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Trader Dale - daily trading levels

  • #4,187
  • Jan 24, 2017 10:15pm Jan 24, 2017 10:15pm
Quoting swingtrade65
Hi Everyone, I found this a long time ago somewhere on the internet. It was the one document that help me understand what Volume Profile / Market Profile is really all about and how to picture what is going on in my head. I am going to share it here. It DOES NOT reflect how Dale trades and if he asks, I will remove it. I think it will help a lot of the new folks to wrap their head around what we are really talking about in here. Comments are always welcome {image}
Thank you for the PDF
I have a question:
He said: To get the 80% rule, you need this: One 30 minute bar needs to close inside of the value area, and when the next 30-minute bar opens inside the value area, you then have an 80% rule!
is it possible for the next 30-minute bar to open outside the value area if the first one closed inside?
Walla Maybe ya Habibi
  • #4,188
  • Jan 24, 2017 10:22pm Jan 24, 2017 10:22pm
Just use the ignore button ffs.
  • #4,189
  • Jan 25, 2017 12:15am Jan 25, 2017 12:15am
Plzzzzzz stop abusing each other, i simply request hv respect and love for human....
  • #4,190
  • Jan 25, 2017 1:52am Jan 25, 2017 1:52am
Stop Breaching
" Liver alone,,,Cheese my Seester "
  • #4,191
  • Jan 25, 2017 2:00am Jan 25, 2017 2:00am
audcad TP. i had SL few pips higher.
thank you Dale
Reading coffee grounds..
  • #4,192
  • Jan 25, 2017 2:41am Jan 25, 2017 2:41am
Quoting st1
audcad TP. i had SL few pips higher. thank you Dale
wow thats great mate! congratz!!
  • #4,193
  • Jan 25, 2017 2:42am Jan 25, 2017 2:42am
Intraday levels for 25.1.2017
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
  • #4,194
  • Jan 25, 2017 2:58am Jan 25, 2017 2:58am
Quoting st1
audcad TP. i had SL few pips higher. thank you Dale
is that a swing ? ..cuz Dale does not give A/C on intraday
  • #4,195
  • Jan 25, 2017 3:00am Jan 25, 2017 3:00am
Quoting radaway
{quote} is that a swing ? ..cuz Dale does not give A/C on intraday
I was a swing. It hit SL, moved about 2 pips above the SL and then made 200 pips in our direction...tough luck for me but st1 got more luck and has profit now.
  • #4,196
  • Jan 25, 2017 3:09am Jan 25, 2017 3:09am
Quoting Tmsago
{quote} Thank you for the PDF I have a question: He said: To get the 80% rule, you need this: One 30 minute bar needs to close inside of the value area, and when the next 30-minute bar opens inside the value area, you then have an 80% rule! is it possible for the next 30-minute bar to open outside the value area if the first one closed inside?
My advise would be dont just take the rules as stated in the document as sacrosanct. It should be a guide, in nay case that write up appears centered on the equity market whose dynamics is a little different from the currency market.
I would advise, if you are new just stick with the Dale's level trade, you will be fine and build confidence.
When you grow and mature you at liberty to alter your trading style.
  • #4,197
  • Jan 25, 2017 3:10am Jan 25, 2017 3:10am
Quoting Trader-Dale
{quote} I was a swing. It hit SL, moved about 2 pips above the SL and then made 200 pips in our direction....
noooo....It cant be true ! (some evil entity is hunting our stop losses )
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  • #4,198
  • Jan 25, 2017 3:17am Jan 25, 2017 3:17am
I have a small request for you guys. Would you please send me some feedback how you like my levels/trading/approach/thread... Best by private message.
I have started working on my own website and I think it could be helpful if new members could read what other traders have to say about this.
It could be long/short/positive/negative, just write whatever you want.
By writing your feedback you agree that I can use it on my website and maybe on my facebook (I would be really sad If somebody wrote something and then complained that I made his message public).
It would also be great If you added your first name (this is not necesarry if you don't want to!!).
Thanks a lot guys.
  • #4,199
  • Jan 25, 2017 3:23am Jan 25, 2017 3:23am
question for Dale, I know sometimes when there is a significant move you manage to find a level somewhere within the drop, and when we drop down to lower timeframes they become "visible", so my question is would you have considered a level on Cad at 1.3223

this is how it looks using Akif's lovely profile tool on the 1 min
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-01-25_0918.png Size: 44 KB


and where it appears on a 30 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-01-25_0922.png Size: 64 KB


cheers Ziggy
  • #4,200
  • Jan 25, 2017 3:34am Jan 25, 2017 3:34am
Courage people using Market Profile and Auction Market Theory.
I do trades with other instruments and sometimes different levels what Dale post here, that's why i wont post entries.
Don't want mess this thread.
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