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Trader Dale - daily trading levels

  • #7,881
  • May 24, 2017 4:58pm May 24, 2017 4:58pm
Here are my levels for the coming session.

ps. Don't follow my levels blind, I'm still learning
Attached Image
You can manage risk, but you can't manage the return
  • #7,882
  • May 24, 2017 9:05pm May 24, 2017 9:05pm
Quoting swingtrade65
{quote} Another good day today 5/25/2017 AUDCAD: S 1.0102 S2 1.0144 AUDJPY: L 82.87 S 83.93 AUDUSD: L .7467 CADJPY: L 82.87 S 83.58 CHFJPY: L 114.19 S 114.94 I am going to cut the list off here until we get this thread more active. Many pips **Disclaimer*** Use at your own risk **Disclaimer 2** One day when I retire, I will go commercial and sell these numbers on a public website
much better than mine :
eu
1.1261
1.1239
1.1182
1.1082

gu
1.3041
1.2936
1.2882
1.2830

nu
7017
6970
6930
6885

uc
1.3593
1.3532
1.3451



uchf
0.984
0.98
0.9766
0.9706





uj
112.44
112.09
111.11
110.24


eg
8643
8611
8588
  • #7,883
  • May 24, 2017 11:29pm May 24, 2017 11:29pm
UJ long 111.13 or short 112.39
UC long 1.3374 or short 1.3513
EU long 1.1144 or short 1.1253
AU long 0.7537 or short 0.7431

I will only take buy or long level in every pair, and if one level is touched then the other level is canceled.
Attached Image (click to enlarge)
Click to Enlarge Name: uu.png Size: 207 KB
Follow the flow of water in a stream
  • #7,884
  • May 25, 2017 2:44am May 25, 2017 2:44am
After a while level could also work.
Quoting spynoza
UJ long 111.13 or short 112.39 UC long 1.3374 or short 1.3513 EU long 1.1144 or short 1.1253 AU long 0.7537 or short 0.7431 I will only take buy or long level in every pair, and if one level is touched then the other level is canceled. {image}
  • #7,885
  • May 25, 2017 5:08am May 25, 2017 5:08am
Quoting januszo
After a while level could also work. {quote}
Yes of course, just limit my trade in one day..
Follow the flow of water in a stream
  • #7,886
  • May 25, 2017 6:12am May 25, 2017 6:12am
Hello guys!
I got ton of questions about what forex broker I use/recommend. I made and article and video about that.
Have a look:
http://trader-dale.com/recommended-brokers/ (http://trader-dale.com/recommended-brokers/)

***I managed to get a 20 % discount for you (more info in the article)

Happy trading!
  • #7,887
  • May 25, 2017 6:54am May 25, 2017 6:54am
I have been trading for 17 years and a good part of it was forex only because I didn't know or should I say didn't do the research about the futures market. First off there is no such thing as an ecn in forex since there is no exchange for it to go into. Its a play on words But the futures is a real market. Now you may not have a lot of money to invest in the futures market but with 3000 you can get into it. each pip is 5 dollars and it may be to steep for you so you are stuck in this losing game called forex trading. I remember way back when I was managing an acct my broker said invite people to join and we will kick you back a portion of the spread nothing wrong with that but I let my clients know first hand that the deal isn't just about me getting a kick back but execution. it turned out the broker sucked and we went to oanda they changed ceo and they became just like the rest. there is no broker intervention in futures I haven't talked to my broker in years no need to except to draw money just some thoughts for you to ponder
  • #7,888
  • May 25, 2017 7:18am May 25, 2017 7:18am
Quoting swingtrade65
{quote} Another good day today 5/25/2017 AUDCAD: S 1.0102 S2 1.0144 AUDJPY: L 82.87 S 83.93 AUDUSD: L .7467 CADJPY: L 82.87 S 83.58 CHFJPY: L 114.19 S 114.94 I am going to cut the list off here until we get this thread more active. Many pips **Disclaimer*** Use at your own risk **Disclaimer 2** One day when I retire, I will go commercial and sell these numbers on a public website
Would it not be better to keep posting even a limited list? Maybe others can trade your levels and post back?
Take 1 step forward, two small steps back
  • #7,889
  • May 25, 2017 7:24am May 25, 2017 7:24am
Quoting Divergence
I have been trading for 17 years and a good part of it was forex only because I didn't know or should I say didn't do the research about the futures market. First off there is no such thing as an ecn in forex since there is no exchange for it to go into. Its a play on words But the futures is a real market. Now you may not have a lot of money to invest in the futures market but with 3000 you can get into it. each pip is 5 dollars and it may be to steep for you so you are stuck in this losing game called forex trading. I remember way back when I...
Technically you could do e-micro futures too at $1.25 per pip and have access to a real exchange on the cheap. I'm not sure of the volune on the emicros, but I'm sure it's good during London and US sessions.
  • #7,890
  • May 25, 2017 7:34am May 25, 2017 7:34am
Quoting marinecorps
{quote} Technically you could do e-micro futures too at $1.25 per pip and have access to a real exchange on the cheap. I'm not sure of the volune on the emicros, but I'm sure it's good during London and US sessions.
don't know what those are but as far as volume goes those are probably very low. the s and p has highest volume but that trades at 12.50 a pip way to high crude is next but that has larger margin and trades at 10 a pip then comes the NQ (emini nasdaq) it rades at 5 a pip and has the largest daily range of them all. Heres 1 more thing to think about when trading forex all brokers are market makers every single one of then they have to be theres no exchange. then theres the illusion your getting a deal with a small spread like.03 for eurusd. they make market based on futures pricedo you really think they will give you the exact price absolutely not if eurusd is trading at 110.51 they will show you price of 110.53 and then give you spread which means that .03 is more like 2.3 to 3 and to top it off the move it around so on every trade they can slip you legally just telling it like it is
  • #7,891
  • May 25, 2017 7:46am May 25, 2017 7:46am
Quoting DrBeercan
{quote} Would it not be better to keep posting even a limited list? Maybe others can trade your levels and post back?
DBC...That is what I was talking about.....just publishing a limited list every day instead of doing the entire 15 + markets
Plan, Prepare, Execute, Repeat
  • #7,892
  • May 25, 2017 7:56am May 25, 2017 7:56am
Quoting Divergence
I have been trading for 17 years and a good part of it was forex only because I didn't know or should I say didn't do the research about the futures market. First off there is no such thing as an ecn in forex since there is no exchange for it to go into. Its a play on words But the futures is a real market. Now you may not have a lot of money to invest in the futures market but with 3000 you can get into it. each pip is 5 dollars and it may be to steep for you so you are stuck in this losing game called forex trading. I remember way back when I...
What broker do you use and what platforms do they have available
Plan, Prepare, Execute, Repeat
  • #7,893
  • May 25, 2017 8:06am May 25, 2017 8:06am
I use transact but there deposit is rather high there sister company infinity futures uses there data feed and deposit is 2500 to 3000 and to be honest in all the years of me looking at platforms sierra charts are by far the best. full disclosure everyone must pay 6 dollars per month for data feed and with 10 trades charts are free commissions range from 4.50 to 4.90 hence why I move stop to +1 to cover the cost also there is really no spread to enter trade what I mean by that is if you want to get in on a break of 5679.25 my orderis at 5679.50 I don't have to add nothing like in forex
  • #7,894
  • May 25, 2017 8:12am May 25, 2017 8:12am
i switched from forex to futures half year ago. and i am sorry i did not do it earlier. in fact forex is not volatile market at all and your life is too short to daytrade it forex is maybe cool for swing trades via set&forget. otherwise you are killing your life with it..
Reading coffee grounds..
  • #7,895
  • May 25, 2017 8:14am May 25, 2017 8:14am
Quoting st1
i switched from forex to futures half year ago. and i am sorry i did not do it earlier. in fact forex is not volatile market at all and your life is too short to daytrade it forex is maybe cool for swing trades via set&forget. otherwise you are killing your life with it..
good move on your part I trade 1 hour a day from stock market open and don't trade Wednesdays so basically a 4 day 4 hour work week
  • #7,896
  • May 25, 2017 8:29am May 25, 2017 8:29am
My take on the pre-market NQ. Just have to sit back and watch and see how it plays out.
Attached Image (click to enlarge)
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  • #7,897
  • May 25, 2017 8:29am May 25, 2017 8:29am
Quoting Divergence
I use transact but there deposit is rather high there sister company infinity futures uses there data feed and deposit is 2500 to 3000 and to be honest in all the years of me looking at platforms sierra charts are by far the best. full disclosure everyone must pay 6 dollars per month for data feed and with 10 trades charts are free commissions range from 4.50 to 4.90 hence why I move stop to +1 to cover the cost also there is really no spread to enter trade what I mean by that is if you want to get in on a break of 5679.25 my orderis at 5679.50...
I traded futures for a Wall St firm back in the early 90's but it was big positions and mostly swing or really long term positions. Forex is fun for me as I approach retirement, but as that time gets closer, it will become more and more serious so I can pay for that cabin in the NC mountains So, I will most likely move to futures
Plan, Prepare, Execute, Repeat
  • #7,898
  • May 25, 2017 8:49am May 25, 2017 8:49am
Quoting swingtrade65
{quote} DBC...That is what I was talking about.....just publishing a limited list every day instead of doing the entire 15 + markets
OK thanks for the confirmation :-)
Take 1 step forward, two small steps back
  • #7,899
  • May 25, 2017 9:11am May 25, 2017 9:11am
Quoting swingtrade65
{quote} I traded futures for a Wall St firm back in the early 90's but it was big positions and mostly swing or really long term positions. Forex is fun for me as I approach retirement, but as that time gets closer, it will become more and more serious so I can pay for that cabin in the NC mountains So, I will most likely move to futures
Ashville or Cherokee?
  • #7,900
  • May 25, 2017 9:16am May 25, 2017 9:16am
Quoting Divergence
{quote} Ashville or Cherokee?
How about Bryson City or Banner Elk/Boone area too? Love the NC mountains.
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