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Trader Dale - daily trading levels

  • #6,801
  • Apr 10, 2017 8:10am Apr 10, 2017 8:10am
Quoting ForexGumpp
I subscribed to tradingview pro, does anyone know why i have no access to the currency futures? Comes it only with premium subscribtion?
realtime charts cost extra subscription fee, you should have delayed charts though I think
  • #6,802
  • Apr 10, 2017 8:47am Apr 10, 2017 8:47am
Dales pick, USD/CAD 1.3366 was a bust, -12.
  • #6,803
  • Apr 10, 2017 8:49am Apr 10, 2017 8:49am
yep, USDCAD hit my sl too, damn.
  • #6,804
  • Apr 10, 2017 8:53am Apr 10, 2017 8:53am
Quoting burntcandle
Dales pick, USD/CAD 1.3366 was a bust, -12.
Quoting ForexGumpp
yep, USDCAD hit my sl too, damn.
yep...here too

unfortunately that's breaking the list of 12 winning trades in a row....

Up to the next list of winningtrades
You can manage risk, but you can't manage the return
  • #6,805
  • Apr 10, 2017 8:59am Apr 10, 2017 8:59am
Quoting HappyMe
{quote} {quote} yep...here too unfortunately that's breaking the list of 12 winning trades in a row.... Up to the next list of winningtrades
well then, knowing we are all somewhat superstitious, you'll can blame this one on me. I wasn't in any of the last 12 winning trades (or any of Dales winning trades since the beginning of the year, come to think of it). Sorry guys!
  • #6,806
  • Apr 10, 2017 9:05am Apr 10, 2017 9:05am
You guys could also blame this one on me, it was the first trade with higher leverage next one
  • #6,807
  • Apr 10, 2017 9:13am Apr 10, 2017 9:13am
Darn UC I was in two minds as it was following a heavy down trend but then went into meetings and left my order in. Did anyone using the EA enter the trade, am curious.
Take 1 step forward, two small steps back
  • #6,808
  • Apr 10, 2017 9:24am Apr 10, 2017 9:24am
I also lost-12 pips on #usdcad.. But i am going to re-enter short @ 1.3366 SHORT till 1.33185 which is one of my weekly analysis fibo levels 38.2%
  • #6,809
  • Apr 10, 2017 9:49am Apr 10, 2017 9:49am
Quoting HappyMe
{quote} {quote} yep...here too unfortunately that's breaking the list of 12 winning trades in a row.... Up to the next list of winningtrades
my secondary UC level turned out well, based on my own analysys
where the yellow circles are,so all in all UC break even
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30_LI.jpg Size: 600 KB
Failure to plan, is a plan to failure...
  • #6,810
  • Apr 10, 2017 9:55am Apr 10, 2017 9:55am
Quoting S1-1
{quote} my secondary UC level turned out well, based on my own analysys where the yellow circles are,so all in all UC break even {image}
Well done!!
You can manage risk, but you can't manage the return
  • #6,811
  • Apr 10, 2017 9:58am Apr 10, 2017 9:58am
Quoting caillo
I also lost-12 pips on #usdcad.. But i am going to re-enter short @ 1.3366 SHORT till 1.33185 which is one of my weekly analysis fibo levels 38.2%
Hope it works, that is quite close to low of the day. If it works can you post how you got there?
Take 1 step forward, two small steps back
  • #6,812
  • Apr 10, 2017 10:09am Apr 10, 2017 10:09am
Quoting DrBeercan
{quote} Hope it works, that is quite close to low of the day. If it works can you post how you got there?
Yeah, I'll explain. I calculate levels for fibonacci manually from weekly price action. They change depending on the order flow of the market. You can see them in this pic. 23.6% was broken an tested this morning as you can see, so the next level to test is 38.2%. Dale's level is a good catapult to enter based on volume pricing and of course it broke that level, so it needs to be retested. If it works, which came very close to it, but have not touch yet, I will expect to test 38.2% @ 1.33185
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 186 KB
  • #6,813
  • Apr 10, 2017 10:17am Apr 10, 2017 10:17am
Quoting S1-1
Hi Dale, have been using the weekend to read up (some more) on market profile and I have a question for you: Do you consider Virgin POC's at all when you are analyzing your charts? Thanks again for your commitment to this thread :-) Ed
Hello mate,
sure, those are significant levels. I don't follow them blindly though.
  • #6,814
  • Apr 10, 2017 10:18am Apr 10, 2017 10:18am
Funny how brokers work... In Oanda my broker chart the trade triggered, whith a high of 1.33665. But in Tradingview same broker price reached 1.33658.. fraction of a pip, which is the pic I posted in previous post. This is my Oanda web chart (they use tradingview also for their web platform)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 259 KB
  • #6,815
  • Apr 10, 2017 10:54am Apr 10, 2017 10:54am
OK.. the money I lost in #usdcad this morning is BACK! and still running!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 258 KB
  • #6,816
  • Apr 10, 2017 11:15am Apr 10, 2017 11:15am
Quoting DrBeercan
Forgive the obvious point if you know this already, but don't forget here in the UK Friday 14th and following Monday 17th are bank holidays.
thanks for heads up mate. I think it will be a good time for us to have a Holiday too
  • #6,817
  • Apr 10, 2017 11:21am Apr 10, 2017 11:21am
The Yen trade is getting close - a word or warning, there is talk of 150,000 Chinese troops amassing on Korean border, the Dow has lost approx 140 points in the last hour and the yen is regarded as a safe haven. You could call this a macro news event even though it's only a twitter account rumbling causing it.
  • #6,818
  • Apr 10, 2017 11:23am Apr 10, 2017 11:23am
Quoting HappyMe
Dale, I have 2 little question: 1) I understood that you normally trade the levels manually but in the asian session you trade the level(s) with limit orders. If so are you putting then all the new levels for that day as limit orders in the trade station or are you only trading the jpy-pairs as limit orders? and in the morning you just remove them all again? 2) The TD-lines indicator is deleting or refreshing all lines etc if switched to another TimeFrame, that's not that handy. Can you please send me the original-code maybe I can fix it. So that...
I place limit for all levels. Even usd/cad can have (and did have) very nice trades during asian session. In the morning I delete all limits and trade everything myself with market orders.
Do I understand it correctly that you can't correct the lines from the current version and for that reason you require an older build? Iam not sure I still have it. please let me know if I got it right.
  • #6,819
  • Apr 10, 2017 11:25am Apr 10, 2017 11:25am
Quoting ziggy
The Yen trade is getting close - a word or warning, there is talk of 150,000 Chinese troops amassing on Korean border, the Dow has lost approx 140 points in the last hour and the yen is regarded as a safe haven. You could call this a macro news event even though it's only a twitter account rumbling causing it.
Hello mate, thanks very much for this warning. I didn't know about this. I very much appreciate your help. I will be carefull with this trade.
  • #6,820
  • Apr 10, 2017 11:38am Apr 10, 2017 11:38am
Quoting HappyMe
{quote} {quote} yep...here too unfortunately that's breaking the list of 12 winning trades in a row.... Up to the next list of winningtrades
You are right guys, I also took a loss there. It was good level though. No regrets It was a nice 12 trade winning streak!
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