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Trader Dale - daily trading levels

  • #7,661
  • May 13, 2017 9:45am May 13, 2017 9:45am
Quoting marinecorps
May 12 Friday results in the image below. For the first week of trying out Dale's style, the overall results aren't bad. I missed some trades that were very close and turned, but missing them is better than getting SL hit from entering against my rules! 10 trades this week for +58. These are a combination of paper and real money trades. {image}
Very nice.
This week i had plenty of situations , like 2-4 per day on thursday and friday but only one per day was hit and with TP.

All rest was halted due to market info proximity [i take red and yellows +/- 30 minutes]
Does anybody ignore events sometimes?
  • #7,662
  • May 13, 2017 10:58am May 13, 2017 10:58am
Quoting marinecorps
{quote} Critique me and tell me the point with the levels that I am missing. I'm all ears for feedback.
judge and make statements :
analysis update from late night gmt1 11th May - on wicks of 2-3x more that 100 avg tick volume 0.5h candles
gu
1.2988
1.2953
1.2923a1
1.2847a
1.283
1.2514
1.2487


eu
1.0986
1.0908
1.0893a
1.0838c
1.0685

uc
1.3857
1.3785
1.3750a
1.3678a
1.3651
1.3639
1.3576
1.3545
uchf

1.0158
1.0137
1.0100c
1.0055a
1.0036c
1.0018
0.9949
0.9917
uj
114.69
114.13a
113.44
112.72
112.31
112.08
au
0.7551
0.7463
0.7395

0.7351

not updated
  • #7,663
  • May 13, 2017 11:10am May 13, 2017 11:10am
Quoting HappyMe
I made the balance of my trading from last week. In total I could added 98 pips to my account (If I traded real...) This gives me a lot of confidence that I will achieve the things I want. for the coming week this is my todo-list: 1) still demo trading 2) working on my EA 3) learning and learning and learning the MarketProfile. Last week in total I had 12 active trades: - 1 trade to SL - 11 trades to TP Well as Dale is getting 75% in the long run (half a year as he said).....Then I think this week was a exceptional result week! So yes not every...
Rly ur own ea? semi auto?
im using yrs pivot indi - try this : https://www.forexfactory.com/showthread.php?p=9698271#post9698271
  • #7,664
  • May 13, 2017 6:06pm May 13, 2017 6:06pm
Guys, I think the same level can work multiple times, but not always guaranteed.

Look at the example below same level 113.656 from Feb-17 worked 4 times (with more than 10 pips profit). Twice in March and again in May.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB
Click to Enlarge Name: Screenshot2.png Size: 43 KB
  • #7,665
  • May 14, 2017 2:33pm May 14, 2017 2:33pm
May 12th, 2017

I use a 12TP and a 12 SL for all pairs except the GBP pairs which are a 20 / 20

AUDCAD: L 1.0083 L2 1.0054 S 1.0160
AUDCHF: S .7459
AUDJPY: L 83.56 S 84.16
AUDUSD: S .7418
CADJPY L:82.24 S 82.94
EURAUD: L 1.4705
EURCAD: L 1.4911
EURJPY: 124.31
GBPAUD: L 1.7364 S 1.7522
GBPCAD: S 1.7770
GBPJPY: S1 146.60 S2 147.69
USDCAD: L 1.3670 S 1.3740
USDJPY: L 112.78 S 113.85

***Disclaimer*** Use at your own risk****
***Disclaimer 2*** I may go commercial someday when I retire and post these levels and my trend following trades on a paid website***
Plan, Prepare, Execute, Repeat
  • #7,666
  • May 14, 2017 4:57pm May 14, 2017 4:57pm
Hope you all had a good weekend!

Here are the levels I going to monitor the coming session

ps: use on own risk....I'm still learning!
Attached Image
You can manage risk, but you can't manage the return
  • #7,667
  • May 14, 2017 8:47pm May 14, 2017 8:47pm
AU short 0.74045....
Follow the flow of water in a stream
  • #7,668
  • May 14, 2017 10:17pm May 14, 2017 10:17pm
Quoting spynoza
AU short 0.74045....
UC long 1.36583
Follow the flow of water in a stream
  • #7,669
  • May 15, 2017 1:20am May 15, 2017 1:20am
Quoting HappyMe
Hope you all had a good weekend! Here are the levels I going to monitor the coming session ps: use on own risk....I'm still learning! {image}
Is this analysis done by ea or by Yourself?
au level - I think vol cluster is 20pips below
  • #7,670
  • May 15, 2017 2:06am May 15, 2017 2:06am
Quoting januszo
{quote} Is this analysis done by ea or by Yourself? au level - I think vol cluster is 20pips below
Hi analysis is done by myself. The expert is only to manage my tradelevels. That way I don't need to use pending orders. also the EA must manage trading round the News-event. Anyway...my EA isn't that ready and still in demo and developing-fase.

eg: this morning the eurJPY- trade had to be triggered and finally make a BE trade out of it.......
Insteed of that my EA messed it up and did not trade at all...in fact it saw the EURJPY-trade as a level that ended in a testing one....which means it bounced and went 8pips below the 113.39 level, I can't see this ..... mhhh need to fix that.

Anyway there is still work to for me.

The positive point.....my EURJPY level ended in a BE (and not a lost)
Attached Image
You can manage risk, but you can't manage the return
  • #7,671
  • May 15, 2017 2:12am May 15, 2017 2:12am
Quoting januszo
{quote} Is this analysis done by ea or by Yourself? au level - I think vol cluster is 20pips below
audusd... I can't see a peak of volume at 0.7350
I think the high volume area in the neighborhood is somewhere between 0.7370-80

around 0.7350 actually I think the volume is starting to be lower instead a High Volume Area, seen from now to below....

My2Cents
You can manage risk, but you can't manage the return
  • #7,672
  • May 15, 2017 2:54am May 15, 2017 2:54am
This was a peek on volume profile and not volume.use 1h 1week volume an u ll see that vol cluster.anna couling says that vol profile is a secondary tool to volume.so I use volume with high volume candles

And it is perfect when volume and volume profile coincide on some untested level.

Quoting HappyMe
{quote} audusd... I can't see a peak of volume at 0.7350 I think the high volume area in the neighborhood is somewhere between 0.7370-80 around 0.7350 actually I think the volume is starting to be lower instead a High Volume Area, seen from now to below.... My2Cents
  • #7,673
  • May 15, 2017 2:57am May 15, 2017 2:57am
Use my ea src code to check how to handlelevels.th
Ere are classes to handle news and other usefoo
Quoting HappyMe
{quote} Hi analysis is done by myself. The expert is only to manage my tradelevels. That way I don't need to use pending orders. also the EA must manage trading round the News-event. Anyway...my EA isn't that ready and still in demo and developing-fase. eg: this morning the eurJPY- trade had to be triggered and finally make a BE trade out of it....... Insteed of that my EA messed it up and did not trade at all...in fact it saw the EURJPY-trade as a level that ended in a testing one....which means it bounced and went 8pips below the 113.39 level,...
  • #7,674
  • May 15, 2017 3:10am May 15, 2017 3:10am
Quoting HappyMe
Hope you all had a good weekend! Here are the levels I going to monitor the coming session ps: use on own risk....I'm still learning! {image}
Thanks for sharing the levels. What starting time do you use for your volume/market profile indicator?
  • #7,675
  • May 15, 2017 3:34am May 15, 2017 3:34am
Quoting corinthia
{quote} Thanks for sharing the levels. What starting time do you use for your volume/market profile indicator?
For me: Open of Sydney session is start of the day-session
You can manage risk, but you can't manage the return
  • #7,676
  • May 15, 2017 3:36am May 15, 2017 3:36am
Quoting januszo
Use my ea src code to check how to handlelevels.th Ere are classes to handle news and other usefoo{quote}
I would love to....but I don't see some file-attachments in this thread from jou (user: januszo)...did I overlooked it?
You can manage risk, but you can't manage the return
  • #7,677
  • May 15, 2017 3:36am May 15, 2017 3:36am
Quoting HappyMe
{quote} For me: Open of Sydney session is start of the day-session
Thank you. Will check it out.
  • #7,678
  • May 15, 2017 4:10am May 15, 2017 4:10am
L
Quoting HappyMe
{quote} I would love to....but I don't see some file-attachments in this thread from jou (user: januszo)...did I overlooked it?
Check link from prev post or thread I be started.look at the end.
  • #7,679
  • May 15, 2017 4:19am May 15, 2017 4:19am
Quoting januszo
L {quote} Check link from prev post or thread I be started.look at the end.
Thanks!! Will check that!! Didn't noticed there was a thread about it!
You can manage risk, but you can't manage the return
  • #7,680
  • May 15, 2017 4:37am May 15, 2017 4:37am
My GBPUSD level is "Considered as tested" The entrylevel was just to short...

with a high from 1.29407 just no hit of my entrylevel of 1.2942 (10 minutes after RedNews release lock window)
After that a strong reaction downwards...



well it was a good try.....just no luck here
Attached Images
You can manage risk, but you can't manage the return
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