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Price Action in Day Trading by Dadas

  • #1,401
  • Apr 26, 2013 9:08am Apr 26, 2013 9:08am
Quoting Mediator
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....
Thank you for your support.

Having 10 instances, like I do, still requires to rename each one,
because otherwise it is easy to get lost which one is which.

So, having the same indicator 10 times makes it difficult.

People who can not programme, might not know how to make a copy.

Even though it is easy as making a copy of any file.

I do appreciate your help and would need it more often at some more serious programming.

My programmer friend is on strike and says there is no force to make him touch any programming.

Can I count on you for some help?
Trade the facts, not opinions.
  • #1,402
  • Apr 26, 2013 9:23am Apr 26, 2013 9:23am
Hello Dada

I just discover your thread , well maybe I need to read the whole of it but as I see I liked the idea of the price action .... I can do the programming for you if you need to ameliorate your indicators ... but let me check a little what is all about before, I see a lot of rectangles in different time frames and maybe not easy to read...

You can Inbox me if you had specific requirements.. In the meantime I will try to understand what is all about.

  • #1,403
  • Apr 26, 2013 10:37am Apr 26, 2013 10:37am
Quoting Dadas
{quote} {image}
Oh dear, nil out of five
Now i have to go back and re-read to try to figure out how i got them all wrong DOH !!
So......... keep battling on -- and thanks for the corrections
  • #1,404
  • Apr 26, 2013 10:40am Apr 26, 2013 10:40am
Quoting robuk
{quote} Oh dear, nil out of five Now i have to go back and re-read to try to figure out how i got them all wrong DOH !! So......... keep battling on -- and thanks for the corrections
Plot the ones I showed you and find some more.

Better than reading again!
Trade the facts, not opinions.
  • #1,405
  • Apr 26, 2013 10:46am Apr 26, 2013 10:46am
Guys,

Reading is one thing, doing is another!

If you have read the thread a couple of times,
you must let it go and let your brain compile or
decompile the information and put it where it should be.

Your role, now is look at the charts and find all those
Zones and watch how Price reacted to them.
Trade the facts, not opinions.
  • #1,406
  • Apr 26, 2013 11:03am Apr 26, 2013 11:03am
Quoting Dadas
{quote} Plot the ones I showed you and find some more. Better than reading again!
Thanks very much Dadas for your patience,I will do .
I feel that I must get this first part right because it's a basic fundamental of the whole strategy.
So i want to realy understand your teachings and get each part thoroughly learnt before moving on to the next part .
OH. and i think i got one right after all
  • #1,407
  • Apr 26, 2013 11:04am Apr 26, 2013 11:04am
http://i5.pixs.ru/storage/2/5/7/19gi...96_7819257.gif
  • #1,408
  • Apr 26, 2013 11:18am Apr 26, 2013 11:18am
Quoting luba
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 34 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 34 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 34 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5.png Size: 35 KB
Trade the facts, not opinions.
  • #1,409
  • Apr 26, 2013 2:17pm Apr 26, 2013 2:17pm
Example of PTECZ which the indicator can not show.
The 2 Candles are almost identical.
The second is maybe 2 Pips longer.

Only the human eye can see this!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1.png Size: 63 KB
Trade the facts, not opinions.
  • #1,410
  • Apr 26, 2013 2:36pm Apr 26, 2013 2:36pm
I DESERVE AN APOLOGY DADAS.

I have already sent you a private message after I read your comment condeming my personality but you refuse to reply. That is why I decided to use my brother's account to reply here.
If you like believe it if you like don't believe it.
This is the message I sent to you in private.

You are getting things wrong man. I think I deserve an unreserve apology for what you said about me in your thread.

You proof to know everything on Meta trader platform and yet you don't know that if a Pending order is removed and is drag to the chart it will show the time set and when it was removed.

You should have asked before you think negative about me.

You have to tender apology in your thread.

Attached is my live account where the Pending order was set since 19/04/2013 and removed after 18 hours.

I discover we cannot attach here so uses this link http://gyazo.com/3e60c30cffb8c4dfdc0794fdf88bfffe
if you want the attachment I can send you.

It is the highlighted area on the statement with 0.2 lot.

I used a resistance level close to the hedge of 4hrs PTECZ I have on my chart. I knew price may likely come down because I can see a divergence though not part of your teaching.

I only removed it because of emotion, I would have made nice pips there.
This is a conversation with a friend on skype about another Pending order that I removed on EURUSD. I don't know while the text is mix up I cannot align it [23/04/2013 19:42:15] faisal: okay [23/04/2013 19:42:31] Ejiwumi M O: let me show u something [23/04/2013 19:42:44] Ejiwumi M O: i removed this PO out of fear [23/04/2013 19:43:15] Ejiwumi M O: http://gyazo.com/8c1ba2e7719e324ed43c63499bfd81d3 [23/04/2013 19:43:46] faisal: [23/04/2013 19:43:52] faisal: again over analyzing?? [23/04/2013 19:43:58] Ejiwumi M O: 2 1/2 hrs later i removed [23/04/2013 19:44:17] Ejiwumi M O: is that over analysed or fear
Attached Image (click to enlarge)
Click to Enlarge Name: uwctrader 4.png Size: 98 KB
  • #1,411
  • Apr 26, 2013 2:46pm Apr 26, 2013 2:46pm
Quoting ejiexe2
I DESERVE AN APOLOGY DADAS. I have already sent you a private message after I read your comment condeming my personality but you refuse to reply. That is why I decided to use my brother's account to reply here. If you like believe it if you like don't believe it. This is the message I sent to you in private. You are getting things wrong man. I think I deserve an unreserve apology for what you said about me in your thread. You proof to know everything on Meta trader platform and yet you don't know that if a Pending order is removed and is drag to...
I did not receive any PM, so I could not reply.

I am very sensitive about these things!

True, I did not think about this option!

I had a bad morning.

I do APOLOGISE!
Please, Forgive me!

And remove the MA, please!
Trade the facts, not opinions.
  • #1,412
  • Apr 26, 2013 2:50pm Apr 26, 2013 2:50pm
Just life!

I do not pretend to be perfect.

I am not anybody's master, nor even a master of my method.

I have invented something I know that it is good!

I have shared with the world, and I am still sharing.

I am here to help.

Please, forgive my sometimes nervy reactions.
Trade the facts, not opinions.
  • #1,413
  • Apr 26, 2013 2:55pm Apr 26, 2013 2:55pm
This is also CHFJPY I left over weekend 05/04/2013 when I first discover your wonderful PTECZ.

If you are also doubting it this is the attached image.

You can equally see EURCAD and EURJPY for the same day in greeeeeeeeeen.
Attached Image (click to enlarge)
Click to Enlarge Name: uwctrader 42.png Size: 97 KB
  • #1,414
  • Apr 26, 2013 2:58pm Apr 26, 2013 2:58pm
Quoting ejiexe2
This is also CHFJPY I left over weekend 05/04/2013 when I first discover your wonderful PTECZ. If you are also doubting it this is the attached image. You can equally see EURCAD and EURJPY for the same day in greeeeeeeeeen. {image}
OK, ejiexe, I have apologised!
I do not need to see your account statement!

PS. I have deleted the accusations!
Trade the facts, not opinions.
  • #1,415
  • Apr 26, 2013 3:05pm Apr 26, 2013 3:05pm
@Dadas

Well done, it takes a lot to do that. You are a true warrior and human after all.

@ejiexe

You live to fight another day and I'm liking this thread more and more
We always have a choice to be right or kind,be kind you will learn more.
  • #1,416
  • Apr 26, 2013 3:34pm Apr 26, 2013 3:34pm
Apology accepted.
Now I can post to our thread.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,417
  • Apr 26, 2013 3:51pm Apr 26, 2013 3:51pm
Hi, I am new to this thread. This looks like something that I will spend my weekend learning. I look forward to sharing and learning together.
  • #1,418
  • Apr 26, 2013 4:05pm Apr 26, 2013 4:05pm
Quoting wowzers
Hi, I am new to this thread. This looks like something that I will spend my weekend learning. I look forward to sharing and learning together.
You are Welcome, here!

Just, maybe reserve a couple of more weekends!

It is just experience, but who knows?

Maybe you will get it the first time!
Trade the facts, not opinions.
  • #1,419
  • Apr 26, 2013 7:41pm Apr 26, 2013 7:41pm
I was trying to learn some more PA and found this thread.

Reading the first 20 pages with some objections etc I still found the first 1-2 pages from you about price consolidation was what I learned from the past too. Your info helps to confirm my understanding of what consolidation means.

Thanks Dadas.

I also want to test out this strategy to find out why it works, but still don't get the rule at this step:
Quoting Dadas
5. Watch for entry moments on the retrace to the zone.
Do you mean the entry against the retrace direction or with the retrace direction?

I've attached current EJ and my drawing of H1 consolidation zone.

H1:
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1.png Size: 11 KB


M15: lower TF
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym15.png Size: 11 KB


H4: higher TF
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh4.png Size: 11 KB


On lower TF, i.e. M15, price is currently retracing back to consolidation zone
On higher TF, i.e. H4, looks like price start to consolidate, but more like a H&S pattern

So what do we do now? Entry with the M15 retrace i.e. short, or Entry against the M15 i.e. long?
Thanks in advanced.
back... and more dangerous.
  • #1,420
  • Edited 1:48am Apr 27, 2013 1:37am | Edited 1:48am
Quoting kbp
I was trying to learn some more PA and found this thread. Reading the first 20 pages with some objections etc I still found the first 1-2 pages from you about price consolidation was what I learned from the past too. Your info helps to confirm my understanding of what consolidation means. Thanks Dadas. I also want to test out this strategy to find out why it works, but still don't get the rule at this step: {quote} Do you mean the entry against the retrace direction or with the retrace direction? I've attached current EJ and my drawing of H1 consolidation...
ktp I'll try to answer your question, Dadas will correct me if I'm wrong, you aren't plotting the PTECZs correctly see attached charts.

As Dadas has said in the past you need to know where you stand "globally", what this means is looking for PTECZs on the higher TFs that closely relate to where the market is currently.

Personally I look for PTECZs on the higher TFs that are also swing points this is a good starting point.

Once you have these reference points you will get a far better idea of what the market wants to do and not what we think it wants to do.

You always want to be trading with the trend.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 27th Apr 13 EUR:JPY MN Chart.png Size: 86 KB
Click to Enlarge Name: 27th Apr 13 EUR:JPY W1 Chart.png Size: 96 KB
Click to Enlarge Name: 27th Apr 13 EUR:JPY D1 Chart.png Size: 124 KB
Click to Enlarge Name: 27th Apr 13 EUR:JPY H4 Chart.png Size: 102 KB
Click to Enlarge Name: 27th Apr 13 EUR:JPY H1 Chart.png Size: 88 KB
Click to Enlarge Name: 27th Apr 13 EUR:JPY M15 Chart.png Size: 88 KB
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