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Trader Dale - daily trading levels

  • #3,401
  • Jan 12, 2017 2:46am Jan 12, 2017 2:46am
Quoting ziggy
{quote} If I posted my actual spreadsheet now I just know I would get bombarded with questions that I just don't have the time to answer, and it wouldn't help anyone to trade any better. I have gathered my information in a way that probably wouldn't be that helpful in that I record how far price goes against the level before reaching 20 pips profit, I could get to the 12/10 info but it would take a bit of faffing around. I've posted an image below where you can see the 20-20 results, before talking about those there are a few things that are really...
Many thanks Ziggy for being ever so helpful.
If you would be kind enough to post the spreadsheet (or PM) I think I can work out the things I'm looking for by going through the entries one by one.

One question though (I know you want to avoid these), but I'm surprised by 2 BE trades... your previous spreadsheet had 11 (and only up to October)?
  • #3,402
  • Jan 12, 2017 2:48am Jan 12, 2017 2:48am
Quoting Trader-Dale
Intraday levels for 12.1.2017 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} {image} {image}
is the eu long 1 a typo?

image shows 1.0613 instead of 1.0603.
  • #3,403
  • Jan 12, 2017 2:48am Jan 12, 2017 2:48am
Quoting ziggy
{quote} If I posted my actual spreadsheet now I just know I would get bombarded with questions that I just don't have the time to answer, and it wouldn't help anyone to trade any better. I have gathered my information in a way that probably wouldn't be that helpful in that I record how far price goes against the level before reaching 20 pips profit, I could get to the 12/10 info but it would take a bit of faffing around. I've posted an image below where you can see the 20-20 results, before talking about those there are a few things that are really...
Thanks very much for your work mate!
  • #3,404
  • Jan 12, 2017 3:04am Jan 12, 2017 3:04am
Quoting kenlionheart
{quote} Many thanks Ziggy for being ever so helpful. If you would be kind enough to post the spreadsheet (or PM) I think I can work out the things I'm looking for by going through the entries one by one. One question though (I know you want to avoid these), but I'm surprised by 2 BE trades... your previous spreadsheet had 11 (and only up to October)?
ken. DYOR.

use the levels indicator i posted yesterday. all dales trades are in the csv file that it reads.
  • #3,405
  • Jan 12, 2017 3:05am Jan 12, 2017 3:05am
Quoting kenlionheart
{quote} Many thanks Ziggy for being ever so helpful. If you would be kind enough to post the spreadsheet (or PM) I think I can work out the things I'm looking for by going through the entries one by one. One question though (I know you want to avoid these), but I'm surprised by 2 BE trades... your previous spreadsheet had 11 (and only up to October)?
On that previous spreadsheet I was moving to stop to BE when the chart was showing 10 pips up, I have prepared this one on the basis of moving the stop to BE at +20. Doing this has given a much better outcome.

Sorry, but I have many requests for the spreadsheet by PM & I just cannot go down that road, I will happily attach the first part which shows date & entry point, leaving anyone that wishes to to apply their own research. I am happy to help where I can but I have to be mindful of the amount of time it takes.
Cheers Ziggy
  • #3,406
  • Jan 12, 2017 3:10am Jan 12, 2017 3:10am
Trader Dale thoughts on some larger profiles 4hr charts on usd/jpy (am long at 113.80) and the aud/usd (am short at .7495). Great setups imho, just curious your thoughts?
  • #3,407
  • Jan 12, 2017 3:32am Jan 12, 2017 3:32am
Except for the EURUSD, these levels are miles away today from the price action....I wonder if they'll get there...
Always look for reasons not to take a trade
  • #3,408
  • Jan 12, 2017 3:55am Jan 12, 2017 3:55am
Quoting firsttimer
{quote} is the eu long 1 a typo? image shows 1.0613 instead of 1.0603.
1.0613 I guess is futures price.
  • #3,409
  • Jan 12, 2017 4:17am Jan 12, 2017 4:17am
Quoting pipsandbits
{quote} 1.0613 I guess is futures price.
Don't know if you are aware that you can also get Dales levels on TradingView, on here you can see the whole chart that Dales puts together. Because of the huge range covered it's difficult to see the actual level on the FF screen shot, but on tradeview you can see clearly that it is actually 1.0603

https://www.tradingview.com/chart/EURUSD/eHf4OX0E-EURUSD/?utm_source=notification_email&utm_medium=email&utm_campaign=notification_publish
  • #3,410
  • Jan 12, 2017 4:52am Jan 12, 2017 4:52am
Quoting Trader-Dale
Intraday levels for 12.1.2017 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} {image} {image}
Hello
I have a question for the day 12/01/2017
The recommendation was EUR / USD 2 LONG
at 1.0603 and 1.0509.
mam n MT4 set riv_ay-MarketProfileDWM.v131-2.ex4
and it shows completely different level
Data can someone please explanation
thank you very much
Ondrej
Attached Image (click to enlarge)
Click to Enlarge Name: SCREEN 2017-01-12.png Size: 27 KB
  • #3,411
  • Jan 12, 2017 4:56am Jan 12, 2017 4:56am
Quoting XxixixX
Trader Dale thoughts on some larger profiles 4hr charts on usd/jpy (am long at 113.80) and the aud/usd (am short at .7495). Great setups imho, just curious your thoughts?
Both are good. Iam myself short audusd. I also wanted to go usdjpy long but little bit higher but I considered my level already tested by yesterday's rollercoaster. Good job finding those levels!!!
  • #3,412
  • Jan 12, 2017 5:03am Jan 12, 2017 5:03am
Quoting Trader-Dale
{quote} Both are good. Iam myself short audusd. I also wanted to go usdjpy long but little bit higher but I considered my level already tested by yesterday's rollercoaster. Good job finding those levels!!!
Not sure if you mentioned this before but on these larger time frames how many pips do to try to strive for?
  • #3,413
  • Jan 12, 2017 5:08am Jan 12, 2017 5:08am
Quoting ziggy
{quote} If I posted my actual spreadsheet now I just know I would get bombarded with questions that I just don't have the time to answer, and it wouldn't help anyone to trade any better. I have gathered my information in a way that probably wouldn't be that helpful in that I record how far price goes against the level before reaching 20 pips profit, I could get to the 12/10 info but it would take a bit of faffing around. I've posted an image below where you can see the 20-20 results, before talking about those there are a few things that are really...
Thanks for the generous sharing. Could you please upload the excel file so we could discuss the methodologies?

Wish you all the bests.
  • #3,414
  • Jan 12, 2017 5:41am Jan 12, 2017 5:41am
Quoting ondrejnet
{quote} Hello I have a question for the day 12/01/2017 The recommendation was EUR / USD 2 LONG at 1.0603 and 1.0509. mam n MT4 set riv_ay-MarketProfileDWM.v131-2.ex4 and it shows completely different level Data can someone please explanation thank you very much Ondrej {image}
Iam not sure I understand but you think I only trade daily POC? Iam not looking only for that.
  • #3,415
  • Jan 12, 2017 5:46am Jan 12, 2017 5:46am
Quoting ondrejnet
{quote} Hello I have a question for the day 12/01/2017 The recommendation was EUR / USD 2 LONG at 1.0603 and 1.0509. mam n MT4 set riv_ay-MarketProfileDWM.v131-2.ex4 and it shows completely different level Data can someone please explanation thank you very much Ondrej {image}
I'm not really certain what you are asking about, I think you may have an indicator which you are using to identify levels and are asking why they are different? Dale isn't using any form of indicator to find his levels, he observes what the market profile is telling him, also the order flow and resultant price action, so although they may coincide there is no reason why they always will.

If you are using an indicator, that is fine, but I'd still recommend using your eye to see if you agree with the indicator.

The one thing that is different is the profile Dale has on the chart is starting 2 hours earlier than where you have yours starting - from looking at the candles I'd say that is the case.
  • #3,416
  • Jan 12, 2017 5:48am Jan 12, 2017 5:48am
Hi - can Dale or anyone answer a question I have please so I can learn and be better at this? I'm looking at the charts with volume and the AUD USD level of 0.73812 to my eye seems a strong level on both Price Action and Volume. What have I missed - why did Dale not recommend a long trade here?

Thanks for your help .....
Always look for reasons not to take a trade
  • #3,417
  • Jan 12, 2017 5:56am Jan 12, 2017 5:56am
Quoting Jako
Hi - can Dale or anyone answer a question I have please so I can learn and be better at this? I'm looking at the charts with volume and the AUD USD level of 0.73812 to my eye seems a strong level on both Price Action and Volume. What have I missed - why did Dale not recommend a long trade here? Thanks for your help .....
look at the 30 min chart, the level got tested immediately after it was created... So the orders that were there have been consumed. At least that's the way i see it, could be wrong.
  • #3,418
  • Jan 12, 2017 6:23am Jan 12, 2017 6:23am
Quoting Jako
Hi - can Dale or anyone answer a question I have please so I can learn and be better at this? I'm looking at the charts with volume and the AUD USD level of 0.73812 to my eye seems a strong level on both Price Action and Volume. What have I missed - why did Dale not recommend a long trade here? Thanks for your help .....
Look at price action. it would be a good level but I consider it already tested.
  • #3,419
  • Jan 12, 2017 6:35am Jan 12, 2017 6:35am
Quoting ziggy
{quote} I'm not really certain what you are asking about, I think you may have an indicator which you are using to identify levels and are asking why they are different? Dale isn't using any form of indicator to find his levels, he observes what the market profile is telling him, also the order flow and resultant price action, so although they may coincide there is no reason why they always will. If you are using an indicator, that is fine, but I'd still recommend using your eye to see if you agree with the indicator. The one thing that is different...
Hi Ziggy, I thought ondrejnet (http://www.forexfactory.com/ondrejnet)means that he is using indicator from post 1 of Dale thread ( riv_ay-MarketProfileDWM.v131-2.ex4 (http://www.forexfactory.com/attachment.php/2108980?attachmentid=2108980&d=1482145929) ). He wondered why the level which was drawn by these indicator is different from Dale level. Please correct me if I was wrong. Thank Ziggy.
  • #3,420
  • Jan 12, 2017 6:48am Jan 12, 2017 6:48am
Thanks for this thread Dale, and all people who has contributed.
I like this trading style and i'm studying order blocks these days, so I think I can learn a lot more there

I have another level question on AUDUSD 30 min chart:
0.74600 sounds like a good level for me. What do you think of it? Do you consider it as already tested or as a good candidate for tomorrow maybe because it's too fresh ?

Thank you!
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