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Price Action in Day Trading by Dadas

  • #421
  • Apr 4, 2013 8:43am Apr 4, 2013 8:43am
Quoting Dadas
So far the "prediction" - the read out proves to be correct: {image}
Dear Dadas, thanks for the thread. Very visual. Great help.
I have a question though about the upper purple zone on your M30 EU chart. Why it was drawn on that specific candle?
Is it TBCZ? the first one that closed below the consolidation zone?

trying to learn this
thanks
  • #422
  • Apr 4, 2013 9:14am Apr 4, 2013 9:14am
Interesting things are going on on EURUSD:
Attached Image (click to enlarge)
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Actually, they are great opportunities for quick profit.
Attached Image (click to enlarge)
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If you learn to see them this way!
Trade the facts, not opinions.
  • #423
  • Apr 4, 2013 9:21am Apr 4, 2013 9:21am
Quoting Pipanje
I have a question though about the upper purple zone on your M30 EU chart. Why it was drawn on that specific candle? Is it TBCZ? the first one that closed below the consolidation zone? trying to learn this thanks
We do not see beyond the PTECZ - the rest is future - OK?
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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The PTECZ turned out to be TBCZ, but only after that.
Trade the facts, not opinions.
  • #424
  • Apr 4, 2013 10:11am Apr 4, 2013 10:11am
Wow, this guy can be generous:
Attached Image (click to enlarge)
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Trade the facts, not opinions.
  • #425
  • Apr 4, 2013 10:28am Apr 4, 2013 10:28am
A PTECZ candle for example is a green candle after successive red candle.

You just buying the top of the green candle...

Like your first purple zone on your last screen
Bottomless wonders spring from simple rules, which are repeated without end
  • #426
  • Apr 4, 2013 11:14am Apr 4, 2013 11:14am
Quoting limprobable
A PTECZ candle for example is a green candle after successive red candle. You just buying the top of the green candle... Like your first purple zone on your last screen
Very good that you are trying to explain.

But, your words do not show the picture.

We think you are addressing Pipanje, but we only think.

Better you quote or write to whom your answer is.

Better you show the picture - better for You and the other learners!

And, no, you are not buying the top of green.

It is not so simple, you are misleading the others, who do not yet understand.
Trade the facts, not opinions.
  • #427
  • Apr 4, 2013 11:42am Apr 4, 2013 11:42am
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m30-fxsalt-ltd-2.png Size: 72 KB


Where you Buy and where you Sell depends which direction the price is going inside the PTECZ.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m5-fxsalt-ltd.png Size: 64 KB


Sometimes, you can optimise the PTECZ on M5 - like the green one.
Attached Image (click to enlarge)
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Often you can Buy at top of Green PTECZ, better at bottom of Green PTECZ.
That is when trend changes direction.

If trend continues, you will Sell at top or bottom of Green PTECZ.

PTECZ is the Potential Trend Ending Consolidation Zone.

Historical PTECZ is more important to Enter Position.
Historical PTECZ is also important to see Potential Support/Resistance.

The actual PTECZ, the just closed Candle which is PTECZ is signal of Potential Trend End.

Here we look and see what next - reversal or continuation.
Trade the facts, not opinions.
  • #428
  • Apr 4, 2013 3:55pm Apr 4, 2013 3:55pm
What's happened guys?
Where is everybody?

Kind of lonely here.
Trade the facts, not opinions.
  • #429
  • Apr 4, 2013 4:23pm Apr 4, 2013 4:23pm
EURUSD
W1 Zone Candle Index = 1
Attached Image (click to enlarge)
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EURJPY
MN Zone Candle Index = 1
Attached Image (click to enlarge)
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USDJPY
MN Zone Candle Index = 1
Attached Image (click to enlarge)
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USDJPY
MN Zone Candle Index = 1
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-h4-fxsalt-ltd.png Size: 69 KB


GBPUSD
MN Zone Candle Index = 1
Attached Image (click to enlarge)
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EURGBP
MN Zone Candle Index = 1
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-h4-fxsalt-ltd.png Size: 69 KB


AUDUSD
MN Zone Candle Index = 1
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h4-fxsalt-ltd.png Size: 70 KB


EURAUD
MN Zone Candle Index = 1
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-h4-fxsalt-ltd.png Size: 60 KB
Trade the facts, not opinions.
  • #430
  • Apr 4, 2013 11:22pm Apr 4, 2013 11:22pm
EJ M30
Attached Image (click to enlarge)
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Persian Gulf forever
  • #431
  • Apr 5, 2013 1:17am Apr 5, 2013 1:17am
Demo acc.
PTECZ on EU M30
Attached Image (click to enlarge)
Click to Enlarge Name: eum30.gif Size: 24 KB

AND quick profit m5 with PA
Attached Image (click to enlarge)
Click to Enlarge Name: eum5.gif Size: 22 KB
Persian Gulf forever
  • #432
  • Apr 5, 2013 1:30am Apr 5, 2013 1:30am
GU
Attached Image (click to enlarge)
Click to Enlarge Name: gum30.gif Size: 26 KB


and scalping opportunities on Top (Rule: sell at top , Buy at bottom)
Attached Image (click to enlarge)
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Persian Gulf forever
  • #433
  • Apr 5, 2013 1:40am Apr 5, 2013 1:40am
Hello Dadas

I'm still learning from your many posts. May I know where I can find the little soldiers you like to use - the Daily Range indicator you have on your chart.

I got lost after many new indicators were developed like the Multizone with OHLC - will have to re-read those.

Anyway, when I installed that on my IBfx platform, the charts froze.

As you live in Poland, do you start trading when London opens?

Wonderful teaching! Thanks!
  • #434
  • Apr 5, 2013 2:25am Apr 5, 2013 2:25am
Hi, Dadas, greetings!

Here is gold practise, please take a look. Also, as I practise on demo account, one of the problems I am facing is that how to set up SL and TP. The SL often times set it too close and TP is either too close or too far away. So, now I am more practise on these issues.

Thanks a lot for your wonderful sharing, a great job indeed!

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  • #435
  • Apr 5, 2013 2:28am Apr 5, 2013 2:28am
AUDUSD
I entered this trade yesterday, 20:59 local time,
so I knew I might have to wait until today.

There was no PTECZ, however I saw an opportuniy:
1. The Zone Candle and Price Action in the Upper Resistance Zone suggested Short.
2. There was a nice retrace to the middle of he Resistance Zone and most probably
a TBCZ just before the red closed.
Attached Image (click to enlarge)
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TP was based on previous levels also seen on H1:
Attached Image (click to enlarge)
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A little bit intuitive, I must admit.

Anyway, price went opposite direction only 13.5 Pips in the maximum.
I woke up to a +26 Pip profit.
Trade the facts, not opinions.
  • #436
  • Apr 5, 2013 2:43am Apr 5, 2013 2:43am
Quoting Dadas
What's happened guys? Where is everybody? Kind of lonely here.
Just wanted to say thank you for showing us your method here.
Not saying it is the same but your Consolidation Zones should be familiar to any trader who is trying to profit from the asian session - often it is a range and gives us support / resistance and breakouts. On higher timeframes a ranging market will show as a doji or makes a candle of opposite color.
  • #437
  • Apr 5, 2013 2:45am Apr 5, 2013 2:45am
Hi everyone. I am sure we are getting along with the Master in his teaching?

I am also watching PA now to see what it is up to.

I was stopout at breakeven on GJ yesterday and made about 70pips loss or so on EJ yesterday trying to stop a moving train. Pips per candle has increased so I paid so much for that trade. lol

Today is NFP.

I presume I have entered this pair (EJ) late after I missed the best entry. Pips per candle made stoploss to be wide. We have to be careful about stop loss placement on pairs now. They are wild animal now
Attached Image (click to enlarge)
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #438
  • Apr 5, 2013 2:48am Apr 5, 2013 2:48am
Quoting parsfx
scalping opportunities on Top (Rule: sell at top , Buy at bottom)
So, I see you have got the PTECZ correct!

But, you are also the very emotional and uncertain type!

Yes, scalping is one thing, you get little but you get it quick and often.

For me, it is information that you, probably do not understand the workings of the price, yet.
Or, you do not have the trust and/or faith that it works that way!

The only way is practise, practise and practise, again!

Myself, I am also one of the less patient, in the sense that waiting 2-3 days for results
is just not my style. Esspecially, when Price takes Action.

Trade the facts, not opinions.
  • #439
  • Apr 5, 2013 2:55am Apr 5, 2013 2:55am
Would you use this indicator should be changed in the settings؟

thanks for sharing information .
  • #440
  • Apr 5, 2013 2:59am Apr 5, 2013 2:59am
Hi, Ejiexe,

This is what I zoned in eur/jpy 1hour chart, the PA looks actioning in down that yellow box, so be careful. IMO (in my opinion).

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