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Trader Dale - daily trading levels

  • #3,881
  • Jan 19, 2017 9:27am Jan 19, 2017 9:27am
Quoting hardwin
hello all, i interested this simple strategy because of volume can't lies(my opinion). but really hard to understand the concept of trader dale strategy (because of my poor english) . this method : baby sittting method?? scalping (according TF ) we use??
Hi
navigate to the 1st post of the 1st page(on this thread) , there are 2 documents attached about how it all works here.
Hope it helps
  • #3,882
  • Jan 19, 2017 9:29am Jan 19, 2017 9:29am
Almost new on this thread, not really new on forex - but without time for it!

Hope it´s not bore to all if I share how I´m trying Dale´s levels since Tuesday:

a) I´m in Mexico so London session is impossible to me (I work - so I need to sleep).
b) Because of my time shift I read Dale´s levels like 5 hr after he publish. I´m working, so I use limits through a buy/sell scripts found on this forum that I modified to allow write entry level (On my morning I place the levels that didn´t happened during my night before I read them)
c) I´m using very small lots (live account) to place with the scripts 3 entries per level with +10, +15, +20 TP and same -12 SL for all
d) I think I´m going to keep entries that didn´t happened all the way until I replace them next day.
e) I already put some of the swing trades (Yesterday I closed one on +32, I´m in on AUDJPY & AUDCAD)

Until now I´m learning about my broker
1.- Yesterday candle says low on my entry, but never enter the position
2.- Yesterday it did UJ 114.062 two of the positions were -12 SL (114.18) and one +10 (113.96). How one position didn´t SL if all of them had 114.18 SL? I didn´t found how to attach image of this strange result

Positive today that I found yesterday´s UJ 115 on +10,+15+20

I´m finding out if there is way I have a journal like others here on FFactory.

Rgds have a great trading day!
D
  • #3,883
  • Jan 19, 2017 9:30am Jan 19, 2017 9:30am
Quoting hardwin
hello all, i interested this simple strategy because of volume can't lies(my opinion). but really hard to understand the concept of trader dale strategy (because of my poor english) . this method : baby sittting method?? scalping (according TF ) we use??
Who's baby are you talking about? you are baby sitter?
  • #3,884
  • Jan 19, 2017 9:37am Jan 19, 2017 9:37am
Hi Dale, I have a couple of questions for you regarding the futures volume and the futures/spot price conversion, I hope you don't mind me asking? I apologise if these questions have already been answered, as there are parts of the thread that I've only skimmed through.

Do you calculate the futures vs. spot price daily, and are using ratio or addition?

Do you always use the next delivery month futures contract to gauge volume, or would you switch to the subsequent one as the delivery date approaches? So for example, now we would use March delivery, when would you switch to using June delivery?

Thanks
  • #3,885
  • Jan 19, 2017 9:57am Jan 19, 2017 9:57am
Quoting davwattsg
Almost new on this thread, not really new on forex - but without time for it! Hope its not bore to all if I share how Im trying Dales levels since Tuesday: a) Im in Mexico so London session is impossible to me (I work - so I need to sleep). b) Because of my time shift I read Dales levels like 5 hr after he publish. Im working, so I use limits through a buy/sell scripts found on this forum that I modified to allow write entry level (On my morning I place the levels that didnt happened during my night before I read them) c) Im using very small lots...
let us know how you get on with this set and forget technique over time, the results would be very interesting.
  • #3,886
  • Jan 19, 2017 10:51am Jan 19, 2017 10:51am
Quoting davwattsg
I use limits through a buy/sell scripts found on this forum that I modified to allow write entry level
davwattsg - would you mind sharing this script? Just curious and would like to take a look at it. Thank you.
  • #3,887
  • Jan 19, 2017 11:08am Jan 19, 2017 11:08am
ruma, i mean chart sitting.. if price almost come to line, should we wait for confirmation such pinbar/ green-red bar?
so often on bulish trend but recomendation is sell. sorry for this question, i try following the rule but result still 50-50 ( must be i make mistake).
  • #3,888
  • Jan 19, 2017 11:10am Jan 19, 2017 11:10am
Quoting mrslow81
Hi Dale, I have a couple of questions for you regarding the futures volume and the futures/spot price conversion, I hope you don't mind me asking? I apologise if these questions have already been answered, as there are parts of the thread that I've only skimmed through. Do you calculate the futures vs. spot price daily, and are using ratio or addition? Do you always use the next delivery month futures contract to gauge volume, or would you switch to the subsequent one as the delivery date approaches? So for example, now we would use March delivery,...
I simply calculate the distance of current price to the level so it matches. with 6c and 6j I adjust the levels simply by looking at price action charts and making the forex level from futures data.
I use this site: http://www.cmegroup.com/trading/fx/g10/euro-fx.html. There you can see volumes. When the volumes of the June are bigger than March I swich.
  • #3,889
  • Jan 19, 2017 11:36am Jan 19, 2017 11:36am
Thanks for that Dale, I like simple answers, most helpful!

The link to the CME site is useful too.

Thanks for taking the time to answer.
  • #3,890
  • Jan 19, 2017 4:29pm Jan 19, 2017 4:29pm
Quoting januszo
{quote} Probably. Actually what is it : "Candle Low" on MT4? Lowest bid or lowest transaction price - one attacked with market order and sold at that lowest bid price?
Lowest price on the candle at Data Window on MT4.
  • #3,891
  • Edited 6:59pm Jan 19, 2017 6:14pm | Edited 6:59pm
Quoting ruma29
.. Last question on subject:what is OF software you use, if not mistaken in ninjatrader or other independent platform?

no signals no visitors to thread...trader-dale refuse to disclose software for order flow....
7pm est 17 visitors...

maybe with help of this cheerleader....
Attached Image
  • #3,892
  • Jan 20, 2017 12:58am Jan 20, 2017 12:58am
Quoting akift
{quote} Posted entry level was 1.0008. Triggered 3 hous earlier. It went against up to 1.0033, but didnt hit the SL. So that was the question. Akif,

what are the levels? TP and SL for AUDCAD
  • #3,893
  • Jan 20, 2017 1:42am Jan 20, 2017 1:42am
Quoting brink
{quote} what are the levels? TP and SL for AUDCAD
SL: 1.00943
TP: 0.99129

Akif,
  • #3,894
  • Jan 20, 2017 2:08am Jan 20, 2017 2:08am
Intraday levels for 20.1.2017
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: 20.1. print.png Size: 229 KB
  • #3,895
  • Jan 20, 2017 2:40am Jan 20, 2017 2:40am
Took allready long trades UJ, saw there long trade levels ealier.
Chart below , alt view use MP.

Option exp, and also poc's and top and bottom area made me do trades.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 60 KB
  • #3,896
  • Jan 20, 2017 2:44am Jan 20, 2017 2:44am
What type of trader are you guys? Let me know Iam curious!
Attached Image (click to enlarge)
Click to Enlarge Name: The 15 types of Forex Traders [Infographic].png Size: 556 KB
  • #3,897
  • Jan 20, 2017 2:46am Jan 20, 2017 2:46am
Quoting Trader-Dale
What type of trader are you guys? Let me know Iam curious! The 15 types of Forex Traders [Infographic].png;2148196 {image}
: )
  • #3,898
  • Jan 20, 2017 2:52am Jan 20, 2017 2:52am
Detailed Trader
  • #3,899
  • Jan 20, 2017 2:57am Jan 20, 2017 2:57am
AUDUSD Long triggered

Beginner trader (Not listed there)
Akif,
  • #3,900
  • Jan 20, 2017 3:00am Jan 20, 2017 3:00am
I'd say administrative/accurate................ others might say different
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