Price Action in Day Trading by Dadas

Yes,
Yes,
No.

where?
I can not find anywhere

http://www.forum.forexcity.pl/download/file.php?id=133

selam türk müsünüz ?

http://www.forexfactory.com/Dadas

Hi Dadas!

First of all - Thank You for this thread!

This is my first post in FF, although I have been here as a guest; and have registered recently after had come across your thread. As you mentioned in one of your posts, there was something drilling my mind and never left it alone. Something that I missed so much... And now I see what it was - understanding of Price Action. For sure, there are many threads about Price Action around, but this one is the key for my personal perception of PA. I'm still reading - carefully and slowly - the posts written by you and other members of FF community. Regardless of how much time it would take me (on page 16 by typing this), I will take it as the most enjoyable moments in my Forex learning.

Price action is actually one of the best techniques in Forex Trading. It basically deals with the way the market reacts to the forces of demand and supply factoring various drivers such as news, and institutional trading activity. There are several places to learn price action trading, starting with BabyPips.com Pipsology school. I also came across another course that focuses solely on price action trading, and has some decent reviews too including this review from ForexCoursesReviewed.Com.

Actually, having learned to read the market from the charts, we, the traders, are finally "at home".
The market is finally clearly readable directly from the chart.
Reading the trend by Peeks and Throughs, using DSWS with PTECZ and TBCZ is the best and final "Holy Grail" of trading.
Starting this thread, I really had no idea where this road leads to.
Today, more and more blocks click together.
I do realise that many, many of you, my friends, have a hard time in getting the grips on the charts.
There are many painful obstacles on the way, mostly connected with our psyche.
You must not give up!
Every time the markets knocks you down, you have got to get up and continue.
Push yourself harder and harder, until things get more and more clear.
This may take a few years, but there is a very, very important factor.
This factor is mutual exchange of ideas, which requires sharing.
It would take me much, much longer to get to where I am today, if it weren't for all the
people I have shared my knowledge and ideas with.
Not only on this forum, because as it seems, there are no people willing to progress with me, here, only newbies.
Thus, I had to go elsewhere, and look around until I have found a small group of guys who are willing and active.
Everybody adds something, perhaps a slightly different perspective on the same thing.
I take it and find the right application.
Alone, we are just "dust in the wind".
Together, we can create wonders.
A pity that the huge majority of my "followers" from this thread are still stuck in their "old sh*t".
There is, actually, only one person, who is still in constant contact with me, and getting the good stuff.
All the others who keep in touch with me, are my natives.

Anyway, still wishing everybody the proper reward this market is ready to give!

May you show a trade explorer please?

Why should I do that?
My results are solely for my information, and the Tax Office - you, my friend have nothing to look for, here.

Because it could be interesting for everyone to know if they're wasting their time with your thread or not. By the way, showing a percentage growth doesn't mean to show money.

I guess it is your problem if you are wasting your time.
I would strongly suggest you give up trading and do something that won't be a waste of your time!
Good luck!

Application of DSWS:

Application of DSWS:

Examples of trading the Dadas Secret Weapon Strategy (DSWS):
DSWS_OnClick_EA.mq4 settings:
HL_Mode - if true, will plot S1/R1 Lines by High/Low, if false, by Open/Close;
Show_Lot_Calc - true will calculate Lot by RiskPercent;
SL_by_Levels - 0 = Piv, 1 = S1/R1, 2 = S2/R2, 3 = S3/R3, 4 = S4/R4;
Fixed_Lot - if input a value > 0, will always use a fixed Lot size;
Pending_Order_Level - 0 = Piv, 1 = S1/R1, 2 = S2/R2, 3 = S3/R3, 4 = S4/R4;
Financial_Goal - if input a value > 0, will attempt to close the order when Profit > Financial_Goal;
Financial_Risk - if input a value > 0, will attempt to close the order when Loss > Financial_Risk;
Auto_Trailing - if true, will trail SL according to fixed scenario by DSWS lines;
By_Ask_Bid - if true, will trail SL as soon as Ask or Bid cross a line, if false, when candle closes above/below line;
BE_by_SL - if true, will move SL to BE when SL Pips reached in Profit;

1. H1 Engulfing Candle & BO Candle Trading

HL_Mode - either true or false, both work;
Pending_Order_Level - 0;
All_Orders - false;
Only_Limit_Orders - true;

1. Recognize the local Price Trend or Tendency;
2. Find the Engulfing Candle or BO Candle in accordance to the Trend;
3. Click on the Engulfing Candle to get DSWS Lines and Lot Calculations;
4. Check if Stop Loss Line is in the correct Market Price (position);
5. When the Engulfing Candle closes, click Buy Limit or Sell Limit Button if and when Market allows;

In this example, the RiskPercent is set to 3.
A Sell Limit Order will be opened on the Pivot Line (Yellow Solid).
SL will be automatically set on the R2 Line.
TP will be automatically set on the S4 Line.
Expected RR, if price reaches TP, is ca. 3.5.

The rest is up to the Market and your chosen other options.
You can trail SL by hand, or just set Auto_Trailing to true.

An example of BO Candle trade on local Bullish trend:


2. Price Action M1 scalping

HL_Mode - true;
Pending_Order_Level - 1;
SL_by_Levels - 1;
All_Orders - false;
Only_Stop_Orders - true;

Trend recognition by Forexprofitsupreme Bars_AutoWidth_by_Dadas.mq4

Click the Buy Stop Button if and when Market allows.
Because this is a no compromise scalping method, SL must be kept tight.
This is "it either goes in trade direction or not" method.
In case the trade gets stopped on SL, we try the next signal:

Or still the following one:

The target should be something like 10 Pips per day, if trading by RiskPercent,
because due to very tight SL, the Lot is relatively high.

My preffered method of DSWS trading:
DSWS_OnClick_EA.mq4;
SymbolPeriod.mq4;
Dadas_Daily_Range_Stats.mq4;
NewsCal-v107.mq4;
m-Candles_BarCandle_Style.mq4;
Forexprofitsupreme Bars_AutoWidth_by_Dadas.mq4
ioms_PriceFiboMTF.mq4;
TicksSeperateVolume_DadasMod.mq4;

My favourite trading Tf is M5, though I also use H1 and sometimes scalp M1.
It depends on the instrument, IOW Spread to Volatility or typical Daily Ranges.

I look for entry signals at important levels, also taking into account Price Action
in relation to the Daily HL Candles in the background.
I understand the typical price behaviours and strategize the possible scenarios.
After all, there are only 3 scenarios: Trend, Correction, Range.
The best method to recognize trend is by reading the Peeks and Throughs.
If anyone ever asks you the question: "How do we know if that's the peek or the through?",
or attempts to ridicule you, this person simply hasn't learned the basics.
Please find and study "Trend recognition by Peeks and Throughs", or similar.
I can only direct you to a Polish forum where my friend has posted a very educative thread:
http://www.forum.forexcity.pl/viewtopic.php?f=4&t=119

So, I strategize, figure out where Long begins, where Short begins, where the "no man's land" is.

And, I can teach you how to do this, but not for free anymore.

My SKYPE is: autobusyuzywane.pl

I'm doing well.

You don't seem to be a good trader therefore I want to be sure that people doesn't waste their time. It seems like they do.

Good Luck (for real).

You have reached an important Resistance Level, and had better watch out at the Support Level.
Because, if you Break that Support, you will go down. And you will.

Otherwise I DGaS what you think.

Please don't litter my thread, because your posts will be removed anyway.

PS. And no, you are not doing well, not even average.
The majority of my friends, who are in permanent contact with me, are doing far more better than you.

Except that you are advertising a certain broker.

Not to mention the fact, that since your are doing so "well", WTF are you looking for on my thread?
Or other people's threads, as well?

And still another thing:
Luck has nothing to do in trading.
Luck is not a factor in trading.
Only consistent execution of your strategy assumptions.

"Quoting Dadas...

nice one.


;o)

trading explorer analisys

for sure is getting overbougt



but it could be worse...

all my accounts ended like this.



great weekend to all.

Don't know what does it mean doing well in Poland. But in the trading industry, there is no profit factor above 2 over a long period time. You still have a lot to learn. There is nothing wrong about sharing on a forum.

I wasn't talking about luck in trading. You don't have the proper mindset.