Price Action in Day Trading by Dadas | Page 68 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price Will Tell - Supply/Demand Price Action Trading 1,858 replies

The Price is Right: Trading Price Action 219 replies

Price action at the core / tma intra day 5,016 replies

2 day price action 8 replies

Attachments: Price Action in Day Trading by Dadas
Exit Attachments

Price Action in Day Trading by Dadas

  • #1,341
  • Apr 24, 2013 3:46pm Apr 24, 2013 3:46pm
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
ejiexe,

Luba is trading on the Zone Candle.
It looks like she is having luck on GBPUSD, going like ping-pong.
Maybe she can not wait, must go to sleep, and she is just risking,
risk included in strategy!

Not exactly how I say it should be done, but, people will always
do it their way, including yourself!
Trade the facts, not opinions.
  • #1,342
  • Apr 24, 2013 4:01pm Apr 24, 2013 4:01pm
What can I say?

I missed you all, even though it was just 2 days!

I did not go anywhere, it was not my fault, it was Force Majeurs,
some Big Brother turned off access to many sites and I had to do smth else.

Someone told me they were doing some major jobs on optifiber lines.
Anyway, it was my whole area that could not access a lot of websites for 2 days.

But, what I see is that you are getting along great!

ejiexe is taking the lead with the great support from stevepatt,
and our fantastic newcomer goldenequity!

And nice dialogue with Luba!

And, zarach, your are making progress!

And, thank you, everybody else, whose nicks I do not yet remember!

It is a great reward for me from you after those 2 days!
Trade the facts, not opinions.
  • #1,343
  • Apr 24, 2013 4:09pm Apr 24, 2013 4:09pm
Quoting Dadas
What can I say? I missed you all, even though it was just 2 days! I did not go anywhere, it was not my fault, it was Force Majeurs, some Big Brother turned off access to many sites and I had to do smth else. Someone told me they were doing some major jobs on optifiber lines. Anyway, it was my whole area that could not access a lot of websites for 2 days. But, what I see is that you are getting along great! ejiexe is taking the lead with the great support from stevepatt, and our fantastic newcomer goldenequity! And nice dialogue with Luba! And, zarach,...
You are welcome back home. We all miss you.
It was quite as you were not around so we want to see another 5 pages tomorrow.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,344
  • Apr 24, 2013 4:17pm Apr 24, 2013 4:17pm
@goldenequity
You are doing a great, great job!

Let's keep it this way, I create, you compile my creations into
a readable form. I think this will be a fantastic pdf maybe ebook.

Just, let's do it gradually.

I prefer the posting way, sort of can not find time to read it all over again.

When you have finished, I will review.

But, I see you can do it! I like what I see!
Trade the facts, not opinions.
  • #1,345
  • Apr 24, 2013 4:24pm Apr 24, 2013 4:24pm
Just checking on my EURJPY study I have been doing for those 2 days.
I guess the picture speaks for itself:
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym15.png Size: 79 KB
Trade the facts, not opinions.
  • #1,346
  • Apr 24, 2013 4:26pm Apr 24, 2013 4:26pm
And, this one for Luba, to start using PTECZ from W1 down:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 73 KB
Trade the facts, not opinions.
  • #1,347
  • Apr 24, 2013 4:29pm Apr 24, 2013 4:29pm
EURUSD H4:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 73 KB


I didn't touch anything, here today, I was busy writing a helping tool.
Trade the facts, not opinions.
  • #1,348
  • Apr 24, 2013 4:32pm Apr 24, 2013 4:32pm
GOLD - same picture - unchanged:
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh4.png Size: 63 KB
Trade the facts, not opinions.
  • #1,349
  • Apr 25, 2013 12:11am Apr 25, 2013 12:11am
Hi Dadas,I realy like your method , just seems so perfectly logical and i am reading and re-reading to try to learn from your teachings , thanks very much for starting this great thread .
i have a question from post 111
i have marked on the chart with a black arrow - can you please explain why this was not the PTECZ, rather than the next one which you marked?
I'm just trying hard to learn
Attached Image (click to enlarge)
Click to Enlarge Name: dadas post 111.png Size: 51 KB
  • #1,350
  • Apr 25, 2013 2:23am Apr 25, 2013 2:23am
Quoting robuk
Hi Dadas,I realy like your method , just seems so perfectly logical and i am reading and re-reading to try to learn from your teachings , thanks very much for starting this great thread . i have a question from post 111 i have marked on the chart with a black arrow - can you please explain why this was not the PTECZ, rather than the next one which you marked? I'm just trying hard to learn{image}
Two reasons:
1. I chose the latest PTECZ - latest first,
2. I chose the wider one.

Latest and wider - but, you can keep in mind the other one, too.
Or, mark it some other way.

The idea of the PTECZ is a Zone.

The Price does not have to obey any particular level.
The Price does not have to obey the PTECZ, either.
It is most likely the Price will react in the PTECZ.

So, we watch Price Action inside and around the PTECZ.
Trade the facts, not opinions.
  • #1,351
  • Apr 25, 2013 3:20am Apr 25, 2013 3:20am
Sometimes, I just sit down, put the plain chart template
and start my analysis from beginning.

Why? Because things change. My mind does not always remember
what I did the day before or a couple of days earlier,
because I need a new outlook!

It is better this way.
New Day, New Picture!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 73 KB
Trade the facts, not opinions.
  • #1,352
  • Apr 25, 2013 3:40am Apr 25, 2013 3:40am
Or, a simpler approach, D1 and H1:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1_01.png Size: 72 KB

These type of moves are the dangerous ones, if you are not in the right direction.
This is the reason why taking retraces is not a good idea.

Of course, we have our SL, but we lose the better opportunity!
Trade the facts, not opinions.
  • #1,353
  • Apr 25, 2013 3:51am Apr 25, 2013 3:51am
EURJPY
Price is stuck in a ca. 85 Pips Consolidation.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1.png Size: 66 KB

85 Pips is good for the Day Trader, but the Price may
Break either direction, and we do not know when!
Trade the facts, not opinions.
  • #1,354
  • Apr 25, 2013 4:09am Apr 25, 2013 4:09am
This is the perfect setup for a Long.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym5.png Size: 71 KB


We, just have to be there in time!
Trade the facts, not opinions.
  • #1,355
  • Apr 25, 2013 4:28am Apr 25, 2013 4:28am
Short on USD/CHF H4 Chart Entry

I've cleaned up my charts by only marking the most recent PTECZs at swing points for the four TFs I'm looking at.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 25th Apr 13 USD:CHF MN Chart.png Size: 96 KB
Click to Enlarge Name: 25th Apr 13 USD:CHF W1 Chart.png Size: 96 KB
Click to Enlarge Name: 25th Apr 13 USD:CHF D1 Chart.png Size: 113 KB
Click to Enlarge Name: 25th Apr 13 USD:CHF H4 Chart.png Size: 167 KB
  • #1,356
  • Edited 6:48am Apr 25, 2013 6:14am | Edited 6:48am
EURJPY
A difficult day for tading, very unstable and uncertain.
Turned out scalping, but +42 Pips all together.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym5_trades.png Size: 75 KB


Forgot about the first trade, Short.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym5_trades_01.png Size: 77 KB
Trade the facts, not opinions.
  • #1,357
  • Apr 25, 2013 6:51am Apr 25, 2013 6:51am
Looking for an inside candle on H4 AUD/JPY to go short from W1 PTECZ
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 25th Apr 13 AUD:JPY MN Chart.png Size: 100 KB
Click to Enlarge Name: 25th Apr 13 AUD:JPY W1 Chart.png Size: 108 KB
Click to Enlarge Name: 25th Apr 13 AUD:JPY D1 Chart.png Size: 92 KB
Click to Enlarge Name: 25th Apr 13 AUD:JPY H4 Chart.png Size: 118 KB
  • #1,358
  • Apr 25, 2013 7:19am Apr 25, 2013 7:19am
Quoting stevepatt
Looking for an inside candle on H4 AUD/JPY to go short from W1 PTECZ {image} {image} {image} {image}
stevepatt,
You are often using the term PTECZ and inside candle.
They are the same thing.
The inside candle is a PTECZ.

If you understand that, you can have a better Entry.
Trade the facts, not opinions.
  • #1,359
  • Apr 25, 2013 7:32am Apr 25, 2013 7:32am
Quoting Dadas
This is the perfect setup for a Long. {image} We, just have to be there in time!
I can't help it than to post my chart to butress what the Master is saying.

I once told him that I do it the way he does it.

This was a setup before the real movement so I took it live.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpym15.png Size: 76 KB
Click to Enlarge Name: chfjpym15.png Size: 70 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,360
  • Apr 25, 2013 7:50am Apr 25, 2013 7:50am
Hello all. the experiment.

http://i5.pixs.ru/storage/0/2/6/4gif...00_7809026.gif http://i5.pixs.ru/storage/0/6/5/1gif...84_7809065.gif

Kontrtrend. the stop very little. when possible, up to the border of the indicator.
2 traders viewing now