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Trader Dale - daily trading levels

  • #6,421
  • Mar 22, 2017 2:53am Mar 22, 2017 2:53am
Quoting DrBeercan
{quote} 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...
1.
Previous confluent levels - what is it?
2.
As far as i understand
Basically U take Dale's levels , filter it with market strength indi PZ_Market.
if level is long u check if market strength does not show too much bulish power?
3. Could you please be a bit more specific info about your own way of level finding?
  • #6,422
  • Mar 22, 2017 2:53am Mar 22, 2017 2:53am
Hello Dale,

is EURUSD level 1.0784 still valid?
  • #6,423
  • Mar 22, 2017 3:42am Mar 22, 2017 3:42am
Hello guys! Here are todays updated intraday levels:
Attached Image (click to enlarge)
Click to Enlarge Name: 22.3. print update.png Size: 198 KB
  • #6,424
  • Mar 22, 2017 4:33am Mar 22, 2017 4:33am
Quoting Trader-Dale
Hello guys! Here are todays updated intraday levels: {image}
Did you not take the loss during Asian session?
So many in the Commercial section want to make me rich! :o
  • #6,425
  • Mar 22, 2017 5:20am Mar 22, 2017 5:20am
Quoting FX-Flux
{quote} Did you not take the loss during Asian session?
yes, it was a loss on two trades.
  • #6,426
  • Mar 22, 2017 5:24am Mar 22, 2017 5:24am
Quoting shimmering
{quote} yes, it was a loss on two trades.
Why 2 trades? Just one on AU. The other one hit the PT
  • #6,427
  • Mar 22, 2017 5:38am Mar 22, 2017 5:38am
This is the first time in the thread that I saw 3 losses in a row:

AU, UJ, AU.

But it's still very normal compared to the longer win streaks.
  • #6,428
  • Mar 22, 2017 5:58am Mar 22, 2017 5:58am
Quoting FX-Flux
{quote} Did you not take the loss during Asian session?
This time I didn't put limit orders on aud/usd because there was this news: "RBA Assist Gov Debelle Speaks" and I was sleeping so I wasn't able to watch the markets. But still there was little reaction to this guy speaking and this was a valid loss.
  • #6,429
  • Mar 22, 2017 5:59am Mar 22, 2017 5:59am
Daily levels commentary for 22.3.2017. Enjoy guys!
https://www.youtube.com/watch?v=rRZ7AFL15sc
  • #6,430
  • Mar 22, 2017 6:27am Mar 22, 2017 6:27am
Quoting januszo
{quote} 1. Previous confluent levels - what is it? 2. As far as i understand Basically U take Dale's levels , filter it with market strength indi PZ_Market. if level is long u check if market strength does not show too much bulish power? 3. Could you please be a bit more specific info about your own way of level finding?
Ping me a PM as am taking a break today, just between two personal tasks today so wanted to reply before I forget you asked a question!
Take 1 step forward, two small steps back
  • #6,431
  • Mar 22, 2017 7:39am Mar 22, 2017 7:39am
I made a swing trade level commentary for the NZD/CAD swing trade I published earlier (here (http://trader-dale.com/nzdcad-swing-trade/)). I hope you took nice +100 pips profit there with me! Enjoy the video!
https://www.youtube.com/watch?v=MRV7WzlaOo4&t=16s
  • #6,432
  • Mar 22, 2017 8:01am Mar 22, 2017 8:01am
Quoting Trader-Dale
Hello guys! Here are todays updated intraday levels: {image}
Hi Dale,

How about the UJ level at 111.60?
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-03-22 at 9.00.13 PM.png Size: 115 KB
  • #6,433
  • Mar 22, 2017 8:38am Mar 22, 2017 8:38am
Quoting brink
{quote} Hi Dale, How about the UJ level at 111.60? {image}
I think it may have been already tested. look at the price action.
  • #6,434
  • Mar 22, 2017 9:02am Mar 22, 2017 9:02am
Hi Folks,
been reading some of the feedback from this trade and would like to have these lovely colourful indicators for my charts so that I can play around with them myself. Can anyone please give me a link to the downloads please?
Many thanks in advance.
  • #6,435
  • Mar 22, 2017 9:13am Mar 22, 2017 9:13am
Hi Dale,
where are you from? Your pronunciation in English sounds very similar to people from middle Europe. I am from Czech Republic.;-)
  • #6,436
  • Mar 22, 2017 9:35am Mar 22, 2017 9:35am
Quoting Trader-Dale
{quote} I think it may have been already tested. look at the price action.
Thanks.. got it.. so we have to watch out for levels that could have been tested on the same day.
  • #6,437
  • Mar 22, 2017 9:38am Mar 22, 2017 9:38am
Not a great week for me. Started good on monday with 2x TP but from tuesday:

EU short 1.0752 -12

AU short 0.7705 -4:
This was a little unlucky. I have set the EA to -4 PIP SL as soon as +7 is reached. Got some positive slippage on the entry and thats why it barely reached +7 so it was -4 instead of TP :/

AU short 0.7729 -12

U/J long 112.38 -12:

By the 3/7 discard rule it seems to have been a valid trade - the ask price only got 3.8 pips to the level before actually hitting hit(on FXCM and my other live account) and so the EA entered the trade. One could have discarded it by the 5/15 discard rule though but but as I use the EA I can only have the 3/7 in there.

AUD 0.7773 -12

Including slippage and commission I got aprox. -4.5 IR (initial risk per trade) from the beginning of my tuesday losing streak :/
After that I stopped trading and of course the next 2 levels (EU and AU) hit TP

From testing this strategy starting from December it definately seems to be profitable but still you have to be careful so I will probably just watch from the sidelines for the rest of the week. Then to a new one if not too many strange reactions at the levels any more
  • #6,438
  • Mar 22, 2017 10:41am Mar 22, 2017 10:41am
Quoting caledonia
Hi Folks, been reading some of the feedback from this trade and would like to have these lovely colourful indicators for my charts so that I can play around with them myself. Can anyone please give me a link to the downloads please? Many thanks in advance.
You can find the indicators on the first page of this thread and follow the link below to add them to your MT4:
http://en.tradimo.com/learn/metatrader-4/install-custom-indicator/
  • #6,439
  • Mar 22, 2017 3:40pm Mar 22, 2017 3:40pm
Quoting Trader-Dale
{quote} This time I didn't put limit orders on aud/usd because there was this news: "RBA Assist Gov Debelle Speaks" and I was sleeping so I wasn't able to watch the markets. But still there was little reaction to this guy speaking and this was a valid loss.

Do not trade when medium news occur too ?
Debelle was a medium impact calendar event.
.. i will try.
No trading 30 mins before and .. 30 minutes after med or hi impact news.
  • #6,440
  • Mar 22, 2017 5:00pm Mar 22, 2017 5:00pm
Quoting januszo
{quote} Do not trade when medium news occur too ? Debelle was a medium impact calendar event. .. i will try. No trading 30 mins before and .. 30 minutes after med or hi impact news.
I do usually trade during orange news but I thought when this guy was a central bank spokesman he could actually say something that could move markets more than usual orange news. This rule of mine apply only for central bank spokesmen nothing else.
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