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Trader Dale - daily trading levels

  • #7,481
  • May 8, 2017 8:13am May 8, 2017 8:13am
Quoting HappyMe
{quote} 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...
Great to see your enthusiasm still going strong :-) keep going. I'm not posting but I still look at your posts regularly.
Take 1 step forward, two small steps back
  • #7,482
  • Edited 9:00am May 8, 2017 8:13am | Edited 9:00am
Quoting HappyMe
{quote} 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
My USDCAD level crashed.....

I have to study why ...but it was halted in an area of now volume (also mid-session). Is this a thing what just can happened or could we saw it on forehand?!

EDIT: sorry I was a little foggy here....it was a short!! so yes this was a full TP. sorry for the confusion
Attached Image (click to enlarge)
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You can manage risk, but you can't manage the return
  • #7,483
  • May 8, 2017 8:24am May 8, 2017 8:24am
Quoting Iena
{quote} UC short +12 did you take it?
I did, mate! UC 1.3702 was +10 for me
So many in the Commercial section want to make me rich! :o
  • #7,484
  • May 8, 2017 8:29am May 8, 2017 8:29am
Quoting HappyMe
{quote} My USDCAD level crashed..... I have to study why ...but it was halted in an area of now volume (also mid-session). Is this a thing what just can happened or could we saw it on forehand?! {image}
In My new trader view, it looks to be bouncing off a previous supply zone and the market is testing that area. Not sure when you entered but there looks to be a few opportunities it might of worked after the initial rally. Though my view is limited on my phone, early in the day the momentum looked to be high heading towards that zone. Also Monthly it is just about reaching a zone that created a big spike that drove price back down. Have you zoomed out? Anyway. Just a thought I'll have a look at home later this evening to see if my theory is right.
Take 1 step forward, two small steps back
  • #7,485
  • May 8, 2017 8:37am May 8, 2017 8:37am
Quoting HappyMe
{quote} My USDCAD level crashed..... I have to study why ...but it was halted in an area of now volume (also mid-session). Is this a thing what just can happened or could we saw it on forehand?! {image}
That's weird, I had more or less your level (1.3703) I get a profit from it...
  • #7,486
  • Edited 4:11pm May 8, 2017 8:38am | Edited 4:11pm
Quoting HappyMe
{quote} I don't see/understand how you come to those levels.... did I overlooked something?
No, YOU make your levels as you see them ... thats the only important point.

You have all neccessary stuff in your box. And YOU do it great IMO

I decided " less is more" .. and this is my personal decision...
Im good with it, about 2 of 3 levels play out nicely.. But Im really picky..
When priceaction ( price by itself ) broke the line ( for 10 pips ) before, lets say when this volume coaster got formed, I skip the level.
And I trade only in market direction ... works fine ..

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #7,487
  • Edited 9:02am May 8, 2017 8:49am | Edited 9:02am
Quoting Iena
{quote} That's weird, I had more or less your level (1.3703) I get a profit from it...
indeed weird....I checked it again in the 1M time-frame (I'm demo-trading as I said) but it is really a loss ...or you did took the trade a few minutes after the level crossed the 1.3703/04


EDIT: sorry I was a little foggy here....it was a short!! so yes this was a full TP. Sorry for the confusion
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 17 KB
You can manage risk, but you can't manage the return
  • #7,488
  • May 8, 2017 8:51am May 8, 2017 8:51am
Quoting HappyMe
{quote} indeed weird....I checked it again in the 1M time-frame (I'm demo-trading as I said) but it is really a loss ...or you did took the trade a few minutes after the level crossed the 1.3703/04 {image}
Ow damn.....yes you are right, Iena!!! ofcours it was a short.... Ohhh Gosh....I really need to go to bed early this evening!!

Ow well....perfect then, 10pips in the pocket!! No study to this level then....




ps. Sorry for the confusion! and thanks Iena!!
You can manage risk, but you can't manage the return
  • #7,489
  • May 8, 2017 9:00am May 8, 2017 9:00am
Quoting HappyMe
{quote} indeed weird....I checked it again in the 1M time-frame (I'm demo-trading as I said) but it is really a loss ...or you did took the trade a few minutes after the level crossed the 1.3703/04 {image}
Yes I took the trade the first time the price crossed 1.3703.
So nothing to worry about, it's just a matter of timing so do not doubt your analysis skills!
  • #7,490
  • May 8, 2017 9:01am May 8, 2017 9:01am
Quoting HappyMe
{quote} Ow damn.....yes you are right, Iena!!! ofcours it was a short.... Ohhh Gosh....I really need to go to bed early this evening!! Ow well....perfect then, 10pips in the pocket!! No study to this level then.... ps. Sorry for the confusion! and thanks Iena!!
ah ah ok mistery solved!
  • #7,491
  • May 8, 2017 9:08am May 8, 2017 9:08am
Did anybody take d long on GBPUSD just now? my entry didnt get triggered because of spread
  • #7,492
  • May 8, 2017 9:10am May 8, 2017 9:10am
Quoting FX-Flux
{quote} I did, mate! UC 1.3702 was +10 for me
I was too greedy. I could take 14 pips but wanted to squeze moore. Several trades I lost this way
  • #7,493
  • May 8, 2017 9:22am May 8, 2017 9:22am
Quoting zonalmarking
Did anybody take d long on GBPUSD just now? my entry didnt get triggered because of spread
I had a long for 1,2934 (with 3pips from the entry it reversed more then 8pips higher (+/-13pips)
I consider this 1.2934 level as already tested! (No trade possibility for me)
You can manage risk, but you can't manage the return
  • #7,494
  • May 8, 2017 9:43am May 8, 2017 9:43am
Quoting HappyMe
{quote} indeed weird....I checked it again in the 1M time-frame (I'm demo-trading as I said) but it is really a loss ...or you did took the trade a few minutes after the level crossed the 1.3703/04 EDIT: sorry I was a little foggy here....it was a short!! so yes this was a full TP. Sorry for the confusion {image}
:-) definitely early night for you! You thought about penny trading? Demo is OK but the real stuff gives you more clarity in your trades.
Take 1 step forward, two small steps back
  • #7,495
  • May 8, 2017 10:25am May 8, 2017 10:25am
Quoting HappyMe
{quote} My USDCAD level crashed..... I have to study why ...but it was halted in an area of now volume (also mid-session). Is this a thing what just can happened or could we saw it on forehand?! EDIT: sorry I was a little foggy here....it was a short!! so yes this was a full TP. sorry for the confusion {image}
Hello HappyMe,
I was wondering where did you get that market profile tool? Is it better as compared to use the volume profile from trading view?
Thanks

Khalid Y
  • #7,496
  • May 8, 2017 10:53am May 8, 2017 10:53am
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
cancel my EU long 1.0914 , tested
Follow the flow of water in a stream
  • #7,497
  • May 8, 2017 11:12am May 8, 2017 11:12am
Quoting KhalidY
{quote} Hello HappyMe, I was wondering where did you get that market profile tool? Is it better as compared to use the volume profile from trading view? Thanks Khalid Y
And more fun
So many in the Commercial section want to make me rich! :o
  • #7,498
  • May 8, 2017 1:55pm May 8, 2017 1:55pm
two ideas for EURUSD and EURJPY short
they are pretty the same, the volume clusters where this night starts the downside
Probably they are a little bit too risky, what do you think guys?
EURUSD short @1.1012
EURJPY short @124.29
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURJPYM30.png Size: 121 KB
  • #7,499
  • May 8, 2017 2:08pm May 8, 2017 2:08pm
Quoting Iena
two ideas for EURUSD and EURJPY short they are pretty the same, the volume clusters where this night starts the downside Probably they are a little bit too risky, what do you think guys? EURUSD short @1.1012 EURJPY short @124.29 {image} {image}
What I see
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Click to Enlarge Name: Screen Shot 2017-05-08 at 20.01.55.png Size: 275 KB
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So many in the Commercial section want to make me rich! :o
  • #7,500
  • May 8, 2017 2:28pm May 8, 2017 2:28pm
Quoting Iena
two ideas for EURUSD and EURJPY short they are pretty the same, the volume clusters where this night starts the downside Probably they are a little bit too risky, what do you think guys? EURUSD short @1.1012 EURJPY short @124.29 {image} {image}
Just on the EU, this is what I see. In my own opinion, you maybe better off trading up to the dotted green line in the second screenshot or looking for a trade there as it will have to pass through the value area to get to your level. Though I'm not saying the level you are suggesting is wrong, it is sitting below an untested supply zone so would take a view once it gets there. Currently USD is stronger than EURO so it may go the other way down to the first support at 1.08945, 2nd one at 1.08748 and a 3rd at 1.08204 which would be in a zone that is a big gap following the jump during the first round of the French general election. There are a couple of resistance levels the pair will need to get past first from current price to get to your level as well to consider which has halted price a few times in the past.. but that's just my opinion :-) I have stuck in an order at just below the day low where low volume sits a sell from EU 1.09144 down to 1.08943. SL 16 TP 20. We'll see if I am right tomorrow.
Attached Image (click to enlarge)
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Take 1 step forward, two small steps back
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