Price Action in Day Trading by Dadas | Page 34 | Forex Factory

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Price Action in Day Trading by Dadas

  • #661
  • Apr 10, 2013 1:38am Apr 10, 2013 1:38am
Quoting robuk
I am trying to learn everything that Dadas is trying to teach us . can anyone help with these questions ? I refer to page 1 pic no. 9 I cant see where no.4 zone is preceeding an engulfing candle Ditto no.5 (unless on 5 we are only looking at the body of the candle ) any help appreciated.{image}{image}
Please, continue reading.

This issue is discussed later a few times.

Take what you see, not the theoretical definition.

Yes, we are looking at the body.

It is the Open-Close which decide the PA Break Up, Break Down.
Shadows or Wicks are one type of Consolidation.
Trade the facts, not opinions.
  • #662
  • Apr 10, 2013 1:54am Apr 10, 2013 1:54am
Quoting Dadas
Please, continue reading. This issue is discussed later a few times. Take what you see, not the theoretical definition. Yes, we are looking at the body. It is the Open-Close which decide the PA Break Up, Break Down. Shadows or Wicks are one type of Consolidation.
Thank you for your reply , i really want to understand , your teachings look terrific .
  • #663
  • Apr 10, 2013 2:00am Apr 10, 2013 2:00am
Hi all

2nd round of reading to thread.. thanks Dadas.

regards
jeet
  • #664
  • Apr 10, 2013 2:08am Apr 10, 2013 2:08am
Quoting kolesar007
When you learning its good to have all on your chart and not just one part your rectangels on PTECZ but also real trades. You say that you can show you a thousand trades..isnt the same if you say that you can show me thousand of PTECZ what you are already doing. I and everyone who follow this thread are very greatfull for this. Draw PTECZ is one part of story and fire the trades is another which is also important don't you think? I undestand you but when you post charts it takes few second and not more to drag trade from Account history to this...
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 there will be 100 000 views.
There are already 45 pages, over 400 attachements.

If you have a problem, kolesar007, go find a more simple method!

I can give you a simple method to learn in as long as it takes you to read
the following 2 sentences:

Enter Long at the Top, Exit Long at the Bottom.
Enter Short at the Bottom, Exit Short at the Top.

Just do this, and you will surely, succeed!

Show me your results, show me your trades.
Show me you can follow this method.

If you do not have the time to do this,
if you do not have the will power to do this,
if you do not have the motivation to do this,
if you do not have the persistence to do whatever it takes to succeed in Forex Trading,
go find something better to do!

Do not ask me or anybody else to do the work for you!

Everything has already been said and shown in this thread.

The rest is repetition.



Trade the facts, not opinions.
  • #665
  • Apr 10, 2013 2:09am Apr 10, 2013 2:09am
Dadas
The PTECZ in green, right? a bullish candle BUT rejection price..
Attached Image (click to enlarge)
Click to Enlarge Name: eu130410.gif Size: 19 KB
Persian Gulf forever
  • #666
  • Apr 10, 2013 2:15am Apr 10, 2013 2:15am
Quoting ejiexe
I can see people are doing well and going along with Dadas. Happy pipage to all.
And, what's up with you, ejiexe?
Why aren't you posting your trades?

Having a vacation?
Trade the facts, not opinions.
  • #667
  • Apr 10, 2013 2:19am Apr 10, 2013 2:19am
Quoting Dadas
Oh, Master of trendlines, THANK YOU! No, that is not the correct trendline, either. The correct trendline should start where the trend Began and end where the trend Ended. Thus, on the H1 we can tell where the trend Began, so we have the starting point. So far, the correct trendline for this particular trend looks like this: {image} However, we do not have the End point, because we do not know if the Bullish trend has ended or not. That is why trendlines are only helpful if someone can not see trend on chart, itself. They are useless for determining...
Here is a link if you are not sure about trend lines. http://www.babypips.com/school/eleme...stance-levels/

It is in the "elementary" section of Babypips.com.
Gone to a better place
  • #668
  • Apr 10, 2013 2:29am Apr 10, 2013 2:29am
Quoting parsfx
Dadas The PTECZ in green, right? a bullish candle BUT rejection price.. {image}
In Green on your chart - TBCZ!

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm30.png Size: 63 KB
Trade the facts, not opinions.
  • #669
  • Apr 10, 2013 2:41am Apr 10, 2013 2:41am
Quoting smikester
Here is a link if you are not sure about trend lines. http://www.babypips.com/school/eleme...stance-levels/ It is in the "elementary" section of Babypips.com.
Thank you very much for the link.

And, yes, I am absolutely sure about trendlines!

If you are not sure, please reffer to the following link:
http://www.forexfactory.com/showthre...24#post6587124

If you are not interested in my method,
please go to the other thread and state your opinions there.
Trade the facts, not opinions.
  • #670
  • Apr 10, 2013 3:27am Apr 10, 2013 3:27am
Quoting Dadas
And, what's up with you, ejiexe? Why aren't you posting your trades? Having a vacation?
Some people private message me saying all my trades are not true and that I am confussing people. So, I decided to be passive member.

I still follow you everday. I have taken this thread to be my second wife. I must visit it everyday.

I am also exploiting gold with your system. Keep studying hard though.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture1.png Size: 325 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #671
  • Apr 10, 2013 3:39am Apr 10, 2013 3:39am
Quoting ejiexe
Some people private message me saying all my trades are not true and that I am confussing people. So, I decided to be passive member. I still follow you everday. I have taken this thread to be my second wife. I must visit it everyday. I am also exploiting gold with your system. Keep studying hard though. {image}
Do not worry about the other people who want to undermine you!
Do not waste your energy on those people.

Keep doing what you are doing and be with people who support you!
Give your energy to people who give it back to you, multiplied.

Let the unsatisfied stay in their own BS.
Do not allow yourself to take their BS.

Take care of yourself and those who support you!
Trade the facts, not opinions.
  • #672
  • Apr 10, 2013 4:00am Apr 10, 2013 4:00am
Custom_Zone_Candle_with_Index.mq4
UPDATE UPDATE UPDATE UPDATE UPDATE UPDATE

New function:

PTECZ_Label - shows info label about the PTECZ that has just appeared
from chosen PTECZ_Tf. If the just closed Candle of PTECZ_Tf is PTECZ,
you will get information label in the chosen corner of your chart.

Show_PTECZ_Label true - will show an information label in chosen corner,
PTECZ_Label_Tf - Timeframe of which PTECZ you want to follow,
If_PTECZ_Label_Corner - which corner you want the info (0, 1, 2, 3),
If_PTECZ_Label_Color_UP - color of the info text when the trend Candle was Bullish,
If_PTECZ_Label_Color_DOWN - color of the info text when the trend Candle was Bearish,
If_No_PTECZ_Color - color of the info text when there was no PTECZ,
If_PTECZ_Label_FontSize - select your favourite size of font, to see better.

Corners go as follows:
0 ...........................1

2 ...........................3

In this way, you can be on lower Tf chart and you will get info when higher Tf PTECZ appears.

The info is for example:
240 PTECZ ................. 240 PTECZ

60 Doji ..................... 1440 Trending

Hope, this upgrades your trading experience some more!
Attached File(s)
File Type: mq4 Custom_Zone_Candle_with_Index.mq4   16 KB | 404 downloads
File Type: ex4 Custom_Zone_Candle_with_Index.ex4   13 KB | 287 downloads
Trade the facts, not opinions.
  • #673
  • Apr 10, 2013 4:06am Apr 10, 2013 4:06am
Quoting Dadas
A fine job, I say. My PTECZ see it like this. {image}
Dear Dadas,

It is from post 111 http://www.forexfactory.com/showthre...37#post6536237

Please give me some notes,

thanks
Attached Image (click to enlarge)
Click to Enlarge Name: post 111-01.jpg Size: 110 KB
  • #674
  • Apr 10, 2013 4:18am Apr 10, 2013 4:18am
Example:

GBPUSD M15
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.png Size: 71 KB
Trade the facts, not opinions.
  • #675
  • Apr 10, 2013 4:27am Apr 10, 2013 4:27am
Quoting Dadas
Custom_Zone_Candle_with_Index.mq4 UPDATE UPDATE UPDATE UPDATE UPDATE UPDATE {file} {file}
Hi Dadas,
Thank you for the regular improvements on the indicator. Although I have not posted, I have been working on my notes to get a better understanding of PA.
To summarise, my understanding so far is that you have basically shown 2 methods:
1. The Simple Strategy p1 post#5 using the CSCZ.
2. Method using TBCZ & PTECZ starting p 4 #48.
JUst need to practice now!
  • #676
  • Apr 10, 2013 4:33am Apr 10, 2013 4:33am
Quoting EaglePip
Hi Dadas, Thank you for the regular improvements on the indicator. Although I have not posted, I have been working on my notes to get a better understanding of PA. To summarise, my understanding so far is that you have basically shown 2 methods: 1. The Simple Strategy p1 post#5 using the CSCZ. 2. Method using TBCZ & PTECZ starting p 4 #48. JUst need to practice now!
Yes, and later, how to use the Zone Candle.

There is a lot, later.

Just take your favourite style!
Trade the facts, not opinions.
  • #677
  • Apr 10, 2013 4:39am Apr 10, 2013 4:39am
Quoting Dadas
Yes, and later, how to use the Zone Candle. There is a lot, later. Just take your favourite style!
I see p3 post #32!
EP
  • #678
  • Apr 10, 2013 4:41am Apr 10, 2013 4:41am
In other words:

I have given You all a Tool, like there is no other you can find.
I have explained in detail the idea, the basics behind the tool.
I have given you examples of different ways to use this tool in trading.

This is a Price Action Supply/Demand based method with the help of my Tools.

I was hoping, and I am still hoping, for other people to use their imagination
and innovation to make good use of this Tool in their own way, and share!


I am, still, standing!
Trade the facts, not opinions.
  • #679
  • Apr 10, 2013 4:56am Apr 10, 2013 4:56am
Gold Update
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm15.png Size: 31 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #680
  • Apr 10, 2013 5:07am Apr 10, 2013 5:07am
Quoting ejiexe
Gold Update {image}
Hi ejiexe,
Why do you still need that MA? It is getting quite distracting, after Dadas made his comments about it.
If you still want to keep it on the chart, you can go to Properties and click Visualisation so it is not on all Tfs.
Just a suggestion, or as Dadas suggested go to Properties and set to Chart on top!
BTW. Congratulation on a Good trade.! (Hard to see it hiding under the MA)
(It would be nice to see how you used the Candle zone Indi on that chart.)
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