Very good, so far, gonz.

Price Action in Day Trading by Dadas

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Price Action in Day Trading by Dadas

UPDATE!!! Please, redownload this version of Dadas_HL_Bar_Candles.mq4 !!! I have replaced the files in the first post: url I cleaned up the code and made the Candles unclickable. This will make life easier.

Price Action in Day Trading by Dadas

Yes, look at the dynamics of the Price and the patterns it forms. This is reading the charts! OC don't matter any more! Just HL and the recognition of patterns as they appear, in action, and taking proper action! Now, trading any Tf becomes just the ...

Price Action in Day Trading by Dadas

For Christianfx and all of you Price Action readers, here is my simple indicator to get your charts to look like this: image Here is the parameters input window: image NumberOfBar = how many candles you want to plot in this way. bBarsCounted = ...

Price Action in Day Trading by Dadas

Cleaned this one up to Break Even for the month. image

Price Action in Day Trading by Dadas

Today was a crazy day. Still learning to keep my cool, no matter what! image image image I lost some, then I made it all back up! Unfortunately, I had to leave my trading desk so I closed the GBPJPY early, very too early. AUDJPY was the big ...

Price Action in Day Trading by Dadas

OK, so this one only gave 4 Pips. image I will hunt a Short higher.

Price Action in Day Trading by Dadas

I am also in another trade, on AUDJPY: image I know that here, too, there is a retrace, but as I already have BE set, and I see another potential Short Zone, I am waiting. I can't lose, yet I can potentially gain quite a lot of Pips.

Price Action in Day Trading by Dadas

And, that's where I was supposed to go Long! image Well, next time...

Price Action in Day Trading by Dadas

PS. to the GBPUSD trade: image Actually, I closed this trade in the proper place. If we take a look at M5 at the highlighted area, we see a Pin Bar and a perfect Bullish Engulfing Candle (SBOC). The following 2 Bear Candles are inside the SBOC. ...

Price Action in Day Trading by Dadas

The second trade: image If you look closely, you will wonder why TP didn't trigger? Well, I didn't calculate the spread, and it was a few Pips lower. It was inside the spread, but didn't touch Ask. So, I moved it up a bit, and secured my minimum ...

Price Action in Day Trading by Dadas

Yes, simplify is the correct thing to do. OK, so my first trade, entered yesterday: image One of the worst entries ever! Mainly because I was messing with M5. But, SL held, and backed by some fundamentals, I decided to wait out. Basically, I am ...

Price Action in Day Trading by Dadas

@ Christianfx, I must admit, you are right, my friend. I really got mixed up recently... Hopefully things will get better, now that I have realised it.

Price Action in Day Trading by Dadas

Right, so that was pretty typical: image The Entry was simply bound to get SL'ed. However, a new day, let's see what it brings.

Price Action in Day Trading by Dadas

Anyhow, now is the time to make decisions. image As you can see, my SL held, so now a quick analysis. Seems like there is a new Support Zone. Thus, I move my SL a little higher, to 25 Pips. Thus, my TP must be at 50 Pips. And that's all I can do, ...

Price Action in Day Trading by Dadas

So, no matter how this trade turns out in the end, I must already say that this Entry was bad! It was not waited out, again. I know how this works, why I am making these mistakes. I posted a video about this somewhere in this thread. It is about ...

Price Action in Day Trading by Dadas

So, look at this. Wasn't the Dadas_Fibo_Trade_Layout_Script.mq4 right? image Just this simple rule: SBOC, Price stalls, Enter.

Price Action in Day Trading by Dadas

Cool, I figured it out my way. image Though, Supply/Demand are pretty ambiguous terms. I mean, how can anyone really tell if there is more Supply or more Demand? It really takes just 1 Big Player to move the Price in the opposite direction. I am ...

Price Action in Day Trading by Dadas

OK, so now what? image Short on retrace? If the retrace back up ends with lower High. However, Long is still possible. Because the last H1 Trend Open is still far below.

Price Action in Day Trading by Dadas