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Trader Dale - daily trading levels

  • #7,741
  • May 18, 2017 12:39am May 18, 2017 12:39am
Quoting HappyMe
None of my levels from yesterday were triggered Here are my levels for the next session. ps: Don't follow my levels blind, I'm still learning!! {image}
That's OK better not to have been in a trade then go seeking for one. During the spring/summer months there could be a bit of a gap between a level forming and it being hit. In the autumn winter months the levels were being hit almost every day.
Take 1 step forward, two small steps back
  • #7,742
  • Edited 2:40am May 18, 2017 12:43am | Edited 2:40am
currently in a Short AU @74546
Edit: stopped out at BE +1 seems to be sitting on top of a previous demand zone. +1 is better than a -15! Onto next one.
Take 1 step forward, two small steps back
  • #7,743
  • Edited 5:10am May 18, 2017 1:57am | Edited 5:10am
Quoting HappyMe
None of my levels from yesterday were triggered Here are my levels for the next session. ps: Don't follow my levels blind, I'm still learning!! {image}
Well welll relative quick trades... on GBPUSD and USDJPY both ended with a full TP


Still have to work on my EA... GBPUSD worked well...
USDJPY gave me an "ordersend failed with error" => Invalid price....have to look at that!!
it seems I only have ordersend problems with USDJPY...strange it is the same sub-routine...anyway......hope I can fix that today....
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You can manage risk, but you can't manage the return
  • #7,744
  • May 18, 2017 2:26am May 18, 2017 2:26am
Quoting swingtrade65
{quote} Both...but mainly because it identifies the areas for the entire visible range on your charts...sort of a consolidation of all of the session profiles The consolidated view really identifies the big volume areas and other nuances not seen on the session profiles {image}
How far do you recommend for the VPVR chart to be? how many days/hours/etc should i have on chart open for looking, i hope you understand me :S ? in the example im quoting from you, you are showing 4 days in a 15min chart..
  • #7,745
  • May 18, 2017 2:38am May 18, 2017 2:38am
Quoting HappyMe
{quote} Well welll relative quick trades... on GBPUSD and USDJPY both ended with a full TP Still have to work on my EA... GBPUSD worked well... USDJPY gave me an "ordersend failed with error" => Invalid price....have to look at that!! it seems I only have ordersend problems with USDJPY...strange it is the same sub-routine...anyway......hope I can fix that today.... {image} {image} {image}
Excellent news, are you happy to post your results? You have had great success. Might spur others on who are following this forum :-)
Take 1 step forward, two small steps back
  • #7,746
  • Edited 4:36am May 18, 2017 4:11am | Edited 4:36am
Quoting HappyMe
{quote} Well welll relative quick trades... on GBPUSD and USDJPY both ended with a full TP Still have to work on my EA... GBPUSD worked well... USDJPY gave me an "ordersend failed with error" => Invalid price....have to look at that!! it seems I only have ordersend problems with USDJPY...strange it is the same sub-routine...anyway......hope I can fix that today.... {image} {image} {image}
Also an USDCAD level (1.3647) was activated.

It didn't get to my TP for just 0.4pips = 0.4pips and finally it was a BE.

Edit: I looked again to the price action (16/05 at 14:00 (GMT+3, M30 charts) on this level....but the candle open of this level (where the price action was at the highest level in this area) was 1.3649 insteed of 1.3647 => in that case it would be a wonderfull trade. Anyway I don't now if this volume, price action is that precise....probably not.... anyway it is a thing to monitor I think!
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You can manage risk, but you can't manage the return
  • #7,747
  • Edited 7:35am May 18, 2017 4:15am | Edited 7:35am
Quoting DrBeercan
{quote} Excellent news, are you happy to post your results? You have had great success. Might spur others on who are following this forum :-)
Well Why not post it... success or no success ...does not matter in my eyes. We just want to see if this thing can work...or....?! The only thing we all want to know is .....startlevels and later what is/was the result...!

I want to invite everyone to do the same as me.... in the evening publishing her/his tradelevels. And the day after publishing the results...why not

Besides that...we want to learn from eachother.... and yes it looks oke what I'm doing at the moment..... But I have to say it needs a lot of discipline every evening again... late

Anyway I'm still demoing and for now I'm testing my EA (need also to program some things) and need to find bugs....

Without correct EA no trading for real for me...
You can manage risk, but you can't manage the return
  • #7,748
  • May 18, 2017 4:55am May 18, 2017 4:55am
Quoting HappyMe
{quote} Also an USDCAD level (1.3647) was activated. It didn't get to my TP for just 0.4pips = 0.4pips and finally it was a BE. Edit: I looked again to the price action (16/05 at 14:00 (GMT+3, M30 charts) on this level....but the candle open of this level (where the price action was at the highest level in this area) was 1.3649 insteed of 1.3647 => in that case it would be a wonderfull trade. Anyway I don't now if this volume, price action is that precise....probably not.... anyway it is a thing to monitor I think! {image} {image}...
The EURUSD level was not triggered with a distance of 0,6pips
after that it bounce > 8pips => considered as tested.


damm... if it was triggered it would be again a wonderful trade.... mhhh...but it wasn't triggered...
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You can manage risk, but you can't manage the return
  • #7,749
  • May 18, 2017 5:17am May 18, 2017 5:17am
Quoting HappyMe
{quote} The EURUSD level was not triggered with a distance of 0,6pips after that it bounce > 8pips => considered as tested. damm... if it was triggered it would be again a wonderful trade.... mhhh...but it wasn't triggered... {image} {image}
Yes, not triggered. It was a good reaction though.
It might work again in the future.
  • #7,750
  • May 18, 2017 6:12am May 18, 2017 6:12am
Quoting fxdude1
{quote} Yes, not triggered. It was a good reaction though. It might work again in the future.
I'm not that sure....I think reaction last time was at 1.1105 (within High Volume area) now the reaction was at 1.1107 but without volume....
Indeed the price 1.1105 before it is broken there could be a change...

In my opinion it is tested and with that the probability for a reaction is just lower as before.... more we cant say I'm afraid....
If the probability is lower would it then be a nice entrypoint for next time or maybe spotting a new, not tested one as eg. the one below which has a higher probability(?)....1.1087-93... in my opinion.

I'm never look to the current running profile (for spotting High Volume and High TPOs...) until the session is closed!
You can manage risk, but you can't manage the return
  • #7,751
  • May 18, 2017 8:01am May 18, 2017 8:01am
I changed my EURUSD level from 1.1075 to 1.1090
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You can manage risk, but you can't manage the return
  • #7,752
  • May 18, 2017 8:04am May 18, 2017 8:04am
I don't really trade the Asia or first half session of Europe, but here are all of my price alerts that triggered overnight while I was sleeping. I still track them just to see how the levels perform. A total of 10 opportunities with some near misses, but overall, a set and forget strategy would have worked out nice last night for a total of +50 for all trades triggered. Notes are on the screenshots.
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  • #7,753
  • May 18, 2017 8:27am May 18, 2017 8:27am
Quoting fxdude1
{quote} Yes, not triggered. It was a good reaction though. It might work again in the future.
You where right!! could have worked out
You can manage risk, but you can't manage the return
  • #7,754
  • May 18, 2017 9:38am May 18, 2017 9:38am
Quoting HappyMe
{quote} You where right!! could have worked out
Yeah, it worked , shame I didn't rearm it, not near my pc.:-)
  • #7,755
  • May 18, 2017 9:40am May 18, 2017 9:40am
Quoting fxdude1
{quote} Yeah, it worked , shame I didn't rearm it, not near my pc.:-)
Seems like good level to keep, the bulls defending it quite well.
  • #7,756
  • May 18, 2017 9:48am May 18, 2017 9:48am
heres what it looks like trading yesterdays profile for today trade setups HVN stands for high volume nodes
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  • #7,757
  • May 18, 2017 11:05am May 18, 2017 11:05am
Quoting Divergence
heres what it looks like trading yesterdays profile for today trade setups HVN stands for high volume nodes {image}
Nice 30 minutes of trading and the day could be done i suppose!
  • #7,758
  • May 18, 2017 12:51pm May 18, 2017 12:51pm
Quoting HappyMe
{quote} The EURUSD level was not triggered with a distance of 0,6pips after that it bounce > 8pips => considered as tested. damm... if it was triggered it would be again a wonderful trade.... mhhh...but it wasn't triggered... {image} {image}
And then there was GBPUSD....ugh..... that's a full SL 12pips! Chips....happens


the good thing here is that the EA worked perfect made a trade...and was set the SL and TP corrrect. That means the change I made today worked perfectly
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You can manage risk, but you can't manage the return
  • #7,759
  • May 18, 2017 1:45pm May 18, 2017 1:45pm
Quoting HappyMe
I changed my EURUSD level from 1.1075 to 1.1090 {image}
Well 1.1090 on the EURUSD was a bad level.....I must never do that again....change a value during the day!!

Yesterday evening I had the 1.1075 and changed it today towards 1.1090 => bad decision 12 pips SL was hit.
You can manage risk, but you can't manage the return
  • #7,760
  • May 18, 2017 2:35pm May 18, 2017 2:35pm
Quoting HappyMe
{quote} Well 1.1090 on the EURUSD was a bad level.....I must never do that again....change a value during the day!! Yesterday evening I had the 1.1075 and changed it today towards 1.1090 => bad decision 12 pips SL was hit.
That's a shame, might I suggest, I use a strength meter and a Supply and Demand zones to tell me if I am heading in the right direction. Allows me to widen my SL and TP... but when I chose the right level and not making a snap view whilst at work :-( The few times I have had time to do this at home has always created great results. Haven't posted them as am not very consistent in recording my trades. It might be worth a view and give you that second edge? Though I think from your posts you are trying to generate an EA to do the work for you?
Take 1 step forward, two small steps back
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