Trader Dale - daily trading levels

Quoting Rfs199

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I was sure I cancelled a pending order I had on the EURUSD. Got hammered bad. Guess you live and learn.

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Quoting ziggy

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{quote} change the setting where I've shown below, but before you do so make sure your broker chart itself actually does line up with where you want the profile to run from. If you put 3 in this field it will shift the profile 3 hrs forward, -3 and it goes 3 hrs back, {image}

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Quoting ziggy

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{quote} I have 2 indicators on my chart, attached, and hopefully I've also managed to attach the template. Indicators go in your data folder under MQL4/indicators. Template goes in your data folder, in templates. Once you've added them into the data folder you will most likely have to close down mt4 & restart it. I'd suggest saving what you already have, then loading just 1 pair into your platform, then applying the template "naked". I've attached a screenshot of how mine looks, hope this helps. once you're happy then you can apply the template...

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Quoting ziggy

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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}

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Quoting ziggy

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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}

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Quoting Trader-Dale

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Intraday levels for 15.12.2016 PT 10 pips, SL 12 pips. Today I want to go in pullbacks in the trend. Be carefull of corellation - more than one level can be hit at the same time so it is safer to reduce your positions if this happens. Happy trading {image} {image}

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Quoting max value

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{quote} Hi Ziggy What time does your " start of the day" begin? After US session? 5 pm EST ?

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Quoting lugoffohio

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{quote} @ziggy. Thanks for a great job u guys are doing. can u throw more light on the value area, I really don't understand it.thanks

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Quoting ziggy

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{quote} Think of it in terms of selling a house, the seller wants 500,000 the buyer offers 400,000, the fair value is probably in the range 430,000 to 470,000. The volume on the chart shows where most business is conducted and a range either side of the VPOC offers a fair value trading range. This is the case until some previously unknown information comes to the market, at which point price may make a significant move and a new "value area" is formed in light of the new information. In principle you can assume that the big players will only be...

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Quoting lugoffohio

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{quote} @ziggy. Thanks for a great job u guys are doing. can u throw more light on the value area, I really don't understand it.thanks

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Quoting ziggy

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{quote} Think of it in terms of selling a house, the seller wants 500,000 the buyer offers 400,000, the fair value is probably in the range 430,000 to 470,000. The volume on the chart shows where most business is conducted and a range either side of the VPOC offers a fair value trading range. This is the case until some previously unknown information comes to the market, at which point price may make a significant move and a new "value area" is formed in light of the new information. In principle you can assume that the big players will only be...

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Quoting austineejo

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{quote} Hello Ziggy what indicator do you use for your composite profile. Thanks

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Quoting NaughtyPip

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{quote} I know the market profile I use lets you set it to take in a month, week or days worth of activity and then you can specify the hour you want it to begin at... Is that the same as yours? Or do you want more versatility than that? {image}

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Quoting ziggy

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{quote} Thanks NP, I would want one where I can set the exact start point, which I would set where price breaks out of a range that has been in place over several days, effectively what a composite profile does is say, as from this point we are in new territory and from this point on I want to set a new volume profile that takes into account all that is currently known. Sierra charts ( & many other I guess) is extremely good for custom setting, & I may go back to using them - for my every day bread & butter trading I don't need anything more than...

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