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Trader Dale - daily trading levels

  • #7,021
  • Apr 21, 2017 8:45am Apr 21, 2017 8:45am
Quoting ziggy
took a bit of time, but +20 EU thanks Dale

A very old USDCAD short level 1.35060 from 14th March has been triggered and reached 20 pips target in a few minutes...awesome!
Thanks Dale!
  • #7,022
  • Apr 21, 2017 8:50am Apr 21, 2017 8:50am
anyone going for less than 20 on the Cad trade should have had it by now +20 missed by the spread so it will now either be +20 or +1 for me, either way a great end to the week thanks Dale - trust you are well on the mend now Cheers Ziggy
  • #7,023
  • Edited 9:09am Apr 21, 2017 8:51am | Edited 9:09am
Quoting Iena
{quote} A very old USDCAD short level 1.35060 from 14th March has been triggered and reached 20 pips target in a few minutes...awesome! Thanks Dale!
nice going Iena, my PT missed by the spread - still time tho

edit +1
  • #7,024
  • Apr 21, 2017 8:57am Apr 21, 2017 8:57am
Darn it, I missed the party as the bus was late, too busy staring elsewhere! I got a nice big +30 on the AUDCAD though! Wrapped up my week nicely :-)

Good luck to Man C.. I mean Arsenal on Sunday Ziggy! You never know it might be a north London derby in the final!

Am wrapping up for the day have a good weekend all..
Take 1 step forward, two small steps back
  • #7,025
  • Apr 21, 2017 9:04am Apr 21, 2017 9:04am
Quoting DrBeercan
Darn it, I missed the party as the bus was late, too busy staring elsewhere! I got a nice big +30 on the AUDCAD though! Wrapped up my week nicely :-) Good luck to Man C.. I mean Arsenal on Sunday Ziggy! You never know it might be a north London derby in the final! Am wrapping up for the day have a good weekend all..
Cheers DrB, ggodluck to those Lillywhites.......... I think you've a much better chance of a final appearance than the gunners have but stranger things have happened
  • #7,026
  • Apr 21, 2017 9:13am Apr 21, 2017 9:13am
Quoting ziggy
{quote} nice going Iena, my PT missed by the spread - still time tho
Actually, I've got a bit of luck, I've used Sevan's EA and slippage got me a better price at 1.35079...

enjoy your weekend all
  • #7,027
  • Apr 21, 2017 9:44am Apr 21, 2017 9:44am
Quoting ziggy
took a bit of time, but +20 EU thanks Dale
Hi Ziggy,

For the first "hit" (was 0,7 pip to short) after that a nice retracement but then we could considere the level as tested
And then a nice hit at 1.06867....and a second retracement

Nice.... but no trade wih the standard roles
You can manage risk, but you can't manage the return
  • #7,028
  • Apr 21, 2017 10:19am Apr 21, 2017 10:19am
Quoting HappyMe
{quote} Hi Ziggy, For the first "hit" (was 0,7 pip to short) after that a nice retracement but then we could considere the level as tested And then a nice hit at 1.06867....and a second retracement Nice.... but no trade wih the standard roles
Hi HappyMe, for long trades I add my spread to the level as on FXCM MT4 (even tho I don't trade on MT4 or fxcm) that is how their pricing works, I was actually filled on the first visit and that was very lucky as I think it must have been right at the extreme - but I'll take it.

At one point there was a lot of discussion in this thread about taking a position ahead of the level, what I would say is at a profit and stop level 20 pips away it doesn't hurt to be 1 point in front of the level, I am reasonably confident of this based on all the information I hold - so anyone who has the fear of "missing out" could take this approach.
  • #7,029
  • Apr 21, 2017 11:43pm Apr 21, 2017 11:43pm
Quoting ziggy
I know this is stating "the bleedin obvious" but whatever you do by the end of the day do make sure you have no pending or open orders on anything which might be affected by the euro, the first round of the french election is due out on Sunday pm, and depending on which 2 get through to the next round we could see a huge move on the euro. Any pending orders or orders associated with EA's could get slipped by a massive amount. It might turn out to be a big nothing, in which case it doesn't matter much, but if not the accounts could get seriously...
Thanks Jiggy. The "obvious" is not so much for some of us (me). Unless I'm staying tuned to the right news at the right time, I would have missed that. Plus that's not covered as importantly in the US as other places I suspect. We have our own idiot to contest with. So thanks for the heads up!
  • #7,030
  • Apr 22, 2017 1:05pm Apr 22, 2017 1:05pm
Guys , recently usdchf was kinda top performer for me.Worth tryin.
  • #7,031
  • Apr 22, 2017 2:57pm Apr 22, 2017 2:57pm
Hi guys. Really nice thread!

Just thought I'd post my chart showing the divergence sell signal on Thursday (CCI 14) and sell/buy signals on Friday (price bounced quite nicely off 200 ema). Fitted in nicely with Trader Dale's buy signal around 1.0685!

Regards
JM
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 37 KB
  • #7,032
  • Apr 22, 2017 6:32pm Apr 22, 2017 6:32pm
I am reading more into what I can find, there are several indicators to download on the original post.

First question is where is the data from the market profile gotten? How is the volume measured and more so form where does that data come? I assume my broker? If that is that case isnt the forex data not accurate for volume?

2: On market profile what is the "value area" and how is that determined? I didnt find any explanation on it so far, I understand that the VPOC is just the area with the most volume of the day.

3: What are the other indicators on the original post for? The sweet spot indicator just makes tons of lines on my chart. Also naked tpl and VWAP? I looked around and I cant find some explanation of these.

Thanks in advance
  • #7,033
  • Edited 5:09am Apr 23, 2017 4:34am | Edited 5:09am
Quoting ScoobyDawg
I am reading more into what I can find, there are several indicators to download on the original post. First question is where is the data from the market profile gotten? How is the volume measured and more so form where does that data come? I assume my broker? If that is that case isnt the forex data not accurate for volume? 2: On market profile what is the "value area" and how is that determined? I didnt find any explanation on it so far, I understand that the VPOC is just the area with the most volume of the day. 3: What are the other indicators...
Nothing is free.This is all about time here.
Read post #1 [it will answer yr questions, vwap - make it later ] then observe imgs Dale is posting & look at volumes - try to find out why he selected any particular level.
After a time it become clear and u re home, i mean rdy i.e. to trade other instruments too.
PS
Also the website or other initial posts could be useful.
  • #7,034
  • Apr 23, 2017 7:12am Apr 23, 2017 7:12am
Hi everybody,

Is there anything here about how to use forex futures to find areas ??
  • #7,035
  • Apr 23, 2017 1:50pm Apr 23, 2017 1:50pm
Quoting Neo1
Hi everybody, Is there anything here about how to use forex futures to find areas ??

Don't think that's the strategy. I think it's more about looking for re-entry levels after a retracement. A good strategy and works well if the market agrees with that level!

Anyone use murrey maths? Worked well with EU and USDCAD on Friday
  • #7,036
  • Apr 23, 2017 3:55pm Apr 23, 2017 3:55pm
Hello guys!
Thanks very much for wishing me to get well soon. It seems it helped Iam much better now. You can expect new levels tomorrow (Iam not sure about the video commentary though, maybe I will give my sore throat a little bit more rest). For now, just let me to tell you that I probably won't be trading eur/usd tomorrow because of the elections. Be careful on all eur pairs. It is very unpredictable now.
  • #7,037
  • Apr 23, 2017 4:06pm Apr 23, 2017 4:06pm
What happened during the weekend? EU gap 180 pips.
  • #7,038
  • Apr 23, 2017 4:07pm Apr 23, 2017 4:07pm
Quoting Trader-Dale
Hello guys! Thanks very much for wishing me to get well soon. It seems it helped Iam much better now. You can expect new levels tomorrow (Iam not sure about the video commentary though, maybe I will give my sore throat a little bit more rest). For now, just let me to tell you that I probably won't be trading eur/usd tomorrow because of the elections. Be careful on all eur pairs. It is very unpredictable now.
You could always do a video with text popping up at places you point ;-) only kidding. Rest up there is nothing worse than trying to present whilst your throat is sore.

I also hope nobody left any pending orders on, there were some wild moves in the market when it opened just now!
Take 1 step forward, two small steps back
  • #7,039
  • Apr 23, 2017 4:18pm Apr 23, 2017 4:18pm
I turned on my EA before market opened and luckily got profit on UJ and EU. But it wasn´t clever idea. Lesson learned.
  • #7,040
  • Edited 8:53pm Apr 23, 2017 5:24pm | Edited 8:53pm
Quoting majrou666
What happened during the weekend? EU gap 180 pips.
French election. Reaction was spot on to what web sites were saying.
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