Price Action in Day Trading by Dadas | Page 87 | Forex Factory

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Price Action in Day Trading by Dadas

  • #1,721
  • May 8, 2013 8:29am May 8, 2013 8:29am
All right, I´m glad I´ve got that. Thanks
  • #1,722
  • May 8, 2013 12:35pm May 8, 2013 12:35pm
I took the Trades today, because I started off with the analysis from the Top.
I recognised the Potential Stops - PTECZs.
I was not patient enough. Seeing Price near my TP Levels, I Closed manually.

As the picture shows, the Price did reach every one of my TP Levels.
It even reached the next PTECZ, just this hour.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd-m1-fxsalt-ltd.png Size: 72 KB
Trade the facts, not opinions.
  • #1,723
  • May 8, 2013 2:11pm May 8, 2013 2:11pm
Can someone please help me on how to use the indicators to scalp on m1? I'm very confused after reading the first few pages. These indicators seem complicated and I don't understand how to apply them to help in scalping.

Thanks.
  • #1,724
  • Edited 2:52pm May 8, 2013 2:38pm | Edited 2:52pm
Quoting Tok
Can someone please help me on how to use the indicators to scalp on m1? I'm very confused after reading the first few pages. These indicators seem complicated and I don't understand how to apply them to help in scalping. Thanks.
Sorry, but scalping is not my style.

It does not make any sence to me if I can make hundreds of Pips in 5 hours time.

You have got to figure that out for yourself and share your scalping method with my indicators.

My hint is: Follow the M1 PTECZ!

PTECZ is PTECZ on every Timeframe, it works the same!

PS.
The only thing is that if you learn to follow the PTECZ, even on M1,
you will not be scalping any more. Unless 20 Pips is scalping?
Trade the facts, not opinions.
  • #1,725
  • May 8, 2013 3:04pm May 8, 2013 3:04pm
About the number of pages:

In your user Profile there are User options in the left menu.

There, at the bottom you have Number of Posts to Show Per Page.

Chose 15 and you will see the number of pages as before!

FF has made 20 posts per page as the new default.

If you want to see the number of pages as it was before, you must change the User options.
Trade the facts, not opinions.
  • #1,726
  • May 8, 2013 4:23pm May 8, 2013 4:23pm
Quoting Dadas
{quote} Nothing happened to the thread, I explained: Post# 1,712 Post# 1,720 The Candle you point to can be considerred PTECZ (the same hight or almost the same hight). You know rules are no indicators on charts! Please correct this or the chart must be cleanedup!
ok,sorry i forgot!
If you dont stand for something,you 'll fall for anything.
  • #1,727
  • May 8, 2013 4:47pm May 8, 2013 4:47pm
@Tok

EURUSD M1 chart:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m1-fxsalt-ltd.png Size: 64 KB

The Zones are PTECZ.

The rest is yours to figure out how you can use that.
It is the same on every chart!
It only happens much quicker on the M1 chart.
Trade the facts, not opinions.
  • #1,728
  • May 9, 2013 3:24am May 9, 2013 3:24am
It seems I am sleeping better, now!
I got up very early, today, early for me!

Did the GOLD analysis, Entered Short.
I saw that Price has Broken Down the Resistance PTECZ,
but doesn't want to go down, yet.

So, I had an idea! Since I see what is going on, I can scalp me up my SL Pips!
In this way, I can have my SL secured for my later Trade.

So, I did!
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd-m1-fxsalt-ltd.png Size: 72 KB


Now, I have got 18 Pips, I will wait until things get moving on, London or New York.
Trade the facts, not opinions.
  • #1,729
  • May 9, 2013 3:44am May 9, 2013 3:44am
hello good morning.
Last night i made this trade :
Weekly - 1h, but the entry was in 15 min.

http://img10.imageshack.us/img10/8641/16816084.png

But this this morning, the next trade was wrong... I rushed
red lines area = PTECZ 30min
blue area daily CZ
pink area PTECZ 5min

http://img856.imageshack.us/img856/639/55900392.png
  • #1,730
  • May 9, 2013 3:53am May 9, 2013 3:53am
and this is my current trade
red lines area = PTECZ 30min
blue area daily CZ
pink area PTECZ 5min
http://img11.imageshack.us/img11/9846/85499728.png


Edit : close manually
http://img542.imageshack.us/img542/3834/69373093.png
  • #1,731
  • May 9, 2013 4:02am May 9, 2013 4:02am
Quoting arkan1976
But this this morning, the next trade was wrong... I rushed red lines area = PTECZ 30min blue area daily CZ pink area PTECZ 5min {image}
Because you jumped under the moving train!
And, the train ran you over!
Trade the facts, not opinions.
  • #1,732
  • May 9, 2013 4:16am May 9, 2013 4:16am
Quoting Dadas
{quote} Because you jumped under the moving train! And, the train ran you over!
hahahaha
  • #1,733
  • May 9, 2013 4:18am May 9, 2013 4:18am
A couple of weeks ago I wrote about GOLD, here or in Gumrai's thread.
I wrote that GOLD can be a killer, or something in that style.

Somebody answered like this:
"GOLD is like any other instrument, it moves."

You know what?

This Guy was right!

It makes absolutely no difference which instrument we Trade!

What matters is that:
1. We know what we are doing,
2. We do our analysis from the Top, every time,
3. We use our R/R and MM, consistently,
4. We Trade regularly and consistently.

And, we can do it from the M1 chart.

What style we choose is up to us, up to our characters and our experience!

It takes some time to get there, but You have got to move on in order to get there.

Every journey starts from the first step!
Trade the facts, not opinions.
  • #1,734
  • May 9, 2013 4:26am May 9, 2013 4:26am
Quoting arkan1976
{quote} hahahaha
You see, in Forex you can not stop thinking!
Attached Image (click to enlarge)
Click to Enlarge Name: arkan1976.gif Size: 88 KB
Trade the facts, not opinions.
  • #1,735
  • May 9, 2013 4:33am May 9, 2013 4:33am
What do you see in this picture?
Attached Image


But, do not tell me what actually is on this picture!

Tell me what you see on the picture when you look at it!

Post your answers, I will wait until evening.
Trade the facts, not opinions.
  • #1,736
  • May 9, 2013 4:33am May 9, 2013 4:33am
it´s true!
  • #1,737
  • May 9, 2013 4:39am May 9, 2013 4:39am
What do you see in this picture?

An old lady and a young girl
  • #1,738
  • May 9, 2013 4:44am May 9, 2013 4:44am
Quoting autobob
What do you see in this picture? An old lady and a young girl
Can you see that or are you just showing off, because you know that picture?

You are only cheating yourself, nobody else.

Can you see both, the moment you look at the picture?
Trade the facts, not opinions.
  • #1,739
  • May 9, 2013 4:48am May 9, 2013 4:48am
an old lady. at first look.
don't predict direction, but dance with flow of water
  • #1,740
  • May 9, 2013 4:52am May 9, 2013 4:52am
Quoting arkan1976
it´s true!
In other words, you can not start Trading with the approach:
"I am good, I know what I am doing, so I do not need to do analysis!"

You must, always say STOP, WAIT, Think it over!
Your thinking must be fast, yes, but you will not lose any opportunity!
Another train will come, if not today, then tomorrow.

Never look at the same PTECZs you already have plotted
unless you have thought them over again by analysing from the Top.

And, Follow the PTECZ!

This means, watch the current PTECZ and PA in and around it!
Trade the facts, not opinions.
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