Price Action in Day Trading by Dadas | Page 42 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price Will Tell - Supply/Demand Price Action Trading 1,858 replies

The Price is Right: Trading Price Action 219 replies

Price action at the core / tma intra day 5,016 replies

2 day price action 8 replies

Attachments: Price Action in Day Trading by Dadas
Exit Attachments

Price Action in Day Trading by Dadas

  • #821
  • Apr 12, 2013 12:45pm Apr 12, 2013 12:45pm
Quoting Dadas
If you followed the steps I posted twice, it should work. How can I help remotely, when I do not know what you are doing? When you have the file in the MetaEditor you must save it from MetaEditor to the C -> Program files (x86) -> MetaTrader 4 -> experts -> indicators folder. Only then, you must Compile the file in MetaEditor by clicking the Compile button. Other than that, how can I help you?
Following these instructions worked for me. Only took a few minutes.
  • #822
  • Apr 12, 2013 1:11pm Apr 12, 2013 1:11pm
Quoting fxrabbi
"Second mistake: You did not estimate the Pip potential. It was 50-60 Pips. (ca. 66 Pips from PTECZ to PTECZ inside)" please @Dadas how can I do the above, please show step by step ways to do this.
There are many examples in this thread.

How many times must I repeat the same thing over and over, again?

Can't you read the thread?

I know it is pretty large, but the better for you, to study!

One example:
http://www.forexfactory.com/showthre...49#post6598949
Trade the facts, not opinions.
  • #823
  • Apr 12, 2013 1:25pm Apr 12, 2013 1:25pm
@ihelfman

Thanks, got it in.
We always have a choice to be right or kind,be kind you will learn more.
  • #824
  • Apr 12, 2013 6:21pm Apr 12, 2013 6:21pm
Quoting Dadas
Other than that, how can I help you?
You already have.........thanks
We always have a choice to be right or kind,be kind you will learn more.
  • #825
  • Apr 13, 2013 4:03am Apr 13, 2013 4:03am
Here is a little hint for the Custom_Zone_Candle_with_Index.mq4:

1. You can have the Index dot under the Candle and you do not need to see it.
Just set: Candle_Index_ArrowColor to the color of you chart background.
Mine is: 85,102,85
You can input any color, either from the default pallette, or any other.

2. You can change the color style of your Zone Candle to the PTECZ highlighting style:
Just set:
Custom_Zone_Candle_HL_Color = None
Custom_Zone_Candle_HH_Color = None
Custom_Zone_Candle_Color = Goldenrod (I like this color)

Try, experiment!

Did you save your favourite settings to a template?

Then, it is easy to apply with a couple of clicks!
Trade the facts, not opinions.
  • #826
  • Edited 10:42am Apr 13, 2013 5:31am | Edited 10:42am
False Break Outs vs. PTECZ

Today, I have decided to check some more on the FBO issue.
People keep telling me that trading Consolidations is dangerous
because of the False Break Out issue.

So, I started thinking, because before the PTECZ I, too, heard
about FBOs, but ever since the PTECZ they seemed to have dissappeared?

I asked my friend to show me some FBOs on his chart, so that I could check.

Here is the outcome:

My friend showed me this chart:
Attached Image (click to enlarge)
Click to Enlarge Name: f.gif Size: 31 KB


So, I opened my chart on his platform:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15_fbo_ptecz.png Size: 52 KB


He showed me another chart:
Attached Image (click to enlarge)
Click to Enlarge Name: f3.gif Size: 30 KB


So, I did the same:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15_fbo_ptecz_2.png Size: 48 KB


Then, I studied some more, and I noticed something:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15_fbo_ptecz_3.png Size: 50 KB


I followed:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15_fbo_ptecz_4.png Size: 43 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15_fbo_ptecz_5.png Size: 40 KB

PTECZ gives FBOs no chance.
Trade the facts, not opinions.
  • #827
  • Apr 13, 2013 5:34am Apr 13, 2013 5:34am
I find FBOs to be one of the best and most profitable reverse signals. Why fight with them when u can use them to pinpoint entry ?
  • #828
  • Apr 13, 2013 5:36am Apr 13, 2013 5:36am
Quoting Dadas
.....The Strategy Tester is not only for testing Expert Advisors! .....
With the market closed, decided to pratice on ST. Have yet to get it to work properly.
After a lot of clicking around, discovered that it must have an entry in the EA menu. I just used one from the drop down list.
Still cannot get it to work in visual mode.
Searching for more information will result in about 100 pages of links, but I think the most helpful is the vHands thread.
Will now try loading vHands files.
This may help anyone else struggling with ST.
  • #829
  • Apr 13, 2013 5:39am Apr 13, 2013 5:39am
Quoting markup
I find FBOs to be one of the best and most profitable reverse signals. Why fight with them when u can use them to pinpoint entry ?
Why consider them at all, if they are not there?

They seem to be only an interpretation, nothing else.

There is nothing to fight with!

Just, follow the PTECZ!

The PTECZ eliminates any neccessity to fight for or against!
Trade the facts, not opinions.
  • #830
  • Apr 13, 2013 5:43am Apr 13, 2013 5:43am
Quoting Dadas
Why consider them at all, if they are not there? They seem to be only an interpretation, nothing else. There is nothing to fight with! Just, follow the PTECZ!
If they are not there then there are no breakouts in this market.
If there are no breakouts then there are no supply/demand zones on which PTECZ is based.
Right?


I recommend you to spend couple of days on Futures market where you can see the actuall orders. You will change your mind after couple of days.
  • #831
  • Apr 13, 2013 5:45am Apr 13, 2013 5:45am
Quoting EaglePip
With the market closed, decided to pratice on ST. Have yet to get it to work properly. After a lot of clicking around, discovered that it must have an entry in the EA menu. I just used one from the drop down list. Still cannot get it to work in visual mode. Searching for more information will result in about 100 pages of links, but I think the most helpful is the vHands thread. Will now try loading vHands files. This may help anyone else struggling with ST.
People, you probably know youtube.com?

Meta Trader video tutorials:

http://www.youtube.com/results?searc...ac.3bfeAsjRMK0
Trade the facts, not opinions.
  • #832
  • Apr 13, 2013 5:45am Apr 13, 2013 5:45am
Quoting Dadas
Why consider them at all, if they are not there? They seem to be only an interpretation, nothing else. There is nothing to fight with! Just, follow the PTECZ!
If they are not there then there are no breakouts in this market.
If there are no breakouts then there are no supply/demand zones on which PTECZ is based.
Right?

As much as i like the idea i have to say PTECZ skips a lot of important/nobrainer levels on the chart.
I recommend you to spend couple of days on Futures market where you can see the actuall orders. You will change your mind after couple of days.
FB tend to close a lot of players on the wrong side of market. That is very important information on which one can build whole strategy becouse it shows true orderflow behind PA.


I'm sorry for double post. Please delete one of those.
  • #833
  • Apr 13, 2013 5:48am Apr 13, 2013 5:48am
Quoting Dadas
False Break Outs vs. PTECZ .
This is exactly the problem faced on that other thread about BOs. Could never understand how to deal with them.
The PTECZ approach seems to be the answer!
  • #834
  • Apr 13, 2013 5:50am Apr 13, 2013 5:50am
Quoting markup
If they are not there then there are no breakouts in this market. If there are no breakouts then there are no supply/demand zones on which PTECZ is based. Right? I recommend you to spend couple of days on Futures market where you can see the actuall orders. You will change your mind after couple of days.
I already have changed my mind.
I have changed my interpretation.

But, I have no problem with your suggestions.

I welcome You to co-operate.

Post me a challange, your chart example.

I will see how the PTECZ can apply?

Not for the reason to fight or prove anything to you.

For the reason to check and see if the PTECZ applies!
For the reason of education, for all of us,
no matter how experienced traders we might be.
Trade the facts, not opinions.
  • #835
  • Apr 13, 2013 5:53am Apr 13, 2013 5:53am
Quoting markup
I'm sorry for double post. Please delete one of those.
I can not delete your posts.
You can do that!

You are a friend, here, so I will not ask mods to Clean you up!
Trade the facts, not opinions.
  • #836
  • Apr 13, 2013 5:56am Apr 13, 2013 5:56am
Noe need to prove the fact. If market consolidates then it have to breakout. Sometimes all the BO liquidity gets consumed and price comes back to the range. Thats just market mechanics and PTECZ is based on same principals. Take the Gold W1 chart for example and the fact that major hedge funds have a big share in portfolio there

http://screencast.com/t/cvk8net5B4

http://www.bloomberg.com/news/2013-0...old-falls.html


Are we going to hit 1000 in couple of months?
  • #837
  • Apr 13, 2013 6:10am Apr 13, 2013 6:10am
Quoting markup
Noe need to prove the fact. If market consolidates then it have to breakout. Sometimes all the BO liquidity gets consumed and price comes back to the range. Thats just market mechanics and PTECZ is based on same principals.
You are right, again.

But, think for a moment.
Consolidations can be from 1-tick long, couple of Pips long, tens of Pips long,
to hundreds of Pips long, or thousands of Pips long.
What is Break Out from lower Tf Consolidation is not Break Out on higher Tf.

The point is where you are trading!

It is contextual thinking!

If you think there is a Break Out that may be False, check PTECZ on higher TF.
Just look and see if the indi shows PTECZ on higher TF.

It might just prove, it is not a Break Out.

People get stuck on a context, that is why they lose.

Your context is already wider and assumes the taking advantage of the FBO.

I try to eliminate the issue, by showing a way, the PTECZ way.

Quoting markup
Take the Gold W1 chart for example and the fact that major hedge funds have a big share in portfolio there. Are we going to hit 1000 in couple of months?
Have you heard about the double bottom?
I would say we are soon going to experience back up on GOLD.

But, it does not matter what I think.

The PTECZ will show.
It always shows.
Trade the facts, not opinions.
  • #838
  • Apr 13, 2013 6:15am Apr 13, 2013 6:15am
Quoting Dadas
You are right, again. But, think for a moment. Consolidations can be from 1-tick long, couple of Pips long, tens of Pips long, to hundreds of Pips long, or thousands of Pips long. What is Break Out from lower Tf Consolidation is not Break Out on higher Tf. The point is where you are trading! It is contextual thinking! If you think there is a Break Out that may be False, check PTECZ on higher TF. Just look and see if the indi shows PTECZ on higher TF. It might just prove, it is not a Break Out. People get stuck on a context, that is why they lose....
Fully agree on the contextual thinking. Being open to all possibilities is very important.
Double bottoms are in downtrand We have strong breakout on W1 and some big players might loss their shirts sending it even lower
If it closes back above the support i will changhe my mind but at current moment there is fear and panic in the air, giving nice trade opportunity with low risk entry just watch next week.

Time to start the weekend and have some fun watching Eddie Izzard Live
Hope you wont mind sharing that clip here Dadas

Inserted Video


All the best
  • #839
  • Apr 13, 2013 6:31am Apr 13, 2013 6:31am
Quoting markup
Time to start the weekend and have some fun watching Eddie Izzard Live Hope you wont mind sharing that clip here Dadas the best
I had a Great laugh!

But, this is rather for native English speakers
and proficient English as second language speakers.

Thank You!
Trade the facts, not opinions.
  • #840
  • Apr 13, 2013 6:40am Apr 13, 2013 6:40am
BTW.

The above comedian illustrates contextual thinking in a perfect way.

Why is it funny?

Because it is a paradox.

Putting a different context into another context.

Where the two contexts, obviously do not match logically.

This is what movies are based on.

Star Trek, Star Wars, and all the other sci-fi movies
contain so many inconsistencies, that when you realize that,
the whole plot becomes ridiculous!

But, I do not want to take the fun out of your life!

I do, enjoy those movies, a lot.
Trade the facts, not opinions.
2 traders viewing now