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Price Action in Day Trading by Dadas

  • #2,201
  • Edited 11:25am May 24, 2013 11:07am | Edited 11:25am
Quoting limprobable
That is not what you are teaching....
???????????????????????????????????????????????????????????????????
I am teaching you the basics of Price Action in Post# 1 and the next posts on page 1.
That is exactly what I am teaching!
Remember all the confusion about Engulfing or Break Out?

Quoting limprobable
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? You need to look for Break Up/Down signals.You need to look for rejection signals.You need to look for retrace forming Trend. Thats i call patterns... when the same rejection combine with break up combine with trace happens...
Call it what you want.
Or, simply read Price Action.
If you will look for Patterns, but you can not read them, you are blind.
Price does not obey Patterns.
Price creates Patterns!

Everything to do with that!
I showed you the PTECZ in the picture in Post# 2,191
That was the PTECZ which is from all previous examples.
This PTECZ was plotted by the PTECZ_Trader.
You can not see it on the image, because PTECZ_Cleanup is true, it is ON.

Everything is exactly the way I teach, except for the historical PTECZs which people refuse to plot!

You are not supposed to take example from others, who don't do it exactly my way.
You are supposed to take example from my charts!
I always have historical PTECZs plotted manually for my S/R Stops.

I show you how to do it hundreds of times.

I can not go into your mind and fix things inside it!
Attached Image

You must read Price Action inside and around the PTECZ!
You must know your Potential Stops.
You must know your Global and Local Position.



There was a strong Bullish Trend.
There was a PTECZ on that Trend.
There was a Break Down from the PTECZ.
There was a retrace to the PTECZ which made a new Trend.
There were a lot of Bearish signals to go Short.



You still don't know what I am teaching?
Trade the facts, not opinions.
  • #2,202
  • May 24, 2013 12:19pm May 24, 2013 12:19pm
hi again.

i have one question mr dadas. last candle usd-jpy weekly chart is seem current ptecz. so next wee we wait to break high or low of this candle. is it right? or we use historical ptecz ?


and this one m15 ptecz retr. opportunity maybe i enter order last h1 ptecz oppotunity


i love your indi


Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2013.05.24_20h13m28s_005_.jpg Size: 234 KB
  • #2,203
  • May 24, 2013 12:22pm May 24, 2013 12:22pm
@fxrabbi
I am receiving your emails.
I sent back the PTECZ_Trader to you, but postmaster is returning:
"Your message has been enqueued and undeliverable for 1 day
to the following recipients:

Recipient address: fxrabbi
Reason: unable to deliver this message after 1 day

The mail system will continue to try to deliver your message
for an additional 6 days."
Trade the facts, not opinions.
  • #2,204
  • May 24, 2013 12:26pm May 24, 2013 12:26pm
Quoting P.Action
hi again. i have one question mr dadas. last candle usd-jpy weekly chart is seem current ptecz. so next wee we wait to break high or low of this candle. is it right? or we use historical ptecz ? and this one m15 ptecz retr. opportunity maybe i enter order last h1 ptecz oppotunity i love your indi {image}
We use both, historical PTECZ and current PTECZ.

On current PTECZ you can get FBO, so you must be careful.
When you have also historical PTECZ, FBO is practically eliminated!

I always tell you to do historical PTECZ!

You never listen!!!
Trade the facts, not opinions.
  • #2,205
  • May 24, 2013 1:41pm May 24, 2013 1:41pm
Dadas do yo actually care how price moves away from a PTECZ? Sometimes price retraces back to the same PTECZ several times fairly quickly and one can use it again and again.

So is that something you´re looking at?

Though I´d assume it´s just price action you´re interested in?
  • #2,206
  • May 24, 2013 1:48pm May 24, 2013 1:48pm
Quoting Christianfx
Dadas do yo actually care how price moves away from a PTECZ? Sometimes price retraces back to the same PTECZ several times fairly quickly and one can use it again and again. So is that something you´re looking at? Though I´d assume it´s just price action you´re interested in?
Wow, people, do you read my posts, or you don't care?
Do you know the title of this thread?

And, if you are asking a question about PTECZ and PA, show me the case on the chart.

If you can use scalping on Price bouncing of a PTECZ, go ahead and show us some Trade examples!

I use the CSCZ, Zone Candles, PTECZ, PA & S/D.

If you can not see that on my charts, well, sorry, but I am doing my best to help you.

What are you doing to help yourselves?
Trade the facts, not opinions.
  • #2,207
  • May 24, 2013 2:04pm May 24, 2013 2:04pm
Quoting Dadas
{quote}We use both, historical PTECZ and current PTECZ. On current PTECZ you can get FBO, so you must be careful.When you have also historical PTECZ, FBO is practically eliminated! I always tell you to do historical PTECZ! You never listen!!!
What does FBO means ?
  • #2,208
  • May 24, 2013 2:13pm May 24, 2013 2:13pm
Sometimes you have got to hold it out until the end.
GOLD wasn't very generous, today.
In the morning I took 2 Trades, but both got Trailing Stopped.
So, I ended up with +29 Pips.
I was hoping for some bigger Bear movement, but Price was very lazy.
I Entered 5 Shorts, Price danced retracing and coming back,
always making lower highs, but not lower lows.
Finally, I took down my SLs to Profit, and they got triggered.
I left one Trade floating. And, yes, you can see.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd-m5-fxsalt-ltd.png Size: 79 KB

+110.7 Pips


I hope you can see the logic on this image:
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd-m30-fxsalt-ltd.png Size: 78 KB
Trade the facts, not opinions.
  • #2,209
  • May 24, 2013 2:14pm May 24, 2013 2:14pm
Quoting P.Action
{quote} What does FBO means ?
False Brake Out
Trade the facts, not opinions.
  • #2,210
  • May 24, 2013 2:36pm May 24, 2013 2:36pm
Quoting Dadas
{quote}False Brake Out
okey.

if i enter retrc. level. i wait pull the trigger level. i have to see before BO's low or high break.

Attached Image
  • #2,211
  • May 24, 2013 2:55pm May 24, 2013 2:55pm
Quoting P.Action
{quote} okey. if i enter retrc. level. i wait pull the trigger level. i have to see before BO's low or high break. {image}
Attached Image

Two H4 PTECZs:
1. Green - historical (what looks like the background - compare with screens above),
2. FireBrick box - current.
My first Entry after FBO was low, but the move was strong,
so I hoped for stronger move down because of hour and Potential.
You would close that move already when it was down.
But, I was waiting for big Pips.
Second Short was the proper one, on retrace, though still earlier than I teach.
I teach the ideal Entry, I can not always do that!
Again, if I were in the scalping mood, I would close that one, too, not wait.
I was in the waiting mood, today. The Price was in the waiting mood, too.
Trade the facts, not opinions.
  • #2,212
  • May 24, 2013 3:21pm May 24, 2013 3:21pm
Quoting Dadas
{quote}{image}Two H4 PTECZs:1. Green - historical (what looks like the background - compare with screens above),2. FireBrick box - current.My first Entry after FBO was low, but the move was strong,so I hoped for stronger move down because of hour and Potential.You would close that move already when it was down.But, I was waiting for big Pips.Second Short was the proper one, on retrace, though still earlier than I teach.I teach the ideal Entry, I can not always do that!Again, if I were in the scalping mood, I would close that one, too, not wait.I...
i close mr dadas. because i hate turning into green to red.


one day i will wait too. if my balance go to good quanttity for me.


this is my FBO protective method. with your example.


BTW. I congrulate for all your profit trades.

Attached Image
  • #2,213
  • May 24, 2013 3:33pm May 24, 2013 3:33pm
Quoting P.Action
{quote} i close mr dadas. because i hate turning into green to red. one day i will wait too. if my balance go to good quanttity for me. this is my FBO protective method. with your example. BTW. I congrulate for all your profit trades. {image}
Thank you!

Yes, that is a method, but the move can be so fast that you can not react so fast!
Or, it takes some time, 2 seconds or more - that can be your SL or worse!
There are times, when you can not even see the move, because it is so fast,
you just see the whole candle, suddenly. And it can be even 100 Pips.
Trade the facts, not opinions.
  • #2,214
  • May 24, 2013 3:47pm May 24, 2013 3:47pm
Quoting Dadas
{quote}Thank you! Yes, that is a method, but the move can be so fast that you can not react so fast!Or, it takes some time, 2 seconds or more - that can be your SL or worse!There are times, when you can not even see the move, because it is so fast, you just see the whole candle, suddenly. And it can be even 100 Pips.
i accept all your words.


but i have 1 survive method for FBO. it can be any time. if i succeed to understand FBO. i can close my order, maybe in profit. or hit my SL like every trade possibility.


but i try to comply your advise. more priority to historical ptecz than current one.
  • #2,215
  • May 24, 2013 8:44pm May 24, 2013 8:44pm
Thank Mr Dadas,
Here is my first screenshot.
Yesterday, before I went to work, I saw PTECZ on H4 and the break down (lucky me it's not FBD), so I go short for it.

close yesterday with +43 pips

total in 2 days using your method got +185 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 316 KB
  • #2,216
  • May 24, 2013 10:10pm May 24, 2013 10:10pm
Hello Dadas,

I am learning Price Action concept, thanks to you. I am interested in the FX-NVATC_PTECZ_Trader.ex4.

Thank you very much.

Have a nice day.
  • #2,217
  • May 25, 2013 2:12am May 25, 2013 2:12am
Quoting abianfx
Thank Mr Dadas,Here is my first screenshot.Yesterday, before I went to work, I saw PTECZ on H4 and the break down (lucky me it's not FBD), so I go short for it. close yesterday with +43 pips total in 2 days using your method got +185 pips {image}
Very good!
I know you are still learning,
and you are not sure if you are doing the right thing,
but look at my comment screen:
Attached Image (click to enlarge)
Click to Enlarge Name: abianfx.png Size: 361 KB

From H1 point of view, if I can not see any other Tf,
you did exactly the right thing!
The upper PTECZ is the interpretative kind of PTECZ,
but you mention you saw a PTECZ on H4.
And, you Entered Short on Trend confirmation!
If you considered Daily Range and measured Pip Potential,
everything was perfect!
Why didn't your TP get triggered?
Because it was lower at the begining?
Because you did not measure Pip Potential by ADR?
When you came back from work, all you had to do
was find the H1 PTECZ which I plotted, and you would know what is happening.
You could have waited until your TP was triggered, or Close at the bottom.


Even if you had only Follwed the H1 PTECZ, you would be good!
Attached Image (click to enlarge)
Click to Enlarge Name: abianfx1.png Size: 355 KB

Now, what if you had these PTECZs, knew the Trend, knew the Daily Range Pip Potential,
and entered Short from M1 chart?
Trade the facts, not opinions.
  • #2,218
  • May 25, 2013 4:48am May 25, 2013 4:48am
Dadas,


Is this correct PTECZ?

Attached Image (click to enlarge)
Click to Enlarge Name: PTECZ 2.png Size: 39 KB
  • #2,219
  • May 25, 2013 5:50am May 25, 2013 5:50am
Quoting Tok
Dadas, Is this correct PTECZ? {image}
PTECZ is High to Low of the PTECZ Candle!
Attached Image (click to enlarge)
Click to Enlarge Name: Tok.png Size: 179 KB
Trade the facts, not opinions.
  • #2,220
  • May 25, 2013 6:21am May 25, 2013 6:21am
Quoting Dadas
{quote}Very good! I know you are still learning, and you are not sure if you are doing the right thing,but look at my comment screen:{image}From H1 point of view, if I can not see any other Tf,you did exactly the right thing!The upper PTECZ is the interpretative kind of PTECZ,but you mention you saw a PTECZ on H4.And, you Entered Short on Trend confirmation!If you considered Daily Range and measured Pip Potential,everything was perfect! Why didn't your TP get triggered?Because it was lower at the begining?Because...
Hi Dadas,
Please how is that upper PTECZ a real PTECZ?Because itsnt anyway opposite the previous candle except it was shorter.
If you dont stand for something,you 'll fall for anything.
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