Price Action in Day Trading by Dadas | Page 110 | Forex Factory

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Price Action in Day Trading by Dadas

  • #2,181
  • May 24, 2013 6:22am May 24, 2013 6:22am
Quoting P.Action
waiting to go below h1 ptecz. if not, i close manually with profit. wait for short oppotunity again. {image}
i closed. waiting for new short oppotunity.
  • #2,182
  • May 24, 2013 6:45am May 24, 2013 6:45am
Quoting P.Action
{quote} i closed. waiting for new short oppotunity.

i am waiting 3010 touch forecast. that will be SL hunting, after that good down movemet will come.


i write too much but i do live trading
  • #2,183
  • May 24, 2013 6:47am May 24, 2013 6:47am
Quoting P.Action
{quote} i closed. waiting for new short oppotunity.
OK, P.Action!
It is really fantastic to see how my tools can help someone who already know what they are doing!
You are one Hell of a Scalper, Man!

Just, show your Trades on chart, later.

Do not make this thread your personal log!
Trade the facts, not opinions.
  • #2,184
  • May 24, 2013 6:57am May 24, 2013 6:57am
Quoting Dadas
{quote}OK, P.Action! It is really fantastic to see how my tools can help someone who already know what they are doing!You are one Hell of a Scalper, Man! Just, show your Trades on chart, later. Do not make this thread your personal log!
no mr dadas.


i dont make personal log. i just hear your advice if there is sth wrong for first using of ptecz trader. i can delete all of them


thanks for your favour.

by now i did 24 trade and +243 pips gained today
  • #2,185
  • May 24, 2013 7:08am May 24, 2013 7:08am
Shadows indicate that
The pressure is high for sale
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 60 KB
Persian Gulf forever
  • #2,186
  • May 24, 2013 7:10am May 24, 2013 7:10am
Quoting P.Action
{quote} no mr dadas. i dont make personal log. i just hear your advice if there is sth wrong for first using of ptecz trader. i can delete all of them thanks for your favour. by now i did 24 trade and +243 pips gained today
It's OK!
Tok and some other Guys asked if there are any others who are Trading this method except for me!
So, you show them! I like it.
Just, do not keep posting short messages which look like your Trading log!

Your result is fine, but your style is crazy!
Average 10 Pips per Trade!
Better than before, 5 Pips per Trade!
Trade the facts, not opinions.
  • #2,187
  • May 24, 2013 7:21am May 24, 2013 7:21am
Quoting parsfx
EURUSD M15 {image}
Tp reached
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15tp.png Size: 45 KB
Persian Gulf forever
  • #2,188
  • May 24, 2013 7:27am May 24, 2013 7:27am
Quoting Dadas
{quote}It's OK!Tok and some other Guys asked if there are any others who are Trading this method except for me!So, you show them! I like it.Just, do not keep posting short messages which look like your Trading log! Your result is fine, but your style is crazy! Average 10 Pips per Trade!Better than before, 5 Pips per Trade!

okey it is clear mr dadas.


i hate turning into green to red. thats because i try to be conservative. i close when i like profit.
  • #2,189
  • May 24, 2013 7:32am May 24, 2013 7:32am
Quoting parsfx
{quote} Tp reached {image}
Hi parsfx,
Good.
Could you explain why you took this trade at this place and at this moment?
  • #2,190
  • May 24, 2013 7:45am May 24, 2013 7:45am
Quoting mosah
{quote} Hi parsfx,Good.Could you explain why you took this trade at this place and at this moment?
My English is not good, I explained the picture
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdh1ee.png Size: 53 KB
Click to Enlarge Name: eurusdeee.png Size: 51 KB
Persian Gulf forever
  • #2,191
  • Edited 7:57am May 24, 2013 7:46am | Edited 7:57am
Quoting mosah
{quote} Hi parsfx,Good.Could you explain why you took this trade at this place and at this moment?
mosah,

I can do that, it is very clear!
Attached Image (click to enlarge)
Click to Enlarge Name: ParsFx.png Size: 160 KB

Need more reasons?



You must learn to see this!
This is reading Price Action from Candles!
This is the only best way to know!
Trade the facts, not opinions.
  • #2,192
  • May 24, 2013 8:14am May 24, 2013 8:14am
i close my week ATM.


good profit week for me. i hope to continue next weeks. see you and good luck for everyone. time to spend some money
  • #2,193
  • May 24, 2013 8:31am May 24, 2013 8:31am
Quoting P.Action
i close my week ATM. good profit week for me. i hope to continue next weeks. see you and good luck for everyone. time to spend some money
Yes, reward yourself!
That is a very important issue!
You must reward yourself in order to justify your work!
Trade the facts, not opinions.
  • #2,194
  • May 24, 2013 9:38am May 24, 2013 9:38am
A Eur/Gbp trade using the indicator
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpm15.png Size: 42 KB
  • #2,195
  • May 24, 2013 9:48am May 24, 2013 9:48am
sold when price hit the crimson resistance level and 15 min bar gave a bearish signal. still testing the new indicator and looking forward to a series of better trades. thanks to dadas. currently demo trading
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 41 KB
  • #2,196
  • May 24, 2013 9:57am May 24, 2013 9:57am
Quoting lilies
sold when price hit the crimson resistance level and 15 min bar gave a bearish signal. still testing the new indicator and looking forward to a series of better trades. thanks to dadas. currently demo trading {image}
Thank you lilies, for your first charts!
And with the PTECZ_Trader, already!


That is the proper understanding of the idea!
You have a refference and the PA signals!

It is not the CSCZ that makes the Price Action, but
Price Action that makes the Candlesticks, CSCZ, and PTECZ.
Trade the facts, not opinions.
  • #2,197
  • Edited 10:17am May 24, 2013 9:59am | Edited 10:17am
Quoting Dadas
{quote}{image}You must learn to see this!This is reading Price Action from Candles!This is the only best way to know!
(image on post 2191)

Hi dadas,

2 observations:

1 - The image you show is an "ideal" pattern of PA. Which is very clear for me.

Have you clearly identify the formation of others patterns that we can identify after the formation of a PETCZ?

2 - The concept of PETCZ is quite "simple", is quite "easy" to see and identify. But i think, because it happens to myself, that a lot of graphs with lots of colors and lots of TF can disturb our brain. According to me thats one of the reason that some people see PA with more or less difficulties.

I observed the graph every day, and sometimes it appears to me clearly, sometimes not, i must do more effort or have more concentration, more focus. The last indicator is very good when you understand PA, but maybe have too much information or colors for beginners.
One way to understand PA, according to me, is to have a nude graph and manualy plot the PETCZ, and observe candles, the four or five last candle. Then, you can add others informations and at last the new indicator. If it can help someone...
Bottomless wonders spring from simple rules, which are repeated without end
  • #2,198
  • May 24, 2013 10:21am May 24, 2013 10:21am
Quoting limprobable
1 - The image you show is an "ideal" pattern of PA. Which is very clear for me. Have you clearly identify the formation of others patterns that we can identify after the formation of a PETCZ?
All the formations are only reading Price Action!
You do not need to identify any formations.
You need to look for Break Up/Down signals.
You need to look for rejection signals.
You need to look for retrace forming Trend.
I do not show any ideal formation, I show the real formation on the chart!

Quoting limprobable
2 - ... The last indicator is very good when you understand PA, but maybe have too much information or colors for beginners.Best way to understand PA, according to me, is to have a nude graph and manualy plot the PETCZ, and observe candles, the four or five last candle. Then, you can add others informations and at last the new indicator. If it can help someone...
That is very correct!
That is what I am posting in Red!
First, learn, then use the PTECZ_Trader!

You can not drive a car before you learn the basics!
You can not use the PTECZ_Trader if you do not even know what PTECZ is!
You can not use any Indicator, not even the Chart itself, if can not read Price Action!
You can not use the Chart for Trading, if you can not read the information contained in the Chart!

Is there anyone reading this who still does not understand why people lose money on Forex?
Trade the facts, not opinions.
  • #2,199
  • May 24, 2013 10:48am May 24, 2013 10:48am
Dada , Thank you for sharing your indicator and your trading strategy ....
I have been browsing Forexfactory forums since 2008 , year I started my trading venture , and I only joined as a member when Dada started his thread
It's the best I 've seen in a long time .. a total eye opener I must say ..
Thank you for your generosity and dedication :-)
  • #2,200
  • May 24, 2013 10:51am May 24, 2013 10:51am
Quoting Dadas
{quote}I do not show any ideal formation, I show the real formation on the chart!
That is not what you are teaching. Ok. I dont look for a formation in particular, or a pattern, i look for PETCZ. Ok.
But the fact is, that this pattern happend often when you look history. And this pattern happend sometimes after the formation of a PETCZ.

Nothing to do with that?
Bottomless wonders spring from simple rules, which are repeated without end
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