Price Action in Day Trading by Dadas

Quoting Dadas

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{quote} Everything makes logical sence! "Potential", because when you see PTECZ, you do not see the next Candles! So, you do not know if it is really the End or not. Anyway, in my opinion it is always the End of some Local Trend, because if the direction continues, it is the next Local Trend - in the same direction! And, now you can play with different Tfs.

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Quoting P.Action

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mr dadas. your simple opinion is revolotion imo. i have studied your method since 1 week ago and now my p. action style change with your simple method. i try this method. if it works or doesnt, i will pray for you. thank you very much. thanks for your efforts.

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Quoting Dadas

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{quote} OK. P.Action! I know you are working and you are getting the idea! Now, follow me, carefully: {image} You can use the Custom_Zone_Candle_with_Index.mq4 to better see the PTECZs. The little diamond under the PTECZ Candles indicates most PTECZs. Both of these are PTECZs, because when these Candles were Closed, they were PTECZs. Both apply to the present situation, to the present Price Levels. Weekly: You must go back to where the MN PTECZ began and find the W1 PTECZ at that Level and present Price Level. This is the MN PTECZ on W1 chart where...

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Quoting P.Action

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1 question : does your orders generally sell stop and buy stop enter ?

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Quoting P.Action

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{quote} I try these advices. i know your custom zone indi. but i want to draw rectangle manually to orientate myself. i know no need to enter small TF. but it is practise as you said. (microscobe view )Thank you again. 1 question : does your orders generally sell stop and buy stop enter ? i drew already E-U charts. anyway i share with you. (H4 and H1 timeframe is enough to get an good view but i went m5 timeframe) Monthly {image} weekly {image} daily {image} h4 {image} h1 {image} m30 {image} m15 {image} m5 {image}

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Quoting Dadas

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A practical hint! If you can recognise the TBCZ and PTECZ and see how to use them, but you have problems with naming them, for whatever reasons, it is better that you only plot them and not label them with names!

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Quoting P.Action

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{quote} very useful answers mr. dadas. thanks. i think this name different comes from this. {image}

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Quoting Dadas

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{quote} Wrong! A PTECZ is a PTECZ! It is the shorter reverse direction Candle! Sometimes the same or almost the same length. Sometimes PTECZ is also TBCZ. But, it is PTECZ first! But TBCZ does not have to be PTECZ first! {image} PS. Hammer or not, it does not matter. PTECZ can be any Candle! TBCZ can be any Candle!

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Quoting P.Action

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{quote} OKEY more clear. as you said zone chosing more important than name. but i try to do. anyway concept is fine.

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Quoting Dadas

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More on Japanese Candlesticks ......It is the Trader's role to recognise those Formations which apply today! Some people claim that there is no such thing as the Break Down or Break Up Candle! I see on the charts that there are such Candles everywhere there is some Trend Shift. I hope you see them, too. Those, who can not see them, obviously can not read charts. ....

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Quoting EaglePip

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{quote} There is an indicator called Custom Candle which super imposes a higher time frame candle on a lower tf chart, which is very helpful to visualise the break up or breakdown. There is a bug in the version I have, but a better version may be found by doing a search. The diagram by P.Action shows it well!

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Quoting arkan1976

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Hello Dadas, thank you very much for this thread. Please, Do you think that this analisys is correct ? Thanks.

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