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Trader Dale - daily trading levels

  • #6,641
  • Apr 3, 2017 8:35am Apr 3, 2017 8:35am
Quoting Jako
Is there an equivalent Market Profile indicator for trading the 4 hour charts?
You'll probably need to use mt5 with the indicator I posted a link to a few days back. You can select W1 option and it looks decent
  • #6,642
  • Apr 3, 2017 8:56am Apr 3, 2017 8:56am
Quoting Jako
Is there an equivalent Market Profile indicator for trading the 4 hour charts?
Yes... the one here, the pz_market one I posted and MT5. But as you zoom out you start to get fuzzy logic apply as the points of reaction are now using a wider scale of averages. You are better off zooming out look at an area of confluence and zoom back in to see what the level was in that area. Am happy to be corrected :-)
Take 1 step forward, two small steps back
  • #6,643
  • Apr 3, 2017 10:53am Apr 3, 2017 10:53am
My March summary:

*HERE* (http://trader-dale.com/1559-2/)

Attached Image


*Iam not sure if there isn't one losing trade missing in my summary. I also omitted Friday's USD/CAD profit that was hit just after 15 minutes after significant macro event. Some more aggressive guys probably took I am sure
  • #6,644
  • Apr 3, 2017 10:54am Apr 3, 2017 10:54am
Hi everyone,

I just downloaded the market_profile indicator from dale's website and noticed it's extremely slow.

So I tinkered it a bit. It's faster now.

I am a silent reader of the method and am very grateful for the valuable info Dale shared.
Attached File(s)
File Type: ex4 Market-profile_modified.ex4   15 KB | 549 downloads
  • #6,645
  • Apr 3, 2017 11:35am Apr 3, 2017 11:35am
Quoting antonym
Hi everyone, I just downloaded the market_profile indicator from dale's website and noticed it's extremely slow. So I tinkered it a bit. It's faster now. I am a silent reader of the method and am very grateful for the valuable info Dale shared. {file}
wow! thanks very much mate!!!
  • #6,646
  • Apr 3, 2017 12:36pm Apr 3, 2017 12:36pm
Quoting antonym
Hi everyone, I just downloaded the market_profile indicator from dale's website and noticed it's extremely slow. So I tinkered it a bit. It's faster now. I am a silent reader of the method and am very grateful for the valuable info Dale shared. {file}
I have just tried it. It works great! thanks so much mate!
  • #6,647
  • Apr 3, 2017 4:30pm Apr 3, 2017 4:30pm
A hint : src code of semi auto trade mgr is here: https://www.forexfactory.com/showthread.php?p=9698271#post9698271

Go on modify it and and make it auto!
PS
i have no time to doit recently.
  • #6,648
  • Apr 4, 2017 12:16am Apr 4, 2017 12:16am
Quoting januszo
A hint : src code of semi auto trade mgr is here: https://www.forexfactory.com/showthread.php?p=9698271#post9698271 Go on modify it and and make it auto! PS i have no time to doit recently.
Appreciable...,! Thank you...,!
  • #6,649
  • Apr 4, 2017 3:10am Apr 4, 2017 3:10am
USDCAD 1.3447 missed by 0.3 pips, nice instant reaction still
  • #6,650
  • Apr 4, 2017 3:23am Apr 4, 2017 3:23am
USDCAD had my level entry @ 1.34467, felt like a sniper hit XD +11
  • #6,651
  • Apr 4, 2017 3:50am Apr 4, 2017 3:50am
Quoting Sandmann
USDCAD had my level entry @ 1.34467, felt like a sniper hit XD +11
Missed it
  • #6,652
  • Apr 4, 2017 3:58am Apr 4, 2017 3:58am
Quoting Sandmann
USDCAD had my level entry @ 1.34467, felt like a sniper hit XD +11
Didnt see any level there. It's way back at history i suppose? Care to show some chart?
  • #6,653
  • Apr 4, 2017 4:00am Apr 4, 2017 4:00am
Quoting CrocodileRex
{quote} Didnt see any level there. It's way back at history i suppose? Care to show some chart?
No. According to today's levels there was a short entry at 1.3447.
  • #6,654
  • Apr 4, 2017 4:08am Apr 4, 2017 4:08am
Quoting CrocodileRex
{quote} Didnt see any level there. It's way back at history i suppose? Care to show some chart?
it's an old level from 15th March
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 199 KB
  • #6,655
  • Apr 4, 2017 4:14am Apr 4, 2017 4:14am
Daily levels commentary for 4.4.2017. Enjoy guys!
*BTW did you take the USD/CAD trade at 1.3447? I took it just when editing this video. Iam pretty happy and proud about how this trade went because it was such an old level (20 days!)and the reaction was just perfect!
https://www.youtube.com/watch?v=GVoWpqhslXw
  • #6,656
  • Apr 4, 2017 4:17am Apr 4, 2017 4:17am
Quoting brink
{quote} Missed it
Missed it too but it's such a strong level that I think it will go back there and will reverse nicely again. Let's see........
Always look for reasons not to take a trade
  • #6,657
  • Apr 4, 2017 4:56am Apr 4, 2017 4:56am
Quoting Trader-Dale
Daily levels commentary for 4.4.2017. Enjoy guys! *BTW did you take the USD/CAD trade at 1.3447? I took it just when editing this video. Iam pretty happy and proud about how this trade went because it was such an old level (20 days!)and the reaction was just perfect! https://www.youtube.com/watch?v=GVoWpqhslXw
I am actually still in the USDCAD trade .
Know your edge and trade within it
  • #6,658
  • Apr 4, 2017 5:03am Apr 4, 2017 5:03am
Dale - why did you not look at USDCAD long 1.3385 (or thereabouts). Seems to have lots of sideways action , heavy volume in US and Asian session with large buying activity afterwards.?
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.PNG Size: 8 KB
Always look for reasons not to take a trade
  • #6,659
  • Apr 4, 2017 5:31am Apr 4, 2017 5:31am
Quoting Jako
Dale - why did you not look at USDCAD long 1.3385 (or thereabouts). Seems to have lots of sideways action , heavy volume in US and Asian session with large buying activity afterwards.? {image}
I can't speak for Dale, but I think that the reason is that the level was too fresh in the morning.
  • #6,660
  • Edited 8:51am Apr 4, 2017 5:51am | Edited 8:51am
Does anyone here trade XAGUSD? How is it? Does Market Profile work well with it?
Always look for reasons not to take a trade
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