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Trader Dale - daily trading levels

  • #8,261
  • Jun 19, 2017 8:02am Jun 19, 2017 8:02am
Quoting spynoza
My levels today : EU : long 1.1181//1.1161 short 1.1226 AU : long 0.7593//0.7568 short 0.7658 UJ : long 110.08//109.92 short 111.32 UC : long 1.3201//1.3185 short 1.3253//1.3289 edit : EU long 1.1181 tested...UC short 1.3253 tested... edit2 : AU long 0.7593 hit TP +10 Win : Loss = 12 : 9 (134 pips : 109 pips)
UJ short 111.32 hit BE
Follow the flow of water in a stream
  • #8,262
  • Edited 10:02am Jun 19, 2017 9:20am | Edited 10:02am
Quoting GU-Night
{quote} This is from Dale's website. {image}
Hi ....I'm thinking and thinking but I don't make progress atm

I like to program such thing as a "Quitting the position earlier" but what critera do we need to check.
Oke, if you don't see aggression. That's a clear statement! But what is aggression in terms of pricemovement? How to measure this? Maybe a specific range between x-minuts...? Ideas are welcome here.

In principle I don't like indicators anymore (maybe it is wise to add them but in the firstplcae I don't want to trade with them) so what possibilities do we have to measure aggression?
counting pips in negative territorium and times of touching/crossing the initial level?
Maybe we need to investigate the MarketProfile more for having a clue? But what is good to look at in this case?

Maybe there are more things to look at. We can in such cases give points to characteristic things... how higher the score how more sure a the market is not Aggressive at that moment.

Well that where my quick thoughts....what about yours?

What is typical for this situation...I know it's the 1 million question I Still want to ask him

Well I have a mind full of questions atm. but no clear answers for now...

Hope you guys can give me hints and tips......
You can manage risk, but you can't manage the return
  • #8,263
  • Jun 19, 2017 11:10am Jun 19, 2017 11:10am
Quoting HappyMe
{quote} Hi ....I'm thinking and thinking but I don't make progress atm I like to program such thing as a "Quitting the position earlier" but what critera do we need to check. Oke, if you don't see aggression. That's a clear statement! But what is aggression in terms of pricemovement? How to measure this? Maybe a specific range between x-minuts...? Ideas are welcome here. In principle I don't like indicators anymore (maybe it is wise to add them but in the firstplcae I don't want to trade with them) so what possibilities do we have...
I tired but you were not willing to listen good luck
  • #8,264
  • Jun 19, 2017 12:58pm Jun 19, 2017 12:58pm
Quoting Divergence
{quote} I tired but you were not willing to listen good luck
Sometimes you meet people who always want to put a negative tone in a threat... want to let see how good or bad they are....Big ego....small ego....etc....etc....etc...

By the way, If I remember correctly you would left the tread...?! You said....?!

Anyway......I would appreciate it if you head some positive feed back... But after the History I'm also tired from this sort of posts....It is worth an Ignore...

Good luck!!
You can manage risk, but you can't manage the return
  • #8,265
  • Jun 19, 2017 1:21pm Jun 19, 2017 1:21pm
Quoting HappyMe
{quote} Hi ....I'm thinking and thinking but I don't make progress atm I like to program such thing as a "Quitting the position earlier" but what critera do we need to check. Oke, if you don't see aggression. That's a clear statement! But what is aggression in terms of pricemovement? How to measure this? Maybe a specific range between x-minuts...? Ideas are welcome here. In principle I don't like indicators anymore (maybe it is wise to add them but in the firstplcae I don't want to trade with them) so what possibilities do we have...
It is not the aggression that you need to define. It is the absence of selling aggression at a short level. And the absence of buying aggression at a long level.

Rule 1

-A 5 minute candle that closes near its high (in case of a short) and closes Xpips in negative territory shows absence of selling aggression. See post #8249 screenshot. In such a case you want to move the TakeProfit to BreakEven.


-A 5 minute candle that closes near its low (in case of long) and closes Xpips in negative territory shows absence of buying aggression. In such a case you want to move the TakeProfit to BreakEven.

Rule 2

If the trade is not in profit after Xminutes move TakeProfit to BreakEven.


Something like that?
  • #8,266
  • Jun 19, 2017 2:39pm Jun 19, 2017 2:39pm
[quote=GU-Night;9994917]{quote} It is not the aggression that you need to define. It is the absence of selling aggression at a short level. And the absence of buying aggression at a long level. Rule 1 -A 5 minute candle that closes near its high (in case of a short) and closes Xpips in negative territory shows absence of selling aggression. See post #8249 screenshot. In such a case you want to move

Thank You! Indeed "Something like that"...
You can manage risk, but you can't manage the return
  • #8,267
  • Jun 19, 2017 3:06pm Jun 19, 2017 3:06pm
Quoting HappyMe
{quote} No I didn't....that's "Dale version2.0" ..... Well I don't think it's him ...that would be stupid for people who are paying his service. But yes I believe it's exact the same method.... he needs to come overhere .....
Maybe he is here. One of us
  • #8,268
  • Jun 19, 2017 3:14pm Jun 19, 2017 3:14pm
Quoting januszo
{quote} Maybe he is here. One of us
........
Do you think we have a mistery-guest inhere?

Well mister Dale v2.0....you are welcome here!

You can manage risk, but you can't manage the return
  • #8,269
  • Jun 19, 2017 3:17pm Jun 19, 2017 3:17pm
Quoting HappyMe
{quote} Sometimes you meet people who always want to put a negative tone in a threat... want to let see how good or bad they are....Big ego....small ego....etc....etc....etc... By the way, If I remember correctly you would left the tread...?! You said....?! Anyway......I would appreciate it if you head some positive feed back... But after the History I'm also tired from this sort of posts....It is worth an Ignore... Good luck!!
hehehe.
relax/

In fluid mechanics divergence describes change in volume,
so it needs a bit pressure difference ,acceleration or just to be sticky to be seen in action
and to be differennt than zero.
cold water has divergence set to zero. so imagine just opposite.
  • #8,270
  • Jun 19, 2017 4:33pm Jun 19, 2017 4:33pm
Quoting HappyMe
{quote} No that's not my first intention.... It has to do with my level checkprocedure. I check the level from the start of the session untill currenttime....all was working fine but if I want to set a level that already was a pricelevel that day/session...then it was always showed as (not valid...already triggerd). Well I just want to set that level from a specific time.... Because of that wish I need to add a time-component in the level. Given all those info into the default input screen of an EA is a little difficult. So that's why I wanted just...
yep completely, makes perfect sense. Though the point I was referring to is at set times of the day you get big moves in one direction or another depending on who is playing the market at that point.. either way as to who these people are my thoughts are that if you focus on those moments in time where moves are bigger then the possibility of a having a rapid reaction is higher giving the trade a better chance of succeeding. We all know that during the Asian session we are in general getting small pips and at key points we get a big move due to market open. Otherwise if we opened a trade at 9PM GMT you would have to sit and wait until markets open to confirm the trade movement. I am suggesting to be sure of a good profile volume based reaction pick the times when there are big players in the market. We shouldn't forget also that we are picking a point in a hotspot and I re-read Dales thread which says that sometimes he will pick a spot outside a VA such as a balanced area and take profit at POC.
Am loving the learning! :-)
Take 1 step forward, two small steps back
  • #8,271
  • Jun 19, 2017 4:33pm Jun 19, 2017 4:33pm
Quoting HappyMe
{quote} Sometimes you meet people who always want to put a negative tone in a threat... want to let see how good or bad they are....Big ego....small ego....etc....etc....etc... By the way, If I remember correctly you would left the tread...?! You said....?! Anyway......I would appreciate it if you head some positive feed back... But after the History I'm also tired from this sort of posts....It is worth an Ignore... Good luck!!
I even liked his comment that he wasn't coming back to the thread :-P
Take 1 step forward, two small steps back
  • #8,272
  • Edited 5:14am Jun 20, 2017 2:13am | Edited 5:14am
My levels today :

EU long 1.1126 short 1.1204
AU long 0.7577 short 0.7621
UJ long 110.92 //110.74 short 111.80
UC long 1.3161 short 1.3251//1.3288

edit UC short 1.3250//1.3288
Follow the flow of water in a stream
  • #8,273
  • Jun 20, 2017 2:24am Jun 20, 2017 2:24am
Quoting spynoza
My levels today : EU : long 1.1181//1.1161 short 1.1226 AU : long 0.7593//0.7568 short 0.7658 UJ : long 110.08//109.92 short 111.32 UC : long 1.3201//1.3185 short 1.3253//1.3289 edit : EU long 1.1181 tested...UC short 1.3253 tested... edit2 : AU long 0.7593 hit TP +10 Win : Loss = 12 : 9 (134 pips : 109 pips)
from yesterday : UC long 1.3201 hit SL -12, EU long 1.1181 hit SL -12

Win : Loss = 12 : 11 (134 pips : 133 pips)
Follow the flow of water in a stream
  • #8,274
  • Edited 3:29am Jun 20, 2017 3:13am | Edited 3:29am
Quoting GU-Night
{quote} It is not the aggression that you need to define. It is the absence of selling aggression at a short level. And the absence of buying aggression at a long level. Rule 1 -A 5 minute candle that closes near its high (in case of a short) and closes Xpips in negative territory shows absence of selling aggression. See post #8249 screenshot. In such a case you want to move the TakeProfit to BreakEven. -A 5 minute candle that closes near its low (in case of long) and closes Xpips in negative territory shows absence of buying aggression. In such...
You really triggered me... I had quick look at it with some TP and SL trades and yes, your approach make a lot of sense to me!

I now try to document the characteristics (on 5min chart) of every trade I make. With this I hope to come to a measured decision of Rule(s) to look at during a trade. "Which rules can we look at for measure the needed aggression" Hope this excersise can lead to some useful rules

Think on things as:
-Aggressive reaction yes or no (in beginning or end?)
-how long within neg. territorium
-duration to SL or TP
-How is the LL LH HL and HH order of the bars
-closes of seen bars +50% or -50%
-long wicks available?
-hudge pipjump just before trade was triggered?

(Ofcourse I do not consider trades during RedNewsEvents)

Has anyone some extra usefull tips to look at for documenting the trades?
You can manage risk, but you can't manage the return
  • #8,275
  • Jun 20, 2017 3:32am Jun 20, 2017 3:32am
I think these weeks are very difficult to trade, silly season (cucumber-time) has started. Lack of volume so little news will overreact price, hitting sl's.
On the other hand levels that look very strong will offer no resistance at all and then pullback somewhere in vacuum area?!!.
So maybe try to not trade on bank holidays and lack of volume days.

For use in an EA its possible to use a tick indicator, count all the ( ticks / time eg.4H ).. determine the minimal volume of ticks you want before entering a trade.

if there is not enough volume per candle or set time. cancel a trade ...
  • #8,276
  • Jun 20, 2017 5:40am Jun 20, 2017 5:40am
Quoting spynoza
My levels today : EU long 1.1126 short 1.1204 AU long 0.7577 short 0.7621 UJ long 110.92 //110.74 short 111.80 UC long 1.3161 short 1.3251//1.3288 edit UC short 1.3250//1.3288
UJ short 110.80 tested... AU short 0.7621 hit TP +10... UC short 1.3250 hit BE

Win : Loss = 13 : 11 (144 pips : 133 pips)
Follow the flow of water in a stream
  • #8,277
  • Jun 20, 2017 12:37pm Jun 20, 2017 12:37pm
Quoting HappyMe
{quote} You really triggered me... I had quick look at it with some TP and SL trades and yes, your approach make a lot of sense to me! I now try to document the characteristics (on 5min chart) of every trade I make. With this I hope to come to a measured decision of Rule(s) to look at during a trade. "Which rules can we look at for measure the needed aggression" Hope this excersise can lead to some useful rules Think on things as: -Aggressive reaction yes or no (in beginning or end?) -how long within neg. territorium -duration...
In addition to debier's post I have here an Volume and RSI indicator, it draws small arrows if high volume appears and RSI is at a certain level. This indicator is made by 'Hepsibah' and shared in 'Wizlon32' thread. https://www.forexfactory.com/showthread.php?t=657993 . That journal is also a great addition to this thread.

As far as I can see this indicator does a very good job in combination with the marketprofile levels. It can be used for entries and exits.

These are examples from the 1 minute chart.
Attached Images
Attached File(s)
File Type: mq4 RSIVol.mq4   3 KB | 379 downloads
  • #8,278
  • Jun 20, 2017 4:19pm Jun 20, 2017 4:19pm
im considering two things thesedays:

1. remove any news filter on gbp pairs. eg hits extremes on events recently.
2. since our enemy is constant unstopped trend im considering eurchf instead of uchf - its perfect instrument since it ranges a lot.
  • #8,279
  • Edited 4:34pm Jun 20, 2017 4:23pm | Edited 4:34pm
Quoting GU-Night
{quote} In addition to debier's post I have here an Volume and RSI indicator, it draws small arrows if high volume appears and RSI is at a certain level. This indicator is made by 'Hepsibah' and shared in 'Wizlon32' thread. https://www.forexfactory.com/showthread.php?t=657993 . That journal is also a great addition to this thread. As far as I can see this indicator does a very good job in combination with the marketprofile levels. It can be used for entries and exits. These are examples from the 1 minute chart. {image} {image} {file}
does this guy play "sprints?"
invest 2% of cap and paly leverage 50-100 with it,till target is met or sl on capital ,cash it, then repeat.
  • #8,280
  • Jun 20, 2017 4:28pm Jun 20, 2017 4:28pm
Quoting spynoza
My levels today : EU long 1.1126 short 1.1204 AU long 0.7577 short 0.7621 UJ long 110.92 //110.74 short 111.80 UC long 1.3161 short 1.3251//1.3288 edit UC short 1.3250//1.3288
EU long 1.1126 hit TrlStop +4... AU long 0.7577 hit BE... UC short 1.3288 cancel...

Win : Loss = 14 : 11 (148 pips : 133 pips)
Follow the flow of water in a stream
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