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Trader Dale - daily trading levels

  • #7,461
  • May 7, 2017 4:00pm May 7, 2017 4:00pm
Quoting KhalidY
Marcon has won the elections, this can impact Euro and other European currencies. So be careful guys!!
Indeed it can....I just don't trade the coming session! at least as long as my Brokers hold the changed Margin

But it needed to say....the outcome is/was as expected..... No chock in France and with that in EURO-land.

I still picked some posible levels:

EURUSD
long: 1,0983

AUDUSD
Short1: 0,7454
Short2: 0,7473

GBPUSD
Long1: 1,2934
Long2: 1,2873

USDCAD
Short: 1,3704

USDJPY
--

ps1: I made the levels....but the coming session I'm not trading because of Election in France
ps2: Please don't follow this levels blind...I'm still learning!!
You can manage risk, but you can't manage the return
  • #7,462
  • May 7, 2017 6:34pm May 7, 2017 6:34pm
I'll throw out a few levels that I see. I'm not trading these yet, but just practicing on picking levels. They are all based on market profile VPOC locations, daily high/low levels, price action,etc.

au: b 0.73984 s 0.74727 s 0.74898
eu: b 1.09818 b 1.09536 b 1.09290 b 1.09003
uy: b 112.61 b 112.119
uc: s 136.968 s 137.099 s 137.849
  • #7,463
  • May 7, 2017 9:57pm May 7, 2017 9:57pm
It's too bad Dale decides to commercialize the whole thing.

Meanwhile, he has also taught a lot to us. So maybe buying his package is a good thing. I just wish he have some actual results to show.
  • #7,464
  • Edited 11:28pm May 7, 2017 11:10pm | Edited 11:28pm
Quoting HappyMe
{quote} Indeed it can....I just don't trade the coming session! at least as long as my Brokers hold the changed Margin But it needed to say....the outcome is/was as expected..... No chock in France and with that in EURO-land. I still picked some posible levels: EURUSD long: 1,0983 AUDUSD Short1: 0,7454 Short2: 0,7473 GBPUSD Long1: 1,2934 Long2: 1,2873 USDCAD Short: 1,3704 USDJPY -- ps1: I made the levels....but the coming session I'm not trading because of Election in France ps2: Please don't follow this levels blind...I'm still learning!!
mhhh my EURUSD level (1,0983) were just missed with 2 pips .... after te first low 1,0985 it retraced for 10 pips before it came down again. .
The consider already tested rule would saved me in this case
You can manage risk, but you can't manage the return
  • #7,465
  • May 8, 2017 3:35am May 8, 2017 3:35am
My personal view is the market is going to be a bit choppy for a bit today whilst positions settle. Might be worth taking a view after the US open?
Good luck to you all for this week.
Take 1 step forward, two small steps back
  • #7,466
  • May 8, 2017 4:35am May 8, 2017 4:35am
Quoting HappyMe
{quote} Indeed it can....I just don't trade the coming session! at least as long as my Brokers hold the changed Margin But it needed to say....the outcome is/was as expected..... No chock in France and with that in EURO-land. I still picked some posible levels: EURUSD long: 1,0983 AUDUSD Short1: 0,7454 Short2: 0,7473 GBPUSD Long1: 1,2934 Long2: 1,2873 USDCAD Short: 1,3704 USDJPY -- ps1: I made the levels....but the coming session I'm not trading because of Election in France ps2: Please don't follow this levels blind...I'm still learning!!
Come on guys....what levels do you all have for today?! Do you see problem levels with the levels I picked yesterday evening and why....or do you see levels I missed or whatever!

I hope this thread isn't bleeding dead after Dale left (went Commercial). The only way to do the same as Dale is just :doing, falling, learning, falling, do it again, stand-up again etc...etc...
You can manage risk, but you can't manage the return
  • #7,467
  • May 8, 2017 5:03am May 8, 2017 5:03am
I had eu long 1,09442 - but as you can see - that was not good + - ?
All the best to all of you. But don't follow me. I am a learner.
  • #7,468
  • Edited 6:24am May 8, 2017 5:03am | Edited 6:24am
My plan : TP 10 SL 12

EU : long 1.0914 // 1.0882, short 1.0956
AU : short 0.7444 // 0.7461
UJ : long 112.01, short 113.03
UC : short 1.3735

EU short 1.0956, hit TP +10
Follow the flow of water in a stream
  • #7,469
  • Edited 5:32am May 8, 2017 5:20am | Edited 5:32am
Quoting Oddbjorg
I had eu long 1,09442 - but as you can see - that was not good + - ?
it's still running.... I think... but be carefull....1.0947 must be overcome at least to have potential.... (session low 05/05)!

Why did you pick this level?

I see volume around 1.0933 or maybe a little lower...at mid-session 1.0931. Anyway I didn't pick this level because I thought if we can break the low 1.0947 or 1.0943/44 (VAH of 05/04) we have room to go down until 1.08897 (the only thing in the way could be the mid session at 1.0931 (see the purple rectangle in the image) what could provide som resistance in the first place...

at the moment it's not clear if price is excepted or rejected below the 1.0947/44

That's how I looked to it....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB
You can manage risk, but you can't manage the return
  • #7,470
  • Edited 5:40am May 8, 2017 5:24am | Edited 5:40am
Quoting spynoza
My plan : TP 10 SL 12 EU : long 1.0914 // 1.0882, short 1.0956 AU : short 0.7444 // 0.7461 UJ : long 112.01, short 113.03 UC : short 1.3735
I don't see/understand how you come to those levels.... eg. If I look to the previous day I don't see volume...?! or any reference point (what I consider as reference point) from last day in the neighborhood of your levels...?! did I overlooked something?
You can manage risk, but you can't manage the return
  • #7,471
  • May 8, 2017 5:50am May 8, 2017 5:50am
Quoting HappyMe
{quote} it's still running.... I think... but be carefull....1.0947 must be overcome at least to have potential.... (session low 05/05)! Why did you pick this level? I see volume around 1.0933 or maybe a little lower...at mid-session 1.0931. Anyway I didn't pick this level because I thought if we can break the low 1.0947 or 1.0943/44 (VAH of 05/04) we have room to go down until 1.08897 (the only thing in the way could be the mid session at 1.0931 (see the purple rectangle in the image) what could provide som resistance in the first place... at the...
I had EURUSD long @1.0932 but I consider it tested now...

AUDUSD I have the same level short from last week.

USDCAD short @ 1.3704 and 1.3783 (and some long old level 1.358 1.3509)

USDJPY not sure if there is a viable short level, do you guys have found something?
There is some price action @112.77, but it's basically the same level from 4th May that has been already used on Friday evening..
  • #7,472
  • May 8, 2017 6:05am May 8, 2017 6:05am
Can you guys give me your opinion about this level?
EURJPY 123.070

I was considering it because from here Friday started a nice uptrend, price action here was not so strong but after that it made a 80 pips movement.

I didn't take it this morning because I didn't see too much volume.

What do you think? have you made my same thinking and discard it, or did you take it?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM30.png Size: 139 KB
  • #7,473
  • May 8, 2017 6:22am May 8, 2017 6:22am
Quoting HappyMe
{quote} I don't see/understand how you come to those levels.... eg. If I look to the previous day I don't see volume...?! or any reference point (what I consider as reference point) from last day in the neighborhood of your levels...?! did I overlooked something?
I am newbie and still learning... in general I got my level like my post #7061 and sometimes based on fibo retracement 0.82.
Follow the flow of water in a stream
  • #7,474
  • May 8, 2017 6:23am May 8, 2017 6:23am
Quoting Oddbjorg
I had eu long 1,09442 - but as you can see - that was not good + - ?
worked out nicely!!
You can manage risk, but you can't manage the return
  • #7,475
  • May 8, 2017 6:57am May 8, 2017 6:57am
Quoting Iena
Can you guys give me your opinion about this level? EURJPY 123.070 I was considering it because from here Friday started a nice uptrend, price action here was not so strong but after that it made a 80 pips movement. I didn't take it this morning because I didn't see too much volume. What do you think? have you made my same thinking and discard it, or did you take it? {image}
I think for now if the price going down, your level 122.808 is more interesting....
Follow the flow of water in a stream
  • #7,476
  • May 8, 2017 7:21am May 8, 2017 7:21am
Quoting HappyMe
{quote} it's still running.... I think... but be carefull....1.0947 must be overcome at least to have potential.... (session low 05/05)! Why did you pick this level? I see volume around 1.0933 or maybe a little lower...at mid-session 1.0931. Anyway I didn't pick this level because I thought if we can break the low 1.0947 or 1.0943/44 (VAH of 05/04) we have room to go down until 1.08897 (the only thing in the way could be the mid session at 1.0931 (see the purple rectangle in the image) what could provide som resistance in the first place... at the...
At the moment an interesting level I think at EURUSD.... we broke 1.0943/47....will it go down towards 1.08897 or is it just halted at 1.0931 (mid-session from 04/05) and wants again test the 1.0943/47?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 35 KB
You can manage risk, but you can't manage the return
  • #7,477
  • May 8, 2017 7:35am May 8, 2017 7:35am
Quoting spynoza
My plan : TP 10 SL 12 EU : long 1.0914 // 1.0882, short 1.0956 AU : short 0.7444 // 0.7461 UJ : long 112.01, short 113.03 UC : short 1.3735 EU short 1.0956, hit TP +10
Edit my UC level short: 1.3735 > 1.3754
Follow the flow of water in a stream
  • #7,478
  • May 8, 2017 7:40am May 8, 2017 7:40am
Quoting FX-Flux
UC - Futures show large volume traded around this level {image}
UC short +12

did you take it?
  • #7,479
  • May 8, 2017 7:54am May 8, 2017 7:54am
Quoting HappyMe
{quote} At the moment an interesting level I think at EURUSD.... we broke 1.0943/47....will it go down towards 1.08897 or is it just halted at 1.0931 (mid-session from 04/05) and wants again test the 1.0943/47? {image}
This is so incredible.... mid-session was a reference point what matters. and guess what? it was exactly to the pip! is that a coincidence....well not to me if it happens over and over again....

See the rectangle in the image...already saw on forehand (in my post before) that it possibly could be an important reference point.
The Points for discussion then is how important is a special referencepoint....how much volume was there, how it react in history..... etc...etc...

at the end only reference point matters..... if we see them we can have an extra edge...
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 48 KB
You can manage risk, but you can't manage the return
  • #7,480
  • May 8, 2017 8:03am May 8, 2017 8:03am
Quoting spynoza
{quote} I am newbie and still learning... in general I got my level like my post #7061 and sometimes based on fibo retracement 0.82.

Did you looked to some video's from Dale. speaking for myself: It makes more clear how he try to pick the levels!
You can manage risk, but you can't manage the return
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