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Trader Dale - daily trading levels

  • #8,461
  • Jul 18, 2017 3:42am Jul 18, 2017 3:42am
Quoting fxdude1
Some USDCAD levels for tomorrow. The 1.2780 is also 38.2 Fib retracement level, will be interesting to see how that pans out. {image}
Hi fxdude the indicators used on your chart are they the ones posted at the beginning of trader dales thread? And are they mt4 indicators that you are using? where could I get the indicators you use if they can be used on mt4?
Many thanks
  • #8,462
  • Jul 18, 2017 3:56am Jul 18, 2017 3:56am
Quoting moneyrunner
{quote} Hi fxdude the indicators used on your chart are they the ones posted at the beginning of trader dales thread? And are they mt4 indicators that you are using? where could I get the indicators you use if they can be used on mt4? Many thanks
He is using in his screenshot the website: www.tradingview.com
There you can find this online tool! I also use this!

This website also deliver the Futures if you take a subscription for it
You can manage risk, but you can't manage the return
  • #8,463
  • Jul 18, 2017 7:23am Jul 18, 2017 7:23am
Quoting HappyMe
{quote} He is using in his screenshot the website: www.tradingview.com (http://www.tradingview.com) There you can find this online tool! I also use this! This website also deliver the Futures if you take a subscription for it
Hi Moneyrunner,
As HappyMe answered, that's the indicator I use its a paid subscription $10 a month on tradingview. You can find the indicator abbreviated names on the screenshots, its easy to find them.
I would recommend to watch Dale's videos from the previous posts to get an idea how to use indicators and find daily levels. Also the recently attached presentation by Dale is quite informative.
Good luck.
  • #8,464
  • Jul 18, 2017 7:44am Jul 18, 2017 7:44am
Hello guys,
here is how my yesterday's trading went:
http://trader-dale.com/recent-forex-trades/
  • #8,465
  • Jul 18, 2017 3:15pm Jul 18, 2017 3:15pm
What happened on the 12th, 13th and 14th Dale?
ForexSetNForget
  • #8,466
  • Jul 18, 2017 3:42pm Jul 18, 2017 3:42pm
It is gone a bit quiet here...
Here are some of my thoughts on EURUSD, GBPUSD levels for tomorrow.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 142 KB
Click to Enlarge Name: Screenshot2.png Size: 137 KB
  • #8,467
  • Jul 19, 2017 4:09pm Jul 19, 2017 4:09pm
Quoting fxdude1
It is gone a bit quiet here... Here are some of my thoughts on EURUSD, GBPUSD levels for tomorrow. {image} {image}
:-) either people need strong volatility to make the trades work or we just not as good as picking the spots as Dale is. Am also going through a couple of transitions on a personal side so took a step back.

Am currently trialing Supply and Demand (SAD) with Market profile. I have cleaned up my charts and taken all my indicators away except for S&R. I hand draw my SAD levels then I look for any MP that is within those SAD zones. So I am getting confirmation that I am within a reactive zone and confirmation that the MP is going to work. Am in 3 trades all long:

UJ 111.786 - just got a 15 pip win. I spotted it just a few hours ago, the level was sitting on top of a demand zone that was just outside VA and I targeted an area just around a spot that took me just below the balance point within the VA. Took 2 hours but it did it.

Have applied the same theory to EU and GU but I may have been over hasty with them both. Currently oscillating around my entry.. plus its too late in the evening.. I will leave them with a tight stop see what happens.

Two good sources for drawing SAD zones:

AKT profile on this site and forexmentoronline.

With MP I believe it is not just the candle formation that is important but the confirming factor such as cross reference futures to get the right entry.

Edit... and a great book to read: https://www.cmegroup.com/education/interactive/marketprofile/handbook.pdf
Take 1 step forward, two small steps back
  • #8,468
  • Jul 19, 2017 4:19pm Jul 19, 2017 4:19pm
Quoting SetNForget
What happened on the 12th, 13th and 14th Dale?
This happened => Click click (https://www.forexfactory.com/happyme#acct.08-tab.list)

ps: no trading for me tomorrow. I believe it's to tricky with all the upcoming news
You can manage risk, but you can't manage the return
  • #8,469
  • Jul 19, 2017 9:20pm Jul 19, 2017 9:20pm
eu
1.1572n
1.1477
1.1449
1.1413
1.1374
1.1348

au
0.7931
0.7841
0.7809
0.7789n
0.7758
0.7728


echf no be
1.1059
1.1041
1.0969
1.0942

eg
0.8919
0.8871
0.8832
0.8750n


uj
112.60
112.05



ec
1.4787
1.4717
1.4587
1.456

en


1.5781
1.5723
1.5592
1.5534

audnz
1.0765
1.0705
1.0576
nj
83.55
82.56
81.96
81.45
  • #8,470
  • Edited 12:24am Jul 20, 2017 12:11am | Edited 12:24am
Quoting sevan62
{quote} Your levels looks correct mate. EURUSD trade was executed with amazing accuracy by EA with positive slippage of 1.2 pips on live account and ended with full TP. {image}
Hello sevan62

I m currently having a try with your ea
so far I have noticed 3 bugs
- there is a kind of trailing stop (before reaching the goto BE set value) even if ziggy sl is set to false
- I have a level discarded on UJ (112,27) because I think it was touched during the cluster formation (rejection of higher prices)
- sometimes the ea closed itself because of an error = wrong level

hope this help improving your ea
cheers

ps : point 2 is solved by closing the ea
  • #8,471
  • Jul 20, 2017 2:24am Jul 20, 2017 2:24am
Quoting HappyMe
{quote} This happened => Click click (https://www.forexfactory.com/happyme#acct.08-tab.list) ps: no trading for me tomorrow. I believe it's to tricky with all the upcoming news
Same here, am working so can't even scalp!

Last night I had 2 wins 1 loss. My GU trade didn't close due to spread :-( so I limited my losses and it hit SL this morning.
Take 1 step forward, two small steps back
  • #8,472
  • Jul 20, 2017 10:25am Jul 20, 2017 10:25am
Quoting HappyMe
{quote} This happened => Click click (https://www.forexfactory.com/happyme#acct.08-tab.list) ps: no trading for me tomorrow. I believe it's to tricky with all the upcoming news
Thanks Happy me - looks like you're doing very well with this strategy.
Can anyone using the live forex futures prices please tell me a good site to find them on? I realise they won't be free.
Thanks
ForexSetNForget
  • #8,473
  • Jul 20, 2017 1:02pm Jul 20, 2017 1:02pm
Quoting SetNForget
{quote} Thanks Happy me - looks like you're doing very well with this strategy. Can anyone using the live forex futures prices please tell me a good site to find them on? I realise they won't be free. Thanks
Tradingview with a 15 min delay. CME group. see:

https://uk.investing.com/brokers/futures-brokers

FXdude1 do you look at futures in tradingview?
Take 1 step forward, two small steps back
  • #8,474
  • Jul 20, 2017 2:43pm Jul 20, 2017 2:43pm
Quoting DrBeercan
{quote} Tradingview with a 15 min delay. CME group. see: https://uk.investing.com/brokers/futures-brokers FXdude1 do you look at futures in tradingview?
guys if no volumes then maybe tpo?
  • #8,475
  • Jul 21, 2017 2:11am Jul 21, 2017 2:11am
I got 2 be tonight due time filter that sets max time trade could be underwater.

I m thinking that it could be turned off on Asian when strong sr are respected.
  • #8,476
  • Jul 21, 2017 4:12am Jul 21, 2017 4:12am
Another win last night and a partial one this morning on GU and UC. If I left UC it at BE + spread when it almost touched TP and reversed, would of go on to be a winner without touching BE. What are you guys thoughts on moving stop, should we trail or go for a loss at BE + spread which for me is Oanda and can be different spread each time.
Take 1 step forward, two small steps back
  • #8,477
  • Jul 21, 2017 7:24am Jul 21, 2017 7:24am
Hello guys,
check out my NEW ARTICLE on How to trade if you are a busy person!
http://trader-dale.com/trade-busy-person/
  • #8,478
  • Jul 21, 2017 7:25am Jul 21, 2017 7:25am
Quoting SetNForget
What happened on the 12th, 13th and 14th Dale?
I got 2x win (jpy, eur) on the 12.7. and 1x win ( jpy) on the 13.7. I had no trade on the 14th.
  • #8,479
  • Jul 21, 2017 5:32pm Jul 21, 2017 5:32pm
Quoting januszo
{quote} guys if no volumes then maybe tpo?
Am considering that as well..
Take 1 step forward, two small steps back
  • #8,480
  • Jul 22, 2017 1:50pm Jul 22, 2017 1:50pm
Quoting HappyMe
{quote} This happened => Click click (https://www.forexfactory.com/happyme#acct.08-tab.list) ps: no trading for me tomorrow. I believe it's to tricky with all the upcoming news
HEY ,
Do you know why Dale doesnt choose his levels at the the biggest volum prices??
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