Price Action in Day Trading by Dadas | Page 114 | Forex Factory

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Price Action in Day Trading by Dadas

  • #2,261
  • May 26, 2013 8:06am May 26, 2013 8:06am
Quoting priceaction1
some testing of skill with PTECZ at one time it was 2000% but soon come to that point where it was start but 250% i not bad too. yes it is demo account. {image}
OK, nice, but this is only the result of your Skill.
It is not the result of the PTECZ Method!

In order to see this clearly, we would have to know what exactly you did and when.
We would have to analyse every Trade, both the Profit and the Loss Trades.

When you had 2000%, it was the time to withdraw at least 50% of your Profit!
And put it in a safe place!


That is the smart way to Trade on real accounts!
Trade the facts, not opinions.
  • #2,262
  • May 26, 2013 8:17am May 26, 2013 8:17am
My statement chart for the whole history of this account looks like this:
Attached Image (click to enlarge)
Click to Enlarge Name: Statement_chart.png Size: 5 KB

It also covers the period before the PTECZ.
It is clearly visible how the PTECZ affects my account.


But, again, these charts only show our skills, not the Method!
The Method does not Trade for you!
The PTECZ_Trader does not Trade for you!
You Trade, You, either Follow the PTECZ or not exactly!
Trade the facts, not opinions.
  • #2,263
  • May 26, 2013 8:34am May 26, 2013 8:34am
yes it is not PTECZ result. it is my skill, and it was early days of my introduction to PTECZ concept. but surely it is working. as it was demo account so I did some experiment that why it goes as high and also down during experiment. my point is only that PTECZ is grate tool to have for trading.
don't predict direction, but dance with flow of water
  • #2,264
  • May 26, 2013 8:43am May 26, 2013 8:43am
Quoting priceaction1
yes it is not PTECZ result. it is my skill, and it was early days of my introduction to PTECZ concept. but surely it is working. as it was demo account so I did some experiment that why it goes as high and also down during experiment. my point is only that PTECZ is grate tool to have for trading.
I understand!

I Thank Everybody for Your Support!
Trade the facts, not opinions.
  • #2,265
  • May 26, 2013 9:06am May 26, 2013 9:06am
@Tok,

The Market does not sleep:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 21 KB
Trade the facts, not opinions.
  • #2,266
  • May 26, 2013 9:18am May 26, 2013 9:18am
This chart pretty much illustrates why Day Traders should avoid over weekend Trades.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_MN.png Size: 24 KB
Trade the facts, not opinions.
  • #2,267
  • May 26, 2013 10:10am May 26, 2013 10:10am
Is this also correct pTECZ?

Attached Image (click to enlarge)
Click to Enlarge Name: PTECZ ex2.png Size: 24 KB
  • #2,268
  • May 26, 2013 10:29am May 26, 2013 10:29am
Quoting Tok
Is this also correct pTECZ? {image}
I have plotted for you some more PTECZs, those which are important, here.
Attached Image (click to enlarge)
Click to Enlarge Name: Tok3.png Size: 31 KB

You must remeber that this is only a part of the picture.
In order to get the full picture, you must follow from MN down.
Also, you must see more history.


The full analysis for EURUSD I posted here, today: Post# 2,230
Trade the facts, not opinions.
  • #2,269
  • May 26, 2013 10:57am May 26, 2013 10:57am
I have just had a thought, which I must share with You.
Especially it is for all the newbies, but not only!


It is important to read the whole thread, yes!

It is important to understand the whole thread, yes!


But, the most important thing is to analyse all the charts and all the analysis posted!
But, the most important thing is to copy each of the charts and analysis to your own charts,
following step by step!
This is the only way you will learn fast!
Copy each case to your own charts plotting what you see onto your charts, manually!

Just reading will get you nowhere!
You will be lost, your emotions will overwhelm you, you will get false conclusions.

People!
If you can not understand something, it means you have a problem,
not the author of what you are reading.

If you can admit it to yourself, you are good and you will succeed!
If you can not admit it to yourself, you can forget it!

I have tried many "wonderful" strategies in my carrier, which did not work for me.
I have never said a single bad word about the authors of those strategies.
Obviously, those strategies work for some people.
They did not work for me, so I searched on, until I found my own Method which works for me!
Trade the facts, not opinions.
  • #2,270
  • May 26, 2013 11:03am May 26, 2013 11:03am
Quoting Dadas
{quote}P.Action!I am starting to see good progress!You are very close, still messy, but close! EURUSD MN:{image}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: {image} PTECZ 3 to PTECZ 4 inside...

Hi Dadas, it must have taken you a lot of time and effort to do all this great stuff. It needs a lot of hard work, patience...
Thank you very much for your great contribution. I need to spend some time reading and trying to absorbing this great stuff...
thanks again.
  • #2,271
  • May 26, 2013 11:11am May 26, 2013 11:11am
Quoting Dadas
{quote}P.Action!I am starting to see good progress!You are very close, still messy, but close! EURUSD MN:{image}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: {image} PTECZ 3 to PTECZ 4 inside...

firstly mr dadas. thank you so much for your energy.

i think i generally understand your method. because my viewpoint is changed to price action. i came to a true picture.


from now on i need some experiences with this. i have patience. and you have patience because you answer my questions with your fully effort. thank again for this.

you asked me.
Notice the 2 lines from PTECZ_Trader, what do they tell you?

that two line shows us top and bottom 15m CSCZ, and we can see hirtorical reactions of market at that prices.
  • #2,272
  • Edited 11:28am May 26, 2013 11:15am | Edited 11:28am
Postmaster message:
"Your message cannot be delivered to the following recipients:

Recipient address: ales.krizan
Reason: Remote SMTP server has rejected address
Diagnostic code: smtp;554 5.5.1 <ales.krizan>:
Recipient address rejected: blocked using 2 dnsbls, INFO: "

Sorry, how can I deliver if I get smth like this?
Trade the facts, not opinions.
  • #2,273
  • May 26, 2013 11:19am May 26, 2013 11:19am
Quoting P.Action
{quote} firstly mr dadas. thank you so much for your energy. i think i generally understand your method. because my viewpoint is changed to price action. i came to a true picture. from now on i need some experiences with this. i have patience. and you have patience because you answer my questions with your fully effort. thank again for this. you asked me.Notice the 2 lines from PTECZ_Trader, what do they tell you? that two line shows us top and bottom 15m CSCZ, and we can see hirtorical reactions of market at that prices.
That is correct!

P.Action is a great example of one man who is not giving up!

He has taken some harsh words from me.
I have, many times, showed his PTECZs wrong.
But, finally he is getting them correct!


He has been with us for a very long time.


Keep up the good work, P.Action.
Trade the facts, not opinions.
  • #2,274
  • May 26, 2013 11:23am May 26, 2013 11:23am
Quoting ShepherdL
{quote} Hi Dadas, it must have taken you a lot of time and effort to do all this great stuff. It needs a lot of hard work, patience...Thank you very much for your great contribution. I need to spend some time reading and trying to absorbing this great stuff...thanks again.
Correct you are!

So, you can not expect to do it in a day or two.
Or a week or two, for the fact.


You must be patient and work as much as it is neccessary for you!

Thank you for your support!
Trade the facts, not opinions.
  • #2,275
  • May 26, 2013 11:23am May 26, 2013 11:23am
You are right Dadas. I let my emotions get the better of me. I need to be patient and learn as much as possible. I am trying to do this.

thank you and I am sorry for my childish posts.
  • #2,276
  • May 26, 2013 11:24am May 26, 2013 11:24am
Quoting Tok
You are right Dadas. I let my emotions get the better of me. I need to be patient and learn as much as possible. I am trying to do this. thank you and I am sorry for my childish posts.
You are on your good way!
Trade the facts, not opinions.
  • #2,277
  • May 26, 2013 11:46am May 26, 2013 11:46am
Everyone please keep posting your charts. I enjoy looking at them and seeing the PTECZ and CSCZ.
  • #2,278
  • May 26, 2013 11:53am May 26, 2013 11:53am
Quoting Dadas
I have just had a thought, which I must share with You.Especially it is for all the newbies, but not only! It is important to read the whole thread, yes! It is important to understand the whole thread, yes! But, the most important thing is to analyse all the charts and all the analysis posted!But, the most important thing is to copy each of the charts and analysis to your own charts,following step by step!This is the only way you will learn fast!Copy each case to your own charts plotting what you see onto your charts, manually! Just reading will...
Hi Dadas,
Thanks for your great works and patience teaching us!
I have followed your thread from the beginning but I was almost reading :-)
Today I try to practice by mimicking your EURUSD analysis on my own chart. That really helped me figure things out clearer.
Thanks again and keep up the good work!
  • #2,279
  • May 26, 2013 12:16pm May 26, 2013 12:16pm
Quoting xixi
{quote} Hi Dadas,Thanks for your great works and patience teaching us! I have followed your thread from the beginning but I was almost reading :-) Today I try to practice by mimicking your EURUSD analysis on my own chart. That really helped me figure things out clearer. Thanks again and keep up the good work!
And that is exactly what everyone should be doing!


Working with the chart!

Reading the text and
Working with the chart!
Trade the facts, not opinions.
  • #2,280
  • May 26, 2013 12:22pm May 26, 2013 12:22pm
Dadas, what is your opinion on news announcements? For day traders, there is a chance big moves from news could take out profits or even SL.
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