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Price Action in Day Trading by Dadas

  • #4,221
  • Oct 8, 2015 8:30am Oct 8, 2015 8:30am
Quoting ItaTrader93
So my reasoning is correct?
If you can only execute your reasoning and take care of your MM.
Trade the facts, not opinions.
  • #4,222
  • Edited 2:48pm Oct 8, 2015 1:51pm | Edited 2:48pm
Dadas, I was looking at an old photo you posted more than 2 years ago.

Maybe you'll think I'm a little crazy, but I'm trying to fully understand the concept !

The question: why didn't you take the candle I signed as the PTECZ?
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-10-08_202433.png Size: 142 KB
It's not over, until I win.
  • #4,223
  • Oct 8, 2015 2:03pm Oct 8, 2015 2:03pm
Quoting ItaTrader93
Dada, I was looking at an old photo you posted more than 2 years ago. Maybe you'll think I'm a little crazy, but I'm trying to fully understand the concept ! The question: why didn't you take the candle I signed as the PTEZC? {image}
First of all!
It is Dadas, and PTECZ !!!
Please get that right!!!

Second, why not?
I could have taken that candle, or the other one, when I saw it.

PS. Attention to detail is what this is about!!!
Trade the facts, not opinions.
  • #4,224
  • Oct 8, 2015 2:58pm Oct 8, 2015 2:58pm
Sorry, I corrected!

Quote
PS. Attention to detail is what this is about!!!

And it is precisely for this reason that I asked the question , to fully understand everything.

In the first pages I read that PTECZ is the candle of opposite direction just after the trend candle , so I thought "why not the candle that stopped the main trend ? ".

Just this.

So I can take either the first or the second?
It's not over, until I win.
  • #4,225
  • Oct 8, 2015 3:12pm Oct 8, 2015 3:12pm
Quoting ItaTrader93
Sorry, I corrected! {quote} And it is precisely for this reason that I asked the question , to fully understand everything. In the first pages I read that PTECZ is the candle of opposite direction just after the trend candle , so I thought "why not the candle that stopped the main trend ? ". Just this. So I can take either the first or the second?
Correct!
The point is to watch PA in and around PTECZ!
Of course, with time, thousands of chart-hours and thorough understandoing of price mechanics,
specifically why price changes, why and when it moves, you will see everything more and more clearly.
Trade the facts, not opinions.
  • #4,226
  • Oct 8, 2015 3:20pm Oct 8, 2015 3:20pm
Quoting Dadas
{quote} Correct! The point is to watch PA in and around PTECZ! Of course, with time, thousands of chart-hours and thorough understandoing of price mechanics, specifically why price changes, why and when it moves, you will see everything more and more clearly.
Ok, I go back to study.
It's not over, until I win.
  • #4,227
  • Oct 9, 2015 3:37pm Oct 9, 2015 3:37pm
Anyway, I want to thank you from the heart , Dadas . I like to learn from all the people that have something to teach , and this thread made ​​me open my eyes to a fundamental aspect of trading.

It doesn't happen every day to read something like this, I can really understand how powerfull is your vision and your "method".

It's a very important piece of the puzzle.

Thank you
It's not over, until I win.
  • #4,228
  • Edited 6:23am Oct 10, 2015 5:33am | Edited 6:23am
Quoting ItaTrader93
Anyway, I want to thank you from the heart , Dadas . I like to learn from all the people that have something to teach , and this thread made ​​me open my eyes to a fundamental aspect of trading. It doesn't happen every day to read something like this, I can really understand how powerfull is your vision and your "method". It's a very important piece of the puzzle. Thank you
I very much appreciate your gratitude!
It just so happens that at least 98% of the people who take my coaching start making money.
Which this is all about.
Just remember that money does not necessarily mean a lot of pips.
Your risk is where your SL is - that's one risk.
The other risk is the time your position is exposed to price fluctuations.
Keep your financial risk at the same level - money-wise!
Minimise your exposure risk by large trade volume and small ammount of pips!
Your trades could be as short as a few seconds with a huge profit and the same financial risk.
And, if you happen to catch a big one, just let it roll and squeeze the pips out!

You might ask how you will know that is a big one?
Well, if you have ever been fishing, it's just about like that.
The angler knows it's a big one long before he sees the fish.
Some of the good anglers know it just by the way the float reacted, or feel it on the line.

And, never let the market make decisions for you!
Your SL must stay where it is!
It is your decision where you put it, by your strategy and MM!
Never move it away and let the market decide!

It is your decision how much you take from the market, by your strategy and MM!
Never let the market make that decision for you, as well!
Trade the facts, not opinions.
  • #4,229
  • Oct 12, 2015 12:33pm Oct 12, 2015 12:33pm
Attached Image (click to enlarge)
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Trade the facts, not opinions.
  • #4,230
  • Oct 12, 2015 12:39pm Oct 12, 2015 12:39pm
Quoting Dadas
{image}
.
Attached Image (click to enlarge)
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  • #4,231
  • Oct 12, 2015 1:51pm Oct 12, 2015 1:51pm
TRO's II_SupDem is a very good indicator.
I preffer my own way of clicking where I see it right.
Trade the facts, not opinions.
  • #4,232
  • Oct 12, 2015 2:14pm Oct 12, 2015 2:14pm
Quoting Dadas
TRO's II_SupDem is a very good indicator. I preffer my own way of clicking where I see it right.
I got this from someone else. Not TRO. On this indicator you can also draw your own supply/demand zones. It is programmed and you can also draw your own zones.
  • #4,233
  • Oct 12, 2015 2:21pm Oct 12, 2015 2:21pm
Quoting Techanalyst
{quote} I got this from someone else. Not TRO. On this indicator you can also draw your own supply/demand zones. It is programmed and you can also draw your own zones.
That's nice.
You know, one can always use the rectangle tool and plot their own zones anytime!
Mine is a whole system and strategy.
I don't rely on indicators.
I use only the fractal signals and my little idea to click on the fractal arrow.
This creates the zone.

Plus the OnClick DSWS incorporated in my human assisted EA.

The whole strategy is incorporated in the EA.
Not only one strategy, but a few different setups are possible.
Trade the facts, not opinions.
  • #4,234
  • Oct 12, 2015 4:38pm Oct 12, 2015 4:38pm
Quick update.

I'm still reading the thread and apply what I see. As soon as I'll begin to trade demo with the PTECZ I will post my results.

I'm also working on other uses of the consolidation area, when I have something concrete I will share with all of you.

Keep studying!
It's not over, until I win.
  • #4,235
  • Oct 12, 2015 4:59pm Oct 12, 2015 4:59pm
Quoting ItaTrader93
Quick update. I'm still reading the thread and apply what I see. As soon as I'll begin to trade demo with the PTECZ I will post my results. I'm also working on other uses of the consolidation area, when I have something concrete I will share with all of you. Keep studying!
I try to trade and combine price action and supply/demand.
  • #4,236
  • Oct 12, 2015 5:23pm Oct 12, 2015 5:23pm
Quoting Techanalyst
{quote} I try to trade and combine price action and supply/demand.
Yes, I'm trying to do the same.

An important thing I'm discovering in these days, it's that in forex 2+2 doesn't necessarily make 4.

No matter how many "signals" you can have or how clear the direction of the market can appear, you always have to wait for price to set up a valid entry signal. That's my opinion.

I'll explain next in detail
It's not over, until I win.
  • #4,237
  • Oct 12, 2015 5:46pm Oct 12, 2015 5:46pm
Quoting ItaTrader93
{quote} Yes, I'm trying to do the same. An important thing I'm discovering in these days, it's that in forex 2+2 doesn't necessarily make 4. No matter how many "signals" you can have or how clear the direction of the market can appear, you always have to wait for price to set up a valid entry signal. That's my opinion. I'll explain next in detail
I totally understand what you mean. These are all just the tools. But combining all the tools that works for you with a valid entry it makes it easier and you have more chance to win than to lose.
  • #4,238
  • Oct 12, 2015 6:29pm Oct 12, 2015 6:29pm
Quoting Techanalyst
{quote} I totally understand what you mean. These are all just the tools. But combining all the tools that works for you with a valid entry it makes it easier and you have more chance to win than to lose.
I totally agree.

I used to apply kind of "rational" approach to the market, but it doesn't work.
It's not over, until I win.
  • #4,239
  • Oct 12, 2015 8:15pm Oct 12, 2015 8:15pm
I just watched this video and want to share it with everyone here. Advice is to always use stop loss.

Inserted Video
  • #4,240
  • Edited 4:43am Oct 13, 2015 4:22am | Edited 4:43am
How is all that going to help him or anybody else?
The guy can't control himself.
Obviously, he can't control the market.
So, what is he?
Obviously, stupid.
He still has no idea what he is dealing with.
He has no strategy.
He trades what he thinks, and doesn't use any protection.

I have told you all people that the first thing you need is knowledge, a whole lot of it.
And you need a strict strategy which precisely details what you do and when you do it.

Never, ever put your life savings under risk!
All you can put to risk is your pocket money!

If you want to let the market decide how much it is going to take from you, you have got to be ready to lose it all!
Trade the facts, not opinions.
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