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Price Action in Day Trading by Dadas

  • #21
  • Mar 19, 2013 8:46am Mar 19, 2013 8:46am
So these are consolidations??
THe blue boxes are consolidation on a daily chart?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ecad.gif Size: 16 KB
Click to Enlarge Name: ezn.gif Size: 19 KB
  • #22
  • Mar 19, 2013 10:56am Mar 19, 2013 10:56am
Quoting smikester
Dadas. Thank you for starting out with your method of interpreting price action. So far I have seen a vague interpretation of a "supply/demand" trading method. For whom is this intended? Most traders know that price consolidates and then trends, most of the time.

You must be very smart and understand EVERYTHING...but there are people who don't smart as yourself...so let us learn something from Dadas.
-happyTrading, maaj-
  • #23
  • Edited 3:39pm Mar 19, 2013 10:57am | Edited 3:39pm
Quoting smikester
I cut you a bit of slack in my last post but it seems as though your ego is bigger than I thought. It seems you rose well to the bait and showed your true, charlatan colours.

For your information I did read your posts all the way through and there are plenty of other comments where I could pull you up. I chose not to. This thread lacks credibility now. Let's see some live trade calls. Let's see that ego verified. I might not have mentioned you trying to trash forex4worth's thread but now I would like to see what you're worth.

OK Dadas, this...
Think, I did not know you were advocating forex4worth ?
I was not and I am not trying to trash anybody's thread.
I have the right to ask questions.
So have You.

Your questions have been and will be answered.
Mine, have not been answered, only sarcasted, ridiculed.

As far as Ego is concerned, I suggest looking in the mirror.
Trade the facts, not opinions.
  • #24
  • Mar 19, 2013 11:04am Mar 19, 2013 11:04am
Quoting smikester
Dadas. Thank you for starting out with your method of interpreting price action. So far I have seen a vague interpretation of a "supply/demand" trading method. For whom is this intended? Most traders know that price consolidates and then trends, most of the time.

My second question is about the nature of your understanding of consolidation because you have said more than once that the shadow area of a candle is a consolidation area. Could you post a chart of where this is true?

These kinds of dogs everywhere on FF. Furthermore these kinds of dogs even have +10V. They keep on barking.

Why don't you start your own thread?.....start your thread and gossip about others....let not-so smart people to learn from other contributors.
  • #25
  • Mar 19, 2013 11:05am Mar 19, 2013 11:05am
Quoting Winner1245
So these are consolidations??
THe blue boxes are consolidation on a daily chart?
Basically, yes, they are.

But we are talking hundreds of Pips, here, pretty long term,
and there is a trend visible on the CAD.

All depends what you want to exploit.
Trade the facts, not opinions.
  • #26
  • Mar 19, 2013 11:09am Mar 19, 2013 11:09am
Dadas,
Don't mind the criticism. In every new thread, there's always someone who practices negativism, and who is bitter. Most of them have lost their bank accounts in the past. So please continue to educate people here in the forum who are willing to learn.

4x4x
  • #27
  • Mar 19, 2013 11:15am Mar 19, 2013 11:15am
Quoting forexforex
Dadas,
Don't mind the criticism. In every new thread, there's always someone who practices negativism, and who is bitter. Most of them have lost their bank accounts in the past. So please continue to educate people here in the forum who are willing to learn.

4x4x
100% agree
-happyTrading, maaj-
  • #28
  • Mar 19, 2013 11:49am Mar 19, 2013 11:49am
i will also 100% agree
go Dadas go Dadas
  • #29
  • Edited 5:39pm Mar 19, 2013 12:55pm | Edited 5:39pm
I have added new information, new article:
A simple practise strategy to help better understand Price Action in Action
http://www.forexfactory.com/showthre...02#post6525102

PS.

Please, keep OnTopic, otherwise I will Clean Up.
Please, do not abuse other people on my thread, even by citations from the Bible, otherwise I will Clean Up.
People, here are not "swine", and You do not have any "pearls".
In my country, there is a proverb saying: "Who calls others names, calls him/herself."

PPS.
I have, once written an article on Forex Psychology.
Not here, but also on a Forex Forum.
A pretty strong one, you should have heard those!
These, here, are just puppies, no sweat!

Thanks Everyone for Your encouragement!

And, Yes, I shall stay!
Trade the facts, not opinions.
  • #30
  • Edited 4:19pm Mar 19, 2013 2:43pm | Edited 4:19pm
The Zone Candle Concept

Following the Candle Shadow Consolidation Zone concept, I have come up with the idea
to better visualize what is going on with the Zone Candle (ZC).

The ZC is simply 3 zones:
The Upper Shadow Zone,
The Body Zone,
The Lower Shadow Zone.

And looks like this:
http://charts.mql5.com/1/176/eurusd-...rkets-as-2.png

As wee can see, the 3 zones drawn upon an H1 candle create a background.
Switching the Timeframe to a lower one, ie. M5, we get a picture of Price Action inside the
Zones of the closed H1 Candle.
http://charts.mql5.com/1/176/eurusd-...markets-as.png

This idea helped upgrade the Simple Candle Shadow Zone strategy.

All the basic rules stay the same, the only difference is visualization.
Additionally, what we can do with a rectangle is that we can extend it backwards and forwards
by double clicking on it to open the properties box (RMB) and input some back date.

Now the picture will look like this, on the M5 chart:
http://charts.mql5.com/1/176/eurusd-...rkets-as-2.png

Like this on the H1 chart:
http://charts.mql5.com/1/176/eurusd-...rkets-as-3.png

Like this on the D1 chart:
http://charts.mql5.com/1/176/eurusd-...markets-as.png

Continue here:
http://www.forexfactory.com/showthre...06#post6528706
Trade the facts, not opinions.
  • #31
  • Mar 19, 2013 3:29pm Mar 19, 2013 3:29pm
Quoting Dadas
Think, I did not know you were advocating forex4worth ?
I was not and I am not trying to trash anybody's thread.
I have the right to ask questions.
So have You.

Your questions have been and will be answered.
Mine, have not been answered, only sarcasted, ridiculed.

As far as Ego is concerned, I suggest looking in the morror.

Please post some predictions so we can get the critics silenced


Best regards
  • #32
  • Edited 5:20pm Mar 19, 2013 3:38pm | Edited 5:20pm
Like this on the W1 chart:
http://charts.mql5.com/1/176/eurusd-...markets-as.png

Providing us with a clear visualization of the historical levels we are at.

I have learnt in my experience, that those who criticise my method are usually those traders, who
have been trading for 5 years up, and are talking about Quantitative Trading based on Probability
and Statistics. In other words, higher mathematics which only a small number of highly educated
specialists can employ, and who are one of the best paid programmers, who develop Algorithmic
Traders for the Biggest of the Biggest.

These highly educated people are creating mathematical equasions to analise the charts looking
for repetative patterns and on the basis of statistics calculating the probability how the current situation
compares and how the price statistically reacted at the same price levels.

Is it not that, exactly that same procedure we are doing with our eyes when looking back into
history to see how the price reacted at the current level in history?

Is it not that, exactly that same procedure we are doing with our eyes when we are judging, even
with only a glimpse of the eye, how many times the price bounced up, and how many times down?

Is it not that, exactly that same procedure we are doing with our eyes when we are looking at which
side of the S/R the price is at the moment?

The basic problem is usually with the ability to properly visualize the situation.
Price does not obey a level, a concrete 1.3000 line. It is always a Zone, somewhere between.
And this is why it is impossible to write a working, profitable EA.
Because there is no way to programme "somewhere between here and here, but you decide".

On the other hand, we do not have a wide enough monitor, or the quick skills to shift between
Timeframes and see the same levels, because our emotions confuse us.
Or we get stuck on observing the current Candle, because it is moving and it is a dynamic element
on an otherwise static picture - this distracts our vision.

Thus, my quest for a better visualization, thus the Zone Candle.

Of course, we need to make our life easier, so we wrote an indicator,
which draws a Zone Candle of the input Timeframe.
Any available MT4 Timeframe.

Here, also a picture of the M30 chart on the background of the D1 closed Zone Candle:
http://charts.mql5.com/1/176/eurusd-...markets-as.png
Attached File(s)
File Type: mq4 Custom_Zone_Candle.mq4   5 KB | 2,787 downloads
Trade the facts, not opinions.
  • #33
  • Mar 19, 2013 3:43pm Mar 19, 2013 3:43pm
Quoting jgadefelth
Please post some predictions so we can get the critics silenced
Best regards
Please, read my posts carefully.
I will not predict. This thread is about reading Price Action, not predicting.

I will, in time post trades, but never predictions.

But first, I want to share all my realizations, step-by-step.

Keep tuned!
Trade the facts, not opinions.
  • #34
  • Mar 19, 2013 3:48pm Mar 19, 2013 3:48pm
Quoting Dadas
Please, read my posts carefully.
I will not predict. This thread is about reading Price Action, not predicting.

I will, in time post trades, but never predictions.

But first, I want to share all my realizations, step-by-step.

Keep tuned!
I meant for you just to post proof of your trading and not in hindsight just to keep the nonbelievers silenced.

Best regards
  • #35
  • Mar 19, 2013 4:10pm Mar 19, 2013 4:10pm
Quoting Dadas
PPS.
I have, once written an article on Forex Psychology.
Not here, but also on a Forex Forum.
A pretty strong one, you should have heard those dogs barking!

Why you are calling people barking dogs Dadas?

You are the master of complicating every simple thing and now you found new audience. Hopefully it will turn out well for you but calling people barking dogs when you are not able to backup your product with any kind of statistics is not the way to go.

Again, no hard feelings and get on with your show.

GH
  • #36
  • Mar 19, 2013 4:16pm Mar 19, 2013 4:16pm
Quoting Greenhaze
Who you are calling people barking dogs Dadas?

You are the master of complicating every simple thing and now you found new audience. Hopefully it will turn out well for you but calling people barking dogs when you are not able to backup your product with any kind of statistics is not the way to go.

Again, no hard feelings and get on with your show.

GH
The ones who are calling me the same.
Sorry, to dissapoint You.

I, really have no hard feelings for You as well,
no matter what You had said before.
Trade the facts, not opinions.
  • #37
  • Mar 19, 2013 4:23pm Mar 19, 2013 4:23pm
Dadas
Please continue what you've start.Your approach is one of the best that someone can find at FF. Rare goldmine. I really like what you've done until now.Please keep them coming.
In combination with PipEasy thread (Building an equity millipede), one can make some nice returns.

Wish you all the best and thanks for sharing again.
Tim
  • #38
  • Mar 19, 2013 4:26pm Mar 19, 2013 4:26pm
Quoting jgadefelth
I meant for you just to post proof of your trading and not in hindsight just to keep the nonbelievers silenced.

Best regards
I understand, that will come, in time.

I do not intend to show any history, I intend to show current trading.
As live as possible, but I can not do two things at a time.
Plus a bunch of other house duties which I must preform, myself.
Trade the facts, not opinions.
  • #39
  • Mar 19, 2013 4:28pm Mar 19, 2013 4:28pm
eu s/d, and being greedy
Attached Image
  • #40
  • Mar 19, 2013 4:47pm Mar 19, 2013 4:47pm
Quoting Pcm
eu s/d, and being greedy
A perfect illustration of my Zones.
The M15 picture:
http://charts.mql5.com/1/176/eurusd-...markets-as.png

See that on the D1 background?
http://charts.mql5.com/1/176/eurusd-...rkets-as-2.png

Maybe, your greed will be satisfied?
Trade the facts, not opinions.
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