Price Action in Day Trading by Dadas | Page 52 | Forex Factory

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Price Action in Day Trading by Dadas

  • #1,021
  • Apr 17, 2013 5:49am Apr 17, 2013 5:49am
PS.
About finaclefx idea:

We, Fx Traders are continuing our quest to maximise our Profit
and minimise our potential Risk. Ideally, we aim to Enter Long on
Bullish trend as Low as possible and Exit as High as possible.
We aim to Enter Short on Bearish Trend as High as possible and Exit as Low as possible.

We do not aim to go counter-trend!
We do not aim to take retraces, but the Big Pips.

Of course, one is allowed to do whatever is not prohibited!

Since, there are no rules in Forex, other than those imposed by our Broker,
we are free to do whatever is possible to do.

The ultimate choice is up to you!
Trade the facts, not opinions.
  • #1,022
  • Apr 17, 2013 6:23am Apr 17, 2013 6:23am
Did I close too early?
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym15.png Size: 31 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,023
  • Apr 17, 2013 6:26am Apr 17, 2013 6:26am
Where is the TP?
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm15.png Size: 35 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,024
  • Apr 17, 2013 7:00am Apr 17, 2013 7:00am
Quoting ejiexe
Where is the TP? {image}
Update. I am out. Gold is wild animal
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm15.png Size: 35 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,025
  • Apr 17, 2013 8:09am Apr 17, 2013 8:09am
Quoting ejiexe
Update. I am out. Gold is wild animal {image}
Did you read this post?
http://www.forexfactory.com/showthre...51#post6610751

Can you understand what a Trend Candle is?

Why are you always trying to go against the Trend Candle?
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd-h4-fxsalt-ltd-2.png Size: 55 KB

I will tell you why!

Because you still do not know WTF is going on!

Continue as you wish.

Go tell them my method is BS, because you can not use it!
Go tell them PA is BS, because you can not learn one Candle formation!

And TP was the same plce as yesterday.
Trade the facts, not opinions.
  • #1,026
  • Apr 17, 2013 8:27am Apr 17, 2013 8:27am
Quoting finaclefx
From my understanding of the system,the EU is bearish while the CU is bullish.
Are you another one of those who do not understand the Break Out Candle,
otherwise called Engulfing Candle, otherwise called Trend Candle?

Both of your charts have the Break Out D1 Candles yesterday!

So, you are profiting on retrace, not on Trend!
Trade the facts, not opinions.
  • #1,027
  • Apr 17, 2013 8:36am Apr 17, 2013 8:36am
Hi Dadas,

please be kind to help me decide which daily PTECZ is relevant with trading situation below. All of them have red dot, which means they are all PTECZ.

Thank you.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpdaily.png Size: 41 KB
Pursue the best and share to others!
  • #1,028
  • Apr 17, 2013 8:39am Apr 17, 2013 8:39am
Quoting ejiexe
Did I close too early? {image}
Where are your H4/H1 PTECZs?

Stop asking stupid questions!
Trade the facts, not opinions.
  • #1,029
  • Apr 17, 2013 8:43am Apr 17, 2013 8:43am
Quoting kawangkoan
Hi Dadas, please be kind to help me decide which daily PTECZ is relevant with trading situation below. All of them have red dot, which means they are all PTECZ. Thank you. {image}
Please, study this example very carefully, a thousand times.
Plus, another 3 thousand times.
http://www.forexfactory.com/showthre...82#post6612282
Come back and tell me which PTECZ is relevant to your example.
Trade the facts, not opinions.
  • #1,030
  • Apr 17, 2013 9:17am Apr 17, 2013 9:17am
EURGBP:
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-m30-fxsalt-ltd.png Size: 71 KB


You show me how I figured this out!
Trade the facts, not opinions.
  • #1,031
  • Apr 17, 2013 9:46am Apr 17, 2013 9:46am
@finaclefx
You got lucky today - Congratulations!

But, it was just a lucky shot, which hit the target!

See, the PTECZ knew:

EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-fxsalt-ltd.png Size: 76 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m30-fxsalt-ltd.png Size: 81 KB
Trade the facts, not opinions.
  • #1,032
  • Apr 17, 2013 9:48am Apr 17, 2013 9:48am
What exactly constitutes an engulfing candle?
  • #1,033
  • Apr 17, 2013 10:17am Apr 17, 2013 10:17am
Eu is not bad from that nice doji shown by phi1ipip for Dadas analysis

http://www.forexfactory.com/showthre...65#post6610765
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 31 KB
Click to Enlarge Name: eurusdh12.png Size: 37 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,034
  • Apr 17, 2013 10:19am Apr 17, 2013 10:19am
Quoting Dadas
@finaclefx You got lucky today - Congratulations! But, it was just a lucky shot, which hit the target! See, the PTECZ knew: EURUSD {image} {image}
I am on the short side today. S&P and ***USD pairs PA were suggesting stronger downmove if you ask me
We are slowly entering Risk off environment hence there might be something good ahead for the "still pretty cheap" USD
  • #1,035
  • Apr 17, 2013 10:50am Apr 17, 2013 10:50am
Quoting markup
I am on the short side today. S&P and ***USD pairs PA were suggesting stronger downmove if you ask me We are slowly entering Risk off environment hence there might be something good ahead for the "still pretty cheap" USD
That is correct, PA suggested Short, today.

finaclefx entered Short on EURUSD without, yet seeing today's PA.

Yesterday's D1 Candle was Break Out in the Long direction.
Trade the facts, not opinions.
  • #1,036
  • Apr 17, 2013 10:59am Apr 17, 2013 10:59am
Quoting Bookman
What exactly constitutes an engulfing candle?
Well, there are definitions.
I know at least two.

This brings a lot of confusion and misunderstanding.

I'd rather talk about the Break UP/DOWN Candle or Trend Candle.
This concept is better for the PTECZ concept.

If you place 2 Candles side-by-side, the first is shorter than the second,
well, not by 1 or 2 Pips, but the second one stands out in UP or DOWN
direction, then that is the Break UP/DOWN or Trend Candle.

That is a signal. These kind of Breaks signal the forming trend.
The higher the Timeframe, the stronger the signal.
Trade the facts, not opinions.
  • #1,037
  • Apr 17, 2013 11:08am Apr 17, 2013 11:08am
Is this a good usdjpy set up? i put two sell limits in the rectangle with 2:1 risk reward.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy5m.png Size: 76 KB
  • #1,038
  • Apr 17, 2013 11:19am Apr 17, 2013 11:19am
Quoting Bookman
Is this a good usdjpy set up? i put two sell limits in the rectangle with 2:1 risk reward. {image}
I am sorry, but your chart does not apply in this thread!

Please, read, learn, practise the method I present in this thread.

Please, post charts without any MA type indicators.

We are trading the Zone Candle and PTECZ concept with Price Action.

Please, post your analysis, I will comment.

One of the latest examples of analysis is at this link:
http://www.forexfactory.com/showthre...82#post6612282

If you can defend your trade in this way, I can comment.
Trade the facts, not opinions.
  • #1,039
  • Apr 17, 2013 11:42am Apr 17, 2013 11:42am
Quoting ejiexe
Eu is not bad from that nice doji shown by phi1ipip for Dadas analysis http://www.forexfactory.com/showthre...65#post6610765 {image} {image}

when would you have entered short on this chart? it looks to me the engulfing candle never retraced back into the rectangle.
  • #1,040
  • Apr 17, 2013 12:24pm Apr 17, 2013 12:24pm
Quoting Bookman
when would you have entered short on this chart? it looks to me the engulfing candle never retraced back into the rectangle.
Any specific reason why it should retrace to the rectangle?

And, which "Engulfing" Candle are you reffering to?
Trade the facts, not opinions.
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