not the same: A/U: 0.7592 and 0.7561 U/J: 114.07 U/C: 1.3410 and maybe 1.3457
au 7592 is a vpoc but does not have higher than avg volume.
au 7561 - well there is a nice volume there
where to set level?
closer to current price , in the middle or most distant to the spot price?
so we have 7556.. 7569 distance, and 61 is like in the middle ,
- I would take safest 7567 , maybe MMs and others will take some stops from 7572 or so.
and if price turns early it will do it [I hope] within 4 pip and level mark itself tested.
  • #6,140
  • Mar 8, 2017 4:58pm Mar 8, 2017 4:58pm
Quoting majrou666
{quote} May I ask how did you find UJ 114.70? Wasnt it hit on 3.3.2017? Thank you.
spikes on 3.3.2017 had high volume& rejection so I was just hoping that market will repeat it again.
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