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Trader Dale - daily trading levels

  • #4,701
  • Edited 9:02am Jan 31, 2017 8:43am | Edited 9:02am
To All Guys & Dale too

Yesterday there was a Monster Move & I got sucked into it . This is the 2nd time I got rogered with a monster move in short time

I was looking @ the forum(my bad- hindsight) rather than the chart as I like to pick my status from the forum.
I have yet to move over to MT4 & use the EA, but could folks here maybe announce the 'Monster Moves' on the forum so that people stay away from the complete annihilation.. I mean just a one-liner wud suffice. something like 'MM-coming'

just a thought ?
cheers
  • #4,702
  • Jan 31, 2017 9:03am Jan 31, 2017 9:03am
Quoting radaway
To All Guys & Dale too Yesterday there was a Monster Move & I got sucked into it . This is the 2nd time I got rogered with a monster move in short time I was looking @ the forum(my bad- hindsight) rather than the chart as I like to pick my status from the forum. I have yet to move over to MT4 & use the EA, but could folks here maybe announce the 'Monster Moves' on the forum so that people stay away from the complete annihilation.. I mean just a one-liner wud suffice. something like 'MM-coming'...
look at the news
  • #4,703
  • Jan 31, 2017 9:07am Jan 31, 2017 9:07am
Quoting wannalearn12
{quote} look at the news
there was no 'major'(aka red) when it happened yesterday
  • #4,704
  • Jan 31, 2017 9:09am Jan 31, 2017 9:09am
Quoting radaway
{quote} there was no 'major'(aka red) when it happened yesterday
Probably trump talking, or a normal move.
  • #4,705
  • Jan 31, 2017 9:16am Jan 31, 2017 9:16am
Trump at it again complaining other countries are devaluing their currencies and benefiting from it.
  • #4,706
  • Jan 31, 2017 9:17am Jan 31, 2017 9:17am
Quoting radaway
{quote} there was no 'major'(aka red) when it happened yesterday
If you look at your chart when a level is being approached you'll see a big move evolve.
If you're using limit orders you'll understand why they are not recommended
Never argue with a fool; onlookers may not be able to tell the difference.
  • #4,707
  • Jan 31, 2017 9:21am Jan 31, 2017 9:21am
Quoting radaway
{quote} there was no 'major'(aka red) when it happened yesterday
Just back in and see some pretty big moves, all seemingly started by the Trumpster team comments regarding the unfair currency advantage that Germany has. At the moment any moves that kick off after around 11:30 up until the major news releases seem to be a result of a "Trumpster", maybe for a while it is just too dangerous to trade that 11:00 to 13:00 window when the majority of these comments break. It's very difficult for anyone to get a post up during one of these breakawy moves as first we have our own trades to manage, and then it's all too late. The trading world is just not used to the world leaders saying what they think and every time it happens there is a knee jerk reaction..... it's gonna get us unless we are quick to respond or just avoid being in a trade when things are moving quickly when there is no scheduled major release. The easiest way to see it is if you are able to have all 4 charts on screen and see all currencies moving quickly in the same $ direction, right now the odds are high if you see that the the Trumpster has had something to say, this is how my screen looks, it would be a brave person who stood in the way
Attached Image (click to enlarge)
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  • #4,708
  • Jan 31, 2017 9:21am Jan 31, 2017 9:21am
Updated EA version. Changelog:

  1. Improved Red News Filter work.
  2. EA checks if the levels are entered correctly by user.

Please read EA Manual before asking questions.
Do not change TF of the chart EA attached to.
The first uploaded file is EA itself, the second is FFCal indicator which should be placed in \Metatrader 4\MQL4\Indicators folder, the third is EA Manual.

Attached File(s)
File Type: ex4 DaleTM_v1.32.ex4   35 KB | 361 downloads

Attached File(s)
File Type: ex4 FFCal_DV_150715.ex4   63 KB | 368 downloads

Attached File(s)
File Type: pdf EA DaleTM.pdf   234 KB | 539 downloads
BR, alex
  • #4,709
  • Jan 31, 2017 9:41am Jan 31, 2017 9:41am
I'm no financial expert, but President Trump did say he wanted a lower USD. They seem to be going about it in a somewhat unconventional way but they are getting what they wanted.
As the major pairs are all $ linked it shouldn't be too difficult to work out what the dangerous direction of any pair is likely to be.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #4,710
  • Jan 31, 2017 10:12am Jan 31, 2017 10:12am
If anyone pays attention to the COT data, last week (also Trumps first week in office), the larger players were reducing their sizes on USD and increasing their positions on all other majors. Maybe the start of a downtrend. Updated data comes out on Tuesday (today), should be interesting to see if the trend continues.

Attached Image (click to enlarge)
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  • #4,711
  • Jan 31, 2017 10:13am Jan 31, 2017 10:13am
Quoting Lookleft
I'm no financial expert, but President Trump did say he wanted a lower USD. They seem to be going about it in a somewhat unconventional way but they are getting what they wanted. As the major pairs are all $ linked it shouldn't be too difficult to work out what the dangerous direction of any pair is likely to be.
Even though he wants weaker dollar the yields are high and will go higher if fed turns more hawkish. Euro is a new yen. It is a funding currency for the carry trade. So all these big trading partner's currency would depreciate against USD. unless he gets rid of Yellen we are going to see usd strength or he back off on his proposed reflationary plans (job creation, infrastructure spending etc)
  • #4,712
  • Jan 31, 2017 10:28am Jan 31, 2017 10:28am
Quoting sevan62
Updated EA version. Changelog: Improved Red News Filter work. EA checks if the levels are entered correctly by user. Please read EA Manual before asking questions. Do not change TF of the chart EA attached to. The first uploaded file is EA itself, the second is FFCal indicator which should be placed in \Metatrader 4\MQL4\Indicators folder, the third is EA Manual. DaleTM_v1.32.ex4;2165190 FFCal_DV_150715.ex4;2165192 EA DaleTM.pdf;2165186 {image} {file} {file}
Im not to good with EA what folder should I put the Dale TM file?

Thanks
  • #4,713
  • Jan 31, 2017 10:37am Jan 31, 2017 10:37am
Several times it has been asked about the validity of keeping the levels in place over several days, we have had a case this afternoon, Dale was asked this morning about why he had left off certain levels and gave his reasoning, a short on AU at 0.7590 was one of them.

I wasn't here most of the morning and came back to see the impact or DT's currency comments, but I was still keen to try the aussie level as it seemed pretty solid, well it wouldn't have survived a 12 pip stop but did survive a 20 pip stop, was open for ages but has just given me a 15 PT, just as well as I've been mugged on one of my own trades today on the indices

edit - kept inserting wrong chart!!
Attached Image (click to enlarge)
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  • #4,714
  • Jan 31, 2017 10:38am Jan 31, 2017 10:38am
Quoting mtorr
{quote} Im not to good with EA what folder should I put the Dale TM file? Thanks
It goes in the \Metatrader 4\MQL4\Experts folder.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #4,715
  • Jan 31, 2017 11:24am Jan 31, 2017 11:24am
Quoting ziggy
Morning all, I won't be around much today as I have a personal matter that I must take care of. I've attached a word doc regarding how you might use Akif's lovely profile tool to help you find levels - this is for anyone who might be struggling to find levels themselves, but is not a substitute for using Dales levels. Cheers ZiggyLevel Finding.docx;2164410 {file}
Thank you a lot, Ziggy.
  • #4,716
  • Jan 31, 2017 11:55am Jan 31, 2017 11:55am
Quoting swingtrade65
{quote} I think I have a MUCH BETTER solution. Step1) YOU open an account with YOUR money. Step2) You set up a Trade Explorer for YOUR account. Step3) Take every trade that Dale publishes(well in advance) on here for one month Step4) YOU prove that it doesnt work with YOUR money If you take all of them with YOUR money and dont make a profit, then you have reason to complain and demand something of other people. Otherwise, NO ONE owes you anything Many Pips Caio

TraderDale is not a fraud, he has opened a live monitoring account that contained the trading of his daily levels, big swing trades and posted here a link in this thread (I can't remember when it was exactly), but if you ask him he might have it still open, his trades are real.
Looking for profitable short term trades ...|
  • #4,717
  • Jan 31, 2017 12:07pm Jan 31, 2017 12:07pm
Quoting Js3mwtRc
{quote} TraderDale is not a fraud, he has opened a live monitoring account that contained the trading of his daily levels, big swing trades and posted here a link in this thread (I can't remember when it was exactly), but if you ask him he might have it still open, his trades are real.
You got this wrong mate....I was quoting and talking to fakebuster..not Dale
Plan, Prepare, Execute, Repeat
  • #4,718
  • Jan 31, 2017 12:11pm Jan 31, 2017 12:11pm
Quoting Lookleft
{quote} It goes in the \Metatrader 4\MQL4\Experts folder.
Thank you very much!
  • #4,719
  • Jan 31, 2017 1:08pm Jan 31, 2017 1:08pm
Quoting swingtrade65
{quote} You got this wrong mate....I was quoting and talking to fakebuster..not Dale
why ppl always get you wrong
Walla Maybe ya Habibi
  • #4,720
  • Edited 2:39pm Jan 31, 2017 2:19pm | Edited 2:39pm
Couple of things I wanted to ask on the sevan62 EA

1) once the levels have been inputted, both the specific chart & MT4 need to be constantly ON , correct?
-if I switch off the PC or close the charts, the settings(levels) are gone too ?

-If yes, this would mean the PC needs to be on 24 X 7 ?

-can the PC go to 'sleep' mode ?

2) Mostly , the indicators need to be dragged on to the chart to let them do their stuff. but the 'FFCal_DV_150715' just needs to be there on the left hand tree view. No dragging the FFCal_DV_150715 to the chart is required ..right ?

3) & how does one modify the EA ,once it has been inputted and made to run. For e.g., when I double click the EA again(lets say I want to change the lots etc), mt4 asks if I want to stop or not. No I dont want to stop but want to change the data variable on the 'running EA'

Thanks
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