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Trader Dale - daily trading levels

  • #6,381
  • Mar 20, 2017 7:32am Mar 20, 2017 7:32am
USDCAD +10! closed just before news. great start for the week
  • #6,382
  • Mar 20, 2017 7:33am Mar 20, 2017 7:33am
managed to get 2 trades on this morning before I go off to do my meals on wheels service As per normal the levels are working like a dream - Thanks Dale

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  • #6,383
  • Mar 20, 2017 7:34am Mar 20, 2017 7:34am
Quoting workaholic
{quote} Nice reaction to this swing level so far. I'm not in it, but wondering if anyone else caught the train?

I'm in.

USDCAD level was spot on.
I'm still holding for 20 according to Ziggy's approach though. EURUSD was +20 as well! Great start of the week sofar.
  • #6,384
  • Mar 20, 2017 7:36am Mar 20, 2017 7:36am
UC +6 & +10! That was quick one! Thanks Dale.
Take 1 step forward, two small steps back
  • #6,385
  • Mar 20, 2017 7:50am Mar 20, 2017 7:50am
Hello guys! its cool you took the trades! Nice start of the week indeed!
  • #6,386
  • Mar 20, 2017 7:55am Mar 20, 2017 7:55am
Quoting Trader-Dale
Hello guys! its cool you took the trades! Nice start of the week indeed!
Thanks
  • #6,387
  • Mar 20, 2017 7:58am Mar 20, 2017 7:58am
Quoting workaholic
{quote} Nice reaction to this swing level so far. I'm not in it, but wondering if anyone else caught the train?
I'm in and looks good so far...
  • #6,388
  • Mar 20, 2017 8:03am Mar 20, 2017 8:03am
I made a new video - Daily levels analysis for 20.3.2017. Have a look and let me know if you like it guys!
https://www.youtube.com/watch?v=NOSQDWFcfNs
  • #6,389
  • Mar 20, 2017 9:15am Mar 20, 2017 9:15am
cool videos Dale, nice to put a voice to the thread

for anyone who hasn't watched, Dale is showing a "new" level on Aussie$ at 0.7705
  • #6,390
  • Mar 20, 2017 9:25am Mar 20, 2017 9:25am
Quoting ziggy
cool videos Dale, nice to put a voice to the thread for anyone who hasn't watched, Dale is showing a "new" level on Aussie$ at 0.7705
:-) thanks for the heads up a tad difficult to watch a video at work. Is that short or long?
Take 1 step forward, two small steps back
  • #6,391
  • Mar 20, 2017 9:42am Mar 20, 2017 9:42am
Quoting DrBeercan
{quote} :-) thanks for the heads up a tad difficult to watch a video at work. Is that short or long?
That'll be long - it is actually posted up on Dales site but hadn't really set up when the levels were posted here on FF last night, work can be a bugger like that, gets in the way of important things
  • #6,392
  • Mar 20, 2017 9:46am Mar 20, 2017 9:46am
Quoting ziggy
{quote} That'll be long - it is actually posted up on Dales site but hadn't really set up when the levels were posted here on FF last night, work can be a bugger like that, gets in the way of important things
:-) cheers, yeah so inconvenient that they expect me to work and not and spend my day working! Lol!
Take 1 step forward, two small steps back
  • #6,393
  • Mar 20, 2017 4:06pm Mar 20, 2017 4:06pm
Thanks Dale for the videos! its great to learn more about your levels.
  • #6,394
  • Mar 20, 2017 4:25pm Mar 20, 2017 4:25pm
Quoting Trader-Dale
Good evening guys! Intraday levels for 20.3.2017 I use PT 10 pips, SL 12 pips. Happy trading {image}
It was eu, uc tp.
  • #6,395
  • Mar 20, 2017 4:43pm Mar 20, 2017 4:43pm
Quoting Trader-Dale
I made a new video - Daily levels analysis for 20.3.2017. Have a look and let me know if you like it guys! https://www.youtube.com/watch?v=NOSQDWFcfNs
from these videos we can hear about following setup :
- sideways action followed by strong breakout - forms a level

Untill now I was playing only this one :
- untested high volume two opposite roughly equal candles followed by some drift in some direction after at least 3 hrs form a level..
Also there was a question where to put level : on the back front or the middle of those opposite candles.

Any other setups U guys play according to Dale methods?
  • #6,396
  • Mar 20, 2017 5:25pm Mar 20, 2017 5:25pm
Quoting januszo
{quote} from these videos we can hear about following setup : - sideways action followed by strong breakout - forms a level Untill now I was playing only this one : - untested high volume two opposite roughly equal candles followed by some drift in some direction after at least 3 hrs form a level.. Also there was a question where to put level : on the back front or the middle of those opposite candles. Any other setups U guys play according to Dale methods?
In my newly formed knowledge I generally look at previous confluent levels, I also use the areas as targets when the price is trending in the right direction coupled with strength. A few others use some of the tools posted here to find the areas, take a look at a document posted by Ziggy and published on Dales website. Correct me if I am wrong Dale, but he also uses futures to help him pin down the entry point with a bit more accuracy.
I have been using a tool called PZ_Market which also has some interesting levels highlighted, though I am still testing it when I can around work commitments.
If I am watching the entries Dale posts I also keep an eye on market strength and use that to decide if the trade is going to turn bad. The majority of the time I use limit orders (+6 and +10) and in the last two weeks I have entered 12 times, giving 9 wins and 3 losses. Some of the wins were partial where I jumped in whilst at work where I should of just left it run. I split my lot size between the two levels.
Is that what you were looking for?
Take 1 step forward, two small steps back
  • #6,397
  • Mar 20, 2017 11:47pm Mar 20, 2017 11:47pm
new levels posted by dale. euro got hit stoploss.
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  • #6,398
  • Mar 21, 2017 1:04am Mar 21, 2017 1:04am
Quoting CrocodileRex
new levels posted by dale. euro got hit stoploss. {image}
Ya..sl for EU.. now in AU. Lets see
  • #6,399
  • Mar 21, 2017 1:10am Mar 21, 2017 1:10am
I am using the rectangle indi posted here, comes very close to real volume when used with ECN broker.
  • #6,400
  • Mar 21, 2017 3:15am Mar 21, 2017 3:15am
Hello guys,
sorry for not posting levels for asian session, I totally forgot. Thanks CrocodileRex for posting them here
Here are todays levels:
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