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Price Action in Day Trading by Dadas

  • #4,401
  • Edited 8:29am Aug 14, 2016 8:14am | Edited 8:29am
Quoting Hmsr
Short?
Depends what you are trading.
For some people could be Long, for others could be Short.
All depends from where to where.

Here the Stop Loss Levels:
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 37 KB

You start your trading from where the Stop Loss is.
Then you decide if it's worth the deal.
Trade the facts, not opinions.
  • #4,402
  • Aug 31, 2016 7:25pm Aug 31, 2016 7:25pm
Hello Dadas

I went through some pages of your thread but I'm a bit confused.
Your strategy is about price action or supply and demand?
Because you mentioned in early posts Sam Saiden and some of your charts looks like supply and demand chart but the thread name is "price action in day trading...".
I like your statement of no prediction but just reading the chart and the fact that you do not want to use indicators.
Please let me know more about your current strategy.
Are early posts still relevant or no?

Cheers
Merka
  • #4,403
  • Edited Sep 2, 2016 5:46am Sep 1, 2016 2:28pm | Edited Sep 2, 2016 5:46am
Quoting Merka
Hello Dadas I went through some pages of your thread but I'm a bit confused. Your strategy is about price action or supply and demand? Because you mentioned in early posts Sam Saiden and some of your charts looks like supply and demand chart but the thread name is "price action in day trading...". I like your statement of no prediction but just reading the chart and the fact that you do not want to use indicators. Please let me know more about your current strategy. Are early posts still relevant or no? Cheers Merka
All posts are equally relevant.
One can't be successful until one understands what the charts say about the market.
All indicators and/or other tools are just helpers, frames of refference.
It's the trader who trades, and either takes profit over loss, or supplies the market.

There is nothing other on the charts than only a graphical representation of Supply vs. Demand.
Price Action is the representation of supply vs. demand.
The whole exchange idea is based on supply vs. demand, and there is nothing else to it.
Price goes up because of imbalance between buyers and sellers (more buyers than sellers).
Price goes down because of imbalance between sellers and buyers (more sellers than buyers).
The violent moves arrise because the big guys get out of the market leaving a big liquidity gap, most of the times.

When one truely understands the mechanics of the price movements, one can do magic with their tools.
Trade the facts, not opinions.
  • #4,404
  • Sep 2, 2016 6:01am Sep 2, 2016 6:01am
Word of advice, to all those who are watching and listening to all the trading gurus around.

Though it is true that these people do know a bit more than you do, it is also to be stressed
that 99.9% of them only repeat what they had been thought, and that is usually only the very tip of the iceberg.

I very much encourage you all to use your brains and experiment a lot, make your own conclusions!
Trade the facts, not opinions.
  • #4,405
  • Sep 2, 2016 5:24pm Sep 2, 2016 5:24pm
Quoting Dadas
Word of advice, to all those who are watching and listening to all the trading gurus around. Though it is true that these people do know a bit more than you do, it is also to be stressed that 99.9% of them only repeat what they had been thought, and that is usually only the very tip of the iceberg. I very much encourage you all to use your brains and experiment a lot, make your own conclusions!
Thanks for the advice.
Cheers.
Merka
  • #4,406
  • Nov 30, 2016 6:46am Nov 30, 2016 6:46am
Good thread.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #4,407
  • Dec 24, 2016 8:35am Dec 24, 2016 8:35am
Inserted Video
Trade the facts, not opinions.
  • #4,408
  • Dec 24, 2016 9:19am Dec 24, 2016 9:19am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 43 KB
Trade the facts, not opinions.
  • #4,409
  • Dec 24, 2016 9:20am Dec 24, 2016 9:20am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 44 KB
Trade the facts, not opinions.
  • #4,410
  • Dec 31, 2016 1:09pm Dec 31, 2016 1:09pm
Szczęśliwego Nowego Roku!

Einen guten Rutsch ins neue Jahr!

Счастливого Нового Года!

Happy New Year 2017!


  • #4,411
  • Jan 23, 2017 10:31am Jan 23, 2017 10:31am
Quoting Dadas
My preffered method of DSWS trading: DSWS_OnClick_EA.mq4; SymbolPeriod.mq4; Dadas_Daily_Range_Stats.mq4; NewsCal-v107.mq4; m-Candles_BarCandle_Style.mq4; Forexprofitsupreme Bars_AutoWidth_by_Dadas.mq4 ioms_PriceFiboMTF.mq4; TicksSeperateVolume_DadasMod.mq4; {image} My favourite trading Tf is M5, though I also use H1 and sometimes scalp M1. It depends on the instrument, IOW Spread to Volatility or typical Daily Ranges. I look for entry signals at important levels, also taking into account Price Action in relation to the Daily HL Candles in the background....
Hello, Dadas. where you can download your indicators?
  • #4,412
  • Jan 31, 2017 11:28am Jan 31, 2017 11:28am
Quoting nikkiM
{quote} Hello, Dadas. where you can download your indicators?
Hello,

Nowhere.
I can teach you how to make money trading.
But, what you do with that knowledge is completely up to you.
If interested, catch me on SKYPE.
Trade the facts, not opinions.
  • #4,413
  • Edited 9:55am Feb 12, 2017 8:29am | Edited 9:55am
I would like to express my sincere gratitude to one by the nick Enigma4x!
I've been thinking of coding volume into candles for ages.
The ready solution just came to me today.

Unfotunately, Enimga4x has disappeared from reach.
I would like to return him the favor and show him profitable, high probability trading.
Trade the facts, not opinions.
  • #4,414
  • Edited 12:11pm Feb 16, 2017 11:44am | Edited 12:11pm
Quoting Dadas
I would like to return him the favor and show him profitable, high probability trading.
.

Hello Dadas. Could you share from your experience what % return you can get from high probability trading u talking about. Thanks
  • #4,415
  • Feb 17, 2017 1:37pm Feb 17, 2017 1:37pm
Quoting spawelz
{quote}. Hello Dadas. Could you share from your experience what % return you can get from high probability trading u talking about. Thanks
Myself, personally, 10% - 20%.
My best students, 50% - 80%.
Trade the facts, not opinions.
  • #4,416
  • Feb 24, 2017 9:56am Feb 24, 2017 9:56am
Of course, the above is per trading day.
Trade the facts, not opinions.
  • #4,417
  • Feb 24, 2017 10:34am Feb 24, 2017 10:34am
Whaaaaattttttt??? I was thinking it is yearly. Now you got me interested
  • #4,418
  • Feb 24, 2017 4:10pm Feb 24, 2017 4:10pm
Quoting spawelz
Whaaaaattttttt??? I was thinking it is yearly. Now you got me interested
It requires very hard work.
And, from my experience with others whom I mentor, very few can really grasp the methodology.
Plus, it requires very strict conduct on the trader.

People expect some Holly Grail which will make money for them.
There is no such thing.
There is no magic indicator, no magic tool.

However, there is a very precise methodology based on typicality.
It also requires a change of view on what a chart is, and what it means to make money.

If you want, you can join my SKYPE group.
However, I must warn you that I have very strict rules, and members are only allowed to disscuss
my methodology, only post screens presenting my methodology, and are not allowed to post any opinions.
The only argument allowed on my group is the full set of screens presenting chart measurements
from H4, through H1, down to M5/M1, and trade setup measurements - I provide the tools for that.

BTW. I welcome English speakers.
Trade the facts, not opinions.
  • #4,419
  • Edited 8:33am Mar 21, 2017 7:40am | Edited 8:33am
@ euclid,

Unfortunately, I can't post on noncommercial threads.

Any idea why I get file error on NewsCal 1.08?
I have tried all the possible feed url's from FF.

BTW - the DailyFx feed is no longer available.

PS. Can anyone repost this to euclid's thread?
Trade the facts, not opinions.
  • #4,420
  • Mar 21, 2017 11:20am Mar 21, 2017 11:20am
Quoting Dadas
@ euclid, Unfortunately, I can't post on noncommercial threads. Any idea why I get file error on NewsCal 1.08? I have tried all the possible feed url's from FF. BTW - the DailyFx feed is no longer available. PS. Can anyone repost this to euclid's thread?
Hi Dadas,
I reposted in @ euclid's threads

https://www.forexfactory.com/showthr...53#post9691853


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