Price Action in Day Trading by Dadas | Page 31 | Forex Factory

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Price Action in Day Trading by Dadas

  • #601
  • Edited 9:09am Apr 8, 2013 8:59am | Edited 9:09am
Quoting coke67
Dear master, I think its time to update the 1st post, to take care of all the new nuances that have developed in the thread. that way less repetitive questions will come and also less confusion. Just know we do appreciative your devotion to us all.
Thank you,

It is easy for you to say.

When am I supposed to do that?
Between answering?

I hardly have time to trade, now!

I hope someone is already putting it all together into one readable file!

And, if anyone is following with understanding, not just reading, but practising,
copying to their charts and seeing with their own eyes, they will not ask repetitive questions.

Take any of my many posted analisys, and do it step-by-step, copy to your charts.

There will always be the Guys who want it the easy way.
Read and apply - it does not work that way!

There will always be Guys who take just what they think is useful.
There will always be Guys who see just the parts they could find reasons to deny.

There will always be repetitive questions from those, who do not pay attention to details!

I repeat!

There is no simple one-click-universal-always-working-method.

Put it all together, create an ebook, give it to me for revision.

Negotiate the terms, and I will give you the rights to sell!

Interested? You know where to find me!
Trade the facts, not opinions.
  • #602
  • Apr 8, 2013 9:14am Apr 8, 2013 9:14am
Quoting coke67
Dear master, I think its time to update the 1st post, to take care of all the new nuances that have developed in the thread. that way less repetitive questions will come and also less confusion. Just know we do appreciative your devotion to us all.
You must be from SonicR thread? I cant understand why people like to humiliate themselfs. Dadas - simple human, trader, who is still learning as everybody else, who makes mistakes as everybody else, i wont argue, he knows more than most part of traders in this thread, and he is doing a good job here, trying to help, but i cant understand why are you calling him a "master" its funny actually. Same with Sonicdeejay, cant understand it.
  • #603
  • Apr 8, 2013 9:17am Apr 8, 2013 9:17am
Dear Dadas,

Thanks for your methods. i really appreciate your hard work you show me the way how to become successful in Forex.

regards
jeet
  • #604
  • Apr 8, 2013 9:28am Apr 8, 2013 9:28am
Quoting alexLV
You must be from SonicR thread? I cant understand why people like to humiliate themselfs. Dadas - simple human, trader, who is still learning as everybody else, who makes mistakes as everybody else, i wont argue, he knows more than most part of traders in this thread, and he is doing a good job here, trying to help, but i cant understand why are you calling him a "master" its funny actually. Same with Sonicdeejay, cant understand it.
Thank you for words of wisdom.

I, myself do not like it when people call me that.

But, I can not fight with that, either.

If they wish to, let them.

Some people, most people need that!
They need leaders. They need example.

Otherwise, no religion would ever exist!
Otherwise, there would be no need for government!
Otherwise, there would be no need for teachers!

And, yes, everybody is perfect the way they are!

Even if they use the word in the "master", way.
Trade the facts, not opinions.
  • #605
  • Apr 8, 2013 9:39am Apr 8, 2013 9:39am
Oh, and by the way:

It has been said that:
We learn all our lives, and we die stupid!
Trade the facts, not opinions.
  • #606
  • Apr 8, 2013 10:50am Apr 8, 2013 10:50am
Dear Dadas please look into my chart and is my analyses are ok..
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdptecz.gif Size: 24 KB
  • #607
  • Edited 3:17pm Apr 8, 2013 11:17am | Edited 3:17pm
thanks a lot "Dadas" for explaining my case in details,
now, it is clear to me.
  • #608
  • Apr 8, 2013 11:25am Apr 8, 2013 11:25am
Custom_Zone_Candle_with_Index.mq4
update update update update update update

I have noticed a little issue about the PTECZ diamond on the current candle.
Thus, I have set the diamond to show only on Candles from Index 1.
Same with the Index dot.

So, current Candle_Index = 0 - dot & diamond will not show.
Attached File(s)
File Type: mq4 Custom_Zone_Candle_with_Index.mq4   13 KB | 435 downloads
File Type: ex4 Custom_Zone_Candle_with_Index.ex4   10 KB | 299 downloads
Trade the facts, not opinions.
  • #609
  • Apr 8, 2013 11:36am Apr 8, 2013 11:36am
Quoting jeetvirk
Dear Dadas please look into my chart and is my analyses are ok.. {image}
Sorry, but what is your analisys?

This is a small part of analisys, again.

You have defined the trend in a very strange way.
Only by 1 trend line?
Trend lines are not good.
You can draw a trend line like you want.

Look at the top of your chart.

Make a step-by-step analisys from MN down to M30, like I have shown you.

Tell me what you want, how many Pips is your target.
Make an analisys that makes sense from beginning to end.

Nobody has shown me a good, thorough analisys, yet.

You want to enter Long at the top of the trend?

No, that is not a good analisys.

No, that is not a PTECZ! That is a CZCS poorly plotted.

I have shown so many examples, even today.

I will not show any more!

It is your turn to prove that you have learned.

Show me your analisys, I will tell you if they are good or not!
Trade the facts, not opinions.
  • #610
  • Edited 12:13pm Apr 8, 2013 12:02pm | Edited 12:13pm
One more hint:

Do not look at the charts like maybe you can get some Pips!

There are Pips everywhere.

Look at your charts from the point of how many Pips I want to take.

Then, look where those Pips are available, like I described in post #587
http://www.forexfactory.com/showthre...42#post6584342

Do not play a game of any chance!

Play a game of potential chance where the chance is there, already!

Know what you are going for!

Do not show me analisys from nowhere!

Show me analisys from the start point.

From your target!

If you can not declare your target, go back and study.
Trade the facts, not opinions.
  • #611
  • Apr 8, 2013 12:11pm Apr 8, 2013 12:11pm
And one more hint:

When you have understood the idea and practised theoretically,
try to get more realistic. Look at the charts from the moments
you would be actually trading. Then, make analisys like it was the real time.

Make the whole trading scenario in your head, first.

Then, start on demo.

At the end, start real, when you know you have mastered the method!
Trade the facts, not opinions.
  • #612
  • Apr 8, 2013 3:30pm Apr 8, 2013 3:30pm
Quoting Dadas
NOT A PTECZ! On M5 not a PTECZ.
I just now see in your post 585 that PTECZ "is shorter than the trend Candle".
I never read that before. Maybe I miss it .
  • #613
  • Apr 8, 2013 3:47pm Apr 8, 2013 3:47pm
Quoting kolesar007
I just now see in your post 585 that PTECZ "is shorter than the trend Candle". I never read that before. Maybe I miss it .
Post #4
http://www.forexfactory.com/showthre...82#post6525082

Maybe it was when the problem with charts?

The PTECZ can be a little longer, sometimes, but you must judge this,
have a feeling for what is a PTECZ and what is just a strong momental reverse.
Often not resulting in trend reversal, only in strong retrace.

And, I thought that to see the picture is more than words!
Trade the facts, not opinions.
  • #614
  • Apr 8, 2013 4:20pm Apr 8, 2013 4:20pm
Quoting jeetvirk
Dear Dadas please look into my chart and is my analyses are ok.. {image}
Which trendline is the correct one?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m30-fxsalt-ltd-2.png Size: 75 KB


This is to show you that trendlines are fiction!

This method is the Price Action method, not trendline method!

It is Price Action in the PTECZ and around the PTECZ which tells us about the trend.
Trade the facts, not opinions.
  • #615
  • Apr 8, 2013 4:25pm Apr 8, 2013 4:25pm
I now even see in 1st post . I just in 1st read of your thread on page 27 and reading actual posts. then I must reread again.

How you decide which zone candle TF you select only potential profit or something else? And you select first candle that you see direct or first in consolidating zone that is around current price?

I dont know why in "The Zone Candle Style Trading example #2 W1 chart trading" you select normal candel as zone candle. Same question for Examples D1, H1. I maybe get the answer after reread this post .. this in ZC example and not PTECZ example .


Thank you.
  • #616
  • Apr 8, 2013 4:33pm Apr 8, 2013 4:33pm
Quoting kolesar007
I now even see in 1st post . I just in 1st read of your thread on page 27 and reading actual posts. then I must reread again. How you decide which zone candle TF you select only potential profit or something else? And you select first candle that you see direct or first in consolidating zone that is around current price? I dont know why in "The Zone Candle Style Trading example #2 W1 chart trading" you select normal candel as zone candle. Same question for Examples D1, H1. I maybe get the answer after reread this post .. this in ZC example and...
Maybe it is because you don't read from where you finished?

Everything here has a meaning.

I wrote before that this thread is like a book.

You must remember which was the last post you read, then read on.

This is the explanation post you missed:

http://www.forexfactory.com/showthre...61#post6584261
Trade the facts, not opinions.
  • #617
  • Apr 8, 2013 8:28pm Apr 8, 2013 8:28pm
yes sir next time i will do proper analyses.

thanks
regards
jeet
Quoting Dadas
One more hint: Do not look at the charts like maybe you can get some Pips! There are Pips everywhere. Look at your charts from the point of how many Pips I want to take. Then, look where those Pips are available, like I described in post #587 http://www.forexfactory.com/showthre...42#post6584342 Do not play a game of any chance! Play a game of potential chance where the chance is there, already! Know what you are going for! Do not show me analisys from nowhere! Show me analisys from the start point. From your target! If you...
  • #618
  • Apr 9, 2013 1:55am Apr 9, 2013 1:55am
Quoting Dadas
Maybe it is because you don't read from where you finished? Everything here has a meaning. I wrote before that this thread is like a book. You must remember which was the last post you read, then read on. This is the explanation post you missed: http://www.forexfactory.com/showthre...61#post6584261
Thank you for your paitence. As I say before I must reread whole thread, because when first read you may miss some basic/important information, because there are too many new information and in second you have more clean mind and see thinks that you not see before.
  • #619
  • Apr 9, 2013 2:21am Apr 9, 2013 2:21am
Quoting Dadas
Which trendline is the correct one? {image} This is to show you that trendlines are fiction! This method is the Price Action method, not trendline method! It is Price Action in the PTECZ and around the PTECZ which tells us about the trend.
None of your trendlines are correct! But the third one from the left is the closest. Here is a chart with the correct trend line. Regards.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd130409m30.gif Size: 22 KB
Gone to a better place
  • #620
  • Apr 9, 2013 3:21am Apr 9, 2013 3:21am
PRACTICE:
EurJpy
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 24 KB

switch m15 and buy after engulfing candle
Attached Image (click to enlarge)
Click to Enlarge Name: ej eng.gif Size: 24 KB
Persian Gulf forever
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