Price Action in Day Trading by Dadas | Page 203 | Forex Factory

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Price Action in Day Trading by Dadas

  • #4,041
  • Sep 21, 2014 9:13am Sep 21, 2014 9:13am
Quoting ioms
{quote} What I have in the chart? 1) Areas of support, resistance, which are built according to your research. Areas are drawn automatically when certain events (signals) come. Levels are drawn in the direction of the history of the chart and live there before the the new signal come. So you can better see the accuracy of the self-built areas with the received signal. 2) From the active signal candles painted colored (red or green) line with the comment. Gray lines are drawn from the signal candle in history. 3) The potential trading range is a...
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Hope you agree with me!?
Trade the facts, not opinions.
  • #4,042
  • Edited 3:59pm Sep 21, 2014 3:09pm | Edited 3:59pm
Quoting Dadas
{quote} {image} {image} Hope you agree with me!?

I hope that sooner or later I be able to understand in price action at least 1% of what you know ... and my chart (or more precisely my brain) will without garbage, and in the pocket enough money to be happy and have desire and time to engage in social activities

ioms

ps:
your "one candle" chart - it's like a black belt in karate, or as Zen and enlightenment in Price Action - this is the highest skill and
not everyone can go back to the beginning of the way and see the same things when you saw them for the first time, but now with a deep sense.
You have done it, obviously you have become PA Guru

pps:
  • #4,043
  • Sep 21, 2014 3:44pm Sep 21, 2014 3:44pm

WE ARE THE CHAMPIONS OF THE WORLD

Poland 2014.09.21

Trade the facts, not opinions.
  • #4,044
  • Sep 21, 2014 4:54pm Sep 21, 2014 4:54pm
Quoting ioms
{quote} I hope that sooner or later I be able to understand in price action at least 1% of what you know ... and my chart (or more precisely my brain) will without garbage, and in the pocket enough money to be happy and have desire and time to engage in social activities ioms ps: your "one candle" chart - it's like a black belt in karate, or as Zen and enlightenment in Price Action - this is the highest skill and not everyone can go back to the beginning of the way and see the same things when you saw them for the first time, but now...
Thank you ioms.

If you can appreciate my work, it means that you understand.
Which, in turn, means that you are on the path to understanding.
It is just the matter of time and effort.
Trade the facts, not opinions.
  • #4,045
  • Sep 21, 2014 6:24pm Sep 21, 2014 6:24pm
Hi Dadas, (and ioms,) I, as you know have just recently become your student of PA after failing with indicators for 16 years. I can not give up on this quest, and will work as long as it takes to learn from you. I went to http://forex-nawigator.biz/forum/ but I can not tell where the specific thread you mention is, Dadas. Probably too advanced for me anyway, as I struggle to understand the above charts and the one's on the previous page of this forum. I am also respectful that you (Dadas) said that no one should ask any questions about your method until they have read all 202 pages of this thread. Our father recently had his 5th stroke and it now appears that he will require lifetime hospitalization. And, we are striving to be able to help mother pay the expenses. That is why we offered to pay you to help shorten our learning curve. We are not looking for a free ride, and know that every profession takes years to perfect. We are just trying to do whatever we can to help with our family situation. I also wanted to respond to one of your most recent post where you asked, "is no one interested in trading anymore?" We certainly are, but don't feel (at this point) that we can contribute much, as much as we would like to be able to. Anyway, enough of my rambling on, let me just say, Congratulations, and that we will continue to learn as fast, and as best we can. Thanks again for sharing all this.
  • #4,046
  • Sep 22, 2014 4:33pm Sep 22, 2014 4:33pm
Quoting Koqn
Hi Dadas, (and ioms,) ...
Hi Koqn,

After many failures in the trade, I keep trying to trade on.

Why?
- at the beginning, I attempt to quickly cut green bush (naive)
- a little later - it's the excitement that can not be switched off (silly)
- then hate (...)
- voluntary conscious pause
- later still searching and learning
- and so on and so forth

well, the question is Why?
- all that is written above and even more, took me to the fact that the market must be taken easy, as if it does not exist
- in trade, I personally want to achieve stability in right decisions (not only in the market), the path to stability through defeat
- trading is always better with real and not with demo money (to avoid irreparable damages in the absence of a stable trade - use cent accounts)
- if cents will consistently make hundreds, then later with hundreds you will have bake "cookies" with many zeros (but most of the people seem to go in the other direction)
Regardless of way you already go through the market, I wish to you and your family good health and prosperity .

ioms
  • #4,047
  • Sep 27, 2014 2:29am Sep 27, 2014 2:29am
All of a sudden, I had another "lightbulb" moment.
This happened so quickly, that within 2 hours I came up with the "Dadas Half-Bar Chart":
Attached Image (click to enlarge)
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Trade the facts, not opinions.
  • #4,048
  • Sep 27, 2014 4:47am Sep 27, 2014 4:47am
Quoting Dadas
All of a sudden, I had another "lightbulb" moment. This happened so quickly, that within 2 hours I came up with the "Dadas Half-Bar Chart": {image}
somewhat looks like Heiken Ashi
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  • #4,049
  • Sep 27, 2014 5:22am Sep 27, 2014 5:22am
Quoting ioms
{quote} somewhat looks like Heiken Ashi {image}
What you've got there is Heiken Ashi Smoothed.
I had the same thought, about what it looks like, but my chart is not based on any average calculations.
It is only based on the real price.
If you look close, zoom in and study the candles and bars, you will notice the trick.
Trade the facts, not opinions.
  • #4,050
  • Sep 27, 2014 7:13am Sep 27, 2014 7:13am
Quoting Dadas
{quote} If you look close, zoom in and study the candles and bars, you will notice the trick.
What I saw in this trick that the simulated curent bar opened in a half of the previous bar and closed in a half of next bar:
if half next bar > half previous bar = green, if half next bar < half previous bar = red, if half curent bar = close previous bar = darkkhaki
Is this the key to understand "price action"?

ioms
  • #4,051
  • Sep 27, 2014 8:46am Sep 27, 2014 8:46am
Quoting ioms
{quote} What I saw in this trick that the simulated curent bar opened in a half of the previous bar and closed in a half of next bar: if half next bar > half previous bar = green, if half next bar < half previous bar = red, if half curent bar = close previous bar = darkkhaki Is this the key to understand "price action"? ioms
Well, correct, only the Khaki just comes up due to overlapping of 2 colors.
It is not intentional.
Trade the facts, not opinions.
  • #4,052
  • Sep 27, 2014 11:43pm Sep 27, 2014 11:43pm
Hi Dadas, and Ioms
Looks very interesting, but wondering if you might be able to give a bit more of a simplified explanation. I want/need so much to learn, and I think that I can almost see what you mean but not quite. Ioms, what part of Germany are you in? I am from Leonberg (outside of Stuttgart). Thanks to both of you.
  • #4,053
  • Sep 28, 2014 8:02am Sep 28, 2014 8:02am
Quoting Dadas
{quote} It is only based on the real price...
Dear Dadas,
Will you use your new trick in the trade and how?
- as a confirmation of price direction
- or as the base for the input signal
I think that it'll be also good to see situation with the "Half Bar" on the current chart from the next larger timeframe (maybe enough to see as a histogram)? What kind of evolution for "Half Bar" do you see?

Thank You,

ioms
  • #4,054
  • Sep 28, 2014 9:17am Sep 28, 2014 9:17am
Quoting ioms
{quote} Dear Dadas, Will you use your new trick in the trade and how? - as a confirmation of price direction - or as the base for the input signal I think that it'll be also good to see situation with the "Half Bar" on the current chart from the next larger timeframe (maybe enough to see as a histogram)? What kind of evolution for "Half Bar" do you see? Thank You, ioms
You are still looking in the wrong direction, ioms!
The idea is not to use other indicators, or ever higher Tf candles.
The idea is to trade the chart you are looking at!
The whole idea is to trade!

I am just sitting and studying my new chart, and perfecting it.
The idea has always been to recognize tops and bots as early as possible,
in order to enter as soon as possible, and exit as late as possible.
That is why people have been inventing all those indicators.

What you are asking me, I have already checked out.
It takes me only smth like 30 mins to write a simple indi to check out this or that idea.
Or use an existing one to see a certain situation more clearly.
All those things are good for nothing, c/z again, the idea is to TRADE the CHART!
Attached Image (click to enlarge)
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This is very simple coding.
You can do it, if you can do all those things you have already done.
Trade the facts, not opinions.
  • #4,055
  • Sep 28, 2014 1:27pm Sep 28, 2014 1:27pm
Quoting Dadas
{quote} You are still looking in the wrong direction, ioms! ... The whole idea is to trade! ... TRADE the CHART!
Thanks, that is the exact reply I have been looking for.
And I hope that our conversations (your wonderful answers) as well, also helped other people become more and more confident in trade.

ioms
  • #4,056
  • Edited 2:25pm Sep 29, 2014 5:16am | Edited 2:25pm
Quoting ioms
{quote} Thanks, that is the exact reply I have been looking for. And I hope that our conversations (your wonderful answers) as well, also helped other people become more and more confident in trade. ioms
This is trading the chart:
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Trade the facts, not opinions.
  • #4,057
  • Edited 6:16pm Sep 30, 2014 4:36pm | Edited 6:16pm
Quoting Dadas
{quote} This is trading the chart: {image} {image} {image}
Very cool! Don't stop! Keep it up!

ps:
at the bottom of my chart Half Bar interpritation looks as a histogram, I decided to highlight with DarkKhaki the situation when:
half curent bull bar > half previous bear bar
or
half curent bear bar < half previous bull bar

(reversal or rebound candles, potential place to enter or exit)
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  • #4,058
  • Oct 1, 2014 6:07am Oct 1, 2014 6:07am
Quoting ioms
{quote} Very cool! Don't stop! Keep it up! ps: at the bottom of my chart Half Bar interpritation looks as a histogram, I decided to highlight with DarkKhaki the situation when: half curent bull bar > half previous bear bar or half curent bear bar < half previous bull bar (reversal or rebound candles, potential place to enter or exit) {image}
Yeah! Very good going for you, too!
Just that I can't understand why is it easier for people to use histograms,
and then they must corelate the histogram signals with the chart, when
having the information directly on the chart as candles seems to be the
most direct way to show the signals, without having to synthetise anything.

Maybe it is the difference between the analitical mind and the synthetical mind?
Trade the facts, not opinions.
  • #4,059
  • Edited 1:37pm Oct 1, 2014 1:20pm | Edited 1:37pm
Quoting Dadas
{quote} I can't understand why is it easier for people to use histograms, and then they must corelate the histogram signals with the chart, when having the information directly on the chart as candles seems to be the most direct way to show the signals, without having to synthetise anything. Maybe it is the difference between the analitical mind and the synthetical mind?
In my case, the difference between mind and madness.
Frankly speaking, for my chart with the presence of other indicators, so I have more clear look.

Today I made 2 times short, first by hands, the second pending order (therefore not very clean with enter and exit)
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  • #4,060
  • Oct 1, 2014 2:10pm Oct 1, 2014 2:10pm
Ioms, co-operation with you is pure pleasure.
I have added your filter idea to my condition.
And, it all appeared on the chart!
I just gave the specific colors to Bull or Bear.
The effect is more than I could have expected!
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Trade the facts, not opinions.
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