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Trader Dale - daily trading levels

  • #3,161
  • Jan 10, 2017 3:16am Jan 10, 2017 3:16am
Quoting Trader-Dale
{quote} 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! {image}
Learning all the time thanks Dale, like many here I get my levels prior to you posting and then see how close I am to yours It makes a big difference knowing that we are using principles that are known to be effective, and having a master to check your homework before you have to "submit it" adds to the confidence
  • #3,162
  • Jan 10, 2017 3:19am Jan 10, 2017 3:19am
Quoting Trader-Dale
{quote} 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
Thank you
All the best to all of you. But don't follow me. I am a learner.
  • #3,163
  • Jan 10, 2017 3:27am Jan 10, 2017 3:27am
Quoting akift
My early bird levels for today/tomorrow EURUSD: Long1 @ 1.0539 EURUSD: Long2 @ 1.0527 AUDUSD: Long1 @ 0.7339 AUDUSD: Long2 @ 0.7318 USDCAD: Short @ 1.3250 USDJPY: Short1 @ 116.44 USDJPY: Short2 @ 116.67 USDJPY: Short3 @ 117.35 Akif,
Well I managed to get really close enough to some of the levels. And some of the other levels were not developed yet at midnight when I posted.
EURUSD 1.0539 - 1.0537 = 2 pip diff
AUDUSD 0.7318 - 0.7317 = 1 pip diff
USDCAD 1.3250 - 1.3251 = 1 pip diff
USDJPY 116.44 - 116.46 = 2 pip diff

I hope this post at least proves that this thread is educational...
Thanks Dale.

Akif,
  • #3,164
  • Jan 10, 2017 3:33am Jan 10, 2017 3:33am
Quoting akift
{quote} Well I managed to get really close enough to some of the levels. And some of the other levels were not developed yet at midnight when I posted. EURUSD 1.0539 - 1.0537 = 2 pip diff AUDUSD 0.7318 - 0.7317 = 1 pip diff USDCAD 1.3250 - 1.3251 = 1 pip diff USDJPY 116.44 - 116.46 = 2 pip diff I hope this post at least proves that this thread is educational... Thanks Dale. Akif,
Very good job mate!
  • #3,165
  • Jan 10, 2017 3:35am Jan 10, 2017 3:35am
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}
Is there a place to download the market profile visualization you are using? Is it free or paid? It looks very good.
  • #3,166
  • Jan 10, 2017 4:41am Jan 10, 2017 4:41am
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}
HELLO DALE and ziggy , and every body here.
I have a question , I hope have some answer.
when I look at ziggy chart , the start time for indicatore is start from 02:00 broker time (australia open). but I start from 00:00 broker time, so it gives me different POC
and now my question is that, what time for start is better. Because sometime POC number are different too much
  • #3,167
  • Jan 10, 2017 4:58am Jan 10, 2017 4:58am
Quoting rabitt1965
{quote} HELLO DALE and ziggy , and every body here. I have a question , I hope have some answer. when I look at ziggy chart , the start time for indicatore is start from 02:00 broker time (australia open). but I start from 00:00 broker time, so it gives me different POC and now my question is that, what time for start is better. Because sometime POC number are different too much

i have seen people generally use ny close as the end of the day. So I use that also. Hope this helps.

Akif,
  • #3,168
  • Jan 10, 2017 5:00am Jan 10, 2017 5:00am
Quoting rabitt1965
{quote} HELLO DALE and ziggy , and every body here. I have a question , I hope have some answer. when I look at ziggy chart , the start time for indicatore is start from 02:00 broker time (australia open). but I start from 00:00 broker time, so it gives me different POC and now my question is that, what time for start is better. Because sometime POC number are different too much
There isn't going to be a satisfactory answer to this, remember we are generally basing our levels on the futures market, and the futures market is 07:00 - 21:00 UK time, what happens between 21:00 and 07:00 next day is for futures, outside market hours. So in truth no matter what our start time, our daily POC is likely to be "different". It is generally accepted that the close of the US session is the "end of the day", so on that basis 22:00 UK time really ought to be the start/end time. I just use 00:00 - 24:00 UK as my times, for my purposes that is ok but perhaps it should be 22:00.

Cheers Ziggy

edit - I can see from Dales charts he is using 22:00
edit again - for consistency I'll change mine to 22:00
  • #3,169
  • Jan 10, 2017 5:15am Jan 10, 2017 5:15am
Where is the setting at
to change time zone in mt4,??
Thanks
Every dog has his day
  • #3,170
  • Jan 10, 2017 5:17am Jan 10, 2017 5:17am
Quoting ziggy
{quote} There isn't going to be a satisfactory answer to this, remember we are generally basing our levels on the futures market, and the futures market is 07:00 - 21:00 UK time, what happens between 21:00 and 07:00 next day is for futures, outside market hours. So in truth no matter what our start time, our daily POC is likely to be "different". It is generally accepted that the close of the US session is the "end of the day", so on that basis 22:00 UK time really ought to be the start/end time. I just use 00:00 - 24:00 UK as my times, for my purposes...
THANKS , ZIGGY . helpfull.
  • #3,171
  • Jan 10, 2017 5:17am Jan 10, 2017 5:17am
Quoting RovingDog
Where is the setting at to change time zone in mt4,?? Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-01-10_1116.png Size: 77 KB
  • #3,172
  • Jan 10, 2017 5:18am Jan 10, 2017 5:18am
Quoting akift
{quote} i have seen people generally use ny close as the end of the day. So I use that also. Hope this helps. Akif,
THANKS , AKIFE. helpful.
  • #3,173
  • Jan 10, 2017 5:28am Jan 10, 2017 5:28am
Thanks Ziggy
I love the team work here,
Thank you to everyone here, I have learned a lot
Every dog has his day
  • #3,174
  • Jan 10, 2017 5:35am Jan 10, 2017 5:35am
AUDUSD is approaching Weekly VWAP currently at 0.7341 confluencing with my 0.7339 midnight level.
Might go long there if I see my green light.
EDIT: Weekly POC flipped to 0.7360. Cancelled.
Akif,
  • #3,175
  • Jan 10, 2017 6:08am Jan 10, 2017 6:08am
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}
Thanks trader dale.. got my 10 on EU. .
  • #3,176
  • Jan 10, 2017 6:09am Jan 10, 2017 6:09am
has everybody catched EU?
I've got beaten to 1 pip spread.
Damn!

Akif,
  • #3,177
  • Jan 10, 2017 6:10am Jan 10, 2017 6:10am
Quoting akift
Is everybody catch EU? I've got beaten to 1 pip spread. Damn! Akif,
EURUSD worked fine for me (this time), :-). However, do you consider USDCAD still valid, got within 3 pips? I'm hesitating.
  • #3,178
  • Jan 10, 2017 6:10am Jan 10, 2017 6:10am
Quoting akift
Is everybody catch EU? I've got beaten to 1 pip spread. Damn! Akif,
Yes, +10, went like a swiss watch...
  • #3,179
  • Jan 10, 2017 6:11am Jan 10, 2017 6:11am
EU +10, 1.0568 exactly on my chart,
Thank Dale
Every dog has his day
  • #3,180
  • Jan 10, 2017 6:12am Jan 10, 2017 6:12am
Quoting akift
Is everybody catch EU? I've got beaten to 1 pip spread. Damn! Akif,
same here Akif, I had to leave an order and quickly see if my neighbour was ok, she was and looks like I missed the entry by less than the spread poop
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