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Trader Dale - daily trading levels

  • #221
  • Edited 10:14am Oct 4, 2016 9:50am | Edited 10:14am
Quoting keen246
{quote} You can open a demo account an get real time data. It's more common to have delayed one, which is also good for this kind of analysis. The platforms from Futures markets are way more complex than MT4s, so there is a rather steep learning curve. I opened a demo account and still learning. I don't know if I can insert the link here, so you guys have a look. Google Infinity Futures. They use Sierra Charts. Cheers
thanks!!

I now see you cannot use mt4 on such a futures platform. I just wanted to read the data and then use it into an indicator or something. Well that was my plan
You can manage risk, but you can't manage the return
  • #222
  • Oct 4, 2016 9:56am Oct 4, 2016 9:56am
Bonus level for you guys: eur/usd short 1,1169.
Today is a trend day so I want to go pullbscks to short now. The closest pullback is this one. The level is based on very high volume at 1.1169
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  • #223
  • Oct 4, 2016 10:07am Oct 4, 2016 10:07am
These charts and analysis look really good, thanks for all the information Dale and HappyMe!
  • #224
  • Oct 4, 2016 10:42am Oct 4, 2016 10:42am
Quoting Trader-Dale
Bonus level for you guys: eur/usd short 1,1169. Today is a trend day so I want to go pullbscks to short now. The closest pullback is this one. The level is based on very high volume at 1.1169 {image}
ECB macro news - don't trade
  • #225
  • Oct 4, 2016 10:46am Oct 4, 2016 10:46am
I know it was hit during macro news, but still pretty accurate right? haha
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  • #226
  • Oct 4, 2016 10:49am Oct 4, 2016 10:49am
Quoting Trader-Dale
I know it was hit during macro news, but still pretty accurate right? haha {image}
hey trader dale, good thread.

So are these levels a confluence of s/r levels and vpocs from the mp?? how are you picking your levels? Cheers
  • #227
  • Oct 4, 2016 11:00am Oct 4, 2016 11:00am
and one more
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  • #228
  • Oct 4, 2016 11:01am Oct 4, 2016 11:01am
Quoting Trader-Dale
Bonus level for you guys: eur/usd short 1,1169. Today is a trend day so I want to go pullbscks to short now. The closest pullback is this one. The level is based on very high volume at 1.1169 {image}
crazy spike up into SL in less than a min. that's weird. No news ..

Anyone knows why?
  • #229
  • Oct 4, 2016 11:03am Oct 4, 2016 11:03am
Quoting NaughtyPip
{quote} hey trader dale, good thread. So are these levels a confluence of s/r levels and vpocs from the mp?? how are you picking your levels? Cheers
Sometimes yes. Price action and volumes are the main two things I consider when making my levels. i also use orderflow because MP is not always that accurate.
  • #230
  • Oct 4, 2016 11:30am Oct 4, 2016 11:30am
Quoting Trader-Dale
and one more {image}
Hi Dale, this morning I opened my chart and show EUR bearish, so I thought to target the buy level at x.69 and took 25 pips. Here is my question, have you tried to trade the levels from buy level to sell level like, cycles with success?
Looking for profitable short term trades ...|
  • #231
  • Oct 4, 2016 11:55am Oct 4, 2016 11:55am
Quoting Js3mwtRc
{quote} Hi Dale, this morning I opened my chart and show EUR bearish, so I thought to target the buy level at x.69 and took 25 pips. Here is my question, have you tried to trade the levels from buy level to sell level like, cycles with success?
I havent but it Is a very good idea I think
  • #232
  • Oct 4, 2016 11:59am Oct 4, 2016 11:59am
Quoting Js3mwtRc
{quote} Hi Dale, this morning I opened my chart and show EUR bearish, so I thought to target the buy level at x.69 and took 25 pips. Here is my question, have you tried to trade the levels from buy level to sell level like, cycles with success?
I have done it a few times, at major s/r levels. I have taken Daless suggested trade, them closed part of it, moved stop, and let the rest run. It has worked well every time.
Thank you for your work Trader-Dale
  • #233
  • Oct 4, 2016 12:53pm Oct 4, 2016 12:53pm
Quoting Heelfan23
{quote} I have done it a few times, at major s/r levels. I have taken Daless suggested trade, them closed part of it, moved stop, and let the rest run. It has worked well every time. Thank you for your work Trader-Dale
good job! I will look have a look at this.
  • #234
  • Oct 5, 2016 12:49am Oct 5, 2016 12:49am
Quoting Heelfan23
{quote} I have done it a few times, at major s/r levels. I have taken Daless suggested trade, them closed part of it, moved stop, and let the rest run. It has worked well every time. Thank you for your work Trader-Dale
Clever, I used ob/os levels from stochastic and checked, if price came from these levels and didn't found bottom yet.

Quoting Trader-Dale
{quote} I havent but it Is a very good idea I think
O.k. I'll wait for the signals.
Looking for profitable short term trades ...|
  • #235
  • Oct 5, 2016 2:00am Oct 5, 2016 2:00am
Intraday levels for 5.10.2016.
PT 10 pips, SL 12 pips.
Happy trading
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  • #236
  • Oct 5, 2016 2:14am Oct 5, 2016 2:14am
Quoting Trader-Dale
{quote} Sometimes yes. Price action and volumes are the main two things I consider when making my levels. i also use orderflow because MP is not always that accurate.
hi Dale,l know a lot of people here on FF want to keep their trading strategies a secret or dont want to give full information about how they trade but at least can you direct people which volume books to tead or courses to go for,or that is also hidden info as well?????
Watch me trade Live on YouTube
  • #237
  • Oct 5, 2016 2:27am Oct 5, 2016 2:27am
Quoting Trader-Dale
Intraday levels for 5.10.2016. PT 10 pips, SL 12 pips. Happy trading {image} {image}
Thanks....let's wait and watch the results....
You can manage risk, but you can't manage the return
  • #238
  • Oct 5, 2016 2:41am Oct 5, 2016 2:41am
Quoting Trader-Dale
Intraday levels for 5.10.2016. PT 10 pips, SL 12 pips. Happy trading {image} {image}
Thanks!
Good luck!!!
  • #239
  • Oct 5, 2016 2:45am Oct 5, 2016 2:45am
Quoting sunnym
{quote} hi Dale,l know a lot of people here on FF want to keep their trading strategies a secret or dont want to give full information about how they trade but at least can you direct people which volume books to tead or courses to go for,or that is also hidden info as well?????
I have been to many private courses with profi traders and still I made my style and my own strategy myself.
Among the free and accessible sources can be MarketDelta channel from youtube: https://www.youtube.com/channel/UCLdZZPcnxZLB_G7bzG8ZM7A
  • #240
  • Oct 5, 2016 3:23am Oct 5, 2016 3:23am
Hi Trader Dale,

About a year ago spend a few months learning about orderflow and volume profiles. I also installed the ninjatrader platform together with the jigsaw orderflow tool and started to study the behavior of the markets while the orderflow DOM. After a few months i still didn't found an edge in it and i decided to focus myself more on learning to understand the markets thru a macro-economics, news event point of view.

I always kept in the back of my head that the stuff that i learned about orderflow would be of much value when i could place it in the context of what is happening on a macro-news event point of view.
So to see that you are using price action, volume profile and orderflow while also keeping an eye on the risks involved with news events is pretty exciting for me

Can you elaborate a little bit more on which tools you are using to monitor the orderflow and to display the volume profile?
Since you set your levels in the beginning of the EU session i guess you are using the volume profile of the previous day? Which ninja trader indicator do you use for it?
Do you use some orderflow tools to watch price while it is approaching your predefined level?
Do you also use orderflow tools for determining your levels? Do you look for high volume broken bids and offers? Iceberging?

Anything to point me to the wright direction is more then welcome

Best regards,
Nik
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