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Trader Dale - daily trading levels

  • #6,941
  • Apr 13, 2017 8:48am Apr 13, 2017 8:48am
Easter in the UK starts tomorrow, I know that both the US & Japan don't take Easter Friday as a holiday but if you intend leaving any orders open best make sure what your broker is doing, mine is shut all day tomorrow. Personally I'll not be trading until next Tuesday.

Happy Easter all you good traders

Cheers Ziggy
  • #6,942
  • Apr 13, 2017 8:49am Apr 13, 2017 8:49am
Quoting ziggy
Easter in the UK starts tomorrow, I know that both the US & Japan don't take Easter Friday as a holiday but if you intend leaving any orders open best make sure what your broker is doing, mine is shut all day tomorrow. Personally I'll not be trading until next Tuesday. Happy Easter all you good traders Cheers Ziggy
happy EATER! eat lots of good food
Don't Worry Be Happy
  • #6,943
  • Apr 13, 2017 8:51am Apr 13, 2017 8:51am
Quoting ziggy
taken -20 on EU, just so you know I don't only post good stuff
Hi Ziggy,
I'm wondering a bit about your postings from yesterday and this one compared to your statements about your alternative concept of the "modified" 20/20 rule. When I got it right, the latter one is defined by 20/20 and moving SL to swing high/low as soon as the current price closes below the previous one (5 min). Also your original statistics were talking about a 48% "hit ratio" of 20/20. Both made perfect sense to me and I'm applying it (at least modified). Now, yesterday you mentioned a "hit ratio" of 68% and based on the EURUSD deal here, it seems as if you did not move SL to the swing high/low.
Short answer in terms of heads-up would be greatly appreciated, .
thanks in advance...
  • #6,944
  • Apr 13, 2017 8:52am Apr 13, 2017 8:52am
Quoting ziggy
Easter in the UK starts tomorrow, I know that both the US & Japan don't take Easter Friday as a holiday but if you intend leaving any orders open best make sure what your broker is doing, mine is shut all day tomorrow. Personally I'll not be trading until next Tuesday. Happy Easter all you good traders Cheers Ziggy
Markets are closed in the US, Ziggy, even if it's not an official holiday.

http://markets.on.nytimes.com/research/markets/holidays/holidays.asp
  • #6,945
  • Apr 13, 2017 9:08am Apr 13, 2017 9:08am
Quoting HemDir
{quote} Hi Ziggy, I'm wondering a bit about your postings from yesterday and this one compared to your statements about your alternative concept of the "modified" 20/20 rule. When I got it right, the latter one is defined by 20/20 and moving SL to swing high/low as soon as the current price closes below the previous one (5 min). Also your original statistics were talking about a 48% "hit ratio" of 20/20. Both made perfect sense to me and I'm applying it (at least modified). Now, yesterday you mentioned a "hit ratio" of 68% and based on the EURUSD...
The moving of the stop loss is a way of reducing risk, usually but not always, it is an alternative approach where the main purpose is to get risk reduced - it came about because I was/am aware that so folks are taking mighty big risks with their account.

The info I posted yesterday doesn't involve moving the stop at all, hence the higher 68% strike rate - the downside is that every loss is a full 20 pips. The slope of the graph is quite consistent which is for my money the best part about it, but anyone taking big risks on their account needs to be aware of the health consequences - which is true no matter what your stop size.

Hope that helps but if you have any further questions I'm actually now off to take my mum to the quack (for any non Brits thats doctor )

Cheers Ziggy
  • #6,946
  • Apr 13, 2017 10:57am Apr 13, 2017 10:57am
Does anyone here work off a MAC? I can't manage to get the Market Profile indicator on to my MT4 platform (I'm working it through 'Wine'). Or is there another option, for instance a website with Market Profile as an indicator option?

Thanks

H
  • #6,947
  • Apr 13, 2017 12:06pm Apr 13, 2017 12:06pm
EURCAD +10, enjoy the holidays guys
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 110 KB
  • #6,948
  • Apr 13, 2017 12:14pm Apr 13, 2017 12:14pm
So DT does not have impact on
EUR.There are some wider apreadsthough...anyway
Quoting Sandmann
EURCAD +10, enjoy the holidays guys {image}
  • #6,949
  • Apr 13, 2017 12:43pm Apr 13, 2017 12:43pm
Is there a specific time when Dale updates the levels?

Also does anybody know how I stop from getting my post moderated as a new member. I put a post in the thread once before but it never showed up and I'm afraid it will happen again.
  • #6,950
  • Apr 13, 2017 12:55pm Apr 13, 2017 12:55pm
Quoting ziggy
{quote} The moving of the stop loss is a way of reducing risk, usually but not always, it is an alternative approach where the main purpose is to get risk reduced - it came about because I was/am aware that so folks are taking mighty big risks with their account. The info I posted yesterday doesn't involve moving the stop at all, hence the higher 68% strike rate - the downside is that every loss is a full 20 pips. The slope of the graph is quite consistent which is for my money the best part about it, but anyone taking big risks on their account...
Got it !
thanks and a nice Easter-weekend
  • #6,951
  • Apr 13, 2017 12:58pm Apr 13, 2017 12:58pm
Hi guys and Dale, are you going to trade AUD level 0,7569? Do you consider it still valid? There was turn 3,5pip sooner and 17pips reaction.
  • #6,952
  • Apr 13, 2017 1:41pm Apr 13, 2017 1:41pm
I don't Know. I hold my limit order. The rules only says 3 pips. Nothing about any higher pips. So I think the level are valid.
  • #6,953
  • Edited 6:44pm Apr 13, 2017 5:50pm | Edited 6:44pm
Quoting Hbvoice
Does anyone here work off a MAC? I can't manage to get the Market Profile indicator on to my MT4 platform (I'm working it through 'Wine'). Or is there another option, for instance a website with Market Profile as an indicator option? Thanks H
You've gotta
1. open Applications
2. expand (view contents) of your MT4
3. Find where the indicators are
4. Drag n drop

That method above worked for almost all my custom indi's. The mt5 profile indi is significantly nicer though. To the point that I actually use both terminals now side by side anytime Im looking at volume
  • #6,954
  • Apr 13, 2017 6:14pm Apr 13, 2017 6:14pm
Hello guys, I won't be trading tomorrow and on Monday (because of the Holidays). See you all with new levels on Tuesday!
  • #6,955
  • Apr 14, 2017 1:46am Apr 14, 2017 1:46am
Quoting demondlouis
Is there a specific time when Dale updates the levels? Also does anybody know how I stop from getting my post moderated as a new member. I put a post in the thread once before but it never showed up and I'm afraid it will happen again.
Dale usually updates his levels just before the EUR session... As for your question relating to moderating, it will be over once you get your (roughly) 10 to 12 posts published...
  • #6,956
  • Apr 14, 2017 2:56am Apr 14, 2017 2:56am
Quoting Trader-Dale
Hello guys, I won't be trading tomorrow and on Monday (because of the Holidays). See you all with new levels on Tuesday!
Have a great Easter break Dale and to you all.
Take 1 step forward, two small steps back
  • #6,957
  • Apr 17, 2017 2:39pm Apr 17, 2017 2:39pm
Hello guys there were no solid volumes traded today because of the Holiday. For this reason I won't publish new levels now. You can expect new levels tomorrow before asian session starts! Until then have a great day!
  • #6,958
  • Apr 18, 2017 2:42am Apr 18, 2017 2:42am
My plan :

TP 10 SL 12
AU. Long 0.7533
EU. Long 1.0623
Attached Image (click to enlarge)
Click to Enlarge Name: AUEU.png Size: 130 KB
Follow the flow of water in a stream
  • #6,959
  • Apr 18, 2017 3:00am Apr 18, 2017 3:00am
yesterday I di one uj hit and thissl15)
au
0.7475
0.7533
0.7647
0.7609


uc
1.3454
1.3354
1.3228

eu
1.0591
1.0572
1.0527
1.0671

uj
109.8
110.10
108.30
  • #6,960
  • Apr 18, 2017 3:04am Apr 18, 2017 3:04am
Quoting spynoza
My plan : TP 10 SL 12 AU. Long 0.7533 EU. Long 1.0623 {image}
Excellent stuff, hope they work for you. A question for you if you don't mind, EU level is below its current ranging horizontal. Do you think that when it breaks it will be a train ride? Blasting straight through that level? Remember am a new trader so keen to learn :-)
Take 1 step forward, two small steps back
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