Eurusd is entering in demand zone and buyers should begin to appear from 1,1170 - 1,1130
Attached Image (click to enlarge)
Price Action in Day Trading by Dadas
- #4,182
- Edited 5:11am Sep 22, 2015 4:58am | Edited 5:11am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Eurusd is entering in demand zone and buyers should begin to appear from 1,1170 - 1,1130 {image}
It is not what you trade but how you trade it!
Your prediction means nothing, unless put into a concrete strategy and system.
It is completely pointless to post such hokus-pokus and try to show that you "know" something others don't.
You know nothing, just as I know nothing, and everybody else knows nothing.
All we know, is where the price is going at the given moment!
There is absolutely no need to predict anything!
Just do your job.
Trade the facts, not opinions.
- #4,183
- Edited 2:25pm Sep 22, 2015 11:32am | Edited 2:25pm
- | Commercial User | Joined Sep 2012 | 3,282 Posts
@filostro
How did you figure out that there was demand???
The market, or otherwise the chart, shows us when and if there is demand, not some imaginary zones or channels!
So far, there ain't no demand on this one!
How did you figure out that there was demand???
The market, or otherwise the chart, shows us when and if there is demand, not some imaginary zones or channels!
So far, there ain't no demand on this one!
Trade the facts, not opinions.
- #4,185
- Sep 23, 2015 6:02am Sep 23, 2015 6:02am
Dear Dasas, would you like please to post your comment and point of view about the attached picture with regards at the GBPUSD? And here, I am refering especially to point A and B. You may ask of course why I did not opened the order at A? Also, I know it is not right to jump up the train while it is moving, but I cound not omit, overlook the very big potential of the brake down while the price action was pointing the same .... so I opened the order in point B. With other words, what would have had been the triggering element in point A, of course, referring to price action? 
- #4,186
- Sep 23, 2015 9:28am Sep 23, 2015 9:28am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Trade the facts, not opinions.
- #4,187
- Sep 23, 2015 9:58am Sep 23, 2015 9:58am
Ok Dadas,
1- at that level the long position was partialy closed as you may see, and it has beeen closed at BE.
2- mmm.... answering with a question with question? that is still a question for you? got no aswering from you sir: "what would have had been the triggering element in point A, of course, referring to price action?" - please comment in detail... I would really apreciate to see your point of view!
3- I am following a strategy of course and the flexibility of any trader it is a must, and in did, we do not shoot gaily ... and because of the flexibility we have to try to learn from others as well if it is possible, isn't it?
4- trading as business and with a steady income!
1- at that level the long position was partialy closed as you may see, and it has beeen closed at BE.
2- mmm.... answering with a question with question? that is still a question for you? got no aswering from you sir: "what would have had been the triggering element in point A, of course, referring to price action?" - please comment in detail... I would really apreciate to see your point of view!
3- I am following a strategy of course and the flexibility of any trader it is a must, and in did, we do not shoot gaily ... and because of the flexibility we have to try to learn from others as well if it is possible, isn't it?
4- trading as business and with a steady income!
- #4,188
- Sep 23, 2015 12:26pm Sep 23, 2015 12:26pm
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Trade the facts, not opinions.
- #4,189
- Edited 2:00am Sep 24, 2015 1:33am | Edited 2:00am
Ok Thanks, I apreciate for you explanation... and feel free please always to comment ... that is how I would like to learn from you because it seems you are quite good at price action and also i would like and it will be highlly apreciated when you post new trades of yours to comment a bit more in details what were the facts and factors that made you to open the position ... PLEASE GIVE to the comunity YOUr point of view!!! Attached are the trades of today 
- #4,190
- Sep 25, 2015 6:30am Sep 25, 2015 6:30am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Trade the facts, not opinions.
- #4,191
- Sep 25, 2015 7:20am Sep 25, 2015 7:20am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
When price breaks out higher, expensive becomes cheap.
When price breaks down lower, cheap becomes expensive.
Trade the facts, not opinions.
- #4,192
- Edited 1:07pm Sep 26, 2015 12:54pm | Edited 1:07pm
Hi Dadas, in the picture you may see a losing trade. Can you please to comment a bit! For me at that time it seemed very obviouse to open a selling possition. Can you please to specify your point of view ? After 24h I am still contemplating .... NOW it seems eloquent that C was the right moment... 
- #4,193
- Edited 6:15am Sep 27, 2015 5:45am | Edited 6:15am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Hi Dadas, in the picture you may see a losing trade. Can you please to comment a bit! For me at that time it seemed very obviouse to open a selling possition. Can you please to specify your point of view ? After 24h I am still contemplating .... NOW it seems eloquent that C was the right moment... {image}
There is nothing obvious!!!
All that was obvious was that there was a consolidation.
And that consolidation was still the pullback (correction) of the upwards impulse.
The direction of the price is determined by the guys, who have a lot of money, not by what seems obvious to you!
On the other side:
The most basic element for a trader to learn is to know what is impulse, and what is correction.
Trade the facts, not opinions.
- #4,194
- Sep 27, 2015 6:31am Sep 27, 2015 6:31am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Trade the facts, not opinions.
- #4,195
- Edited 9:24am Sep 27, 2015 7:05am | Edited 9:24am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
If you took the downwards slope as the impulse and wanted to trade short
from the correction of this impulse, all you needed to know was where the
logical, market Stop Loss levels were.
This is where every trader should start.
And from there you calculate your Lot according to the SL distance, so your Risk
is not more than you can afford to lose, or by your strategy.
At the moment of the consolidation, the up pullback broke SL(3) level, so your SL was SL(2).
Thus, I still dare say, that you don't have a strategy.
Most probably, you don't even know what a strategy really is.
You only have trading ideas.
from the correction of this impulse, all you needed to know was where the
logical, market Stop Loss levels were.
This is where every trader should start.
And from there you calculate your Lot according to the SL distance, so your Risk
is not more than you can afford to lose, or by your strategy.
At the moment of the consolidation, the up pullback broke SL(3) level, so your SL was SL(2).
Thus, I still dare say, that you don't have a strategy.
Most probably, you don't even know what a strategy really is.
You only have trading ideas.
Trade the facts, not opinions.
- #4,196
- Sep 28, 2015 11:09am Sep 28, 2015 11:09am
Dear Dadas, thank you very much for your comment... It is really appreciated and I would really like that you will always do the same... Constructive criticism, along smart explanations is enlightenment for the student. Great...
Attached is the trade of the day... 
Attached is the trade of the day...
- #4,197
- Sep 28, 2015 11:54am Sep 28, 2015 11:54am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Trade the facts, not opinions.
- #4,198
- Sep 29, 2015 6:08am Sep 29, 2015 6:08am
Ok. Dear Dadas, would you like please to point were would have been the right entries for the attached chart? it seems that I am too precipitated, and at least, that is how I felt today ... Please, leave your comment as well. From your comments, I am learning the best! Best regards 
- #4,199
- Sep 29, 2015 6:29am Sep 29, 2015 6:29am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Ok. Dear Dadas, would you like please to point were would have been the right entries for the attached chart? it seems that I am too precipitated, and at least, that is how I felt today ... Please, leave your comment as well. From your comments, I am learning the best! Best regards{image}
I can't say more, because I don't know your MM.
If your SL was 2 times your profit, that is bad MM.
Because 1 SL will take all your profit.
But, I also don't know how good you are at cutting losses?
Do you wait for SL, or do you cut your losses by hand?
The final element which will decide about your profits in the long run, is MM.
From my present point of view, the best trade is this:
Trade the facts, not opinions.
- #4,200
- Sep 29, 2015 9:23am Sep 29, 2015 9:23am
{quote} Your trades are good, because they are profitable. I can't say more, because I don't know your MM. If your SL was 2 times your profit, that is bad MM. Because 1 SL will take all your profit. But, I also don't know how good you are at cutting losses? Do you wait for SL, or do you cut your losses by hand? The final element which will decide about your profits in the long run, is MM. From my present point of view, the best trade is this: {image}
