Attachments: Price Action in Day Trading by Dadas

Price Action in Day Trading by Dadas

#721
Apr 11, 2013 9:38am Apr 11, 2013 9:38am

Dadas
| Commercial User | Joined Sep 2012 | 3,282 Posts

Seems like the process is not over, yet:

UPDATE - UPDATE - UPDATE - UPDATE
Custom_Zone_Candle_with_Index.mq4
UPDATE - UPDATE - UPDATE - UPDATE

I have upgraded the PTECZ_Label function:
To make things shorter, look at the picture:

Attached Image (click to enlarge)

Click to Enlarge

Name: eurusdm30.png
Size: 63 KB

Instead of inputting the PTECZ_Label_Tf, now you only
turn on/off the one or ones you want to see:
Show_MN_PTECZ_Label true/false
Show_W1_PTECZ_Label true/false
Show_D1_PTECZ_Label true/false
Show_H4_PTECZ_Label true/false
Show_H1_PTECZ_Label true/false
Show_M30_PTECZ_Label true/false
Show_M15_PTECZ_Label true/false
Show_M5_PTECZ_Label true/false
Show_M1_PTECZ_Label true/false

You can see one, all, or any combination you choose!

Just, in If_PTECZ_Label_FontSize you can make it smaller, but not bigger than 12.
If you input a bigger number, it will stay as 12.

Attached File(s)

Custom_Zone_Candle_with_Index.mq4 45 KB | 543 downloads

Custom_Zone_Candle_with_Index.ex4 38 KB | 383 downloads

Trade the facts, not opinions.

#722
Apr 11, 2013 9:49am Apr 11, 2013 9:49am

Dadas
| Commercial User | Joined Sep 2012 | 3,282 Posts

Quoting finaclefx

Disliked

Hi Dadas, This is for those doubting the efficacy of your system,its a follow-up of my analysis posted yesterday(daily chart-M15 entry).I entered these trades at the beginning of a new trading day with targets of 100pips,but waking up this morning i noticed they all moved down more than 50pips each.I left them to run only for them to all retraced to entry point,but i didnt panic because of the efficiency of the strategy.As you can see,these trades just closed at my readjustment of 50pips each,wowowowowowowowowo!!! GOD BLESS YOU,DADAS!!! {image}

Ignored

Could you post the pictures, please?

This is a fast thread, and people may find it difficult to go back and look for your earlier chart!

Please!

Trade the facts, not opinions.

#723
Apr 11, 2013 9:51am Apr 11, 2013 9:51am

Dadas
| Commercial User | Joined Sep 2012 | 3,282 Posts

We have 103 000 views!

Trade the facts, not opinions.

#724
Apr 11, 2013 10:10am Apr 11, 2013 10:10am

finaclefx
| Joined Feb 2013 | Status: Trader | 40 Posts

Quoting Dadas

Disliked

Could you post the pictures, please? This is a fast thread, and people may find it difficult to go back and look for your earlier chart! Please!

Ignored

Yes,here are the charts.

Attached Image(s) (click to enlarge)

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Name: GJ.png
Size: 23 KB

Click to Enlarge

Name: AJ.png
Size: 23 KB

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Name: EJ.png
Size: 24 KB

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Name: acc.png
Size: 14 KB

If you dont stand for something,you 'll fall for anything.

#725
Apr 11, 2013 10:19am Apr 11, 2013 10:19am

emailpat
| Joined Jan 2013 | Status: Trader | 24 Posts

Hi,

Can someone give me some guidance to download indicator? My platform is GKFX MQL4. I have downloaded it once but can't apply it to my platform. Grateful for any help. Not to familiar with computer language.
Thanks

We always have a choice to be right or kind,be kind you will learn more.

#726
Apr 11, 2013 10:40am Apr 11, 2013 10:40am

Dadas
| Commercial User | Joined Sep 2012 | 3,282 Posts

Quoting finaclefx

Disliked

Yes,here are the charts. {image} {image} {image} {image}

Ignored

This is the way to do it!
Now, I can point out your mistakes:

GBPJPY
First mistake:
The general trend was strong Bullish.
It was much wiser to wait for a Long entry.
Especially, if you were going to bed and left the Entry for the next day!

Second mistake:
You did not estimate the Pip potential.
It was 50-60 Pips. (ca. 66 Pips from PTECZ to PTECZ inside)

Attached Image (click to enlarge)

Click to Enlarge

Name: gbpjpym30.png
Size: 65 KB

If you had estimated 50 Pips and set that as TP,
the morning would have been much brighter.
And, you could have continued.

Where did you get the 100 Pips TP from?
Your wishings?
Your positive inclination?
The Wow-How attitude?
Easy, easy, calm down, know what you are doing.
It could have cost you! You got lucky!

The same stands for the other two trades,
because the pairs charts are almost identical.

Trade the facts, not opinions.

#727
Apr 11, 2013 11:02am Apr 11, 2013 11:02am

kolesar007
| Joined Mar 2011 | Status: Trader | 232 Posts

Quoting Dadas

Disliked

When you are learning, it is good, it is excellent, it is absolutely necessary, especially in Forex, to study carefully, to practise diligently. I have already shown everything, including entry and exit areas. You have, probably not read and studied carefully the whole thread. People who have spent a few weeks on studying this thread, do have results, already. Others, who have been trading even 6 years up, also benefit from the information. I started this thread 19, March 2013. Today is 10, April 2013. We have almost 93 000 views, in ca. 2 days...

Ignored

I have been out for businnes trip so late answer.
First off all I dont wonna push you to do enything it was just suggestion that when you post your charts to paste trade as well. And also dont wonna anybody to work instead of me because I suggest past trades and not real time trades.
I do not have problem with reading and re-reading, just now I reread your tread for second time

Thanks for great work.

Sandi

#728
Apr 11, 2013 11:45am Apr 11, 2013 11:45am

Red Herring
| Joined Mar 2013 | Status: Trader | 267 Posts

Quoting Dadas

Disliked

I explained the Points and Pips issue earlier. On the chart we have two values: Price and Time. So, we can set Offset for Time and/or Price. When plotting rectangles (Zone Candles), we use the Time Offset, which is the number of Candles to the left or right, depending what we want. When plotting Arrows (dots, diamonds, etc.) we use the Price Offset, which is the number of Points from a defined Price (Candle Close, for example). On 5-digit quotations the distance is 10 times the distance of 4-digit quotations. Point on 4-digits is the 4th digit....

Ignored

Exactly Dadas, I am struggling to use the MT4, When I press some button, no change in the chart appears but they are for something! For example when I press the 'candle stick' button, nothing happens to the chart! This is really not user friendly!

#729
Apr 11, 2013 12:52pm Apr 11, 2013 12:52pm

Dadas
| Commercial User | Joined Sep 2012 | 3,282 Posts

Quoting Red Herring

Disliked

Exactly Dadas, I am struggling to use the MT4, When I press some button, no change in the chart appears but they are for something! For example when I press the 'candle stick' button, nothing happens to the chart! This is really not user friendly!

Ignored

Do you know this part of the tool bar?

Attached Image

Maybe, try zooming in with the + ?

Experiment, zoom in, zoom out.

Trade the facts, not opinions.

#730
Apr 11, 2013 1:47pm Apr 11, 2013 1:47pm

Dadas
| Commercial User | Joined Sep 2012 | 3,282 Posts

Quoting digu

Disliked

OMG it is a fast thread, It is post #156, trying to understand Yes I am still here, but I regularly check newest pages Please give me a note thanks Dadas and friends here {image} {image} {image} {image}

Ignored

First of all, don't worry, don't try to catch up!
Just, follow your own pace, steadily.

Now, take a deep breath, very deep one.
It took me a while to integrate you chaos.
I am still not sure what you are trying to do?
Scalp the M30 chart?

Attached Image (click to enlarge)

Click to Enlarge

Name: gbpusdm30.png
Size: 75 KB

Trend is up - Yes or No?!
Can you see that? It is clear on the M30.
If it is not clear, check H1, check H4 - it is Up, Bulls!

The Bearish Candle did not make a Lower Low, and there is a PTECZ.
The next Candle after PTECZ tested the Break Down but closed inside the PTECZ.
The next Candle tested Brake Up. The next Broke Up. The next still went higher.
Then retraced first Bearish closed inside. Bullish, Bearish.

OK, so you missed this retrace because you were waiting for retrace to PTECZ.
Enter on the next retrace, if you see the price is going up from the PTECZ!
What are you waiting for! For the price to reach the resistance?

If you had found the next Potential stop PTECZ and another one Higher, then it is your decision.
Is 20 Pips OK? If yes, enter, if no, forget it, do not enter, wait for the situation to clarify.

The price is not at the bottom of the Bullish trend, it is high already!

If you had entered the Long, watch PA.
There isn't a good reason to Exit until where I show on the picture.

Why are you looking for Shorts there?
Why do you want to Sell at Bearish Candle which closed inside the Bullish Candle?
Yes, Sell up there!

But, most of all, know your instrument! Know its characteristics, those long spikes.
They can kill you!

Trade the facts, not opinions.

#731
Apr 11, 2013 1:56pm Apr 11, 2013 1:56pm

coxsox
| Joined Sep 2011 | Status: Trader | 32 Posts

Ok here's another....oh these are so easy in hindsight.....did I take it? did I jack,

Breakout from consolidation on D1, trying to get entry, PTECZ formed on 15min, entry on retrace, exit at opposite PTECZ, basically supply and demand trading courtesy of Sam Seiden.

Attached Image (click to enlarge)

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Name: gbpusd.jpg
Size: 171 KB

#732
Apr 11, 2013 2:34pm Apr 11, 2013 2:34pm

Dadas
| Commercial User | Joined Sep 2012 | 3,282 Posts

Quoting emailpat

Disliked

Hi, Can someone give me some guidance to download indicator? My platform is GKFX MQL4. I have downloaded it once but can't apply it to my platform. Grateful for any help. Not to familiar with computer language. Thanks

Ignored

You mean: GKFX MT4?

Well, we are very sorry, but if you can not operate the MT4 platform, please
find a thread about the basic MT4 operation and learn first.
Learning this method without any idea how to work with MT4 makes no sence at all.
This method requires the basic ability to work with charts.
This requires the knowledge of the tool, which is the MetaTrader Platform.

There are user manuals on the internet, find, dowload, read and learn.

Then, come back and start your journey anew!

Trade the facts, not opinions.

#733
Apr 11, 2013 2:38pm Apr 11, 2013 2:38pm

Dadas
| Commercial User | Joined Sep 2012 | 3,282 Posts

Quoting coxsox

Disliked

Ok here's another....oh these are so easy in hindsight.....did I take it? did I jack, Breakout from consolidation on D1, trying to get entry, PTECZ formed on 15min, entry on retrace, exit at opposite PTECZ, basically supply and demand trading courtesy of Sam Seiden. {image}

Ignored

Are you doing this on purpose?
I mean, what I see on your chart (PETCV???).

PTECZ

Trade the facts, not opinions.

#734
Apr 11, 2013 2:47pm Apr 11, 2013 2:47pm

Dadas
| Commercial User | Joined Sep 2012 | 3,282 Posts

Quoting coxsox

Disliked

Ok here's another....oh these are so easy in hindsight.....did I take it? did I jack, Breakout from consolidation on D1, trying to get entry, PTECZ formed on 15min, entry on retrace, exit at opposite PTECZ, basically supply and demand trading courtesy of Sam Seiden. {image}

Ignored

The next D1 PTECZ is there:

Attached Image (click to enlarge)

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Name: gbpusddaily.png
Size: 69 KB

That's like 45-50 Pips from current Price.

Yes, my PTECZ method is based on S/D & PA.
The rest is my own.
I did not read about it.
I did not hear about it.
I invented the PTECZ and Zone Candle by myself!

Trade the facts, not opinions.

#735
Edited 3:10pm Apr 11, 2013 2:55pm | Edited 3:10pm

limprobable
Joined Jan 2012 | Status: Trader | 558 Posts

Hi all,

Here my trade of today.

I know that i was on a uptrend and it was risky. It was based on 30 mn and 5mn, i know that is not your method precisely. But there is lots of shadows on 30 mn and a resist area at this price (1d).

When i enter i put a SL quickly on enter.

Based on 30mn

Attached Image (click to enlarge)

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Name: eurusdm30 tp.png
Size: 58 KB

Enter on 5mn (even 1mn but i dont have anymore the graph)

Attached Image (click to enlarge)

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Name: eurusdm5.png
Size: 52 KB

SP was 1.3092.

Reach one hour later with +30 pips.

I dont take the next buy on PTECZ, i dont know why...

Well still learning.

On eur/usd i think that 1H PTECZ are better than on 30 MN:

Dada's, i try different things, i maybe found something intersting: try to put your indicator on 15 mn for exemple on a graph of 60 mn. I know thaht is not that way it must use but i look at it all day long and find it interesting. The idea is to put a lower time frame on the indicator than on the time of the graph.

In fact, i think i learn better when i use only your first indicator on 1440 (not the new with index) for the day and like you said at the beginning of the thread just put manualy the PTECZ.

But as i said, i still learning and used PA since 5 days

Bottomless wonders spring from simple rules, which are repeated without end

#736
Apr 11, 2013 3:22pm Apr 11, 2013 3:22pm

limprobable
Joined Jan 2012 | Status: Trader | 558 Posts

is it a resist zone on eur/usd?

How to trade that?

Attached Image (click to enlarge)

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Name: resist zone.gif
Size: 29 KB

Bottomless wonders spring from simple rules, which are repeated without end

#737
Apr 11, 2013 3:25pm Apr 11, 2013 3:25pm

limprobable
Joined Jan 2012 | Status: Trader | 558 Posts

look that:

Custom zone candle tf 15 mn on a graph 1H:

Attached Image (click to enlarge)

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Name: 15 min on 1h.gif
Size: 20 KB

Nothing to do with that building?

Bottomless wonders spring from simple rules, which are repeated without end

#738
Apr 11, 2013 3:31pm Apr 11, 2013 3:31pm

Dadas
| Commercial User | Joined Sep 2012 | 3,282 Posts

Yes, Guys, that is correct, experiment, learn, practise, find your best way!

I do not understand the disbelievers and the whole talk about retrospective,
or hindsight, and that it is not reliable. To me it is only about not having the know-how.

Have you ever heard about the Strategy Tester in MT4?
Do you know how to use it?

The Strategy Tester is not only for testing Expert Advisors!

There is the visual mode.
During the weekend, if you wish, just run any strategy in visual mode in Strategy Tester.
On the M30 chart, just for example.
Use date, set it to some historical date.
After MT4 updates all data, the chart will start running from the date you entered to the
second date. There is a slider after the Visual mode box, put it to maximum,
the graph will draw faster.

Then, just follow the PTECZ, you can Pause the graph, there is a Pause/Play Button
right after the slider, draw the PTECZ and use the horizontal line to place your Entry and
Exit levels. It is hindsight, but you do not see the right side, so it is like real.

Attached Image (click to enlarge)

So, where is the problem?
You can test the strategy before you apply it, even before you apply it to demo.

Trade the facts, not opinions.