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Trader Dale - daily trading levels

  • #6,461
  • Mar 23, 2017 6:29pm Mar 23, 2017 6:29pm
Quoting Trader-Dale
Hello guys, there was not much action today, so there are not new levels. I just moved the aud/usd short a bit lower. Here are levels for tomorrow: {image}
Hi Dale, thank you for your levels.

I can see that in a similar way, but why did you move the AUDUSD level lower? I like the new one more (I have the same one), but I did not understand why you used 0.7662 first. Could you please explain it? It may be helpful for us.

Thank you and happy trading!
  • #6,462
  • Mar 24, 2017 2:21am Mar 24, 2017 2:21am
Quoting m.miso
{quote} Hi Dale, thank you for your levels. I can see that in a similar way, but why did you move the AUDUSD level lower? I like the new one more (I have the same one), but I did not understand why you used 0.7662 first. Could you please explain it? It may be helpful for us. Thank you and happy trading!
I'm not sure Dale ever said .7662, I think you probably read my post which said .7662. I could have put my level anywhere between 0.7662 and 0.7658. I took the view that this was not a precise level given how price oscillated in this region for over 24 hours and then fell away, so I set my level at the top of the area that I felt comfortable getting involved at.
  • #6,463
  • Mar 24, 2017 2:53am Mar 24, 2017 2:53am
Hello guys. Here are todays updated levels. Have an awesome Friday and great weekend!
Attached Image (click to enlarge)
Click to Enlarge Name: 24.3. print.png Size: 214 KB
  • #6,464
  • Mar 24, 2017 2:55am Mar 24, 2017 2:55am
Quoting m.miso
{quote} Hi Dale, thank you for your levels. I can see that in a similar way, but why did you move the AUDUSD level lower? I like the new one more (I have the same one), but I did not understand why you used 0.7662 first. Could you please explain it? It may be helpful for us. Thank you and happy trading!
Hello, it was higher before because there was also weekly vwap which I sometimes watch. I like the lower level better now.
  • #6,465
  • Mar 24, 2017 2:56am Mar 24, 2017 2:56am
Quoting S1-1
Hi, new member and first post here at FF. Just want o say a big thank you Dale for starting this thread and posting updates every day. I have been trying to get my head around trading for the last couple of years, ripped out my hair, blown out accounts, punched my screen, blamed my broker (of course it is the brokers fault that I loose money not me ;-) I have bought courses on Ichimoku and HA candles nothing of it worked until I realized that it was me who had to change before anything else could change. Read the books by Mark Douglas and found...
Hello mate! Thanks for your story and feedback. It is great to hear that this thread made such a difference in your trading!
  • #6,466
  • Mar 24, 2017 3:01am Mar 24, 2017 3:01am
i Trader Dale! I have a question abouth the video you made abouth GBP/USD. Do you still belive in this? The question also is how big the volume was from1. 2365 area to 1.25 on the way up again? What do you think? I can not see the volume myself and found Your video abouth the huges horter volume in the area 12568 to 1.2410 very interesting
  • #6,467
  • Edited 3:52am Mar 24, 2017 3:39am | Edited 3:52am
baga :-) -12p EURUSD and second level tested. Looks like somebody watching thouse levels.
  • #6,468
  • Mar 24, 2017 4:14am Mar 24, 2017 4:14am
Quoting luckybay
baga :-) -12p EURUSD and second level tested. Looks like somebody watching thouse levels.
pain in the backside when you see a nice turn just before the trading zone aint it. Something to consider for future reference is to be wary whenever the French & German PMI figures are released, they are not red news items and rarely have a lasting effect on price, but they do make the euro move suddenly. If there is a level fairly close to hand on EU when these figures are released then it might be a good idea to remove your orders at least temporarily.............. did I do that today, nope, but I did reduce the pip value and increase my stop. I am actually still in the trade and will take a decision later on what to do with it, hold, close or bring the stop closer. What I wanted was to add in at the next level, but I wont do that now as using my personal rules that level has now been consumed.
  • #6,469
  • Mar 24, 2017 4:52am Mar 24, 2017 4:52am
Frankie played out really well today
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 110 KB
  • #6,470
  • Mar 24, 2017 5:06am Mar 24, 2017 5:06am
EURUSD level hit at 6:04 EST
Thanks Dale,
May the Forex be with you.
  • #6,471
  • Mar 24, 2017 5:18am Mar 24, 2017 5:18am
Hi all

I thought I would post the PDF that describes POC for someone who asked a question earlier in the week and I forget who that was.. been a busy week!
Attached File(s)
File Type: pdf Ensign Software - Studies_ Price Histogram POC.pdf   489 KB | 916 downloads
Take 1 step forward, two small steps back
  • #6,472
  • Mar 24, 2017 5:25am Mar 24, 2017 5:25am
I made a new Daily levels commentary video guys. Have a look. I added some music so it wasn't so boring I hope you like it.
https://www.youtube.com/watch?v=eystJDs7X3c
  • #6,473
  • Mar 24, 2017 6:17am Mar 24, 2017 6:17am
Some days no matter what you do it's the wrong thing

I see the 2nd Euro level despite the early turn did it's thing, and despite me placing my long yen order at 111.00 rather than 110.99, it still didn't get a fill....... and of course is also doing nicely - can be a frustrating game!!!
  • #6,474
  • Mar 24, 2017 6:17am Mar 24, 2017 6:17am
I hope you guys have the usd/jpy profit! At least something to cover the eur/usd loss.
  • #6,475
  • Mar 24, 2017 6:18am Mar 24, 2017 6:18am
Quoting ziggy
Some days no matter what you do it's the wrong thing I see the 2nd Euro level despite the early turn did it's thing, and despite me placing my long yen order at 111.00 rather than 110.99, it still didn't get a fill....... and of course is also doing nicely - can be a frustrating game!!!
Damn thats tough luck! I got into the usd/jpy with market order so I got filled
  • #6,476
  • Mar 24, 2017 6:29am Mar 24, 2017 6:29am
Quoting ziggy
Some days no matter what you do it's the wrong thing I see the 2nd Euro level despite the early turn did it's thing, and despite me placing my long yen order at 111.00 rather than 110.99, it still didn't get a fill....... and of course is also doing nicely - can be a frustrating game!!!
I missed too. Bloody Friday :-)
  • #6,477
  • Mar 24, 2017 6:33am Mar 24, 2017 6:33am
Quoting Trader-Dale
{quote} Damn thats tough luck! I got into the usd/jpy with market order so I got filled
so should I have done Dale, but I wasn't paying sufficient attention and missed the opportunity - I think that's the real frustration, when your own performance doesn't meet expectations, glad you got it and I hope many others did as well
  • #6,478
  • Mar 24, 2017 6:58am Mar 24, 2017 6:58am
There should be this US healthcare vote today in the US afternoon. Be carefull guys.
  • #6,479
  • Mar 24, 2017 7:25am Mar 24, 2017 7:25am
Quoting ziggy
Some days no matter what you do it's the wrong thing I see the 2nd Euro level despite the early turn did it's thing, and despite me placing my long yen order at 111.00 rather than 110.99, it still didn't get a fill....... and of course is also doing nicely - can be a frustrating game!!!
Isn't that typical, if I was at work would have left it, as am working from home I cancelled it as I saw it test the level a few times!
Take 1 step forward, two small steps back
  • #6,480
  • Edited 2:23pm Mar 24, 2017 7:28am | Edited 2:23pm
Am currently trialling out EU 1.0800 short which is a level indicated on PZ Market and forex strength is showing a cross over.. if you hear screaming you know it failed!

Edit: shot myself on the foot :-(
Take 1 step forward, two small steps back
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