Price Action in Day Trading by Dadas | Page 46 | Forex Factory

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Price Action in Day Trading by Dadas

  • #901
  • Apr 15, 2013 2:31am Apr 15, 2013 2:31am
This is first attempt at using Ptecz.
ON H1 chart, the D1 Zone Candle, nicely encloses 3 days PA.
Historical 1 Hr Ptecz extended to current PA.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 58 KB

Moving down to M1, PTECZ appears after a bearish move.
Entered Long at bottom of the zone. Intended TP was at top of zone, but had to exit early
as price seemed to stall.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm1.png Size: 37 KB
  • #902
  • Apr 15, 2013 2:33am Apr 15, 2013 2:33am
Quoting EaglePip
This is first attempt at using Ptecz. ON H1 chart, the D1 Zone Candle, nicely encloses 3 days PA. Historical 1 Hr Ptecz extended to current PA. {image} Moving down to M1, price there is another PTECZ after a bearish move. Entered Long at bottom of the zone. Intended TP was at top of zone, but had to exit early as price seemed to stall. {image}
good timing on the exit
  • #903
  • Apr 15, 2013 2:33am Apr 15, 2013 2:33am
and then the result of PTECZ in action
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm52.png Size: 28 KB

only target 15 pips testing mode on free account
before price was rejected at that level and then now there is PTECZ at that level buy at retrace
  • #904
  • Apr 15, 2013 2:44am Apr 15, 2013 2:44am
Quoting zarach
and then the result of PTECZ in action {image} only target 15 pips testing mode on free account before price was rejected at that level and then now there is PTECZ at that level buy at retrace
came very close to tp did it take u out?
  • #905
  • Apr 15, 2013 2:47am Apr 15, 2013 2:47am
Quoting msetai
good timing on the exit
Would have been better to go short around the previous D1 candle open = 1.3100!
  • #906
  • Apr 15, 2013 2:49am Apr 15, 2013 2:49am
Quoting EaglePip
Would have been better to go short around the previous D1 candle open = 1.3100!
true but hindsight is 20/20
  • #907
  • Apr 15, 2013 2:50am Apr 15, 2013 2:50am
Quoting Dadas
I was hoping you would support me more by showing your trades.........................................V
I will do that
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #908
  • Apr 15, 2013 2:53am Apr 15, 2013 2:53am
Quoting msetai
came very close to tp did it take u out?
TP hit sir if you see on H4 you could see why I dare to take this buy
  • #909
  • Apr 15, 2013 3:24am Apr 15, 2013 3:24am
Demo acc.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpym30.png Size: 38 KB
Click to Enlarge Name: usdchfm30.png Size: 48 KB
Persian Gulf forever
  • #910
  • Apr 15, 2013 3:48am Apr 15, 2013 3:48am
Its another great week,good way to start it.DO WE STILL HAVE DOUBTING THOMAS IN THE HOUSE???
God Bless You,Dadas!!!
Attached Image (click to enlarge)
Click to Enlarge Name: nice1.png Size: 26 KB
If you dont stand for something,you 'll fall for anything.
  • #911
  • Apr 15, 2013 3:58am Apr 15, 2013 3:58am
Quoting finaclefx
Its another great week,good way to start it.DO WE STILL HAVE DOUBTING THOMAS IN THE HOUSE??? God Bless You,Dadas!!! {image}
  • #912
  • Apr 15, 2013 4:30am Apr 15, 2013 4:30am
Great Job Everybody!

That is what I want!

Now, we are cooking with gas!
Trade the facts, not opinions.
  • #913
  • Apr 15, 2013 4:36am Apr 15, 2013 4:36am
Quoting msetai
good timing on the exit
@EaglePip
Actually, too early on the Entry.
You did not wait for retrace to PTECZ.

Second, wrong direction for bigger Pips.

However, you can see how early entry let's you get out of suspicious situation with Profit or BE.
Trade the facts, not opinions.
  • #914
  • Apr 15, 2013 4:49am Apr 15, 2013 4:49am
IMPORTANT!

I can see that some of you have got the juice, already.

Some of you are almost there!

Now, that you can see the PTECZ,
there is only one element you must work out with yourselves!

See the PTECZ, follow the PTECZ.

The PTECZ is everywhere!

If you have found a good PTECZ, do not insist that the Price must
retrace to it and go your assumed direction!

Look if there is another PTECZ, maybe?

If the Candle Breaks the PTECZ but the next Candle is also PTECZ,
then this is the New PTECZ which becomes important now!

This is the element which makes you a good trader!

STOP insisting that your PTECZ is what the Price must listen to!

The Price does not care about Your PTECZ!

The PTECZ shows the Price Action and the direction - every PTECZ!

Not only the one you highlighted, but EVERY PTECZ!
Trade the facts, not opinions.
  • #915
  • Apr 15, 2013 4:53am Apr 15, 2013 4:53am
In other words, Guys,

I can see from your charts that you are progressing,
but, still, you do not know what you are doing!

Why?

Because you are scalping the little waves!

You still do not know the bigger direction.

It is because you are not doing what I say you must do.

You are not seeing the whole picture.

You are not making full analysis from MN down.

Why?

Because you think, you do not need this!

OK, I will show you how to scalp the M1 chart.

I am working on it, now, just be patient!
Trade the facts, not opinions.
  • #916
  • Apr 15, 2013 4:56am Apr 15, 2013 4:56am
Quoting parsfx
Demo acc. {image} {image}
EJ TP hint!, uchf closed manually with little profit.
Attached Image (click to enlarge)
Click to Enlarge Name: 123.png Size: 83 KB
Persian Gulf forever
  • #917
  • Apr 15, 2013 5:01am Apr 15, 2013 5:01am
With your writing,Many of my questions Resolved.
Grateful
Quoting Dadas
IMPORTANT! I can see that some of you have got the juice, already. Some of you are almost there! Now, that you can see the PTECZ, there is only one element you must work out with yourselves! See the PTECZ, follow the PTECZ. The PTECZ is everywhere! If you have found a good PTECZ, do not insist that the Price must retrace to it and go your assumed direction! Look if there is another PTECZ, maybe? If the Candle Breaks the PTECZ but the next Candle is also PTECZ, then this is the New PTECZ which becomes important now! This is the element which makes...
Persian Gulf forever
  • #918
  • Apr 15, 2013 5:05am Apr 15, 2013 5:05am
Gold,
What a terrible crash!
Persian Gulf forever
  • #919
  • Apr 15, 2013 5:05am Apr 15, 2013 5:05am
Hello,

I see nothing this morning on Eur/usd. No trade.
Bottomless wonders spring from simple rules, which are repeated without end
  • #920
  • Apr 15, 2013 5:14am Apr 15, 2013 5:14am
SCALPING M1 with PTECZ

To scalp the M1 chart all you need is:
1. Very small spread (1Pip maximum),
2. The PTECZ.

Optional:
OCO account or tool. (One Closes Other)

This means, that you must follow the M1 PTECZ!
This means, that you must take whatever goes, even 1 Pip or less.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m1-fxsalt-ltd.png Size: 83 KB


Of course, you may invent your own strategy based on M5 or M15 PTECZ.

Just, USE YOUR MIND!
Trade the facts, not opinions.
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