Price Action in Day Trading by Dadas | Page 216 | Forex Factory

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Price Action in Day Trading by Dadas

  • #4,301
  • Feb 16, 2016 1:17am Feb 16, 2016 1:17am
Quoting Dadas
{quote} Magic, my friend! https://www.youtube.com/watch?v=m7Bn...ature=youtu.be PS. The target levels are calculated upon 7 candles, so as to enter upon pullback, if market is giving such opportunity.
can hear anything
  • #4,302
  • Feb 17, 2016 2:52am Feb 17, 2016 2:52am
Quoting priceaction9
{quote} can hear anything
C/z I didn't say anything!
Trade the facts, not opinions.
  • #4,303
  • Feb 18, 2016 6:40am Feb 18, 2016 6:40am
Quoting Dadas
{quote} C/z I didn't say anything!
:-)
  • #4,304
  • Mar 17, 2016 3:55pm Mar 17, 2016 3:55pm
Hello Dadas and everybody
What do you think about my order? Is correct?
Thanks & Regards
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  • #4,305
  • Mar 18, 2016 4:41am Mar 18, 2016 4:41am
Hi
My orders was profitable, but where target?
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  • #4,306
  • Mar 18, 2016 7:14am Mar 18, 2016 7:14am
Have closed order later than must, profit +11pp and open again
and EURUSD SL moved to +25 level, how decide where target?
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  • #4,307
  • Mar 18, 2016 9:53am Mar 18, 2016 9:53am
Quoting safrash
Hi My orders was profitable, but where target? {image}
How can you place an order without having a target set? how do you calculate your risk reward when you enter a trade?
  • #4,308
  • Mar 18, 2016 10:57am Mar 18, 2016 10:57am
Quoting priceaction9
{quote} How can you place an order without having a target set? how do you calculate your risk reward when you enter a trade?
My R/R is 1:3 but don't know how be with concept PTECZ and CSEZ
  • #4,309
  • Edited 2:22pm Mar 24, 2016 1:42pm | Edited 2:22pm
Most stupid way of trading!
I really don't understand people who sell when price is going up, and buy when price is going down.

Most basic chart mechanics: Impulse - Pullback.
Pullback is not reversal of trend!
It is just a correction, a consolidation.
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When you see a Bullish impulse, you look to Buy on the pullback:
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Pullback is in fact PTECZ.

Quoting priceaction9
{quote} How can you place an order without having a target set? how do you calculate your risk reward when you enter a trade?
Most important! Never give away more than you've made!
If someone made a profit of +11 pips then that's all one can give away.
Otherwise one will never make profit.
Trade the facts, not opinions.
  • #4,310
  • Mar 24, 2016 2:37pm Mar 24, 2016 2:37pm
Quoting Dadas
{quote} Most important! Never give away more than you've made! If someone made a profit of +11 pips then that's all one can give away. Otherwise one will never make profit.
When I trade, I do set my target, but if I see any little pullback, I close it manually. I'm a day trader, I want to make a profit. Even if it is smaller than where I placed my take profit, I am happy if I see a tiny pullback and I close the profit manually I'm still in positive profit.
  • #4,311
  • Mar 24, 2016 2:52pm Mar 24, 2016 2:52pm
Quoting Techanalyst
{quote} When I trade, I do set my target, but if I see any little pullback, I close it manually. I'm a day trader, I want to make a profit. Even if it is smaller than where I placed my take profit, I am happy if I see a tiny pullback and I close the profit manually I'm still in positive profit.
Did you know that we can actually set the target realistically?
And it has nothing to do with predicting anything.
It is based on pure statistics of typical behaviour of the given instrument.

Example:
EURUSD for intraday trading.
What is the typical pip range we can expect to get in one trade?
10-15-20 pips max.
We forget chasing big moves!
We concentrate on steady, regular, repeatable conditions.

What do we need to get those pips?
An impulse of 50 - 70 pips = that's our trade direction.
A pullback of ca. 30 pips.
We look to enter on PA near the extreme of the pullback.
Our target is the high probability of at least the retest of the high/low area of the impulse.
Trade the facts, not opinions.
  • #4,312
  • Mar 25, 2016 7:54am Mar 25, 2016 7:54am

Happy Easter Everybody!

Trade the facts, not opinions.
  • #4,313
  • Mar 25, 2016 10:53am Mar 25, 2016 10:53am
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Trade the facts, not opinions.
  • #4,314
  • Mar 25, 2016 3:51pm Mar 25, 2016 3:51pm
Price finally got there.
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Trade the facts, not opinions.
  • #4,315
  • Mar 28, 2016 3:34pm Mar 28, 2016 3:34pm
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Trade the facts, not opinions.
  • #4,316
  • Mar 31, 2016 5:52am Mar 31, 2016 5:52am
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Trade the facts, not opinions.
  • #4,317
  • Apr 5, 2016 3:00am Apr 5, 2016 3:00am
Quoting Dadas
Happy Easter Everybody!

You too mate
  • #4,318
  • Apr 5, 2016 8:17am Apr 5, 2016 8:17am
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Trade the facts, not opinions.
  • #4,319
  • Apr 5, 2016 8:12pm Apr 5, 2016 8:12pm
Put a reverse order on the stop-loss? Do you do that frequently?
  • #4,320
  • Apr 6, 2016 1:22am Apr 6, 2016 1:22am
Quoting fxfury
Put a reverse order on the stop-loss? Do you do that frequently?
That wasn't automatic.
Yes, I do that when I see that the price is obviously going in the other direction than my trade.
And that direction is in accord with the bigger trend.
Trade the facts, not opinions.
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