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Trader Dale - daily trading levels

  • #161
  • Oct 3, 2016 1:53am Oct 3, 2016 1:53am
Quoting HappyMe
Hi....You drawing the SL-levels you draw in the charts. I was wondering if you do this with an indicator. I really would appreciate if you can share it with us Thanks for the good stuff!
It is an indicator, but it is licenced for my PC so I can't give it to you guys, sorry It is very simple though, you can draw the lines yourselves or maybe someone can programme it for metatrader (not sure if it is possible)?
  • #162
  • Oct 3, 2016 2:03am Oct 3, 2016 2:03am
Quoting Trader-Dale
Intraday levels for 3.10.2016. PT 10 pips, SL 12 pips. Happy trading {image} {image}
Hi Dale,
Hope you are feeling better today!
Thanks for todays levels!
Good luck!!!
  • #163
  • Oct 3, 2016 2:11am Oct 3, 2016 2:11am
Quoting nikki
{quote} Hi Dale, Hope you are feeling better today! Thanks for todays levels! Good luck!!!
Hi. Not much better. I need few more days I think. You are welcome mate and happy trading
  • #164
  • Oct 3, 2016 2:19am Oct 3, 2016 2:19am
Quoting Trader-Dale
{quote} Hi. Not much better. I need few more days I think. You are welcome mate and happy trading
Sorry to hear that
Take care of yourself!!!
  • #165
  • Edited 3:05am Oct 3, 2016 2:34am | Edited 3:05am
Quoting Trader-Dale
{quote} It is an indicator, but it is licenced for my PC so I can't give it to you guys, sorry It is very simple though, you can draw the lines yourselves or maybe someone can programme it for metatrader (not sure if it is possible)?
Thanks for the answer.... well I respect and understand that....

Mhhh Can you give us the rules for the indicator or when can we a draw a new SL-level?

I can't promise to much but maybe I have some time for programming it...

ps: Get well soon!
You can manage risk, but you can't manage the return
  • #166
  • Oct 3, 2016 3:05am Oct 3, 2016 3:05am
Quoting HappyMe
{quote} Thanks for the answer.... well I respect and understand that.... Mhhh Can you give us the rules for the indicator or when can we a draw a new SL-level? I can't promise to much but maybe I have some time for programming it...
I use mostly m30 chart. Then you need 3 candles for the "formation" it is either pivot high or pivot low. For pivot low you need the low of the candle to be lower than lows of previous and the next candle. The exact opposite goes for pivot high. It is pretty simple thing. That would be great If you could help others with programming it! If you have any more questions I will help gladly.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 9 KB


one more thing. If the drawn "SL" line gets tested and price hits it then I consider it done and the SL no more "active" - so the horizontal line should end here. Please look at the picture of USD/JPY. It is hard to describe it, but it is quite easy to spot when you see it in the screenshot.
  • #167
  • Oct 3, 2016 3:22am Oct 3, 2016 3:22am
Hi Dale,
Great level and analysis, do you think if it make sense to use the profile indicator in MTt4 on forex pair?
If no, do you think the builtin one in tradingview on futures can do the job?
Thx
  • #168
  • Oct 3, 2016 3:59am Oct 3, 2016 3:59am
Quoting Trader-Dale
{quote} I use mostly m30 chart. Then you need 3 candles for the "formation" it is either pivot high or pivot low. For pivot low you need the low of the candle to be lower than lows of previous and the next candle. The exact opposite goes for pivot high. It is pretty simple thing. That would be great If you could help others with programming it! If you have any more questions I will help gladly. {image} one more thing. If the drawn "SL" line gets tested and price hits it then I consider it done and the SL no more "active" - so the horizontal line...
Gracias!!

I looked also to your usdjpy chart. There I could spot the a part as showed below (Look in the blue circle)

This is also a low....but is not signed with a SL. Is it because the openingprice of the bar is started with a gap or bar is a bull bar instead of a bearish bar?!
Attached Image
You can manage risk, but you can't manage the return
  • #169
  • Oct 3, 2016 4:14am Oct 3, 2016 4:14am
Quoting Trader-Dale
{quote} I use mostly m30 chart. Then you need 3 candles for the "formation" it is either pivot high or pivot low. For pivot low you need the low of the candle to be lower than lows of previous and the next candle. The exact opposite goes for pivot high. It is pretty simple thing. That would be great If you could help others with programming it! If you have any more questions I will help gladly. {image} one more thing. If the drawn "SL" line gets tested and price hits it then I consider it done and the SL no more "active" - so the horizontal line...
Does this mean,you simple wait for M30 stop hunt,then buy or sell and target 10 pips?
Watch me trade Live on YouTube
  • #170
  • Oct 3, 2016 6:59am Oct 3, 2016 6:59am
Quoting sunnym
{quote} Does this mean,you simple wait for M30 stop hunt,then buy or sell and target 10 pips?
No, this was just as a confirmation of my thought that usd/jpy will go down.
  • #171
  • Oct 3, 2016 7:01am Oct 3, 2016 7:01am
Quoting HappyMe
{quote} Gracias!! I looked also to your usdjpy chart. There I could spot the a part as showed below (Look in the blue circle) This is also a low....but is not signed with a SL. Is it because the openingprice of the bar is started with a gap or bar is a bull bar instead of a bearish bar?! {image}
don't know, sorry.
  • #172
  • Oct 3, 2016 7:02am Oct 3, 2016 7:02am
Quoting themchose
Hi Dale, Great level and analysis, do you think if it make sense to use the profile indicator in MTt4 on forex pair? If no, do you think the builtin one in tradingview on futures can do the job? Thx
good idea using tradingview futures with their MP!
  • #173
  • Oct 3, 2016 7:08am Oct 3, 2016 7:08am
Quoting Trader-Dale
Intraday levels for 3.10.2016. PT 10 pips, SL 12 pips. Happy trading {image} {image}
Ok, great call on 1.1213 E/U, already moved 10 pps up ....but the buy limit order wasn't filled because of the shock ...I dont know
...now I am affraid is going down, canceled the pending
Member
  • #174
  • Oct 3, 2016 7:33am Oct 3, 2016 7:33am
Quoting TudorIoan
{quote} Ok, great call on 1.1213 E/U, already moved 10 pps up ....but the buy limit order wasn't filled because of the shock ...I dont know ...now I am affraid is going down, canceled the pending
It was hit during macro news so don't trade that at all.
  • #175
  • Oct 3, 2016 7:37am Oct 3, 2016 7:37am
Quoting Trader-Dale
{quote} It was hit during macro news so don't trade that at all.

orders were filled b4 i saw your post. Do i exit this trade at -1pip now?
  • #176
  • Oct 3, 2016 10:10am Oct 3, 2016 10:10am
Hi dale,

Nice analysis tbh. Why you don't make the trade explorer? It's nice to see how your trade goes.
Risk comes from not knowing what you're doing.
  • #177
  • Oct 3, 2016 3:31pm Oct 3, 2016 3:31pm
Quoting trader-dale
{quote} it was hit during macro news so don't trade that at all.
any idea about how to get turning points??
  • #178
  • Oct 3, 2016 4:11pm Oct 3, 2016 4:11pm
Day 3 without much movement. Upcoming opportunities tomorrow !!
  • #179
  • Oct 4, 2016 12:12am Oct 4, 2016 12:12am
Intraday levels for 4.10.2016.
PT 10 pips, SL 12 pips.
Happy trading

Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 182 KB
  • #180
  • Oct 4, 2016 12:31am Oct 4, 2016 12:31am
Quoting Trader-Dale
Intraday levels for 4.10.2016. PT 10 pips, SL 12 pips. Happy trading {image} {image}
Thanks!!!
Good luck!!!
(Hope you feel a little better today)......

Regards nikki
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