Price Action in Day Trading by Dadas

Quoting Dadas

Disliked

I am open to new ideas, as long as they make sence. There is always something to learn, if you can listen to what someone else is saying. The last video I posted is very informative and carries a few pearls. One of the most important information in understanding Price Action is Price Volume. The MT4 Volume Indicator is poor. I would recommend the SonicR PVA Volumes(White).mq4 or SonicR PVA Volumes(Black).mq4 together with the Normalize_Volume_Oscilator.mq4 also from the SonicR packet V3, found in the packet, here: http://www.forexfactory.com/attachme...2&d=1247195867...

Ignored

Quoting deluna2189

Disliked

Hi all, I am Forex trader + GOLD in over 8 years and I've been following this thread from the beginning. The essence of the method works well if you learn to read the price action. Mr. Dadas teaches his vision: He has seen the 'young woman' from the beginning. Many still only see the 'old lady'. Thanks for giving your view of the PA and your super tools CZCS TBCZ and PTECZ. I use them and they work, especially the PTECZ. However I've seen lately that your cards look a bit confusing with too many indicators. I think the way is in its simplicity and...

Ignored

Quoting Kasia

Disliked

{quote} Zainteresuj się tą stroną. http://clusterdelta.com/volumeprofile_mt4 Dane pochodzą z CME. Wskazniki pokazują realny obrót kontraktami.

Ignored

Quoting Dadas

Disliked

{quote} Hi deluna! You are absolutely right and I agree with you 100%. Simplicity is the way! Sometimes one has to make a step or two backwards in order to advance even faster! Thus, my loop back. It was mainly because of my new BuyStop, SellStop strategy which involves a different Entry procedure than I had originally preached in this thread. It has to do with the psychology of trading. There was this Luba here, some time ago. She was angry with me that I was so "All Timeframes analysis from MN down" oriented, and claimed that D1 Zone Candle...

Ignored

Quoting Dadas

Disliked

{quote} Cool! Thanks, Dzięki!

Ignored

Quoting deluna2189

Disliked

{quote} The pictures are very good. 100% share this approach and I understand his reasons. Its graphics are good. I usually work in placing the PTECZ D1 and H4 inputs and outputs, sometime in H1, but the error increases during this period. With 3 PTECZ dynamic, for my style of trading, is sufficient. I show in this thread some of my operations PTECZ to share with you my progress and discoveries. The issue of Psychology, I personally cost me a lot of money to learn it. Now after a long time losing $ I understand my emotions. Regards,

Ignored

Quoting phi1ipp

Disliked

{quote} Have you got a chance to look through that interesting thread? I see that it's all about Ninja where they have real volumes.

Ignored

Quoting Dadas

Disliked

{quote} Try only D1 PTECZ. Maybe my new tool will be helpful. It is a script, so you instal it in the experts->scripts folder. Then, you Drag the script from the Navigator window and Drop it on the Candle you want to plot. Play with it. {file}

Ignored

Quoting besanit

Disliked

Hi Dadas, Thank you again for your PTECZ and CSCZ concept that your share with us This concept is really good and very help full for me to read price action, and improve a lot for my trade. and your new tool 111 Draw HILOBAR ZONE are fantastic....! it's very good tool, just adding on it an Open-close rectangle manually, now I cold draw a CSCZ very easy... This is my chart for Gold I draw last 2 Month CSCZ (MN2, MN1), last 2 Week CSCZ (W2, W1) and D1 CSCZ as GPS for next trading session. thank you Dadas. {image}

Ignored

Quoting P.Action

Disliked

{quote} I try these advices. i know your custom zone indi. but i want to draw rectangle manually to orientate myself. i know no need to enter small TF. but it is practise as you said. (microscobe view )Thank you again. 1 question : does your orders generally sell stop and buy stop enter ? i drew already E-U charts. anyway i share with you. (H4 and H1 timeframe is enough to get an good view but i went m5 timeframe)

Ignored

Quoting P.Action

Disliked

{quote} My question's(4 may 2013) answer turn into "YES". my first views of your strategy need this type of orders in that times. i haven't try your last method yet. but i am sure that works

Ignored

Quoting Dadas

Disliked

{quote} Every one of us is travelling their own long road. Time came for me to see the beauty of Stop Pending Orders. In the end, that is the most proper way of trading. 1. Very Agressive: {image} 2. Moderate Agressive: {image} 3. Moderate: {image} 4. Conservative: {image} 5. Proper: {image}

Ignored

Quoting P.Action

Disliked

{quote} That is what i feel in that pictures. 1. Very Agressive: {image} When i see 1 or 2 huge bar. i dont be a counter trader. not fit to me. 2. Moderate Agressive: {image} i prefer moderate order. so not fit again. but sometimes i enter trend way order. 3. Moderate: {image} i love this one. and try to use. 4. Conservative: {image} i hate SL hunting in this mode. so i wait lower low(pin bar) generally. 5. Proper: {image} i try this order type but not first breaking attempt. i wait 2nd and 3rd attempts.

Ignored

Quoting Dadas

Disliked

{quote} OK, but in the end the method you love is chasing the market. And, all the 1,2,3,4 methods are chasing the market and uncertain, cause you never know for sure. Method 5 makes you a strategist. Makes you plan, makes you think, and let the market take you along. It is a very, very smart method, if you can only think about it and see how to use it. Of course, Price Action always comes first and S/R levels plotted by PTECZ or CSCZ. {image} PS. The picture, actually contains a complete strategy, if you can read it.

Ignored

Quoting P.Action

Disliked

{quote} yes i am agree with you that 1,2,3,4 is uncertain. that is one example pulling the trigger time. (it can be S&R level too.) market waiting breakout and pull back. some of traders enter the trend at pull back point and carry the price first breakout highest point. at that highest point counter trend traders enter vice versa orders. and smart ones(like your fifth enter type) waiting the bullish and bearish fight result with buy stop(or sell stop) order. this order push the price higher(or lower) point with momentum. {image} and what i see...

Ignored

Quoting Dadas

Disliked

{quote} So, consider you are following H4 Candles, thus you wait until H4 Closes. And you plot with my tool. {image} What looks like a trap, is now valuable information!

Ignored