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  • #1,001
  • Apr 16, 2013 12:02pm Apr 16, 2013 12:02pm
Quoting ejiexe
Can you pls show the recent PTECZ no 4hr chart
GOLD H4, on my chart, there isn't any!
So, you see. Bears continue!

The big yellow PTECZs are W1 historical PTECZs.
Trade the facts, not opinions.
  • #1,002
  • Apr 16, 2013 12:36pm Apr 16, 2013 12:36pm
As you see, GOLD is at historical levels of 2010.
That is where you must look for PTECZs.
It may be impossible to locate H4, H1, even D1 PTECZs,
because there is no data that far back on those Tfs.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd-w1-fxsalt-ltd.png Size: 61 KB
Trade the facts, not opinions.
  • #1,003
  • Apr 16, 2013 12:56pm Apr 16, 2013 12:56pm
2. The Potential Trend Ending Consolidation Zone (PTECZ):
It is the Candle of opposite direction, just after the Trend Candle.
It signifies, shows a Consolidation Zone from some lower Tf.
It is labelled "Potential", because it can prove to be a signal of trend reversal.
Or, it can just prove to be a local Price Consolidation in the Trend Continuation.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh4.png Size: 68 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,004
  • Apr 16, 2013 1:05pm Apr 16, 2013 1:05pm
Quoting ejiexe
2. The Potential Trend Ending Consolidation Zone (PTECZ): It is the Candle of opposite direction, just after the Trend Candle. It signifies, shows a Consolidation Zone from some lower Tf. It is labelled "Potential", because it can prove to be a signal of trend reversal. Or, it can just prove to be a local Price Consolidation in the Trend Continuation. {image}
Which one on that picture is the Trend Candle?

For me, it is the Green one, it is longer than the one before it.
It is relatively longer and thus, it is Break Up, so Trend!

Logically, Trend is the longer Candle.
PTECZ is the shorter Candle in opposite direction.
Sometimes the same lenght, or just a little longer.

I show a million examples and you still do not know?
Trade the facts, not opinions.
  • #1,005
  • Apr 16, 2013 1:08pm Apr 16, 2013 1:08pm
Dadas,

since your pictures from the different server are still unavailable I'd like to ask you if a Doji is a PTECZ? I suppose so but you're the Master

Thank you,
Philipp
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 54 KB
  • #1,006
  • Edited 1:35pm Apr 16, 2013 1:14pm | Edited 1:35pm
@ejiexe

XAUUSD H4

My chart - no PTECZ:
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd-h4-fxsalt-ltd.png Size: 38 KB

Your chart:
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh4.png Size: 33 KB
Trade the facts, not opinions.
  • #1,007
  • Apr 16, 2013 1:20pm Apr 16, 2013 1:20pm
Quoting phi1ipp
Dadas, since your pictures from the different server are still unavailable I'd like to ask you if a Doji is a PTECZ? I suppose so but you're the Master Thank you, Philipp {image}
Yes, in this case, yes, of course, it is a PTECZ.
Trade the facts, not opinions.
  • #1,008
  • Apr 16, 2013 1:23pm Apr 16, 2013 1:23pm
Dadas, thank you for the quick answer.

And what about this example?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 49 KB
  • #1,009
  • Apr 16, 2013 1:34pm Apr 16, 2013 1:34pm
Quoting phi1ipp
Dadas, thank you for the quick answer. And what about this example? {image}
Yes, that is a PTECZ too, only it was a less important one, because the trend was strong.
You see the blue PTECZ was more important, is that W1?
Trade the facts, not opinions.
  • #1,010
  • Apr 16, 2013 1:39pm Apr 16, 2013 1:39pm
Quoting Dadas
Yes, that is a PTECZ too, only it was a less important one, because the trend was strong. You see the blue PTECZ was more important, is that W1?
Exactly, it's a W1.

That's a good example of what you're talking about that you can't set PC to trade as there is always a gray area in PTECZ determination. Only a human can find additional zones.

I'm still trying to figure out a strategy based on your wonderful discovery. I'm a Sam Seiden fan so trying to combine your approach with his ideas.
  • #1,011
  • Apr 16, 2013 1:52pm Apr 16, 2013 1:52pm
Quoting phi1ipp
I'm still trying to figure out a strategy based on your wonderful discovery. I'm a Sam Seiden fan so trying to combine your approach with his ideas.
So, what are you trying to do?
Re-invent the PTECZ?

The PTECZ was born out of Sam Seiden Supply/Demand!

It was born out of the deep understanding of Consolidation, Supply/Demand,
and the truth about how this market works - Balance = 0!

Everything courtesy of Sam Seiden!

You are trying to combine what is already combined???
Trade the facts, not opinions.
  • #1,012
  • Apr 16, 2013 2:04pm Apr 16, 2013 2:04pm
Quoting Dadas
So, what are you trying to do? Re-invent the PTECZ? The PTECZ was born out of Sam Seiden Supply/Demand! It was born out of the deep understanding of Consolidation, Supply/Demand, and the truth about how this market works - Balance = 0! Everything courtesy of Sam Seiden! You are trying to combine what is already combined???
Nope. Just study more to work out the strategy. You know I'm confused of all those PTECZ at different TF and how should I treat them. When deciding to go or not I'd like to know if the nearest PTECZ higher/lower could be a stopper for trend running.

As you say I still need to do some testing to work out the strategy.

You know, Sam teaches that as soon as you have a good zone you should open a position when PA touches the zone. But you should take into consideration a possible R:R. So, for example, I have a good D1-zone and a price is revisiting it. So I drop down to a lower TF (let's say H1) and wait till a PTECZ forms there. It could be deeper in D1 zone. After that I need to wait till PA leaves H1 zone, revisit it and starts leaving it in my direction. But shall I wait till the price leaves the D1? What if the price then makes another PTECZ (H1) on its way to my TP? Shall I close the position or stick to my initial TP?

You see I'm just learning and testing... I know you're the man who prefers to leave us with our own thoughts rather than narrow our minds with simple answers I like that. But if you see that your answers won't hurt me then your help is much appreciated!

Regards,
Philipp
  • #1,013
  • Apr 16, 2013 2:16pm Apr 16, 2013 2:16pm
Quoting phi1ipp
Nope. Just study more to work out the strategy. You know I'm confused of all those PTECZ at different TF and how should I treat them. When deciding to go or not I'd like to know if the nearest PTECZ higher/lower could be a stopper for trend running. As you say I still need to do some testing to work out the strategy. You know, Sam teaches that as soon as you have a good zone you should open a position when PA touches the zone. But you should take into consideration a possible R:R. So, for example, I have a good D1-zone and a price is revisiting...
Somebody, once, could not understand what my Daily Range indicator is for.

Try like this:
If you can see the dominating trend or not, find 3 H4 PTECZs.
One at bottom of Today's (The Day you are trading) Price level.
The second above at about the Average Daily Range, you will see where it can be.
The third below at about the Average Daily Range, you will see where it can be.

When Price is in Trend and breaking the PTECZ, look for the next H4 PTECZ.

Example: EURUSD
I did not look below, because of trend.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-fxsalt-ltd.png Size: 68 KB


Maybe this will give you a good hint?
Trade the facts, not opinions.
  • #1,014
  • Apr 16, 2013 2:30pm Apr 16, 2013 2:30pm
Just a quick question... Do you have any zone expiration rule? When it stops to become valid.

I'll post my analysis later for you to review and correct. I'll go to take a shower meanwhile. It's too hot in Texas for the guy from Siberia
  • #1,015
  • Apr 16, 2013 2:37pm Apr 16, 2013 2:37pm
Quoting phi1ipp
Just a quick question... Do you have any zone expiration rule? When it stops to become valid. I'll post my analysis later for you to review and correct. I'll go to take a shower meanwhile. It's too hot in Texas for the guy from Siberia
Every PTECZ is valid for as long as the Market Lasts.
You are looking for the nearest history, first.
Then, if you can't find one near, or nothing fits near, must look further.
Sometimes as far as 2010, like GOLD, now.
Only when New Alltime High/Low, then there is nothing to relate to.
Then, the PTECZ that forms is the new PTECZ.

It's almost midnight, here, so my comments on your analysis in ca. 9-10 hours!
Trade the facts, not opinions.
  • #1,016
  • Apr 16, 2013 3:10pm Apr 16, 2013 3:10pm
Let's take something weird, like EURAUD

So here is weekly trending up, blue zones
Attached Image (click to enlarge)
Click to Enlarge Name: euraudweekly.png Size: 44 KB


Let's have a look at daily. It's trending up too. Here is the first question coming. Shall we keep in consideration a zone with a questionmark? We just entered a zone. If we liked to go short off Daily it'd be the time, right?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 8 KB


And finally H4 (I don't interested in lower TF as I'm not an intraday player). It's bullish too. So...

We're waiting for PA to break either side of a just formed PTECZ? I'd like to go long but where is a supply? I'd like to know what is my possible R:R?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 7 KB
  • #1,017
  • Apr 16, 2013 9:30pm Apr 16, 2013 9:30pm
Quoting Dadas
Dynamic Zones Day Trading Strategy As Day Taders we are trading the Current D1 Candle. How the Candlestick is formed, we already know. Shadow - Body - Shadow. Sometimes, there is no Shadow. There are only 3 types of Candlesticks: 1. Bullish, 2. Bearish, 3. Consolidation (by Consolidation D1 Candlestick I mean any relatively short Candle, or inside Previous Trend Candle) So, there are, in short, 3 D1 Candlestick scenarios: 1. On strong Bullish Trend: a. first, the Lower Shadow is formed, b. second, Price goes UP until some resistance, c. third, the...
Hi Dadas,
Please do these charts reflect the Day traders idea you described here?From my understanding of the system,the EU is bearish while the CU is bullish.Do I have a point here?thanks!

PS:The areas make with red arrows.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: D1_EUR.png Size: 18 KB
Click to Enlarge Name: D1_CU.png Size: 24 KB
If you dont stand for something,you 'll fall for anything.
  • #1,018
  • Edited 2:46am Apr 17, 2013 2:35am | Edited 2:46am
Quoting phi1ipp
EURAUD So here is weekly trending up, blue zones
Attached Image (click to enlarge)
Click to Enlarge Name: euraudweekly.png Size: 44 KB

Correct:
phi1ipp has plotted the last W1 PTECZ for the current Low Price Level, and
the last last W1 PTECZ for the current High Price Level - the next Potential Stop in a longer term.

Quoting phi1ipp
Let's have a look at daily. It's trending up too. Here is the first question coming. Shall we keep in consideration a zone with a questionmark? We just entered a zone. If we liked to go short off Daily it'd be the time, right?
Attached Image (click to enlarge)
Click to Enlarge Name: eurauddaily.png Size: 8 KB

phi1ipp - Somehow your rectangle slipped on the upper 2 yellow PTECZs.
They are supposed to be High to Low, not High to Close!
But, OK, let's keep the above in mind!

Looking from bottom:
phi1ipp has plotted:
A D1 PTECZ ending the Bearish retrace to the W1 PTECZ on a Bullish Trend.
Actually, having this picture, there was no need to plot this PTECZ trading from D1.
The picture for Long Entry at the area of the W1 PTECZ is clear on any Tf.

A D1 PTECZ potentially ending the Bullish Trend.
This PTECZ would be our picture for lower Tfs to watch PA, and Enter Short, in this case.

Looking from top:
A D1 PTECZ ending the Bullish retrace to the W1 PTECZ on a Bearish Trend.
Actually, having this picture, there was no need to plot this PTECZ trading from D1.
The picture for Short Entry at the area of the W1 PTECZ is clear on any Tf.
However, this PTECZ was useful as the Potential Short Entry for continuation Bearish Trend.

Another D1 PTECZ ending the Bullish retrace to the W1 PTECZ on a Bearish Trend.
This PTECZ did not have any importance on the way down, but it just may prove to be important, now.

Quoting phi1ipp
And finally H4 (I don't interested in lower TF as I'm not an intraday player). It's bullish too. So... We're waiting for PA to break either side of a just formed PTECZ? I'd like to go long but where is a supply? I'd like to know what is my possible R:R?
This one, I have to show you the right way, or my way.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-h4-fxsalt-ltd.png Size: 58 KB

We start from point 0 which means we see the Bullish Candle, but the PTECZ after it is not closed.
You should, already have PTECZ 1 plotted, as the historical PTECZ on a previous Bullish Trend.

When the new PTECZ closes, you plot this PTECZ 2.
Now, you act on PA inside PTECZ 2 knowing your Stops (bottom and top).
An obvious Short for Day Traders with 110 Pip potential from Zone to Zone.

What happened later is obvious, too. Price bounces off W1 Support.
Breaks Out of it in the up direction, retraces - Long. Same Pip potential.
If any doubts, there is PTECZ 3 on the way. Smaller Tf would show the Long.

Then following H4 you would see the Price Break through PTECZ 2 and PTECZ 1.
You need the next Stop! Stop on Bullish Trend! You look in history.
Nothing fits on H4, so go higher, look on D1.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-d1-fxsalt-ltd.png Size: 58 KB

And, you find the important PTECZ 4!

What now?

Now, the Price has 3 options:
1. Consolidate some more,
2. Break Up - continue trend,
3. Break Down - reverse trend.

What do you need?
1. A New PTECZ,
2. The next Stop Up, because you have the ones below,
3. The general overview on MN, W1, D1 to figure out where Price is more likely to go.

Basically, PTECZ 4 should do the job if you do not want to go lower on TFs.

So, again, this is the picture:
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-h4-fxsalt-ltd-2.png Size: 58 KB
Trade the facts, not opinions.
  • #1,019
  • Apr 17, 2013 3:02am Apr 17, 2013 3:02am
Quoting finaclefx
Hi Dadas, Please do these charts reflect the Day traders idea you described here?From my understanding of the system,the EU is bearish while the CU is bullish.Do I have a point here?thanks! PS:The areas make with red arrows. {image} {image}
In a certain way it does.

I mean, yes, it is possible that Price retraces, it usually does.
And you have entered Short at top, Long at Bottom.

If, you did this exactly at the right time and combined with R/R and MM, why not?

The PTECZ would be used to define the TP level!

But, this is not the Dynamic Zones Day Trading Strategy.

Your strategy is simply based on the understanding of the workings of the Candlestick!

However, it can be a good strategy, as well.
Here, the timing plays an important role!
As long as you stick to the whole set of rules!

And, as long as you understand what you are doing!

You do realize, I hope, that you are going counter-trend in both trades?
Trade the facts, not opinions.
  • #1,020
  • Apr 17, 2013 3:16am Apr 17, 2013 3:16am
@finaclefx

The PTECZ does confirm.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-d1-fxsalt-ltd.png Size: 71 KB


However, reading Price Action seems to play a lesser role in this strategy.
It is just an application of Price Action in the general understanding
of the process of Candlestick Formation applied to the D1 Candlestick.
Trade the facts, not opinions.
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