Price Action in Day Trading by Dadas | Page 125 | Forex Factory

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Price Action in Day Trading by Dadas

  • #2,481
  • May 29, 2013 7:44am May 29, 2013 7:44am
Quoting Eur Usd
{quote} nobody will assist you, there is too much to learn,
Please, as much as some of your words may be true,
please, do not indroduce false opinions on my thread!

I am willing to assist, as I have stated in my reply to Sfinks.


Yes, this Trade is a tough business and requires a lot of practise
and time to develop special skills, psychlogical skills as well.

I have repeated this over and over tens or hundreds of times.

Nobody has ever promised anybody, anything on this thread,
other than they must work really hard in order to get results!
Trade the facts, not opinions.
  • #2,482
  • May 29, 2013 7:57am May 29, 2013 7:57am
and what about my question about your system performance?
On my way to financial independence - if others can do it - I can do it
  • #2,483
  • May 29, 2013 8:02am May 29, 2013 8:02am
Quoting Dadas
{quote}Thank you for noticing this issue and pointing it out.I know where it comes from.You do not have any Sunday Candles, do you?The thing is that where I am sitting, we get Sunday Candleswhich introduce misleading data, the average gets lower than should be. I guess I had never thought I would be sharing with the whole world! I have got to think about how to solve this issue on the PTECZ_Trader, too. Thanks!

Yes you are world wide now.... GO DADAS!!!!
Like I said... it is a WONDERFUL indicator... knowledge = confidence = power... power to grab more pips!
Daily Range is like a map of the coast lines... once you reach the coast... you must turn around and head back.
I hope it can be corrected... it sounds like you've got a handle on it.
Cheers,
G.
"You Never Know.....Until You Find Out."
  • #2,484
  • May 29, 2013 8:07am May 29, 2013 8:07am
Quoting Eur Usd
Dadas (I've been following the topic for a while) out of curiosity - how profitable is the system? I mean how many % a day/month can you do with it? how often do you get signals? what is the r-r ratio and what is your win rate?
Your post tells me that you do not understand what this system is!

The system is as Profitable as you can make it Profitable!
The system does not Trade for you!
You Trade with the aid of the system!

If you follow all my suggestions, every element of the system,
it is up to your skills at Trading to make the best of it.

Here are the stats from my current account, but they also include the period before this system:
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-05-29_093416.png Size: 3 KB


Also, the question how often I get signals shows you do not understand what I am talking about.
I get signals as often as I see them on the chart!
Reading Price Action is the clue, here.
There are signals all the time, on the charts.
You are the one who decides which signals are the important ones for you!

My R/R is whatever I can get! Starting from 1/2 up.
Please, read my earlier post on the R/R issue.
This method is not teaching R/R and MM.
That is up to you!
This method only suggests that you Enter Trades according to your R/R.

You are right, there is a lot to learn!
If you take any intrest in my method, please, you are welcome to start learning and understanding.

I will assist as long as I am able to!


PS. I consider your Post# 2,475 advertising!
Please, edit it and remove the links, or I will ask moderators to cleanup!
Trade the facts, not opinions.
  • #2,485
  • May 29, 2013 8:12am May 29, 2013 8:12am
Quoting Eur Usd
and what about my question about your system performance?

Patience and Wisdom are the main neccesities for anyone to succeed in Life.
They are, also, the most important prerequisites in Forex Trading.
Also the Will to Work Hard!
Trade the facts, not opinions.
  • #2,486
  • May 29, 2013 8:20am May 29, 2013 8:20am
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  • #2,487
  • May 29, 2013 8:25am May 29, 2013 8:25am
Quoting Eur Usd
Dadas (I've been following the topic for a while) out of curiosity - how profitable is the system? I mean how many % a day/month can you do with it? how often do you get signals? what is the r-r ratio and what is your win rate?
Quoting Dadas
{quote} Patience and Wisdom are the main neccesities for anyone to succeed in Life.They are, also, the most important prerequisites in Forex Trading.Also the Will to Work Hard!
I am guessing it is a difficult question to answer than?
If you'll go to shop and ask for a price of a bread and you'll get "Patience and Wisdom are the main neccesities for anyone to succeed in buying a bread" as an answer - will you be satisfied?
answering the simple question would prove that your lessons are worth anything. and I know that each person may have different results on same system (depending on position size, exit, s/l and t/p etc) but it qould be nice of you to tell us - nobody is asking about amounts
On my way to financial independence - if others can do it - I can do it
  • #2,488
  • May 29, 2013 8:36am May 29, 2013 8:36am
Hi, Dadas, I have attached some pictures, in which some PTECZs were plotted.
It seems not difficult to plot those PTECZs.

How should I open a position based on what I plotted?
can we decide to go long or short based on the PTECZs?
I don't know if it is correct. What I am going to do is Swtich to 15min time frame.
And watch how price is moving. If the price is moving up and then rejected by
upper Monthly PTECZ, I will go for short. Please help comment and instruct...
Thanks~
  • #2,489
  • May 29, 2013 8:42am May 29, 2013 8:42am
Quoting Eur Usd
{quote} {quote} I am guessing it is a difficult question to answer than?If you'll go to shop and ask for a price of a bread and you'll get "Patience and Wisdom are the main neccesities for anyone to succeed in buying a bread" as an answer - will you be satisfied?
Nope, but I am not selling anything, here!
Thus, such a questions makes no sence!


Quoting Eur Usd
answering the simple question would prove that your lessons are worth anything. and I know that each person may have different results on same system (depending on position size, exit, s/l and t/p etc) but it qould be nice of you to tell us - nobody is asking about amounts
My lessons are worth as much as the learner can make Profit thanks to them.
Or, they are worth nothing, if one can not make Profit using my method!

Your questions have all been answered, unless you missed Post# 2,484
Trade the facts, not opinions.
  • #2,490
  • May 29, 2013 8:50am May 29, 2013 8:50am
Quoting Eur Usd
I am guessing it is a difficult question to answer than?
Man, you were the last in line!
I have to answer everybody, not just you!
That is why Patience and Wisdom.

Don't try to prove you are more intelligent than you are!

Wait your turn!
Trade the facts, not opinions.
  • #2,491
  • May 29, 2013 8:53am May 29, 2013 8:53am
Quoting Dadas
{quote}Man, you were the last in line!I have to answer everybody, not just you!That is why Patience and Wisdom. Don't try to prove you are more intelligent than you are! Wait your turn!
I am not trying to prove anything. I am just looking for alternative method to the one I trade now (which works well in bull bear, but doesn't work in consolidation) - that's why I asked for results as your method seems to be interesting.
On my way to financial independence - if others can do it - I can do it
  • #2,492
  • May 29, 2013 8:55am May 29, 2013 8:55am
Quoting ShepherdL
Hi, Dadas, I have attached some pictures, in which some PTECZs were plotted.It seems not difficult to plot those PTECZs. How should I open a position based on what I plotted?can we decide to go long or short based on the PTECZs?I don't know if it is correct. What I am going to do is Swtich to 15min time frame.And watch how price is moving. If the price is moving up and then rejected byupper Monthly PTECZ, I will go for short. Please help comment and instruct...Thanks~
Yes, ShepherdL, you are thinking correct!

Test that on your demo account, slowly, take your time!

I know your emotions! I have been there!

Just take a deep breath and try to Trade on demo!
Trade the facts, not opinions.
  • #2,493
  • May 29, 2013 8:56am May 29, 2013 8:56am
This is a awesome thread,
i cant be more thankful,
thanks .
  • #2,494
  • May 29, 2013 9:07am May 29, 2013 9:07am
Quoting Eur Usd
{quote} I am not trying to prove anything. I am just looking for alternative method to the one I trade now (which works well in bull bear, but doesn't work in consolidation) - that's why I asked for results as your method seems to be interesting.
OK, I suggest you learn and try!
That is the only way you will find all your answers!

I will help you, if you post or contact me on SKYPE.
I will explain, guide, try to solve your doubts.

I am experiencing amazing results other people show me with my method!

Occasionally, someone pops up who can not Trade my method,
but they are those who expect the method to Trade for them.

My method works on the charts, on the Market.

It is essential to understand it, first.

You have only touched the Tip of the Iceberg!

So, if you want to try it out, believe me, it is a long road!

The best results come when you have read the whole thread 10 times,
did a whole lot of chart analysis, plotting PTECZs, and so on, then got my
individual consulting at ca. 10 hours.
This I know from experience.
This is what one of my best students did!

Others do not speak, do not post, I only see their nicks in the footer.
After 2 months, they shoot up with amazing results!

How many are out there who don't even log in to FF?

So, I suggest that instead of playing Ping-Pong, start on so you can play Pip-Pong!
Trade the facts, not opinions.
  • #2,495
  • Edited 12:13pm May 29, 2013 9:20am | Edited 12:13pm
Quoting blackbeary
This is a awesome thread,i cant be more thankful,thanks .
Thanks for your opinion!

BTW. I don't like your avatar!
Sorry, had to say that!

Edit: Thank you for changing it.
Now, I like it!
Trade the facts, not opinions.
  • #2,496
  • May 29, 2013 9:33am May 29, 2013 9:33am
I get your point - I'll ask another way: is it possible to get 3% daily profit with 1% of risk per trade with the method you promote? I ask as 3% is my daily profit on days I trade with my method
On my way to financial independence - if others can do it - I can do it
  • #2,497
  • May 29, 2013 9:36am May 29, 2013 9:36am
Thanks Dadas, I got +48pips with some losses and experiences....

*learn, learn and learn http://assets.forexfactory.net/image...im/whew%21.gif
  • #2,498
  • May 29, 2013 9:38am May 29, 2013 9:38am
Quoting Eur Usd
I get your point - I'll ask another way: is it possible to get 3% daily profit with 1% of risk per trade with the method you promote? I ask as 3% is my daily profit on days I trade with my method
How about 10%?

You will never know untill you try.
Trade the facts, not opinions.
  • #2,499
  • May 29, 2013 9:42am May 29, 2013 9:42am
this is a knowledge not just a system
this system doesn't trade to us, but we decide
so, dadas, you don't have to proof anything here ...
just give us an assist
  • #2,500
  • May 29, 2013 9:43am May 29, 2013 9:43am
Quoting Dadas
{quote}How about 10%? You will never know untill you try.
I agree, but it takes time to test system and there is lots of them on ff
what if it's not what I expected? that's why asking the questions
On my way to financial independence - if others can do it - I can do it
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