It's very mechanical, 1. the close of any 5 min candle after the trade tiggers, 2. If the candle closes with price on the positive side of the level AND closes past the low (in the case of a short) of any preceeding closed candle. 3. Then and only ...

Trader Dale - daily trading levels

nice trade but a tad risky given it came just as the FOMC minutes were released. I'm pleased for you and I hope you were aware of the release

Trader Dale - daily trading levels

I've been working through the data that I hold with a view to finding an alternative way of trading the levels which those who insist on taking big (relative to bank size) might be able to cut down the true risk whist also achieve rapid bank growth. ...

Trader Dale - daily trading levels

So Cad has proved a tad difficult recently, how about long at 1.3119, was resistance, broke thru, came back & consolidated, broke away - I'll be interested if it gets back to 1.3119. image

Trader Dale - daily trading levels

image

Trader Dale - daily trading levels

I personally do now consider the UJ level tested & wont trade it, now want it to keep rising as I'm still in from the first level

Trader Dale - daily trading levels

I see it as just being in a channel & still valid, but I will look for an entry 4-5 pips past the level now image

Trader Dale - daily trading levels

I take a very simple approach and trade each trade individually, that can result in having 2 trades open on the same pair, but very rare, and it can result in 1 trade being nicked out and another just not being triggered, but again that would be ...

Trader Dale - daily trading levels

yes & yes

Trader Dale - daily trading levels

EU - back on 17th Jan there was a long level at 1.0509, this is the first time it's been challenged............just saying edit - I should add that there was a huge reaction 10 pips away from it on 15th Feb

Trader Dale - daily trading levels

It's to shift the day start by -2 hours, gets it to start at 22:00 ie the close of the US session. This will be broker dependant. In truth I know little about mt4 indicators, I just play around with the settings to see what they do I was ...

Trader Dale - daily trading levels

I knew how well that would go down with a geordie I was on the terraces for most of Radders goals. Sadly I cannot connect with todays players, gone are the days when a norf bank boy could take his chance on the pitch, I admire the skills but in ...

Trader Dale - daily trading levels

This is how mine looks Radders, a few slight variations, one maybe is the ExtendedPoc lines, you have 20 which will show them for the next 20 days, mine only 2. Hope this helps, gets a bit messy if your screen is full of them, btw the original ...

Trader Dale - daily trading levels

I agree DrB, was just trying to highlight how it should look for my questioner Great tool tho innit

Trader Dale - daily trading levels

I've had a few questions by PM, this one needs attachments so I'm answering it here The volume profile I downloaded which Akift posted not looking the same as the one in your word document. Also when drawing the rectangle this one jumps for the ...

Trader Dale - daily trading levels

no Dale, after I made that post it got to 1 pip off and then pulled away as Brink noted, I lost interest at that point. Spent all morning doing some testing work Noticed there aren't any Cad levels today Been a bit of a bruiser that one ...

Trader Dale - daily trading levels

I know this won't meet with most peoples criteria, but AU got to within 5 pips of the level & has now moved more than 15 pips away from it, for me that is enough to constitute a test & I won't be taking this level. Despite being pretty much the same ...

Trader Dale - daily trading levels

screen shot explains image

Trader Dale - daily trading levels

good luck Brink, it sounds as though you are trading with a significantly large proportion of your trading bank per trade, take great care as a few bad outcomes could take you out of the game. I can tell you that when I first started trading my ...

Trader Dale - daily trading levels

Wasn't around to trade these two, hope someone made good use of the Yen level. image

Trader Dale - daily trading levels