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Trader Dale - daily trading levels

  • #7,421
  • May 4, 2017 2:57pm May 4, 2017 2:57pm
USDCHF short @ 0.9911
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  • #7,422
  • May 4, 2017 3:01pm May 4, 2017 3:01pm
EURAUD long @ 1.4742
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  • #7,423
  • Edited 5:45pm May 4, 2017 4:18pm | Edited 5:45pm
Last session:
2 trades were triggered from the levels I picked yesterday. 2 times I had a full TP of 10pips per trade (GBPUSD and USDJPY).

Below my 2cents for the coming session....what you guys think? Did I made my homework correct?!

eurusd
Long 1,0890
Long 1,0931

audusd
short 0,7474

gbpusd
--

usdcad
long 1,3726
long 1,3678
long 1,3662

usdjpy
Long 112,01 112,02
Long 111,83

ps1: I make the levels....but the coming days I'm not trading because of the possible high impact news
ps2: Please don't follow this levels blind...I'm still learning!!
You can manage risk, but you can't manage the return
  • #7,424
  • May 4, 2017 4:42pm May 4, 2017 4:42pm
Quoting HappyMe
Last session: 2 trades were triggered from the levels I picked yesterday. 2 times I had a full TP of 10pips per trade (GBPUSD and USDJPY). Below my 2cents for the coming session....what you guys think? Did I made my homework correct?! eurusd Long 1,0890 Long 1,0931 audusd short 0,7474 gbpusd -- usdcad long 1,3726 long 1,3678 long 1,3662 usdjpy Long 112,01 Long 111,83 ps1: I make the levels....but the coming days I'm not trading because of the possible high impact news ps2: Please don't follow this levels blind...I'm still learning!!

Hi.. looks good.. I just donīt understand UJ 11201
and Iīm not keen with Ucad 13678, priceaction YES,
but the indi shows not that much volume here.. ( I prefer if both matches.. better being picky IMO )
May be Dale can enlighten us in this case ;-)

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #7,425
  • May 4, 2017 4:52pm May 4, 2017 4:52pm
Quoting Sandmann
USDJPY played out nicely +10 {image}
Yes it did. Good trade. I also took a profit there today.
  • #7,426
  • May 4, 2017 4:55pm May 4, 2017 4:55pm
Quoting Sandmann
USDCHF short @ 0.9911 {image}
Hi,
just wanted to tell you that I went through your cross currency levels and I like them all very much. Good job finding them and thanks for posting!
  • #7,427
  • May 4, 2017 5:36pm May 4, 2017 5:36pm
Quoting Sesamstrasse
{quote} Hi.. looks good.. I just dont understand UJ 11201 and Im not keen with Ucad 13678, priceaction YES, but the indi shows not that much volume here.. ( I prefer if both matches.. better being picky IMO ) May be Dale can enlighten us in this case ;-) Stay tuned Guido
You are right with your observation for the UJ. At first I looked to the level 112,06 (POC) but the volume at +/- 112,02 is higher and also 112,02 is also Pivot S1,5 level (see also attachment) (=> Volume is showed in numbers in my indicator. The MarketProfile is showing the TPO's)
PS: 112,02 is the level ...not 112,01 that's just to low...don't know why I was writing 112,01... that's even just belw the pivot support level...

UCAD: level is session low 03-05-2017, is also just not tested at 02-05-2017 and besides of that...if the session low from 05-05-2017 can be broken there is a free space towards 1,3678. and the last, that level is a Pivot S2.0 level for tomorrow (see also attachment)

Hope this makes more clear.....anyway it's all about probabilities...because of the important news and with that volatility it is risky the coming days!

No trades over the weekend at least!

For me no trades for the coming days
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You can manage risk, but you can't manage the return
  • #7,428
  • May 4, 2017 5:50pm May 4, 2017 5:50pm
I have a question for Dale, Ziggy or any senior trader here.
What time do you start your market profile? Is it at the same as the MT4 server time which is +2GMT or do you start it at 12:00am your local time?
Is it better to sync it with the MT4 time or my local time?

Thank you
  • #7,429
  • Edited 6:29pm May 4, 2017 6:15pm | Edited 6:29pm
Quoting Trader-Dale
{quote} Yes it did. Good trade. I also took a profit there today.
Hi Dale,
I am looking at a very old level from 20th March short @113.1, do you consider it tested as today it went 5.4 pips from the level then it made a big movement down?
  • #7,430
  • May 4, 2017 8:07pm May 4, 2017 8:07pm
Quoting spynoza
My plan : TP 20 SL 15 UJ long 112.39 EU short 1.0917 edit : EU hit SL -15
UJ hit TP +20
Follow the flow of water in a stream
  • #7,431
  • May 5, 2017 3:25am May 5, 2017 3:25am
My plan AJ : short 83.19 TP 25 SL 16
Follow the flow of water in a stream
  • #7,432
  • May 5, 2017 4:45am May 5, 2017 4:45am
Quoting Sandmann
EURNZD --> 2 viable levels now on this pair 1.5890 & 1.5851 {image}
EURNZD TP +10
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  • #7,433
  • May 5, 2017 4:48am May 5, 2017 4:48am
Quoting spynoza
{quote} UJ hit TP +20
Verry good....I skipped the 112,37 level because it was just hit in the last session and so already tested....anyway it worked again
You can manage risk, but you can't manage the return
  • #7,434
  • May 5, 2017 5:08am May 5, 2017 5:08am
Quoting Sandmann
{quote} EURNZD TP +10 {image}
Good job!
Can I ask you how much spread do you have in pairs such as EURNZD and EURCAD?
I have 3 pips, that's why I skipped this level, it turns out it worked well anyway but I was i little worried...

Thanks
  • #7,435
  • May 5, 2017 5:17am May 5, 2017 5:17am
Quoting Iena
{quote} Good job! Can I ask you how much spread do you have in pairs such as EURNZD and EURCAD? I have 3 pips, that's why I skipped this level, it turns out it worked well anyway but I was i little worried... Thanks
From 0.2 to 1.3 pips during the London and NY. LMAX is my liquidity provider
  • #7,436
  • May 5, 2017 5:32am May 5, 2017 5:32am
Quoting Sandmann
{quote} From 0.2 to 1.3 pips during the London and NY. LMAX is my liquidity provider
very good spread. Are you sure you got that for eur/nzd or eur/cad? There's a big difference. How much for the commission?

I have average 1.8 - 3.0 pips for eur/nzd with icmarkets. I can't use 12 pips stoploss for this. I think risking 12 pips in this pair to gain 10 pips is very risky as this pair moves average 150 -200 pips per day.
  • #7,437
  • May 5, 2017 5:40am May 5, 2017 5:40am
Quoting Sandmann
{quote} From 0.2 to 1.3 pips during the London and NY. LMAX is my liquidity provider
Well yes it's slightly different!
Better start looking for a different broker I guess....
thanks!
  • #7,438
  • May 5, 2017 5:48am May 5, 2017 5:48am
Quoting CrocodileRex
{quote} very good spread. Are you sure you got that for eur/nzd or eur/cad? There's a big difference. How much for the commission? I have average 1.8 - 3.0 pips for eur/nzd with icmarkets. I can't use 12 pips stoploss for this. I think risking 12 pips in this pair to gain 10 pips is very risky as this pair moves average 150 -200 pips per day.
I agree... I usually change SL and TP to 140 - 120 in the pairs with spread over 1 (i.e. USDCAD and EURJPY where I have 1.5 during the day), and it works quite fine, but they don't move as much as EURNZD...
3 (and it's the day's spread, I can't imagine how much it will be in the night) it's really too much for this kind of strategy
  • #7,439
  • May 5, 2017 6:03am May 5, 2017 6:03am
Quoting CrocodileRex
{quote} very good spread. Are you sure you got that for eur/nzd or eur/cad? There's a big difference. How much for the commission? I have average 1.8 - 3.0 pips for eur/nzd with icmarkets. I can't use 12 pips stoploss for this. I think risking 12 pips in this pair to gain 10 pips is very risky as this pair moves average 150 -200 pips per day.
that was for EURNZD. EURCAD is averaging around 0.8 ... commission is 5eur for 1lot
  • #7,440
  • May 5, 2017 6:38am May 5, 2017 6:38am
is someone thinking to short USDJPY @122.55?
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