Price Action in Day Trading by Dadas | Page 107 | Forex Factory

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Price Action in Day Trading by Dadas

  • #2,121
  • Edited 3:47am May 23, 2013 1:37am | Edited 3:47am
if that didnt happen at midnight, that would be good short opportunity.

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  • #2,122
  • May 23, 2013 2:07am May 23, 2013 2:07am
Quoting Tom57
Welcome DadasI am very interested in your:FX-NVATC_PTECZ_Trader.ex4Thank you very much hold on.Tom
I repeat, you must send me a valid email, first!
How can I send you anything, if I can not even send you any message?
Trade the facts, not opinions.
  • #2,123
  • May 23, 2013 2:31am May 23, 2013 2:31am
Quoting P.Action
if that didnt happen at midnight, that would good short opportunity. {image}
Yes, that is correct!

Just remember, we do not make money on "would be".
Trade the facts, not opinions.
  • #2,124
  • May 23, 2013 2:36am May 23, 2013 2:36am
Amazing Mr Dadas. Congratulations and well done. Looking foward to getting that many pips myself on one day soon.
  • #2,125
  • May 23, 2013 2:49am May 23, 2013 2:49am
Hello,
Today's play.
Yours.
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my dream Australia.....
  • #2,126
  • May 23, 2013 2:52am May 23, 2013 2:52am
Quoting Arigo444
Amazing Mr Dadas. Congratulations and well done. Looking foward to getting that many pips myself on one day soon.
Yes, open yourself to the free flow of energy through your account.
After all, the whole idea is producing wealth from pure energy.
You look at what really is not there, the picture on your screen.
You click at things that are really not there, the MT4 platform which is a computer program.
Energy flows to the broker's server and back to your computer.

Where does the money come from?
It is not there!
You never see it.
Yet, there are numbers on your account that you can exchange to material goods.
Paper money being those goods, as well.

How more Metaphysical can you get?
Forex is all Metaphysical!
Trade the facts, not opinions.
  • #2,127
  • May 23, 2013 2:58am May 23, 2013 2:58am
Because I got up very early, today, early for me,
I was able to take 2 relatively quick Trades:
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Maybe not a whole lot, but pretty sufficient.
+61.2 Pips
Trade the facts, not opinions.
  • #2,128
  • May 23, 2013 3:14am May 23, 2013 3:14am
Quoting Dadas
Because I got up very early, today, early for me,I was able to take 2 relatively quick Trades:{image}Maybe not a whole lot, but pretty sufficient.+61.2 Pips

Hi Dadas,
I try to understand why yo took these 2 trades.
But i don't understand. I can't see why.
No breakup, no retrace.
Could you explain.
Thanks
  • #2,129
  • May 23, 2013 3:15am May 23, 2013 3:15am
Quoting P.Action
if that didnt happen at midnight, that would good short opportunity. {image}
======

P.Action just in case you have not been able to load the new indicator which is in ex4-format, here is what to look out for:

First check and see if it has loaded under your Custom Indicators. If you cannot see it, scroll down to the bottom of your list of indicators and see if you can see the ZigZag indicator. If NOT, it means that you have too many indicators in your list. Delete some that you don't use anymore until you can see the ZigZag and then you should see the new indicator as well.

Lastly, if you do see the indicator and get it loaded onto your chart but it does not show up, make sure that you have the correct password in the correct place.

If you still have problems with it, contact me via PM.

Best wishes.
Hercs
  • #2,130
  • Edited 4:03am May 23, 2013 3:46am | Edited 4:03am
Quoting mosah
{quote} Hi Dadas,I try to understand why yo took these 2 trades.But i don't understand. I can't see why.No breakup, no retrace.Could you explain.Thanks
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I really hope for you to see!


PS.
If you look at the M30 chart, the second Entry is nearly perfect Break Out:
Attached Image
Trade the facts, not opinions.
  • #2,131
  • May 23, 2013 3:48am May 23, 2013 3:48am
Quoting Dadas
{quote}Yes, that is correct! Just remember, we do not make money on "would be".

it is corrected mr. dadas. i have pre-intermediate level english.
  • #2,132
  • May 23, 2013 4:05am May 23, 2013 4:05am
Quoting Dadas
{quote}{image}I really hope for you to see! PS. If you look at the M30 chart, the second Entry is nearly perfect Break Out:{image}
Hi Dadas,
I can see the breakup & the retrace where indicated.
But i can't see anything in circled zone where you entered the market
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  • #2,133
  • May 23, 2013 4:16am May 23, 2013 4:16am
Quoting mosah
{quote} Hi Dadas,I can see the breakup & the retrace where indicated.But i can't see anything in circled zone where you entered the market {image}
So, what is the problem if I Enter on some other retrace in the middle of the Trend
when there is still at least 100 Pips Potential to the first Potential Resistance PTECZ?

On the bottom, I was still sound asleep.
How could I have Entered there?


If you did not do the analysis and you don't know the Potential Stops,
you are in the middle of nowhere!
Trade the facts, not opinions.
  • #2,134
  • May 23, 2013 4:19am May 23, 2013 4:19am
Quoting Dadas
{quote}So, what is the problem if I Enter on some other retrace in the middle of the Trend when there is still at least 100 Pips Potential to the first Potential Resistance PTECZ? On the bottom, I was still sound asleep.How could I have Entered there?

Hi dadas,
Perfect.
No i understand
Thanks again
  • #2,135
  • May 23, 2013 6:06am May 23, 2013 6:06am
Hi Dadas,

Thanks for the new indicator. I play with it since 2 days and make 40 pips (not a lot, but enough for me). I only use PTECZ for entry and take profit at 10 pips. 4 trade / 4 wins. I probaby make more pips if i used a PTECZ for exit, but the big movements on eur/uds scared me these 2 days.

I trade since the beginning of your thread only with your concept of PTECZ.

But your new indicator show as well CSCZ, that i dont use for the moment because i dont know how exactly how to used it.

On your last trade (post 2130) it seems you dont use CSCZ.

Could you develop a little more why the CSCZ is on your new indicator or could you give me an example of how use CSCZ with PTECZ?

Thanks for all dadas.
Bottomless wonders spring from simple rules, which are repeated without end
  • #2,136
  • May 23, 2013 6:31am May 23, 2013 6:31am
OK, I think I have been using this indicator incorrectly.

I do not understand where I'm supposed to enter and exit trades, except for the colored areas on top and bottom (Which represent S/R?).

Dadas, can you please explain how this works?
  • #2,137
  • Edited 6:59am May 23, 2013 6:41am | Edited 6:59am
Quoting limprobable
Hi Dadas, Thanks for the new indicator. I play with it since 2 days and make 40 pips (not a lot, but enough for me). I only use PTECZ for entry and take profit at 10 pips. 4 trade / 4 wins.
I will tell you something!
Just make +40 Pips every day, consitently, on average.
When you double your account also double your Lot.
And just continue. Consistently.
This is enough!

Quoting limprobable
But your new indicator show as well CSCZ, that i dont use for the moment because i dont know how exactly how to used it. Could you develop a little more why the CSCZ is on your new indicator or could you give me an example of how use CSCZ with PTECZ? Thanks for all dadas.
Yes, the Master_CSCZ show the Shadows of the Highest High Candle and the Lowest Low Candle of the
Trading_Master_Tf. The Shadows are of the Candles from Master_CSCZ_Tf.
They are from the current Candle.


So, if your Trading_Master_Tf = 1440 (D1) and Master_CSCZ_Tf = 15, you will see Shadow Zone from
the Highest High M15 Candle of today and Shadow Zone of the Lowest Low M15 Candle of today.


This can serve in at least 2 ways.
1. If you find the S/R historical PTECZ and the CSCZ is inside it,
you can watch for Price bounce for Entry.
2. You can switch to H4 or higher and see how CSCZ relate to historical Price Levels,
so you can see if this is some important level.


You can, probably invent another usage by setting an equal or lower Trading_Master_Tf
than Trading_Slave_Tf. That is for you to experiment, to invent your own PTECZ system.


My tools are very versatile!
There is room for invention, if you learn how to use the tool.


Do not hesitate to experiment!


You can not break this tool.
You always have a backup copy!


Quoting limprobable
On your last trade (post 2130) it seems you dont use CSCZ.
Why do you think I closed the second Trade there?
Trade the facts, not opinions.
  • #2,138
  • May 23, 2013 6:53am May 23, 2013 6:53am
Quoting Tok
OK, I think I have been using this indicator incorrectly. I do not understand where I'm supposed to enter and exit trades, except for the colored areas on top and bottom (Which represent S/R?). Dadas, can you please explain how this works?
Hello Tok!

The whole thread is about this!

You must learn everything from the begining!

If you don't know anything about the idea, you can not use the tools!
Trade the facts, not opinions.
  • #2,139
  • May 23, 2013 7:10am May 23, 2013 7:10am
Quoting Dadas
{quote}Hello Tok! The whole thread is about this! You must learn everything from the begining! If you don't know anything about the idea, you can not use the tools!
I have read the thread, and I enter trades when it hits the red resistance, but price just keeps going and hits my SL.
I thought price was suppose to go down from there. As you said, sell high, buy low.
  • #2,140
  • May 23, 2013 7:16am May 23, 2013 7:16am
Quoting Tok
{quote} I have read the thread, and I enter trades when it hits the red resistance, but price just keeps going and hits my SL.I thought price was suppose to go down from there. As you said, sell high, buy low.
It seems you have not understood anything!
How is Price supposed to do what you want?
How is Price supposed to obey the indicator?
Can you or I or the PTECZ_Trader regulate the Price?
No, you have understood nothing!
You must go to Post# 1 and start over again, until you understand
and start applying the rules I have stated so often.
And, most of all, LEARN PRICE ACTION, LEARN to READ EVERY CANDLESTICK!
Trade the facts, not opinions.
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