Price Action in Day Trading by Dadas | Page 195 | 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

  • #3,881
  • Jul 13, 2014 3:59am Jul 13, 2014 3:59am
Quoting Hercs
Hello Dadas, Thank you for an in-depth review and this time I am fully aware of what you're doing. I will pick you up on Skype and we can arrange for a chat at your convenience. Blessings.
After a wonderful exchange of energy, ie. ideas about trading with Hercs,
I have upgraded my charts to the next level:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 35 KB

I hope you recognise the indis you shared with me Hercs?
It's just that I hate those dots and arrows, so I transfer the data to the candles, themselves.
Trade the facts, not opinions.
  • #3,882
  • Jul 13, 2014 1:54pm Jul 13, 2014 1:54pm
Quoting Dadas
{quote} Yes, it is absolutely neccessary to understand the market and read it from the charts, and ultimately this factor must help you to stop making the foolish decisions...
Big fish (Big Guys) eats small fish (ppl accounts), collecting them in space of market. Experienced fisherman (Dadas) eats both large and small fish with joy, because he has a good fishing gear (PTECZ) and experience (Short at the Top, Long at the Bottom).

ioms
  • #3,883
  • Jul 14, 2014 6:16am Jul 14, 2014 6:16am
Quoting ioms
Experienced fisherman (Dadas) eats both large and small fish with joy,
because he has a good fishing gear (PTECZ) and experience
(Short at the Top, Long at the Bottom). ioms
Not exactly, ioms, not exactly.
I can't eat Big Fish, and I don't have the right fishing gear for the Big Fish.
I have the right "sonar" gear to see where the Big Fish are.
I know that where the Big Fish are, there is going to be a large feast.
If I am careful and I don't get in the way of the Big Fish, I can
catch some bits that the Big Fish won't even notice that they "missed".
If I am not careful, the Big Fish can eat me, as well.
Trade the facts, not opinions.
  • #3,884
  • Jul 14, 2014 6:45am Jul 14, 2014 6:45am
Quoting Dadas
{quote} After a wonderful exchange of energy, ie. ideas about trading with Hercs, I have upgraded my charts to the next level: {image} I hope you recognise the indis you shared with me Hercs? It's just that I hate those dots and arrows, so I transfer the data to the candles, themselves.
Hello Dadas my friend,

You are so right - the energy that flowed just would not go away this weekend!
Thanking you once again from the bottom of my heart. Not only were you a patient teacher, but also an open minded mentor - simply an awesome combination.
Transferring the data to the candles is a great idea as well as keeping the line plain and simple.

I simply L-O-V-E the Magenta candles!

Continued success to you, my friend.
Hercs
  • #3,885
  • Jul 14, 2014 6:54am Jul 14, 2014 6:54am
Quoting Dadas
{quote} Not exactly, ioms, not exactly. I can't eat Big Fish, and I don't have the right fishing gear for the Big Fish. I have the right "sonar" gear to see where the Big Fish are. I know that where the Big Fish are, there is going to be a large feast. If I am careful and I don't get in the way of the Big Fish, I can catch some bits that the Big Fish won't even notice that they "missed". If I am not careful, the Big Fish can eat me, as well.
In this example, on H4 chart plotted PTECZ from smaller TF's - H1 and M15, we will see what happend.
I wonder how the price will behave, punching or bouncing off these levels.

ioms
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh4.png Size: 45 KB
  • #3,886
  • Jul 14, 2014 7:08am Jul 14, 2014 7:08am
My chart differs from yours, is it because you tweaked the settings?
Attached Image (click to enlarge)
Click to Enlarge Name: Dadas' H-1_G+J- chart.PNG Size: 42 KB
Hercs
  • #3,887
  • Jul 14, 2014 7:34am Jul 14, 2014 7:34am
Quoting Hercs
My chart differs from yours, is it because you tweaked the settings? {image}
I don't see any difference, other than on my image there is the weapon applied to H4, thus the zone is wider.
Trade the facts, not opinions.
  • #3,888
  • Jul 14, 2014 8:31am Jul 14, 2014 8:31am
Quoting Dadas
{quote} I don't see any difference, other than on my image there is the weapon applied to H4, thus the zone is wider.
Thank you for replying, but your chart indicate that it is in fact H-1.
No problem though I was just curious to know whether the energy level took you to a "higher level" - unless rge Weapon was applied on H4 and you dropped the screen to H-1?
Hercs
  • #3,889
  • Jul 14, 2014 8:39am Jul 14, 2014 8:39am
Quoting Hercs
unless rge Weapon was applied on H4 and you dropped the screen to H-1?
Exactly.

Though, the script does allow you to use other timeframes than current.
Provided you know where the area of H4 is on H1, you can drop the script anywhere in the H4 area, and specify Master_Tf = 4 Hours.
Then there is no need to switch Tf screen.
Trade the facts, not opinions.
  • #3,890
  • Jul 14, 2014 11:36am Jul 14, 2014 11:36am
Quoting Hercs
No problem though I was just curious to know whether the energy level took you to a "higher level"
Be on SKYPE ASAP!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 20 KB
Trade the facts, not opinions.
  • #3,891
  • Jul 14, 2014 1:57pm Jul 14, 2014 1:57pm
Quoting ioms
{quote} ... how?
Today, big fish hunting in the south, that to wag his tail and turn north a little bit later (in theory).
Levels (our fishnets) worked also well.

ioms
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh4_1.png Size: 41 KB
  • #3,892
  • Jul 15, 2014 4:01am Jul 15, 2014 4:01am
Quoting ioms
{quote} Today, big fish hunting in the south, that to wag his tail and turn north a little bit later (in theory). Levels (our fishnets) worked also well. ioms {image}

(in theory??) ...actually it happened accuracy in one millimeter and all rushed to the north

ioms
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh4_2.png Size: 42 KB
  • #3,893
  • Jul 15, 2014 8:25am Jul 15, 2014 8:25am
Quoting ioms
{quote} (in theory??) ...actually it happened accuracy in one millimeter and all rushed to the north ioms {image}
There is no theory.
It is the market, and the chart is the market.
You can read the chart, you can read the market.
Of course, either intentionally or unwillingly, the standard charts don't show it clearly.
That's why people invent indicators and plot arrows and dots, and lines.
But why plot any of those, if you can color the candles by the best existing trend indicator you have been able to find?
This trend indicator will show you when it's down, when it's up.
And, if you only believe or see that it is showing the real deal, you can apply your best weapon.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 32 KB
Trade the facts, not opinions.
  • #3,894
  • Jul 15, 2014 9:47am Jul 15, 2014 9:47am
Quoting Dadas
{quote} There is no theory. It is the market, and the chart is the market. You can read the chart, you can read the market. Of course, either intentionally or unwillingly, the standard charts don't show it clearly. That's why people invent indicators and plot arrows and dots, and lines. But why plot any of those, if you can color the candles by the best existing trend indicator you have been able to find? This trend indicator will show you when it's down, when it's up. And, if you only believe or see that it is showing the real deal, you can apply...
Dadas, Thank you for your valuable words and thread!

It's even great that people have such a large selection of colored pencils (because with them, ppl can draw points, circles, lines, and even a rainbow). It seems all this and developed for this! With plenty of theories, more difficult to see the truth.

ioms
  • #3,895
  • Jul 15, 2014 11:50am Jul 15, 2014 11:50am
Quoting ioms
{quote} Dadas, Thank you for your valuable words and thread! It's even great that people have such a large selection of colored pencils (because with them, ppl can draw points, circles, lines, and even a rainbow). It seems all this and developed for this! With plenty of theories, more difficult to see the truth. ioms
Maybe it's because we are generally afraid of the truth.
I must admit that yesterday, when I upgraded my weapon even more, and
when I saw something on the chart, and applied my weapon to that place, I
actually got startled at what I saw.
Because I applied my weapon to a candle 2 days before, and the script plotted out the whole truth.

Today, we were online with Hercs since morning till 5 pm.
We are still at awe with what we are seeing:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 28 KB
Trade the facts, not opinions.
  • #3,896
  • Jul 16, 2014 2:38am Jul 16, 2014 2:38am
Quoting Dadas
{quote} Maybe it's because we are generally afraid of the truth. I must admit that yesterday, when I upgraded my weapon even more, and when I saw something on the chart, and applied my weapon to that place, I actually got startled at what I saw. Because I applied my weapon to a candle 2 days before, and the script plotted out the whole truth. Today, we were online with Hercs since morning till 5 pm. We are still at awe with what we are seeing: {image}
Good morning D,

Yesterday was an AWESOME experience - thank you again. You are an incredible person.

Here are 2 views of the G/J one being the Day-chart and the second the H4 (with the Daily setting) for your kind perusal and comments.

Wishing you another great day and continued success.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Dadas' Daily_G_J.PNG Size: 32 KB
Click to Enlarge Name: Dadas' H4-chart__G_J.PNG Size: 45 KB
Hercs
  • #3,897
  • Jul 16, 2014 9:26am Jul 16, 2014 9:26am
Dear Dadas,

Is there any way to recognize that "right now" is the perfect moment to enter in the market with PTECZ?
Or is it better to enter the market with pending orders, based on formed patterns?
(It's a bit strange question, because ...)
What talks your experience?

ioms
  • #3,898
  • Jul 16, 2014 11:04am Jul 16, 2014 11:04am
Quoting ioms
Dear Dadas, Is there any way to recognize that "right now" is the perfect moment to enter in the market with PTECZ? Or is it better to enter the market with pending orders, based on formed patterns? (It's a bit strange question, because ...) What talks your experience? ioms
Yes, it is a totally bizzare question, and nobody can give you an answer, because there isn't any.
Or, rather, I would say, both methods are equally valid.
Which one you chose will be your strategy.
Some people look for a pinbar bouncing from the given S/R level.
A rejection pinbar-type candle isn't 100% that the direction will change immediately,
but it's all the other strategy elements which make the strategy effective.

So, the complete strategy is the first thing.
Your execution of the strategy is the other thing.

But, you must have all of the elements of your strategy strictly defined.
You must know your entry setup.
Trade the facts, not opinions.
  • #3,899
  • Jul 16, 2014 12:11pm Jul 16, 2014 12:11pm
Quoting Dadas
{quote} Yes, it is a totally bizzare question, and nobody can give you an answer, because there isn't any. Or, rather, I would say, both methods are equally valid. Which one you chose will be your strategy. Some people look for a pinbar bouncing from the given S/R level. A rejection pinbar-type candle isn't 100% that the direction will change immediately, but it's all the other strategy elements which make the strategy effective. So, the complete strategy is the first thing. Your execution of the strategy is the other thing. But, you must have all...
Once again, I read the first post, it is very informative, there are answers to almost all questions!
But these keywords I really like: "PTECZ" - Potential Trend Ending Consolidation Zone.
Potential - something may happen, the Trend may End or not.
Thank You!

ioms
  • #3,900
  • Jul 16, 2014 4:52pm Jul 16, 2014 4:52pm
Quoting Dadas
{quote} Yes, it is a totally bizzare question, and nobody can give you an answer, because there isn't any. Or, rather, I would say, both methods are equally valid. Which one you chose will be your strategy. Some people look for a pinbar bouncing from the given S/R level. A rejection pinbar-type candle isn't 100% that the direction will change immediately, but it's all the other strategy elements which make the strategy effective. So, the complete strategy is the first thing. Your execution of the strategy is the other thing. But, you must have all...
"Some people look for a pinbar bouncing from the given S/R level"
Like in this example?!! Highly visible perfect potential entrances and exits from market... (PPEE)

ioms

ps: unfortunately I was not the right time in the right place with the right tools, but I have decided bizarre very important strategic question about "right now"
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadm30.png Size: 42 KB
0 traders viewing now