Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Pinbar trader EA - Trading pinbars off weekly S&R levels 435 replies

Are you a trend trader or a counter-trend trader? 29 replies

RS levels and physic levels are in indicator (created) 3 replies

IkonFX Viking Trader or Pfgbest Viking Trader? 2 replies

Attachments: Trader Dale - daily trading levels
Exit Attachments

Trader Dale - daily trading levels

Quoting Trader-Dale
{quote} Come to think of it you can also create sort of "orderflow" by creating a small market profiles (one profile=m30 candle). {image}
Hi Dale,

Something like this?


Attached Image (click to enlarge)
Click to Enlarge Name: Like This.png Size: 49 KB
Quoting Trader-Dale
{quote} Come to think of it you can also create sort of "orderflow" by creating a small market profiles (one profile=m30 candle). {image}
Once the Happy man : HappyMe
did nice pivot indi that pointed out dense SL levels : [check todays USDJPY SL .. hunt?]
http://www.forexfactory.com/showthread.php?p=9177140#post9177140

I hope hell do it again with above order flow indi

What else can do M30 period market profiles on MT4 ?
Quoting Trader-Dale
Very good guys! You have clearly learned very much! AUD/USD SHORT 0.7293 EUR/USD SHORT 1.0466 (this one is a bit tricky I had to use orderflow to see where the biggest orders were) It is possible that it may turn a bit sooner there. Lets see
Hello. Am I to conservative short eu 1,048 Thanks.
All the best to all of you. But don't follow me. I am a learner.
Quoting Avail
{quote} Hi Dale, Something like this? {image}
Yes! It would be better with more detail though. But still quite usefull isnt it?
Hi Dale,

Can you explain how did you come up with the euro second level just now at 1.0466 while most of the members are getting 1.0459. You mentioned it was a bit tricky with order flow. Care to elaborate on this?

Thanks!
Quoting Trader-Dale
{quote} Come to think of it you can also create sort of "orderflow" by creating a small market profiles (one profile=m30 candle). {image}
That was the greatest tip of this thread Dale, thank you.
Looking for profitable short term trades ...|
Quoting CrocodileRex
Hi Dale, Can you explain how did you come up with the euro second level just now at 1.0466 while most of the members are getting 1.0459. You mentioned it was a bit tricky with order flow. Care to elaborate on this? Thanks!
http://www.forexfactory.com/showthread.php?p=9362891#post9362891
So many in the Commercial section want to make me rich! :o
Is USDCAD Long on 1.33388 valid entry?
Quoting majrou666
UJ missed 117.56 by 1 pip
it took this trade.117.549
Quoting Trader-Dale
I have updated my post number 1 (http://www.forexfactory.com/showthread.php?t=608433) with some basic information. I also added Ziggy's word document and market profile indicators that were posted here. Thanx guys. From now everybody can go through some basic info there. Thanks guys for this idea.
Hi Dale
Not all of us(i think) make use mt4 , some are with Ninjatrader, Ctrader etc
would it be possible to add a line , which indicators/*.exe etc. will have to go into which folders inside the mt4 installation , for people who are not so mt4-ish .
+ some rudimentary touch-up on the indicators, like what each does.
Then the picture on Post # 1 will be quiet complete.
Thanks !
Quoting radaway
{quote} Hi Dale Not all of us(i think) make use mt4 , some are with Ninjatrader, Ctrader etc would it be possible to add a line , which indicators will have to go into which folders in the mt4 installation , for people who are not so mt4-ish . Then the picture on Post # 1 will be quiet complete. Thanks !

File
.... Open Data Folder

File browser will pop up.
Then go to MQL4
And then Indicators directory.
Copy indicator files here.


File
.... Open Data Folder

File browser will pop up.
Then go to Templates dir
Copy .tpl file there

Restart MT4 and it should be fine.

Akif,
Quoting akift
{quote} File .... Open Data Folder File browser will pop up. Then go to MQL4 And then Indicators directory. Copy indicator files here. Restart MT4 and it should be fine. Akif,
you did not mention anything about the template file.
Thats why I was saying, if its all there at one place then its central for everyone(rather than fragmented).
Quoting ziggy
{quote} 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,...
Hey Ziggy,
Can you please expaim this using a chart? Would be much easier for me to grasp the info.
Thanks
KhalidY
Quoting radaway
{quote} you did not mention anything about the template file. Thats why I was saying, if its all there at one place then its central for everyone(rather than fragmented).
I updated my answer and it should be ok now.
I believe Dale is using Ninja so he probably dont know where to put these indicators for MT4.
He just updated the first post because most of the people are using MT4.

Akif,
Quoting ziggy
see you all tomorrow, I have a freakin rat in my loft and need to get something to destroy the little bugger before I have lots of them!!
"I'm gonna fix that rat, that's what I'm gonna do ,Wo, wo, wo, jee O jee, je"

so did the rat outfox you or you hounded it & fixed it ?
Quoting KhalidY
{quote} Hey Ziggy, Can you please expaim this using a chart? Would be much easier for me to grasp the info. Thanks KhalidY
Hi KhalidY

3 charts,

1. pre release range

2, FOMC release gave hints that there will be 3 rate increases in 2017, where market was expecting 2, $ strengthens and a breakout from the range results

3. Having broken out of the range, I want to start a new composite profile which starts from this breakout and continues to run until we get a new ground shifting piece of info.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-12-19_2111.png Size: 247 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-12-19_2116.png Size: 195 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-12-19_2122.png Size: 149 KB


I will now look to see where the high volume areas build up, and can look to trade from the value area highs to lows and back, if that is what it looks as though the big market participants look to be doing, volume & price action will give an indication. Hope the helps Cheers Ziggy
Quoting radaway
{quote} "I'm gonna fix that rat, that's what I'm gonna do ,Wo, wo, wo, jee O jee, je" so did the rat outfox you or you hounded it & fixed it ?
I'll find out in the morning

I really like Dale's attitude. He started the thread humbly by writing some trading points and taught his method gradually throughout the course of the thread slowly but surely. As the demands rushed into the thread for giving more and some people started nagging and asking, he didn't engaged in those complaints as most of thread starters and strategy suppliers do, and just listened and observed. Instead of throwing a hissy fit and ramping and raging over complainers, he calmly gave them what they had requested to some extend but he still kept his methodology and left things to be learned steadily. Sorry, but you're one hell of a teacher.way to go and good luck.


By the way, since your levels are really precise and the points I use for trading is something that you use in terms of accuracy,PA and accurate supports and resistances, I have a suggestion for your tp and sl that I think would be helpful and improve your strategy's r/r. As long as every pair has different volatility, by using this method, you can determine your sl and tp for any currency pair more easily and probably better because as you know a ten-pip movement is nothing for gbp/jpy although it could be sufficient for eur/usd. I use an ATR indicator with the period of 30 in m15 TF. My sl is the amount of ATR in the touched candle and I use twice that number for tp. For example when a candle hits my point and open my position, I look at ATR. Let's say it shows 10. I set 10 pips for sl and 20 for tp.


I looked over your points and positions and with the accuracy of your points I'm pretty sure that it would be a good idea for your strategy too.


Good luck again.

Good work guys "dale",,,,, its about time somebody stepped up and introduced what only can be considered the old pit -- floor style professional methods.
In short ziggy nailed it with his comment in the docs folder. Read it every one you may just understand what this Business is realy about its precise and short to the point.

Its time to drop your indicators of your charts guys and girls and you will progress and succeed. I am not selling anything here nor am i anyway connected with the guys in russia but please take a look at the cluster data when you have grasped the basis of what is going on on the floor from 8-5 UK that is the next step but its not something you wana ram inside ya head yet. >>>>>> search "cluster delta online" you will wana connect to 6E 03 17 data connection eur.

I am not in a position to adivse however 10 years trading and the 1st 6-7 with more indicators then you have had hot dinners on the chart !!!!!! loose them you don't need them. When you can get your head around that you can walk thru the doorway to the 5%.
I took the short UJ 117.56 to 117.32!!!! great call Trader Dale!
0 traders viewing now