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Trader Dale - daily trading levels

  • #7,901
  • May 25, 2017 7:17am May 25, 2017 7:17am
Quoting marinecorps
My take on the pre-market NQ. Just have to sit back and watch and see how it plays out. {image}
when we open above all time highs we only look back when price has excided yesterdays profile which it didn't here are my 4 trades and I am done
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  • #7,902
  • May 25, 2017 7:28am May 25, 2017 7:28am
these levels of yesterdays completed profile look like steps don't they these levels are where the buyers and sellers come in and do there auction process now you see why I just trade the first hour after stock market opens
  • #7,903
  • Edited 9:44am May 25, 2017 7:43am | Edited 9:44am
Quoting HappyMe
Here are my levels for the coming session. ps. Don't follow my levels blind, I'm still learning {image}
AUDUSD / GBPUSD and USDJPY worked out perfectly 3 times in a row

EA worked without error this time, trade placed at the right time, back to BE at the correct time and level...very good I would say !!

EURUSD worked out as already tested
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You can manage risk, but you can't manage the return
  • #7,904
  • May 25, 2017 7:44am May 25, 2017 7:44am
Quoting Divergence
{quote} when we open above all time highs we only look back when price has excided yesterdays profile which it didn't here are my 4 trades and I am done {image} {image} {image}
Confused. My levels were way below. When does you profile start? Do you run your profile from 00:00 to 23:59 or do you run it from 17:00 to 16:59? Mine is set for 17:00 to 16:59 EST so I guess that's why all my levels for yesterday were lower because I didn't catch the after hours trading in my profile.
  • #7,905
  • May 25, 2017 7:53am May 25, 2017 7:53am
Quoting marinecorps
{quote} Confused. My levels were way below. When does you profile start? Do you run your profile from 00:00 to 23:59 or do you run it from 17:00 to 16:59? Mine is set for 17:00 to 16:59 EST so I guess that's why all my levels for yesterday were lower because I didn't catch the after hours trading in my profile.
00 to 23:59 I also don't include weekend data on profile
  • #7,906
  • May 25, 2017 8:03am May 25, 2017 8:03am
Quoting Divergence
{quote} 00 to 23:59 I also don't include weekend data on profile
Your experience shows better performance with this time range for the profile instead of end of US session at 17:00?
  • #7,907
  • May 25, 2017 8:06am May 25, 2017 8:06am
My results on paper trading today. I didn't have alot of looks today, but watched 4 possible set-ups and took 2 of them for +13 total. I may change up my profile settings. With price going to all time highs overnight and my profile from yesterday ending at 17:00 EST, I didn't have levels to work off of today and just watched price action.
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  • #7,908
  • May 25, 2017 8:14am May 25, 2017 8:14am
MC I use 450 volume bars the difference between a volume bar and tick bar is a new candle forms when 450 contracts have been transacted tick bars are based on 450 trades it seems to show me demand and supply bars better.
  • #7,909
  • Edited 9:40am May 25, 2017 8:19am | Edited 9:40am
Quoting HappyMe
{quote} AUDUSD / GBPUSD and USDJPY worked out perfectly 3 times in a row EA worked without error this time, trade placed at the right time, back to BE at the correct time and level...very good I would say !! EURUSD worked out as already tested {image}
And again a good trade at GBPUSD at 1,2932

4 trades until now for today...and all for a full TP
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You can manage risk, but you can't manage the return
  • #7,910
  • May 25, 2017 8:48am May 25, 2017 8:48am
Quoting Divergence
MC I use 450 volume bars the difference between a volume bar and tick bar is a new candle forms when 450 contracts have been transacted tick bars are based on 450 trades it seems to show me demand and supply bars better.
Nice. Makes sense because you are watching actual contract number for true volume.
  • #7,911
  • Edited 10:00am May 25, 2017 9:35am | Edited 10:00am
Quoting HappyMe
{quote} And again a good trade at GBPUSD at 1,2932 4 trades until now for today...and all for a full TP {image}
Can't believe it....the fifth trade for today, this time on USDCAD at 1,3468...and again a full TP!!
It must be a volatile move! Because my planned entrylevel was 6pips (!) below the final entry! anyway it was a perfect trade!

This makes a chain of 5 TP trades in a row. It's not a bad day I guess
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You can manage risk, but you can't manage the return
  • #7,912
  • May 25, 2017 10:15am May 25, 2017 10:15am
Quoting HappyMe
{quote} Can't believe it....the fifth trade for today, this time on USDCAD at 1,3468...and again a full TP!! It must be a volatile move! Because my planned entrylevel was 6pips (!) below the final entry! anyway it was a perfect trade! This makes a chain of 5 TP trades in a row. It's not a bad day I guess {image} {image}
How you get that level? my level was 1.3447 . it work out too but i dont see how you get the 3468, but well hope you keep getting green on your trades
  • #7,913
  • May 25, 2017 10:57am May 25, 2017 10:57am
Quoting HappyMe
{quote} Can't believe it....the fifth trade for today, this time on USDCAD at 1,3468...and again a full TP!! It must be a volatile move! Because my planned entrylevel was 6pips (!) below the final entry! anyway it was a perfect trade! This makes a chain of 5 TP trades in a row. It's not a bad day I guess {image} {image}
Excellent effort, well done. You deserve that beer now!
Take 1 step forward, two small steps back
  • #7,914
  • May 25, 2017 11:47am May 25, 2017 11:47am
Quoting HappyMe
{quote} Can't believe it....the fifth trade for today, this time on USDCAD at 1,3468...and again a full TP!! It must be a volatile move! Because my planned entrylevel was 6pips (!) below the final entry! anyway it was a perfect trade! This makes a chain of 5 TP trades in a row. It's not a bad day I guess {image} {image}
yep, today is a good day.
please remember that there will be a day with 5 losses in a row
  • #7,915
  • May 25, 2017 12:03pm May 25, 2017 12:03pm
Quoting januszo
{quote} yep, today is a good day. please remember that there will be a day with 5 losses in a row
Not for me
  • #7,916
  • May 25, 2017 12:26pm May 25, 2017 12:26pm
Quoting chino
{quote} How you get that level? my level was 1.3447 . it work out too but i dont see how you get the 3468, but well hope you keep getting green on your trades
Hi Chino,

In the MP of yesterday we saw some single TPO's (it looked to me as an double-distribution trendday). mostly this often this can become a support/resistance zone. so that was the basic. after that I search for the price action just below the single TPO's and that was at 1,3468. I hope the screenshot is clear enough!!
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You can manage risk, but you can't manage the return
  • #7,917
  • May 25, 2017 12:41pm May 25, 2017 12:41pm
Quoting HappyMe
{quote} Can't believe it....the fifth trade for today, this time on USDCAD at 1,3468...and again a full TP!! It must be a volatile move! Because my planned entrylevel was 6pips (!) below the final entry! anyway it was a perfect trade! This makes a chain of 5 TP trades in a row. It's not a bad day I guess {image} {image}
End the last possibility is marked as already tested on AUDUSD
Look at the levels I started to monitor yesterday. They nearly all activeited (2 are seen as tested and not valid anymore. The 5 others were winners. Only 2 are still monitored...I'm really flabbergasted today!
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You can manage risk, but you can't manage the return
  • #7,918
  • May 25, 2017 12:48pm May 25, 2017 12:48pm
Quoting Divergence
{quote} Not for me
why so? U trade manually and stop after second sl?
  • #7,919
  • May 25, 2017 2:44pm May 25, 2017 2:44pm
Here my levels for the coming session.

ps: Please don't follow my levels blind. I'm still learning....
Attached Image
You can manage risk, but you can't manage the return
  • #7,920
  • May 25, 2017 2:52pm May 25, 2017 2:52pm
Quoting Divergence
{quote} Ashville or Cherokee?

Murphy area
Plan, Prepare, Execute, Repeat
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