Price Action in Day Trading by Dadas | Page 211 | 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

  • #4,201
  • Edited 12:57pm Sep 29, 2015 12:46pm | Edited 12:57pm
Quoting sizabici
{quote} Yes, that would have been the best entry I guess, but I personally find troubles on to decide at that level to enter the trade or not? Still learning, and maybe if you would like to share the indicator that plots those little arrows it will help me more on to get the best entries when I have a decision to make. If it is possible, of course. {image}
This indicator is not anything special.
You already have it in MT4 default Bill Williams indicators.
It's simple Fractals, just with a little tweak of mine.

I will repeat, you don't know what to do, because you don't have a strategy.
You must have point by point what to do and when.
Trade the facts, not opinions.
  • #4,202
  • Sep 30, 2015 3:07pm Sep 30, 2015 3:07pm
Quoting Dadas
{quote} This indicator is not anything special. You already have it in MT4 default Bill Williams indicators. It's simple Fractals, just with a little tweak of mine. I will repeat, you don't know what to do, because you don't have a strategy. You must have point by point what to do and when.
I see, if it is simple Fractals that is clear ....
  • #4,203
  • Oct 1, 2015 5:05am Oct 1, 2015 5:05am
Trade of today? was my exit right because of the price action or I should have kept this trade open?>
Attached Image (click to enlarge)
Click to Enlarge Name: 01.10.2015B.png Size: 39 KB
  • #4,204
  • Oct 1, 2015 7:45am Oct 1, 2015 7:45am
Quoting sizabici
Trade of today? was my exit right because of the price action or I should have kept this trade open?> {image}
You are asking wrong questions.
The only answer to your question are the strict assumptions of your strategy.
Either you have a strict strategy and you are following it, or not.
There are no universal truths.
The only universal truth about trading is: Profit must be greater than Loss.
Trade the facts, not opinions.
  • #4,205
  • Oct 1, 2015 1:53pm Oct 1, 2015 1:53pm
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.
I think you have a lot to learn. Dadas is a great mentor. I have been reading his thread for a while before but than I closed my account on forexfactory. Now I am back again and I learned even more than before from his threads. His strategy works. It works really well. You just have to adjust to it and you will make good profit. I have tested his strategy on demo for 5-6 months. It gave me great results. Than I opened another real account with a small deposit, I tested there and it gave me great results. You are the one that needs to learn a lot. One thing I learned throughout my trading career is people like you that come on other threads ask for explorer so on and so forth, you still don't know how to trade properly and you still have a lot to learn. No one needs other people's explorer or statements. You have a demo account try it there for few months, than open a real account with a small deposit, try it there like I did and you will see that it works. If it doesn't work for you, that means you need to find other strategy that gives you good results, good profits. If Dadas strategy gives him back good results, same with me and other people, that doesn't mean that you will adjust to it or some other traders. If you don't understand it find other strategy that you will understand it and you know how to apply it in trading. His strategy is price action plain and simple. It is not easy but with hard work and dedication you will learn and it will give you great results. I have been trading part-time for about five years and I did lose some of the money not a lot because I did small deposits but I did lose. But from that I learned more and more. Patience is the key. Now I have learned and still learning Dadas strategy and it gives me great results. Now I do this full time and I am happy with it. I have other strategies that I apply to my trading that I learned and it gives me positive results but so as Dadas strategy. If you don't like it just don't follow Dadas thread. When you go on other threads and start asking for statements and so on, that shows that you are still an amateur trader and you need to discipline yourself.
  • #4,206
  • Oct 5, 2015 1:15pm Oct 5, 2015 1:15pm
Quoting Dadas
{quote} What is the puprpose of this prediction? 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! {image} There is absolutely no need to predict anything! Just do your job.
do you have some problem?
My forecast was exact.
Market was telling.
  • #4,207
  • Edited 2:30pm Oct 5, 2015 2:18pm | Edited 2:30pm
Quoting filostro
{quote} do you have some problem? My forecast was exact. Market was telling.
One of the rules of my thread: No predictions!

General rules for thread:
1. No predictions about future price movement.
2. No private opinions about future price movement.
3. Fundamental hints allowed, as long as in: "Watch PA on ..., because ..." style.
4. Critisism of my method and/or myself, and attempts to prove me wrong will be treated as
violation of Forum #1Rule: Respect the Fellow Trader.
5. People who take no interest in my method for whatever reasons are
welcome to post on my thread as long as they show proper respect to the
thread starter, other readers, respect the Forum rules, and respect the thread rules.

Anybody who fails to follow the above rules shall be added to my ignore list and cleanedup.
Trade the facts, not opinions.
  • #4,208
  • Oct 5, 2015 6:57pm Oct 5, 2015 6:57pm
Hy Dadas.

I just started to read the thread from the beginning, as I really love PA approac and you particular wiev.

I'm ready to read the whole thread with no problems, but i'd like to know if there is some part you have trashed or just ri-elaborated, so I will skip it.
It's not over, until I win.
  • #4,209
  • Oct 6, 2015 6:01am Oct 6, 2015 6:01am
Quoting ItaTrader93
Hy Dadas. I just started to read the thread from the beginning, as I really love PA approac and you particular wiev. I'm ready to read the whole thread with no problems, but i'd like to know if there is some part you have trashed or just ri-elaborated, so I will skip it.
I am a courious and ever-searching human-being, ever speeding forwards, evolving.
I am not giving anybody a copy-strategy which any stupid guy can follow.
I am giving you knowledge you can learn and apply to your trading strategy.
For some people learning is a waste of time, because their head hurts when they must think a little.
They want a dumb system they can copy.
I doubt if such people ever win in trading.

There is a whole lot of knowledge in this thread.
Trade the facts, not opinions.
  • #4,210
  • Oct 6, 2015 6:19am Oct 6, 2015 6:19am
Quoting Dadas
{quote} I am a courious and ever-searching human-being, ever speeding forwards, evolving. I am not giving anybody a copy-strategy which any stupid guy can follow. I am giving you knowledge you can learn and apply to your trading strategy. For some people learning is a waste of time, because their head hurts when they must think a little. They want a dumb system they can copy. I doubt if such people ever win in trading. There is a whole lot of knowledge in this thread.
Maybe I misunderstood your answer. I hope it.

After all, English is not my native language. But if I understand correctly, your answer is very childish, and if you had spent 2 seconds longer on my post you would have understood.

As I said, I love your wiev and I started reading your thread from the beginning. But since the first post has been more than two years, I was wondering if maybe some concept could be changed, in order to not have to concentrate on matters optimized later.

I do not think is a crazy request, in any case i'll continue to read this beautiful thread.
It's not over, until I win.
  • #4,211
  • Oct 6, 2015 6:21am Oct 6, 2015 6:21am
FYI, i'm spending about 12 hours a day on forex.

I'm not that kind of person who wants a "dumb system to copy".

Best regards Dadas,
It's not over, until I win.
  • #4,212
  • Oct 6, 2015 6:40am Oct 6, 2015 6:40am
Quoting ItaTrader93
FYI, i'm spending about 12 hours a day on forex. I'm not that kind of person who wants a "dumb system to copy". Best regards Dadas,
Welcome to the Club, then!
Trade the facts, not opinions.
  • #4,213
  • Oct 6, 2015 7:43am Oct 6, 2015 7:43am
Quoting sizabici
Trade of today? was my exit right because of the price action or I should have kept this trade open?> {image}
Why do you need to ask this person for help....your trades are fine...and he is an arrogant f##khole. Fractals..."with a little tweak of my own".... Dream on shithead...you could tweak your pecker with a pair of needle nosed pliers...if you even know what they are or have a strategy to use them...Ignore me...no great loss....ha ha .
  • #4,214
  • Oct 6, 2015 8:07am Oct 6, 2015 8:07am
Quoting Forexmeoff
{quote} Why do you need to ask this person for help....your trades are fine...and he is an arrogant f##khole. Fractals..."with a little tweak of my own".... Dream on shithead...you could tweak your pecker with a pair of needle nosed pliers...if you even know what they are or have a strategy to use them...Ignore me...no great loss....ha ha .
Thank you for your humble opinion!
Much appreciated, though not in accord with this thread rules, nor with Forex Factory rules, and shall be removed.

BTW. I think you should check on your Aussie English!
We are assertive.
You are arrogant!
Trade the facts, not opinions.
  • #4,215
  • Oct 6, 2015 12:13pm Oct 6, 2015 12:13pm
Quoting Dadas
{quote} Thank you for your humble opinion! Much appreciated, though not in accord with this thread rules, nor with Forex Factory rules, and shall be removed. BTW. I think you should check on your Aussie English! We are assertive. You are arrogant!
Just ignore people like this. Can you please continue posting your charts so we can all learn your strategy. Thanks.
  • #4,216
  • Oct 6, 2015 12:25pm Oct 6, 2015 12:25pm
Quoting Techanalyst
{quote} Just ignore people like this. Can you please continue posting your charts so we can all learn your strategy. Thanks.
I would gladly do so, but my present charts use pretty complex tools that I will not give away.
I suggest that you ask me for a DSWS analysis of a specific situation, and I will gladly post my reply.
Trade the facts, not opinions.
  • #4,217
  • Oct 8, 2015 6:51am Oct 8, 2015 6:51am
Ok Dadas, I'm reading the entire thread.

I'm proceeding slowly so I can get every concept stable in my mind.

I want to post a chart, just to see if I'm on the right way.

EURUSD, 30M chart on W1 Zone.

Step by step:

- I draw the PTECZ
- Price goes up and breaks out the PTZEC (this could had been a good entry point)
- Price turns down and makes a lower min (1), then breaks out the PTZEC zone again and pulls back on the lower side of the same zone(2). Now, is it right to think that candle(3) would not have been a good L entry, as the market made a lower min. before?
-I think best entries is at candle(4) or at candle(5). I also drew another PTZEC in the bigger one.

I didn't take any entries, I'd just like to know if this makes sense.

EDIT: I saw just now that on candle(5) you would have also had the D1 support zone.
Attached Image (click to enlarge)
Click to Enlarge Name: best.png Size: 15 KB
It's not over, until I win.
  • #4,218
  • Oct 8, 2015 7:55am Oct 8, 2015 7:55am
Damn Man, I am beginning to understand the potential of this wiev , and if I am not taking a mistake I should not wonder if you were to hold an average of 100+ pips per day.

Thank you for sharing.
It's not over, until I win.
  • #4,219
  • Oct 8, 2015 8:06am Oct 8, 2015 8:06am
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m30-admiral-markets-as.png Size: 81 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m30-admiral-markets-as-2.png Size: 81 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m30-admiral-markets-as-3.png Size: 82 KB


If you had entered at the first break out, the least you should take is Break Even+.
You don't enter Long when price is going down.
The rest is up to your MM.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m30-admiral-markets-as-4.png Size: 80 KB
Trade the facts, not opinions.
  • #4,220
  • Oct 8, 2015 8:22am Oct 8, 2015 8:22am
So my reasoning is correct?
It's not over, until I win.
1 trader viewing now