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Trader Dale - daily trading levels

  • #6,721
  • Apr 5, 2017 3:06pm Apr 5, 2017 3:06pm
I would rather not be giving new levels because of today's FED minutes movements. I will publish new levels around the begining of EU session tomorrow (6.4.)
  • #6,722
  • Apr 5, 2017 5:36pm Apr 5, 2017 5:36pm
eurusd - stops 1.07 are to be consumed.
  • #6,723
  • Edited 6:05pm Apr 5, 2017 5:51pm | Edited 6:05pm
Quoting spynoza
My other plan: EURNZD, short 1.5339. TP 25, SL 19. {image}
miss again, about 3 pips .... keep learning
Follow the flow of water in a stream
  • #6,724
  • Apr 6, 2017 2:41am Apr 6, 2017 2:41am
Hello guys!
Here are new levels for 6.4.2017
Happy trading!
Attached Image (click to enlarge)
Click to Enlarge Name: 6.4. print.png Size: 191 KB
  • #6,725
  • Apr 6, 2017 2:55am Apr 6, 2017 2:55am
Quoting DrBeercan
I thought I would share this market profile indi that I started using last night as it doesn't kill my laptop. Dale could you be so kind as to have a quick glance over and see if it fits the Metatrader view of your strategy? Thank you in advance {file}
Just to call the attention, if you didn't already notice that, that this MP doesn't update by himself. Like, if you have a new zone during the day that median line stays in the same place. Only if you update the indi the line will change to the new price.
  • #6,726
  • Apr 6, 2017 3:09am Apr 6, 2017 3:09am
Quoting floydiano7
{quote} Just to call the attention, if you didn't already notice that, that this MP doesn't update by himself. Like, if you have a new zone during the day that median line stays in the same place. Only if you update the indi the line will change to the new price.
Thanks for the update. Very strange that mine does. Though that might be because I switch between lower and higher timeframes throughout the day when I do analysis.. when I am at home watching it that is which maybe once a week. But take your point it might not be the best indicator so highlight market profile.
Take 1 step forward, two small steps back
  • #6,727
  • Apr 6, 2017 4:00am Apr 6, 2017 4:00am
Daily levels commentary for 6.4.2017.
https://www.youtube.com/watch?v=O9qmSkg24Eo
  • #6,728
  • Apr 6, 2017 4:12am Apr 6, 2017 4:12am
How did you trade yesterday's second short on USD/JPY guys? Did you trade it even during ISM Non-Manufacturing PMI news?
  • #6,729
  • Apr 6, 2017 4:25am Apr 6, 2017 4:25am
Yes, i traded it with small position during the News, it worked out nicely thanks a lot. Dale, may i ask you why you set your AUDUSD 1st short Level at 0.7562 and not at 0.7566, where the highest volume was created?
  • #6,730
  • Apr 6, 2017 5:12am Apr 6, 2017 5:12am
Quoting ForexGumpp
Yes, i traded it with small position during the News, it worked out nicely thanks a lot. Dale, may i ask you why you set your AUDUSD 1st short Level at 0.7562 and not at 0.7566, where the highest volume was created?
Certainly, Dale knows much better. I humbly guess there was better price action at 0.7562 (as it has twice been tested as a support previously and now has greater likelihood to act as a resistance) than 0.7566 that made the former comparatively more attractive for Dale (and for me as well). Meanwhile.... aud/usd short triggered...
Edited: Plus 30 mins candle stick shooting down from 0.7562 had much better volume than the preceding ones which also made its opening a good spot to be considered.
  • #6,731
  • Apr 6, 2017 5:19am Apr 6, 2017 5:19am
Quoting Trader-Dale
How did you trade yesterday's second short on USD/JPY guys? Did you trade it even during ISM Non-Manufacturing PMI news?
ended up with -2.7, closed 1/2 at BE and the rest stopped out above recent high before news
  • #6,732
  • Apr 6, 2017 5:51am Apr 6, 2017 5:51am
Quoting Trader-Dale
How did you trade yesterday's second short on USD/JPY guys? Did you trade it even during ISM Non-Manufacturing PMI news?
My day job got in the way
Take 1 step forward, two small steps back
  • #6,733
  • Apr 6, 2017 6:08am Apr 6, 2017 6:08am
Just took AU with a +6 and a BE + spread of about 1.2. It is clear that the AUD is stronger according to my SM Strength meter I use but am cautious to renter for a +10 as it is hovering around the entry point. It will be interesting to see if anyone gets a +10 @ 0.7562
Take 1 step forward, two small steps back
  • #6,734
  • Apr 6, 2017 7:55am Apr 6, 2017 7:55am
Quoting DrBeercan
Just took AU with a +6 and a BE + spread of about 1.2. It is clear that the AUD is stronger according to my SM Strength meter I use but am cautious to renter for a +10 as it is hovering around the entry point. It will be interesting to see if anyone gets a +10 @ 0.7562
Ya looks like.
Which strength indicator do you use ? Can you share some details?
  • #6,735
  • Apr 6, 2017 7:56am Apr 6, 2017 7:56am
AUDUSD took +5

also CHFJPY was not the best pair to trade in the last weeks, but today it reacted pretty well. Green pips all
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 136 KB
  • #6,736
  • Apr 6, 2017 8:34am Apr 6, 2017 8:34am
audusd...full profit reached
You can manage risk, but you can't manage the return
  • #6,737
  • Edited 2:40pm Apr 6, 2017 8:50am | Edited 2:40pm
Quoting brink
{quote} Ya looks like. Which strength indicator do you use ? Can you share some details?
I use FX power that is available on the Metarader market. I looked away and forgot to set an alarm as price turned before it hit the high region of the day. Turned around again and just after 2 PM GMT it had already retraced back below Dales level. You can set FX Power to analyse multiple periods and the 1 hour is showing early the turn of the market. Good to see that at least 1 person got a full +10. Well done HappyMe for holding on :-)
Edit: doh! of course! red news!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD 0604 0.7562 SM1.png Size: 61 KB
Click to Enlarge Name: AUDUSD 0604 0.7562 SM8.png Size: 83 KB
Take 1 step forward, two small steps back
  • #6,738
  • Apr 6, 2017 9:02am Apr 6, 2017 9:02am
I squeezed 20 pips out of AU I expected price to reach VAL and it happened. Thanks Dale for your levels
  • #6,739
  • Edited 1:01pm Apr 6, 2017 9:18am | Edited 1:01pm
Dangit
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB


Edit: that was for my limit order on MT5, I see the TraderDale EA got this trade because it enters market orders.
  • #6,740
  • Apr 6, 2017 11:18am Apr 6, 2017 11:18am
how did you guys trade aud/usd? did you got full profit there?
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