Price Action in Day Trading by Dadas

Thanks ioms!
Been trying to get some juice with the help of another of my Young Padavans.
Had to do it myself, as always.
Found another Calendar for MT4:
https://www.mql5.com/en/code/15931
Not a perfect one, but at least provides the source code, so I can work with it.

Just an update:

Trading for dummies:

Volume absolutely matters!
Especially, when you know how to apply it.
I used the CandleVolume_09_3_beta.mq4 by enigma4x (to be found on FF).
Plus, I tweaked it for external volume data from Futures markets.

Apart from the statistical data seen in Dadas Control Panel, I used the Dadas_True_Trend_Indi_v3Phi,
thanks to some input from Phillip - if you remeber the "Old Days"!

And, of course, my Top Of The Top - DSWS:

I know, some of you are saying, that I'm only showing history.
But, how do you predict such a swing?

Well, you predict nothing!
There is no need to predict.
You study the Break Levels!

You look for volume Break signals.

You watch the PA on Break of consolidation.

You manage your trade.

That's all there is to it.
No magic tricks, no Holy Grails, no hokus-pokus.

Of course, there are always at least 2 approaches (not including any shades):

The first being the one I call "The Idiot's Approach" (not meaning to abuse anyone!).
This way of trading relies purely on chance (even if basic technical analysis is applied).
It's the Swing Catcher's Approach, where the Trader tries to catch the bottom, or the top going against the trend.

This approach has a number of serious downsides:
1. The Trader must accept a certain number of Stop Losses;
2. Stop Loss is seldom guaranteed by the Broker, thus the risk is high;
3. Profit depends practically solely on the Risk/Reward ratio;
4. The Market has no obligation to fullfill our requirements for Profit;
5. The R/R principle of this game forces the Trader to insist on the required conditions;
6. Again, The Market has no obligation to fullfill our requirements;
7. This often causes long streaks of losses before the Trader catches a run;
8. This requires a very strong psyche, the type only maybe 5% of us have (not to metion, a long account).

The second being the one I call "The Other Idiot's Approach" (not meaning to abuse anyone, including myself!).
This way of trading relies on a lot of knowledge and understanding of the Supply/Demand chart mechanics.
It's the approach, where the Trader reads the charts and waits for the chart to give the signals.
It's the approach, where the Trader knows where to place Market Stop Loss, and knows where the High Probability Target is.
R/R still matters, but it is derived automatically from the above levels, thus the Trader knows when not to trade.

This approach has several downsides which are also the strong sides:
1. This requires hard work and devotion;
2. This requires consistency in performing the daily duties;
3. This requires no opinion on the side of the Trader;
4. This requires patience to wait out, sometimes for many hours, to get the ideal trade conditions;
5. This is only for those who want to make money, not trade (trade = play a game)!

Dadas.
i have been following your post for quite some time and would like to join your Skype group. I understand and will abide by your strict rules. If you agree to my joining how do i find your Skype address please>

It's on the website that's in my profile.

I think Dadas is a good guy but he is deluded and not making consistent money. Prove me wrong.

You were given the unique opportunity to join my group.
You cheated and lied to me.
Thus, you got kicked out.
I can't help you.
After 12 years of failure, you should have realised something about yourself.
You are a loser!

In the thread you using strong statements and for a reader u can be viewed as successful trader. But is it true you are succesfull . As far as I know you dont live from trading. If thats true this tread and your group is pointless for me.

Unfortunately, nobody from ForexFactory.com is doing anything concerning my requests.
I've been reporting and sending them mails, but they are doing completely nothing.
Thus, I am posting the following as a reminder:

Disclaimer:

All of my indicator-tools have been designed in order to assist the Forex Trader in the process of learning Price Action and
the Supply/Demand Trading concept on demo accounts.
Any other usage of these indicator-tools is solely at the risk and responsibility of the individual Trader.
As with any tool, the proper usage depends on proper training and experience.
Any tool can be used in the occasional amateur style, the proffesional skilled craftsmen style, or the artists style!
And, as with any other tool, it can be missused, as well.
It is the investor/trader who makes the final decisions and judges or diagnoses the potential,
and it is the investor who is the amateur, the proffesional skilled craftsman, or the artist!
Just like the manufacturers of the simple hammer can not take responsibility for the effects or damages
arrising from using their simple tool, the creator of the tools presented herein can not take any responsibility,
whatsoever, for the effects or damages arrising directly or indirectly from using theForex Trade Supporting tools.
Loss or Profit in Forex Trading is the sole responsibility and sole risk of the investor/trader, and has nothing to do,
whatsoever, with any available tool, indicator or other computer programme.
There are a number of different factors, other than the tools themselves, which lead to success or failure in any trade,
including Forex Trading. It is extremely important to understand, that it is the investor’s ability to make the right decisions
at the right moments which lead to success, and the tools, no matter how fantastic, are only the Supportive Aid,
and not the decisive factor.

It is strongly advisable to thoroughly learn Price Action in Day Trading by Dadas as explained in this thread,
before applying the tools to your charts and trying to use the concept.

how to trade multiple doji or pinbar

I am a fairly new trader and I read your thread ,I agree with price action trading,would you please tell me how to rule out global positioning and overall trend?
Dadas,Do you have manual of all the tools you used in this strategy?

I have been reading through thread and as it was evolving ,there were many changes,so I'm completely lost right now,as I saw custom zone andle ,then multizone candle,please would you guide me,i want to add Pitch form as well.i prefer using price action strategy better than other packed indicator strategies.

And, what you read here is not the end, either.
It all boils down to understanding how this works and being able to read it from the chart.
What they tell you about Price Action is only the tip of the iceberg.

Basically, it is simple, but somehow difficult for our brains to learn.
It's because the environment of the chart is completely different to our natural environment.
We need time to learn the proper reactions to any environment.
The point is, how much time are you willing to spend in the chart environment?

Making money in trading is not about any overall trend.
It's about the probability of a specific price change in a specific period of time under specific market conditions.
And, it's all on the chart.

The trader needs only to learn to "dance with the chart".
Buy, when it's cheap and moving up.
Sell, when it's expensive and moving down.
Never give away more than you have made.

No, I do not have any written manuals.

PS.
You are lost because your mindset is wrong.
You are looking for rules that work.
There are none - not the way you think.
The Market does not work because someone plots Zone Candle, or DSWS, or any MA, or any Line.
The Markets work only on Supply vs. Demand - even if someone is manipulating.
Still, it is always the imbalance of Buyers vs. Sellers which causes the price to move.

The Fat Fingers are always testing the Markets.
That's why the charts work as they do.
Which direction the price will go depends on wheather the test fails, or succeeds.
How far it will go, depends on several other factors, including macroeconomics.