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Price Action in Day Trading by Dadas

  • #561
  • Apr 7, 2013 5:46pm Apr 7, 2013 5:46pm
What about this ....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 129 KB
Click to Enlarge Name: 4-8-2013 2-39-07 AM.jpg Size: 120 KB
  • #562
  • Apr 7, 2013 10:13pm Apr 7, 2013 10:13pm
I am not too great with computers yet , i never had one till i was over 70, but slowly getting to grips with the (sometimes ) beastly thing .
So can anyone help me , please ?
I downloaded the latest version of the indi but when i try to drag and drop into indis it wont go in .
The first version never gave me the same problem , it worked perfectly well .
  • #563
  • Apr 7, 2013 10:32pm Apr 7, 2013 10:32pm
[quote=robuk;6583444 I downloaded the latest version of the indi but when i try to drag and drop into indis it wont go in .[/quote]

Could you describe what happens when you drag the cursor across. Does it have the little envelope icon hanging of it? Does the properties page appear?
If you do get the properties page, make sure the tf setting is different to the indicator already on the chart.
Also check the chart indicator list to see if it is hiding in there!
  • #564
  • Apr 7, 2013 11:26pm Apr 7, 2013 11:26pm
Hi Eaglepip
Thanks for trying to help. I dont get the envelope icon , which is what normally happens , and i'm used to that.
also i deleted the original in the broker/experts/indis folder but , yes it is still lurking in brokers custom indi list on the platform and seems resistant to being deleted
  • #565
  • Apr 8, 2013 12:18am Apr 8, 2013 12:18am
Quoting robuk
I am not too great with computers yet , i never had one till i was over 70, but slowly getting to grips with the (sometimes ) beastly thing . So can anyone help me , please ? I downloaded the latest version of the indi but when i try to drag and drop into indis it wont go in . The first version never gave me the same problem , it worked perfectly well .
Trying to help solve such problems by posting is very difficult.
We do not know a lot of things about your computer, your system,
it is like quessing, only.

Normally, you save the new updated version directly to the experts -> indicators folder.
The file has the same name, so it should overwrite, unless you are clicking something else when
saving the file. The system asks you if you want to overwrite the old file, or save as new file.

Then, you should restart the MT4 platform.

That should be enough.

Your problem sounds like a problem with Windows 7, is that correct?
Trade the facts, not opinions.
  • #566
  • Apr 8, 2013 12:21am Apr 8, 2013 12:21am
Quoting Don Corleone
What about this .... {image} {image}
What about it?

Which of the PTECZ rules did you apply here?
How does this entry apply to the rule:
Short at tops, Long at bottoms?

If you did not understand and you are entering against all rules, you are going to lose.

And then what?
You are going to say that the method doesn't work?

Read again with practical excercises, until you understand!
Trade the facts, not opinions.
  • #567
  • Apr 8, 2013 12:37am Apr 8, 2013 12:37am
Looks like your subscriber sold at the top? Where is a list of the PTCEZ rules and definition of the PTECZ? Thanks in anticipation.
Gone to a better place
  • #568
  • Apr 8, 2013 12:40am Apr 8, 2013 12:40am
Quoting Don Corleone
What about this .... {image} {image}
You plotted a Zone Candle over the last closed Bullish Candle.
That Candle is NOT a PTECZ!

If you wanted to scalp those H1 Zone Candle levels,
then you should have entered Short at the top of that Zone Candle.

But you did not want to scalp, you wanted some Big Pips.

Which Price Action told you that the Price is going down?

Why did you assume, that on a strong Bullish trend the Price will now go down?

Sorry, but you did not understand anything from what I am telling you.
Trade the facts, not opinions.
  • #569
  • Edited 12:58am Apr 8, 2013 12:42am | Edited 12:58am
Quoting smikester
Looks like your subscriber sold at the top? Where is a list of the PTCEZ rules and definition of the PTECZ? Thanks in anticipation.
Looks like you are one of those who do not understand a thing!

How do you know it is the top?

Don Corleone sold at the bottom, if you wish to understand.

And, as I said before, that is not a PTECZ.

Study my charts and PTECZ examples I have posted a lot, here.

PS.

There are no "PTCEZ" rules, because there is no "PTCEZ"!

I was, I am, I have been, will be talking about the PTECZ!
Potential Trend Ending Consolidation Zone - PTECZ.
Trade the facts, not opinions.
  • #570
  • Apr 8, 2013 12:46am Apr 8, 2013 12:46am
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m30-fxsalt-ltd-2.png Size: 57 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m30-fxsalt-ltd-3.png Size: 51 KB
Trade the facts, not opinions.
  • #571
  • Apr 8, 2013 12:54am Apr 8, 2013 12:54am
We are getting good examples of the Ego in action!

"I do not understand the method - the method is wrong!"

THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.

I got this motto from ejiexe, just corrected the details.
Trade the facts, not opinions.
  • #572
  • Apr 8, 2013 1:04am Apr 8, 2013 1:04am
Attached Image (click to enlarge)
Click to Enlarge Name: destruct.png Size: 114 KB
Quoting Dadas
Trying to help solve such problems by posting is very difficult. We do not know a lot of things about your computer, your system, it is like quessing, only. Normally, you save the new updated version directly to the experts -> indicators folder. The file has the same name, so it should overwrite, unless you are clicking something else when saving the file. The system asks you if you want to overwrite the old file, or save as new file. Then, you should restart the MT4 platform. That should be enough. Your problem sounds like a problem with Windows...
Hi DADAS , firstly let me thank and compliment you on a most fantastic thread , and yes i do have windows 7 , and had lots of probs in the past with it , but things have been ok now for a good while , from memory i'm fairly sure it never asked me about overwriting , but now i have finally managed to get it into indis folder but when i tried to use it i got this
edit , please forgive the lookof this chart , i only recently found you thread and still trying to get to grips with it , so still practising with my old method !!
  • #573
  • Apr 8, 2013 1:10am Apr 8, 2013 1:10am
Don Corleone:

Some examples:
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m30-fxsalt-ltd-4.png Size: 55 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m30-fxsalt-ltd-5.png Size: 55 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m30-fxsalt-ltd-6.png Size: 56 KB
Trade the facts, not opinions.
  • #574
  • Apr 8, 2013 1:14am Apr 8, 2013 1:14am
Practice for Vision better
I found PTECZ GB H1
Attached Image (click to enlarge)
Click to Enlarge Name: gb1.gif Size: 24 KB

Then I waited for retrace to it and observe PA in M5.
The shadows show of resistance to the price increases ,The area is nice for Sale.
Attached Image (click to enlarge)
Click to Enlarge Name: gb5.gif Size: 29 KB

Of course CSCZ.
master, what do you think?
Persian Gulf forever
  • #575
  • Apr 8, 2013 1:25am Apr 8, 2013 1:25am
Quoting robuk
{image} Hi DADAS , firstly let me thank and compliment you on a most fantastic thread , and yes i do have windows 7 , and had lots of probs in the past with it , but things have been ok now for a good while , from memory i'm fairly sure it never asked me about overwriting , but now i have finally managed to get it into indis folder but when i tried to use it i got this edit , please forgive the lookof this chart , i only recently found you thread and still trying to get to grips with it , so still practising with my old method !!
I have done some Googling, this is some more serious issue that I can not help you with remotely.
You should seek help with a local professional.

You could try to install a second MT4 platform, anew.

This can be done, you can have as many MT4 platforms on your computer as it can take!

Then, download the file directly to this new MT4 experts -> indicators.

PS.
I am working on 2 computers, one is WindowsXP, the other Windows7 Professional.
I have never encountered such an error!
My indis work fine on both.
Trade the facts, not opinions.
  • #576
  • Apr 8, 2013 1:35am Apr 8, 2013 1:35am
Quoting parsfx
Practice for Vision better I found PTECZ GB H1 {image} Then I waited for retrace to it and observe PA in M5. The shadows show of resistance to the price increases ,The area is nice for Sale. {image} Of course CSCZ. master, what do you think?
You have made great progress.

Just, try not to confuse people.

The first chart does not show PTECZ.

These are the PTECZ;
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-fxsalt-ltd.png Size: 57 KB


And then, just switch to M5:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m5-fxsalt-ltd.png Size: 68 KB


But, your entry points are still very good!
Trade the facts, not opinions.
  • #577
  • Apr 8, 2013 1:45am Apr 8, 2013 1:45am
We have, yet another great example!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-fxsalt-ltd.png Size: 59 KB
Trade the facts, not opinions.
  • #578
  • Apr 8, 2013 2:22am Apr 8, 2013 2:22am
I wanted to analize Don Corleone case in more detail,
so I found a chart which shows closer to what Don Corleone was seeing:
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-h1-dom-maklerski-banku.png Size: 60 KB


Don Corleone had some H1 Zone Candle highlighted.
Maybe he thought it was a PTECZ?
It was not a PTECZ, just a previous Bullish H1 Candle.

The PTECZ diamond shows the PTECZs quite well.
If you still do not understand what the PTECZ is,
take the newest version of Custom_Zone_Candle_with_Index.mq4
and input Show_PTECZ_Candle = true.
I am attaching Custom_Zone_Candle_with_Index.mq4, again.

There is no new PTECZ on the way up.
Don Corleone assumed it was the top.
Why? On which symptoms?

The rule says:
When the price is in a PTECZ, it can:
1. Consolidate or Congest or Range,
2. Continue the current trend,
3. Reverse the current trend.

There was no PTECZ on the H1 chart.

There was a PTECZ on the M30 chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m30-dom-maklerski-banku.png Size: 53 KB

Surely, the Price was not Breaking Down, the Price was Breaking Up!

Now, the Pip Potential within the H1 Zone Candle was ca. 37 Pips from S to R.
If Don Corleone had Shorted at the Top of the Zone Candle, he could have got ca. 45 Pips.
He would be safe in case of BE, too!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m5-dom-maklerski-banku.png Size: 68 KB


Don Corleone entered Short when price Broke down the H1 Bullish Zone Candle,
and that was his only reason.
In longer term, maybe his SL will stand?
Maybe, the trend will shift, and maybe he will even take his TP!

Too many maybes for me!
Too many maybes for our method.
Too many maybes for the PTECZ!
Attached File(s)
File Type: mq4 Custom_Zone_Candle_with_Index.mq4   13 KB | 350 downloads
File Type: ex4 Custom_Zone_Candle_with_Index.ex4   10 KB | 255 downloads
Trade the facts, not opinions.
  • #579
  • Apr 8, 2013 2:22am Apr 8, 2013 2:22am
PTECZ in H1 and swich M5 , see PA (double top & then Falling prices)
Attached Image (click to enlarge)
Click to Enlarge Name: eu double top.gif Size: 22 KB


thanks Dadas
Persian Gulf forever
  • #580
  • Apr 8, 2013 2:55am Apr 8, 2013 2:55am
Quoting parsfx
PTECZ in H1 and swich M5 , see PA (double top & then Falling prices) {image} thanks Dadas
Plus a PTECZ in M5, too.

And, if your style is scalping,
and, if you have the MM and R/R right,
you have got a million bucks coming!

I sincerely hope and wish you this!
Trade the facts, not opinions.
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