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Price Action in Day Trading by Dadas

  • #4,121
  • Edited 9:05am Apr 11, 2015 8:19am | Edited 9:05am
Quoting Unabletrader
{quote} 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.
Thank you for your kind advice, Master!

I have nothing against sharing, as long as one is sharing something constructive, not destructive.
You, Master, have shared nothing, but commotion.
Trade the facts, not opinions.
  • #4,122
  • Edited 9:26am Apr 11, 2015 8:55am | Edited 9:26am
Guys, I never said this was going to be easy.
I never promised anybody "a bed of roses".
This is why statistics show that over 95% of traders lose.
Though, I have never, ever seen those statistics, nor where they came from?
Just popular opinions on the internet that everybody is repeating.

I know that there are many psychological factors which hinder our ability to see things as they are,
instead of constantly insisting to see what we choose to see.

The chart is nothing and it means nothing.
The chart is just the graphic representation of price changes in the function of time.
The chart is our tool - that is all it is.
Not a computer game, not anything to interpret - just a tool.
It will give just as easily as it will take your money, as long as there is liquidity.

TRO (The Rumpled One) said: "It's not what you trade, but how you trade it."
There are lots of "whats" we can trade: Moving Averages, Support/Resistance Levels, Pivot Points,
Open to Close Prices of chosen Tf, Channels, Bands, Waves, and a myrriad of other concepts and ideas.
I have even heard of guys trading Astrological Setups.

The important thing is the "How".
The method we understand and know why and when.
We can't get over the psychological factor until we really know how, why and when.
Everything in trading adds up to the Risk/Reward Ratio and Win/Loss Ratio.
Those can only be achieved if and when we know exactly how, when and why.
We lose, because we wait in hope for the price to reach our Take Profit, and
because we don't have the psychological ability to get out of the trade in time.
This is because we refuse to see that the Market is simply not going in our direction in the given trading context.
We often lose because we are afraid to lose and place our Stop Loss on a totaly imaginary level.

This is a totally real Market, not an imaginary one.
This Market fluctuates in certain rythms, which also often change.
Thus, the Stop Loss levels and Take Profit levels are also real.
This is a Balance Market - for every transaction there must be the other side of the deal.

I am repeating myself.
Many people come here and state their opinions, but they have never bothered to read my thread.
They have never even bothered to find out who they are critisizing.
I am sorry, but I can't help anybody who doesn't want my help.

I posted http://www.forexfactory.com/showthre...46#post8198846
and http://www.forexfactory.com/showthre...76#post8198876
having in mind only one person, ioms.

I only thought that this place would be the right place to post the information,
because other people might read some useful information from them.

I am too serious a person to deal with people the likes of Unabletrader,
and frankly, I am wasting my own time even bothering to answer them.

I have already cut myself off from one forum because of people like this.
Perhaps it's time to close this thread, too?
Trade the facts, not opinions.
  • #4,123
  • Apr 11, 2015 1:18pm Apr 11, 2015 1:18pm
Quoting Dadas
I have already cut myself off from one forum because of people like this.
Perhaps it's time to close this thread, too?
You are the thread starter, and you decide what should be done with it.
But don't you mind to wait for some time, maybe 2 or 3 months, for me to finish reading/practicing?
Because the Action relates not only to Price, but to People too.
Considering the state of mind, there are always big and small, doji and breakout ones.
It only takes Time to know who you are.
So, just give everyone the chance to know who they are in this context.
And in the endto let you know - by posting here. Whether you like it or not.
Because this is just the Mind Action.
Psychology is as simple as price movement. If you can read it.
Thank you.
  • #4,124
  • Edited 3:23pm Apr 11, 2015 2:31pm | Edited 3:23pm
In Japan, in a village near the capital lived a wise old samurai. Once, when he gave lessons to his students, he was approached by a young fighter, known for its brutality and cruelty. His favorite technique was a provocation: he led the enemy of himself and, blinded by rage, he took his call, made mistake after mistake, and as a result lost the fight.

The young fighter began to insult the old man: he was throwing stones at him, spitting and cursing last words. But the old man remained calm and continued his studies. At the end of the day tired and irritated young fighter get out.

Students surprise that the old man passed many insults, asked him:

- Why did not you call him to fight? Afraid of defeat?

Old Samurai replied:

- If someone comes to you with a gift and you do not accept it, who will own gift?

- His former master, - said one of the students.

- The same goes for envy, hatred and curses. As long as you do not take them, they belong to the person who brought them.

ps: written as comment to a couple of recent posts from person, e.c. Post 4,117
  • #4,125
  • Apr 11, 2015 6:16pm Apr 11, 2015 6:16pm
Quoting ioms
In Japan, in a village near the capital lived a wise old samurai. Once, when he gave lessons to his students, he was approached by a young fighter, known for its brutality and cruelty. His favorite technique was a provocation: he led the enemy of himself and, blinded by rage, he took his call, made mistake after mistake, and as a result lost the fight. The young fighter began to insult the old man: he was throwing stones at him, spitting and cursing last words. But the old man remained calm and continued his studies. At the end of the day tired...

The old man tells you he has seen many rookies scammed by so-called mentors and gurus. I want to be sure newbies avoid scammers...and if I have to be attacked by groupies like you, it's not big deal. I'm not a seller.

I could have the worst reputation here...and you know what? I wouldn't mind.
  • #4,126
  • Edited 10:31am Apr 12, 2015 12:59am | Edited 10:31am
My way of trading and seeing the Market is not for everyone.
I guess that for at least 95% of traders the information contained in my thread is a watse of time.
Because they are the 95% of losers and will never understand or have enough consistency to get to the point.

My method is for the 1% who have the brains and the guts and the will-power to do it.

Attached Image
Trade the facts, not opinions.
  • #4,127
  • Apr 12, 2015 1:58am Apr 12, 2015 1:58am
And just one more thing:

I don't show any Trade Explorers or such, because those are the real fake stuff.
They are so easy to forge.
In fact, what you probably didn't know, it is so easy to produce a 100% Win Strategy for the Tester.
MT4 has historical data and everyone can download as much historical data as is available.
The Strategy Tester can know at which price the next candle will close.
And, everything else can be forged, even the info about "Real" in the Explorer.

That is why I am the first person to warn others about scammers.

You, my "Young Buddah", have still a long path to go by.
Trade the facts, not opinions.
  • #4,128
  • Apr 12, 2015 5:37am Apr 12, 2015 5:37am
Quoting Dadas
And just one more thing: I don't show any Trade Explorers or such, because those are the real fake stuff. They are so easy to forge. In fact, what you probably didn't know, it is so easy to produce a 100% Win Strategy for the Tester. MT4 has historical data and everyone can download as much historical data as is available. The Strategy Tester can know at which price the next candle will close. And, everything else can be forged, even the info about "Real" in the Explorer. That is why I am the first person to warn others about scammers. You,...


If you're selling sth (there is no problem with that), you should prove your ability to trade. Morever people can verify your MT4 with the investor password. Every trade explorers may be faked but Prop shop or managed solutions brokers keep asking.
  • #4,129
  • Edited 7:13am Apr 12, 2015 6:50am | Edited 7:13am
Quoting Unabletrader
{quote} If you're selling sth (there is no problem with that), you should prove your ability to trade. Morever people can verify your MT4 with the investor password. Every trade explorers may be faked but Prop shop or managed solutions brokers keep asking.
But, I am not selling anything.
The only thing I am selling is this or that instrument, if and when the trend is Down.
Otherwise, when the trend is Up, I am buying.

I don't need to sell my knowledge, and I don't need to prove anything to anybody.

I have said this a million times, and I will repeat it for you:
The method or strategy doesn't trade itself - the trader trades.
The method can be perfect, but what the trader does is a totally different thing.
Thus, my results or your results say nothing about the method, they only say about you or me as a trader.
And, again, even that shows nothing, unless you can show 10 years of profits.
Which still doesn't mean that you can't lose all that profit in a few seconds of the price movement.

Will this fact prove that the method was wrong?
Will this fact prove that someone can't teach how to trade?

So, your results over a few months mean completely nothing.
They only mean that you still have a lot to learn and a lot to experience.
Especially the way you are trading.

And, please, don't tell me that Stop Loss or Margin Call gives you guarantee that you can't lose more than that.
Trade the facts, not opinions.
  • #4,130
  • Apr 12, 2015 8:13am Apr 12, 2015 8:13am
Quoting Dadas
{quote} But, I am not selling anything. The only thing I am selling is this or that instrument, if and when the trend is Down. Otherwise, when the trend is Up, I am buying. I don't need to sell my knowledge, and I don't need to prove anything to anybody. I have said this a million times, and I will repeat it for you: The method or strategy doesn't trade itself - the trader trades. The method can be perfect, but what the trader does is a totally different thing. Thus, my results or your results say nothing about the method, they only say about you...


That's not the question. Of course you can lose all your money in one trade but this isn't about that.

A trading mentor could teach the method, the money managment and the mindset. He can teach his way of being profitable which includes a lot of things and not just the method.

Selling the method only is a kind of scam because the method's impact on being profitable is not that huge. So the question is: Is my mentor/guru/trading coach/financial advisor a profitable trader? If yes, he may teach me the whole package.
  • #4,131
  • Edited 9:01am Apr 12, 2015 8:49am | Edited 9:01am
Quoting Unabletrader
{quote} That's not the question. Of course you can lose all your money in one trade but this isn't about that. A trading mentor could teach the method, the money managment and the mindset. He can teach his way of being profitable which includes a lot of things and not just the method. Selling the method only is a kind of scam because the method's impact on being profitable is not that huge. So the question is: Is my mentor/guru/trading coach/financial advisor a profitable trader? If yes, he may teach me the whole package.
Fine, I never said I wanted to teach you.
I never said I wanted to mentor anybody.
You have a perfect right to choose your mentor, and I don't need to be that person.
And, again, I am not selling any method.
I am sharing my knowledge.
Other people also have the right to read my thread, and you can't forbid them to do so, if they choose to.
Moreover, I have always encouraged people to add something constructive to the method.
Unfortunately, 99% are only takers who want to get something for free, giving nothing in return.
They want a method which will trade for them, their head hurts when they start thinking.

I have presented such an ammount of knowledge in my thread, that you would have to spend thousands on courses,
and still you wouldn't get that knowledge from those courses, and all for free.
I have published in this thread very unique MT4 tools which I created myself - all for free, again.
The DSWS (Dadas Secret Weapon Strategy) is probably one of the most powerful trading tools ever created.
And I have published the script version called Dadas_Secret_Weapon_Script.mq4 and the indicator version
DSWS_OnClick_Indicator_with_LotCalc.mq4 for anyone to download and apply.

I don't know what else I could do for you?
And, I definetely do not want you in my group of FxBuddies.
Trade the facts, not opinions.
  • #4,132
  • Apr 12, 2015 9:04am Apr 12, 2015 9:04am
As I said I'm just here to make newbies aware of the potential scam here. I have nothing against you.

You could hate or love me, it's not important. You don't want to show your results and you wrote that people can pay to get a lesson by Skype. Fine.
  • #4,133
  • Apr 12, 2015 9:16am Apr 12, 2015 9:16am
Quoting Unabletrader
As I said I'm just here to make newbies aware of the potential scam here. I have nothing against you. You could hate or love me, it's not important. You don't want to show your results and you wrote that people can pay to get a lesson by Skype. Fine.
Well, I have got to admit, that you are one of the stupidest people on my thread.
You can't even take a subtle hint to FO.

BTW. You are the one scamming my thread.
Trade the facts, not opinions.
  • #4,134
  • Apr 12, 2015 9:22am Apr 12, 2015 9:22am
Quoting Dadas
{quote} Well, I have got to admit, that you are one of the stupidest people on my thread. You can't even take a subtle hint to FO. BTW. You are the one scamming my thread.
As I said, I'm not here for you. Don't care if you want me to get out you lil scammer.
  • #4,135
  • Apr 12, 2015 10:34am Apr 12, 2015 10:34am
Quoting Dadas
{quote} Well, I have got to admit, that you are one of the stupidest people on my thread. You can't even take a subtle hint to FO. BTW. You are the one scamming my thread.
Hello Dadas,

I am truly sorry to intrude:

If you can, drive this idiot named "Unabletrader" out from your thread.
I lack the words to describe what he does! "Scamming your thread" is not the right description for his action.

On 9th April 2015 he jumped into my thread and wrote nonsense at:
http://www.forexfactory.com/showthre...71#post8193371

Then I gave him public assignments that he has not fulfilled till today!!!

And he is still moving around! Saying nonsense here and there!!!...and looking for enemies!!!

I wonder when FF Admin will take action against him.
  • #4,136
  • Edited 11:46am Apr 12, 2015 11:23am | Edited 11:46am
Quoting iumoren
{quote} Hello Dadas, I am truly sorry to intrude: If you can, drive this idiot named "Unabletrader" out from your thread. I lack the words to describe what he does! "Scamming your thread" is not the right description for his action. On 9th April 2015 he jumped into my thread and wrote nonsense at: http://www.forexfactory.com/showthre...71#post8193371 Then I gave him public assignments that he has not fulfilled till today!!! And he is still moving around! Saying nonsense...
I have already taken proper action.
Just waiting for FF to react.
It's the weekend, so Market is closed.
I hope he gets MC tommorrow.

But, you are right, we should close such trades as soon as we recognise the danger.
In this case, it had to be his first post.

But, then again, that would have only been a Stop Loss.
Trade the facts, not opinions.
  • #4,137
  • Apr 12, 2015 12:19pm Apr 12, 2015 12:19pm
What happened with user Unabletrader has been another lesson to learn from.
This is one of the major problems with trading.
Many people lack humility and think that they are the masters of their life.
The Market shows them that they are not.
However, their mind can't accept that fact, thus everybody else must be wrong.
So, the only conclusion these people can reach is that trading is nothing but gambling.
That there are no Money Management rules, no ways to actually read the Market.
They think that it is called "predicting the price move", and that can't be done.
It is clearly visible on his Trade Explorer, if we study his trades.
The guy is just shooting blindfolded, and getting out of the trades also without any sense.
His trades prove his total inability to read the trend and total ignorance about the Market Mechanics.
But, he can't be wrong, thus everybody else must be wrong, especially those, who know something more.

These guys can't be helped, until they, themselves realise that they are simply lost.
We can only pity them, and let them go their own way.

You know, when we feel the moskito bite, the next moment it becomes a stain of blood on our hand.
Maybe, it's the only thing we can do?

I have also just had the thought, that he could be one of the victims of SNB.
You know what happened when SNB took the brake off the CHF?
Many people, who didn't know a lot about economics thought they would simply trade Long
every time EURCHF dropped down a little, and SNB would take care of their profits.
I kept far, far away from CHF related pairs as soon as SNB started intervening.
During the fatal day, many people lost a lot, lot more then they had thought they were risking.
Some brokers went bankrupt that day.
Many brokers cancelled their clients' losses, but not all of them.
But, the clients of the bankrupt brokers have little hope of getting their money back,
no matter if they had been trading the CHF pairs, or not.
After such events people of the sort will pop up.
Trade the facts, not opinions.
  • #4,138
  • Edited 2:29am Apr 13, 2015 1:59am | Edited 2:29am
Quoting aevo
{quote} You are the thread starter, and you decide what should be done with it. But don't you mind to wait for some time, maybe 2 or 3 months, for me to finish reading/practicing? Because the Action relates not only to Price, but to People too. Considering the state of mind, there are always big and small, doji and breakout ones. It only takes Time to know who you are. So, just give everyone the chance to know who they are in this context. And in the endto let you know - by posting here. Whether you like it or not. Because this is just the Mind...
Greetings aevo!
Don't worry, you can read this thread as long as FF keeps it here!

The psychology factor in trading is strictly related to knowledge.
But not theoretical knowledge, only practical knowledge.
IOW, theoretical knowledge is just the begining of the path.
We do certain things during our trading because we really don't know what will happen next.
We watch the changes of the current Candle and draw conclusions.
It is only practical knowledge which makes us realise that the Market actually works the way it works.
We are Market Mechanics, we trade the charts, we trade the Market Mechanics.
Every Candle has an Open and Close Price, and every Candle has a High and Low Price.
After reaching the High Price, the Candle must make a Low Price.
After reaching the Low Price, the Candle must make a High Price.
There is no other way, no other option.

So, this is only theoretical, for you.
Now, you must make it practical, make it your own.
Then, you will know that this is how it works.
Then, your trading will become just that, the realisation of your strategy assumptions.
Trade the facts, not opinions.
  • #4,139
  • Apr 13, 2015 2:14am Apr 13, 2015 2:14am
I made this little trade this morning:
https://charts.mql5.com/7/525/dax30-...markets-as.png
Why did I close it?
Because I assumed something, I assumed that a Higher Low had formed, so since
the general trend is Up, it would be better to get out while in profit.
But, you can see that I have some lines inside the Candles (HL Bars, actually).
Those are Fibo Retracement 61.8 Levels from higher Tf's.
Thus, I really had no reason to close the trade, yet.
This is what I had been going for:
https://charts.mql5.com/7/525/dax30-...rkets-as-2.png
And this is what I should have been going for in the context of 1 H1 Period:
https://charts.mql5.com/7/525/dax30-...rkets-as-3.png
Trade the facts, not opinions.
  • #4,140
  • Apr 13, 2015 2:43am Apr 13, 2015 2:43am
BTW, aevo, anybody who behaves like user Unabletrader is actually yelling for help.
Only, he is so unaware of himself, that he is denying his own feelings.
He has no concept of what his emotions are.
This is typical, and he is still reading my thread.
Trade the facts, not opinions.
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