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Price Action in Day Trading by Dadas

  • #1,481
  • Apr 28, 2013 9:24am Apr 28, 2013 9:24am
Quoting Dadas
{quote} I do not like your "English".
Dadas,Sorry for my English.I will keep quiet.You don't like criticism.

Quote
you do not need my PTECZ,
you do not need my Zone Candle!

I just wanted to show that there are levels in the indicator and PTECZ candles too. Would show clearer..

http://i5.pixs.ru/storage/1/1/4/1gif...77_7838114.gif

Thanks for the science and wish you all a good and not get sick.
  • #1,482
  • Apr 28, 2013 9:32am Apr 28, 2013 9:32am
Quoting mosah
{quote} Are these ones in the charts? {image}
Now, you can see for yourself!
Trade the facts, not opinions.
  • #1,483
  • Apr 28, 2013 9:37am Apr 28, 2013 9:37am
Quoting Luba
{quote} Dadas,Sorry for my English.I will keep quiet.You don't like criticism. {quote} I just wanted to show that there are levels in the indicator and PTECZ candles too. Would show clearer.. {image} Thanks for the science and wish you all a good and not get sick.
Yes, that is the Zone Candle idea!
But, the MN Zone Candle Index 1 shows Zones from last Month.

It does not mean they are the best Zones for current Price Level.
Sometimes they can be the best ones, but not always!

PTECZ and TBCZ allow us to find the Zones much more precisely!
PTECZ and TBCZ allow us to see the Price Action much more clearly!
Trade the facts, not opinions.
  • #1,484
  • Apr 28, 2013 9:43am Apr 28, 2013 9:43am
Quoting Dadas
{quote} Now, you can see for yourself!
Thank you for your response.
I'm still confused.
I understand that the candle #1 finishes the bear trend, so it a PTECZ.
But what about the candle #2? What it is doing here?
Attached Image (click to enlarge)
Click to Enlarge Name: Post# 1465_eurusdmonthly.png Size: 70 KB
  • #1,485
  • Apr 28, 2013 9:51am Apr 28, 2013 9:51am
Mosah candle 2 ended the a bullish trend. It doesnīt matter that itīs only one candle. Itīs a trend candle, see that? Thatīs a one day bullish trend on the daily. So candle 2 is a PTECZ
  • #1,486
  • Apr 28, 2013 10:17am Apr 28, 2013 10:17am
Quoting Christianfx
Mosah candle 2 ended the a bullish trend. It doesnīt matter that itīs only one candle. Itīs a trend candle, see that? Thatīs a one day bullish trend on the daily. So candle 2 is a PTECZ
Thanks Christian,
Now i see the #2 but we don't need it for our analyze.
I think we need more the #3 because it's a PTECZ.
What do you think about that?
Attached Image (click to enlarge)
Click to Enlarge Name: Post# 1465_eurusdmonthly.png Size: 70 KB
  • #1,487
  • Apr 28, 2013 10:31am Apr 28, 2013 10:31am
Quoting Christianfx
Mosah candle 2 ended the a bullish trend. It doesnīt matter that itīs only one candle. Itīs a trend candle, see that? Thatīs a one day bullish trend on the daily. So candle 2 is a PTECZ
Right!
Trade the facts, not opinions.
  • #1,488
  • Apr 28, 2013 10:34am Apr 28, 2013 10:34am
Quoting mosah
{quote} Thanks Christian, Now i see the #2 but we don't need it for our analyze. I think we need more the #3 because it's a PTECZ. What do you think about that? {image}
Why do you need #3 if it is away from the current Price Level?
If it is your Short target in Long Term, then OK, it is the next Potential PTECZ Zone.

But, for Day Trading now, you do not need #3 at this moment!

Do you know the ADR for EURUSD?
Trade the facts, not opinions.
  • #1,489
  • Apr 28, 2013 10:42am Apr 28, 2013 10:42am
Quoting Dadas
{quote} Why do you need #3 if it is away from the current Price Level? If it is your Short target in Long Term, then OK, it is the next Potential PTECZ Zone. But, for Day Trading now, you do not need #3 at this moment! Do you know the ADR for EURUSD?
Hi Dadas,
I don't know the ADR for the EURUSD.
  • #1,490
  • Apr 28, 2013 10:44am Apr 28, 2013 10:44am
Quoting Luba
You don't like criticism.
In Poland we have this saying:
"You don't need to teach the father how to make children!"

If you like to work with the Zone Candle and PA, then I have an intersting experiment for you!

Custom_Zone_Candle_Tf = 60;
Custom_Zone_Candle_Index = 0;

Trade the M1 chart by PA.
Trade the facts, not opinions.
  • #1,491
  • Apr 28, 2013 10:47am Apr 28, 2013 10:47am
Quoting mosah
{quote} Hi Dadas, I don't know the ADR for the EURUSD.
Then, how do you want to set your Targets?
Just out of imagination?
Like, I want 200 Pips?

Look at my charts, see the Daily Ranges.

How does #3 apply to that?
Trade the facts, not opinions.
  • #1,492
  • Apr 28, 2013 10:50am Apr 28, 2013 10:50am
Quoting Dadas
{quote} Why do you need #3 if it is away from the current Price Level? If it is your Short target in Long Term, then OK, it is the next Potential PTECZ Zone. But, for Day Trading now, you do not need #3 at this moment! Do you know the ADR for EURUSD?

this is a good thread that i realize newly. my method is nearly same with yours. but you have clear way. i will watch your style in the days to come. maybe adding some charts.

i read your rules. so i cant share my weekend charts in here. i have already shared at eurusd thread. can you look over it. i want to hear your comments.

http://www.forexfactory.com/showthre...13#post6641713
http://www.forexfactory.com/showthre...15#post6641715
http://www.forexfactory.com/showthre...48#post6641748
http://www.forexfactory.com/showthre...76#post6641776
  • #1,493
  • Apr 28, 2013 10:59am Apr 28, 2013 10:59am
Quoting mosah
I think we need more the #3 because it's a PTECZ.
mosah,

What does PTECZ stand for?
Do you understand what PTECZ stands for?
Trade the facts, not opinions.
  • #1,494
  • Apr 28, 2013 11:03am Apr 28, 2013 11:03am
Quoting P.Action
{quote} this is a good thread that i realize newly. my method is nearly same with yours. but you have clear way. i will watch your style in the days to come. maybe adding some charts. i read your rules. so i cant share my weekend charts in here. i have already shared at eurusd thread. can you look over it.
i want to hear your comments.
Sorry P.Action,

I will comment your charts if and when they comply to this thread rules,
and you post them here!

I am deadly allergic to what I see on your charts.
Trade the facts, not opinions.
  • #1,495
  • Apr 28, 2013 11:08am Apr 28, 2013 11:08am
Quoting Dadas
{quote} Sorry P.Action, I will comment your charts if and when they comply to this thread rules, and you post them here! I am deadly allergic to what I see on your charts.
okey mate. no problem. respect your thread rules. thats why i didnt share.
  • #1,496
  • Apr 28, 2013 11:09am Apr 28, 2013 11:09am
Quoting Dadas
{quote} mosah, What does PTECZ stand for? Do you understand what PTECZ stands for?
Yes, i know it.
It's: Potential Trend Ending Consolidation Zone
  • #1,497
  • Apr 28, 2013 11:18am Apr 28, 2013 11:18am
Quoting mosah
{quote} Yes, i know it. It's: Potential Trend Ending Consolidation Zone
So, every PTECZ is a PTECZ.
The one that Ended the Trend and the one that didn't End the Trend!

The distance from the current Price Level to #3 High is ca. 400 Pips.
The distance from the current Price Level to #3 Low is ca. 900 Pips.

When and how often do you have moves like that on EURUSD for Day Trading?

If you want to do Month Trading, then maybe #3 is the important PTECZ!
Trade the facts, not opinions.
  • #1,498
  • Apr 28, 2013 11:21am Apr 28, 2013 11:21am
Quoting P.Action
{quote} okey mate. no problem. respect your thread rules. thats why i didnt share.
Well, if you didn't respect the rules, I would clean up your posts!
It is as simple as that!

Right, just clean up your charts and start posting, here!
Trade the facts, not opinions.
  • #1,499
  • Apr 28, 2013 11:30am Apr 28, 2013 11:30am
Quoting Dadas
{quote} So, every PTECZ is a PTECZ. The one that Ended the Trend and the one that didn't End the Trend! The distance from the current Price Level to #3 High is ca. 400 Pips. The distance from the current Price Level to #3 Low is ca. 900 Pips. When and how often do you have moves like that on EURUSD for Day Trading? If you want to do Month Trading, then maybe #3 is the important PTECZ!
Thanks Dadas,
Now, i begin to understand the concept.
  • #1,500
  • Apr 28, 2013 4:00pm Apr 28, 2013 4:00pm
Quoting EaglePip
{quote} ....... Will look for entry on break of next PTECZ on M30/M15.
Could not wait to apply the Eurjpy analysis, so took this small test trade on the M5.
Was waiting for retrace to upper 5M bullish PTECZ, but, as price was falling in the lower Ptecz, placed a Stop order just outside the zone.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpym5.png Size: 45 KB

Closed when price momentum slowed.
It is now moving to upper Ptecz and will look at entering again.
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