Price Action in Day Trading by Dadas | Page 193 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price Will Tell - Supply/Demand Price Action Trading 1,858 replies

The Price is Right: Trading Price Action 219 replies

Price action at the core / tma intra day 5,016 replies

2 day price action 8 replies

Attachments: Price Action in Day Trading by Dadas
Exit Attachments

Price Action in Day Trading by Dadas

  • #3,841
  • Jun 23, 2014 3:35am Jun 23, 2014 3:35am
Quoting Dadas
Well, real time testing showed that which I already knew. The indi is too good and plots too many setups. IOW, ... I dropped the Dadas_Secret_Weapon_Script on the Candle, and I saw a good setup... I switched to M5 and watched the PA. I Entered upon Double BO from Pivot. ... You can see the result.
Dear Dadas, you have a very clear PTECZ trading concept, and new tool to make great visualization.
I want to try this indi (script) too. Thank You for all lessons and open wisdom!

ioms
  • #3,842
  • Jun 23, 2014 3:38am Jun 23, 2014 3:38am
Quoting Arigo444
Hi Dadas long time no see. I like the look of your latest indi - thank you fx factory for updating me - and as I have just had both computers content destroyed by a human virus (not me but a cam artist) I would be very happy if you could post a copy on your site. keep up the good work.cheers
Your hard disk is very, very difficult to destroy, unless someone overwrote the whole disk with something else.
Or, you actually physically destroyed the data disk itself.
Otherwise, the data is never destroyed, only it is "labeled" as ureadable or available to overwrite with different data.
There are data recovery services, just look in your area.
Trade the facts, not opinions.
  • #3,843
  • Jun 23, 2014 3:39am Jun 23, 2014 3:39am
Quoting ioms
{quote} Dear Dadas, you have a very clear PTECZ trading concept, and new tool to make great visualization. I want to try this indi (script) too. Thank You for all lessons and open wisdom! ioms
This time it's not try, it's BUY!

You want the whole deal, together with coaching?
5 000,- Euro is my price.
Trade the facts, not opinions.
  • #3,844
  • Jun 23, 2014 4:00am Jun 23, 2014 4:00am
Quoting Dadas
{quote} This time it's not try, it's BUY! You want the whole deal, together with coaching? 5 000,- Euro is my price.
Thank you for your honest answer, Dadas!
I began reading yours Thread in March 18, 2013, it's just a tons of useful information here. If I had enough money, I would have paid only for it!
With great respect,
ioms
  • #3,845
  • Jun 23, 2014 5:01am Jun 23, 2014 5:01am
Quoting ioms
{quote} Thank you for your honest answer, Dadas! I began reading yours Thread in March 18, 2013, it's just a tons of useful information here. If I had enough money, I would have paid only for it! With great respect, ioms
I'm patient.
I'll wait until you make the money.

The information contained in this thread is enough for somebody to figure out what I have.
Otherwise, I don't understand what is so different about me.

And, somehow, I can't believe that nobody had figured it out before me.
Trade the facts, not opinions.
  • #3,846
  • Jun 24, 2014 9:32am Jun 24, 2014 9:32am
Today, a complete revolution.
I quess that is the way things go.
I have, now, understood the real application of Moving Averages.

I appologise to everybody whom I have disregarded in the past for using MA's.

However, I still hold to the notion that it is only when one really understands the charts/the market,
they can apply whatever tool to their advantage:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5.png Size: 29 KB

I didn't make a lot of Pips, but I did the very correct things.

I was working all day on the modifications to my indicators, so that I can finally see which direction not to trade.
Trade the facts, not opinions.
  • #3,847
  • Jun 24, 2014 11:21am Jun 24, 2014 11:21am
Following this trail, the best way to see when not to trade is not to see the Candles when we should not trade.
No Candles, no trading!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm1.png Size: 36 KB
Trade the facts, not opinions.
  • #3,848
  • Jun 25, 2014 12:24pm Jun 25, 2014 12:24pm
Hi Dadas I like your trading strategy, I am just starting to learn your strategy. Is it possible for you to post some of your trading statement according to this strategy? Thank you.
  • #3,849
  • Jun 25, 2014 1:46pm Jun 25, 2014 1:46pm
Quoting Techanalyst
Hi Dadas I like your trading strategy, I am just starting to learn your strategy. Is it possible for you to post some of your trading statement according to this strategy? Thank you.
Your request is completely irrelevant as far as the strategy is concerned.
My results or anybody else's results have nothing in common with any strategy.

If you will read my thread, you will learn a lot about how actually stupid your request is.

I wrote about it several times.
It is not the strategy which trades, but it is the trader who trades.
The trader will not be successfull until he or she eats several barrels of salt and the brain clicks in the right way.

Showing anybody's statement proves nothing about the strategy.
It only proves that the trader is successful and knows how to profit.

Please, leave my statements to my accountant.
Trade the facts, not opinions.
  • #3,850
  • Jun 25, 2014 1:54pm Jun 25, 2014 1:54pm
This is my trade of today:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm1.png Size: 42 KB
Trade the facts, not opinions.
  • #3,851
  • Jun 25, 2014 2:07pm Jun 25, 2014 2:07pm
Quoting Dadas
{quote} Your request is completely irrelevant as far as the strategy is concerned. My results or anybody else's results have nothing in common with any strategy. If you will read my thread, you will learn a lot about how actually stupid your request is. I wrote about it several times. It is not the strategy which trades, but it is the trader who trades. The trader will not be successfull until he or she eats several barrels of salt and the brain clicks in the right way. Showing anybody's statement proves nothing about the strategy. It only proves...
Actually result's have everything to do with strategy. Why are you getting so mad? I know it is the trader who trades I would still like to see some of your wins and losses according to this strategy. After all the trades earnings/losses are based by the strategy that the trader trades. How do I know that you are profiting from your strategy when you are only posting the posts and images of charts? You don't have to show your whole statement, you can cover everything just to show some of profit/losses. I know every real and successful trader that wants to share the thread, they also show their win/losses. I do not see the big deal. No shame nothing.
  • #3,852
  • Jun 25, 2014 2:13pm Jun 25, 2014 2:13pm
Quoting Techanalyst
{quote} Actually result's have everything to do with strategy. Why are you getting so mad? I know it is the trader who trades I would still like to see some of your wins and losses according to this strategy. After all the trades earnings/losses are based by the strategy that the trader trades. How do I know that you are profiting from your strategy when you are only posting the posts and images of charts? You don't have to show your whole statement, you can cover everything just to show some of profit/losses. I know every real and successful trader...
Then, please go somewhere else.
You either are interested in the strategy and take it without questioning, or make like the trees.

I am not mad, at least not the way you put it.
I am mad, in another sense of the word.
Trade the facts, not opinions.
  • #3,853
  • Jun 25, 2014 2:17pm Jun 25, 2014 2:17pm
Quoting Dadas
{quote} Then, please go somewhere else. You either are interested in the strategy and take it without questioning, or make like the trees. I am not mad, at least not the way you put it. I am mad, in another sense of the word.
I do follow more threads. I just took interest in your thread because it does look good for day trading strategy. But if you wish not to show your statement trades that is fine I understand. I apologize for thinking that you got mad in the way I thought you did. I will stay here and follow your strategy and test it on demo account. I do like your strategy so far when it comes to day trading price action, and it is the best strategy so far for day trading from my experience.
  • #3,854
  • Jun 25, 2014 2:22pm Jun 25, 2014 2:22pm
Quoting Techanalyst
{quote} I do follow more threads. I just took interest in your thread because it does look good for day trading strategy. But if you wish not to show your statement trades that is fine I understand. I apologize for thinking that you got mad in the way I thought you did. I will stay here and follow your strategy and test it on demo account. I do like your strategy so far when it comes to day trading price action, and it is the best strategy so far for day trading from my experience.
I do realize that, however, I also know that it takes a lot more than just the strategy.
Please, read both directions, from the begining and from the end.
It is really all about understanding how the market works and being able to read the market from the charts.
It takes a lot of effort and time to really see it, not only theoretically know it.
This path leads to very interesting places, as I have recently discovered.
You will notice that my charts are somewhat different now.
Trade the facts, not opinions.
  • #3,855
  • Jun 25, 2014 2:59pm Jun 25, 2014 2:59pm
Greetings Dadas,


Price Action is the best...I disagree with its use on the smaller time frames & Day Trading, but to each his own.


Good luck

Regards

DRFXTrading
  • #3,856
  • Jun 25, 2014 3:35pm Jun 25, 2014 3:35pm
Quoting DRFXTrading
Greetings Dadas, Price Action is the best...I disagree with its use on the smaller time frames & Day Trading, but to each his own. Good luck Regards DRFXTrading
You see, it is not about agree or disagree.
I made a lot of attempts to figure out how to trade the M1 chart successfully.
I always failed and couldn't find the right way to get it.

Untill I finally found the way to do it, which I am just recently presenting.
But, it is associated with the fact that I am, programming my own tools, and
I can write a simple indicator to plot the charts on my conditions to show me what I want to see.
First, though, I had to actually start seeing the market on the charts.
Only then I was able to follow this path and write the indicator which shows me the real deal.

So, it is not about if you agree or not but, about if you can do it or not.

Also, so many people say that Moving Averages don't work.
Well, they do, they work perfectly.
It is only the pseudo-trader who doesn't see it.
Those people can't read the market from the charts, thus nothing works for them.
Trade the facts, not opinions.
  • #3,857
  • Jun 25, 2014 4:12pm Jun 25, 2014 4:12pm
And, this is how the market works:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm1.png Size: 30 KB

Then comes the consolidation:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm1_1.png Size: 35 KB

Same rules apply.

There is the Trend, there is the Swing, there is the Consolidation.
There is the Close Price.
There is the Pivot Price.
There is the Break Out and the Break Down.

The trouble with the losers is that they don't know where to Enter and more importantly, where not to Enter.
They place the Stop Losses not where the Market says the SL must be but, according to their own ideas.
They don't take what the Market gives but, again, wait for their own ideas.
Thus, the Market takes them out of the game, because they don't follow the Market.
Trade the facts, not opinions.
  • #3,858
  • Edited 6:04am Jun 26, 2014 4:51am | Edited 6:04am
Quoting Techanalyst
{quote} Actually result's have everything to do with strategy.
This is where you are totally wrong.

Results have everything to do with:
1. Human physiology, especially the brain physiology.
2. Human genes.

Strategy is only the tool.
How the trader uses the tool, or how his/hers construct allows them to use the strategy is what produces the individual results.

Not to say that this can't be changed, because it can.
The only thing one can't change are their genes.
Thus, some have it easier, some have more work to do, yet others simply will never be able to trade.

Personally, I am the type who has to input a whole lot of effort, because my genome seems to be not of the optimal type.
My genome seems to be the perfect type for a teacher, someone who absorbs the knowledge easily.
Someone who has the ability to transfer this knowledge to others and quide them in the right direction.

As far as trading is concerned, I am not the optimal trader.
I am still struggling for consistency and still my physiology makes me do things which are against the strategy.

This is why I am consistently inventing new ways to look at the charts, so as to eliminate the unwanted factors.
My most recent developements have, again, put me on a higher level than before.
I know that I am very, very close, now.
Trade the facts, not opinions.
  • #3,859
  • Jun 26, 2014 5:09am Jun 26, 2014 5:09am
I posted this video before, but for convenience, here it is, again:
Inserted Video
Trade the facts, not opinions.
  • #3,860
  • Jun 26, 2014 5:43am Jun 26, 2014 5:43am
Attached Image (click to enlarge)
Click to Enlarge Name: [dax30]m1.png Size: 48 KB

The last trade of the ones visible on the chart is the proper one.
Trade the facts, not opinions.
0 traders viewing now