Price Action in Day Trading by Dadas | Page 103 | Forex Factory

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Price Action in Day Trading by Dadas

  • #2,041
  • May 20, 2013 1:33pm May 20, 2013 1:33pm
And, I want to hear your first impressions, your experiences, your, maybe first results?
Trade the facts, not opinions.
  • #2,042
  • May 20, 2013 2:43pm May 20, 2013 2:43pm
@jane_peters
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It has all been said in this thread!

We do not use any Trend indicators or such.
We use Price Action, Supply/Demand, PTECZ, CSCZ, sometimes TBCZ.

Learn or forget about success in Trading Forex!
Trade the facts, not opinions.
  • #2,043
  • May 20, 2013 2:56pm May 20, 2013 2:56pm
And, you see, the Price just has to get to where it has to get!
There is no other way.
It is only about how much time it takes and how patient we are!
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Trade the facts, not opinions.
  • #2,044
  • May 20, 2013 4:08pm May 20, 2013 4:08pm
I have just realised something!

I started this thread 2 months ago, March 19, 2013.

Look where we are now!

We are going at the speed of Light!

299 000 views, just short of 300 000 which will hit in a couple of hours!
Trade the facts, not opinions.
  • #2,045
  • May 20, 2013 5:54pm May 20, 2013 5:54pm
Dadas I havenīt really understood the inside trading feature (small candles inside larger ones). How do you use that? You would wait for a break up/down of the larger candle out of a PTECZ and the use the smaller candles inside for exact entries? Is that correct?
  • #2,046
  • May 20, 2013 11:15pm May 20, 2013 11:15pm
Quoting Dadas
Good news! There have been so many requests for the PTECZ_Trader, that I just couldn't keep you waiting until the weekend. I mailed them out today, just now.

that's a good news dadas ... but i still not receive a copy. so far i try this method manually.


below is my open position, is it correct according to this method?
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  • #2,047
  • May 20, 2013 11:21pm May 20, 2013 11:21pm
My first trade using the new indicator. My first chart shows the daily candle support and resistance zones. The blue area is a PTECZ from the hourly chart. Price is approaching the daily top wick, resistance, and the top of the hour PTECZ.

The second chart is the 1M chart. As you can see we're in and up trend coming to the bottom of the daily wick and the top of the 1hr PTECZ. I know if I take a short it will be a bit more risky trade then waiting for a pullback and watching for a long signal. In this case I got in a bit early, before price got to the bottom of the daily wick. Price went down for a few pips and then turned around and went straight to the bottom of the daily wick and the top of the hourly PTECZ and started to drop. I left this trade continue to the bottom of the daily wick as I wanted to see if the wick would hold as resistance and it did. Took 10 pips and got out as it was getting late in the night for me.

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  • #2,048
  • May 21, 2013 1:57am May 21, 2013 1:57am
Dadas, sorry for my bad english, but I dont understand what are this two labels, on the top and the butom, red and green? what are they represent? I se that the price is rejectet from this levels, and this is not a PTECZ , meaby this are CSCZ, but I dont understand how to react on this levels.

http://charts.mql5.com/1/601/audusd-...-limited-2.png
  • #2,049
  • May 21, 2013 2:13am May 21, 2013 2:13am
Quoting Christianfx
Dadas I havenīt really understood the inside trading feature (small candles inside larger ones). How do you use that? You would wait for a break up/down of the larger candle out of a PTECZ and the use the smaller candles inside for exact entries? Is that correct?
Pretty much correct.
Everything works just the same.
You have the Master Timeframe for current S/R/H/L CSCZ from chosen Timeframe.
You have the Slave Timeframe Candles for General Trend.
You have current PTECZs plotted by the PTECZ_Trader.
You have the Historical S/R PTECZs you plot manually.
You have your small Precision Entry chart Timeframe.

The Complete PTECZ_Trader!
Trade the facts, not opinions.
  • #2,050
  • May 21, 2013 2:15am May 21, 2013 2:15am
Oh, I think Im understand, this is CSCZ, of the last candle CSCZ.
  • #2,051
  • May 21, 2013 2:41am May 21, 2013 2:41am
Quoting Emiratez
that's a good news dadas ... but i still not receive a copy.
I got the following postmaster unable to deliver messages:
onlyrankine; feduana; puahkh; zamani

Send me a working email, you will get it.

Everybody who is asking me for PTECZ_Trader by FF messages,
I do not know if you will receive your copy?

I need a working email address from you!
Trade the facts, not opinions.
  • #2,052
  • May 21, 2013 2:49am May 21, 2013 2:49am
Quoting Emiratez
{quote} that's a good news dadas ... but i still not receive a copy. so far i try this method manually. below is my open position, is it correct according to this method? {image}
Generally, correct.
What about the outcome?
Did it work for you?

The lower Long Entry was much better.
Trade the facts, not opinions.
  • #2,053
  • May 21, 2013 3:19am May 21, 2013 3:19am
Quoting Dadas
{quote} Generally, correct. What about the outcome? Did it work for you? The lower Long Entry was much better.
YES, it works for me. the lower long entry is my OP with my live account, so far 270 pips
before i read this thread, i actually a naked trader, breakout strategy. this thread really help me to understand better.
thanks n keep posting

terima kasih, thank you

regards,
emiratez
  • #2,054
  • May 21, 2013 3:22am May 21, 2013 3:22am
Quoting ozziedave
My first trade using the new indicator. My first chart shows the daily candle support and resistance zones. The blue area is a PTECZ from the hourly chart. Price is approaching the daily top wick, resistance, and the top of the hour PTECZ. The second chart is the 1M chart. As you can see we're in and up trend coming to the bottom of the daily wick and the top of the 1hr PTECZ. I know if I take a short it will be a bit more risky trade then waiting for a pullback and watching for a long signal. In this case I got in a bit early, before price got...
OK, ozziedave, but how was that with the Trend?
Where you Closed the Short is where you should be going Long!

You never got the H1 PTECZs right.
I don't know about the Daily, but if you already optimise to H1,
that's all you need for EURUSD (H1 or H4 PTECZs).

Then you Trade according to the picture.

And, a 17inch monitor will not do the job!

Either get yourself a widescreen or put 2x17inch together and expand the platform.
Well, OK, yours is wider than 17inch, but still the picture seems too short.

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Your motto is correct!
Learn to swim with the Sharks, or a hungry one will devour you!
Trade the facts, not opinions.
  • #2,055
  • May 21, 2013 3:35am May 21, 2013 3:35am
Quoting shum
Oh, I think Im understand, this is CSCZ, of the last candle CSCZ.
They are Trading_Master_Tf CSCZ from Master_CSCZ_TF.

If your Trading_Master_Tf = 1440, then those will be the current D1 (today) CSCZ.
If your Master_CSCZ_TF = 15, they will be the Highest and Lowest CSCZ from M15 Candles of today.
They will be moving, dynamic.
One will stay, the other will be pushed until Price bounces of.

Or, sometimes, the Price will be pushing Up and Down.
Trade the facts, not opinions.
  • #2,056
  • May 21, 2013 3:40am May 21, 2013 3:40am
About PTECZ_Trader mailing:

I have sent out every one of your Saturday, Sunday and Monday requests.
Postmaster unable to deliver messages I listed above, Post# 2,051

I have no idea why some of you have not received it?

If I get new postmaster messages, I will post them for your information.

Otherwise, contact me on SKYPE.
Trade the facts, not opinions.
  • #2,057
  • May 21, 2013 4:30am May 21, 2013 4:30am
Quoting Dadas
About PTECZ_Trader mailing: I have sent out every one of your Saturday, Sunday and Monday requests. Postmaster unable to deliver messages I listed above, Post# 2,051 I have no idea why some of you have not received it? If I get new postmaster messages, I will post them for your information. Otherwise, contact me on SKYPE.
thanks Dadas
I Send a private message.
Persian Gulf forever
  • #2,058
  • Edited 7:21am May 21, 2013 6:20am | Edited 7:21am
Important:

The PTECZ_Trader ex4 file experiences some problems with Windows7.
I am sorry, but you must ask Microsoft why?

Our friend, Christianfx, is runnung it on Windows7 without problem.

He explains how he did it in Post# 2,061

Hope that works for every Windows7 user!

Ultimatelly, contact me on SKYPE.
Trade the facts, not opinions.
  • #2,059
  • May 21, 2013 6:30am May 21, 2013 6:30am
Quoting Dadas
Important: The PTECZ_Trader ex4 file does not support Windows7. I am sorry, but you must ask Microsoft why? If anyone knows how to make the ex4 file work on Windows7, please contact me or post, here. The only way to make it work on Windows7 that I know is to compile the mq4 file in Meta Editor in Windows7. But, I do not distribute the source code, sorry.

Thatīs weired. Iīm using Win 7 and it works on my computer. I followed the instructions of your user manuel
  • #2,060
  • May 21, 2013 6:40am May 21, 2013 6:40am
Quoting Christianfx
{quote} Thatīs weired. Iīm using Win 7 and it works on my computer. I followed the instructions of your user manuel
But you had some problems, too, in the begining.

Could you explain step-by-step what you did to make it work?

I have had one issue today, when one of our friends could not run the file.
It was on the chart, everything was set correct, but nothing showed until we did the compiling procedure.

What did you do, but precisely, every action from begining to success?
Trade the facts, not opinions.
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