Price Action in Day Trading by Dadas | Page 99 | Forex Factory

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Price Action in Day Trading by Dadas

  • #1,961
  • May 17, 2013 8:39am May 17, 2013 8:39am
Quoting priceaction1
{image} Target all most achieved, two trades was done, one was [email protected] closed 1.5348.other is [email protected] still ruining sl now @1.5207
Maybe you could explain your logic for bedayan?
He seems to need explanation!
You could give him your clue.

I have done that many times, yet bedayan says I haven't.

I can see your way on your chart.
Also, can you put your Trades on the chart from the history?
It is better to see the Price Action then.
Trade the facts, not opinions.
  • #1,962
  • May 17, 2013 9:09am May 17, 2013 9:09am
@P.Action,
Generally, not good!
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Trade the facts, not opinions.
  • #1,963
  • Edited 9:46am May 17, 2013 9:31am | Edited 9:46am
Except for the morning Intraday Pips I decided I must test the new MT4 update,
so I opened a new demo account and ran some scalping.
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+55.2 Pips here, so far.
The new TP/SL Drag&Drop tool is very nice,
however I must modify the lvoe manager,
because there I have my default TP & SL levels,
so I like to use that without the lines being ploted.
Trade the facts, not opinions.
  • #1,964
  • May 17, 2013 10:00am May 17, 2013 10:00am
You know what, Guys?
After all I am a Jack Ars and I don't know how to Trade!

Yesterday I plotted the next Stop for GOLD, well a few days ago, really.
I was going to wait with the Entries from yesterday.
I Closed this morning because of Profit at +184 Pips.
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How many would I have got if I had waited patiently?

Many more!
Trade the facts, not opinions.
  • #1,965
  • May 17, 2013 10:35am May 17, 2013 10:35am
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That is another +30.8 Pips
+86 Pips total, now.
Trade the facts, not opinions.
  • #1,966
  • May 17, 2013 10:44am May 17, 2013 10:44am
Dadas, please can you recommend or give us the learners any literature on pdf for us to study for better understanding. I really need to know Price Action very well. Thank you for your usual assistance.
  • #1,967
  • May 17, 2013 11:18am May 17, 2013 11:18am
Quoting stnelsonn
Dadas, please can you recommend or give us the learners any literature on pdf for us to study for better understanding. I really need to know Price Action very well. Thank you for your usual assistance.
There are none.
As far as I know, goldenequity is working on compiling this knowledge into a pdf.
Everything is in this thread.
This thread is the literature.
There is even a pdf file with all Japanese Candlestick Patterns if anyone is interested,
somewhere along the way.

All you have to do is read it, study it and practise it.

As long as you are online, all the "literature" is here, available to you,
as long as FF decides to keep it on their servers!

By the way, the only way you can learn Price Action is
by watching and studying Price Action on your charts.

If you have understood the basics from the first posts, you are on your way!

Nothing else can teach you Price Action other than Price Action, itself.

Like, you learn reading by practising reading once you have learned the basics!
Trade the facts, not opinions.
  • #1,968
  • May 17, 2013 11:59am May 17, 2013 11:59am
Quoting darko40
Oh, and the birds would be plus 60 pipsów yet and is 27 so for today 61+27 =88 pipsów enough: ) a summary of tygodna PTECZEM 440 pipsów on plus 40 pipsów on minus ,mark i want to that entry is a small leaky SL maximum 15 pipsów zazwyczja 10 pipsów.I wish you all a pleasant rest and on Saturday will make a champion LECH {image}
I think this needs translation into proper English:

"So far, today 61+27= 88 Pips. Enough .
To summarise the week with the PTECZ: +440 Pips / -40 Pips
I want to stress that my Entries were all with tight SL of maximum 15 Pips, usually 10 Pips."

LECH is the local football champion team and a known beer brand.
Trade the facts, not opinions.
  • #1,969
  • May 17, 2013 12:37pm May 17, 2013 12:37pm
Well, I guess scalping is some way to go, too.
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You just have to have the right tools - Broker & Chart & Spread.
+98.3 Pips, now today +184.4 from the morning.
+282.7 Pips
Trade the facts, not opinions.
  • #1,970
  • May 18, 2013 1:27am May 18, 2013 1:27am
Dadas

I have taken your advise from page 12, post 239 and I'm starting out slow. Placed the daily zone candle on 1hr GU chart. Then I looked for the 1 hr PTECZ candles that would be meaningful for the next trading day. Any feedback would be appreciated.

Attachment
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  • #1,971
  • May 18, 2013 2:29am May 18, 2013 2:29am
Quoting ozziedave
Dadas I have taken your advise from page 12, post 239 and I'm starting out slow. Placed the daily zone candle on 1hr GU chart. Then I looked for the 1 hr PTECZ candles that would be meaningful for the next trading day. Any feedback would be appreciated. 1195762{image}
You are doing a fine job!

The lower Candle you named is Break Up Candle!
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Trade the facts, not opinions.
  • #1,972
  • May 18, 2013 5:20am May 18, 2013 5:20am
Hi Dadas,
Kindly comment on my chart,hope i got it right this time.the brown zone is D1 PTECZ while the blue zone is H4.I SHORT at the candle with a red vertical line because there was a break down of the H4 PTECZ,I think it was a right trade but i couldnt get the PIP Potential well so get just 34pips out the 81pips it actually moved from my entering point.How could i have gotten more pips there?Thanks!
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If you dont stand for something,you 'll fall for anything.
  • #1,973
  • May 18, 2013 10:02am May 18, 2013 10:02am
Quoting finaclefx
Hi Dadas, Kindly comment on my chart,hope i got it right this time.the brown zone is D1 PTECZ while the blue zone is H4.I SHORT at the candle with a red vertical line because there was a break down of the H4 PTECZ,I think it was a right trade but i couldnt get the PIP Potential well so get just 34pips out the 81pips it actually moved from my entering point.How could i have gotten more pips there?Thanks! {image}
By doing what I have always been telling you and everybody to do!
By doing the full analysis from the Top and by identifying the Potential Stops.
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I am, sorry, but this is so simple, I do not understand your problem!

And, I do not see your charts!
Trade the facts, not opinions.
  • #1,974
  • May 18, 2013 10:14am May 18, 2013 10:14am
I have been working hard on the new PTECZ_Trader,
and I am ready to share the Trial Version.

I will not issue any commercial version.

First, I have attached the FX-NVATC_PTECZ_Trader User Manual in Post# 1.

Also, I attach the User Manual, here, in this post.

I will not attach FX-NVATC_PTECZ_Trader.ex4,
but I am ready to share with only the interested ones!
Attached File(s)
File Type: pdf FX-NVATC_PTECZ_Trader_User_Manual.pdf   665 KB | 3,708 downloads
Trade the facts, not opinions.
  • #1,975
  • May 18, 2013 10:48am May 18, 2013 10:48am
Quoting Dadas
I have been working hard on the new PTECZ_Trader, and I am ready to share the Trial Version. I will not issue any commercial version. First, I have attached the FX-NVATC_PTECZ_Trader User Manual in Post# 1. Also, I attach the User Manual, here, in this post. I will not attach FX-NVATC_PTECZ_Trader.ex4, but I am ready to share with only the interested ones! {image}

Hi Dadas,
I'm interested in it.
FX-NVATC_PTECZ_Trader.ex4
Regards
  • #1,976
  • May 18, 2013 11:01am May 18, 2013 11:01am
Hy Dadas .I am interested too in Ptecz Trader!Thank you !
  • #1,977
  • May 18, 2013 12:09pm May 18, 2013 12:09pm
Quoting Dadas
I have been working hard on the new PTECZ_Trader, and I am ready to share the Trial Version. I will not issue any commercial version. First, I have attached the FX-NVATC_PTECZ_Trader User Manual in Post# 1. Also, I attach the User Manual, here, in this post. I will not attach FX-NVATC_PTECZ_Trader.ex4, but I am ready to share with only the interested ones! {image}





Good afternoon Dadas,

I am interested in FX-NVATC_PTECZ_Trader.ex4!

thank you.
best regards
  • #1,978
  • May 18, 2013 12:17pm May 18, 2013 12:17pm
Quoting mosah
{quote} Hi Dadas, I'm interested in it. FX-NVATC_PTECZ_Trader.ex4 Regards
Read the User Manual and do accordingly.
I will share your copy with you.
I can't send you PM, because you have chosen not to receive PMs.
Trade the facts, not opinions.
  • #1,979
  • May 18, 2013 12:28pm May 18, 2013 12:28pm
Quoting Dadas
I will not attach FX-NVATC_PTECZ_Trader.ex4, but I am ready to share with only the interested ones! {image}
Wonderfull dadas! Of course i am interest. Could you send me it plz. I am trully impatient to test it.

Have a Nice week end!
Bottomless wonders spring from simple rules, which are repeated without end
  • #1,980
  • May 18, 2013 1:30pm May 18, 2013 1:30pm
Notice:

I will be sharing the FX-NVATC_PTECZ_Trader.ex4 during weekends, only.
If you mail me during the week, you will have to wait until Saturday or Sunday!
Trade the facts, not opinions.
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