USDCAD was working like a charm for the past few days... 5wins
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Pinbar trader EA - Trading pinbars off weekly S&R levels 435 replies
Are you a trend trader or a counter-trend trader? 29 replies
RS levels and physic levels are in indicator (created) 3 replies
Disliked{quote} Thanks for the fast reply!! I will start trading Asian session with limit orders to see how it goes for me and I will keep you informed. I am just starting to trade with Dale levels, trying to learn as much as possible from you guys. One more question: Considering the positive balance in trading these levels so far ( around 65% when ratio 1-1 ), have you guys considered using a very slow and soft progression to recover faster the loosing strikes ? I am not talking about Martingale or anything like that. I have little experience in Forex,...Ignored
Disliked{quote} Hi Jako, what I do is have an alarm 6 pips in front of the level, when it pings I switch my chart to a 5 min chart and set another alarm 14 pips above the level. I can then both see the action and get a warning if my test rules get activated. For instance I have a Cad level for a long at 1.3283 (from 28 Mar), under the rules I use it did get tested which was annoying coz I wanted to trade that level but I will adhere to my rules no matter what my itchy trigger finger wants to do! So in answer to your question, it's the price action which...Ignored
Disliked{quote} Thank you Ziggy, I would question whether that is the correct approach since in all other respects, the creation of the levels are based primarily on the price action and resulting market profile on the 30 minute time frame. This arguably means that anything in the lower time frames including, whether or not a level has been tested, is just noise. Not that it proves it one way or the other but I took my own level on the UC long at 1.328 earlier. If you look at the 30M chart it looks great but on the 5 min chart it was tested. Luckily Ziggy...Ignored
DislikedFor all the guys suffering from a slow terminal, you have the option of using the profile indicator with MT5. Im currently testing it on a chart with 50 days of profiles loaded and its not slow at all. Here is where you can get the MT5 indi https://www.mql5.com/en/code/15440Ignored
DislikedI tried UC short at 1.3338 but finished with SL. Was anybody else watching this level?Ignored
Disliked{quote} Congratts Jako... But, I think you might have meant 1.0746 instead (short term support coupled with price shooting down with enough volume to let it considered as a valid entry point)... I don't see 1.0756 being triggered so far... Cheers...,! Btw.... Am also applying Mr. Dale's rules (with little modification) on Eur/jpy with good success rate... I also spotted a level on this pair same as you did on EU... It also ended up nice... (Fibo 61.8% + High Volume + Price Action). My salutation to you Dale for transforming my vision of trading......Ignored
DislikedHello my friends. Daily levels commentary for 31.3. is here!! Enjoy! Also have a great Friday and relaxing weekend! Daily levels commentary for 31.3. https://www.youtube.com/watch?v=khRTQ5PFRRAIgnored
Disliked{quote} Great video Dale as always. Can I ask why you didn't look at 1.0757 short on EurUSD?. On your video you can see the large volume there plus sell off? Is it because the level got tested? {image}Ignored
Disliked{quote} Jako, I would consider that level to be tested already. Just my opinion and why I wouldn't trade it. {image}Ignored
Disliked{quote} Hey Sanalhauq (since you like trading the EuroYen)- what do you think of 120.190 as an EJ level?Ignored
Disliked{quote} Sorry to answer another question that wasn't addressed to me. Just my two cents and how I traded that level. I wouldn't trade that level anymore as the volume is not that significant on March 29th. {image}Ignored
Disliked{quote} Don't apologise Sandmann - your answer really helped me! Can I trouble you to look at USD CAD 1.33760 and tell me your thoughts. It's another level that I as an amateur want to take but Dale has missed it out. So I'd love to learn why.Ignored
Disliked{quote} Hey Sanalhauq (since you like trading the EuroYen)- what do you think of 120.190 as an EJ level?Ignored