Attachments: Trader Dale - daily trading levels

Trader Dale - daily trading levels

#7,441
May 5, 2017 6:45am May 5, 2017 6:45am

antonym
| Joined Jan 2016 | Status: Trader | 204 Posts

Quoting Sandmann

Disliked

{quote} From 0.2 to 1.3 pips during the London and NY. LMAX is my liquidity provider

Ignored

That's such a unbelievably low spread on EN. Is commission 5 eur per lot is equivalent to 0.5 pips added to the spread?

#7,442
May 5, 2017 7:19am May 5, 2017 7:19am

spynoza
| Commercial User | Joined Mar 2017 | 314 Posts

Quoting HappyMe

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{quote} Verry good....I skipped the 112,37 level because it was just hit in the last session and so already tested....anyway it worked again

Ignored

Yes I'm lucky

Follow the flow of water in a stream

#7,443
May 5, 2017 8:12am May 5, 2017 8:12am

spynoza
| Commercial User | Joined Mar 2017 | 314 Posts

Quoting spynoza

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My plan AJ : short 83.19 TP 25 SL 16

Ignored

Hit SL -16. Happy weekend....

Follow the flow of water in a stream

#7,444
May 5, 2017 8:20am May 5, 2017 8:20am

Iena
| Joined Oct 2016 | Status: Trader | 86 Posts

Quoting spynoza

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{quote} Hit SL -16. Happy weekend....

Ignored

I'm sorry....always better not to trade during red news, especially NFP..
happy week end too

#7,445
May 5, 2017 8:33am May 5, 2017 8:33am

DrBeercan
| Joined Aug 2016 | Status: Trader | 417 Posts

Quoting spynoza

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{quote} Hit SL -16. Happy weekend....

Ignored

I was watching that one, it had quite a few things going against it in my personal opinion, which is a shame. It went wild after NFP! These things happen and there will be other times. I would keep watching that level as it keeps bouncing off support just below it. So I think it will return and may work as a short.

What a week it has been! Have a good weekend all and hopefully we are all back to discussing levels on Monday.

Take 1 step forward, two small steps back

#7,446
May 5, 2017 8:33am May 5, 2017 8:33am

KimKim23
| Joined Nov 2011 | Status: Trader | 142 Posts

Quoting Iena

Disliked

{quote} I'm sorry....always better not to trade during red news, especially NFP.. happy week end too

Ignored

My level for the short was 112.590 but backed off from the trade due to NFP afternoon. The trade would have been profitable coz the reaction was about 25 pips spread inclusive.

Btw I prefer to use this profile indicator coz its lite on my computer resources.

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Attached File(s)

MarketProfile (Lite).mq4 10 KB | 404 downloads

#7,447
May 5, 2017 8:37am May 5, 2017 8:37am

Iena
| Joined Oct 2016 | Status: Trader | 86 Posts

Quoting KimKim23

Disliked

{quote} My level for the short was 112.590 but backed off from the trade due to NFP afternoon. The trade would have been profitable coz the reaction was about 25 pips spread inclusive. Btw I prefer to use this profile indicator coz its lite on my computer resources. {image} {file}

Ignored

I stayed on the sideline as well
thanks for sharing this indicator, I will try it

#7,448
May 5, 2017 9:09am May 5, 2017 9:09am

KimKim23
| Joined Nov 2011 | Status: Trader | 142 Posts

I also want to give my thanks to Dale for introducing some of us to this way of trading with market profile. I happened upon this thread sometime in late Oct last year while i was researching on Market Profile and Order Flow Analysis. It was the first time i was looking at these types of analysis seriously and I was touched by how Dale consistently posted new levels everyday (around 11am my time) and so I took interest in learning how he was coming up with the levels. I went through the material he had posted including the documents by Zippy (Many thanks to you as well) Sevan, Akift and others who contributed indicators and E.A's and also their thoughts towards understanding and improving the system.

It took quite some time to understand the methodology and I deviated from the original strategy at some point because I was trying to find my own way to use the M.profile to trade everyday. When Dale began the video series, this was the point when i fully understood how he was coming up with the levels because prior to that I could not see how he was selecting levels that were not the main P.O.C's. I would request the other traders on this thread who are disappointed by Dale's exit to go to his youtube channel and watch the video commentary on the reasoning behind each daily level he had posted for that day. This will greatly assist you to identify your own levels especially for currency pairs or other markets that Dale was not touching on.

I knew from the beginning that Dale would turn commercial, as a trader you must understand some aspect of human psychology - to know the next step in someones decision making model so that you can prepare of the outcome - so once i saw him posting his levels diligently every day, i took action and decided to learn as much as i could for the duration of time that he would share his trading levels and charts and videos. As for whether his name is Dale or not, we are all using aliases for security purposes so that's a non issue for me. However, if you are subscribing to his pro package then for sure it is best to do your due diligence and find out more about the operation..is it an organisation, what is its registration number, physical address, banking information, so that there is a paper trail in case of anything. I would advice Dale to post this on his website on the contact section just like all service firms do.

Other than that, much thanks to everyone for the knowledge and i hope we can continue to contribute our ideas on the trading levels so that we can expand the pairs and instruments traded, plus advice the newbies to the thread on where to start. I hope that Dale keeps the video commentaries he posted public so that others can watch them later because it was the game changer for me in fully understanding the concept behind his S/R levels.

Nice weekend everyone and take care of your Euro trades better not to leave them open over the weekend in case of any surprises from the French.

#7,449
May 5, 2017 9:55am May 5, 2017 9:55am

Sandmann
| Joined Mar 2013 | Status: Trader | 185 Posts

Quoting KimKim23

Disliked

I also want to give my thanks to Dale for introducing some of us to this way of trading with market profile. I happened upon this thread sometime in late Oct last year while i was researching on Market Profile and Order Flow Analysis. It was the first time i was looking at these types of analysis seriously and I was touched by how Dale consistently posted new levels everyday (around 11am my time) and so I took interest in learning how he was coming up with the levels. I went through the material he had posted including the documents by Zippy (Many...

Ignored

Great post, If I could give it more likes I would. Enjoy your weekend

#7,450
May 5, 2017 10:28am May 5, 2017 10:28am

KimKim23
| Joined Nov 2011 | Status: Trader | 142 Posts

Quoting Sandmann

Disliked

{quote} Great post, If I could give it more likes I would. Enjoy your weekend

Ignored

Thanks Sandmann, enjoy your weekend as well.

#7,451
May 5, 2017 10:39am May 5, 2017 10:39am

zonalmarking
| Joined Apr 2017 | Status: Trader | 54 Posts

Did anybody take d short from 112.75 on USDJPY.
Reasons:
1. open below yesterday's VA
2.entry from yesterday's POC+volume cluster

Attached Image

#7,452
May 5, 2017 11:33am May 5, 2017 11:33am

HappyMe
Joined Dec 2012 | Status: Trader | 1,798 Posts

Quoting HappyMe

Disliked

Last session: 2 trades were triggered from the levels I picked yesterday. 2 times I had a full TP of 10pips per trade (GBPUSD and USDJPY). Below my 2cents for the coming session....what you guys think? Did I made my homework correct?! eurusd Long 1,0890 Long 1,0931 audusd short 0,7474 gbpusd -- usdcad long 1,3726 long 1,3678 long 1,3662 usdjpy Long 112,01 112,02 Long 111,83 ps1: I make the levels....but the coming days I'm not trading because of the possible high impact news ps2: Please don't follow this levels blind...I'm still learning!!

Ignored

Lucky me....the USDCAD trade at 1,3726 did not triggered because of the Red News filter

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You can manage risk, but you can't manage the return

#7,453
May 5, 2017 12:17pm May 5, 2017 12:17pm

Iena
| Joined Oct 2016 | Status: Trader | 86 Posts

Quoting HappyMe

Disliked

{quote} Lucky me....the USDCAD trade at 1,3726 did not triggered because of the Red News filter {image}

Ignored

Good for you, you definitely dodge a bullet!
it's interesting though, FF macro calendar consider this only an orange event, yours a red one...
Looking at the reaction looks to me an important data...
where do you get it?

#7,454
May 5, 2017 1:52pm May 5, 2017 1:52pm

HappyMe
Joined Dec 2012 | Status: Trader | 1,798 Posts

Quoting Iena

Disliked

{quote} Good for you, you definitely dodge a bullet! it's interesting though, FF macro calendar consider this only an orange event, yours a red one... Looking at the reaction looks to me an important data... where do you get it?

Ignored

I always use www.myfxbook.com for the calender events

You can manage risk, but you can't manage the return

#7,455
May 5, 2017 2:30pm May 5, 2017 2:30pm

HappyMe
Joined Dec 2012 | Status: Trader | 1,798 Posts

Quoting zonalmarking

Disliked

Did anybody take d short from 112.75 on USDJPY. Reasons: 1. open below yesterday's VA 2.entry from yesterday's POC+volume cluster {image}

Ignored

No I didn't. Yesterday I hadn't I only were looking to longs on the USDJPY. POC's went higher the last days. So I was only looking for a retracement and taking a long if possible. I'm not sure if this is the normal way to go....but I think so.

Anyway a POC is always a referencepoint that could become a resistance or support (as all referencepoints can). Volume was also oke...so yes it was a good place to take a trade I think!

Maybe this was a case for an extra trade during the day.... as Dale sometimes gave (in the good oldies...

)

You can manage risk, but you can't manage the return

#7,456
May 5, 2017 2:39pm May 5, 2017 2:39pm

januszo
| Joined Jan 2016 | Status: Trader | 463 Posts

Quoting caledonia

Disliked

{quote} Anger is a strong word. Disappointment is one that reflects my feeling. I signed up to Dales web site as soon as he started it. It was quite basic but the information was interesting. I downloaded the indicators to have a look see how they worked and to see if I could also see the daily levels. Then I came on here yesterday to see he had changed the web site and there was an email telling me the same thing. So I had a look and now all information has to be payed for. It seems I joined something that is now useless unless I pay. I can understand...

Ignored

Read thread,watch videos.
It is obvious how to trade it.
It costs time,effort and money to learn it.

#7,457
May 5, 2017 2:43pm May 5, 2017 2:43pm

HappyMe
Joined Dec 2012 | Status: Trader | 1,798 Posts

Quoting Sesamstrasse

Disliked

{quote} Hi.. looks good.. I just dont understand UJ 11201 and Im not keen with Ucad 13678, priceaction YES, but the indi shows not that much volume here.. ( I prefer if both matches.. better being picky IMO ) May be Dale can enlighten us in this case ;-) Stay tuned Guido

Ignored

Hi....Bert,BertBert....grgrgrgr (gerade wie in Sesamstrasse

), You were perfect with your USDCAD observations for the 1,3678 level

The level 1,3662 was just ended in a BE

ps. as I told I'm not trading today and Monday because of the French elections!!

You can manage risk, but you can't manage the return

#7,458
May 5, 2017 2:52pm May 5, 2017 2:52pm

marinecorps
| Joined Aug 2016 | Status: Trader | 534 Posts

I didn't trade this. For one, all of the news and for two, I'm not ready to trade it yet, but have been reading through the thread and was really impressed with these 2 possible UJ trades in the last 12 hours!

Both the 5/2 VPOC and 5/4 VPOC were deadly accurate! I was paper trading the 5/3 and 5/4 VPOC. I didn't go with the 5/2 because price had already been through that level back on 5/3.

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