Price Action in Day Trading by Dadas | Page 190 | Forex Factory

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Price Action in Day Trading by Dadas

  • #3,781
  • Jun 5, 2014 11:26am Jun 5, 2014 11:26am
Quoting Dadas
I really don't know much about trading, but I think this is a good trade: {image}

My respects Master what is indicator on down left of chart? and how you did you candles by this color?
  • #3,782
  • Jun 5, 2014 11:30am Jun 5, 2014 11:30am
Quoting Dadas
and if that SL distance <=3%, it's ok.
from what distance? to the TP?
  • #3,783
  • Jun 5, 2014 11:33am Jun 5, 2014 11:33am
Safrash, you are making the typical mistake which everyone was making or still is making.
It is nothing wrong with you, it is a natural human reaction.
You are reacting upon the sudden movement of price in a certain direction.
At the same moment, your mind stops thinking, it gets blocked.
This is also a natural physiological reaction of our mind.
You stop seeing the larger picture and forget that price is at resistance.
This is also a typical action of the price, something called Fake Head.

It takes a lot of time to get rid of this instinct, and a lot of mental work.
The first step is to be aware that there is nothing wrong with you.
It is natural, it happens every time we are under pressure or stress.

It is about the communication of our internal organs with the brain.
The brain receives a lot of different data from all of oue body.
In this case it is the signals sent by our heart.
Our heart is the most powerful organ in electric signals terms.

In the situation of pressure it sent a whole lot of chaotic signals to the brain.
The brain shuts off. It is a natural primitive defense mechanism.

There are methods to help you in such situations.
This is not the thread to teach you how to manage stress.

But, there are some useful video links in my thread.
You will get to them as you read on.
Trade the facts, not opinions.
  • #3,784
  • Edited 1:05pm Jun 5, 2014 12:05pm | Edited 1:05pm
Quoting safrash
{quote} My respects Master what is indicator on down left of chart? and how you did you candles by this color?
If you look closely, you will see:
Attached Image

Bottom: Timeframe, date, broker time / local time, spread
Second: Lot volume calculator
Third: Indicator for setting chart offsets from top and bottom with today's range
Fourth: Simple Average Daily Range indicator

Like I told you before, I learned to do some programming in MQL4.
So, I can create simple indicators, scripts and EA's.
Trade the facts, not opinions.
  • #3,785
  • Jun 5, 2014 12:14pm Jun 5, 2014 12:14pm
Quoting safrash
{quote} from what distance? to the TP?
LongRisk = OrderStopLoss - OrderOpenPrice;
ShortRisk = OrderOpenPrice - OrderStopLoss;

LongRisk == 1% max 3% of your account balance;
ShortRisk ​== 1% max 3% of your account balance;
Trade the facts, not opinions.
  • #3,786
  • Edited 1:07pm Jun 5, 2014 12:27pm | Edited 1:07pm
Quoting safrash
{quote}
how you did you candles by this color?
I don't understand your confusion.
Your computer can process as many colors as your graphic card can handle.
You will see as many colors as your monitor can show you.
That is, if you are not a color-blind person.

You can set your chart colors to any color you wish.
MT4 uses the standard color pallette that windows offers you.
Which also means that you can define any color you wish.

Yes, by default you can have 2 different candlestick colors
and 2 different bar colors, and 1 line chart color:
Attached Image

It is not a difficult job to create a simple indicator which will plot a small line
the length and width of the candle body under some condition(s), and define colors for each case.

But, it takes time and practise to learn to do it.
Not to mention the knowledge you must have to know what you want to see.
Trade the facts, not opinions.
  • #3,787
  • Jun 5, 2014 1:25pm Jun 5, 2014 1:25pm
Quoting Dadas
Safrash, you are making the typical mistake which everyone was making or still is making. It is nothing wrong with you, it is a natural human reaction. You are reacting upon the sudden movement of price in a certain direction. At the same moment, your mind stops thinking, it gets blocked. This is also a natural physiological reaction of our mind. You stop seeing the larger picture and forget that price is at resistance. This is also a typical action of the price, something called Fake Head. It takes a lot of time to get rid of this instinct, and...
Bravo master, you as always on top, not only give lessons Forex, but also can calm the student, it lacks many teachers. Yes indeed, human psychology is complex, the balance comes from experience, a lot of unexpected encounters beginner and overcomes his fear, but with experience everything will fall into place. Thank you very much
  • #3,788
  • Jun 5, 2014 1:37pm Jun 5, 2014 1:37pm
Quoting Dadas
{quote} LongRisk == 1% max 3% of your account balance; ShortRisk ​== 1% max 3% of your account balance;
what is difference?
  • #3,789
  • Edited 1:55pm Jun 5, 2014 1:43pm | Edited 1:55pm
Quoting safrash
{quote} Bravo master, you as always on top, not only give lessons Forex, but also can calm the student, it lacks many teachers. Yes indeed, human psychology is complex, the balance comes from experience, a lot of unexpected encounters beginner and overcomes his fear, but with experience everything will fall into place. Thank you very much
You misunderstand me! Not PSYCHOLOGY!
PHYSIOLOGY!

It has nothing to do with psychology.
It is about basic physiology of our body.

If I tell you: "Don't worry! Be happy!" you have no reason to believe me and no reason to change your behaviour.
Because in order to get better results, you must change the behaviour which causes the bad results.
You can only do that if you change your thinking about what you are doing.
You can only change your thinking when you change your feelings about what you are doing.
You can only change your feelings when you change your emotions about what you are doing.
Emotions are generated by the signals your body is sending to your brain.
So, in order to change your emotions, you must regulate the signals that go to your brain.
Chaotic signals cause brain block and you can't think clearly about your emotions.
You may not even realise what your emotions are, normally.
So, in order to regulate your signals, you must use some technic, like regular pace breathing.
This is at the most basic level of our body - physiology!
Trade the facts, not opinions.
  • #3,790
  • Edited 2:02pm Jun 5, 2014 1:45pm | Edited 2:02pm
Quoting safrash
{quote} what is difference?
None, I just pointed out for clear interpretation, but I don't know your way of interpretation.
It seems very strange, or rather alien, or exotic to me.

Well, not really, I know some people of Islamic traditions.
You have problems with being real, true.
You think that hiding something from others is the way to be.

I am not that way.
I am straightforward, and I don't look for the second or third bottom.
Trade the facts, not opinions.
  • #3,791
  • Jun 5, 2014 3:32pm Jun 5, 2014 3:32pm
Quoting Dadas
{quote} If you look closely, you will see: {image} Bottom: Timeframe, date, broker time / local time, spread Second: Lot volume calculator Third: Indicator for setting chart offsets from top and bottom with today's range Fourth: Simple Average Daily Range indicator Like I told you before, I learned to do some programming in MQL4. So, I can create simple indicators, scripts and EA's.

Nice, but you did not represent it in forum for us, don't want?
  • #3,792
  • Jun 5, 2014 4:04pm Jun 5, 2014 4:04pm
Quoting safrash
{quote} Nice, but you did not represent it in forum for us, don't want?
You ask too much.
Try to do it yourself.
Don't think I am here to give you everything and you only take advantage of it.
I have given out for free knowledge which some people could have turned into millions by now.
Nobody has given me back anything, yet.
Trade the facts, not opinions.
  • #3,793
  • Edited 8:15pm Jun 5, 2014 8:00pm | Edited 8:15pm
Hello Dadas
I'm watching that the Price Action requires finding new Zone in which I trade and it is must be desirable that last Zone in tradable TF. This is chart entered Long in 21:17, H1 TBCZ was plotted on old candle, profit +7 pips, order closed by opposite candle, SL can trailed on order price.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd-h1-long.png Size: 105 KB
  • #3,794
  • Jun 5, 2014 8:29pm Jun 5, 2014 8:29pm
this is difference
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m5-can-be-profit.png Size: 103 KB
  • #3,795
  • Jun 5, 2014 9:30pm Jun 5, 2014 9:30pm
Changed Chart and new Short Enter
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd-H1-new.png Size: 108 KB
  • #3,796
  • Jun 6, 2014 2:13am Jun 6, 2014 2:13am
Quoting safrash
Hello Dadas I'm watching that the Price Action requires finding new Zone in which I trade and it is must be desirable that last Zone in tradable TF. This is chart entered Long in 21:17, H1 TBCZ was plotted on old candle, profit +7 pips, order closed by opposite candle, SL can trailed on order price. {image}
Safrash, get your act together!
What are you trading, huh?
If you are trading the H1 PTECZ and CSCZ method, then trade it, not your own ideas!!!
Attached Image (click to enlarge)
Click to Enlarge Name: attachment.php(3).png Size: 98 KB

Short at the Top!!!
Long at the Bottom!!!

Attached Image (click to enlarge)
Click to Enlarge Name: attachment.php.png Size: 100 KB
Trade the facts, not opinions.
  • #3,797
  • Jun 6, 2014 3:43am Jun 6, 2014 3:43am
Attached Image (click to enlarge)
Click to Enlarge Name: attachment.php(2).png Size: 105 KB
Trade the facts, not opinions.
  • #3,798
  • Jun 6, 2014 4:14am Jun 6, 2014 4:14am
Attached Image (click to enlarge)
Click to Enlarge Name: 4444444.jpg Size: 125 KB
  • #3,799
  • Jun 6, 2014 4:19am Jun 6, 2014 4:19am

People, maybe this is my latest enlightenment, but it really is that way!

The Market dictates where your Stop Loss must be!

There is no other way!

If you can't afford the Stop Loss distance from current Bid Price - DON'T ENTER!!!


If you are trading Price Action Breaks, your SL must be wider.

If you are waiting for retrace to Enter, your SL will be tighter.


What I am trying to say is that trading against the Price, which means

opening trades with very tight Stop Loss at potential swing Price Action

but, without any Break Candle or SBOC is very frustrating

because you will get a lot of small losses before you jump in on a bigger move.


That's why I am teaching you to trade TBCZ and PTECZ Breaks and best Enter on Price retest or retrace.

The more narrow the TBCZ or PTECZ, the smaller is the Stop Loss.

But, the Stop Loss must always be placed where the Market dictates.


So, when you see a TBCZ or PTECZ which you are thinking of trading,

look first where your Stop Loss must be by what the chart tells you.

Not by what you think!


I've been telling you this from the very begining.

Trading is not about what you think.

Trading is about trading the charts and what the charts are showing.


One of the major rule of this thread is that we don't state our opinions.

We analyse the charts by pure Price Action.



Trade the facts, not opinions.
  • #3,800
  • Jun 6, 2014 4:25am Jun 6, 2014 4:25am
Quoting meoden
{image}
Help, I shall, my friend.
First, try out the attached script.
Attached File(s)
File Type: mq4 111_Draw_HLBAR_CLine_Zone.mq4   3 KB | 542 downloads


Also, try deleting all objects from chart occasionally with script:
Attached File(s)
File Type: mq4 111_ObjectsDeleteAll.mq4   < 1 KB | 467 downloads


Otherwise, to solve a different problem, we must be online by SKYPE and share screens so I can see what's wrong.
Trade the facts, not opinions.
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