Price Action in Day Trading by Dadas | Page 84 | Forex Factory

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Price Action in Day Trading by Dadas

  • #1,661
  • May 5, 2013 1:23pm May 5, 2013 1:23pm
@arkan1976

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 70 KB

The H4 chart shows a clear Bullish Trend since April 24.
April 29 the Trend is still Bullish.
The retrace on April 30 reached the Support H4 PTECZ almost exactly to the Pip.
And the Level was strongly rejected - the Shadow.
This rejection Shadow is the CSCZ Support to look for Long Entry.

Going against Trend is a difficult and very risky game.
Trade the facts, not opinions.
  • #1,662
  • May 5, 2013 1:54pm May 5, 2013 1:54pm
Here is a little Forex art, for you!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm30.png Size: 188 KB

This is an unexpected result while I was working on some helper.

This may be the hiddien message of the workings of the Market!
Trade the facts, not opinions.
  • #1,663
  • May 5, 2013 2:43pm May 5, 2013 2:43pm
Quoting Dadas
You can even have one in Zone Candle style! {image} {file} {file}
Hi Dadas,
How has your weekend been,hope great?Please I just downloaded the attachment and copied into my MT4,but each time i launch on a chart it wouldnt show anything like the chart you attached,nothing changes.what i'm doing wrong here,what are the settings at INPUT say on D1 chart?thanks.
If you dont stand for something,you 'll fall for anything.
  • #1,664
  • May 5, 2013 3:57pm May 5, 2013 3:57pm
Thnks Dadas.
  • #1,665
  • May 5, 2013 4:55pm May 5, 2013 4:55pm
Quoting finaclefx
{quote} Hi Dadas, How has your weekend been,hope great?Please I just downloaded the attachment and copied into my MT4,but each time i launch on a chart it wouldnt show anything like the chart you attached,nothing changes.what i'm doing wrong here,what are the settings at INPUT say on D1 chart?thanks.
The m-Candles.mq4 and m-Candles_ZoneCandle_Style.mq4
show a larger Tf Candles on a smaller Tf.

On D1 chart you can only see the W1 or MN Candles.

So, TFBar must be larger than your chart Tf.
Trade the facts, not opinions.
  • #1,666
  • May 5, 2013 5:07pm May 5, 2013 5:07pm
Quoting Dadas
{quote} The m-Candles.mq4 and m-Candles_ZoneCandle_Style.mq4 show a larger Tf Candles on a smaller Tf. On D1 chart you can only see the W1 or MN Candles. So, TFBar must be larger than your chart Tf.
Thanks Dadas,I got it now!
If you dont stand for something,you 'll fall for anything.
  • #1,667
  • May 5, 2013 8:06pm May 5, 2013 8:06pm
HI Dada , Can you please list the main indicators used ? ( are they still the same as the ones onPost #1 ?)
How do I install them on Metatrader 5 ? or do I need 4 ?
Thanks for your time
  • #1,668
  • May 6, 2013 4:12am May 6, 2013 4:12am
Quoting numoon
HI Dada , Can you please list the main indicators used ? ( are they still the same as the ones onPost #1 ?) How do I install them on Metatrader 5 ? or do I need 4 ? Thanks for your time
We use only tools listed in Post#1.
Any other on the way that are not listed in Post#1 are just extras.

They are .mq4 - so for MetaTrader 4 platform.

If you want to install them on MetaTrader 5 platform,
you need to find someone who can rewrite them to .mq5 .
Trade the facts, not opinions.
  • #1,669
  • May 6, 2013 7:57am May 6, 2013 7:57am
Hello All,
Dadas, what do you think about this, is corectly ?
Thanks.

http://img41.imageshack.us/img41/141/gbpusdm30.png


http://img844.imageshack.us/img844/7702/gbpusdm5.png
  • #1,670
  • May 6, 2013 9:22am May 6, 2013 9:22am
Quoting arkan1976
Hello All, Dadas, what do you think about this, is corectly ? Thanks.
Why don't you just use the PTECZ, and everything is clear?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.gif Size: 51 KB
Trade the facts, not opinions.
  • #1,671
  • May 6, 2013 10:30am May 6, 2013 10:30am
This is for my dear friend who wishes to stay anonymous, but visits us sometimes.

Drogi przyjacielu, który tak wiele mi pomogłeś w poznawaniu Forex-u!

To jest dla ciebie!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym1.png Size: 75 KB
Trade the facts, not opinions.
  • #1,672
  • May 6, 2013 1:18pm May 6, 2013 1:18pm
Now, this is the idea!
The higher Entry was not so good, but still SL was in the right place.
The lower Entry is what I have been searching for!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym1_trades.png Size: 65 KB
Trade the facts, not opinions.
  • #1,673
  • May 6, 2013 5:10pm May 6, 2013 5:10pm
Quoting Dadas
{quote} Why don't you just use the PTECZ, and everything is clear? {image}
Dadas, i have problems to identify the PTECZ... do you remember the post number where is the definition of PTECZ ?

This PTECZ are correct ?
Thanks and sorry for the questions...

http://img546.imageshack.us/img546/1994/93585112.png
  • #1,674
  • May 6, 2013 7:43pm May 6, 2013 7:43pm
Sorry , I am new to Metatrader , I am having issues seeing the indicators on the chart , how do you use the zones indicators ?
Thanks for your help
  • #1,675
  • May 7, 2013 12:30am May 7, 2013 12:30am
Quoting arkan1976
{quote} Dadas, i have problems to identify the PTECZ... do you remember the post number where is the definition of PTECZ ? This PTECZ are correct ? Thanks and sorry for the questions... {image}
http://www.forexfactory.com/showthre...34#post6658134
Trade the facts, not opinions.
  • #1,676
  • May 7, 2013 12:33am May 7, 2013 12:33am
Quoting numoon
Sorry , I am new to Metatrader , I am having issues seeing the indicators on the chart , how do you use the zones indicators ? Thanks for your help
Meta Trader is your very basic tool, it is your Trading Platform.

Unless you are using a different one!

Learn to use your Tool first, then come back and start learning a Trading Method.
Trade the facts, not opinions.
  • #1,677
  • May 7, 2013 12:56am May 7, 2013 12:56am
Quoting Starzu
MN chart. Ok I admit, I had a problem with choosing MN PTECZ. I could choose either 2 PTECZs, from above and below current price level, or 1 PTECZ (Candle index 2). I chose the second option as you can see. ... Dadas, what do you think about that ? I am really sorry for the links only, I couldn't attach pics.
A great job!

Sometimes it can be difficult with the MN chart, but you could use the
Custom_Zone_Candle_with_Index.mq4 to plot the Zone Candle with CSCZ already!
Attached Image (click to enlarge)
Click to Enlarge Name: audusdmonthly.png Size: 62 KB

Attached Image (click to enlarge)
Click to Enlarge Name: audusdweekly.png Size: 69 KB

Attached Image (click to enlarge)
Click to Enlarge Name: audusddaily.png Size: 68 KB

Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 61 KB
Trade the facts, not opinions.
  • #1,678
  • May 7, 2013 3:03am May 7, 2013 3:03am
Trading GOLD off the M1 chart!

Impossible? Possible!
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm1.png Size: 71 KB

SL 18 Pips - about 3 Pips below H4 Lowest Close Level, TP 30 Pips and taken.

Reasons for Entry:
Bounce off H4 Low at H4 Support Level.
Last hour of H4 Candle - Candle Shadow formation.

This was against bigger Trend on the H4 Shadow formation.
I was ready to Exit manually if Price returned down.
Trade the facts, not opinions.
  • #1,679
  • May 7, 2013 3:27am May 7, 2013 3:27am
another trade, using PTECZ, i draw PTECZ 30m, drop 5min and enter in breakout.

http://img46.imageshack.us/img46/6136/94357097.png

http://img401.imageshack.us/img401/3091/50999069.png
  • #1,680
  • May 7, 2013 3:48am May 7, 2013 3:48am
Quoting arkan1976
another trade, using PTECZ, i draw PTECZ 30m, drop 5min and enter in breakout. {image} {image}
OK!

But, the Green Zone isn't PTECZ! What is it?
PTECZ is the next M5 Candle after the M5 Candle you have the Green Zone from.

What about TP? How do you estimate TP Levels? Based on what assumptions?

And, how are your results?
Trade the facts, not opinions.
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