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Price Action in Day Trading by Dadas

  • #1,381
  • Apr 25, 2013 1:09pm Apr 25, 2013 1:09pm
Quoting Luba
{quote} Yes.For me-it -is a signal РА. This consolidation zone at an important level. more often makes its way toward the trend. {image}
Attached Image
Trade the facts, not opinions.
  • #1,382
  • Apr 25, 2013 1:22pm Apr 25, 2013 1:22pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh1.png Size: 67 KB
Trade the facts, not opinions.
  • #1,383
  • Apr 26, 2013 12:53am Apr 26, 2013 12:53am
Quoting Dadas
{quote} Thank you! I did share the Daily_Range_ Stats.mq4, somewhere in the thread. Maybe I didn't put it in post#1. I will. Look it up a while later.
Good Morning Dadas,

Many thanks for share Daily_Range_Stats indi. I appreciate it very much.

Have a nice day.

Mike
  • #1,384
  • Edited 1:40am Apr 26, 2013 1:18am | Edited 1:40am
Quoting Dadas
{image}

Yes.I have so.Bought here 1 order.Think back again to a level of consolidation of 5 minutes.Then you can still buy order 1.

http://i5.pixs.ru/storage/8/4/0/2gif...29_7814840.gifhttp://i5.pixs.ru/storage/8/5/3/1gif...96_7814853.gif

Yesterday's deal in the American session.The evening closed with the market my work day ended.

http://i5.pixs.ru/storage/9/9/9/1gif...12_7814999.gif
  • #1,385
  • Apr 26, 2013 2:18am Apr 26, 2013 2:18am
http://i5.pixs.ru/storage/2/4/0/1gif...35_7815240.gif
  • #1,386
  • Apr 26, 2013 4:56am Apr 26, 2013 4:56am
[quote=Dadas;6633984]{quote} 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:

Thanks, I got it
  • #1,387
  • Apr 26, 2013 5:53am Apr 26, 2013 5:53am
SET & FORGET
+19
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 23 KB
Persian Gulf forever
  • #1,388
  • Apr 26, 2013 6:04am Apr 26, 2013 6:04am
Quoting Luba
{quote} Yes.I have so.Bought here 1 order.Think back again to a level of consolidation of 5 minutes.Then you can still buy order 1. {image}{image} Yesterday's deal in the American session.The evening closed with the market my work day ended. {image}
Возблагодарите, Лyбa!
Вы совершенный торговец!

Thank you, Luba!
You are a perfect trader!
Trade the facts, not opinions.
  • #1,389
  • Apr 26, 2013 6:27am Apr 26, 2013 6:27am
Quoting Dadas
{quote} {image}
Hello Dadas,
Friday, finally able to catch up with recent posts. Having problems following your charts as Index candles are sometimes different due to variations in broker day and and 4Hr candles.
My Tf 1440 Index=270 is far above the PA, but Index=50 is closer.
Was also going to ask about the Tf 14340 in your GBPUSD D1 chart, but I see now its probably the 1440 CZ Index =11.
Still trying to figure out the gap on your chart. No gap on mine.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 46 KB
  • #1,390
  • Apr 26, 2013 6:54am Apr 26, 2013 6:54am
Quoting EaglePip
{quote} Hello Dadas, Friday, finally able to catch up with recent posts. Having problems following your charts as Index candles are sometimes different due to variations in broker day and and 4Hr candles. My Tf 1440 Index=270 is far above the PA, but Index=50 is closer. Was also going to ask about the Tf 14340 in your GBPUSD D1 chart, but I see now its probably the 1440 CZ Index =11. Still trying to figure out the gap on your chart. No gap on mine.{image}
Index number changes, as the new Candles are formed.
So, if you are not there when I post the chart, you will have to search.

Candles on charts of different brokers will be different.
Depending on the timezone of the platform and specific broker's quotations.

Gaps are just what we see on our charts.
Weekend gaps are not gaps, they are the missing data from the weekend!
The market almost never closes. For us, it closes and there is no data on the chart.

Sometimes, the gap is just missing data that for some reason wasn't transferred by broker's server.

You have nothing to figure out.
You see what you see, and that is what you get!

PS.
There is no Tf "14340" - D1 is Tf 1440.
If I made a typing mistake - I am sorry!
Trade the facts, not opinions.
  • #1,391
  • Apr 26, 2013 6:58am Apr 26, 2013 6:58am
I've had a bit a time today to do some lower TF trading.

Market in the end reached the top station (M5 PTECZ) but after the bearish engulfing candle I was happy to exit and not take the risk of a reversal.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 26th Apr 13 GBP:USD H1 Chart.png Size: 116 KB
Click to Enlarge Name: 26th Apr 13 GBP:USD M5 Chart.png Size: 208 KB
  • #1,392
  • Apr 26, 2013 7:15am Apr 26, 2013 7:15am
Quoting stevepatt
Entered short on USD/JPY. Market is at a weekly swing high and PTECZ level that was last visited in April 2009 {image} {image} {image} {image}
Exited this trade at D1 PTECZ
Attached Image (click to enlarge)
Click to Enlarge Name: 26th Apr 13 USD:JPY D1 Chart.png Size: 111 KB
  • #1,393
  • Apr 26, 2013 7:20am Apr 26, 2013 7:20am
Quoting Dadas
{quote} Index number changes, as the new Candles are formed. .....
PS. There is no Tf "14340" - D1 is Tf 1440
Yes, I figured it out, but only after plotting the CZs.
I know that Index numbers change, but since we are on daily, going from the same day, they should be the same.
  • #1,394
  • Apr 26, 2013 7:50am Apr 26, 2013 7:50am
Quoting stevepatt
Short on AUD/USD analysis from top down {image} {image} {image} {image}

For got about this one exited at H4 PTECZ

The USD/CHF trade I entered on 25th April is still running
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 26th Apr 13 AUS:USD H4 Chart.png Size: 84 KB
Click to Enlarge Name: 26th Apr 13 USD:CHF H4 Chart.png Size: 92 KB
  • #1,395
  • Apr 26, 2013 7:58am Apr 26, 2013 7:58am
Can someone please tell me if these PTECZ are marked correctly
Attached Image (click to enlarge)
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  • #1,396
  • Edited 9:01am Apr 26, 2013 8:16am | Edited 9:01am
Hello Traders,

I made some tweaking to the Custom_Zone_Candle-Indikator.
There is an additional Parameter called ID, which make it possible to attach only this indikator several times for different Zones to draw in the Chart.
In the past you needed the old indikator with the prefix-numbers _01, _02, _03 etc. Now the Parameter ID does the same, but with only one Indikator in your folder.
For every Zone you like automaticly draw take another ID value. It is the same like the MagicNumber in EA's.

Credits to Dadas for his nice and informative thread.

Cheers

Mediator

Attached File(s)
File Type: mq4 Custom_Zone_Candle.mq4   5 KB | 755 downloads
  • #1,397
  • Apr 26, 2013 8:48am Apr 26, 2013 8:48am
Quoting EaglePip
{quote} Yes, I figured it out, but only after plotting the CZs. I know that Index numbers change, but since we are on daily, going from the same day, they should be the same.
I don't think so.
You down under, I up yonder!
It's ca. 16:00 today, here.
It's going to be tomorrow where you are.
And, Sunday Candles count for 1 Day, yet they are only 4 hours here.
Trade the facts, not opinions.
  • #1,398
  • Apr 26, 2013 8:53am Apr 26, 2013 8:53am
Quoting stevepatt
{quote} For got about this one exited at H4 PTECZ The USD/CHF trade I entered on 25th April is still running {image} {image}
Going along with you, stevepatt.
Entered from Sell Limit on retrace, it triggerred and is running.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfh4.png Size: 70 KB
Trade the facts, not opinions.
  • #1,399
  • Apr 26, 2013 8:55am Apr 26, 2013 8:55am
Quoting stevepatt
{quote} Exited this trade at D1 PTECZ {image}
I am with you on this man

Great job.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usdjpyh4.png Size: 28 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,400
  • Apr 26, 2013 9:01am Apr 26, 2013 9:01am
Quoting robuk
Can someone please tell me if these PTECZ are marked correctly {image}
Attached Image (click to enlarge)
Click to Enlarge Name: dadas%20practise.png Size: 39 KB
Trade the facts, not opinions.
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