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Trader Dale - daily trading levels

  • #7,501
  • May 8, 2017 3:14pm May 8, 2017 3:14pm
Quoting FX-Flux
{quote} What I see {image} {image} {image}
in this case futures give a better idea of the volume, on the mt4 indicator I had another feeling go the volume in that area.
I am on the USDCAD short as well....
  • #7,502
  • May 8, 2017 3:15pm May 8, 2017 3:15pm
Hello my friends! Here is my today's trading: http://trader-dale.com/recent-forex-trades/
2 intraday levels profits and 2 swing trade profits! Not a single losing trade.
  • #7,503
  • May 8, 2017 3:21pm May 8, 2017 3:21pm
Quoting KimKim23
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...
Hello mate, thanks for a nice post. I am glad that my videos helped you so much. I really think it is a good and free educational material on how to use MP. I won't delete those videos. They will stay at my youtube channel.
Have a nice day
  • #7,504
  • Edited May 9, 2017 1:57am May 8, 2017 3:27pm | Edited May 9, 2017 1:57am
Quoting KhalidY
{quote} Hello HappyMe, I was wondering where did you get that market profile tool? Is it better as compared to use the volume profile from trading view? Thanks Khalid Y
Hi Khalid....better not better...?! I'm just used to the one I'm using. The only thing I observe is that the POC between this one and the one Dale is using is a little different. But I believe that is because the one Dale is using is volume based and the one I use is Price or TPO based. In the numbers on the left of the profile I use the volume displayed.

Well besides that the one I use has some advanced extra bells eg. splitting the profile in the different session...anyway the question is do we use that in this case.....?!

I found the indicator ad Lock's thread. https://www.forexfactory.com/showthr...93#post9616493 (https://www.forexfactory.com/showthread.php?p=9616493#post9616493)
You can manage risk, but you can't manage the return
  • #7,505
  • May 8, 2017 3:28pm May 8, 2017 3:28pm
[quote=DrBeercan;9843143]{quote} Just on the EU, this is what I see.


I agree with you, it's more likely it gets down than up...

EURJPY is moving up, I will not trade this level but I will keep an eye on it to see how it will react..
  • #7,506
  • May 8, 2017 3:44pm May 8, 2017 3:44pm
Here's my paper trading results for today. Assuming I could be in front of the computer for all levels that I had, here you go.

4 trades, 2 winners, 1 loss, 1 BE (winner i guess?)

3 more that would be winners, but price turned and reacted within 0 - 2 pips so I didn't take those. Better to miss them than take a chance!

5 levels still open where price has not reached yet.
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  • #7,507
  • May 8, 2017 3:56pm May 8, 2017 3:56pm
Quoting Iena
Just on the EU, this is what I see. I agree with you, it's more likely it gets down than up... EURJPY is moving up, I will not trade this level but I will keep an eye on it to see how it will react..
Excellent, good luck if you do decide to take the trade.
Take 1 step forward, two small steps back
  • #7,508
  • May 8, 2017 4:04pm May 8, 2017 4:04pm
Quoting Iena
{quote} in this case futures give a better idea of the volume, on the mt4 indicator I had another feeling go the volume in that area. I am on the USDCAD short as well....
Totally agree on that. USDCAD down to 13600 area I hope

EURCAD short too continuing tomorrow
  • #7,509
  • May 8, 2017 4:15pm May 8, 2017 4:15pm
Here are the levels I pcked for the coming session:


ps: you see this is screenshot from my chart....please don't ask for getting this EA....I'm still working on it, it is just showing and monitoring the value's and news at the moment....but there is still a lot of work to do

Indeed there is an EA published in this thread...but I don't like it because I don't now the code...that's to tricky for me...anyway maybe it's just save to use that one......who knows.... ?!
Attached Image
You can manage risk, but you can't manage the return
  • #7,510
  • May 8, 2017 9:17pm May 8, 2017 9:17pm
Levels I'm watching for the next day.
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  • #7,511
  • May 9, 2017 3:10am May 9, 2017 3:10am
Quoting HappyMe
Here are the levels I pcked for the coming session: ps: you see this is screenshot from my chart....please don't ask for getting this EA....I'm still working on it, it is just showing and monitoring the value's and news at the moment....but there is still a lot of work to do Indeed there is an EA published in this thread...but I don't like it because I don't now the code...that's to tricky for me...anyway maybe it's just save to use that one......who knows.... ?! {image}
For AUDUSD I added the following level:

Short: 0.7406 (I oversaw this value yesterday evening....)
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You can manage risk, but you can't manage the return
  • #7,512
  • May 9, 2017 3:15am May 9, 2017 3:15am
Quoting marinecorps
Levels I'm watching for the next day. {image}
Hi, Which RedNews was that?

I only have this RedNews events for the AUDUSD (from myfxbook)
AUD: Budget Release
USD: FOMC Member Speech

Time: GMT+1 (if I'm right)
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You can manage risk, but you can't manage the return
  • #7,513
  • May 9, 2017 3:25am May 9, 2017 3:25am
Quoting HappyMe
{quote} Hi, Which RedNews was that? I only have this RedNews events for the AUDUSD (from myfxbook) AUD: Budget Release USD: FOMC Member Speech Time: GMT+1 (if I'm right) {image}
I think he talks about this night red news, Australia Retail sales
  • #7,514
  • May 9, 2017 3:32am May 9, 2017 3:32am
AU long 9.734 futures show larger volume than spot
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So many in the Commercial section want to make me rich! :o
  • #7,515
  • May 9, 2017 3:47am May 9, 2017 3:47am
Quoting Iena
{quote} I think he talks about this night red news, Australia Retail sales
Ah oke this one then... for myfxbook an yellow one. Last days we also had somewhere a difference I remember.

That raises a question: What is the correct impact? Yellow or Red.... What is the best/correct list...or is there not something like that?
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You can manage risk, but you can't manage the return
  • #7,516
  • May 9, 2017 4:38am May 9, 2017 4:38am
Some new levels I'm looking at today

AUDUSD short @ 0.7391
USDCAD long @ 1.3651
USDJPY long @ 113.26 @ 113.075 short @114.57 (very old Dale's level)
  • #7,517
  • May 9, 2017 5:53am May 9, 2017 5:53am
Quoting Iena
Some new levels I'm looking at today AUDUSD short @ 0.7391 USDCAD long @ 1.3651 USDJPY long @ 113.26 @ 113.075 short @114.57 (very old Dale's level)
Risiko birgt immer auch die Chance.
  • #7,518
  • May 9, 2017 6:00am May 9, 2017 6:00am
Quoting FX-Flux
AU long 9.734 futures show larger volume than spot {image}
+10
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So many in the Commercial section want to make me rich! :o
  • #7,519
  • May 9, 2017 6:14am May 9, 2017 6:14am
Quoting HappyMe
{quote} For AUDUSD I added the following level: Short: 0.7406 (I oversaw this value yesterday evening....) {image}
GBPUSD.... longlevel 1.2922 was a full TP (anyway the minus run went untill 9pips) But oke....this was a good one
You can manage risk, but you can't manage the return
  • #7,520
  • May 9, 2017 6:35am May 9, 2017 6:35am
Quoting Iena
{quote} I think he talks about this night red news, Australia Retail sales
yes- that's the one that shows in the forexfactory calendar
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