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Attachments: Trader Dale - daily trading levels
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Trader Dale - daily trading levels

Quoting FX-Flux
{quote} How did you get that level?

  1. There was nice price action - the candles with long knots. It suggests me that there are some big orders there (same as today at EUR/USD 1.0450).
  2. Volume is even bigger than by the previous "wrong" level. 1.0411
  3. BRN 1.4000 is support itself. It could be 1.4000 precisely but I think it will pierce for a bit so that is why I chose 1.0398

    hope I am understandable

Attached Image (click to enlarge)
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Quoting Koulus
{quote} There was nice price action - the candles with long knots. It suggests me that there are some big orders there (same as today at EUR/USD 1.0450). Volume is even bigger than by the previous "wrong" level. 1.0411 BRN 1.4000 is support itself. It could be 1.4000 precisely but I think it will pierce for a bit so that is why I chose 1.0398 hope I am understandable {image}
EXACTLY! thanks for explaining!
Thank You Trader-Dale. I am new to trading. Lost 1200 dollars already by following bunch of indicators without actually knowing which time frame(s) to use several strategies. I am convinced with your Volume Profiling Concept...I will try to learn more by trading Demo accounts and jump into real trading.
Quoting Koulus
{quote} There was nice price action - the candles with long knots. It suggests me that there are some big orders there (same as today at EUR/USD 1.0450). Volume is even bigger than by the previous "wrong" level. 1.0411 BRN 1.4000 is support itself. It could be 1.4000 precisely but I think it will pierce for a bit so that is why I chose 1.0398 hope I am understandable {image}
Thank you Koulus. Which volume level did you use? If it is today's then 1.0411 has more volume than 1.0400. Isn't it?
Quoting Koulus
{quote} There was nice price action - the candles with long knots. It suggests me that there are some big orders there (same as today at EUR/USD 1.0450). Volume is even bigger than by the previous "wrong" level. 1.0411 BRN 1.4000 is support itself. It could be 1.4000 precisely but I think it will pierce for a bit so that is why I chose 1.0398 hope I am understandable {image}
Big trader always trade on big round number
Risk comes from not knowing what you're doing.
Quoting Trader-Dale
The mysterious new eur/usd level is: 1.0400 long! Koulus got it almost right! congratz and good luck if you are going to trade it
Happy Holidays to you Dale and everyone. Thank you (and all who contributed here) for your kindness. I wish you all a very Pipsorous New Year.
Quoting rabhni
{quote} Thank you Koulus. Which volume level did you use? If it is today's then 1.0411 has more volume than 1.0400. Isn't it?

Hi rabhni, yes it is today's. I think you mean that the spike in volume is "more visible" on the 1.0411? I agree but the second level shows there is more cumulative volume around. Like the area of 1.0398+1.0399+1.0400+1.0401 has in total more volume than are of 1.0410+1.0411+1.0412+1.0413.
I like the level on UJ @117.25, anyone else?

Attached Image (click to enlarge)
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Quoting Koulus
{quote} Hi rabhni, yes it is today's. I think you mean that the spike in volume is "more visible" on the 1.0411? I agree but the second level shows there is more cumulative volume around. Like the area of 1.0398+1.0399+1.0400+1.0401 has in total more volume than are of 1.0410+1.0411+1.0412+1.0413.
I started using the Volume stuff only after coming to this great forum, yet to figure all these out. Which Volume indicator do you use?
Quoting rabhni
{quote} I started using the Volume stuff only after coming to this great forum, yet to figure all these out. Which Volume indicator do you use?

Market Balance in Ninja Trader 7
Quoting Koulus
{quote} Market Balance in Ninja Trader 7
Is that only available if you trade through Ninja trader?
That's it guys. My last trading day of 2016 is over! Have a beautifull and relaxing holidays and see you all on 3.1.2017! Thanks everybody for participating, helping and making this thread a very pleasant place!
Here are all the December trades. Correct me if I forgot some trade but I think thats all. Really nice month I would say.

Attached Image
Quoting Trader-Dale
That's it guys. My last trading day of 2016 is over! Have a beautifull and relaxing holidays and see you all on 3.1.2017! Thanks everybody for participating, helping and making this thread a very pleasant place! Here are all the December trades. Correct me if I forgot some trade but I think thats all. Really nice month I would say. {image}
that's VERY impressive!....can you graph your year to date results!
Quoting vikkyv
Thank You Trader-Dale. I am new to trading. Lost 1200 dollars already by following bunch of indicators without actually knowing which time frame(s) to use several strategies. I am convinced with your Volume Profiling Concept...I will try to learn more by trading Demo accounts and jump into real trading.
Price is the same on all time frames.
All charts are tick compression with the exception of the 1 tick chart.
Fail to understand at your own peril.
Take my 10 Trade Challenge trading 0.01 lots.
A dime or less a pip.
You learn trading by trading.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting rabhni
{quote} Its on the way down..Im sure by the time you get back from the airport it will hit the TP
luvvly jubbly, just back........ +20 , figured if that top level wasn't taken out then it would have a way to go, BIG thanks Dale, see you in 2017
Quoting TooSlow
{quote} Price is the same on all time frames. All charts are tick compression with the exception of the 1 tick chart. Fail to understand at your own peril. Take my 10 Trade Challenge trading 0.01 lots. A dime or less a pip. You learn trading by trading.
LOL I love how you keep advertising your thread in here!
Quoting ziggy
{quote} luvvly jubbly, just back........ +20 , figured if that top level wasn't taken out then it would have a way to go, BIG thanks Dale, see you in 2017
hey ziggy are you taking tp of 20 on all these now?
mr. Dale, how much do you risk per trade % of capital in order for this to work for you?

I made ~130 Pips in a single 2 day swing, but with 2% per trade that is barely decent profit money wise.

I'm asking out of curiosity because I see you are successful.

Another question about your approach is why each PiP matters so much, we talk about 1 PiP, 2 PiPs. But aren't Support and Resistance ZONES? Aren't each person/investor takeprofit/stoploss different? How can you know exactly which PiP is highest probability to have the (10pip) reversal you hunt for?

With respect,
dttsomh
Quoting Trader-Dale
Intraday levels for 21.12.2016 PT 10 pips, SL 12 pips. Happy trading *Basic rules about trading my levels and some mt4 indicators are here: http://www.forexfactory.com/showthread.php?p=9162014#post9162014 *!!! Today is the last trading day before Holidays for me. I will continue with providing my levels and other trading activity on 3.1.2017 !!! {image} {image}
Hi Trader Dale!
Which broker and software you use? Because MT4 dont have this vertical bars.
Quoting Prax
{quote} Is that only available if you trade through Ninja trader?

Some brokers offer demo accounts so it is not necessary to trade through Ninja trader. Anyway Market Balance is not standard indicator in NT7. You have to put it in extra. I think you can try it for 14 days for free and then you have to pay for it.
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