Trader Dale - daily trading levels | Page 365 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

IkonFX Viking Trader or Pfgbest Viking Trader? 2 replies

Attachments: Trader Dale - daily trading levels
Exit Attachments

Trader Dale - daily trading levels

  • #7,281
  • May 2, 2017 12:28pm May 2, 2017 12:28pm
Similar level for USDJPY 111.88
But I'm considering to go a little bit lower at yesterday POC at 111.81, any thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30.jpg Size: 409 KB
  • #7,282
  • May 2, 2017 12:37pm May 2, 2017 12:37pm
Quoting ziggy
{quote} I personally cant say I'm keen on the 1.3670-1.3680 zone, it is certainly true that price moved rapidly away from this location, but the volume cluster itself was formed in the Asian session, and price went down from that cluster, so for me the move started from 1.3660-1.3662, hopefully the screen shot shows what I'm saying. I don't have access to the orderflow so there may be compelling reasons for the 1.3674/1.3679 level but I don't believe that volume cluster resulted in the up move. {image}
If you not familiar with fade the extreme there you go
  • #7,283
  • May 2, 2017 12:38pm May 2, 2017 12:38pm
One more thing Dale,

Next time if you wanted to started a commercial website, please don't make those fake testimonials because they only worked like ten years ago. I think people can smell the snake oil cooking miles away now after all those ebooks sellers using all those bullshit testimonials.

Also, did sevan really approve of you using the EA and claim as your own? Gosh, this is really disappointing.
  • #7,284
  • May 2, 2017 12:44pm May 2, 2017 12:44pm
Quoting CrocodileRex
you can't purely trade this method and be a millionaire.
That applies to basically every system / method.
  • #7,285
  • May 2, 2017 12:46pm May 2, 2017 12:46pm
Quoting Sandmann
USDCAD long @ 1.3709ish {image}
Never could a level as the method is used here....because the levels are always countertrend....

anyway...for a break strategy it would be a nice level....it broke a session high from 28-04-2017 at 1,3797...MarketProfile is doing his job here!!
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 37 KB
You can manage risk, but you can't manage the return
  • #7,286
  • May 2, 2017 12:57pm May 2, 2017 12:57pm
Quoting Sandmann
USDCAD long @ 1.3709ish {image}
It's tested now...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB
  • #7,287
  • May 2, 2017 1:01pm May 2, 2017 1:01pm
Quoting ziggy
{quote} I personally cant say I'm keen on the 1.3670-1.3680 zone, it is certainly true that price moved rapidly away from this location, but the volume cluster itself was formed in the Asian session, and price went down from that cluster, so for me the move started from 1.3660-1.3662, hopefully the screen shot shows what I'm saying. I don't have access to the orderflow so there may be compelling reasons for the 1.3674/1.3679 level but I don't believe that volume cluster resulted in the up move. {image}
yes, I`m with you on this one. It was a textbook breakout, but I would not trade it. Was just checking the level that Brink brought up and could not see anything @ 1.3674 due to different broker / different volume. Wanted to jump on 1.3709 but that's tested now... on to the next one
  • #7,288
  • May 2, 2017 1:06pm May 2, 2017 1:06pm
Quoting Iena
Similar level for USDJPY 111.88 But I'm considering to go a little bit lower at yesterday POC at 111.81, any thoughts? {image}
111.875 is where I`m going to buy
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
  • #7,289
  • May 2, 2017 1:13pm May 2, 2017 1:13pm
Quoting Sandmann
{quote} It's tested now... {image}
No it's not tested yet because your level is invalid. The volume formed does not have enough strength and your volume profile is on today's and currently running. They are not "fixed" yet and might change anytime. Only trade high volume areas.

Here's a tip, if you want to trade today's volume profile, try finding the ones with high volumes so that price will bounce from there and going with the flow of current strength. Here, i attach one example for nzd/usd. This volume area is screaming at you to take notice.

And yes, i am still disappointed with dale. You shouldn't fool people like this.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad 30min 5-3.png Size: 104 KB
Click to Enlarge Name: nzdusd30min 5-3.png Size: 86 KB
  • #7,290
  • May 2, 2017 1:16pm May 2, 2017 1:16pm
Quoting Sandmann
{quote} It's tested now... {image}
you mentioned it as a rotation level......also in that case...there isn't any POC or big volume at that level.......or did I missed something?

the only level what is mentioned as a reference here is the mid of the current session... 1,37036 at the moment I write this...
You can manage risk, but you can't manage the return
  • #7,291
  • May 2, 2017 1:20pm May 2, 2017 1:20pm
Quoting Sandmann
{quote} 111.875 is where I`m going to buy {image}
Thanks Sandmann
  • #7,292
  • May 2, 2017 1:22pm May 2, 2017 1:22pm
Quoting Sandmann
{quote} looks good as well. But it shows as 1.3679 in fxcm, Oanda and forex.com. Also it might be a good place for a bounce off the previous range. {image}
1,3676 looks as the VAH of the last session.... but I don't think we get that level the coming session.... I don't say we do not see a reaction here! I just think there is a better valid level at the moment.

For the coming sesion I would more look to the 1,3662 (is the current POC also with biggest volume)

my 2cents
You can manage risk, but you can't manage the return
  • #7,293
  • May 2, 2017 1:33pm May 2, 2017 1:33pm
UC was damn close.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-05-02 at 19.27.49.png Size: 174 KB
So many in the Commercial section want to make me rich! :o
  • #7,294
  • May 2, 2017 1:35pm May 2, 2017 1:35pm
Quoting HappyMe
{quote} 1,3676 looks as the VAH of the last session.... but I don't think we get that level the coming session.... I don't say we do not see a reaction here! I just think there is a better valid level at the moment. For the coming sesion I would more look to the 1,3662 (is the current POC also with biggest volume) my 2cents
I have to correct this!!
1,3679 is I think oke...but be carefull...the VAH above is at the moment around 1,3688 as another referencepoint...this one could be to short with a profit of 10pips...
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 33 KB
You can manage risk, but you can't manage the return
  • #7,295
  • May 2, 2017 1:36pm May 2, 2017 1:36pm
Quoting CrocodileRex
{quote} No it's not tested yet because your level is invalid. The volume formed does not have enough strength and your volume profile is on today's and currently running. They are not "fixed" yet and might change anytime. Only trade high volume areas. Here's a tip, if you want to trade today's volume profile, try finding the ones with high volumes so that price will bounce from there and going with the flow of current strength. Here, i attach one example for nzd/usd. This volume area is screaming at you to take notice. And yes, i am still disappointed...
Depends on how you look at things. In my opinion it is a level and a pretty viable one. And as we can see the price reacted to it pretty good in my books. Tested the level by 2 pips. If the upmove will continue this level might be a turning point. As i said the level is tested now
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 68 KB
  • #7,296
  • May 2, 2017 1:42pm May 2, 2017 1:42pm
Quoting CrocodileRex
Been following since the beginning. Saw this coming since he started the website and gradually improving the designs. I was commenting a lot and thought he was genuine until he started the website then my suspicion raised tremendously. Subscribed for 4 months tradingview pro for the volume profile. Didn't help much. I have compared mine to dale's level even before he started the videos. I got similar levels. Sorry to say this but it isn't much different than those fibo, s/r, pivot confluence. It might be another trick in the sleeve but no, you can't...
well....oke...maybe try to find the levels ourselves!?....then we can do it by ourselves....that would be thrilling or?
The things Dale said and gave....combined with a selfstudy could give everyone some boosts to expand your skills.

well that's my view ofcourse.... come-on.....give it a try
You can manage risk, but you can't manage the return
  • #7,297
  • May 2, 2017 1:49pm May 2, 2017 1:49pm
Quoting Iena
Similar level for USDJPY 111.88 But I'm considering to go a little bit lower at yesterday POC at 111.81, any thoughts? {image}
That's a good one....!!
Well in my view....if a level is taken out it is not that valid anymore. In this case the POC at 111,82 (in my case) is already taken out.
Then the 111,88 would be a better level (that's also the VAH for yesterday session and probably todays session, both reference points...)
You can manage risk, but you can't manage the return
  • #7,298
  • May 2, 2017 1:54pm May 2, 2017 1:54pm
Quoting CrocodileRex
One more thing Dale, Next time if you wanted to started a commercial website, please don't make those fake testimonials because they only worked like ten years ago. I think people can smell the snake oil cooking miles away now after all those ebooks sellers using all those bullshit testimonials. Also, did sevan really approve of you using the EA and claim as your own? Gosh, this is really disappointing.
I understand you are disappointed. But really the marketprofile is a good thing...it worked 10 years ago and still now.
It has just to do with auction.....and known reference points. the local timeframe participants just trade known reference points.... that can give you an edge of the market. That's all what Dale is doing!

I would say again try to study the MarketProfile (eg. google for the book: Mind over Markets)... your view about the market would change tremendously...guaranteed!
You can manage risk, but you can't manage the return
  • #7,299
  • May 2, 2017 1:57pm May 2, 2017 1:57pm
Quoting Sandmann
{quote} Depends on how you look at things. In my opinion it is a level and a pretty viable one. And as we can see the price reacted to it pretty good in my books. Tested the level by 2 pips. If the upmove will continue this level might be a turning point. As i said the level is tested now {image}
exactly. depends on your view and timeframe/style how you want to trade that level. I found this one as well and I traded it twice with 8.x pips profit. there was a strong activity after a long rotation. that means something and it can't be ignored. why not go with the initial activity after the rotation?
  • #7,300
  • May 2, 2017 1:58pm May 2, 2017 1:58pm
Quoting CrocodileRex
{quote} No it's not tested yet because your level is invalid. The volume formed does not have enough strength and your volume profile is on today's and currently running. They are not "fixed" yet and might change anytime. Only trade high volume areas. Here's a tip, if you want to trade today's volume profile, try finding the ones with high volumes so that price will bounce from there and going with the flow of current strength. Here, i attach one example for nzd/usd. This volume area is screaming at you to take notice. And yes, i am still disappointed...

Oops.....I'm sorry, I'm taking my words back.....

You do understand the marketprofile and try to get the levels...... perfect I say!!

ps. well ofcourse I feel and see your point!!
You can manage risk, but you can't manage the return
1 trader viewing now