Price Action in Day Trading by Dadas | Page 217 | Forex Factory

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Price Action in Day Trading by Dadas

  • #4,321
  • Apr 6, 2016 1:28am Apr 6, 2016 1:28am
Quoting Dadas
{quote} 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.
What is your take on AU, AJ,EJ and GJ? Where they are possibly going? Up or Down? To me its seems they are gonna make a downward motion. At current they are resting a little.
Forex; the game of movements not the game of candles.
  • #4,322
  • Edited 2:30am Apr 6, 2016 1:44am | Edited 2:30am
Quoting sajidkust
{quote} What is your take on AU, AJ,EJ and GJ? Where they are possibly going? Up or Down? To me its seems they are gonna make a downward motion. At current they are resting a little.
I don't predict price movement.
One of the rules of my thread is:
5. No future price movement predictions or private opinions on charts.

Please reffer to: First Post

We are only dealing with facts!
We are not interested in fiction!
Trade the facts, not opinions.
  • #4,323
  • Apr 6, 2016 2:49am Apr 6, 2016 2:49am
Quoting Dadas
{quote} I don't predict price movement. One of the rules of my thread is: 5. No future price movement predictions or private opinions on charts. Please reffer to: First Post We are only dealing with facts! We are not interested in fiction!
Sorry Sir that i missed the point at your first page. After all forex is the game of projections based on movements. Its a different matter, that some people start projecting after something happen and some people project it in advance bases on some evaluations. Sir, in my opinion, setting a TP in itself you are accepting that you are projecting something.

I just tried to know your opinion.

I am good in projecting next price movements and next probable consolidation and S/R area. I do loose trades, I do make mistakes in projections. But i take it all and own it all as part of this business. I enter where people setting there SLs and I stop protecting my profits where people start thinking to make an entry. Anyhow, Please don't mind it, I will upload my AUDJPY ,AUDUSD and EURJPY projection charts and leave it open for your considerations.
Forex; the game of movements not the game of candles.
  • #4,324
  • Apr 6, 2016 3:09am Apr 6, 2016 3:09am
Quoting sajidkust
{quote} Sorry Sir that i missed the point at your first page. After all forex is the game of projections based on movements. Its a different matter, that some people start projecting after something happen and some people project it in advance bases on some evaluations. Sir, in my opinion, setting a TP in itself you are accepting that you are projecting something. I just tried to know your opinion. I am good in projecting next price movements and next probable consolidation and S/R area. I do loose trades, I do make mistakes in projections....
Almost everybody "knows where the price will be", and almost everybody "I told you it would go there"
but, almost everybody loses money in trading.

Going with the price is not predicting it.
Surrendering to the market is not predicting it.
Seeing the facts without making up opinions is not predicting.
Knowing where to place TP is not predicting.
Knowing where to place SL is not predicting.

Please, do not post predictions on my thread!

I make money on charts by following the price and understanding the facts which charts are plotting.
And by understanding the basic economic law of any market and any business: Balance must always be zero!
Trade the facts, not opinions.
  • #4,325
  • Apr 6, 2016 3:15am Apr 6, 2016 3:15am
Quoting Dadas
{quote} Almost everybody "knows where the price will be", and almost everybody "I told you it would go there", but almost everybody loses money in trading. Going with the price is not predicting it. Surrendering to the market is not predicting it. Seeing the facts without making up opinions is not predicting. Please, do not post predictions on my thread!
Too much respect Sir. But too consecutive posts and i have noticed the south and north in. Be happy.
Forex; the game of movements not the game of candles.
  • #4,326
  • Apr 6, 2016 3:24am Apr 6, 2016 3:24am
There is no prediction here:
Attached Image (click to enlarge)
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Only a simple measure and a trading system behind it.
Trade the facts, not opinions.
  • #4,327
  • Apr 6, 2016 3:33am Apr 6, 2016 3:33am
Attached Image (click to enlarge)
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Trade the facts, not opinions.
  • #4,328
  • Apr 6, 2016 3:36am Apr 6, 2016 3:36am
How much is 20 pips worth to you?
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Trade the facts, not opinions.
  • #4,329
  • Apr 6, 2016 3:48am Apr 6, 2016 3:48am
Quoting sajidkust
{quote} Too much respect Sir. But too consecutive posts and i have noticed the south and north in. Be happy.
You see, every time you try to beat the market, the market beats you 4 times.
Every time you try to cheat the market, the market cheats you 4 times.
Every time you try to outsmart the market, the market outsmarts you 4 times.

Every time you simply go with the market, the market goes with you 4 times.

You know, I don't even care that 99% of people don't understand what I'm telling them!
I have tried to "save the world", but they are simply too stupid to open their eyes and see the facts.
But, I am happy I have been able to get a few people out of the Matrix.
Trade the facts, not opinions.
  • #4,330
  • Apr 6, 2016 5:34am Apr 6, 2016 5:34am
Quoting Dadas
{quote} You see, every time you try to beat the market
Ohhhh Sorry, Just noticed the commercial nature of thread. i should have not interrupted you. Sorry I don't agree with any point of your's. They are better and look cute in books while today's market miles away from these thing. Sorry i have to disagree.
Forex; the game of movements not the game of candles.
  • #4,331
  • Apr 6, 2016 5:46am Apr 6, 2016 5:46am
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Trade the facts, not opinions.
  • #4,332
  • Edited 6:24am Apr 6, 2016 5:49am | Edited 6:24am
Quoting sajidkust
{quote} Ohhhh Sorry, Just noticed the commercial nature of thread. i should have not interrupted you. Sorry I don't agree with any point of your's. They are better and look cute in books while today's market miles away from these thing. Sorry i have to disagree.
Absolutely, everyone is entitled to their own opinion.
My thread is not commercial, though FF put it in this section.
I don't sell anything other than contracts on Forex and CFD's.

The market is nothing else but supply and demand.
Wheather it's traded by individuals, groups or machines.
If you fail to understand this, you can, of course build algos based on statistics and probability.
That doesn't change anything, it's still supply and demand.

For us, retail traders, it's just important to know what the fat guys are doing and how that is represented on the charts.
When we know what the chart structures actually mean, in economical terms, we have very little room for mistake.

Problem is, that very few people really understand what's actually going on on the charts!

Most people think, that when the price is going up, it means that some fat guys are buying.
Totally wrong!
If the fat guys were buying when price is going up, they would only lose their money, most of the times.
The fat guys are placing their huge lots where the liquidity is the greatest, in consolidations!
The break of the price out of any consolidation is only the effect of the inbalance, which occured out of that campaign.
IOW, when the fats were buying, there were other fats interested in selling.
At a certain moment there were not enough fats interested in selling at the given prices inside the consolidation market,
thus the price had to break and go up in order to find the interested sellers, in order to realise the unrealised buy orders.
The fats are interested in ranges of price, not only a specific price.

So, where are the orders waiting already?
In other consolidation zones!
Price always travels between consolidations in the given trade context (Tf for example).

And, that's also the reason why the fats can't trade like the retailers.
Retailers must join in the move, because we can't move the price.
The fats must look for liquidity, the other side of the deal, because they can move the price.
Trade the facts, not opinions.
  • #4,333
  • Apr 6, 2016 6:58am Apr 6, 2016 6:58am
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Trade the facts, not opinions.
  • #4,334
  • Edited 7:18am Apr 6, 2016 7:08am | Edited 7:18am
Join in the move and take care of your profit!
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Cause if you don't take care of your profit, the market surely will!
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You decide!
Trade the facts, not opinions.
  • #4,335
  • Apr 6, 2016 12:06pm Apr 6, 2016 12:06pm
Liking the ideas presented. Try to contribute, just soaking in the images first. Thanks for posting.
  • #4,336
  • Edited 4:18am Apr 7, 2016 3:53am | Edited 4:18am
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I placed 8 Pending Stop orders overnight.
Out of which 7 got triggered.
3 made profit, 4 got loss.
Overall I got +82.5 Pips profit in this round.
Attached Image


Of course, the game is still on.
Trade the facts, not opinions.
  • #4,337
  • Apr 7, 2016 5:18am Apr 7, 2016 5:18am
Extra time:
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Managed to trim the loss here a bit.
Leaving this one for now.
Attached Image
Trade the facts, not opinions.
  • #4,338
  • Apr 7, 2016 6:28am Apr 7, 2016 6:28am
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Click to Enlarge Name: GBPUSDM30.png Size: 38 KB

Attached Image
Trade the facts, not opinions.
  • #4,339
  • Apr 7, 2016 6:32am Apr 7, 2016 6:32am
Didn't like the PA.
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Attached Image
Trade the facts, not opinions.
  • #4,340
  • Apr 7, 2016 7:22am Apr 7, 2016 7:22am
My second gamefield are Indices DAX30 & DJI30.
This is the more serious game:
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Trade the facts, not opinions.
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