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Trader Dale - daily trading levels

  • #7,161
  • Apr 27, 2017 12:27pm Apr 27, 2017 12:27pm
Quoting zonalmarking
Ziggy, Morning good sir, judging by the Price action it seems traders are still trying to figure out whether Draghi was actually hawkish or dovish. if 1.0855 area becomes LOD for today i will pretty much confirm that big money is trying super hard to defend this area
like all bankers (well most!) he has to be very careful what he says, it's the undertones that traders try and read. It certainly has been defended but you have to think at some point it will give way and speed thru that gap as markets hate a void, they need to know what interest is in that void to lock away for future reference.

I'm sure there are many traders who can judge what is going on and profit from it, I managed a few scalps but have learnt not to be greedy when Mario is speaking as things can and do turn very quickly. We could be in this range above the gap for some time, but I'd prefer not to trade the Euro now until it makes a strong move either north or south. It's a bit cloak & dagger isn't it
  • #7,162
  • Apr 27, 2017 2:13pm Apr 27, 2017 2:13pm
Ziggy have you tried using this strategy with commodities or indices?
  • #7,163
  • Apr 27, 2017 2:16pm Apr 27, 2017 2:16pm
GBPUSD, we have a slight breakout from that rotation and today's profile seems like a P profile, possible longs?
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  • #7,164
  • Apr 27, 2017 2:46pm Apr 27, 2017 2:46pm
damn it! missed a short on Aussie that i had marked because I was afk
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  • #7,165
  • Apr 27, 2017 4:01pm Apr 27, 2017 4:01pm
Hello guys, new levels for 28.4. are already at my website:
http://trader-dale.com/daily-levels/
  • #7,166
  • Apr 27, 2017 4:14pm Apr 27, 2017 4:14pm
Damn. Level closed at +1

im getting really sick of missing out because of the spread. It widened to about 6 pips when price hit its lowest point.
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So many in the Commercial section want to make me rich! :o
  • #7,167
  • Apr 27, 2017 4:32pm Apr 27, 2017 4:32pm
Quoting Trader-Dale
Hello guys, new levels for 28.4. are already at my website: http://trader-dale.com/daily-levels/
Nice Website Dale.
Great job!!!

Quoting ziggy
if you pop over to Dales web site you'll find his levels have bee posted
Ziggy, Dale
If you guys connect the EA directly to the site - to download the daily levels - that will be the ultimate dream of a lazy trader
Beware of robber banks (RB), bad advisors.
  • #7,168
  • Apr 27, 2017 5:49pm Apr 27, 2017 5:49pm
Quoting Sandmann
{quote} Whoooow, hold your horses Youssef. I haven't traded usdjpy. Hence what you wrote are just your flawed thoughts. No need to get salty. I was just referring to your statement that the thread is quiet = no one took the trade. --> "(Not sure why no one took the USDJPY level yesterday. now +30 (from 111.00))" <-- maybe instead of writing this you can share why you traded the level and maybe paste a screen shot? just a thought I'll try to explain why I would NOT trade your level. The only advantage your level has FOR ME is that it's ARN. The only...
Hi Sandmann,

Could you show a graph about the 110.93 level? And what do you mean by "the volume profile structure was not convincing"?

Thanks.
  • #7,169
  • Apr 28, 2017 1:16am Apr 28, 2017 1:16am
Quoting antonym
{quote} Hi Sandmann, Could you show a graph about the 110.93 level? And what do you mean by "the volume profile structure was not convincing"? Thanks.
I did not trade this, but here's how I looked at this 2 days ago. Hope it helps
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  • #7,170
  • Apr 28, 2017 1:47am Apr 28, 2017 1:47am
Quoting lemercenaire
{quote} Hi. As an aside, may I ask how you get your CCI to look like that (the colour changed tips)?
I use a doctored one. The idea with it apart from the blue/pink flashes when overbought/oversold is that one can smooth out the period line by adjusting "SmoothLength" in the properties.

Posted below. I've compiled it to the same inputs as mine but you can change the period and "smoothlength" as you wish. You need to add the 0 level manually.

I've also posted one with alerts added so if you have a VPS you can have it send you email or push alerts when the period line crosses the zone line.

I use it mainly on the 15 min chart. It's very powerful for spotting great divergence set-ups. There was one or two yesterday. One that really stood out was GBPNZD and I've posted the chart as an example.
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 cci - nrp & mtf advanced.mq4   13 KB | 246 downloads
File Type: mq4 CCI - Nrp - Mtf Advanced Alerts.mq4   15 KB | 270 downloads
  • #7,171
  • Apr 28, 2017 2:18am Apr 28, 2017 2:18am
Quoting Not-KPMG
{quote} Nice Website Dale. Great job!!! {quote} Ziggy, Dale If you guys connect the EA directly to the site - to download the daily levels - that will be the ultimate dream of a lazy trader
If his levels are written in text then yeah. otherwise much more tricky haha.
So many in the Commercial section want to make me rich! :o
  • #7,172
  • Apr 28, 2017 2:34am Apr 28, 2017 2:34am
Quoting jmtini
{quote} I use a doctored one. The idea with it apart from the blue/pink flashes when overbought/oversold is that one can smooth out the period line by adjusting "SmoothLength" in the properties. Posted below. I've compiled it to the same inputs as mine but you can change the period and "smoothlength" as you wish. You need to add the 0 level manually. I've also posted one with alerts added so if you have a VPS you can have it send you email or push alerts when the period line crosses the zone line. I use it mainly on the 15 min chart. It's very powerful...
Thanks so much for that - you're a star .
  • #7,173
  • Apr 28, 2017 4:27am Apr 28, 2017 4:27am
Quoting ziggy
{quote} although it didn't actually test the consolidation/vloume location I am personally considering it tested ps dont forget the ECB rate announcement and more important the conference at 1:30 UK time - if Mario coughs don't expect any levels on EU to hold
so no levels for eurusd today??
  • #7,174
  • Apr 28, 2017 4:39am Apr 28, 2017 4:39am
Can anyone tell me why the USDJPY level at 111.48? I see is near to VAH (D2) but i donīt understand why not choose 111.53 which worked yesterday. (Iīm tryng to understand Market Profile).

Thanks
  • #7,175
  • Apr 28, 2017 4:47am Apr 28, 2017 4:47am
Quoting tbarper
Can anyone tell me why the USDJPY level at 111.48? I see is near to VAH (D2) but i dont understand why not choose 111.53 which worked yesterday. (Im tryng to understand Market Profile). Thanks
do you have futures chart with market profile??
  • #7,176
  • Edited 6:10am Apr 28, 2017 5:23am | Edited 6:10am
Quoting Neo1
{quote} do you have futures chart with market profile??
This one would run away if it would be 111.53. It turned around 111.524 at Oanda and 111.522(3) at FXCM. So sweet spot for today would be 111.52.

Maybe good argument without looking at Volume profile would be that this one is D Profile resistance - see pic.
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  • #7,177
  • Apr 28, 2017 5:38am Apr 28, 2017 5:38am
Quoting azm
{quote} This one would run away if it would be 111.53. It turned around 111.524 at Oanda and 111.522(3) at FXCM. So sweet spot for today would be 111.52. Maybe good argument without looking at Market profile would be that this one is D Profile resistance - see pic. {image}
this is spot chart not a future chart
  • #7,178
  • Apr 28, 2017 5:41am Apr 28, 2017 5:41am
Quoting tbarper
Can anyone tell me why the USDJPY level at 111.48? I see is near to VAH (D2) but i dont understand why not choose 111.53 which worked yesterday. (Im tryng to understand Market Profile). Thanks
It's not a level that I can see without using the futures data, but this is how I expect it came about
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  • #7,179
  • Apr 28, 2017 5:47am Apr 28, 2017 5:47am
Looks like I missed a few opportunities this week. As had a heavy week in my day job so couldn't watch the market. Hope you all got a good return for those who did venture.

Be aware that Monday is a UK bank holiday and have a great weekend all.
Take 1 step forward, two small steps back
  • #7,180
  • Apr 28, 2017 5:54am Apr 28, 2017 5:54am
Quoting ziggy
{quote} It's not a level that I can see without using the futures data, but this is how I expect it came about {image}
Ok Ziggy. If was because of using Order Flow I understand. I suppose Dale is using all this information together. For now the level is working.
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