Price Action in Day Trading by Dadas | Page 112 | 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

  • #2,221
  • May 25, 2013 6:21am May 25, 2013 6:21am
Quoting Dadas
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!
Yes, Mr. Dadas, exactly right, I am still learning a lot.
Btw I have a question from your first image about the top PTECZ above.
It is not a shorter opposite candle as I read from first page :
"Where is the Begining of the Price Consolidation, then?
All we have to do, is turn the pattern around.
When we see a shorter opposite Candle after a longer Trend direction Candle,
this is the the Begining of the Price Consolidation."

so I didn't see that as a PTECZ. Please correct me if i was wrong!

This is what I saw in H4 as i mentioned before
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 22 KB


Quoting Dadas
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!
Yes, I set TP too lower and i didn;t see the ADR. I'll keep to learn those thing and the best time to exit the market.

Quoting Dadas
Now, what if you had these PTECZs, knew the Trend, knew the Daily Range Pip Potential,and entered Short from M1 chart?
I think i will got more pips

Mr. Dadas, One more Question, I want to use your indicator for daily trading, so I set Trading Master and Slave TF as below, Am I correct?

Attached Image


thanks Again.
  • #2,222
  • May 25, 2013 6:45am May 25, 2013 6:45am
Quoting finaclefx
{quote} Hi Dadas,Please how is that upper PTECZ a real PTECZ?Because itsnt anyway opposite the previous candle except it was shorter.
Please, read my posts with understanding of every word!
Trade the facts, not opinions.
  • #2,223
  • May 25, 2013 6:50am May 25, 2013 6:50am
Quoting abianfx
Btw I have a question from your first image about the top PTECZ above.It is not a shorter opposite candle as I read from first page ... so I didn't see that as a PTECZ. Please correct me if i was wrong!
As I wrote above!
Do you understand "interpretative"?
If not, use the web and translate!


If I saw the H4 PTECZ, I wouldn't need the H1.
I described the picture from H1 point of view.
If I see an interpretative PTECZ on H1, I check H4, M30 if I can find a real PTECZ.

Quoting abianfx
One more Question, I want to use your indicator for daily trading, so I set Trading Master and Slave TF as below, Am I correct? {image} thanks Again.
That looks fine, but you must experiment!
Trade the facts, not opinions.
  • #2,224
  • May 25, 2013 8:02am May 25, 2013 8:02am
Quoting Dadas
As I wrote above! Do you understand "interpretative"? If not, use the web and translate! If I saw the H4 PTECZ, I wouldn't need the H1. I described the picture from H1 point of view. If I see an interpretative PTECZ on H1, I check H4, M30 if I can find a real PTECZ.
I am sorry, I misunderstood your words. it's clear now
  • #2,225
  • May 25, 2013 5:12pm May 25, 2013 5:12pm
Good night for everyone.


i did one weekend outlook for EUR-USD


i thank to hear your comments mr dadas.

monthly

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2013.05.26_00h21m08s_001_.jpg Size: 263 KB


weekly

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2013.05.26_00h23m19s_002_.jpg Size: 275 KB


daily

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2013.05.26_00h24m26s_003_.jpg Size: 262 KB


h4

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2013.05.26_00h25m29s_004_.jpg Size: 263 KB


h1

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2013.05.26_00h59m43s_009_.jpg Size: 272 KB
  • #2,226
  • Edited May 26, 2013 12:26am May 25, 2013 11:55pm | Edited May 26, 2013 12:26am
After studying this chart:

http://www.fx-nvatc.comeze.com/chart...i/image019.gif

I think I understand.
  • #2,227
  • May 26, 2013 12:41am May 26, 2013 12:41am
Is this correct now Dadas?

Attached Image (click to enlarge)
Click to Enlarge Name: PTECZ3.png Size: 32 KB
  • #2,228
  • Edited 1:22am May 26, 2013 1:08am | Edited 1:22am
Ok, here is another one I did.

Is it all correct, or am I still doing it wrong? It seems like there are too many PTECZ, or is this correct?

Attached Image (click to enlarge)
Click to Enlarge Name: PTECZ4.png Size: 42 KB



And what are those red/blue zones that the indicator plots ? Are the CSCZ?

Also, If there is a PTECZ inside those zones, does that mean we should be careful when buying/selling those zones, as price may consolidate and retrace?

Thanks.
  • #2,229
  • May 26, 2013 1:47am May 26, 2013 1:47am
Another for USDJPY

Attached Image (click to enlarge)
Click to Enlarge Name: PTECZ5.png Size: 36 KB
  • #2,230
  • May 26, 2013 3:01am May 26, 2013 3:01am
Quoting P.Action
Good night for everyone. i did one weekend outlook for EUR-USD i thank to hear your comments mr dadas. monthly {image} weekly {image} daily {image} h4 {image} h1 {image}
P.Action!
I am starting to see good progress!
You are very close, still messy, but close!


EURUSD MN:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-mn1-admiral-markets-as-2.png Size: 75 KB

PTECZs make channels for Price - can you see?
You recognise the Trend by Price Action, by Break Candles.
Both, Break-Engulfing Candles and Break Out of PTECZ Candles.
Even on this MN context I can see where Price retraced back to PTECZ.
Notice the 2 lines from PTECZ_Trader, what do they tell you?
For Day Trading, we are only interested in PTECZ 3 and 4.



EURUSD W1:
When you switch to W1, you already see this:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-w1-admiral-markets-as.png Size: 78 KB

PTECZ 3 to PTECZ 4 inside ca. 450 Pips.
This is the Monthly Trading context, right? 4-5 Weeks to get the 450 Pips.
For the Day Trader this is important information!
You can see what the Price is doing! WOW!


But, the Daily Range for EURUSD is ca. 90-100 Pips.
So, we are not really interested in those MN PTECZs for Day Trading.
We are interested in them to see the Price Action and what Price is doing!
This is part of the Global Positioning!


Now, we continue to find the Local Positioning!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-w1-admiral-markets-as-2.png Size: 78 KB

We find the current W1 ceiling PTECZ 6.
We find the current W1 floor PTECZ 7.



Now, switch to D1 and see this picture:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-d1-admiral-markets-as.png Size: 75 KB

We look if there are any better fitting PTECZs.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-d1-admiral-markets-as-2.png Size: 74 KB

We can adjust-opitimise the W1 floor PTECZ 7 to D1 floor PTECZ 7.
We can keep the W1 ceiling PTECZ 6.
Our Crimson CSCZ from PTECZ_Trader is showing us where the Price is in history (PTECZs).
Just look to the left and see what that is telling you!


Now, switch to H4 and see this picture:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-admiral-markets-as-7.png Size: 75 KB

I don' know if you still need any more PTECZs to plot?
Maybe, you can just see them, by now?
So, we need to look closely:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-admiral-markets-as-8.png Size: 76 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-admiral-markets-as.png Size: 83 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15-admiral-markets-as-4.png Size: 72 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m5-admiral-markets-as.png Size: 73 KB

Now, you get it?
Or, you still don't?
Trade the facts, not opinions.
  • #2,231
  • May 26, 2013 3:18am May 26, 2013 3:18am
Quoting Tok
Is this correct now Dadas? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Tok.png Size: 32 KB

Remember:
Historical PTECZ on Bearish Trend for current Bearish Trend!
Historical PTECZ on Bullish Trend for current Bullish Trend!
Trade the facts, not opinions.
  • #2,232
  • May 26, 2013 3:25am May 26, 2013 3:25am
Quoting Tok
Another for USDJPY {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Tok1.png Size: 179 KB
Trade the facts, not opinions.
  • #2,233
  • May 26, 2013 3:54am May 26, 2013 3:54am
Quoting Dadas
{quote}{image}Remember:Historical PTECZ on Bearish Trend for current Bearish Trend!Historical PTECZ on Bullish Trend for current Bullish Trend!
I'm sorry, I do not understand this. Can you explain more?
  • #2,234
  • Edited 4:37am May 26, 2013 4:05am | Edited 4:37am
P.Action,
Following, because I can not post more attachments to one post:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15-admiral-markets-as.png Size: 80 KB

The PTECZ_Trader is plotting the chosen current PTECZ.
So, there is the current H4 PTECZ.
You have the Picture, you know the Global and Local Position.
Now, you still need to read the same Price Action.
Where you Enter, is up to you,
as long as you are in the right direction
and you follow the Top - Bottom Rule!


Just don't make conclusions for Monday,
because we don't have the Saturday and Sunday picture!
Trade the facts, not opinions.
  • #2,235
  • May 26, 2013 4:22am May 26, 2013 4:22am
Quoting Tok
{quote} I'm sorry, I do not understand this. Can you explain more?
Tok,
If you don't understand this, it means you don't understand what Consolidation/Congestion/Range is.
If you don't understand this, it means you don't understand how the Market works.
This also means, that maybe you have read the whole thread, but you understood nothing!
This means that you should not Trade in Forex!
If you do not understand what Consolidation is and how the Market works,
you do not understand how to Trade the PTECZ, you do not understand Price Action,
you do not understand Supply / Demand.
Again, you should not Trade in Forex!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-admiral-markets-as.png Size: 72 KB
Trade the facts, not opinions.
  • #2,236
  • May 26, 2013 4:39am May 26, 2013 4:39am
Quoting Dadas
{quote}Tok,If you don't understand this, it means you don't understand what Consolidation/Congestion/Range is.If you don't understand this, it means you don't understand how the Market works.This also means, that maybe you have read the whole thread, but you understood nothing!This means that you should not Trade in Forex!If you do not understand what Consolidation is and how the Market works,you do not understand how to Trade the PTECZ, you do not understand Price Action,you do not understand Supply / Demand.Again, you should not Trade in Forex!{image}...
Oh I'm sorry, I thought you were referring to the PTECZ that i plotted, not the ones that the indicator already plotted.

Thank you.
  • #2,237
  • May 26, 2013 4:50am May 26, 2013 4:50am
Quoting Tok
{quote} Oh I'm sorry, I thought you were referring to the PTECZ that i plotted, not the ones that the indicator already plotted. Thank you.
The PTECZ_Trader does not plot historical PTECZ!
You must plot important historical Floor/Ceiling PTECZs manually!


In order to plot them correctly, you must follow the rule:


Historical Bearish Trend PTECZs for current Bearish Trend Floor/Support!
Historical Bullish Trend PTECZs for current Bullish Trend Ceiling/Resistance!
Trade the facts, not opinions.
  • #2,238
  • May 26, 2013 5:22am May 26, 2013 5:22am
Quoting Dadas
{quote}{image}Remember:Historical PTECZ on Bearish Trend for current Bearish Trend!Historical PTECZ on Bullish Trend for current Bullish Trend!
Ok, I'm sorry Dadas but this system is and your "PTECZ" is starting to sound extremely stupid and fake.

So according to you, EURUSD is going to be in consolidation for almost the whole chart?

I think you're teaching people the wrong things here...

PA is good, but this PTECZ you have made up makes no sense, and I'm guessing there is a reason no one else uses it.
  • #2,239
  • May 26, 2013 5:23am May 26, 2013 5:23am
http://www.forexfactory.com/attachme...1&d=1369556230

If you show this chart to any experienced trader, and tell them that the zones marked are when price may consolidate, they will laugh.

Price does not consolidate for 90% of the chart as you have marked and been teaching in this thread...
  • #2,240
  • May 26, 2013 5:29am May 26, 2013 5:29am
Not to mention, that if price was going to consolidate as much as your chart marking shows, then how is anyone going to make good pips? It wouldn't be possible, since price would be inside pTECZ 90% of the time..
3 traders viewing now