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Price Action in Day Trading by Dadas

  • #1,581
  • May 2, 2013 12:09am May 2, 2013 12:09am
yesterday USDJPY hit 97.10 three times. And every time it bounced. Now it looks it is going down again towards 97.10. What you guys do think this?
I don't know much about price action 'cause I am in a learning time yet. But it looks me sideways with less bulls.
  • #1,582
  • May 2, 2013 12:54am May 2, 2013 12:54am
Quoting P.Action
i read first pages of this thread. i draw some chart for example and for your comments Dadas. there is too many pages to read. but examples will be good to understand your pure method. charts are here. thanks. monthly {image} weekly {image} daily {image} H4 {image} H1 {image}
Sorry P.Action!

Maybe you have marked some Zones, but they are neither CSCZ, neither TBCZ,
I may find a PTECZ or two on your charts.

Otherwise, this is not my method you are posting.

The CSCZ, TBCZ and PTECZ are shown in the begining of this thread.

You do not need to read it all to see the 3 Consolidation Zones my method is based on.
Trade the facts, not opinions.
  • #1,583
  • May 2, 2013 12:58am May 2, 2013 12:58am
Quoting iahmedz
yesterday USDJPY hit 97.10 three times. And every time it bounced. Now it looks it is going down again towards 97.10. What you guys do think this? I don't know much about price action 'cause I am in a learning time yet. But it looks me sideways with less bulls.
iahmedz
This is not "What do you think" thread.

This is a thread about Price Action.

We read Price Action and see which way Price wants to go.

General rules for thread:
1. No predictions about future price movement.
2. No private opinions about future price movement.
3. Fundamental hints allowed, as long as in: "Watch PA on ..., because ..." style.
Trade the facts, not opinions.
  • #1,584
  • Edited 2:15pm May 2, 2013 1:36am | Edited 2:15pm
Attached Image

This is a Break Candle, because its Close value Breaks Down
the Open value of the Bullish Candle which it Engulfs.
It has, actually Broken Down from the Local Price Consolidation which
can be visible on some lower Timeframe.
I also call it the Trend Candle, because it is a Trend reversal signal.

This is a Break Candle, because its Close value Breaks Up
the Open value of the Bearish Candle which it Engulfs.
It has, actually Broken Up from the Local Price Consolidation which
can be visible on some lower Timeframe.
I also call it the Trend Candle, because it is a Trend reversal signal.
Attached Image
Trade the facts, not opinions.
  • #1,585
  • Edited 2:16pm May 2, 2013 2:14am | Edited 2:16pm
Some people think that they must stick to some strict definitions.
Well, definitions are useful, because they set a certain model
so that everybody may understand, in general, what another person
is talking about.

However, most of the times, reality presents many different variations of
the defined thing.

The Merriam-Webster Dictionary says:
tree
1
a : a woody perennial plant having a single usually elongate main stem generally with few or no branches on its lower part
b : a shrub or herb of arborescent form <rose trees> <a banana tree>
2
a (1) : a piece of wood (as a post or pole) usually adapted to a particular use or forming part of a structure or implement (2) archaic : the cross on which Jesus was crucified
b archaic : gallows

3
: something in the form of or resembling a tree: as

a : a diagram or graph that branches usually from a simple stem or vertex without forming loops or polygons
<a genealogical tree> <phylogenetic trees>

b : a much-branched system of channels especially in an animal body <the vascular tree>

There are many kinds of trees in this world.

Most of the times, we are operating on models, only.

Try to find the model Engulfing Candle in reality on Forex charts.
You may be lucky to find a few.

The Trader must be flexible, must study the charts and draw their own conclusions!

The CSCZ is simply the Candle Shadow. There is not much to interpret, here.
It is the lenght of the Shadow which is the important information.

The TBCZ is the Consolidation Zone just before the Break Candle.
Thus, there is also not much space for interpretation.

The PTECZ is the Consolidation Zone just after the Trend Candle.
Here, we can have some room for interpretation, because a "Trend Candle"
can be of various lenght. A few Pips to hundreds or thousands of Pips.

I have described my way all through this thread.

I can only repeat: If you need evidence, try the method for yourself.

If it works for you, great.

If it does not, continue your search, your quest for victory!
Trade the facts, not opinions.
  • #1,586
  • May 2, 2013 2:51am May 2, 2013 2:51am
thanks for your contribution dadas !
  • #1,587
  • May 2, 2013 2:53am May 2, 2013 2:53am
Quoting Dadas
{image} This is an Engulfing Candle, because its Body Engulfs the previous Candle Body and it is the opposite direction. I call it also the Break Down Candle, because it's Close value Breaks Down the Open value of the Bullish Candle which it Engulfs. It has, actually Broken Down from the Local Price Consolidation which can be visible on some lower Timeframe. I also call it the Trend Candle, because it is a Trend reversal signal. This is an Engulfing Candle, because its Body Engulfs the previous Candle Body and it is the opposite direction. I call...
None of this is engulfing candle. It is only by your own definitions. Realjumper is right here. Engulfing candle has higher high and lower low compared to previous candle. Why do you keep misleading people?


I dont care about definitions to be honest but you stick new names to things that exist and are very well known. By the same logic i could open thread with new ptezcz definition and talk about different kind of trees just to give a deeper meaning to some simple stuff.
  • #1,588
  • May 2, 2013 2:54am May 2, 2013 2:54am
@P.Action
Here, some examples on your MN and W1 charts:
Attached Image (click to enlarge)
Click to Enlarge Name: PAction_MN.jpg Size: 253 KB

Attached Image (click to enlarge)
Click to Enlarge Name: PAction_W1.jpg Size: 309 KB


But, you have got to do your homework!
Trade the facts, not opinions.
  • #1,589
  • May 2, 2013 3:04am May 2, 2013 3:04am
Quoting Dadas
@P.Action Here, some examples on your MN and W1 charts: {image} {image} But, you have got to do your homework!
This has nothing to do with supply/demand analysis Dadas.
  • #1,590
  • Edited 2:18pm May 2, 2013 3:10am | Edited 2:18pm
Quoting markup
{quote} None of this is engulfing candle. It is only by your own definitions. Realjumper is right here. Engulfing candle has higher high and lower low compared to previous candle. Why do you keep misleading people?
Sorry markup, this is a Break Candle.

If you do not agree, that is your right.

Keep it to yourself.

You promised me something!
Seems, you are not the man of your word!
Trade the facts, not opinions.
  • #1,591
  • May 2, 2013 3:13am May 2, 2013 3:13am
Quoting markup
{quote} This has nothing to do with supply/demand analysis Dadas.
This is an element of Price Action in Day Trading by Dadas.

My method based on the understanding of S/D and Consolidation.

Otherwise, I do not care!
Trade the facts, not opinions.
  • #1,592
  • Edited 3:39am May 2, 2013 3:15am | Edited 3:39am
Quoting markup
By the same logic i could open thread with new ptezcz definition and talk about different kind of trees just to give a deeper meaning to some simple stuff.
Yes, you are absolutely free to do this, if you wish!

You do not even need anybody's permission!

If you have any information or your own method you
would like to share with others, I would be one of the first
to check it out on your thread!

That is one of the basic ideas of any Forum!
Trade the facts, not opinions.
  • #1,593
  • May 2, 2013 3:22am May 2, 2013 3:22am
Here is another example of my Intraday Trade according to PA by Dadas and PTECZ:
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym15.png Size: 72 KB
Trade the facts, not opinions.
  • #1,594
  • May 2, 2013 3:28am May 2, 2013 3:28am
Yesterday, I took a Trade on GOLD:
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm15.png Size: 38 KB

Only, I closed too quickly, because the reward was much bigger.
Trade the facts, not opinions.
  • #1,595
  • May 2, 2013 3:57am May 2, 2013 3:57am
Well Dadas - what a fascinating thread. i have been looking for a week or two and the disagreements of a few are a vital part of its success.
Congratulations and I am about ready to start putting it i to trial. CSCZ TBCZ PTECZ are all comprehensible and workable ideas. Will advise as I learn how to get charts pasted in to this FF thread. There is no need for stubborn or arrogance from anybody - but it adds a certain interest - a spice - to proceedings - we choose for ourselves what we do about these ideas. go for it guys and interesting work, Dadas.
  • #1,596
  • May 2, 2013 4:12am May 2, 2013 4:12am
Quoting Arigo444
Well Dadas - what a fascinating thread. i have been looking for a week or two and the disagreements of a few are a vital part of its success. Congratulations and I am about ready to start putting it i to trial. CSCZ TBCZ PTECZ are all comprehensible and workable ideas.
Thank you for your kind words!
I am here to help and guide.

Quoting Arigo444
Will advise as I learn how to get charts pasted in to this FF thread.
This is easy, you just add as attachment.
There is Attach Files under the post editing window.
You upload from your computer or from URL.
Then, you can insert or just leave as attachment.
Charts will be visible in your post.

Quoting Arigo444
There is no need for stubborn or arrogance from anybody - but it adds a certain interest - a spice - to proceedings - we choose for ourselves what we do about these ideas. go for it guys and interesting work, Dadas.
Some guys seem to take pleasure in trying to fix things so that they fit to their imagination
of what the world should be like. They think Forex is a fixed set of rules.
They think life is a fixed set of defined rules!
It is their limitation, which they refuse to break and be free!

Well, for one thing, they do generate traffic and they are stupid enough not to understand
that thanks to their postings the thread gets on the main page and attracts new visitors.
Just more reason for yet another post.

But, sometimes they get too nasty.

That is when I must say good-bye to such people.

Again, thanks for your support!
Trade the facts, not opinions.
  • #1,597
  • May 2, 2013 4:53am May 2, 2013 4:53am
I agree with Arigo, this is a great thread. Every morning I canīt wait switiching on my computer since there might be some great new stuff here. Nice work Dadas.
  • #1,598
  • May 2, 2013 4:58am May 2, 2013 4:58am
So, I show again:
Attached Image (click to enlarge)
Click to Enlarge Name: Example.gif Size: 13 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Breaks.gif Size: 15 KB
Trade the facts, not opinions.
  • #1,599
  • May 2, 2013 5:19am May 2, 2013 5:19am
In Trading we apply all 3 Zones:
CZCS, TBCZ, PTECZ

CZCS is the Shadow, which is the information about Price Rejection.

TBCZ is more important as historical Consolidation Zone, because
when the TBCZ Closes we can not know if it is TBCZ until the next Candle Closes,
which may be too late to Enter.

PTECZ is there when the PTECZ Candle Closes, so it is the early sign!
Trade the facts, not opinions.
  • #1,600
  • May 2, 2013 6:01am May 2, 2013 6:01am
Quoting Dadas
@P.Action Here, some examples on your MN and W1 charts: {image} {image} But, you have got to do your homework!
dadas i looked first 20 pages, not last ones. so some of your chart data could not exist. it is first chart with your method.
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