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Trader Dale - daily trading levels

  • #3,701
  • Jan 16, 2017 7:35pm Jan 16, 2017 7:35pm
With the permission of Trader Dale, there is a free chat room for those that are interested to discuss levels and such. The attached file gives details.

Attached File(s)
File Type: docx Chat Room.docx   14 KB | 545 downloads


I usually trade London and morning US hours.
  • #3,702
  • Jan 16, 2017 9:39pm Jan 16, 2017 9:39pm
Quoting NaughtyPip
UJ shorts at 114.99 i reckon 5b86c314f08b4aedab685a2e9f9322c4.png;2142562 {image}
Hi Naughty,
If those small color ones are the result of my indicator then there is something wrong with it. And now I can understand what ruma is trying to tell.
It shouldnt go over the rectangle. Pls take a look.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30.png Size: 58 KB

And for precision u need to go lower.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 53 KB

Akif,
  • #3,703
  • Jan 16, 2017 11:20pm Jan 16, 2017 11:20pm
Quoting akift
{quote} Hi radaway, Sorry that I forgot to reply back to your pm. But here is the answer for your request: Since Dale has given us a very nice Christmas gift freely, I want to make my little contribution to this nice community also. So here is my christmas gift to you all. The most wanted colorful volume profiling tool for MT4. Add it to your chart and draw anywhere a rectangle it automatically detects it and make a nice colorful profile inside the rectangle for you. Enjoy! Akif_Rectangle_Volume_Profile_v1.ex4;2142423 Akif, {file}
What a great Profiling tool for MT4, akift. One of the better indicators I've seen. Good job.

I would like to warn people though... using tick data to find levels will not be as accurate as true futures volume - so you may need to widen your stop. See my example below. Both profiles drawn on a 1 min chart. I can show several examples of this. This one is pretty close, but I've seen others be way off.

Attached Image (click to enlarge)
Click to Enlarge Name: difference.png Size: 100 KB
  • #3,704
  • Edited Jan 17, 2017 12:04am Jan 16, 2017 11:29pm | Edited Jan 17, 2017 12:04am
EU - Some large contracts firing off in this area after that strong move up. Decision point at these levels. No trade for me yet. Bulls are strong!
Attached Image (click to enlarge)
Click to Enlarge Name: large.png Size: 145 KB
  • #3,705
  • Jan 17, 2017 12:33am Jan 17, 2017 12:33am
Guys,

Any attempt to open trader view gets my explorer to freeze.

Any solution to resolve this matter please?

Best wishes
  • #3,706
  • Jan 17, 2017 12:45am Jan 17, 2017 12:45am
Quoting Gilliam
Guys, Any attempt to open trader view gets my explorer to freeze. Any solution to resolve this matter please? Best wishes
Try using a different internet explorer or the version you are using is out of date. I find Chrome works the best.
  • #3,707
  • Edited 1:28am Jan 17, 2017 1:09am | Edited 1:28am
Quoting Trader-Dale
Done! Here is my late Christmas present for you guys....
Hello Trader-Dale
in tradingview you use market profile...In your post here (http://www.forexfactory.com/showthread.php?p=9362891#post9362891) you were using order flow (ninja with unknown software)
Would you be willing to show how you combine market profile( trading view) and order flow (ninja, unknown software)
Thank you.
  • #3,708
  • Jan 17, 2017 1:23am Jan 17, 2017 1:23am
Quoting akift
{quote} Hi Naughty, If those small color ones are the result of my indicator then there is something wrong with it. And now I can understand what ruma is trying to tell. It shouldnt go over the rectangle. Pls take a look. USDJPYM30.png;2142761 And for precision u need to go lower. USDJPYM1.png;2142763 Akif, {image} {image}
hey no i got this indi from somewhere else, not from the one you uploaded. It is drawing the profile exactly where i wanted it to draw i think..

Attached Image (click to enlarge)
Click to Enlarge Name: 61c9c4c9271b428b978e030a4eeff43c.png Size: 63 KB
  • #3,709
  • Jan 17, 2017 2:38am Jan 17, 2017 2:38am
Intraday levels for 17.1.2017
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: 17.1. print.png Size: 225 KB
  • #3,710
  • Jan 17, 2017 3:06am Jan 17, 2017 3:06am
Interesting - the EurUsd and UsdCad levels today have no corresponding volume on the charts.......?
Always look for reasons not to take a trade
  • #3,711
  • Jan 17, 2017 3:11am Jan 17, 2017 3:11am
i got a 12pip loss for usd/cad 1.3093 earlier. Anyone took that too? Was the level not fresh anymore after few days?
  • #3,712
  • Jan 17, 2017 3:15am Jan 17, 2017 3:15am
Quoting CrocodileRex
i got a 12pip loss for usd/cad 1.3093 earlier. Anyone took that too? Was the level not fresh anymore after few days?
The level was no longer valid because it was tested and made reaction sooner. That is why I didn't put it among today's levels.
  • #3,713
  • Jan 17, 2017 3:16am Jan 17, 2017 3:16am
Hi,

how to get rid of the horizontal grid?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2017-01-17_171254.jpg Size: 255 KB
Click to Enlarge Name: Image1.jpeg Size: 255 KB
  • #3,714
  • Jan 17, 2017 3:18am Jan 17, 2017 3:18am
Quoting Trader-Dale
{quote} The level was no longer valid because it was tested and made reaction sooner. That is why I didn't put it among today's levels.
ok cool. What about 1.3058 level on usd/cad? What do you think about that? Is that valid?
  • #3,715
  • Jan 17, 2017 3:21am Jan 17, 2017 3:21am
Quoting ruma29
{quote} Hello Trader-Dale in tradingview you use market profile...In your post here (http://www.forexfactory.com/showthread.php?p=9362891#post9362891) you were using order flow (ninja with unknown software) Would you be willing to show how you combine market profile( trading view) and order flow (ninja, unknown software) Thank you.
The simpliest way to use orderflow is 1. find a good level on price/market profile. 2. "zoom" at the level with orderflow and make it more precise by looking where exactly the greatest activity was.
But as I said many times before. Orferflow isn't holy grail and i think that it could be more of a distraction for most of people (even for sucessfull traders).
  • #3,716
  • Jan 17, 2017 4:03am Jan 17, 2017 4:03am
Quoting akift
Dale, Your comments on the charts says "yearly profile" but as far as I know VPVR means Volume Profile Visible Range (I dont have tradingview pro account). Most of your charts begin from March-April range. There are even some starts at July. Those profiles would look very different if they started from 2016 January. So what should the be the starting date for the "yearly profile". Or is it not that important? Thanks in advance. Akif,
I start my yearly profile at the start of the year. In all the trades all the necessary volumes needed to understand the levels are shown there so no need to look for composite volume of the whole year. Thanks for a very good question mate!
  • #3,717
  • Jan 17, 2017 4:08am Jan 17, 2017 4:08am
Quoting alvincris27
Hi, how to get rid of the horizontal grid? {image} {image}
Ctrl +I is the shortcut menu for the Indicators list. once the list is displayed, delete the indicator you dont need(in your case the horizontal lines) , this will free up the clutter.
  • #3,718
  • Jan 17, 2017 4:08am Jan 17, 2017 4:08am
I encourage people study market profile and auction market theory while waiting, Dale's levels.
there are other ways use those tools.
I like this thread , because its pointing people trade profitable way. wishing only less question about how to setup indicators.
Today's trades have been UC.
Attached Image
  • #3,719
  • Jan 17, 2017 4:10am Jan 17, 2017 4:10am
Quoting alvincris27
Hi, how to get rid of the horizontal grid? {image} {image}
remove the sweetspot indicator, I have it on my template as it gives me a good indication of the scale as the lines are 10 pips apart
  • #3,720
  • Jan 17, 2017 5:27am Jan 17, 2017 5:27am
Quoting kk100
I encourage people study market profile and auction market theory while waiting, Dale's levels. there are other ways use those tools. I like this thread , because its pointing people trade profitable way. wishing only less question about how to setup indicators. Today's trades have been UC. {image}
UC?
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