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Trader Dale - daily trading levels

  • #8,141
  • Jun 11, 2017 4:02pm Jun 11, 2017 4:02pm
Quoting DrBeercan
{quote} Great thoughts, I also see over the past few days the price heading downwards. Yep I agree it is a bit of a battlezone stuck between support and resistance even above the 70% VA. Friday was also a very tight range of 25 pips so something is going to give :-) I'll watch it see what it does. It's also been stuck inside an MC since 7th of June :-) Though 0.7522 short and 0.7338 long to respect the support and resistance zones they sit in? that's a nice neat profile and view, which are you using again? Apologies you probably mentioned...
It's from www.TradingView.com
Indeed looks nice and is simple to handle....I test it at the moment, but it looks good untill now!
You can manage risk, but you can't manage the return
  • #8,142
  • Jun 11, 2017 4:05pm Jun 11, 2017 4:05pm
Quoting HappyMe
{quote} It's from www.TradingView.com (http://www.TradingView.com) Indeed looks nice and is simple to handle....I test it at the moment, but it looks good untill now!
Great, let us know. I know a couple of people tried it lots of people had differing views. It would be good to hear yours.
Take 1 step forward, two small steps back
  • #8,143
  • Jun 12, 2017 1:38am Jun 12, 2017 1:38am
Quoting HappyMe
{quote} That's how I look to it.... If I look to the priceactions last session it looks if this is a Balancing area....price looks hovering end at the end was trying to go down...but not with a strong action. So I think the MP must be threatened like a D-Profile.... if so then the level 0.75328 is the fear price and normally it's a good exit level. From here we can see pos or neg action. In a D-profile we can better expect some support/resistance around the lower/upper levels form the 70% bell-shape (hope you understand what I mean?!) Dale was writing...
0.7522 would be worked perfectly!
You can manage risk, but you can't manage the return
  • #8,144
  • Jun 12, 2017 2:02am Jun 12, 2017 2:02am
Quoting GU-Night
{quote} . {image}
Usually the spread in futures is 1 tick. where as Forex ranges by as much as your broker chooses.
So many in the Commercial section want to make me rich! :o
  • #8,145
  • Jun 12, 2017 2:56am Jun 12, 2017 2:56am
Quoting HappyMe
{quote} 0.7522 would be worked perfectly!
:-) great news so would have 0.7533 if I had gone for 10 pips. Still in a penny trade am expecting it to keep going down. Guess we found the top and bottom of the wedge it is forming. Happy trading today all :-)
Take 1 step forward, two small steps back
  • #8,146
  • Edited 7:59am Jun 12, 2017 5:56am | Edited 7:59am
Quoting HappyMe
Hope everybody had a nice weekend! Well I programmed some add-ons to my EA: -Positions size by risk% -Never manage more then x trades at ones by this EA And besides that I had a wonderful time with my Oke here are my levels for tomorrow... EURUSD: -short: 1.1258 AUDUSD: -long: 0.7487 -long: 0.7501 -long: 0.7466 USDCAD: -short: 1.3513 USDJPY: -long: 109.90 -long: 109.23 -short: 111.61 ps: Never trade my levels blind! I'm still practicing!
USDJPY level 109.90 was triggered and finished with a full TP

my programming exercise of last weekend (implementing positionsize) worked also perfect!
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You can manage risk, but you can't manage the return
  • #8,147
  • Jun 12, 2017 11:31am Jun 12, 2017 11:31am
Quoting HappyMe
{quote} USDJPY level 109.90 was triggered and finished with a full TP my programming exercise of last weekend (implementing positionsize) worked also perfect! {image} {image}
Heh, if I weren't so greedy and went for 10 pips not 15 I would of been full TP as well! :-) win some lose some :-)
Take 1 step forward, two small steps back
  • #8,148
  • Jun 12, 2017 3:26pm Jun 12, 2017 3:26pm
Hello guys, here are my 2 trades that got triggered today:
http://trader-dale.com/recent-forex-trades/

Happy trading!!!
  • #8,149
  • Jun 12, 2017 4:21pm Jun 12, 2017 4:21pm
Oh gosh.... a full SL on USDJPY on a level from last session....happened in the new session

I'm a little late with my new levels for the coming session...and so my old levels where still active in the new session! Yes ofcourse it was a full blow....this level wasn't valid anymore.... That must be blocked by the EA.... I really have to program this!! Gosh this is really The last trade of the exact same level was a wonderfull TP....

Anyway....that's why I'm still on demo with this EA ...catching the
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You can manage risk, but you can't manage the return
  • #8,150
  • Jun 12, 2017 4:28pm Jun 12, 2017 4:28pm
hi.
do we have night of miracles on gbp today?
last top was lower today, i wonder if someone there at the desk cares about it ?


Iam afraid to set a level on it.
well .. our EAs have rapid move filters anyway.
how much there is safety out of it?

Maybe just keep levels tight , close to eachother and restrict max velocity to like .. 6 pips per minute?
  • #8,151
  • Edited 5:34pm Jun 12, 2017 4:35pm | Edited 5:34pm
Quoting HappyMe
Oh gosh.... a full SL on USDJPY on a level from last session....happened in the new session I'm a little late with my new levels for the coming session...and so my old levels where still active in the new session! Yes ofcourse it was a full blow....this level wasn't valid anymore.... That must be blocked by the EA.... I really have to program this!! Gosh this is really The last trade of the exact same level was a wonderfull TP.... Anyway....that's why...
turn off trading on 23:55 or session end of yr time.
i took half tp at 109.83, uj is one trending pair.ha
  • #8,152
  • Jun 12, 2017 4:45pm Jun 12, 2017 4:45pm
Quoting januszo
{quote} turn off trading on 23:55 or session end of yr time.
Thanks....that's also a possibility but when turning it on again?!

I was thinking on a given validation date for your levels...if the next session starts (the next day).....everything is always disabled

I really never thought about it....well it's demo so it's no harm but I really feel dumb about this

You can manage risk, but you can't manage the return
  • #8,153
  • Jun 12, 2017 4:48pm Jun 12, 2017 4:48pm
Well here are my new levels....

ps. please don't trade my levels blind...I'm still practicing!
Attached Image
You can manage risk, but you can't manage the return
  • #8,154
  • Jun 12, 2017 6:35pm Jun 12, 2017 6:35pm
eu
1.1365n
1.1332
1.1308
1.1275
1.1262
1.1219n
1.1209n
1.1145
1.1126
1.1082

au
0.7659
0.7564
0.7548n
0.7507
0.7485
0.7466
0.7406
0.7391
0.7372
0.7327

gu
1.30
1.2963
1.2906
1.2731
1.2647


nu
0.7240n
0.7215n
0.7172n
0.713
0.7092
0.7042
0.7011
0.6970
0.6930
0.6885

uc
1.3597
1.3573
1.3555
1.3486
1.3467
1.3237


uchf
0.9794
0.9766
0.9758
0.9648


uj
112.0
111.88
111.47
110.75
110.06
108.9

eg
0.8858
0.8795
0.8781
0.8757
0.8685
0.8640
0.8604
0.8570
  • #8,155
  • Jun 13, 2017 1:35am Jun 13, 2017 1:35am
Quoting GU-Night
{quote} The profitability of this strategy depends on your 'level picking skills' and the way you manage trades. Your level picking skills and the way you manage a trade depends on your experience. No system or strategy will bring you money on a consistent basis if you have no or little experience. Ziggy shared a spreadsheet in this thread about the profitability of Dales levels. https://www.forexfactory.com/showthread.php?p=9592611#post9592611 On my profile page there is a demo trade explorer with (only) three weeks trading history using...
Thanks a lot for your comment GU. Six months of consistent results are great sign of good strategy. Of course 6% risk per trade is a high risk but as I pointed, this strategy gives few pips, so you have to leverage a lot. Can I ask you why donīt you trade live?

Regarding this kind of tradingstyle, I like a lot as is fully compatible with my day work.

Thanks again for your comment.
  • #8,156
  • Jun 13, 2017 2:24am Jun 13, 2017 2:24am
Quoting HappyMe
Well here are my new levels.... ps. please don't trade my levels blind...I'm still practicing! {image}
GBPUSD level 1.2695 is seen as a tested level.... unfortunately...
Attached Images
You can manage risk, but you can't manage the return
  • #8,157
  • Jun 13, 2017 2:39am Jun 13, 2017 2:39am
Quoting spynoza
I will try AU long 0.7515 {image}
I cancel this level....

Now, I will try UJ short 110.400
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Follow the flow of water in a stream
  • #8,158
  • Jun 13, 2017 2:52am Jun 13, 2017 2:52am
Quoting HappyMe
Oh gosh.... a full SL on USDJPY on a level from last session....happened in the new session I'm a little late with my new levels for the coming session...and so my old levels where still active in the new session! Yes ofcourse it was a full blow....this level wasn't valid anymore.... That must be blocked by the EA.... I really have to program this!! Gosh this is really The last trade of the exact same level was a wonderfull TP.... Anyway....that's why...
Confession is good for the soul :-) sorry buddy was busy last night with a deadline for work. So didn't look at your levels. Good luck today.
Take 1 step forward, two small steps back
  • #8,159
  • Edited 5:42am Jun 13, 2017 3:19am | Edited 5:42am
Quoting HappyMe
Well here are my new levels.... ps. please don't trade my levels blind...I'm still practicing! {image}
I have 2 running trades atm.... one EURUSD and on USDJPY....

.....

Edit1: USDJPY went to BE
Edit2: and for USDJPY... waiting for EURUSD now....
Edit3: EURUSD also back to BE
Edit4: EURUSD finished as BE (without BE it would be a very nice trade....anyway we need to protect our Balance...then this can happen
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You can manage risk, but you can't manage the return
  • #8,160
  • Jun 13, 2017 3:29am Jun 13, 2017 3:29am
Quoting HappyMe
{quote} I have 2 running trades atm.... one EURUSD and on USDJPY.... ..... {image}
http://www.myfxbook.com/forex-market/correlation/EURUSD-USDJPY

You should be ok You could always scrape the data from this page into your EA so it doesn't trade when two pairs are correlated
So many in the Commercial section want to make me rich! :o
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