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Trader Dale - daily trading levels

  • #5,161
  • Feb 9, 2017 2:15am Feb 9, 2017 2:15am
Quoting jvfx
{quote} Hi Dale, From 10 January to 31 January I took 37 trades of which 19 were winners and 18 losers resulting in a nett loss since the losers are bigger than the winners. From 1 February to date I have taken 14 trades of which only 4 were winners. Thank you for your suggestions on what to try in future.
Hi Jvfx, I would suggest you be selective of Dale's trades here. If your trading platform impose a high spread on for eg. USDCAD, then avoid the trades on USDCAD.
  • #5,162
  • Feb 9, 2017 2:21am Feb 9, 2017 2:21am
I dropped the EU 1.0702 as it made a strong move to a level and a very strong move down again with EUR currently stronger.
Take 1 step forward, two small steps back
  • #5,163
  • Feb 9, 2017 2:33am Feb 9, 2017 2:33am
Quoting DrBeercan
I dropped the EU 1.0702 as it made a strong move to a level and a very strong move down again with EUR currently stronger.
I am still thinking whether to take it or not..
  • #5,164
  • Feb 9, 2017 2:45am Feb 9, 2017 2:45am
Quoting DrBeercan
I dropped the EU 1.0702 as it made a strong move to a level and a very strong move down again with EUR currently stronger.
Price got to within 3 pips of level so I'm dropping that level too - edit - just watching on 5 min chart and may enter depending on the PA

I used to be indecisive but now I'm not sure!!
  • #5,165
  • Feb 9, 2017 2:50am Feb 9, 2017 2:50am
Attached Image
  • #5,166
  • Feb 9, 2017 3:02am Feb 9, 2017 3:02am
I took EU at 1.0705 and now moved SL at BE and waiting what happens.
  • #5,167
  • Feb 9, 2017 3:02am Feb 9, 2017 3:02am
Quoting adrian w.
{quote} Dale, hello, thank you very much for the levels. Do you consider the eurusd level and usdjpy level (111.83) already wasted (it got around 3 pips close and reacted during CET nigh) or will you trade it? thank you
Hi, Eur/usd already tested, jpy both levels were profit.
  • #5,168
  • Feb 9, 2017 3:02am Feb 9, 2017 3:02am
Quoting jvfx
{quote} Hi Dale, From 10 January to 31 January I took 37 trades of which 19 were winners and 18 losers resulting in a nett loss since the losers are bigger than the winners. From 1 February to date I have taken 14 trades of which only 4 were winners. Thank you for your suggestions on what to try in future.
You are correct.

That is why Dale never post real results online. Only modified ones.

Sometime, he said that he did not take the lost trade, after the level was hit.
  • #5,169
  • Feb 9, 2017 3:04am Feb 9, 2017 3:04am
Quoting fakebuster
{quote} You are correct. That is why Dale never post real results online. Only modified ones.
mate, he's offering free signals not forcing them on anyone.
  • #5,170
  • Feb 9, 2017 3:06am Feb 9, 2017 3:06am
Quoting jvfx
{quote} Hi Dale, From 10 January to 31 January I took 37 trades of which 19 were winners and 18 losers resulting in a nett loss since the losers are bigger than the winners. From 1 February to date I have taken 14 trades of which only 4 were winners. Thank you for your suggestions on what to try in future.
from the beginning of February it was 7 winners, 3 losers, one BE for me. Counting also today's 2 profits on usd/jpy that happened in asian session. Maybe you dont discard trades when the price turns sooner? This could be the reason you have more trades than me and also more losses.
  • #5,171
  • Feb 9, 2017 3:12am Feb 9, 2017 3:12am
I thought I would share this market profile indi that I started using last night as it doesn't kill my laptop. Dale could you be so kind as to have a quick glance over and see if it fits the Metatrader view of your strategy? Thank you in advance
Attached File(s)
File Type: ex4 PZ_MarketProfile.ex4   23 KB | 339 downloads
Take 1 step forward, two small steps back
  • #5,172
  • Feb 9, 2017 3:15am Feb 9, 2017 3:15am
Quoting Trader-Dale
{quote} Hi, Eur/usd already tested, jpy both levels were profit.
Dale, hello,

thank you for your answer. I took it (eurusd) nevertheless and secured to BE.
But I will not take any of the long levels for usdjpy..
have a great day!
  • #5,173
  • Feb 9, 2017 3:15am Feb 9, 2017 3:15am
Quoting Trader-Dale
{quote} Hi, Eur/usd already tested, jpy both levels were profit.
dale, are you not taking the eurusd trade right now?

I dont think it has been tested.
  • #5,174
  • Feb 9, 2017 3:19am Feb 9, 2017 3:19am
Quoting DrBeercan
I thought I would share this market profile indi that I started using last night as it doesn't kill my laptop. Dale could you be so kind as to have a quick glance over and see if it fits the Metatrader view of your strategy? Thank you in advance {file}
Iam not sure what you mean "if it fits the Metatrader view of your strategy".
  • #5,175
  • Feb 9, 2017 3:20am Feb 9, 2017 3:20am
Quoting CrocodileRex
{quote} dale, are you not taking the eurusd trade right now? I dont think it has been tested.
eur/usd turned 2 pips sooner at the start of asian session. Still could work but iam not in it
  • #5,176
  • Feb 9, 2017 3:22am Feb 9, 2017 3:22am
I said it before - asian session works pretty neat!!! Here are the jpy trades I posted before asian session today.
*funny thing - if your short didnt get filled in the first test and activated for the 2nd test it would still be a profit.
Attached Image
  • #5,177
  • Feb 9, 2017 3:29am Feb 9, 2017 3:29am
Quoting Trader-Dale
{quote} Iam not sure what you mean "if it fits the Metatrader view of your strategy".
HI Dale, sorry for the cryptic question I was more asking does this do the same market profile as per earlier indis that have been posted. I know your levels come from Trading View, at the moment I can't justify the monthly subscription so hoped this indi which doesn't eat my computers resources would help me find my levels. I'll PM you if you prefer so as not to create a big chain on your blog. Am keen to find my own levels :-)

Thank you in advance,
Take 1 step forward, two small steps back
  • #5,178
  • Feb 9, 2017 3:35am Feb 9, 2017 3:35am
Quoting DrBeercan
{quote} HI Dale, sorry for the cryptic question I was more asking does this do the same market profile as per earlier indis that have been posted. I know your levels come from Trading View, at the moment I can't justify the monthly subscription so hoped this indi which doesn't eat my computers resources would help me find my levels. I'll PM you if you prefer so as not to create a big chain on your blog. Am keen to find my own levels :-) Thank you in advance,
Ill have a look at it mate. Sometimes you only need to show less profiles in your history to make it work faster. For example when I tried 100 days (100 profiles) my mt4 froze completely for about 1 minute and was pretty slow afterwards.
  • #5,179
  • Feb 9, 2017 3:41am Feb 9, 2017 3:41am
Quoting Trader-Dale
{quote} Ill have a look at it mate. Sometimes you only need to show less profiles in your history to make it work faster. For example when I tried 100 days (100 profiles) my mt4 froze completely for about 1 minute and was pretty slow afterwards.
Thanks for the tip :-) let me know when you have time.
Take 1 step forward, two small steps back
  • #5,180
  • Feb 9, 2017 3:51am Feb 9, 2017 3:51am
I wrote an article about Position Management for you guys! I hope you will find it usefull. It will be avilable also on the 1st page of my thread. I strongly advise everybody here to read it.
Attached File(s)
File Type: pdf Position management.pdf   124 KB | 596 downloads
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