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Trader Dale - daily trading levels

  • #3,981
  • Jan 21, 2017 3:11pm Jan 21, 2017 3:11pm
Quoting Gazilion
Hi guys, i prepared my levels from weekly profiles. Broker : Pepperstone Date: 23-29th January Is here someone who can check this levels ? :-) Thanks. Thanks you Dale too, You are the best !! {image}
Hi, can you please tell me how you got these. Are the swing levels that you will trade?
  • #3,982
  • Jan 21, 2017 11:02pm Jan 21, 2017 11:02pm
Quoting shimmering
{quote} Hi, can you please tell me how you got these. Are the swing levels that you will trade?
Yes, i will trade this leves.

BUT, Dont copy me, if you can not find them too.

These levels are here just for discussion, and i wanted to check it with someone who can find them too.
  • #3,983
  • Jan 21, 2017 11:14pm Jan 21, 2017 11:14pm
Thought I would share this video with the group. He uses VP to find levels. Once he plots his levels he waits for range bar rejection and footprint confirmation then hops on for some quick scalps. This is similar to how I trade. It's not for everyone, but I've learned quite a bit watching his vids. Great trader! Doesn't sell anything.



https://www.youtube.com/watch?v=nEKy5onvAHg
  • #3,984
  • Edited 2:14pm Jan 22, 2017 11:46am | Edited 2:14pm
Quoting lKeithStone
Thought I would share this video with the group. He uses VP to find levels. Once he plots his levels he waits for range bar rejection and footprint confirmation then hops on for some quick scalps. This is similar to how I trade. It's not for everyone, but I've learned quite a bit watching his vids. Great trader! Doesn't sell anything. https://www.youtube.com/watch?v=nEKy5onvAHg
video gets very glitchy @ times, Keith thats not you but the man from amsterdam . Thx btw
  • #3,985
  • Jan 22, 2017 2:22pm Jan 22, 2017 2:22pm
You are doing a great job here.

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #3,986
  • Jan 23, 2017 12:16am Jan 23, 2017 12:16am
Intraday levels for 23.1.2017
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)
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  • #3,987
  • Jan 23, 2017 12:48am Jan 23, 2017 12:48am
Quoting HemDir
{quote} Hello Dale (and Ziggy), I understand the basic concept of looking for volume, spotting locations where the big guys splash their liquidity. I also (partialliy) understand that the Volume Profile of the previous day (which is past data!) helps identify (some of the) potential locations (POCs and VPOcs) as relevant levels for the next/current day (your nice levels every morning ). I also understand that futures data are the reliable source,and our Forex tick data only a approximation. What I do not get though is (and...
Hi buddy and thanks for a really great question!
I will give an example: There was a high volume area from which price shot down. I assume that at this place there still will be this selling activity for more reasons: 1. If the big guys still hold their shorts this is the place they will defend. 2. other participants see that this area was a strong short area and will place their shorts there. 3. participants who moved the price back up to this level will be afraid to go against a place where there could still be strong sellers - so they close their long positions there and this drives the price down again.
If these assumptions work in 70 % of all cases Iam happy.
  • #3,988
  • Jan 23, 2017 1:14am Jan 23, 2017 1:14am
Quoting Trader-Dale
Intraday levels for 23.1.2017 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 23.1. table.png;2151006 23.1. print.png;2151004 {image} {image}
Hello Dale,

Any chance today's AUD long is at 0.7539 and not at 0.7542? Care to explain the reasoning behind that?

Also, with the eurusd second long at 1.0675 instead of 1.0678

Thanks!
  • #3,989
  • Jan 23, 2017 1:24am Jan 23, 2017 1:24am
Quoting CrocodileRex
{quote} Hello Dale, Any chance today's AUD long is at 0.7539 and not at 0.7542? Care to explain the reasoning behind that? Thanks!
Thats not that big difference. My POC is there and also volume cluster form orderflow.
  • #3,990
  • Jan 23, 2017 2:06am Jan 23, 2017 2:06am
AUDJPY swing short missed TP by 4 pips. Waiting...

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Akif,
  • #3,991
  • Jan 23, 2017 2:08am Jan 23, 2017 2:08am
Quoting DrBeercan
{quote} Hi Shimmering, good job on taking a profit. Can I ask what EU price you entered on and am I right to assume you had a 20 S/L?
Yes, you can ask, however I am not on my laptop and on the android app I can't access or i don't know how to access previous day's history.
  • #3,992
  • Edited 3:49am Jan 23, 2017 2:37am | Edited 3:49am
dear Akif, i tried your indicator but when put on chart i see nothing. indicator is there but shows nothing. any help please?


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}
Reading coffee grounds..
  • #3,993
  • Jan 23, 2017 2:47am Jan 23, 2017 2:47am
I hope you guys traded AUD/JPY swing trade! I just got out with +95 pips profit!
Attached Image (click to enlarge)
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  • #3,994
  • Jan 23, 2017 2:56am Jan 23, 2017 2:56am
Quoting Trader-Dale
{quote} Hi buddy and thanks for a really great question! I will give an example: There was a high volume area from which price shot down. I assume that at this place there still will be this selling activity for more reasons: 1. If the big guys still hold their shorts this is the place they will defend. 2. other participants see that this area was a strong short area and will place their shorts there. 3. participants who moved the price back up to this level will be afraid to go against a place where there could still be strong sellers - so they...
Thanks for the answer, mate ,
sounds a little like "self-fulfilling prophecy".
  • #3,995
  • Jan 23, 2017 2:57am Jan 23, 2017 2:57am
Which Swing trades werent trade please ? :-) iam disoriented

Thanks
  • #3,996
  • Jan 23, 2017 3:00am Jan 23, 2017 3:00am
Quoting Trader-Dale
I hope you guys traded AUD/JPY swing trade! I just got out with +95 pips profit! audjpy profit.png;2151223 {image}
I did. Not +95, but +87 as I had somehow respect for the VPOC-level of friday. But still great, thanks...
  • #3,997
  • Jan 23, 2017 3:05am Jan 23, 2017 3:05am
Quoting Trader-Dale
{quote} Hi buddy and thanks for a really great question! I will give an example: There was a high volume area from which price shot down. I assume that at this place there still will be this selling activity for more reasons: 1. If the big guys still hold their shorts this is the place they will defend. 2. other participants see that this area was a strong short area and will place their shorts there. 3. participants who moved the price back up to this level will be afraid to go against a place where there could still be strong sellers - so they...
Hi Dale,

Thanks for a great thread and great explanation above.
My question concerns the latest levels for the usd/jpy. I noticed you had a daily level for a buy around 113.64 late last week. Could you please describe your thought process in discarding this level from the next few days buy levels.
Also why would you not consider buys at the heavy volume levels of around 113.33 and 113.08.
Thank you.
  • #3,998
  • Jan 23, 2017 3:09am Jan 23, 2017 3:09am
Quoting Trader-Dale
I hope you guys traded AUD/JPY swing trade! I just got out with +95 pips profit! audjpy profit.png;2151223 {image}
Hi Dale, perfect! AUDCAD still running? there was almost SL, fortunately 3 pips turned :-)
  • #3,999
  • Jan 23, 2017 3:18am Jan 23, 2017 3:18am
Quoting yoko
{quote} Hi Dale, perfect! AUDCAD still running? there was almost SL, fortunately 3 pips turned :-)
Am still in AC on a demo account it is facing major resistance at 1.00350 when I last looked before heading back down to entry point. Anyone else seeing the same?
Dale, Could I ask how long you feel a trade should run for before it is no longer valid?
With AJ did you manually close or did it hit TP?
Take 1 step forward, two small steps back
  • #4,000
  • Jan 23, 2017 3:18am Jan 23, 2017 3:18am
Quoting shimmering
{quote} Yes, you can ask, however I am not on my laptop and on the android app I can't access or i don't know how to access previous day's history.
Thank you kindly for taking the time to reply.
Take 1 step forward, two small steps back
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