Trader Dale - daily trading levels | Page 147 | 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

  • #2,921
  • Jan 5, 2017 2:01am Jan 5, 2017 2:01am
Quoting lKeithStone
{quote} You have no idea if their basic/fundamental knowledge of VP is enough to make them profitable.
Yes , you do, when someone actually thinks VP & MP can be used interchangeably...

Quoting lKeithStone
{quote} Ahhh here we are with the assumptions again. I've read plenty of books and I've watched plenty of videos on VP. I've put in plenty of effort. Step down off your high horse and provide some value Mr. Knowitall. {quote}
I don't think looking at the pictures in a book, counts as having actually read the book.
Allow me ..........
I believe you have missed reading Steildmayer's book "Steidlmayer on Markets: Trading with Market Profile"

This is where some one will start posting a bunch of Steidlmayer references, that contain the word "volume", claiming that the famous Pete Steildlmayer uses Volume profiles

Think again..if anyone actually took the time to read Steidlmayer's book on MP would realize he has never used a Volume profile.

The "Volume" he refers to in his books is "Volume @ Time" not "Volume at Price"
From his own book.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 181 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Steildelmayer on markets.JPG Size: 150 KB

Attached Image (click to enlarge)
Click to Enlarge Name: pete.JPG Size: 70 KB

From Steildlmayer's own software manual (Capflow) he spells it out in plain English that he does not use a Volume profile (volume at price), he spells out clearly that he uses volume @ time.
Steildmayer's Volume @ time indicator, is plotted on the Horizontal, not the vertical.
Attached Image

Attached Image

Same horizontal volume @ time plot described in his book
Attached Image (click to enlarge)
Click to Enlarge Name: pete s1.JPG Size: 117 KB


MP uses price over time (market generated info)
VP uses volume at price, volume at price is NOT market generated info because it does not contain the element of time.
Markets are not efficient, rather they are effective - Jones
  • #2,922
  • Jan 5, 2017 2:19am Jan 5, 2017 2:19am
Please please please be positive. If the boss doesn't say so much of an issue, let that be an indicator to hold our peace and move on. I like it around here I think you are good at you explanations. Use the attitude of the boss, and this tread can keep on being good. I am just a learner, so I hope not any of you disapear.....thanks.
All the best to all of you. But don't follow me. I am a learner.
  • #2,923
  • Jan 5, 2017 2:20am Jan 5, 2017 2:20am
Quoting shimmering
{quote} ..., not all of the rest of the recent bullshit!
ha ha ha...the Lady speaks her mind
  • #2,924
  • Edited 3:07am Jan 5, 2017 2:29am | Edited 3:07am
Intraday levels for 5.1.2017

I use PT 10 pips, SL 12 pips.
Happy trading
*Basic rules about trading my levels and some mt4 indicators are here:
http://www.forexfactory.com/showthread.php?p=9162014#post9162014

Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: 5.1. print.png Size: 242 KB
  • #2,925
  • Jan 5, 2017 2:41am Jan 5, 2017 2:41am
It really saddens me to see how the actions of a few can turn a happy helpful place into a platform for telling everyone they are a bunch of no hopers. I am the first to admit I know bugger all compared to some, but even a one eyed man can prevent a blind man falling over a cliff, or at least point out where the cliff might be. I just dont understand why the genius group gain so much pleasure by slagging off those who don't have their skills. I most certainly don't have their skills but can still trade profitably. Sometimes it's enough to know enough, and if everyone tried to be helpful rather than looking down on the rest as though we are dogshit the world would be a much better place.
  • #2,926
  • Edited 3:02am Jan 5, 2017 2:43am | Edited 3:02am
Quoting ziggy
It really saddens me to see how the actions of a few can turn a happy helpful place into a platform for telling everyone they are a bunch of no hopers. I am the first to admit I know bugger all compared to some, but even a one eyed man can prevent a blind man falling over a cliff, or at least point out where the cliff might be. I just dont understand why the genius group gain so much pleasure by slagging off those who don't have their skills. I most certainly don't have their skills but can still trade profitably. Sometimes it's enough to know enough,...
...........

on a side note : why dont all these Gurus & Pundits start their own threads, and leave the Less-fortunate souls here to their own devices.
surely they will gain immense popularity with their own threads , rather than hogging-up limelight on someone else's credibility.
Queer
  • #2,927
  • Jan 5, 2017 2:48am Jan 5, 2017 2:48am
Quoting HemDir
{quote} Hi Dale, what do you mean by "wider short zone"? Thanks in advance.
It means that there is for example 5 pip range for good short. I chose the best place where I think the market will turn but actually the market can react in a wider zone.
  • #2,928
  • Jan 5, 2017 3:05am Jan 5, 2017 3:05am
I hope some of you guys traded asian session. There was a nice +10 pips profit
Attached Image (click to enlarge)
Click to Enlarge Name: 5.1. aud profit asian session.png Size: 45 KB
  • #2,929
  • Jan 5, 2017 3:16am Jan 5, 2017 3:16am
Quoting ruma29
{quote} Nothing of what you said: no smart ass, no jabs, nothing. It is reality, fear of discontinuation is huge..."traders" are not better traders if they ignore me....they are still heavy dependent on signal service...still have problem with trading...etc Go to any coffee shop or bar and ask unknown person to buy you coffee. What would that person tell you? ..and next day? I am not signal-service user, not dependent on anyone, have no fear....
Ruma, your problem is that you ascribe too much importance to yourself.
There is nothing wrong for people to depend on signal service(since you call it so) until they are mature enough to stand on their own. Some people here are new and need someone with a good heart to hold their hand.
Rather than spread your negative vibes and energy concentrate your efforts and on making pips if you are profitable on your own which i seriously doubt.
Allow does who are eager to learn one or two things from Dale to concentrate and do the needful.
People like you end up in old peoples home with no care!
  • #2,930
  • Jan 5, 2017 3:17am Jan 5, 2017 3:17am
Quoting Trader-Dale
Intraday levels for 5.1.2017 I use PT 10 pips, SL 12 pips. Happy trading *Basic rules about trading my levels and some mt4 indicators are here: http://www.forexfactory.com/showthread.php?p=9162014#post9162014 {image} {image}
Sorry Dale! On long 2 of AUDUSD and EURUSD, I think it should be 0.7296 and 1.0473( Based on your images). Please correct me if I am wrong.
  • #2,931
  • Jan 5, 2017 3:26am Jan 5, 2017 3:26am
Quoting austineejo
{quote} People like you end up in old peoples home with no care!
lol. Thank you Dale once again for your continued effort to help others. Appreciate it tremendously thanks to ziggy and others as well who have shared their insight/knowledge.
  • #2,932
  • Jan 5, 2017 3:27am Jan 5, 2017 3:27am
Any experienced traders acknowledge there will be bugs on the windshields, the key is not too focus on the bugs but the direction you are heading and that is success. Keep in mind nay slayers will always be around a good thing that is human nature (part of man's self-destructive nature). Just am appreciative of Trader Dale continuous efforts to post his levels free of charge in light of the negativity that goes on in this thread.
  • #2,933
  • Jan 5, 2017 3:27am Jan 5, 2017 3:27am
hi dale. does the service PMI news on GBP affect any of the trades
  • #2,934
  • Jan 5, 2017 3:30am Jan 5, 2017 3:30am
Quoting Ash777
{quote} lol. Thank you Dale once again for your continued effort to help others. Appreciate it tremendously thanks to ziggy and others as well who have shared their insight/knowledge.
fully agree!
  • #2,935
  • Jan 5, 2017 3:30am Jan 5, 2017 3:30am
Quoting XxixixX
Any experienced traders acknowledge there will be bugs on the windshields, the key is not too focus on the bugs but the direction you are heading and that is success. Keep in mind nay slayers will always be around a good thing that is human nature (part of man's self-destructive nature). Just am appreciative of Trader Dale continuous efforts to post his levels free of charge in light of the negativity that goes on in this thread.
again - fully agree!
  • #2,936
  • Jan 5, 2017 3:37am Jan 5, 2017 3:37am
Quoting marindosidah
hi dale. does the service PMI news on GBP affect any of the trades
It doesn't
  • #2,937
  • Jan 5, 2017 3:38am Jan 5, 2017 3:38am
AUDUSD turned 1 pip early

And now +9 without us.
I am dumping this one.
bad luck

Akif,
  • #2,938
  • Jan 5, 2017 3:40am Jan 5, 2017 3:40am
I think the Aud/Usd trade is not valid anymore?
  • #2,939
  • Jan 5, 2017 3:42am Jan 5, 2017 3:42am
Quoting Nicolaas82
I think the Aud/Usd trade is not valid anymore?
Aud Usd is invalid for me now. Moved 2.2 pips early and went to target
  • #2,940
  • Jan 5, 2017 3:44am Jan 5, 2017 3:44am
Hi Dale
First of all thanks for the levels you are posting and I am also a benefactor from that though I joined only a week back.
Now, Just want to know if the AUDUSD first long level is still valid?
8 traders viewing now