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Trader Dale - daily trading levels

  • #6,761
  • Apr 7, 2017 8:05am Apr 7, 2017 8:05am
Beautiful trade#usdcad.. just touched the 1.3348 and reversed! both line were great! Thank you Trader Dale! Started trading your method this week. With my own tweaks! Thanks again!
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  • #6,762
  • Edited 8:52am Apr 7, 2017 8:13am | Edited 8:52am
Hi fellows,
what do you think about UJ 110.94?
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Edit: obsolete
  • #6,763
  • Apr 7, 2017 8:50am Apr 7, 2017 8:50am
Quoting caillo
Beautiful trade#usdcad.. just touched the 1.3348 and reversed! both line were great! Thank you Trader Dale! Started trading your method this week. With my own tweaks! Thanks again! {image}
very good!!
I saw him but I didn't traded it because of the High Impact news!
Nice that it worked for you!
You can manage risk, but you can't manage the return
  • #6,764
  • Edited 9:32am Apr 7, 2017 9:03am | Edited 9:32am
Hi everybody,

I created some simple pop-up boxes for alerting if:
-news is coming hit the market
-if we are close to an entry-level
With that you can just do the things you want to do....the pop-up will alert you. The only disadvantage: at daily basis you need to set your alerts

In MetaTrader you can create an alert and put one of the desired vb-scripts. If the alert is triggered it gives you a pop-up box.

There must be a better way for the High Impact news but for now I use this manual vb-scripts.
There also must be a better way to set the alerts but for now I use those simple vb-scripts.
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File Type: zip alerts.zip   3 KB | 244 downloads
You can manage risk, but you can't manage the return
  • #6,765
  • Apr 7, 2017 9:14am Apr 7, 2017 9:14am
Quoting Trader-Dale
Today we reached 11 winning trades in a row! All levels were published here before so I hope you guys have similar results! You can view all those trades here: RECENT TRADES (http://trader-dale.com/recent-forex-trades/).
Make it +1 though I didn't take it
  • #6,766
  • Apr 7, 2017 9:24am Apr 7, 2017 9:24am
Quoting HemDir
Hi fellows, what do you think about UJ 110.94?{image} Edit: obsolete
I wanted to give you this level as an update but after NFP decided not to trade it anymore.
  • #6,767
  • Apr 7, 2017 9:25am Apr 7, 2017 9:25am
Quoting HappyMe
Hi everybody, I created some simple pop-up boxes for alerting if: -news is coming hit the market -if we are close to an entry-level With that you can just do the things you want to do....the pop-up will alert you. The only disadvantage: at daily basis you need to set your alerts In MetaTrader you can create an alert and put one of the desired vb-scripts. If the alert is triggered it gives you a pop-up box. There must be a better way for the High Impact news but for now I use this manual vb-scripts. There also must be a better way to set...
Thanks very much mate! Very usefull tool. Thanks!
  • #6,768
  • Apr 7, 2017 9:30am Apr 7, 2017 9:30am
Quoting Trader-Dale
{quote} Thanks very much mate! Very usefull tool. Thanks!
Your welcome, well if it can help to make the alerting a little easier/relax feel free to us it
You can manage risk, but you can't manage the return
  • #6,769
  • Apr 7, 2017 1:12pm Apr 7, 2017 1:12pm
The USDJPY Sell line got touched. Did anyone trade this?
  • #6,770
  • Edited 1:49pm Apr 7, 2017 1:22pm | Edited 1:49pm
Quoting Elhemano1
The USDJPY Sell line got touched. Did anyone trade this?
it's running....

[Edit]
and check.....I believe this is number 12 in a row
You can manage risk, but you can't manage the return
  • #6,771
  • Apr 7, 2017 1:23pm Apr 7, 2017 1:23pm
Quoting Elhemano1
The USDJPY Sell line got touched. Did anyone trade this?
I just entered the position
  • #6,772
  • Apr 7, 2017 1:27pm Apr 7, 2017 1:27pm
Hello Mr. Dale,

In my opinion, successful retail trading is actually the only way for us - the 99% - to redistribute some wealth from the top to the bottom.
They make so much money simply by having a pile of money already - it's just not fair. So if we have someone like you teaching us proactively in a more or less undergroundish forum about trading (although FF is already pretty mainstream), we are very lucky.
I hope that some day I can reproduce your analysis to a similar extent.

Now a question: you are trading these 4 major pairs only because they suit you and because their forex quote is similar to the future quote, is that correct?

Cheers! Have a nice weekend y'all.
  • #6,773
  • Edited 1:48pm Apr 7, 2017 1:30pm | Edited 1:48pm
Quoting Elhemano1
The USDJPY Sell line got touched. Did anyone trade this?
Yes. It's on going...

[Edit]
Out with +10pips.
Thanks Dale
  • #6,774
  • Apr 7, 2017 2:06pm Apr 7, 2017 2:06pm
Super impressive month so far. I am curious where I can look to get a deeper understanding of the market profile and another question I have is how does the indicator that I downloaded from this thread show volume? Is it getting the data from fx? Or does it just get the data from the mt4/broker?

Again crazy impressive month thus far. Keep up the good work
  • #6,775
  • Edited 7:01pm Apr 7, 2017 6:38pm | Edited 7:01pm
Quoting ScoobyDawg
Super impressive month so far. I am curious where I can look to get a deeper understanding of the market profile and another question I have is how does the indicator that I downloaded from this thread show volume? Is it getting the data from fx? Or does it just get the data from the mt4/broker? Again crazy impressive month thus far. Keep up the good work
Hi,
I found this Market Profile Handbook published by the CBOT(Chicago Board of Trade)
I is a quite comprehensive pdf that goes from the basics of how market profiles
are build up to how to analyze them. You can find it here. (https://www.cmegroup.com/education/interactive/marketprofile/handbook.pdf)
Just remember that Market Profile was first invented for the Futures market,
but there are a lot of things that can be transferred to Forex.
Happy reading and have a great weekend all.

Friday
UC 2* 10 pips
UJ 10 pips
Thank you Dale for your continuous contributions!

BTW. does anyone know of a god mp indi for ctrader?
Failure to plan, is a plan to failure...
  • #6,776
  • Apr 8, 2017 1:37am Apr 8, 2017 1:37am
Hi folks.

I have put all the tradingview "indicator" with the right settings on the chart. But I only get this red and blue lines on my chart. No market data.

Added
VPSV
VPVR

Is it because the market is closed?

I'm PRO member at tradingview.
  • #6,777
  • Apr 8, 2017 2:38am Apr 8, 2017 2:38am
Quoting Elhemano1
Hi folks. I have put all the tradingview "indicator" with the right settings on the chart. But I only get this red and blue lines on my chart. No market data. Added VPSV VPVR Is it because the market is closed? I'm PRO member at tradingview.
Session Volume
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So many in the Commercial section want to make me rich! :o
  • #6,778
  • Apr 8, 2017 3:26pm Apr 8, 2017 3:26pm
Does limit order affect margin?

if I have a $5000 account and leverage is 100:1. Can I place 10 1 lotsize limit orders or will it be limited to 5 orders?
  • #6,779
  • Apr 8, 2017 4:58pm Apr 8, 2017 4:58pm
Quoting Elhemano1
Does limit order affect margin? if I have a $5000 account and leverage is 100:1. Can I place 10 1 lotsize limit orders or will it be limited to 5 orders?
Please use this.
http://www.myfxbook.com/forex-calculators/position-size

You shouldn't be worried about what the maximum lot size you're allowed to trade. You should use a risk % based approach. If you're risking 10% of your account per trade then I'd imagine you're margin would run out pretty fast with a 12pip stop loss. Only go with 1%-3% this way you shouldn't need to worry about margin if you're leveraged anything greater than 1:200
So many in the Commercial section want to make me rich! :o
  • #6,780
  • Apr 8, 2017 6:31pm Apr 8, 2017 6:31pm
Quoting FX-Flux
{quote} Please use this. http://www.myfxbook.com/forex-calculators/position-size You shouldn't be worried about what the maximum lot size you're allowed to trade. You should use a risk % based approach. If you're risking 10% of your account per trade then I'd imagine you're margin would run out pretty fast with a 12pip stop loss. Only go with 1%-3% this way you shouldn't need to worry about margin if you're leveraged anything greater than 1:200


$5000 * 0.02 (2%) = 100 $.

100/12 pips = 8,4 (0.84 lots)

Again. 7 limit orders risking 2% per trade with 100:1 leverage. So my question is still can you place the orders without using all the margin? Its not 10% of the account.
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