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Trader Dale - daily trading levels

  • #5,821
  • Feb 24, 2017 1:04pm Feb 24, 2017 1:04pm
Quoting DrBeercan
{quote} :-) am London boy born and bred.. but now live in the north after meeting the love of my life! lol, bit before my time am afraid for John White but yep Jimmy White the crazy snooker player? If he did Forex in the same way he played he would of probably had to have sold his soul!
That sounds so familiar. I'm a Bristol boy but moved up north for the same reason you did
  • #5,822
  • Feb 25, 2017 3:28am Feb 25, 2017 3:28am
Quoting Trader-Dale
Intraday levels for 27.9.2016. Profit target 10, SL 12 pips. Always. Happy trading {image} {image}
Good morning, after adding the indicators and the template, i can't see the ID long or ID short. is there a settings to activate?
kindly check for me
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 25 KB
  • #5,823
  • Feb 25, 2017 7:44am Feb 25, 2017 7:44am
Quoting Prax
{quote} That sounds so familiar. I'm a Bristol boy but moved up north for the same reason you did
:-) the wonders of life we go where they tell us.. I mean our hearts tell us to go! Much like trading I guess! :-)
Take 1 step forward, two small steps back
  • #5,824
  • Feb 26, 2017 3:14am Feb 26, 2017 3:14am
Quoting michaelroi
{quote} Good morning, after adding the indicators and the template, i can't see the ID long or ID short. is there a settings to activate? kindly check for me {image}
These indicators and template are only for you to better understand where Dale puts his levels. If you want to see Long and Short lines you need to download templates from Dale's website.
  • #5,825
  • Feb 26, 2017 3:16pm Feb 26, 2017 3:16pm
HI all

I was asked by Radaway to post one of my wins and how I got there. As I am a newby I don't post any levels before I do them because well this could be just pot luck, plus as the phrase goes you trade at your own risk! I personally don't want anyone following me with some bad trades. So the attached shows USDCAD and how it formed one of my wins:

* set a buy limit order 1.31133 after I confirmed the short range trend was to the upside on starting on D1, cross reference Forex strength and WMA (weighted Moving Average)
* I then set my SL at 1.30781 which is below what looked like a strong support area, I assumed that if this was going to go for long there would be momentum here to carry it on.
* I then used Akifts tool to find a level on H4 and H1 to find a VWAP to aim for, I then shaved a few pips of to counter Oanda spread; I looked for an area price hadn't been for a while and followed the last spike in price using PA analysis
* I then sat back and let it go
It made about 45 pips

The red and green lines are support & resistance levels and they were there when I placed the trade. You can see on the counter swing that happened when I would of been at work, it swung back and would of made a 119 pip win back down to the lower range. Why didn't I take it? Because when I viewed the charts on that day in the evening the shadows were big, the candle on the 22nd at 8PM signaled a reversal to the upside and I thought to myself I best not push it! However reviewing as price was heading back down where it came from, if I had applied the same theory where the price had spiked on the 14th of Feb at 12 PM to find a VWAP level and on the reversal did the same theory as above , there is a level found with Akifts tool at 1.30746 to target, plus of course Oanda's spread on top would of made a great target heading the other way as a short. Obviously USDCAD is in a ranging market.

Also for the record, Dales levels do work if you follow Dales teachings. When I was able to watch them and not trade any that were tested or were impacted by the news I had wins. Sadly I gotta work so I have looked at alternatives. I do sometimes place limit orders if I have the time, but my mornings are mighty busy!
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 20022017.png Size: 74 KB
Take 1 step forward, two small steps back
  • #5,826
  • Feb 26, 2017 3:53pm Feb 26, 2017 3:53pm
Quoting DrBeercan
HI all I was asked by Radaway to post one of my wins and how I got there. As I am a newby I don't post any levels before I do them because well this could be just pot luck, plus as the phrase goes you trade at your own risk! I personally don't want anyone following me with some bad trades. So the attached shows USDCAD and how it formed one of my wins: * set a buy limit order 1.31133 after I confirmed the short range trend was to the upside on starting on D1, cross reference Forex strength and WMA (weighted Moving Average) * I then set my SL at 1.30781...
Thx. DrBeercan

any reason why you didnt drag the rectangle over & on to the part shown (this too was ranging afaic see)

cheers
Attached Image
  • #5,827
  • Edited 4:31pm Feb 26, 2017 4:09pm | Edited 4:31pm
Quoting radaway
{quote} Thx. DrBeercan any reason why you didnt drag the rectangle over & on to the part shown (this too was ranging afaic see) cheers {image}
No worries, because I was looking for an area that doesn't cross my limit order and I believe when I drew the box on H4 it didn't, under H1 obviously does. However if you do drag further on to the areas you mention it does actually give the same level. Give it a try. Though I get your point it is part of that range. Will review on future trades, we all live and learn :-)
Take 1 step forward, two small steps back
  • #5,828
  • Feb 26, 2017 4:10pm Feb 26, 2017 4:10pm
Good evening my friends! Here are levels for tomorrow!

Intraday levels for 27.2.2017
I use PT 10 pips, SL 12 pips.
For more cool additional content visit my new website: http://trader-dale.com/
Happy trading
Attached Image (click to enlarge)
Click to Enlarge Name: 27.2. prnt.png Size: 220 KB
  • #5,829
  • Feb 26, 2017 5:47pm Feb 26, 2017 5:47pm
anyone uj112.31?
  • #5,830
  • Feb 26, 2017 5:58pm Feb 26, 2017 5:58pm
Yes +10 (Awesome work Dale) Now waiting on Euro
  • #5,831
  • Feb 27, 2017 12:14am Feb 27, 2017 12:14am
Quoting adewes
{quote} Hi, thanks Sevan62! I have two more suggestions that can be useful for the next version: Time filter. Only take trades between certain period (if the price go beyond the levels during the "no-trade" period then it will be considered tested already, just like the news filter works. As soon as I attach the EA in a chart it will remove other indicators from the chart, like the volume profile bars from the previous days. Can you check if the EA is trying to remove the drawing objects that doesn't belong only to the EA?
Hi Adewes,
I consider your proposal useful and made appropriate EA modifications. Now you have up to 3 time Sessions.

  1. You may switch off any particular Session by entering both negative values as it is for Asian Session on the screenshot.
  2. You may switch off all timing and allow EA to operate 24 hours a day by entering equal positive values for any session.
  3. EA will discard tested levels during non-trading hours and red news events.
  4. EA will not delete any foreign objects from the chart.

Attached Image (click to enlarge)
Click to Enlarge Name: 15_.jpg Size: 146 KB

Attached File(s)
File Type: ex4 DaleTM_v1.5.ex4   44 KB | 384 downloads

Attached File(s)
File Type: ex4 FFCal_DV_150715.ex4   63 KB | 370 downloads

Attached File(s)
File Type: pdf EA Dale 1.5.pdf   261 KB | 512 downloads

  1. FFCal Red News indicator should be placed in Metatrader4\MQL4\Indicators folder.
  2. Please do not change chart TF EA is attached to.
  3. Please read EA manual before asking questions.

All the best and stay green.

BR, alex
  • #5,832
  • Feb 27, 2017 2:24am Feb 27, 2017 2:24am
Quoting sevan62
{quote} Hi Adewes, I consider your proposal useful and made appropriate EA modifications. Now you have up to 3 time Sessions. You may switch off any particular Session by entering both negative values as it is for Asian Session on the screenshot. You may switch off all timing and allow EA to operate 24 hours a day by entering equal positive values for any session. EA will discard tested levels during non-trading hours and red news events. EA will not delete any foreign objects from the chart. {image} {file} {file} {image} FFCal Red News indicator...
Thanks very much mate for your updates! I really appreciate it!
  • #5,833
  • Feb 27, 2017 7:08am Feb 27, 2017 7:08am
This thread has become very quite. Where is everybody.
  • #5,834
  • Feb 27, 2017 7:11am Feb 27, 2017 7:11am
Quoting austineejo
This thread has become very quite. Where is everybody.
Back to their daily jobs. After losing their savings.
Please add more indicators, I still see the real price! Thanks!
  • #5,835
  • Feb 27, 2017 7:33am Feb 27, 2017 7:33am
Quoting sevan62
{quote} Hi Adewes, I consider your proposal useful and made appropriate EA modifications. Now you have up to 3 time Sessions. You may switch off any particular Session by entering both negative values as it is for Asian Session on the screenshot. You may switch off all timing and allow EA to operate 24 hours a day by entering equal positive values for any session. EA will discard tested levels during non-trading hours and red news events. EA will not delete any foreign objects from the chart. {image} {file} {file} {image} FFCal Red News indicator...
You're great, thanks again! I will keep you posted about it.
  • #5,836
  • Feb 27, 2017 7:34am Feb 27, 2017 7:34am
Quoting Crackpot
{quote} Back to their daily jobs. After losing their savings.
Nope, Im coding auto trader based on this thread
  • #5,837
  • Feb 27, 2017 7:41am Feb 27, 2017 7:41am
Quoting sevan62
{quote} Hi Adewes, I consider your proposal useful and made appropriate EA modifications. Now you have up to 3 time Sessions. You may switch off any particular Session by entering both negative values as it is for Asian Session on the screenshot. You may switch off all timing and allow EA to operate 24 hours a day by entering equal positive values for any session. EA will discard tested levels during non-trading hours and red news events. EA will not delete any foreign objects from the chart. {image} {file} {file} {image} FFCal Red News indicator...
Hi sevan62,

Thank you for your input. It would be also nice to have that EA opens trade with the percentage of equity or balance instead of fixed only the lot size.
  • #5,838
  • Feb 27, 2017 8:15am Feb 27, 2017 8:15am
Quoting Crackpot
{quote} Back to their daily jobs. After losing their savings.
why would you say that? This strategy seems profitable to me
  • #5,839
  • Feb 27, 2017 8:34am Feb 27, 2017 8:34am
EURUSD tested?
  • #5,840
  • Edited 8:59am Feb 27, 2017 8:38am | Edited 8:59am
Quoting HemDir
EURUSD tested?
I'm still happy to trade it, for me didn't move far enough away & I don't see the volume area as having been tested yet

Edit, I am actually in the trade now, albeit from 1.06075

Edit, stop moved to 1.06081

Edit, half PT at +10
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