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Price Action in Day Trading by Dadas

  • #1,301
  • Apr 22, 2013 10:24pm Apr 22, 2013 10:24pm
The second strategy on UJ

D1
Attached Image (click to enlarge)
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right now we are in PTECZ which happen on April 4, 2013 from the D1 chart we can see price break in to this PTECZ and rejected at the top but from PA there is still no clear signal for reversal trend the best odd of course buy at the bottom of D1 zoom in to smaller time frame after seeing sign for buy, but if price break down today then this analysis not valid anymore.
We can use H4 PTECZ for possible SL and TP
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  • #1,302
  • Apr 22, 2013 11:01pm Apr 22, 2013 11:01pm
2-I deal of PTECZ-5 trend on 5 min.+ 10 pips

http://i5.pixs.ru/storage/2/0/7/2gif...11_7788207.gif
  • #1,303
  • Apr 22, 2013 11:24pm Apr 22, 2013 11:24pm
Quoting zarach
The second strategy on UJ D1 {image} right now we are in PTECZ which happen on April 4, 2013 from the D1 chart we can see price break in to this PTECZ and rejected at the top but from PA there is still no clear signal for reversal trend the best odd of course buy at the bottom of D1 zoom in to smaller time frame after seeing sign for buy, but if price break down today then this analysis not valid anymore. We can use H4 PTECZ for possible SL and TP {image}
I realised that it is the concept that we all need. Different people see chart in different ways.

PTECZ is also a tool! A very perfect tool. I still use it confluence with other terminologies.

Gold went down when everybody was saying up up up. People still believe the global position on yen is up up up and this could be a trap also.
I am not predicting here as it is not part of our rules but saying what my chart is telling me.

This is just a typical example of listening to what people say and go again what your chart is telling you. Do whatever your chart is telling you because we CAN NEVER see chart same way. We only need to know how to do it in a right way. If I had done it the way I see it my chart, I would have lock in profit now and watch what the market is going to do next. I am personally not a scalper but I love to enter as a scalper and stay as long as possible.

I have all my PTECZ from Month downward and my chart tell me we may reverse but I listen to people saying you are going against the trend.

What is the Meaning of PTECZ? Potential Trend ending consolidation zone.
I think there should be PLTECZ. (Potential Large trend ending consolidation zone)
Afterall, the trend ending will start from lower time frame before it eventually turn the global trend.

Edit: I am not saying the Trend is ending now. This is forex. There is nobody that can say for sure where the price will go but I am very sure that if price go up there will be PTECZ that support it and if price go down there will also be a PTECZ that will equally support it. we just need to following the PTECZ and we should not be trap as well.
Attached Image(s) (click to enlarge)
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,304
  • Apr 22, 2013 11:26pm Apr 22, 2013 11:26pm
Quoting Luba
2-I deal of PTECZ-5 trend on 5 min.+ 10 pips {image}
You get the concept.
Practise Pratise will let you know if you are doing it right or not.
Don't be afraid to pull your trigger man.
Use strategy tester by weekend to backtest as well.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,305
  • Apr 23, 2013 12:42am Apr 23, 2013 12:42am
Quoting ejiexe
{quote} I have all my PTECZ from Month downward and my chart tell me we may reverse but I listen to people saying you are .
ejiexe,thanks, I'll try to do so. Great post.

With respect.
  • #1,306
  • Apr 23, 2013 2:03am Apr 23, 2013 2:03am
One is all and all is one.

Great PTECZ
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,307
  • Apr 23, 2013 2:27am Apr 23, 2013 2:27am
Quoting ejiexe
One is all and all is one. Great PTECZ {image}

Stop move to BE plus + 1

Free ride. PTECZ and PA will tell me what else to do
Attached Image (click to enlarge)
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,308
  • Edited 2:58am Apr 23, 2013 2:43am | Edited 2:58am
Quoting ejiexe
{quote} Stop move to BE plus + 1 Free ride. PTECZ and PA will tell me what else to do {image}
I get ZONK stop out @ +1

I forgot the news.

Edit:

I closed the next chart in profit on another account while I got greed on the the first chart.

Anyway, this is an example going against the daily trend. Yesterday low already broken so this is a quick retracement and news quick reverse it without given me opportunity to see PA to exit as I planned.
Attached Image(s) (click to enlarge)
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,309
  • Apr 23, 2013 3:20am Apr 23, 2013 3:20am
I train. "I really like the method and Learning indicator. go for the price.


http://i5.pixs.ru/storage/5/5/4/3gif...47_7789554.gif
  • #1,310
  • Apr 23, 2013 3:47am Apr 23, 2013 3:47am
Aggressive entry from yesterday's Lows.

http://i5.pixs.ru/storage/7/5/4/1gif...61_7789754.gif
  • #1,311
  • Apr 23, 2013 5:32am Apr 23, 2013 5:32am
Hi all,

Dadas this is a great thread the method is genius and your knowledge of price action is hard to find elsewhere.

I´ ve been following this thread pretty much from the beginning and was able to figure it out myself by applying your examples. However, I have to ask you now. I understand the PTECZ concept as well as the top and bottom of that zone.

Even though I also got what you mean with the term global positioning and how it´s related to the zone candle. Sometimes I´m still struggling using the zone candle. As I understand you are just using it to compliment your analysis (many examples).

So ideally ( even though not neccasary) you are looking for PTECZ´s inside the candle zone of the time frame your about to trade? Then you treat the candle zone just as the PTECZ in relation to buy low and sell high. For example, One found a PTECZ in a given time frame and one is able to buy low but price is at the resitance of the higher timeframe candle zone one would wait for a break of that zone? I hope this makes sense.

Thanks a lot,

Christianfx
  • #1,312
  • Apr 23, 2013 6:21am Apr 23, 2013 6:21am
Quoting Christianfx
Hi all, Dadas this is a great thread the method is genius and your knowledge of price action is hard to find elsewhere. I´ ve been following this thread pretty much from the beginning and was able to figure it out myself by applying your examples. However, I have to ask you now. I understand the PTECZ concept as well as the top and bottom of that zone. Even though I also got what you mean with the term global positioning and how it´s related to the zone candle. Sometimes I´m still struggling using the zone candle. As I understand...
Let me help you by telling you to provide chart so Dadas can help you.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,313
  • Apr 23, 2013 6:30am Apr 23, 2013 6:30am
GU counter with my same approach on 15min
Attached Image (click to enlarge)
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,314
  • Apr 23, 2013 7:41am Apr 23, 2013 7:41am
Can SomeOne attach Template with all 9 -10 Indicators ? ( I think my template only with 1 - 2 Indicators ) ... Thanks.
  • #1,315
  • Apr 23, 2013 8:25am Apr 23, 2013 8:25am
Quoting balance001
Can SomeOne attach Template with all 9 -10 Indicators ? ( I think my template only with 1 - 2 Indicators ) ... Thanks.
I only have 1. .
  • #1,316
  • Apr 23, 2013 10:07am Apr 23, 2013 10:07am
I'll try to sell.

http://i5.pixs.ru/storage/9/2/0/1gif...31_7792920.gif



http://i5.pixs.ru/storage/8/9/3/1gif...23_7792893.gif
  • #1,317
  • Apr 23, 2013 10:12am Apr 23, 2013 10:12am
Quoting Luba
I'll try to sell. {image} {image}
The level could be good but where is the PTECZ?

As at the time u prepare the chart, candle not close. Remember, we work on close candle here
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,318
  • Apr 23, 2013 10:22am Apr 23, 2013 10:22am
Quoting ejiexe
{quote} The level could be good but where is the PTECZ? As at the time u prepare the chart, candle not close. Remember, we work on close candle here
Nice the candle closed now with PTECZ so waiting for break down (confirmation). Remember price can do 3 things from PTECZ

1. continue consolidating
2. continue up
3. go down.

So we need to watch PA for that
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,319
  • Apr 23, 2013 10:22am Apr 23, 2013 10:22am
Quoting ejiexe
{quote} The level could be good but where is the PTECZ?
I extended the level of consolidation. You can also so.


http://i5.pixs.ru/storage/0/1/0/1gif...44_7793010.gif
  • #1,320
  • Apr 23, 2013 10:30am Apr 23, 2013 10:30am
Quoting ejiexe
{quote}So we need to watch PA for that
Yes.I looked at PA 5 min. Price bounced. stop small. better. of course, ventured to await confirmation.
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