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Price Action in Day Trading by Dadas

  • #1,521
  • Apr 30, 2013 8:26am Apr 30, 2013 8:26am
Quoting Dadas
{quote} Ok, so post more PTECZs. I will correct you, if you are wrong. And, you want to say that you are learning if you can break the wall with your head by banging your head against the wall? That is not the right way! Learn by following the rules! Develop good habits as early in your learning as possible! Instead of checking if the train runs you over when you jump in front of it, check if following the rules will get you safe!
Thank you , can you please explain the one i got wrong , looks like i got 4 out of 5 right , last time it was 1 out of 5,so i make a little progress . I will keep trying to get it right .
  • #1,522
  • Apr 30, 2013 8:43am Apr 30, 2013 8:43am
Quoting robuk
{quote} Thank you , can you please explain the one i got wrong , looks like i got 4 out of 5 right , last time it was 1 out of 5,so i make a little progress . I will keep trying to get it right .
Attached Image

PTECZ 1 is the PTECZ on the Bullish Trend Candle.
It Potentially Ends the Bullish Trend.
PTECZ 2 is the PTECZ on the Bearish Local Trend Candle.
It Potentially Ends the Bearish Local H4 Trend.
PTECZ 3 is the PTECZ on the Bullish Local Trend Candle.
It Potentially Ends the Bullish Local H4 Trend.

You should, also pay attention to plot the PTECZs exactly from High to Low of the PTECZ Candle!
Trade the facts, not opinions.
  • #1,523
  • Apr 30, 2013 9:21am Apr 30, 2013 9:21am
EURUSD H4:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 73 KB

Strong Price rejection at Support.

EURUSD M5:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5.png Size: 63 KB
Trade the facts, not opinions.
  • #1,524
  • Edited 2:06pm Apr 30, 2013 1:32pm | Edited 2:06pm
quote=Nametaker: How many years of trading did it take you before you "got it"?
1 year, 10 months.
But it was 1 year and 3 months walking blind.
PA - 7 months, so the PTECZ and all, I created in about 3 months.

quote=Nametaker: Dadas why do you keep jumping down everyone's throat?
I am not jumping at anybody's throat.
I am trying to save you a couple of hard years experience.

If you understand that, you will learn, quickly.

quote=Nametaker: Take your thumb out your ass.
If you continue being a cry-baby, I wish you all the best!
Trade the facts, not opinions.
  • #1,525
  • Apr 30, 2013 2:02pm Apr 30, 2013 2:02pm
Like I said before:
I am willing to help anybody who wants to learn and
is showing the right attitude, or is willing to develop
the right attitude to become a successful Forex Trader.

I am doing this for free!

Yet, some stupid, unthinking, self-centered, full of BS persons
dare to tell me to take my thumb out my ass!

How stupid can one get?

Such people get on my ignore list and thus, will not get any help from me!
Trade the facts, not opinions.
  • #1,526
  • Apr 30, 2013 2:13pm Apr 30, 2013 2:13pm
Quoting Dadas
EURUSD H4: {image} Strong Price rejection at Support. EURUSD M5: {image}
Hi Dadas,
EURUSD H4
Which (PTECZ) candle index is shown in this chart?
  • #1,527
  • Edited 2:50pm Apr 30, 2013 2:37pm | Edited 2:50pm
Quoting mosah
{quote} Hi Dadas, EURUSD H4 Which (PTECZ) candle index is shown in this chart?
None.

There are two Zone Candles:
First:
Custom_Zone_Candle_Tf = 240;
Custom_Zone_Candle_Index = 0;
Second:
Custom_Zone_Candle_Tf = 240;
Custom_Zone_Candle_Index = 1;

But, if you look into history, you will see that somehow the Zones match PTECZs.

Of course, the Index numbers at that time!
Trade the facts, not opinions.
  • #1,528
  • Apr 30, 2013 3:05pm Apr 30, 2013 3:05pm
Quoting Dadas
{quote} None. There are two Zone Candles: First: Custom_Zone_Candle_Tf = 240; Custom_Zone_Candle_Index = 0; Second: Custom_Zone_Candle_Tf = 240; Custom_Zone_Candle_Index = 1; But, if you look into history, you will see that somehow the Zones match PTECZs. Of course, the Index numbers at that time!
Thanks Dadas
  • #1,529
  • Apr 30, 2013 3:14pm Apr 30, 2013 3:14pm
Quoting mosah
{quote} Thanks Dadas
When you have grasped the PTECZ so that you do not need to plot it any more,
I mean the current ones, because the historical PTECZs are always necessary to know
your Potentials, Supports and Resistances, anyway, when you have grasped the PTECZ
so that you do not need to plot it any more, and you can read PA,
try out this way of PA in Action:

Two Zone Candles:
First:
Custom_Zone_Candle_Tf = 240;
Custom_Zone_Candle_Index = 0;
Second:
Custom_Zone_Candle_Tf = 240;
Custom_Zone_Candle_Index = 1;

Default colors.
Trade the facts, not opinions.
  • #1,530
  • Apr 30, 2013 3:23pm Apr 30, 2013 3:23pm
Quoting Dadas
{quote} When you have grasped the PTECZ so that you do not need to plot it any more, I mean the current ones, because the historical PTECZs are always necessary to know your Potentials, Supports and Resistances, anyway, when you have grasped the PTECZ so that you do not need to plot it any more, and you can read PA, try out this way of PA in Action: Two Zone Candles: First: Custom_Zone_Candle_Tf = 240; Custom_Zone_Candle_Index = 0; Second: Custom_Zone_Candle_Tf = 240; Custom_Zone_Candle_Index = 1; Default colors.
Sure, I'll try it. I'm here to learn despite my handicaps (Age, language & beginning).
Thanks again for sharing and for your patience.
Regards
  • #1,531
  • Apr 30, 2013 3:32pm Apr 30, 2013 3:32pm
Quoting mosah
{quote} Sure, I'll try it. I'm here to learn despite my handicaps (Age, language & beginning). Thanks again for sharing and for your patience. Regards
Hey man, Take a look at my profile.

I am 52 ! Actually, 53 in 2 weeks.

What does age have to do with it?

Language?
My understand what your says!

Charts speak one language!
Trade the facts, not opinions.
  • #1,532
  • Apr 30, 2013 3:34pm Apr 30, 2013 3:34pm
Quoting Dadas
{quote} Hey man, Take a look at my profile. I am 52 ! Actually, 53 in 2 weeks. What does age have to do with it? Language? My understand what your says!
Thanks again for your effort
  • #1,533
  • Apr 30, 2013 3:42pm Apr 30, 2013 3:42pm
Quoting mosah
{quote} I'm 63 and English is my 3th language
At our age +/-10 years makes not much difference.

Your written English is much better than some other guys' posting here!

Trade the facts, not opinions.
  • #1,534
  • Apr 30, 2013 4:06pm Apr 30, 2013 4:06pm
mosah,

Hablo un poco español.
Mi hermana habla español como la segunda lengua.
Ella aprendió en España.
Ella estudió más adelante español en Polonia.
Trade the facts, not opinions.
  • #1,535
  • Apr 30, 2013 4:27pm Apr 30, 2013 4:27pm
Quoting Dadas
mosah, Hablo un poco español. Mi hermana habla español como la segunda lengua. Ella aprendió en España. Ella estudió más adelante español en Polonia.
Hi Dadas,
FRENCH
  • #1,536
  • Apr 30, 2013 4:32pm Apr 30, 2013 4:32pm
Quoting mosah
{quote} Hi Dadas, FRENCH
Your profile says: Spain

So that is what I thought.

No parle francaise!
Trade the facts, not opinions.
  • #1,537
  • Apr 30, 2013 5:26pm Apr 30, 2013 5:26pm
Hey Dadas, i wanna say you "muchas gracias" from Spain, i was looking your profile and we born the same day, me 13 / 05 / 1982

Im starting 1 month ago with forex and i love your natural way for teach us, i always tought that the only indicators that can do something are large ma´s but i hope dont use them anymore after some months. Thanks again for open my eyes to see the forex from other perspective.
All my trades are in demo, dont do these things at home without permission!
  • #1,538
  • Apr 30, 2013 8:55pm Apr 30, 2013 8:55pm
Quoting Dadas
{quote} {image} PTECZ 1 is the PTECZ on the Bullish Trend Candle. It Potentially Ends the Bullish Trend. PTECZ 2 is the PTECZ on the Bearish Local Trend Candle. It Potentially Ends the Bearish Local H4 Trend. PTECZ 3 is the PTECZ on the Bullish Local Trend Candle. It Potentially Ends the Bullish Local H4 Trend. You should, also pay attention to plot the PTECZs exactly from High to Low of the PTECZ Candle!
AHA....... Thank you ,another step in the right direction , now I understand .
  • #1,539
  • Edited 10:35pm Apr 30, 2013 10:11pm | Edited 10:35pm
I have now marked 2 more PTECZ , had to go back quite a way , i hope these are correct .
THere is quite a large gap from the previous zones and i was looking at the candle pointed at with the black arrow -- but very unsure about this one ?
Any help very much appreciated .
PS. please ignore the sell line , it has nothing to do with your method.
Attached Image (click to enlarge)
Click to Enlarge Name: ptecz.png Size: 70 KB
  • #1,540
  • May 1, 2013 3:15am May 1, 2013 3:15am
Quoting Dadas
quote=Nametaker: How many years of trading did it take you before you "got it"? 1 year, 10 months. But it was 1 year and 3 months walking blind. PA - 7 months, so the PTECZ and all, I created in about 3 months. quote=Nametaker: Dadas why do you keep jumping down everyone's throat? I am not jumping at anybody's throat. I am trying to save you a couple of hard years experience. If you understand that, you will learn, quickly. quote=Nametaker: Take your thumb out your ass. If you continue being a cry-baby, I wish you all the best!
After 2 years i wouldn't even think of teaching people how to trade. I'm still humble after 5 years in the bussines and i just can't understand how can you point out to people that they are not there yet ... they do not understand ... this does not work... PA is king... FA is BS and you highlight the fact that you dont have time to trade. I think i might end up on your ignore list this time but Dadas... honestly i believe what you are doing here is inflating big baloon filled with newbies expectations.
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