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Price Action in Day Trading by Dadas

  • #2,141
  • May 23, 2013 10:56am May 23, 2013 10:56am
mr dadas.


i want to hear your opinions about captures. (usd-jpy 1h and 5m captures) i follow candle actions. and i generally have same conclusion,


if we see firstly doji for example bullish doji(1h tf). new candle open and price go down and up quickly to obtain doji again. so it means that one of this is trap(down movement is trap for bullish doji)


what is interesting of this. last 10 minute to close 1h candle there is good action can be profitable. generally action is done in first or last 10 minutes.


i hope i can explain my ideas.


i have to go out for now. but when i come i will read your answer. today +97 pips (-58, +155)

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  • #2,142
  • May 23, 2013 12:54pm May 23, 2013 12:54pm
Quoting P.Action
mr dadas. i want to hear your opinions about captures. (usd-jpy 1h and 5m captures) i follow candle actions. and i generally have same conclusion, if we see firstly doji for example bullish doji(1h tf). new candle open and price go down and up quickly to obtain doji again. so it means that one of this is trap(down movement is trap for bullish doji) what is interesting of this. last 10 minute to close 1h candle there is good action can be profitable. generally action is done in first or last 10 minutes. i hope i can explain my ideas. i have to go...
This is my only answer, comment to your thoughts:
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Trade the facts, not opinions.
  • #2,143
  • May 23, 2013 1:51pm May 23, 2013 1:51pm
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.
Tok,

If you want to learn, you have to post your PTECZs.
You have to post your analysis the way I teach.
You have to post your Trades for me to comment.

If you only ask general questions, all you will get is general answers.

The chart is the communication language of the Forex Traders.

You want to become a successful Trader, you have got to do your homework!

If you want an Indicator to do it for you, forget it or become the Forex Donor!
Trade the facts, not opinions.
  • #2,144
  • May 23, 2013 2:53pm May 23, 2013 2:53pm
Today, a sort of scalping day.
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+162.5 Pips all together.
Trade the facts, not opinions.
  • #2,145
  • May 23, 2013 3:42pm May 23, 2013 3:42pm
Hi Dadas,
Just as feedback,your new indicator has refused to work for me.even i tried it at default settings except putting the PASSCODE,still the same.although i use window 7.So i have been going with the original PTECZ idea.Just want you to comment on my chart.the blue area is H4 PTECZ while the yellow zone is H1 PTECZ(historical),I'm waiting for a good retrace at the blue zone to LONG and target 50pips of the over 80pips apart.I'm following your path on this in any way?thanks!
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If you dont stand for something,you 'll fall for anything.
  • #2,146
  • May 23, 2013 3:49pm May 23, 2013 3:49pm
Quoting Tok
As you said, sell high, buy low.
Exactly! This is the rule!

Do you understand what it means?


Does it mean "Sell at the Top of the screen"?
Does it mean "Buy at the Bottom of the screen"?
No, No, No, No, No, No, No, No, No, No, No, No


It means Sell at the Top of the Bearish Trend!
It means Buy at the Bottom of the Bullish Trend!


It means Sell at the Tops of the Bearish Trend Retraces!
It means Buy at the Bottoms of the Bullish Trend Retraces!

Learn Price Action!
Learn Price Action!
Learn Price Action!


Learn Price Action!
Trade the facts, not opinions.
  • #2,147
  • May 23, 2013 4:01pm May 23, 2013 4:01pm
Quoting finaclefx
Hi Dadas,Just as feedback,your new indicator has refused to work for me.even i tried it at default settings except putting the PASSCODE,still the same.although i use window 7.So i have been going with the original PTECZ idea.
Our good friend Hercs seems to know a lot about the Windows7 issue.
Please, contact him on PM, maybe he can help.
Trade the facts, not opinions.
  • #2,148
  • May 23, 2013 4:03pm May 23, 2013 4:03pm
Quoting Dadas
{quote}This is my only answer, comment to your thoughts:{image}

okey! same result with different rules. i am happy for this.

i couldnt work PTECZ indi yet. i hope i will manually ptecz i do
  • #2,149
  • May 23, 2013 4:17pm May 23, 2013 4:17pm
Quoting Dadas
{quote}Our good friend Hercs seems to know a lot about the Windows7 issue.Please, contact him on PM, maybe he can help.

ok,thanks.But you have not comment on the chart.
If you dont stand for something,you 'll fall for anything.
  • #2,150
  • May 23, 2013 4:24pm May 23, 2013 4:24pm
Quoting finaclefx
So i have been going with the original PTECZ idea.Just want you to comment on my chart.the blue area is H4 PTECZ while the yellow zone is H1 PTECZ(historical),I'm waiting for a good retrace at the blue zone to LONG and target 50pips of the over 80pips apart.I'm following your path on this in any way?thanks! {image}
No, you have not been following anywhere near my path!


This is my path:

1. Because there is strong Bullish Trend on MN,
I locate the historical MN PTECZ which best fits current Price Level:
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2. I switch to W1, and look if I can find an even better fitting
historical W1 PTECZ:
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3. I switch to D1, and see if I can find another, even better PTECZ,
but I can not, because there is no historical data, so I leave the W1 PTECZ.
I look for the floor level, which I can not find on D1, because there is no
historical data, so I go back to W1 and find the historical PTECZ there:
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4. I know I can not find anything else on D1, so I go to H4,
and on the H4 I locate the current Top PTECZ.
I do not need to plot the Bottom H4 PTECZ,
because I already have the W1 PTECZ which fits very well.
I can see that Bottom H4 PTECZ and that is enough.
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5. Now I can switch to M15, for example, and I can Trade Price Action and Supply / Demand:
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I know where the Price is going most probably.
I know the Potential Stop Levels.
I can measure the Pip Potential and compare with Daily Range.
The rest is psychology!
Trade the facts, not opinions.
  • #2,151
  • May 23, 2013 4:35pm May 23, 2013 4:35pm
And, if all of you do not learn to do the above every day, always,
rechecking during the day as situation changes, always, until it becomes the daily routine,
you will always be just trying and getting nowhere!


I am telling you all this from the begining of my thread.

Some Guys left us because they refuse to Follow the PTECZ!

Others have been excluded by me, because they not only refused to
Follow the PTECZ, but critisised and abused me and everybody else.


I am showing you the way!

You are insistently refusing to go that way!

If you do not want to Follow the PTECZ, go and follow some other strategy!

I am not holding anyone here, it is your choice.

Either take it as it is, the whole thing,
or don't even try to use the method by pieces of it, because you will only lose!
Trade the facts, not opinions.
  • #2,152
  • May 23, 2013 7:24pm May 23, 2013 7:24pm
Has anyone made a Word doc or pdf file of this price action method all in one place? Are there any traders besides Dadas who are actually trading this method successfully? While I have read and re-read the first 20 pages multiple times and it seems to make sense. When I see the charts posted by others it just seems confusing. The latest charts posted by Dadas with all the colors on the chart seems more confusing than ever. I believe price action is the way to go as far trading goes. I want to make this method work but something seems to be missing. Is it just me or do others feel this way?
  • #2,153
  • Edited 9:24pm May 23, 2013 8:59pm | Edited 9:24pm
Dadas,

What SL and TP do you recommend for each TF (Daytrading, scalping, ect)?

Also, should we ALWAYS trade with the longer term trend, no matter what? Or is it ok to trade countertrends too? I know you said "Swim with the sharks", so I'm guessing we should only trade with the long-term trend?
  • #2,154
  • Edited 10:01pm May 23, 2013 9:44pm | Edited 10:01pm
Quoting jd442
Has anyone made a Word doc or pdf file of this price action method all in one place? Are there any traders besides Dadas who are actually trading this method successfully? While I have read and re-read the first 20 pages multiple times and it seems to make sense. When I see the charts posted by others it just seems confusing. The latest charts posted by Dadas with all the colors on the chart seems more confusing than ever. I believe price action is the way to go as far trading goes. I want to make this method work but something seems to be missing....
I agree. It seems like everyone is doing something different, or throwing in their own spins. Its confusing and I can't even tell who is doing it right and who isn't.

I think someone needs to explain CLEARLY, what you're supposed to do, in what situation. At the moment, its just a mess.

And the only person who seems to be having succees, is Dadas, which makes me highly skeptical of this.
  • #2,155
  • May 23, 2013 9:49pm May 23, 2013 9:49pm
And not to mention, my indicator doesn't look like what Dadas is posting.

My PTECZ are hollow lines, with NO labels. There is no indication of which PTECZ is which TF.
  • #2,156
  • May 23, 2013 10:36pm May 23, 2013 10:36pm
Some straight forward UJ supply earlier...
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  • #2,157
  • May 24, 2013 12:20am May 24, 2013 12:20am
Well I,ll vouch for this system. Thankyou Dadas. Having started it a few weeks a go it has earned me several excellent trades although I have not posted any charts to prove anything. Still figuring that.
Sure is hard to get it with all those colours but the manual PTECZ boxes are less difficult. It requires some practice, intelligent understanding and taking the instructions and many of us like to be spoon fed - some like just taking the trades as suggested and then complaining when they fail..

We need to understqnd and learn this process and take our own responsibility as it is based on such logic that it can not be wrong - only our input drives the errors. Reread the single candle theory and it is all clear. This what the market does at every level.

And all "for free". How can anyone complain about any part of this. Don't read it if you don't think it is for you.
It is increasingly working for this slow learner.
  • #2,158
  • May 24, 2013 12:26am May 24, 2013 12:26am
And maybe, with the voluminous instructions iscattered all over your screens, try making your own fully detailed PDF of the practicalities - that is a really effective learning trick much more powerful than receiving one from someone else and it will straighten out most people ( for me anyway) who want to succeed. cheers
  • #2,159
  • May 24, 2013 12:35am May 24, 2013 12:35am
Quoting Arigo444
Well I,ll vouch for this system. Thankyou Dadas. Having started it a few weeks a go it has earned me several excellent trades although I have not posted any charts to prove anything. Still figuring that.Sure is hard to get it with all those colours but the manual PTECZ boxes are less difficult. It requires some practice, intelligent understanding and taking the instructions and many of us like to be spoon fed - some like just taking the trades as suggested and then complaining when they fail.. We need to understqnd and learn this process and take...
So do you suggest we just use the custom zones indicator? The "All-in-one" indicator is way too cluttered.
  • #2,160
  • Edited 3:32am May 24, 2013 12:50am | Edited 3:32am
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