Why was it obvious??? There is nothing obvious!!! All that was obvious was that there was a consolidation. And that consolidation was still the pullback (correction) of the upwards impulse. The direction of the price is determined by the guys, who ...

Price Action in Day Trading by Dadas

image When price breaks out higher, expensive becomes cheap. When price breaks down lower, cheap becomes expensive.

Price Action in Day Trading by Dadas

Yes, correct, this is all about exchanging currencies, Buy/Sell. Especially the Forex markets. But, also every other financial instrument - it's all about money, not setups. The Big Guys with loads of money move the price.

Price Action in Day Trading by Dadas

The trigger for short in point A? Well, logically, if you closed long in that area, you should open short. I gave you the answer already in my previous post. The trigger depends on the strategy. Very aggressive entry = small risk, but often SL. ...

Price Action in Day Trading by Dadas

I would ask you a simple question: Why did you close your long where you closed it? And, thus the next simple question: Why didn't you open short exactly where you closed the long? You either have a strategy and a system, or you don't. If you don't, ...

Price Action in Day Trading by Dadas

@filostro How did you figure out that there was demand??? image The market, or otherwise the chart, shows us when and if there is demand, not some imaginary zones or channels! So far, there ain't no demand on this one!

Price Action in Day Trading by Dadas

What is the puprpose of this prediction? It is not what you trade but how you trade it! Your prediction means nothing, unless put into a concrete strategy and system. It is completely pointless to post such hokus-pokus and try to show that you ...

Price Action in Day Trading by Dadas

Nothing is ever obvious in trading the charts. You must see-read what the Market is doing and see the potential reverse levels: image Then, you need to know that it is wise to buy cheap and sell expensive! IOW: Buy at wholesale prices, sell at ...

Price Action in Day Trading by Dadas

Generally, no problem with this strategy, though one of my friends tried trading only on this assumption, and his results weren't so good. Maybe because he didn't filter "momentum" candles in any way, just took every engulfing-type candle and ...

Price Action in Day Trading by Dadas

Why not enter like this? image

Price Action in Day Trading by Dadas

I don't think you realise what you are asking for.

Price Action in Day Trading by Dadas

Yes, one comment: Please start your own thread and stop spamming my thread. You can, freely start your own thread and present your method there. That's one of the purposes of Forex Factory.

Price Action in Day Trading by Dadas

image I really don't think you should be misleading newbies, sizabici. You really have little knowledge about how the market works.

Price Action in Day Trading by Dadas

BTW: One of the most important things every trader, and especially every newbie should learn, before they even think of starting to trade, can actually be found right here, on ForexFactory.com: url This article should be an absolute requirement ...

Price Action in Day Trading by Dadas

PS. sizabici, ask ICM what will happen in a situation like the famous CHF crash. You should be smarter and keep away from brokers who are not insured against such situations, and will ask you to pay all your losses to them, because your SL and SO ...

Price Action in Day Trading by Dadas

You can always translate the site to English. We pay $4.4 per month, we meaning my friend and I. He takes care of the monthly payments, so I never really bothered with the procedure. You need to download the standart package, where you will find the ...

Price Action in Day Trading by Dadas

The SL on the first Short, which was lost, you can see (the little red dash). My SL's are according to DSWS and market peeks/throughs. But, then I quickly trail them manually, first to BE, then following the candles and price. I don't care when I ...

Price Action in Day Trading by Dadas

And a little desert: image

Price Action in Day Trading by Dadas

sizabici, I know nothing about which direction the price will go! I just follow the price, where it is going! I suggest you do the same, instead of trying to see the future! And, openinig positions without placing a Stop Loss order is the most ...

Price Action in Day Trading by Dadas

My trades of the day: image Anybody is welcome to comment.

Price Action in Day Trading by Dadas