Price Action in Day Trading by Dadas | Page 95 | Forex Factory

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Price Action in Day Trading by Dadas

  • #1,881
  • May 14, 2013 6:19am May 14, 2013 6:19am
I did not take another Trade, but I want to show, yet again:
Attached Image (click to enlarge)
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If anybody says that this is not Supply/Demand Trading,
they must be either blind, refusing to see,
or they just do not know what they are talking about.

No matter how experienced Traders they may be!
Trade the facts, not opinions.
  • #1,882
  • May 14, 2013 7:33am May 14, 2013 7:33am
Quoting Dadas
I did not take another Trade, but I want to show, yet again: {image} If anybody says that this is not Supply/Demand Trading, they must be either blind, refusing to see, or they just do not know what they are talking about. No matter how experienced Traders they may be!
Hi Dadas,
I don't see what do you mean.
Could you give some explanation on the chart?
Regards
  • #1,883
  • May 14, 2013 7:34am May 14, 2013 7:34am
Quoting Dadas
I did not take another Trade, but I want to show, yet again: {image} If anybody says that this is not Supply/Demand Trading, they must be either blind, refusing to see, or they just do not know what they are talking about. No matter how experienced Traders they may be!

yes it is
  • #1,884
  • May 14, 2013 7:37am May 14, 2013 7:37am
This time I was patient, but then got impatient and closed manually:
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd-m1-fxsalt-ltd.png Size: 67 KB

Anyway, I added +32.9 Pips.
Together +127.5 Pips.
Trade the facts, not opinions.
  • #1,885
  • May 14, 2013 7:42am May 14, 2013 7:42am
Quoting mosah
{quote} Hi Dadas, I don't see what do you mean. Could you give some explanation on the chart? Regards
What is it you don't understand?
Supply/Demand?
It is already on the chart.

Everything is on the chart: Trend, Consolidation (PTECZ), Price Action.
There is a lot of Supply on GOLD today.

There is little Demand.

A lot are selling, not a lot are buying.
Trade the facts, not opinions.
  • #1,886
  • May 14, 2013 8:09am May 14, 2013 8:09am
Quoting mosah
{quote} Hi Dadas, I don't see what do you mean. Could you give some explanation on the chart? Regards
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-fxsalt-ltd.png Size: 64 KB

The simplest way to explain on the chart!
Trade the facts, not opinions.
  • #1,887
  • May 14, 2013 8:27am May 14, 2013 8:27am
Quoting Dadas
{quote} At that time I shut down and go to bed! But today I can answer: {image} {image}
Hi Dadas, thank you for your incredible work. I have read the whole thread and digested most of it. I have also started mapping out PTECZ on my charts. This above mapping of yours is confusing as you have mapped seveal candles which aren't ptecz. How can a candle be a ptecz if the prev one is the same direction, green or red? Also how can a candle be a ptecz if the prev candle is smaller than the ptecz candle?
  • #1,888
  • May 14, 2013 11:33am May 14, 2013 11:33am
Quoting forextrader9
{quote} Hi Dadas, thank you for your incredible work. I have read the whole thread and digested most of it. I have also started mapping out PTECZ on my charts. This above mapping of yours is confusing as you have mapped seveal candles which aren't ptecz. How can a candle be a ptecz if the prev one is the same direction, green or red? Also how can a candle be a ptecz if the prev candle is smaller than the ptecz candle?
Well, there is the definition of PTECZ, however, life is life,
Price Action is also what is happening.
Sometimes you must interpret on your own.
We are talking about Consolidation Zones.
They have different faces.
Sometimes they are what they are.

Show me which specifically you doubt on the chart, I will tell you why they are PTECZ.
Trade the facts, not opinions.
  • #1,889
  • May 14, 2013 11:52am May 14, 2013 11:52am
Quoting Dadas
{quote} At that time I shut down and go to bed! But today I can answer: {image} {image}
Thank you Dadas. The second last candle is a redone bigger than the prev green candle. Also, the long green candle between 29 jul and 10 aug 2011 is bigger than the prev red candle. How can those be ptecz? Am I missing something?
  • #1,890
  • May 14, 2013 2:39pm May 14, 2013 2:39pm
Quoting forextrader9
{quote} Thank you Dadas. The second last candle is a redone bigger than the prev green candle. Also, the long green candle between 29 jul and 10 aug 2011 is bigger than the prev red candle. How can those be ptecz? Am I missing something?
I think you missed the Body part.
It is not the whole length but the Body which make a PTECZ.
We plot it from High to Low, but recognise it by Body.
Attached Image (click to enlarge)
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Trade the facts, not opinions.
  • #1,891
  • May 14, 2013 3:59pm May 14, 2013 3:59pm
Hi Dadas,
Kindly comment on my chart.the brown zone is D1 PTECZ while the green is H4 PTECZ,as you can see the price broke up above these two zones and I waited for a retrace which actually happened,then i LONG but to my surprise it moved against me.WHAT DID I DO WRONG HERE?Cheers!
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If you dont stand for something,you 'll fall for anything.
  • #1,892
  • May 14, 2013 4:28pm May 14, 2013 4:28pm
Quoting finaclefx
Hi Dadas, Kindly comment on my chart.the brown zone is D1 PTECZ while the green is H4 PTECZ,as you can see the price broke up above these two zones and I waited for a retrace which actually happened,then i LONG but to my surprise it moved against me.WHAT DID I DO WRONG HERE?Cheers! {image}
You did not learn my lessons!
You did not do the analysis.
You did not know the Resistance PTECZ Level.
You went against Trend.
You did not plot the current PTECZ which was indicated!
You did not enter Short at the Top of that PTECZ.
You jumped directly under the running fast train.
There was no signal for Bulls on the retrace.
You did not wait for the retrace to end higher then the previous Low.
You assumed, expected, wanted the Price to do what you wished!
You did not follow the PTECZ.
You did not watch Price Action at the Close of the Break Up H4.
You did not do 1 thing right!!! Except for plotting a PTECZ.
Attached Image (click to enlarge)
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Trade the facts, not opinions.
  • #1,893
  • May 14, 2013 4:31pm May 14, 2013 4:31pm
Quoting Dadas
{quote} I think you missed the Body part. It is not the whole length but the Body which make a PTECZ. We plot it from High to Low, but recognise it by Body. {image}
Excellent, makes sense. So, the body should be shorter than the previous trend candle for it to be PTECZ. Thanks Dadas.
  • #1,894
  • Edited 5:06pm May 14, 2013 4:52pm | Edited 5:06pm
finaclefx case comment:

If you refuse to do the analysis,
if you refuse to know the potential S/R PTECZs,
if you refuse to learn Price Action,
if you refuse to see the dominating Trend,
if you refuse to wait for confirmation of Trend reverse,
you will get SL, always.

All I see is just Resistance from Top and Price bouncing Down.
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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How in the world could anybody figure out a Long, here?
I do not know?
How much was finaclefx expecting? 15 Pips?
That he could have got on his Long, if he Closed at Resistance.
Later, Entering Long at Bottom had 30 Pips potential, again
to the Resistance PTECZ.

But, the Trend was Bears, for heavens sake, it was Bears!

You do not make decisions in Consolidation, if you do not know what you are doing.
Trade the facts, not opinions.
  • #1,895
  • May 14, 2013 5:16pm May 14, 2013 5:16pm
In other words, people, this is not a method for those who think that clicking is all you must do!
This is a method for those, who want to learn and be successful in Trading!
This is a method for those who want to know what they are doing.
This is a method for those who want to be aware of what the Price is doing.

Those, who are looking for an easy Indicator Trading method should go and look somewhere else.
And come back here, when they realise that all other methods are just illusions.
Come back when you realise that understanding Price Action at its very besic level is the only
way to know what is happening on the charts and what the Price is telling us!

The hard truth is that Forex is for people with a high IQ.
There is no Universal Click and Win Nobrain Forex Trading Method.

You have got to think, and think hard!

If you think that the PTECZ is about
"I see a PTECZ, I see a Break Out, I see a retrace, so now Price must do what I want"
you are wrong, very wrong!

You must go back to Post# 1 and learn everything from the beginning.
Trade the facts, not opinions.
  • #1,896
  • May 15, 2013 5:27am May 15, 2013 5:27am
Quoting Dadas
.........There is no Universal Click and Win No brain Forex Trading Method........
Pursue the best and share to others!
  • #1,897
  • May 15, 2013 6:01am May 15, 2013 6:01am
Being consistent:
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+92.2 Pips
Trade the facts, not opinions.
  • #1,898
  • May 15, 2013 6:38am May 15, 2013 6:38am
Dadas, my today's transaction)
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as well as the M1 it looks
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my dream Australia.....
  • #1,899
  • May 15, 2013 6:48am May 15, 2013 6:48am
For those of you who might be wondering what lvoe 1.6.1 is, it is:
Luktom Visual Order Editor 1.6.1

It is an Order Manager to manage TP, SL, BE, Trailing Stop and such
directly from the chart by just moving the lines.

A very helpful, easy to use and quick way to manage your Open Orders.
Trade the facts, not opinions.
  • #1,900
  • May 15, 2013 7:03am May 15, 2013 7:03am
The same situation as yesterday!
Triple PTECZ setup!
H4, H1, M30:
Attached Image (click to enlarge)
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Trade the facts, not opinions.
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