Price Action in Day Trading by Dadas | Page 109 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price Will Tell - Supply/Demand Price Action Trading 1,858 replies

The Price is Right: Trading Price Action 219 replies

Price action at the core / tma intra day 5,016 replies

2 day price action 8 replies

Attachments: Price Action in Day Trading by Dadas
Exit Attachments

Price Action in Day Trading by Dadas

  • #2,161
  • May 24, 2013 1:01am May 24, 2013 1:01am
Quoting darko40
Welcome ,from what I understood about the strategy Dadasa PTECz- this is a potential place where price may do three things ,what? This is now we know from the first page and the experience .PTECZ need to receive only and exclusively as a place where we have seen PA on a smaller time interval to take decisions in a larger context interval.If I understand it the strategies that do not own thing PTECZ error that is to act as a bumper that catapult the price.

Interesting.

So from PTECZ, we then switch to a lower time frame, and look for entries in the form of bearish/bullish PA candlestick formations? And then enter the trade?
  • #2,162
  • Edited 3:29am May 24, 2013 1:04am | Edited 3:29am
Hello Guys!
What I understand about Dadas' strategy, the PTECZ is the POTENTIAL area where Price CAN do 3 things. What are they? That we know from the first page and from experience. The PTECZ should be taken only as the place where we must observe PA on a smaller Tf in order to make a decision in the context of a larger Tf. If I understand this strategy correctly, we should not misunderstand the PTECZ as a bumper or catapult for the Price. I understand, and I understand what Dadas is explaining, is that the PTECZ is the area where something may happen. When Dadas is online, he may confirm or deny what I am posting, here, but that is how I understand it.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-05-24_081503.png Size: 65 KB
my dream Australia.....
  • #2,163
  • Edited 3:16am May 24, 2013 2:17am | Edited 3:16am
Quoting Tok
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?
Tok,

I really do not like to repeat myself over and over, again.
I wrote and showed how to estimate Pip Potential.
You know your R/R, if not, learn what R/R (Risk/Reward) is!
Enter anywhere and any direction you want, as long as
you Enter Short at the Top and Long at the Bottom
and your R/R looks good!

In order to be able to "Swim with the sharks", you must know their ways,
you must understand their behaviours, you must be like them.

If you want mentoring, contact me on SKYPE.

Talking often helps some poeple!
Trade the facts, not opinions.
  • #2,164
  • May 24, 2013 2:25am May 24, 2013 2:25am
Quoting Tok
{quote} So do you suggest we just use the custom zones indicator? The "All-in-one" indicator is way too cluttered.
Tok,

This is obvious.
You have got to learn the basics first, before you can use the whole thing!
You are born, you can not even crawl.
You learn to crawl, you slowly gain strength to stand up.
You start walking, slowly, stumbling and falling, but getting up and trying again.
Then, you start walking. Finally, you can run!

You want to drive a Ferrari?
First you must learn to walk, run, the Ferrari comes later!
Trade the facts, not opinions.
  • #2,165
  • Edited 4:46am May 24, 2013 2:35am | Edited 4:46am
Quoting Tok
{quote} 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.
Tok,

Because noone can explain CLEARLY, what you're supposed to do, in what situation!
I can tell you a thousand times and you will still not know, until you can see it on the chart!
I have shown you hundreds of times and you still can not see!

Sam Seiden, the PA&S/D Guru, showed me a chart with the setup for 2-3 seconds and I realised the idea
instantly, but I already knew what the Candlestick was about, I already knew something about PA!

You can not learn to be successful at Trading Forex in a couple of weeks!
It takes a couple of years, if you are lucky.

Some people had to spend 7-13 years before they realised some things,
before they could become consistant, successful Traders.

You have just come in and you are already complaining?

Brake a couple of accounts, lose real money, show what you are about!

Otherwise, this method is not for you!
Trade the facts, not opinions.
  • #2,166
  • Edited 3:35am May 24, 2013 2:57am | Edited 3:35am
Quoting Pcm
Some straight forward UJ supply earlier... {image}
Very straightforward and very clear.

Now, explain CLEARLY to TOK, why you go Short where he would go Long?

See it the PTECZ way. I know you will see what I am talking about:
Attached Image (click to enlarge)
Click to Enlarge Name: PCm.png Size: 24 KB


BTW.
Your Entry was only based on a guess/assumption that Price would bounce of the Potential Zone.
It has nothing to do with PA.

This, I call gambling and has very little to do with knowing what you are doing.
Trade the facts, not opinions.
  • #2,167
  • May 24, 2013 3:02am May 24, 2013 3:02am
Quoting Tok
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.
Yes, the PTECZs which are plotted by the PTECZ_Trader are hollow/box rectangles.


You must plot the Support / Resistance PTECZs by yourself from history.
No Indicator can do that for you!
Or it can, but you will get a collection of opitions to chose from and you will see nothing.


You are just proving that you have not been Following the PTECZ.

You did not take my lessons, you did not apply my method!
Trade the facts, not opinions.
  • #2,168
  • May 24, 2013 3:10am May 24, 2013 3:10am
Quoting Tok
{quote} Interesting. So from PTECZ, we then switch to a lower time frame, and look for entries in the form of bearish/bullish PA candlestick formations? And then enter the trade?
That is what the PTECZ_Trader is all about:
Trading_Master_Tf;
Master_CSCZ_Tf;
Trading_Slave_Tf;
Your chart Tf;
PA;
S/D.

The whole system.
Trade the facts, not opinions.
  • #2,169
  • May 24, 2013 3:34am May 24, 2013 3:34am
Dadas,

Would these be correct PTECZ?

Attached Image (click to enlarge)
Click to Enlarge Name: PTECZ.png Size: 39 KB
  • #2,170
  • May 24, 2013 3:41am May 24, 2013 3:41am
Quoting Tok
Dadas, Would these be correct PTECZ? {image}
So, you don't even know what the PTECZ is and you want to use the PTECZ_Trader?
Attached Image (click to enlarge)
Click to Enlarge Name: Tok.png Size: 178 KB

Don't make a fool of yourself!

First learn, then apply!
Attached Image (click to enlarge)
Click to Enlarge Name: Tok1.png Size: 187 KB
Trade the facts, not opinions.
  • #2,171
  • May 24, 2013 3:59am May 24, 2013 3:59am
Quoting darko40
Hello Guys!What I understand about Dadas' strategy, the PTECZ is the POTENTIAL area where Price CAN do 3 things. What are they? That we know from the first page and from experience. The PTECZ should be taken only as the place where we must observe PA on a smaller Tf in order to make a decision in the context of a larger Tf. If I understand this strategy correctly, we should not misunderstand the PTECZ as a bumper or catapult for the Price. I understand, and I understand what Dadas is explaining, is that the PTECZ is the area where something may...
And that is exactly what I have been explaining all the way from Post# 1.
Trade the facts, not opinions.
  • #2,172
  • May 24, 2013 4:13am May 24, 2013 4:13am
In case anyone still does not understand:

PTECZ

Potential Trend Ending Consolidation Zone

Potential - something may happen, the Trend may End or not.
Trend - the general direction of a market or of the price of an asset.
Consolidation/Congestion/Range - a market situation whereby the demand of contract holders wishing to exit their existing positions exceeds the supply of willing participants wishing to enter into the offsetting position.
Zone - an area between a higher and lower level.

Otherwise, I am sorry, but obviously your IQ is not sufficient enough to Trade my method!
Trade the facts, not opinions.
  • #2,173
  • May 24, 2013 4:37am May 24, 2013 4:37am
hi mr dadas.


i install ptecz indi.


here is 1 example. waiting this pattern.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2013.05.24_12h26m56s_001_.jpg Size: 255 KB
  • #2,174
  • May 24, 2013 4:56am May 24, 2013 4:56am
@Pcm,

I do not know who your broker is, but your chart does not show the current updated version of MT4.
Attached Image (click to enlarge)
Click to Enlarge Name: PCm1.png Size: 20 KB

This fact gives me a lot to think about.
Trade the facts, not opinions.
  • #2,175
  • May 24, 2013 5:01am May 24, 2013 5:01am
Quoting P.Action
hi mr dadas. i install ptecz indi. here is 1 example. waiting this pattern. {image}
Great, P.Action!
Trade the facts, not opinions.
  • #2,176
  • May 24, 2013 5:16am May 24, 2013 5:16am
Quoting Dadas
{quote}Great, P.Action!

and i forget to say this good start with ptecz trader.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2013.05.24_13h12m04s_002_.jpg Size: 272 KB
  • #2,177
  • May 24, 2013 5:43am May 24, 2013 5:43am
and here we go. only one thing that i dizzy 1.3000 level touch possibility. but i think i sold at the top. we will see.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2013.05.24_13h39m46s_003_.jpg Size: 265 KB
  • #2,178
  • May 24, 2013 6:00am May 24, 2013 6:00am
waiting to go below h1 ptecz. if not, i close manually with profit. wait for short oppotunity again.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2013.05.24_13h59m16s_004_.jpg Size: 197 KB
  • #2,179
  • May 24, 2013 6:01am May 24, 2013 6:01am
EURUSD M15
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 64 KB
Persian Gulf forever
  • #2,180
  • May 24, 2013 6:10am May 24, 2013 6:10am
Quoting parsfx
EURUSD M15 {image}

i sold 2984. i wait the top. and pull the trigger. 2956 is important for now
4 traders viewing now