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Attachments: Trader Dale - daily trading levels
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Trader Dale - daily trading levels

my 2 cents :

UC Daily - could not make new low today and was heavily pushed up.
Slowly market sentiment will shift up - long trade @1.3202 at EU session will be fine .

Actually all im saying is that today arount 18.25 GMT2 there was a stophunt on UC,
Big boys took long position so long positions will become safer here.
Hi Januszo,
You are most probably right.
But i still think those 2 huge red Wide Range Bars on 30 min chart (probable stop hunt as you point out) have enough fuel for a 10 pip reaction down.
Akif,
Quoting tarik113
Hello all please I want to know from where you all get the provided data and is it free or paid ? The question is directed firstly to mister Dale and I don't mind the answers of others of course
Greetings tarik113,
We get a great many visitors to this thread and there is a very good reason. This is a little different perspective on trading the forex markets.
You will need to go back to Post# 1. There you will find two .docx files available to download (recommended); those will answer most of your questions. re-read them often.
Some of the "provided data" you where wondering about one can get for free but Trader-Dale, and others dropping by, work also from Currency Futures Volume, not simply Forex tick volume data.
That information can be obtained for yourself it seems for about $90 US per month from third parties. That's about the least expensive price I've seen on here. (But, I haven't read all the posts yet. Do that too)
I've only been concentrating on this way of trading for a couple of months; and I'm only trading it on a Demo account until I discover my own proofs and techniques. This is very important because you may have to discard a great many misconceptions. Perhaps not completely but they can get in the way. I'm talking about Technical Indicators.
Please remember this; P.P.I.N.I.O.F.R. "past performance is not indicative of future results" , not your performance or anybody elses. You must study very hard at trading currencies and don't get your wishes beyond your own proved and tested skills; but also, don't allow yourself to get too discouraged either. Get the basics of trading, if you do not already have them down. Pay attention to Dale and Ziggy's posts and a few wonderfully regular helpful others who post. Ignore naysayers completely; they'll just exhaust you. Most of the time I just pay attention to the thread and figure out how each puzzle part fits together for me. That's the best advice I've got.
Welcome Again
For those of you interested. This is the difference in profiles using Futures Data vs Forex Tick Data.
Forex on the left... Futures on the right.

Although the differences look minor, they can be major when accuracy is the name of the game. This is why Trader Dale can use 12 pip stops.

Notice the POC at the top.

Attached Image (click to enlarge)
Click to Enlarge Name: forexvsfutures.png Size: 247 KB
dale u are a magician thanks.
trying to learn from the master i will be predicting levels b4 dale
eurusd
long 1.05640 1.05349
audusd
long 0.7345 0.7319
usdjpy
short 116.13 116.70
usdcad
short 1.3258

again dale i cant thank u enuf
Quoting lKeithStone
For those of you interested. This is the difference in profiles using Futures Data vs Forex Tick Data. Forex on the left... Futures on the right. Although the differences look minor, they can be major when accuracy is the name of the game. This is why Trader Dale can use 12 pip stops. Notice the POC at the top. {image}
what indicators do u use?
Quoting marindosidah
{quote} what indicators do u use?
Keith is most likely asleep give his location. As I understand Keith is using sierra charts and the "indicator" is a tick volume profile which is built into the sierra package. What he is showing is that whilst the futures & spot market are very similar, there are some small differences, and in the trading world a small difference can be the difference between profit or loss. In particular he is kindly pointing out that the most significant location on the chart, the point of control, is slightly different. This is why futures traders can have extremely accurate trading locations, because every piece of information come from one market source and is visible. This is not so for spot forex, there is no one central market. Retail traders nearly always trade spot, it's very accessable and you can trade (in the UK) at "x" per pip rather than contract multiples. You cannot phone a futures broker and ask him to buy 1.63 contracts, it's either 1 or 2, so is more difficult to compound which is what most retail traders try to do.
Quoting lKeithStone
For those of you interested. This is the difference in profiles using Futures Data vs Forex Tick Data. Forex on the left... Futures on the right. Although the differences look minor, they can be major when accuracy is the name of the game. This is why Trader Dale can use 12 pip stops. Notice the POC at the top. {image}
Hi Keith,
thanks for shading some light, ;-). I'm not sure whether I'm reading the price/POC data correctly, but - at least to me - is huge, not minor. On the left (Forex) POC seems to be 1.5891, on the left (6EH7) somewhere around 1.6300. I mean there must be something wrong, with me ;-) or the chart. What is the real diefference?
Second question in that context, which comes up for me (maybe I missed that one in the blog): The pictures Dale is providing with the levels each morning (tradingview.com) are based on FXCM (so Forex (data). Based on some of his statements he in fact deals intraday from/with the Futures-Levels? Correct?
Third would be then: it seems that it is not only valuable, but almost a prerequisite to get Futures data (like your 6EH7) to trade dale's levels with thte given SL and TP? What would be the best way to get those (I'm even in tradingview.com in the PRO version and don't get them provided)? What would be the best way to obtain sometzhing like this?

Sorry for the lengthy question, but I'm (a little) concerned, ;-). Thanks in advance. Cheers
I hope I'm not breaking any "rules" here, but I am attaching a PDF which comes from a (now defunct) thread in the commercial section. I found this by looking to see where some successful traders on FF were looking, I figured if they are looking at it then it's worth looking at - a bit spooky I know. This PDF contains a brilliant write up of trading which uses many of the same principles employed here, you might have to read massive amounts to "find" what this guy (risksurfer) has put into one 30 page document, I urge anyone who is not totally familiar with what is going on here to read it, several times. As far as I can see his web site is no longer operating, but this document is seriously informative.
Attached File(s)
File Type: pdf risksurfer.pdf   3.2 MB | 870 downloads


Cheers Ziggy
a lot of trading in this location both on the way up & down, couldn't resist a small trade as it pulled up, had several things going for it, heavily traded location, current POC, BRN, value area high, I've had the reaction I wanted but wouldn't be surprised if there is a lot more to come
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Quoting ziggy
a lot of trading in this location both on the way up & down, couldn't resist a small trade as it pulled up, had several things going for it, heavily traded location, current POC, BRN, value area high, I've had the reaction I wanted but wouldn't be surprised if there is a lot more to come 2017-01-10_0829.png;2132976 {image}
I had todays poc at that location on uj. Got one on eu too

edit: on closer look of your chart i see the poc there also

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Quoting ziggy
a lot of trading in this location both on the way up & down, couldn't resist a small trade as it pulled up, had several things going for it, heavily traded location, current POC, BRN, value area high, I've had the reaction I wanted but wouldn't be surprised if there is a lot more to come 2017-01-10_0829.png;2132976 {image}

Ziggy, again I want to say thank you for all the knowledge you have provided. It has helped speed up my learning curve. By adding what I already know with what I have learned here from yourself and Dale has made a huge difference to my Trading.
Also adding that Dale keeps us in pips by posting levels has created one of the safest places I have come across to Learn, Ziggy, Dale, Thank you.

I hope at some stage Dale offers a paid webinar to allow all who are interested a chance to fill the remaining gaps.
Well I managed to go long a micro at that area.
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Quoting ziggy
a lot of trading in this location both on the way up & down, couldn't resist a small trade as it pulled up, had several things going for it, heavily traded location, current POC, BRN, value area high, I've had the reaction I wanted but wouldn't be surprised if there is a lot more to come 2017-01-10_0829.png;2132976 {image}
Quoting akift
Well I managed to go long a micro at that area. {image} {quote} {image}
Why did you go long?
Quoting NaughtyPip
{quote} Why did you go long?
Daily VWAP to the SD1

Akif,
Intraday levels for 10.1.2017
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: 10.1. print.png Size: 242 KB
Quoting Trader-Dale
Intraday levels for 10.1.2017 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 10.1. table.png;2132983 10.1. print.png;2132998 {image} {image}
Hello
Can I ask - Does this mean you wait untill the price reaches these figures before taking a trade.
It is ok, if my question not is rigth one to ask/answer.
Thanks.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
Quoting ziggy
a lot of trading in this location both on the way up & down, couldn't resist a small trade as it pulled up, had several things going for it, heavily traded location, current POC, BRN, value area high, I've had the reaction I wanted but wouldn't be surprised if there is a lot more to come 2017-01-10_0829.png;2132976 {image}
You guys are great! You managed to get the same level (USD/JPY short) and trade it alone without me even publishing the level. There wasn't time to tell you about it so i traded it alone and you still got the trade!!! Well done and congratulations!
Attached Image
Quoting Oddbjorg
{quote} Hello Can I ask - Does this mean you wait untill the price reaches these figures before taking a trade. It is ok, if my question not is rigth one to ask/answer. Thanks. Oddbj.
Correct. I wait until the price is reached and then trade. Have look here at Basic rules I wrote: http://www.forexfactory.com/showthread.php?p=9162014#post9162014
Quoting ziggy
I hope I'm not breaking any "rules" here, but I am attaching a PDF which comes from a (now defunct) thread in the commercial section. I found this by looking to see where some successful traders on FF were looking, I figured if they are looking at it then it's worth looking at - a bit spooky I know. This PDF contains a brilliant write up of trading which uses many of the same principles employed here, you might have to read massive amounts to "find" what this guy (risksurfer) has put into one 30 page document, I urge anyone who is not totally familiar...
Thanks very much for sharing mate! I briefly scrolled through it and I must say that If I wrote article about my trading It would be very simillar- maybe 80-90 % the same! For everybody who wishes to learn - do as Ziggy says and read it multiple times!
I will definitely read it thoroughly. If you find something simillar please share. It is very valuable document.
Btw. I find very funny that he uses 1 monitor just to show the time. Haha
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