Price Action in Day Trading by Dadas | Page 94 | Forex Factory

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Price Action in Day Trading by Dadas

  • #1,861
  • May 13, 2013 11:46am May 13, 2013 11:46am
hello all. this is a trae that I made USDCAD 1h - WEEKLY CZ

http://img10.imageshack.us/img10/6450/92788217.png

And this is my current trade USDCAD 30m - Daily CZ

http://img29.imageshack.us/img29/2918/29715845.png

Please Dadas, i´m doing well ¿?
Thanks.
  • #1,862
  • May 13, 2013 11:51am May 13, 2013 11:51am
Quoting whitebeltfx
Nervous as first chart posted. Feedback really welcome and mistakes pointed out would be great. Thank you in advance. {image} On the 4 hour chart, I am still wondering if I have placed the PTECZs correctly. The lower one "Bottom PTECZ target", I still query. Should this be the hammer swing low a few steps back? The middle PTECZ with "???". Think I am happy with this but feedback appreciated. Current one happy as labeled a few posts back :-) Upper one I think I have correctly labelled. Plan is to wait for a retracement as labeled (1.5332 region)....
Upper PTECZ !
PTECZ?? - is TBCZ. PTECZ is the Doji just before!
Current PTECZ !

What is the Bottom PTECZ from? Because we can not see on your chart.

You should have entered Short all the way up there,
when Price Broke Down from the Current PTECZ Upper Resistance CSCZ
and retraced back. Look how many Pips you have already let pass you!
Trade the facts, not opinions.
  • #1,863
  • May 13, 2013 11:55am May 13, 2013 11:55am
Quoting arkan1976
hello all. this is a trae that I made USDCAD 1h - WEEKLY CZ {image} And this is my current trade USDCAD 30m - Daily CZ {image} Please Dadas, i´m doing well ¿? Thanks.
Your account will answer that question!

This is Forex, there is no degree, no MB.
The only test is the Market.
The only degree is your account!
Trade the facts, not opinions.
  • #1,864
  • May 13, 2013 12:04pm May 13, 2013 12:04pm
A big American company hired a young Polish programmer, because he was good.
The programmer was working on a project, and when he had finished,
he went to his boss and asked if it was good.

The boss answered:
"You are the specialist programmer in this company.
If you don't know if this is good, who is supposed to know?"
Trade the facts, not opinions.
  • #1,865
  • May 13, 2013 12:10pm May 13, 2013 12:10pm
Sorry, picture was cut short.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 41 KB


I guess my uncertainty about points 1 and 2. Looking at it I think I my current lower PTECZ is wrong and it should be that one labelled 1. Thanks in advznce and for previous swift response. :-)
  • #1,866
  • May 13, 2013 12:16pm May 13, 2013 12:16pm
Quoting whitebeltfx
Sorry, picture was cut short. {image} I guess my uncertainty about points 1 and 2. Looking at it I think I my current lower PTECZ is wrong and it should be that one labelled 1. Thanks in advznce and for previous swift response. :-)
Great, if you saw 1 and it fitted better, then just plot it!
You will see!
It won't hurt your chart, and you can always delete it!

2 not so good.

Another way would be to plot just the CSCZ of the Floor Rejection Candle,
and 1 on top of that!

You would see the potentials.
Trade the facts, not opinions.
  • #1,867
  • May 13, 2013 12:25pm May 13, 2013 12:25pm
Thanks, will prepare to zero in on trade if/when it happens. Happy birthday :-)
  • #1,868
  • May 13, 2013 12:31pm May 13, 2013 12:31pm
Quoting whitebeltfx
Thanks, will prepare to zero in on trade if/when it happens. Happy birthday :-)
If Price is to bounce back Up, there is Pips to take on the way Up.
Look for those, do not wait until retrace!
Trade the facts, not opinions.
  • #1,869
  • May 13, 2013 1:03pm May 13, 2013 1:03pm
Quoting Dadas
{quote} If Price is to bounce back Up, there is Pips to take on the way Up. Look for those, do not wait until retrace!
That quote propably did apply for my chart as well, especially since it was a monthy PTECZ above. Makes sense. Good you pointed that out. Sometimes it´s still hard to think different from how traditional was of trading and how it is "supposed" to be.
  • #1,870
  • May 13, 2013 1:39pm May 13, 2013 1:39pm
Quoting Christianfx
{quote} That quote propably did apply for my chart as well, especially since it was a monthy PTECZ above. Makes sense. Good you pointed that out. Sometimes it´s still hard to think different from how traditional was of trading and how it is "supposed" to be.
Just takes time to figure it out.
But, I have done most of the work for you!

You, only have to train your brain to see it!
Trade the facts, not opinions.
  • #1,871
  • May 13, 2013 1:42pm May 13, 2013 1:42pm
Thanks, Everybody for Your Kind Regards!

This is for Everybody, instead of answering every post!

Trade the facts, not opinions.
  • #1,872
  • May 13, 2013 4:56pm May 13, 2013 4:56pm
here is my exercise mr dadas. i add blue arrow that i think which candle is PTECZ. could you check this?

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2013.05.14_00h35m59s_003_.jpg Size: 125 KB
  • #1,873
  • May 13, 2013 5:14pm May 13, 2013 5:14pm
Quoting P.Action
here is my exercise mr dadas. i add blue arrow that i think which candle is PTECZ. could you check this? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: PAction.gif Size: 92 KB
Trade the facts, not opinions.
  • #1,874
  • May 13, 2013 5:38pm May 13, 2013 5:38pm
Quoting Dadas
{quote} {image}
thanks for reply mr. dadas. if you have time. i have one exercise too. but if you dont have time. no problem.


Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2013.05.14_01h29m53s_006_.jpg Size: 141 KB
  • #1,875
  • May 13, 2013 11:59pm May 13, 2013 11:59pm
Hi,

My GOLD 1H demo trades have been positive so far, and I am using only the Daily Custom_Zone_Candle to visualize the preceding trading day.
Entering short on top, and long on bottom.

Dadas, I am also looking forward to test the new PTECZ_Trader


Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh1-2.png Size: 32 KB
  • #1,876
  • May 14, 2013 2:21am May 14, 2013 2:21am
Quoting P.Action
{quote} thanks for reply mr. dadas. if you have time. i have one exercise too. but if you dont have time. no problem. {image}
At that time I shut down and go to bed!

But today I can answer:
Attached Image (click to enlarge)
Click to Enlarge Name: PAction.gif Size: 95 KB

Attached Image (click to enlarge)
Click to Enlarge Name: PAction2.gif Size: 94 KB
Trade the facts, not opinions.
  • #1,877
  • May 14, 2013 2:48am May 14, 2013 2:48am
Quoting Hins
Hi, My GOLD 1H demo trades have been positive so far, and I am using only the Daily Custom_Zone_Candle to visualize the preceding trading day. Entering short on top, and long on bottom. Dadas, I am also looking forward to test the new PTECZ_Trader {image}
Good Trading!

However, do you use SL?

If you do not use SL, you must be an extremely self-disciplined person
in order to close the Loss when it comes!

A day will come when GOLD starts in one direction for hundreds and thousands of Pips.
If you are not ready to accept the Loss when you are in the opposite direction,
you will lose everything you had been working on so hard!
Trade the facts, not opinions.
  • #1,878
  • May 14, 2013 3:48am May 14, 2013 3:48am
A PTECZ Trap!
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd-m1-fxsalt-ltd.png Size: 64 KB

Price is caught in a series of PTECZs: H4, H1, M30, and there was also M15.
The PTECZs overlap.
Trade the facts, not opinions.
  • #1,879
  • May 14, 2013 4:01am May 14, 2013 4:01am
@P.Action,

I have some advice for you:
Looking at your charts, I see they are very bad charts.
There are very many gaps, missing data.
I think you should consider changing Broker.

If you do not want to change Broker, work from better charts!
Trade the facts, not opinions.
  • #1,880
  • Edited 5:08am May 14, 2013 4:54am | Edited 5:08am
Price Breaks Down from PTECZ Trap,
most important, Price Breaks Down from H4 PTECZ.
I Open 1 Short, then Price Consolidates and forms M15 PTECZ.
I Open another Short higher.
Of course I know my Potential Stop from higher Tfs.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd-m1-fxsalt-ltd.png Size: 64 KB

+94,6 Pips.

PS.
I did have SL @ 27 Pips.
MT4 bugs a lot and shows or doesn't show, sometimes.
Maybe it is because I use 3rd-party dlls, too.
Trade the facts, not opinions.
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