Trader Dale - daily trading levels | Page 133 | Forex Factory

Options

Go to
Permalinks
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

  • #2,641
  • Edited 1:31pm Dec 30, 2016 1:21pm | Edited 1:31pm
Quoting mindspeculat
@ruma29 TraderDale updated his #1 post with some rules to find his levels because of peer pressure, specifically TooSlow. I agree with TraderDale for keeping the system private. He had no choice but to repeat some general market profile/price action theory to make the crowd happy. The crowd is happy but TraderDale doesn't use volume profile or order flow to find his levels as described in the Ziggy's guide or anywhere in this thread. ....
I thought I am done at ff for this year but... That is already said : he has no obligation to disclose anything and he is not using indicators from #1. On his charts
(tradingview.com is volume profile) and once he posted ninja order-flow...what he is using for trading is not of my interest anymore by any means.

I was participating in this thread only because his levels were sniper precision and that was impressive to me. Regardless of anyone's system or indicator if doesn't fit in my understanding of market and how I trade I do not use. I never ever used Trader-Dale's suggested levels for trading...I had them from time to time on my charts only to compare with my supply/demand system. Nothing else.

This should be inspirational to everyone:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 52 KB
  • #2,642
  • Dec 30, 2016 1:28pm Dec 30, 2016 1:28pm
If it gets there... strong EU level for next week - 1.04580. Weekly and daily POC at this level.
Attached Image (click to enlarge)
Click to Enlarge Name: 1111.png Size: 219 KB
  • #2,643
  • Dec 30, 2016 2:39pm Dec 30, 2016 2:39pm
Quoting ruma29
{quote} I thought I am done at ff for this year but... That is already said : he has no obligation to disclose anything and he is not using indicators from #1. On his charts (tradingview.com is volume profile) and once he posted ninja order-flow...what he is using for trading is not of my interest anymore by any means. I was participating in this thread only because his levels were sniper precision and that was impressive to me. Regardless of anyone's system or indicator if doesn't fit in my understanding of market and how I trade I do not use....
U r funny&must be Russian [ sorry , just kiddin]

All we here are trying to get pips.
There are sniper precision price levels presented here with daily clock precision.
Why not to use it ?


I have a job and no time
for mumbo jumbo about knowledge,fish&fishing or anything like that.
Moreover i have written some ea that keeps levels fired during Euro sesson when im AFK.


Why u cannot use both yours and presented here?
For example I do calculate USDCHF levels for myself
and it takes time and
effort to finally agree on given level if it is not obvious.

I do it just to gain confidence since I use reduced risk to trade it.

One thing I know is importand and u [this thread ppl] re not talking about, that is : market sentiment.
Try reading : "Daemon Goldsmith - Order Flow Trading for Fun and Profit"
This a guy starts and ends with this sentiment.
  • #2,644
  • Dec 30, 2016 4:54pm Dec 30, 2016 4:54pm
Quoting januszo
....
Thank you for giving me your time. I did not say anything that is not true what is going in this thread...what Trader -Dale is doing certainly is nothing especial for those in the know...for rest of us who are gathering in this thread for various reason like sniper precision in advance which is impressive ( my reason)...I have my way of trading, how i understand market and there is no way that I change it except to compliment with something that fit into my way of trading...If doesn't i put it in trash. What Trader -Dale is doing I do not understand and certainly I do not want to play "seek and find game"...I already spent all my "wonder time" for this thread and if I post something is to kill time only meaning have no interest in trader-dale's way of trading...

Chart I posted in my previous post (http://www.forexfactory.com/showthread.php?p=9392578#post9392578) got all my respect...similar trades are always my goal.

I wish you and all others unlimited success in 2017.
  • #2,645
  • Dec 30, 2016 7:51pm Dec 30, 2016 7:51pm
Quoting mindspeculat
@ruma29 TraderDale updated his #1 post with some rules to find his levels because of peer pressure, specifically TooSlow. I agree with TraderDale for keeping the system private. He had no choice but to repeat some general market profile/price action theory to make the crowd happy. The crowd is happy but TraderDale doesn't use volume profile or order flow to find his levels as described in the Ziggy's guide or anywhere in this thread. @XxixixX I have studied your levels. They were created as described by TraderDale...
A simple request.
Blown out of proportion.
No hard feelings.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,646
  • Dec 31, 2016 12:22am Dec 31, 2016 12:22am
Quoting lKeithStone
Well it looks like @mindspeculat has cracked the code. All of this stuff is useless guys. TraderDale uses voodoo to find his levels. Most if not all of the professional traders I know use some form of volume profile/footprint to find areas of interest. It's the most logical way to trade. I had someone PM me asking what software I'm using. I use Sierra Chart which is the best IMO. Volume Profile and Footprint comes pre-installed unlike many other platforms. There is a learning curve, but their pricing is incredible for what you get. Below are...
Where do you get the Vwap indicator?
  • #2,647
  • Dec 31, 2016 7:54am Dec 31, 2016 7:54am
Quoting lKeithStone
Well it looks like @mindspeculat has cracked the code. All of this stuff is useless guys. TraderDale uses voodoo to find his levels. Most if not all of the professional traders I know use some form of volume profile/footprint to find areas of interest. It's the most logical way to trade. I had someone PM me asking what software I'm using. I use Sierra Chart which is the best IMO. Volume Profile and Footprint comes pre-installed unlike many other platforms. There is a learning curve, but their pricing is incredible for what you get. Below are...
Excellent, great information, thank you for sharing
Every dog has his day
  • #2,648
  • Edited 5:21pm Dec 31, 2016 9:29am | Edited 5:21pm
@ Where do you get the Vwap indicator?

You should at least read post one- Maybe more -
Live today like theres no tomorrow-- Prioritize like you will die today
  • #2,649
  • Dec 31, 2016 10:02am Dec 31, 2016 10:02am
Attached Image
Success is a Journey Not a Destination....... kind regards ramzam
  • #2,650
  • Edited 4:42pm Dec 31, 2016 4:32pm | Edited 4:42pm
Quoting mindspeculat
@ruma29 TraderDale updated his #1 post with some rules to find his levels because of peer pressure, specifically TooSlow. I agree with TraderDale for keeping the system private. He had no choice but to repeat some general market profile/price action theory to make the crowd happy. The crowd is happy but TraderDale doesn't use volume profile or order flow to find his levels as described in the Ziggy's guide or anywhere in this thread. @XxixixX I have studied your levels. They were created as described by TraderDale in this thread. I have tested the...
Your system may have used hard data points for your results, however i have had much better results. That is the problem with back testing it is based on a set of rules regardless of sentiment in the market place at the time of the trade. 2+2 = 4 would be logical however some days 2+2 = 3 or it maybe 2+0 = 4, does it make sense? NO, however that is how the market behaves and most systems cannot factor in this aspect.

We will disagree in the results however to be fair, let the trader decided for themselves with due diligence and not have someone make a blanket statement just because it does not work for them.
  • #2,651
  • Edited 5:03pm Dec 31, 2016 4:52pm | Edited 5:03pm
Quoting TooSlow
{quote} A simple request. Blown out of proportion. No hard feelings. Cheers!
Avery Horton (a.k.a. TooSlow & Therumpledone),

Lets be clear, your request was more of a demand. Maybe you have forgotten how you got banned from FF in the past (similar antics) . Keep it up, it can happen again.
  • #2,652
  • Dec 31, 2016 6:28pm Dec 31, 2016 6:28pm
Quoting mindspeculat
Dear readers....I have bad news for you. First of all I appreciate and thank TraderDale for this thread. He has a good system but there is a catch. I have reviewed all of the TraderDale's trades since September and the conclusion is clear: TraderDale does not use the system he describes on this thread. He finds his levels in a different way. He is smart and he protects his system and I understand him. So if you try to emulate his system with his rules you'll waste your time. Yes, his levels are good but everything else is smoke and mirrors. I am...
Actually in my opinion, he has given most of the pieces of the puzzle to find his levels. If you have looked at his levels, you can with a little practice find the same levels on your own. Smoke and mirrors, not sure about all that. Lets take a look at the 12/21 levels he published and see what we can come up with.

First chart is the EURUSD...Dale published the following 2 buy levels: long 1 @ 1.0393 and the second buy @ 1.0358
1st sell level @ 1.0441...Once again right on the point of the MP and at the top of a significant supply bar.....not that hard to find

The second chart is the AUDUSD....I show the 1st buy level and the 1st sell level.....both at completely logical levels.


I would like to add this one last thing......The most important lesson one can learn from Dale and how he looks at the market IMHO is how the market rolls from one VA and POC to another.....Very little time is spent in a vertical market before it starts to form another VA. This is just the nature of markets and the sooner one can wrap their head around this fact the better off they will be. It is also valuable to know where the MP stand one timeframe larger than you are trading. This will help you to discern whether you are within the confines of a larger VA as you probe the VAH and VAL and whether a breakout is realistic or are you just wandering between the VA extremes and the POC.

Just my .02

Many Pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 42 KB
Click to Enlarge Name: AUDUSDM30.png Size: 45 KB
Plan, Prepare, Execute, Repeat
  • #2,653
  • Dec 31, 2016 11:05pm Dec 31, 2016 11:05pm
Quoting iamsovereign
@ Where do you get the Vwap indicator? You should at least read post one- Maybe more -
That question was meant for IKeithStone, not you.
  • #2,654
  • Dec 31, 2016 11:32pm Dec 31, 2016 11:32pm
Quoting XxixixX
{quote} Avery Horton (a.k.a. TooSlow & Therumpledone), Lets be clear, your request was more of a demand. Maybe you have forgotten how you got banned from FF in the past (similar antics) . Keep it up, it can happen again.
Very interesting ..
  • #2,655
  • Jan 1, 2017 3:34am Jan 1, 2017 3:34am
Does anyone know of an EA to help quickly put in entry orders - ie. buy limits, and stops, etc?
  • #2,656
  • Jan 1, 2017 3:42am Jan 1, 2017 3:42am
Quoting swingtrade65
{quote} ...
That's correct. It's one of the hypothesis I tested, using previous high volume areas. Another hypothesis is the one described by XxixixX, where you choose previous beginnings of strong moves. They both give you the illusion of a good system. Sometimes it does work but over longer periods of time it does not beat a coin flip.
A random system with 10/12 pips has a risk reward of 0.83 with a probability of 55% of winning and that's the result I got with a slight improvement in ranging markets.

I know your charts look very convincing. It looks very logical and it looks so easy. I thought that too until I tested it objectively.
I like TraderDale and I don't want to say things against him but he doesn't use above systems to find his levels.
If XxixixX is right and he uses the system in a discretionary way, that's amazing but I don't believe it.

Happy New Year and many green pips!
  • #2,657
  • Jan 1, 2017 7:23am Jan 1, 2017 7:23am
Quoting mindspeculat
{quote} That's correct. It's one of the hypothesis I tested, using previous high volume areas. Another hypothesis is the one described by XxixixX, where you choose previous beginnings of strong moves. They both give you the illusion of a good system. Sometimes it does work but over longer periods of time it does not beat a coin flip. A random system with 10/12 pips has a risk reward of 0.83 with a probability of 55% of winning and that's the result I got with a slight improvement in ranging markets. I know your charts look very convincing. It looks...
Not worth arguing and going back and forth. At this point we will have to agree to disagree. I wish you the best of luck in your future endeavors.
  • #2,658
  • Jan 1, 2017 7:45am Jan 1, 2017 7:45am
2017 is here...Cannot believe that people still arguing about stupid levels some individual posting...
  • #2,659
  • Jan 1, 2017 8:00am Jan 1, 2017 8:00am
Quoting swingtrade65
{quote} Actually in my opinion, he has given most of the pieces of the puzzle to find his levels. If you have looked at his levels, you can with a little practice find the same levels on your own. Smoke and mirrors, not sure about all that. Lets take a look at the 12/21 levels he published and see what we can come up with. First chart is the EURUSD...Dale published the following 2 buy levels: long 1 @ 1.0393 and the second buy @ 1.0358 1st sell level @ 1.0441...Once again right on the point of the MP and at the top of a significant supply bar.....not...
Hi swingtrade65
on the eur/usd snap, can you please post the same snap but with this, this time :'timeframe when levels were issued'
This would make the 'picture' really complete. Thanks if you could .
  • #2,660
  • Edited 10:41am Jan 1, 2017 10:07am | Edited 10:41am
Quoting KhalidY
{quote} That question was meant for IKeithStone, not you.
I don't care who it was for-- This is a public forum-- answerer is the same.... work a little at it (A)
Live today like theres no tomorrow-- Prioritize like you will die today
7 traders viewing now