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Trader Dale - daily trading levels

  • #1,841
  • Dec 14, 2016 5:07am Dec 14, 2016 5:07am
Quoting Lookleft
{quote} If you read the thread and understand what levels are, you will have your answer. All the answers to questions being asked have been answered by Dale many times.
Yees but..
if level is tested on Asian is it safe to use in on Eur session?
  • #1,842
  • Dec 14, 2016 5:14am Dec 14, 2016 5:14am
Quoting januszo
{quote} Yees but.. if level is tested on Asian is it safe to use in on Eur session?
nope
  • #1,843
  • Dec 14, 2016 5:16am Dec 14, 2016 5:16am
Quoting ziggy
{quote} the indicator was posted by michisuperfr on post 1241, there are several volume profile indicators for MT4, but I do particularly like this one. The volume profile is the one indicator that I know of which always shows you exactly the same information on every time frame. Now if anyone has an mt4 volume profile indicator where you can set your own start point that would be a real tool to have, particularly when rangebound as you can get to see the full picture and even trade from the range value area high back to the VALow, the full rotation...
hello ziggy, this template is abit messy.

is there a neatier 1 around?

Thanks!
  • #1,844
  • Dec 14, 2016 5:28am Dec 14, 2016 5:28am
Hi guys, are you trading levels today during the macro news?
  • #1,845
  • Dec 14, 2016 5:29am Dec 14, 2016 5:29am
Quoting januszo
{quote} Yees but.. if level is tested on Asian is it safe to use in on Eur session?
As Dale said in post #1717
"I trade every level only once."
Never argue with a fool; onlookers may not be able to tell the difference.
  • #1,846
  • Dec 14, 2016 5:32am Dec 14, 2016 5:32am
Hi guys. The EUR/USD level I posted was already tested in the asian session. Sometimes I post the levels earlier - they are valid from the moment I post them.
Here is the reaction. Is there anybody who took the trade?
Attached Image (click to enlarge)
Click to Enlarge Name: 14.12. profit eur.png Size: 52 KB
  • #1,847
  • Dec 14, 2016 5:40am Dec 14, 2016 5:40am
Just missed the EU trade by the time i had a look at your post Dale

Are the trades posted last still valid Dale?

Zz
  • #1,848
  • Dec 14, 2016 5:41am Dec 14, 2016 5:41am
Quoting Rfs199
{quote} TP on EUR/USD. The reaction was super quick. By the way Dale, how did you calculate the level at 1.0638 on the EUR/USD?
price action+volume only
  • #1,849
  • Dec 14, 2016 5:42am Dec 14, 2016 5:42am
Quoting hishamzz
Just missed the EU trade by the time i had a look at your post Dale Are the trades posted last still valid Dale? Zz
All levels that I posted for 14.12.2016 are still valid until they are hit. Eur/usd was hit in asian session so it is valid no more.
  • #1,850
  • Dec 14, 2016 5:43am Dec 14, 2016 5:43am
Thanks Dale, I got it! Great reaction on the level! I got positive slippage in addition
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 43 KB
  • #1,851
  • Dec 14, 2016 5:45am Dec 14, 2016 5:45am
Quoting m.miso
Hi guys, are you trading levels today during the macro news?
never trade during macro news. Be especially carefull today because of FOMC.
  • #1,852
  • Dec 14, 2016 5:54am Dec 14, 2016 5:54am
Quoting Trader-Dale
Hi guys. The EUR/USD level I posted was already tested in the asian session. Sometimes I post the levels earlier - they are valid from the moment I post them. Here is the reaction. Is there anybody who took the trade? {image}
Hi ,,,,,
I'v been reading this thread for a few days now! thanks for sharing your wisdom!
Do you use the same levels for longer term trades? and is the criteria the same? (12 pip SL 10 pip PT)
BTW I just happened to be on this thread and took the EU trade!
thanks again!!
  • #1,853
  • Dec 14, 2016 6:08am Dec 14, 2016 6:08am
Quoting firsttimer
{quote} hello ziggy, this template is abit messy. is there a neatier 1 around? Thanks!
I don't find that indi messy, it tells me what I need to know. It is the only volume prifile indicator I have but I do know others have been posted on this thread, and in another thread about market order flow (don't know what it's called) you may find one that suits your needs by searching in these places. Cheers Ziggy
  • #1,854
  • Dec 14, 2016 6:13am Dec 14, 2016 6:13am
I've had a couple of private messages which resulted in me knocking up a word document, I hope that anyone new to this game or this way of trading might find it useful. I have to point out that not an expert but that I do have a reasonable understanding of how things fit together. I'm sure there will be many traders on here with a better understanding than I have, but this doc I think will help anyone who wants to try to help themselves.

Cheers Ziggy

Attached File(s)
File Type: docx Trading Understanding.docx   393 KB | 718 downloads
  • #1,855
  • Dec 14, 2016 6:15am Dec 14, 2016 6:15am
[quote=starpro;9345361]TraderDale , really appreciate the early signals ,helps Aussie traders at day beginning ,, EU hit already , missed , was watching market open .. Thank You[/quote
  • #1,856
  • Dec 14, 2016 7:19am Dec 14, 2016 7:19am
Quoting ziggy
I've had a couple of private messages which resulted in me knocking up a word document, I hope that anyone new to this game or this way of trading might find it useful. I have to point out that not an expert but that I do have a reasonable understanding of how things fit together. I'm sure there will be many traders on here with a better understanding than I have, but this doc I think will help anyone who wants to try to help themselves. Cheers Ziggy {file}
WOW,,,interesting,,,,it must take time getting use to,,,I see dale's level on the 3 day chart wasn't at the highest volume level...he must use other factors in his levels

ALL in ALL,
Great explanation! and well written
  • #1,857
  • Dec 14, 2016 7:33am Dec 14, 2016 7:33am
Quoting Trader-Dale
Intraday levels for 14.12.2016 PT 10 pips, SL 12 pips. Happy trading {image} {image}
Dale, I hope you continue putting up these levels. I will be on holidays for tbe next 5 weeks and will be better able to put on the trades every day.
  • #1,858
  • Dec 14, 2016 7:44am Dec 14, 2016 7:44am
Quoting ziggy
I've had a couple of private messages which resulted in me knocking up a word document, I hope that anyone new to this game or this way of trading might find it useful. I have to point out that not an expert but that I do have a reasonable understanding of how things fit together. I'm sure there will be many traders on here with a better understanding than I have, but this doc I think will help anyone who wants to try to help themselves. Cheers Ziggy {file}
Great introduction Ziggy. The timeframe non-sensitiveness values, VPOC introduction, the vacuum (liquidity gap), the "stretched profile" (composite profile (see attached image)) are good talk. If I can add my 2 cents, I would not care much about value area. Also, one may notice that a low volume zone of a previous day may be filled with high volume on a current day. Not always the case.

Keep up the good work and efforts.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 68 KB
  • #1,859
  • Dec 14, 2016 7:45am Dec 14, 2016 7:45am
Quoting ziggy
I've had a couple of private messages which resulted in me knocking up a word document, I hope that anyone new to this game or this way of trading might find it useful. I have to point out that not an expert but that I do have a reasonable understanding of how things fit together. I'm sure there will be many traders on here with a better understanding than I have, but this doc I think will help anyone who wants to try to help themselves. Cheers Ziggy {file}
hello ziggy,

very informative. thanks once again.
  • #1,860
  • Dec 14, 2016 7:56am Dec 14, 2016 7:56am
Quoting ziggy
{quote} I don't find that indi messy, it tells me what I need to know. It is the only volume prifile indicator I have but I do know others have been posted on this thread, and in another thread about market order flow (don't know what it's called) you may find one that suits your needs by searching in these places. Cheers Ziggy
hello ziggy,

when i open the template, mine is slightly messier.

i believe we have different indicator settings. can u share yours?

thanks once again.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 196 KB
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