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Price Action in Day Trading by Dadas

  • #61
  • Mar 20, 2013 2:15pm Mar 20, 2013 2:15pm
Very informative, I am looking forward to this experience. Thank you Dadas!
  • #62
  • Edited 3:49pm Mar 20, 2013 2:31pm | Edited 3:49pm
Quoting forexforex
Dadas,
So the Custom_Zone_Candle will automatically finds the CSCZ in TimeFrame my chart is set to?? If a new CSCZ develops in that TF, will the indicator change as well and adapt to the new CSCZ. Sorry for my lack of understanding about the programming of indicator.
Another questions, if I may. If the indicator is applied to a TF, where and how do I find the CSCZ (
I see the indicator runs across the entire span of that TF (for months or so), but where do I look for the CSCZ?
Custom_Zone_Candle will show you the Zones from the last closed candle of the input Tf.
If you input 1440 (default), it will show you yesterdays D1 candle as Zones.
This is independent of the current Timeframe of your chart.
You can switch chart Timeframes and you will always see the same D1 candle in the background.

If you input Tf 60, then you will always see the last closed H1 Candle.
When a new H1 Candle closes, you will see the new closed one, etc.

So it is simple, if it is H1, then the begining is where the last H1 began,
and the end is where the current H1 began. Just draw a vertical line
at the beginnig hour of the current H1, and you will see where the current
H1 began, and you will be able to study Price Action in relation to CSCZ
of the Closed H1 Candle.

Hope this is clear enough?

When you know what Tf you have input, you do not need to know where
the Zones are from. They are always from the last closed Candle of the Tf
you have chosen in the input tab.

The part on the left, which goes to the beginning of history, is for refference,
to see what important level the Zones show, or not important.

The part on the right, on the current Candle is to see how the Price
is reacting to the CSCZs, the upper and/or lower shadow of the Tf we choose.

I will be showing more examples. I will try to show how this works
on every single Tf setting. So far, due to different circumstances of today,
I have been able to show only the D1 on MN Custom_Zone_Candle (TF 43200).
http://www.forexfactory.com/showthre...42#post6530642
Trade the facts, not opinions.
  • #63
  • Mar 20, 2013 2:51pm Mar 20, 2013 2:51pm
Quoting Dadas
A message to all my adversaries.

This is my thread regarding my method of trading and my own realizations.

I do not whish and will not allow any private information to be posted in my thread,
unless posted by me, and myself only.

If anybody wishes to use any of my previously posted information on other forums
without my former consent, the post will be Cleaned up.

Anybody who will consitently try to undermine my actions will be added to my ignore list.

In case of harassment and/or mobbing, I will not hesitate to use legal procedures....


Wow...It only took 59 posts before the thread starter has to tell people toback off...This is a pervasive problem here in FF... Sad that one has to do this.

Someone has an idea or method to share. Instead of letting the idea ormethod stand or fall on its own, we see the above statement.

If someone is learning to trade, or trading with difficulty, or ismarginally profitable and cannot get past their own mental hang ups, (Most donot even realize they have them..hence the high failure rate) maybe this reallyis not something you should pursue. It is a difficult, painful; expensive, can cost you everything dear to you,journey. It can also be one of the most fantastic, exciting, REWARDING,profitable journey's you can experience!

To all those who take issue with Dadas concepts and ideas...You mightconsider a different approach...Put your egos in check... Allow you mind toopen up to new ideas...These ideas may work for you... they may not….At thevery least you may learn something you did not know that may help your tradingin the future……It will take a REWIRING of your brain to trade profitable.

Whether you subscribe to Dadas or anyother method your biggest obstacle will be you own mental short comings...Sprinkle on your ego and you have a making a blown account.

So why am I here...You never know what you can discover. ( and I do not even trade his method ) but can I learn something.. quite possible !! Trading is a journey and that one little nugget of information can have a dramatic effect in your trading. The 'AH HA' moment. I have had this happen numerious times.

Good trading to all

TSD
  • #64
  • Mar 20, 2013 3:22pm Mar 20, 2013 3:22pm
Refreshing revelation of new style of trading method. This is awesome. Thank you!!!

Quoting Dadas
Custom_Zone_Candle will show you the Zones from the last closed candle of the input Tf.
If you input 1440 (default), it will show you yesterdays D1 candle as Zones.
This is independent of the current Timeframe of your chart.
You can switch chart Timeframes and you will always see the same D1 candle in the background.

If you input Tf 60, then you will always see the last closed H1 Candle.
When a new H1 Candle closes, you will see the new closed one, etc.

So it is simple, if it is H1, then the begining is where the last H1 began,
and the end...
  • #65
  • Mar 20, 2013 10:48pm Mar 20, 2013 10:48pm
Hi Dadas,

Here is EU D1:

http://s3.postimage.org/y36z2oysj/EUD1.jpg

Here is EU H1:

http://s23.postimage.org/hqmtcdye3/EUH1.jpg

is that correct?

Thanks...
  • #66
  • Mar 21, 2013 12:05am Mar 21, 2013 12:05am
usdjpy
Attached Image
  • #67
  • Mar 21, 2013 2:23am Mar 21, 2013 2:23am
I am a bit confused now. I just ran the Custom_zone indicator and the daily setting is different from what's showing in my chart. Can you please help me understand this. (please see attachment)
1. Do we always run the Custom_zone indicator to determine the CSCZ levels?
2. Is the Custom_zone indicator spotting/locating the CSCZ always?
3. Can we manually spot or locate the CSCZ levels
4. When we run the Custom_zone indicator, can we find out the location of the SCZC (I mean can the indicator at least highlight the area with different color , so I know exactly where the point of reference of the exact location of SCZC)?

Thanks in advance for your help....
4x4x

Quoting probisnis
Hi Dadas,

Here is EU D1:

http://s3.postimage.org/y36z2oysj/EUD1.jpg

Here is EU H1:

http://s23.postimage.org/hqmtcdye3/EUH1.jpg

is that correct?

Thanks...
Attached Image (click to enlarge)
Click to Enlarge Name: 1d.jpg Size: 50 KB
  • #68
  • Mar 21, 2013 3:17am Mar 21, 2013 3:17am
Hi Dadas

i am trying to make it clear...
this picture is EUR/USD D1 background with H1 time frame..

is this correct to open position on red arrow, because its seems there are long upper wick and price going down

sorry for my english..
thanks b4
Attached Image (click to enlarge)
Click to Enlarge Name: FFEU.png Size: 21 KB
  • #69
  • Mar 21, 2013 4:01am Mar 21, 2013 4:01am
Hi Dadas, great thread. Thanks for your time.

I'm a bit confused with your explanation in post 48. I know you it's post-factum but the zone candle that show on the chart is from the previous MN candle, right? But your chart is at march 19, so if i'm not mistaking the Zone Candle that is showing is that of february.

Now, the part where you're starting to look for a short entry is based on the Zone candle of february. When in fact you should be looking to trade of the january Zone candle. Is this correct?
  • #70
  • Mar 21, 2013 4:26am Mar 21, 2013 4:26am
Quoting probisnis
Here is EU D1:Here is EU H1:
is that correct?
You are doing a great job!
Keep it up.
Test it on demos.
See for yourself - it is the only way.

Nor I, nor anybody else can tell You if this is right!

Only the Price will tell You what is right!
Trade the facts, not opinions.
  • #71
  • Mar 21, 2013 4:32am Mar 21, 2013 4:32am
Quoting ruliansyah
Hi Dadas

i am trying to make it clear...
this picture is EUR/USD D1 background with H1 time frame..

is this correct to open position on red arrow, because its seems there are long upper wick and price going down

sorry for my english..
thanks b4
Hi ruliansyah, I think 1 bar next to your arrow bar is the perfect place to sell. Wait pullback not breakout.
  • #72
  • Mar 21, 2013 4:37am Mar 21, 2013 4:37am
Followed the simple method today and got
59 pips out of the E/U. use of S/R and what the market tell
you to do makes life much easier. Nice method. BTW
  • #73
  • Mar 21, 2013 4:47am Mar 21, 2013 4:47am
In 15 minutes we should see how this woks out.
The pound's touch RS....
Attached Image (click to enlarge)
Click to Enlarge Name: pound alost breaking rs.JPG Size: 142 KB
  • #74
  • Mar 21, 2013 4:54am Mar 21, 2013 4:54am
Quoting Danny Maina
In 15 minutes we should see how this woks out.
The pound's touch RS....Attachment
What are you saying?
Are you looking for longs or shorts?
Please Do Not PM Me With Coding Enquiries
  • #75
  • Mar 21, 2013 4:58am Mar 21, 2013 4:58am
Quoting forexforex
I am a bit confused now. I just ran the Custom_zone indicator and the daily setting is different from what's showing in my chart. Can you please help me understand this. (please see attachment)
1. Do we always run the Custom_zone indicator to determine the CSCZ levels?
2. Is the Custom_zone indicator spotting/locating the CSCZ always?
3. Can we manually spot or locate the CSCZ levels
4. When we run the Custom_zone indicator, can we find out the location of the SCZC (I mean can the indicator at least highlight the area with different color , so I...
First of all, forexforex, relax and take a deep breath!

What I can see on your attached picture, everything is fine.
http://charts.mql5.com/1/185/eurusd-d1-fxsalt-ltd.png

The choice is yours, how you want to use the Custom_Zone_Candle.
I am showing examples and I will show some more.
I will repeat, for you once again:
Custom_Zone_Candle will show you the Zones from the last closed candle of the input Tf.
Please, read the Custom_Zone_Candleconcept as often as You need to understand.
Of course, you can draw other CSCZs manually if you spot a potentially important Consolidation Zone!

The last question, sorry, you can use another indicator, not mine, called m-Candles.mq4, which
will show you in the background another chart with other Timeframe (ie. 1440), but the picture will
become less clear. There will be more elements on the picture. This does not make things easier, just
complicates.

My idea is to visualize Price Action in a smaller Timeframe relation to a larger Timeframe.

Thus, giving me this picture of the M5 chart in relation to the D1 Custom_Zone_Candle (1440):
http://charts.mql5.com/1/185/eurusd-m5-fxsalt-ltd.png

For the Daytrader, there was a beautiful Short Entry in the brown CSCZ.
Trade the facts, not opinions.
  • #76
  • Mar 21, 2013 5:01am Mar 21, 2013 5:01am
Danny,
I am still learning...
Can you explain the trigger(open/close) and the rationale of of your entry/exit? I am still yet to trade this methodology in my demo account before it goes live.

4x4x

Quoting Danny Maina
Followed the simple method today and got
59 pips out of the E/U. use of S/R and what the market tell
you to do makes life much easier. Nice method. BTW
  • #77
  • Mar 21, 2013 5:09am Mar 21, 2013 5:09am
Quoting ruliansyah
this picture is EUR/USD D1 background with H1 time frame..
is this correct to open position on red arrow, because its seems there are long upper wick and price going down
I hope my answer to forexforex and the included charts have already answered
Your questions, as well as the Price.
Trade the facts, not opinions.
  • #78
  • Mar 21, 2013 5:11am Mar 21, 2013 5:11am
Took a deep breath...It felt good.
I really appreciate your patience, Dadas. It gets clearer every time you explain it.

thanks,
4x4x

Quoting Dadas
First of all, forexforex, relax and take a deep breath!

What I can see on your attached picture, everything is fine.
http://charts.mql5.com/1/185/eurusd-d1-fxsalt-ltd.png

The choice is yours, how you want to use the Custom_Zone_Candle.
I am showing examples and I will show some more.
I will repeat, for you once again:
Custom_Zone_Candle will show you the Zones from the last closed candle of the input Tf.
Please, read the Custom_Zone_Candleconcept as often as You need to understand.
Of course, you can draw other CSCZs...
  • #79
  • Mar 21, 2013 5:22am Mar 21, 2013 5:22am
@DannyMania and others:

As I said before, everybody is welcome here.
As long as You stay on topic, discuss my method and post charts relevant to my method.

The GBP USD H1 on D1 Custom_Zone_Candle shows this:
http://charts.mql5.com/1/185/gbpusd-h1-fxsalt-ltd.png

The Daytrader should already be profiting with an early Long Entry, as the M5 picture shows.
http://charts.mql5.com/1/185/gbpusd-m5-fxsalt-ltd.png
Trade the facts, not opinions.
  • #80
  • Mar 21, 2013 5:24am Mar 21, 2013 5:24am
Quoting Dadas

For the Daytrader, there was a beautiful Short Entry in the brown CSCZ.
Do you mind explaining where and why you would decide to enter short?
Please Do Not PM Me With Coding Enquiries
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