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Price Action in Day Trading by Dadas

  • #1,321
  • Apr 23, 2013 10:37am Apr 23, 2013 10:37am
Take a look at GBP/USD, with PTECZ taken from swing points on the higher TFS it works very well when looking for PA on the lower TFs
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 22nd Apr 13 GBP:USD M1 Chart.png Size: 111 KB
Click to Enlarge Name: 22nd Apr 13 GBP:USD W1 Chart.png Size: 121 KB
Click to Enlarge Name: 22hd Apr 13 GBP:USD D1 Chart.png Size: 101 KB
Click to Enlarge Name: 22nd Apr 13 GBP:USD H4 Chart.png Size: 93 KB
Click to Enlarge Name: 23rd Apr 13 GBP:USD M15 Chart.png Size: 110 KB
  • #1,322
  • Edited 6:47pm Apr 23, 2013 11:51am | Edited 6:47pm
Greetings all!

I love this thread and I love Dada's patience, kindness and wisdom.

I have dialogued with Dada about working on a pdf of his beautiful method.
I have started and submitted the first part to him as he has time to review.
There are many of you I see that are really taking off with this method and the recent
posts show the progress.
It's WONDERFUL to see and I admire you all for sticking with it!
I see and learn more all the time from your questions, triumphs and failures.

For the newcomers...
As a sample...
Today, I took just a small snip of one series of his posts to play with and try and help
and attract the newcomers to accelerate their learning curve and make them want MORE.

I will post the sample below.

It is meant to wet the appetites and does NOT mean they can avoid digging deep
and going through Dada's wonderful explanations and illustrations.

Even if this helps... all credit belongs to Dada and you MUST study back through this thread
to gather the DEPTH of what he is teaching.
I am still studying his method daily... loving it.

Ok?
Cheers!

PS... I avoided using some terms... like PTECZ and simply called them 'zones'.. I mean NO disrespect by omitting the proper reference and the Full PDF will and does go into depth on the Candle Zones, PTECZ and CSCZ; (the same with 'negation' candles... there are differences and distinctions to be made that the below sample pdf does not reveal.

Here is a sample from the PDF I am working on. I will also compose it into a post... if Dada wants it.

Attached File(s)
File Type: pdf Building the Zones.pdf   296 KB | 1,565 downloads
"You Never Know.....Until You Find Out."
  • #1,323
  • Apr 23, 2013 1:34pm Apr 23, 2013 1:34pm
Quoting stevepatt
Take a look at GBP/USD, with PTECZ taken from swing points on the higher TFS it works very well when looking for PA on the lower TFs {image} {image} {image} {image} {image}
Steve... this is an awesome post!
"You Never Know.....Until You Find Out."
  • #1,324
  • Apr 23, 2013 10:01pm Apr 23, 2013 10:01pm
When you think about it by finding PTECZs at swing points they aren't PTECZs they ARE Trend Ending Consolidation Zones and as such, when found on the higher TFs, become significant areas of supply and demand.

GBP/USD W1 Chart

Thank you Goldenequity for the PDF document it will be very useful.
Attached Image (click to enlarge)
Click to Enlarge Name: 24th Apr 13 GBP:USD W1 Chart.png Size: 135 KB
  • #1,325
  • Apr 24, 2013 12:00am Apr 24, 2013 12:00am
Goldenequit ,stevepatt,Dadas. Thanks for your work, very much information. I look with different eyes at the market.
  • #1,326
  • Apr 24, 2013 12:31am Apr 24, 2013 12:31am
http://i5.pixs.ru/storage/9/8/8/2gif...55_7797988.gif
http://i5.pixs.ru/storage/0/2/0/2gif...12_7798020.gif
http://i5.pixs.ru/storage/0/1/8/1gif...73_7798018.gif
  • #1,327
  • Apr 24, 2013 7:11am Apr 24, 2013 7:11am
Where is Dadas? Has he completed his mission on serving humanity?
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,328
  • Apr 24, 2013 7:32am Apr 24, 2013 7:32am
He is busy spring Birds. Florets sometimes distracts from the Forum trade. money likes silence.
  • #1,329
  • Apr 24, 2013 9:33am Apr 24, 2013 9:33am
Had two losing trades on EUR/USD unlucky with my SL just being hit both times.

This isn't stop hunting, today and yesterday the market didn't have enough liquidity to keep moving down so it gets pushed up to a point where there are Sell Limit orders waiting to be activated and that is what pushes the market back down.
Attached Image (click to enlarge)
Click to Enlarge Name: 24th Apr 13 EUR:USD H4 Chart.png Size: 153 KB
  • #1,330
  • Apr 24, 2013 10:04am Apr 24, 2013 10:04am
I think that the market will be bullish.

http://i5.pixs.ru/storage/1/3/7/2gif...97_7803137.gif
  • #1,331
  • Apr 24, 2013 10:26am Apr 24, 2013 10:26am
Entered short on USD/JPY.

Market is at a weekly swing high and PTECZ level that was last visited in April 2009
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 24th Apr 13 USD:JPY MN Chart.png Size: 122 KB
Click to Enlarge Name: 24th Apr 13 USD:JPY W1 Chart.png Size: 137 KB
Click to Enlarge Name: 24th Apr 13 USD:JPY D1 Chart.png Size: 100 KB
Click to Enlarge Name: 24th Apr 13 USD:JPY H4 Chart.png Size: 147 KB
  • #1,332
  • Apr 24, 2013 10:35am Apr 24, 2013 10:35am
Quoting Luba
I think that the market will be bullish. {image}
As it stands now I would agree with you but when I was taking the trades the market was looking bearish
  • #1,333
  • Apr 24, 2013 11:12am Apr 24, 2013 11:12am
Quoting stevepatt
Entered short on USD/JPY.
USD/JPY.The yen could go up, the trend is bullish, the price bounced from strong support-gap. Breakout PTECZ and rebound (the PIN). maybe I'm wrong.

http://i5.pixs.ru/storage/4/9/2/1gif...37_7803492.gif
  • #1,334
  • Apr 24, 2013 1:07pm Apr 24, 2013 1:07pm
Hi Guys!

Couldn't post, but wasn't my fault!
There was some bigger issue and I could not access FF and many other sites!

Anyway, looks fine, now, so I will try to catch up.
If not today, cause it's past 22:00 in my place, then tomorrow!
Trade the facts, not opinions.
  • #1,335
  • Apr 24, 2013 1:12pm Apr 24, 2013 1:12pm
Quoting zarach
Alright let's try again here is the chart on UJ W1 {image} I search for PTECZ which best fit the condition, and I found on October 10, 2008 which I think fit best for the condition and confirmed by in the past this PTECZ have become resistance and on March 10, 2013 which before have become support as I can see price rejected from that area the condition on weekly still bullish confirmed by the rejection on March 10,2013 PTECZ even though this week candle seem bearish but the candle isn't closed yet. D1 {image} On daily chart PTECZ which best fit...
Good analysis!

Why not go Short on retrace to upper PTECZ?
Like I said, I was not able to answer, but that was a good Day Trading Short.
Trade the facts, not opinions.
  • #1,336
  • Apr 24, 2013 1:14pm Apr 24, 2013 1:14pm
Quoting Luba
{quote} Thank you Dadas.I saw the PIN from the level of consolidation is PA. 2 times you can go to the takeover bid, but that night and got to sleep..In the morning the deal was closed on the TP-1. looking for a new entry. {image}
OK, good if you must go to sleep!

Normally, you should wait for the Bearish Break Down or Engulfing Candle.
Trade the facts, not opinions.
  • #1,337
  • Apr 24, 2013 1:22pm Apr 24, 2013 1:22pm
Quoting ejiexe
{quote} 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...
Thanks for your support when I could not post!

Well, ejiexe, I tell you all the time to read PA.
People opinion is just opinion.
JPY is Consolidating and we can see, but also this is 100 plus Pips sometimes.

Whatever, PA and PTECZ, no matter for which Trend, Large or Medium or Small!
Trade the facts, not opinions.
  • #1,338
  • Apr 24, 2013 1:27pm Apr 24, 2013 1:27pm
Quoting ejiexe
{quote} 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. {image} {image}
Ok, ejiexe,

News is news, greed is greed!
Look good to the left, look very good!
You had at least 2 different PTECZ at that level to close.

You are getting too positive about the PTECZ!
Think Daily Range, too!
Trade the facts, not opinions.
  • #1,339
  • Apr 24, 2013 1:38pm Apr 24, 2013 1:38pm
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...
The Zone Candle is the general concept to visualize any Candle.
The PTECZ is a certain type, the Potential Trend Ending Consolidation Zone.
There is no 1 method.

As you see, Luba is trading the Zone Candle with very good results.
Others are Trading the PTECZ, inside or outside.

You can plot the PTECZ in the Zone Candle style or as one color.

How you want to do it? You must find your best way.

I have noticed that it is sometimes good to combine both methods.

Here, an example from yesterday, EURUSD H1:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 75 KB

Two Candles are plotted, W1 and D1 both Index = 1.
Both were PTECZs, too.

Another example of today, my study on EURJPY:
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym30_steps.png Size: 67 KB


As you can see, there are many possibilities!
Trade the facts, not opinions.
  • #1,340
  • Apr 24, 2013 1:42pm Apr 24, 2013 1:42pm
Quoting balance001
Can SomeOne attach Template with all 9 -10 Indicators ? ( I think my template only with 1 - 2 Indicators ) ... Thanks.
Have you downloaded all of the instances?
You must download them, install on your MT4,
put them all on your chart and save it as template.

It is easy!
Trade the facts, not opinions.
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