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Price Action in Day Trading by Dadas

  • #1,541
  • May 1, 2013 3:25am May 1, 2013 3:25am
Quoting o0AxeL0o
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.
Please, stop using them now.
Do not wait. They are not helping you!
You are getting only bad habits.
Remove them from charts! Please!
Trade the facts, not opinions.
  • #1,542
  • May 1, 2013 3:40am May 1, 2013 3:40am
Quoting robuk
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. {image}
Very good!
The blue Zones are all correct PTECZs!

The Candle pointed with the arrow can be a TBCZ.
And it is a TBCZ, because it was the Consolidation Zone where the Bulls Ended.

The Bearish Candle after that one is a Break Down Candle, a Trend Candle,
It is the difficult one, because it could also be PTECZ.
You will, probably find a PTECZ there on H1 or maybe D1.

PS.
You do not need to show your Trades, if you do not want!
Tools -> Options -> Show Trade Levels box untick!

PPS.
During weekend, please play with your MT4.
Draw a lot of PTECZs so you get the H/L right.
Click everywhere and learn your Trading Tool!
Trade the facts, not opinions.
  • #1,543
  • May 1, 2013 3:56am May 1, 2013 3:56am
Quoting Dadas
{quote} Very good! The blue Zones are all correct PTECZs! The Candle pointed with the arrow can be a TBCZ. And it is a TBCZ, because it was the Consolidation Zone where the Bulls Ended. The Bearish Candle after that one is a Break Down Candle, a Trend Candle, It is the difficult one, because it could also be PTECZ. You will, probably find a PTECZ there on H1 or maybe D1. PS. You do not need to show your Trades, if you do not want! Tools -> Options -> Show Trade Levels box untick! PPS. During weekend, please play with your MT4. Draw a lot of PTECZs...
Dadas , Thanks a million for all your help and advice , and yes i'm not very good yet with computers , so a bit of a tough call for me to try to learn computer and Forex at the same time , because i'm fairly ancient compared to you guys ,I was bought up on mental arithmatic (I bet lots of people wonder what the hell that is !!)

but thats no excuse , I have to just keep plodding on , thats nothing new for me.
  • #1,544
  • May 1, 2013 3:59am May 1, 2013 3:59am
Quoting markup
{quote} 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.
Thanks Markup,

It is not the years that count, but the hours.

If I tell someone that they have not got it, yet, I am talking about my method.

I am not teaching anything, I am guiding, helping, showing, presenting my method, which works!
For me it works.
Others have shown it works for them.
Also Traders trading longer than you.

It is not how many years you have been trading.

There are people who have been trading for 6-7 years and
still do not have any idea what they are doing.

The Trader who put me on the right tracks is a 8 year Trader.
I took from there with the support of another Trader who had spent
3 years developing a very complex EA strategy, and who showed me a whole lot of
technical details and matters. That is how the Zone Candle TBCZ and PTECZ were born.

But, he does not belive my method, and despite all his knowledge about the Market
and all there is to know technically, he is unable to make money from Forex.
It is the psychological factor which hinders him.

2 years, you say, 730 Days, on average 10 hours per day = 7300 hours, at least.
This is my tempo! I realise that not many people are willing to do it this way!
I realise that not many people are able to do it this way!

So, let me do it my way.

If someone does not have what it takes, they will drop out.

If, eventually it turns out that I will have nobody to post for, I will stop!

And, no, your post will not get you on my ignore list!

I like your presence on my thread!
You have not abused me in any way!

I remain, humbly Yours - Dadas
Trade the facts, not opinions.
  • #1,545
  • May 1, 2013 4:42am May 1, 2013 4:42am
PS.
No Holiday, no Vacation, no Weekend other than Forex Trading, Analysis, Study, Development!
I got the compound 10 years experience in less that 2 years!
Trade the facts, not opinions.
  • #1,546
  • May 1, 2013 4:52am May 1, 2013 4:52am
Quoting Dadas
PS. No Holiday, no Vacation, no Weekend other than Forex Trading, Analysis, Study, Development! I got the compound 10 years experience in less that 2 years!
You must be kidding me.
Thats just ridicoulous statement.
You are not the only one working hard.
You are not so special as you think you are.

I'm sorry Dadas.... You've just lost my curiosity.
  • #1,547
  • May 1, 2013 4:57am May 1, 2013 4:57am
Quoting markup
PA is king... FA is BS
Correct!
Zone Candle, TBCZ, PTECZ mean nothing without Price Action.
Price Action is the basis of my method!

If some one uses Zone Candle, TBCZ and PTECZ but has no idea about PA,
they are only guessing! They have understood nothing.

It is Price Action and my Tools to help people learn to read and see Price Action!

Eventually, you will not need the Zone Candle, TBCZ, and PTECZ.

Price Action will be the only thing you will need.

Normally, it takes a Trader 6 plus years to figure Price Action by themselves without any help.

My Tools should shorten the time to ca. 2-3 years, depending on individual skills and devotion.
Trade the facts, not opinions.
  • #1,548
  • May 1, 2013 5:03am May 1, 2013 5:03am
Quoting markup
You just haven't seen much yet ... I'm sorry Dadas.... You've just lost my curiosity.
I have seen enough, lived long enough, experienced a whole lot more than you have, my friend!

And, I have seen what can be seen on the charts, as long as the history shows!

About your curiosity?
I have known since your first post, here, that you are in the wrong place.
I was just curious if you will be vulturing me or supporting.

Anyway, you have provided me a few opportunities to prove myself right
and to develop further more!

For which, I am most greatful!

May PA be with You!
Trade the facts, not opinions.
  • #1,549
  • May 1, 2013 5:06am May 1, 2013 5:06am
Quoting Dadas
{quote} I have seen enough, lived long enough, experienced a whole lot more than you have, my friend!
And how do you know that?

Honestly i dont have words to comment such childish answers. Anyway... let it be your way.
  • #1,550
  • May 1, 2013 5:09am May 1, 2013 5:09am
Quoting markup
{quote} And how do you know that? Honestly i dont have words to comment such thing. Anyway... let it be your way.
Somehow, I have a feeling it is that way.
But, we could get to know each other better.
PM-wise, of course!
Trade the facts, not opinions.
  • #1,551
  • May 1, 2013 5:10am May 1, 2013 5:10am
Quoting Dadas
{quote} Somehow, I have a feeling it is that way. But, we could get to know each other better. PM-wise, of course!
No thanks. You clearly are right 100% of the time.
  • #1,552
  • May 1, 2013 5:13am May 1, 2013 5:13am
Quoting Dadas
{quote} Price Action will be the only thing you will need. Normally, it takes a Trader 6 plus years to figure Price Action by themselves without any help. My Tools should shorten the time to ca. 2-3 years, depending on individual skills and devotion.
Dadas
Does this mean after the qualifying period we can also dispense with Candlestick analysis and just work off Line Charts?
We always have a choice to be right or kind,be kind you will learn more.
  • #1,553
  • May 1, 2013 5:14am May 1, 2013 5:14am
I have got to cut this short!
There is too much Off Topic personal opinions going on here.

Let's stick to what this thread is about!

No more personal issues!

Keep personal issues to PM, only!
Trade the facts, not opinions.
  • #1,554
  • May 1, 2013 5:23am May 1, 2013 5:23am
Quoting emailpat
{quote} Dadas Does this mean after the qualifying period we can also dispense with Candlestick analysis and just work off Line Charts?
Candlestick analysis is Price Action analysis, isn't it?

Stop interpreting my words any way you like!

And, what do you mean by "qualifying period"?

The Market and your results will "qualify" you or "disqualify" you.

dispense - do without, get rid of

No, you will not dispense of Candlestick analysis.

You will not be needing to plot the Zones.

That is how markup and Traders like him are doing it.

They use pure Bar charts and sometimes draw a line or two!
Trade the facts, not opinions.
  • #1,555
  • May 1, 2013 5:26am May 1, 2013 5:26am
Quoting Dadas
{quote} Candlestick analysis is Price Action analysis, isn't it?
No it isn't. Price action is the behavior of the price. Thats all. Candles / Bars etc are just indicators representing historical price in easy to understand way.
Stop giving new names/meanings to things you are not interpreting in the right way.
  • #1,556
  • May 1, 2013 5:31am May 1, 2013 5:31am
Quoting markup
{quote} No it isn't. Price action is the behavior of the price. Thats all. Candles / Bars etc are just indicators representing historical price in easy to understand way. Stop giving new names/meanings to things you are not interpreting in the right way.
Yes it is.

The Candlestick is the representation of the Price Action in the given Time Period.

A series of Candlesticks represent a story.

A Candlestick is a chapter.

In that chapter you have paragraphs, sentences, words and letters.

Put together - Price Action.
Trade the facts, not opinions.
  • #1,557
  • May 1, 2013 5:38am May 1, 2013 5:38am
Quoting Dadas
{quote} Yes it is. The Candlestick is the representation of the Price Action in the given Time Period. A series of Candlesticks represent a story. A Candlestick is a chapter. In that chapter you have paragraphs, sentences, words and letters. Put together - Price Action.
OK. Being stubborn is the best way to learn things.
  • #1,558
  • May 1, 2013 5:41am May 1, 2013 5:41am
Quoting markup
{quote} OK. Being stubborn is the best way to learn things.
I will show, it takes a while.
Trade the facts, not opinions.
  • #1,559
  • Edited 6:02am May 1, 2013 5:49am | Edited 6:02am
This is the W1 story inside the MN Candlestick:
Attached Image

This is the D1 story inside the MN Candlestick:
Attached Image (click to enlarge)
Click to Enlarge Name: MN_D1_story.gif Size: 10 KB

This is the H4 story inside the MN Candlestick:
Attached Image (click to enlarge)
Click to Enlarge Name: mn_h4_story.png Size: 64 KB

This is the H1 story inside the MN Candlestick:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 66 KB

I do not have a big enough monitor to show smaller Tfs inside the MN Candlestick.

This is Price Action inside the MN Candlestick.

The same way shows any Timeframe Price Action
inside any other bigger Timeframe Candlestick.
Trade the facts, not opinions.
  • #1,560
  • May 1, 2013 5:56am May 1, 2013 5:56am
And, just to be clear!

I have never said that Fundamental Analysis is BS!

I only said, that it can support Technical Analysis, but
I dare say that Technical Analysis with Price Action
always shows the direction Price wants to go, even if we do not know the news!

Force Majeurs, like wars, major disasters and such, are a completely different story!
Trade the facts, not opinions.
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