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Trader Dale - daily trading levels

  • #1,921
  • Dec 16, 2016 2:18am Dec 16, 2016 2:18am
THanks Dale! Goodl luck!
  • #1,922
  • Dec 16, 2016 2:19am Dec 16, 2016 2:19am
Thank you so much Dale as always

David
  • #1,923
  • Dec 16, 2016 2:32am Dec 16, 2016 2:32am
Quoting lKeithStone
Great work Dale. I use a similar strategy to find levels using Futures data. For those of you who don't want to pay for Futures data - I would like to share some TPO/VWAP indicators I found on Forex Factory some time ago. They of course aren't as accurate as using Futures data, but are pretty close. I used them for quite a while (with success) before investing in Futures data. Keep up the great work Dale. It's nice to see someone actually spreading good knowledge on FF. {image} {file} {file} {file} {file}
Thank you very much! I didn't even know there were vwap indicators avilable for free! Thats great! I recommend that you guys try it!
  • #1,924
  • Dec 16, 2016 3:30am Dec 16, 2016 3:30am
Quoting Trader-Dale
{quote} Thank you very much! I didn't even know there were vwap indicators avilable for free! Thats great! I recommend that you guys try it!
What's the meaning in your volume bars the bars (green/pink) and the bars (violet/blue) Bullish/bearish bars?
  • #1,925
  • Dec 16, 2016 3:40am Dec 16, 2016 3:40am
@ziggy, can u calculate the value area using previous day's data? If yes, is there a formula for it.i use An iPad for trading and I can't seem to download yr templates, I was wondering if there a way to manually determine the value area.thankd and anticipating yr response.
  • #1,926
  • Dec 16, 2016 4:32am Dec 16, 2016 4:32am
Quoting lugoffohio
@ziggy, can u calculate the value area using previous day's data? If yes, is there a formula for it.i use An iPad for trading and I can't seem to download yr templates, I was wondering if there a way to manually determine the value area.thankd and anticipating yr response.
Somebody here will know the definitive answer to that, and google would most likely help. I THINK its derived from being 1 standard deviation away from the VPOC location, but that's from memory a long way back - I just allow those clever people that programme do the work, & I reap the benefit
  • #1,927
  • Dec 16, 2016 4:37am Dec 16, 2016 4:37am
Hi Dale,

Thanks for the levels. I still get some differences but I guess they are close enough until I expand my knowledge.
I have the following differences today

3 pips higher on Eur/Usd -Short 1(Nice level)
2 pips higher on Aud/Usd -Short 1
may as well be a billion pips out on Usd/Cad (not even in the ball park)
2.5 pips higher on Usd/Jpy

I can see the Usd/Cad level acted as a good S/R and your level is at a good node before the move up but then I'm lost.

If you have anything on Usd/ Cad to show what you see and point me in the right direction that would be great, if not its no prob.

On a different note I traded the POC on Usd/Cad at 1.3412, when I had a look I could see the POC was fresh and their was a good possibility of unfiled orders
per the lower time frame.
Would you have considered this level or left it as the PA and profile is 11 trading days old?
  • #1,928
  • Dec 16, 2016 4:49am Dec 16, 2016 4:49am
Quoting lKeithStone
Great work Dale. I use a similar strategy to find levels using Futures data. For those of you who don't want to pay for Futures data - I would like to share some TPO/VWAP indicators I found on Forex Factory some time ago. They of course aren't as accurate as using Futures data, but are pretty close. I used them for quite a while (with success) before investing in Futures data. Keep up the great work Dale. It's nice to see someone actually spreading good knowledge on FF. {image} {file} {file} {file} {file}
Thanks for that, I now have the composite profile I was looking for
  • #1,929
  • Dec 16, 2016 4:51am Dec 16, 2016 4:51am
Quoting ziggy
{quote} Thanks Dale, as always very much appreciated - very best of luck
nice ill check it out also..
  • #1,930
  • Dec 16, 2016 5:11am Dec 16, 2016 5:11am
Hi All , the eur/usd(short 1) just about touched the zone around 40-50 min ago & turned back .
is it still worthwhile to go with it ?
  • #1,931
  • Dec 16, 2016 5:24am Dec 16, 2016 5:24am
Quoting radaway
Hi All , the eur/usd(short 1) just about touched the zone around 40-50 min ago & turned back . is it still worthwhile to go with it ?
Mine was 10 pips away. I'd still take it.
So many in the Commercial section want to make me rich! :o
  • #1,932
  • Dec 16, 2016 5:24am Dec 16, 2016 5:24am
Quoting radaway
Hi All , the eur/usd(short 1) just about touched the zone around 40-50 min ago & turned back . is it still worthwhile to go with it ?
I'd say that the volume around the entry level hasn't yet been tested, so I'm still prepared to trade it
  • #1,933
  • Dec 16, 2016 5:31am Dec 16, 2016 5:31am
Quoting ziggy
{quote} Thanks for that, I now have the composite profile I was looking for
Ziggy, how do you use this composite in conjunction with the daily profile?
  • #1,934
  • Edited 6:44am Dec 16, 2016 5:34am | Edited 6:44am
Quoting FX-Flux
{quote} Mine was 10 pips away. I'd still take it.
I am taking the -12 <--> +10 as the zone (range) definition here.
Hope my interpretation of the zone is correct , I am not talking about when the price hits the target. That was indeed around 10 pips to go.
  • #1,935
  • Dec 16, 2016 5:36am Dec 16, 2016 5:36am
Quoting FX-Flux
{quote} Mine was 10 pips away. I'd still take it.
same 10 pips away too.
  • #1,936
  • Dec 16, 2016 5:42am Dec 16, 2016 5:42am
Quoting radaway
Hi All , the eur/usd(short 1) just about touched the zone around 40-50 min ago & turned back . is it still worthwhile to go with it ?
Hi Radaway,

Still valid for me. It's good to see tricks being played on the way to these levels.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR USD TG.png Size: 60 KB
  • #1,937
  • Dec 16, 2016 5:43am Dec 16, 2016 5:43am
Quoting austineejo
{quote} Ziggy, how do you use this composite in conjunction with the daily profile?
I'm really not an expert, I'm sure / hope an expert will give you some proper guidance. I personally want to see a composite profile that covers all the priceaction within a range developed from "new information". So for me I consider the probable 3 rather than 2 US rate increases next year as "new" information, so I set the start of my composite profile where price broke out of the previous range on the release of that news. It will just help me build up a picture over the coming days.

I've no doubt others use it to much greater effect, particularly when it has further developed, looking to trade from top to bottom & bottom to top, I generally prefer my trades to be over and done with in a short space of time, although I have to admit to having a long term short trade open on cable from a lot further up the page than we are now
  • #1,938
  • Dec 16, 2016 6:13am Dec 16, 2016 6:13am
Did anyone get these on eu and au (not on dales list - they are from todays profile)... I missed both entries by half a pip...

Attached Image (click to enlarge)
Click to Enlarge Name: 87890f00e34147bca6a8fe31b0ad08d4.png Size: 52 KB
  • #1,939
  • Dec 16, 2016 6:20am Dec 16, 2016 6:20am
Quoting NaughtyPip
Did anyone get these on eu and au (not on dales list - they are from todays profile)... I missed both entries by half a pip... {image}
not me, I am only trading Dales levels on these pairs - that is a real bummer when it happens tho, I have 2 cats who would now be running for cover
  • #1,940
  • Dec 16, 2016 6:24am Dec 16, 2016 6:24am
is anyone else having mt4 issues today, I have 3 different broker screens and I've had freeze problems on all 3 today, not caused by either internet issues at my end or indicators, coz taking everything off made no difference
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