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Trader Dale - daily trading levels

  • #8,161
  • Jun 13, 2017 6:17am Jun 13, 2017 6:17am
Quoting HappyMe
{quote} I have 2 running trades atm.... one EURUSD and on USDJPY.... ..... Edit1: USDJPY went to BE Edit2: and for USDJPY... waiting for EURUSD now.... Edit3: EURUSD also back to BE Edit4: EURUSD finished as BE (without BE it would be a very nice trade....anyway we need to protect our Balance...then this can happen {image} {image} {image} {image} {image}
Same here on EU, however skipped the UJ trade since I was alread involved in the Fiber and the pairs tend to move in inverse correlation.
thinking outside the box
  • #8,162
  • Edited 9:21am Jun 13, 2017 7:50am | Edited 9:21am
I will try UC long 1.3221

edit : cancel this level, tested
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Follow the flow of water in a stream
  • #8,163
  • Jun 13, 2017 11:36am Jun 13, 2017 11:36am
How do you do? I decided to have a breakeven week.

5x BE, 1x full SL, 1x ziggy SL (-2.9), 1x TP
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  • #8,164
  • Edited 12:55pm Jun 13, 2017 11:58am | Edited 12:55pm
Quoting HappyMe
Well here are my new levels.... ps. please don't trade my levels blind...I'm still practicing! {image}
Hi HappyMe,

Did you use TradingView for finding these levels? Your USDJPY and GBPUSD levels were more accurate than mine. I had 110.23 for USDJPY and 1.27428 for GBPUSD. Both Breakeven for me.

Edit: The USDJPY was not breakeven. it was a 2.9 pip loss because of the moving Ziggy stoploss.
  • #8,165
  • Jun 13, 2017 1:30pm Jun 13, 2017 1:30pm
Quoting HappyMe
Well here are my new levels.... ps. please don't trade my levels blind...I'm still practicing! {image}
And again a GBPUSD level was triggered with a full
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Attached Images
You can manage risk, but you can't manage the return
  • #8,166
  • Jun 13, 2017 1:39pm Jun 13, 2017 1:39pm
Quoting HappyMe
{quote} And again a GBPUSD level was triggered with a full {image} {image} {image}
How about taking this long?
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So many in the Commercial section want to make me rich! :o
  • #8,167
  • Jun 13, 2017 1:40pm Jun 13, 2017 1:40pm
Quoting GU-Night
{quote} Hi HappyMe, Did you use TradingView for finding these levels? Your USDJPY and GBPUSD levels were more accurate than mine. I had 110.23 for USDJPY and 1.27428 for GBPUSD. Both Breakeven for me. Edit: The USDJPY was not breakeven. it was a 2.9 pip loss because of the moving Ziggy stoploss.
yes I use tradingview.... with datastream from FXCM (just as Dale did)

For USDJPY I did not took the highest volume level...but the level where priceaction started
For GBPUSD I used the POC value...it was nearly the same as where priceaction started.
Attached Images
You can manage risk, but you can't manage the return
  • #8,168
  • Edited 2:42pm Jun 13, 2017 1:47pm | Edited 2:42pm
Quoting FX-Flux
{quote} How about taking this long? {image}
Not the right spot I think 1.2728 is a high volume area....but is there price-action?!

Only Volume is not enough in Dales mind.... there must also priceaction. Also mention the articles on Dales website where he is explaining the different MarketProfiles and there possible resistance/support areas

I think 1.2719/20 is a better spot...at least we have there some bigger volume and priceaction.

I'm not sure at the moment but I think for tomorrow we have two possible longs. At least we see a thin MP in last session..... anyway I have to look further for my levels this evening!

Edit: I think I have to correct myself. 1.2728 is POC and High Volume....price action is around 1.2719..... So I think both levels are possible bouncing levels.
I think entry at 1.2728 isn't that bad....but it can be hold a little lower! Yes I go for the 1.2728 in the next session!
Attached Image
You can manage risk, but you can't manage the return
  • #8,169
  • Jun 13, 2017 2:03pm Jun 13, 2017 2:03pm
Quoting HappyMe
{quote} yes I use tradingview.... with datastream from FXCM (just as Dale did) For USDJPY I did not took the highest volume level...but the level where priceaction started For GBPUSD I used the POC value...it was nearly the same as where priceaction started. {image} {image}
Okay, that isn't much difference with my platforms profile and price action, just a little unlucky I guess. Especially GBPUSD, missed TP by 0.1 pip. Next time better!
  • #8,170
  • Jun 13, 2017 2:50pm Jun 13, 2017 2:50pm
Quoting HappyMe
{quote} Not the right spot I think 1.2728 is a high volume area....but is there price-action?! Only Volume is not enough in Dales mind.... there must also priceaction. Also mention the articles on Dales website where he is explaining the different MarketProfiles and there possible resistance/support areas I think 1.2719/20 is a better spot...at least we have there some bigger volume and priceaction. I'm not sure at the moment but I think for tomorrow we have two possible longs. At least we see a thin MP in last session..... anyway I have to look...
Imho the POC is also value are of today, I think there is decent price action rejecting lower value but it will depend if GU is able to establish value above them it will likely stand as a decent support tomorrow and I'll likely take it as well.

best regards guys
thinking outside the box
  • #8,171
  • Jun 13, 2017 3:01pm Jun 13, 2017 3:01pm
Quoting Mercennary
{quote} Imho the POC is also value are of today, I think there is decent price action rejecting lower value but it will depend if GU is able to establish value above them it will likely stand as a decent support tomorrow and I'll likely take it as well. best regards guys
Yes...you are correct....after looking real to my new levels I also thought that way! I already did an edit on my last post
You can manage risk, but you can't manage the return
  • #8,172
  • Edited 3:29pm Jun 13, 2017 3:04pm | Edited 3:29pm
Here are my new levels for the coming session:

EURUSD:
short: 1.1259 / long: 1.1174
AUDUSD:
short: 0.7555 / long 0.7486
GBPUSD:
long: 1.2652 / long: 1.2728
USDCAD:
short: 1.3276
USDJPY:
short: 110.16 / short: 110.68

ps: Please don't trade my levels blind, I'm still practicing!
You can manage risk, but you can't manage the return
  • #8,173
  • Jun 13, 2017 3:08pm Jun 13, 2017 3:08pm
Quoting HappyMe
{quote} Yes...you are correct....after looking real to my new levels I also thought that way! I already did an edit on my last post
Not sure why Dale avoided the Cable, I think is because its volatile nature, therefore PA is a bit trickier.
thinking outside the box
  • #8,174
  • Jun 13, 2017 3:50pm Jun 13, 2017 3:50pm
Guys,
take care of your trades tomorrow, lots of red on the calendar.
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  • #8,175
  • Jun 13, 2017 3:53pm Jun 13, 2017 3:53pm
Quoting Mercennary
{quote} Not sure why Dale avoided the Cable, I think is because its volatile nature, therefore PA is a bit trickier.
Yes indeed, since Brexit, the mess of the elections and different news stories coming out every day it is best to keep away. Am sure somewhere at the beginning he said he keeps away from Cable.
Take 1 step forward, two small steps back
  • #8,176
  • Jun 13, 2017 3:54pm Jun 13, 2017 3:54pm
Quoting fxdude1
Guys, take care of your trades tomorrow, lots of red on the calendar. {image}
and I'll be working so no chance of scalping... :-(
Take 1 step forward, two small steps back
  • #8,177
  • Jun 13, 2017 4:19pm Jun 13, 2017 4:19pm
Quoting DrBeercan
{quote} and I'll be working so no chance of scalping... :-(
same here, but I would set EA for 3:29 PM to catch USDCAD move, if any interesting oil inventory data comes out.
  • #8,178
  • Jun 13, 2017 4:23pm Jun 13, 2017 4:23pm
Quoting fxdude1
{quote} same here, but I would set EA for 3:29 PM to catch USDCAD move, if any interesting oil inventory data comes out.
Good thought are you referring to Sevan EA? What you setting exactly?
Take 1 step forward, two small steps back
  • #8,179
  • Jun 13, 2017 4:30pm Jun 13, 2017 4:30pm
Quoting fxdude1
Guys, take care of your trades tomorrow, lots of red on the calendar. {image}
Indeed ...this is my rednews list (time= gmt+3)

Yes it's packed with news tomorrow
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You can manage risk, but you can't manage the return
  • #8,180
  • Jun 13, 2017 4:46pm Jun 13, 2017 4:46pm
Quoting HappyMe
{quote} And again a GBPUSD level was triggered with a full {image} {image} {image}
gu can run like 40-60 pips from a level!
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