Price Action in Day Trading by Dadas | Page 116 | 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

  • #2,301
  • May 26, 2013 7:10pm May 26, 2013 7:10pm
Quoting P.Action
no mans land 10 pips scalp. done by m30 ptecz. i got 10 pips from 22 pips. good start for new week. {image}

Can you please explain it to me how did you make that chart so nice with those greenish colors like that thank you.
  • #2,302
  • May 26, 2013 8:33pm May 26, 2013 8:33pm
Hi Dadas,
I tried mimicking you earlier this morning using UJ since it was asia open.Kindly comment on my charts.
USDJPY MN:
Here i constructed the important PTECZs,the red and green lines represent the current price and the low of that candle respectively,i'm interested in that zone because i'm a day trader.
USDJPY W1:
I switched to weekly too see if i can get a better direction,I got a PTECZ-the below yellow area and the upper yellow zone was a TBCZ(hope I got that right).Also I was able to get the pip potential which is about 427pips apart.
USDJPY D1:
Looking at daily chart I begin to see some green lights,price action is below the upper yellow area-TBCZ.
USDJPY H4:
Moving down to H4,though a bit squeezed because of zoning.current candle is trading below the same yellow upper zone.Dadas,according to your teachings I think from this junction I can see where price action is heading to and I would enter at the close of the current H4 candle on H1 chart.
I'm expecting your comments however they may be,cheers!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: MN1.png Size: 29 KB
Click to Enlarge Name: WK1.png Size: 30 KB
Click to Enlarge Name: D1.png Size: 29 KB
Click to Enlarge Name: H4.png Size: 31 KB
If you dont stand for something,you 'll fall for anything.
  • #2,303
  • May 26, 2013 9:15pm May 26, 2013 9:15pm
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,

Thanks for showing us again the analysis. My question is what are the criteria for choosing the best fit historical PTECZ. I have marked some PTECZs as shown in the charts asking why not these PTECZs?

I also observed that the current candle must not close inside the chosen historical PTECZs. Is this one of the criteria?

Thank you
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.png Size: 197 KB
Click to Enlarge Name: 2.png Size: 161 KB
Click to Enlarge Name: 3.png Size: 166 KB
  • #2,304
  • May 26, 2013 9:21pm May 26, 2013 9:21pm
Quoting Tradertpl
{quote} Hi Dadas, Thanks for showing us again the analysis. My question is what are the criteria for choosing the best fit historical PTECZ. I have marked some PTECZs as shown in the charts asking why not these PTECZs? I also observed that the current candle must not close inside the chosen historical PTECZs. Is this one of the criteria? Thank you {image} {image} {image}
How do you make those lines and boxes colored like that I can't do it?
  • #2,305
  • May 26, 2013 9:28pm May 26, 2013 9:28pm
Quoting Trader2000
{quote} How do you make those lines and boxes colored like that I can't do it?
I am using Greenshot for screen shot. Just google and download this software. Very easy to use.

Regards
  • #2,306
  • May 27, 2013 2:03am May 27, 2013 2:03am
Dadas,

Is this correct?

I plotted PTECZ with some CSCZ in TF up to H4. This is the Monthly overview.

Attached Image (click to enlarge)
Click to Enlarge Name: correct.png Size: 43 KB
  • #2,307
  • May 27, 2013 2:06am May 27, 2013 2:06am
Quoting Trader2000
{quote} Can you please explain it to me how did you make that chart so nice with those greenish colors like that thank you.

here is my thoughts.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2013.05.27_01h50m34s_001_-.jpg Size: 234 KB
  • #2,308
  • Edited 4:22am May 27, 2013 2:12am | Edited 4:22am
Quoting Tok
Dadas, Is this correct? I plotted PTECZ with some CSCZ in TF up to H4. This is the Monthly overview. {image}
In my opinion MN PTECZ should be so:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.armmonthly.png Size: 58 KB
my dream Australia.....
  • #2,309
  • May 27, 2013 2:21am May 27, 2013 2:21am
Quoting P.Action
{quote} here is my thoughts. {image}

and i follow this one.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2013.05.27_10h15m47s_002_.jpg Size: 292 KB
  • #2,310
  • Edited 3:59am May 27, 2013 3:07am | Edited 3:59am
Quoting Tradertpl
{quote} Hi Dadas, Thanks for showing us again the analysis. My question is what are the criteria for choosing the best fit historical PTECZ. I have marked some PTECZs as shown in the charts asking why not these PTECZs?
Attached Image (click to enlarge)
Click to Enlarge Name: Tradertpl.png Size: 134 KB

Quoting Tradertpl
I also observed that the current candle must not close inside the chosen historical PTECZs. Is this one of the criteria? Thank you {image} {image} {image}
Please, do not make your own rules!
It is always the one which best fits the current Price Levels
narrowed down to the reasonable Daily Range!
Or, whatever you are Trading other than the Day!
Attached Image (click to enlarge)
Click to Enlarge Name: Tradertpl1.png Size: 108 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Tradertpl2.png Size: 109 KB



You are, also mixing PTECZ with TBCZ!
Trade the facts, not opinions.
  • #2,311
  • May 27, 2013 3:16am May 27, 2013 3:16am
Quoting Trader2000
{quote} How do you make those lines and boxes colored like that I can't do it?
1. Are you using the FX_NVATC_Default.tpl template from Post# 1?
2. The rectangles you plot manually:
Attached Image

Attached Image

The PTECZs plotted by PTECZ_Trader are boxes.
The PTECZs yopu plot manually are what you want them to be.
You can choose your own colors.


PS.
I am using FastStone Capture.
Attached Image
Trade the facts, not opinions.
  • #2,312
  • May 27, 2013 3:23am May 27, 2013 3:23am
Quoting Tok
Dadas, Is this correct? I plotted PTECZ with some CSCZ in TF up to H4. This is the Monthly overview. {image}
Dadas?
  • #2,313
  • May 27, 2013 3:40am May 27, 2013 3:40am
Does it work? works today so only a small flow scale.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.armm1.png Size: 70 KB
my dream Australia.....
  • #2,314
  • May 27, 2013 3:42am May 27, 2013 3:42am
Quoting finaclefx
Hi Dadas,I tried mimicking you earlier this morning using UJ since it was asia open.Kindly comment on my charts.USDJPY MN:Here i constructed the important PTECZs,the red and green lines represent the current price and the low of that candle respectively,i'm interested in that zone because i'm a day trader.USDJPY W1:I switched to weekly too see if i can get a better direction,I got a PTECZ-the below yellow area and the upper yellow zone was a TBCZ(hope I got that right).Also I was able to get the pip potential which is about 427pips apart.USDJPY...
Finally, you are getting there!
Just a few little adjustments for MN chart:
Attached Image (click to enlarge)
Click to Enlarge Name: finaclefx_mn.png Size: 118 KB

You see, the PTECZ for current Level should be historical, first.
Then, the current ones.
So, maybe you don't need to use TBCZ if you have historical PTECZ.
Sometimes you need to look very far back on lower Tfs.
Sometimes, there isn't any history or the Price is at All Time Level,
then you must use what is current.
Trade the facts, not opinions.
  • #2,315
  • May 27, 2013 3:48am May 27, 2013 3:48am
Quoting Tok
Dadas?
Man, you have got to wait your turn!
If you are going to push me, I will test your patience!
You might have to wait very long!

Quoting Tok
Dadas, Is this correct? I plotted PTECZ with some CSCZ in TF up to H4. This is the Monthly overview. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Tok.png Size: 179 KB
Trade the facts, not opinions.
  • #2,316
  • May 27, 2013 3:55am May 27, 2013 3:55am
Quoting Dadas
{quote}Man, you have got to wait your turn!If you are going to push me, I will test your patience!You might have to wait very long! {quote}{image}
I'm sorry. Thank you Dadas.

I saw that mistake before you posted it and changed it myself.

I am learning well.
  • #2,317
  • May 27, 2013 4:28am May 27, 2013 4:28am
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, I only have read the first 10 pages. I don't know whether you had shared your indicator PTECZ_Trader in the following pages... If not, I have PMed you.
Could you please send one copy to me, if it is OK for you? Thanks~
  • #2,318
  • May 27, 2013 5:00am May 27, 2013 5:00am
Quoting Dadas
{quote}{image}{quote}Please, do not make your own rules!It is always the one which best fits the current Price Levelsnarrowed down to the reasonable Daily Range!Or, whatever you are Trading other than the Day!{image}{image} You are, also mixing PTECZ with TBCZ!

Noted and thanks
  • #2,319
  • May 27, 2013 5:12am May 27, 2013 5:12am
Quoting ShepherdL
{quote} Hi, Dadas, I only have read the first 10 pages. I don't know whether you had shared your indicator PTECZ_Trader in the following pages... If not, I have PMed you.Could you please send one copy to me, if it is OK for you? Thanks~
I have received your email through FF and I have sent a copy back.
However, I do not know if it will work through FF.
It is better if you send an email from your email client directly.
Or, contact me on SKYPE.
Trade the facts, not opinions.
  • #2,320
  • May 27, 2013 5:18am May 27, 2013 5:18am
Postmaster messages:

"Your message has been enqueued and undeliverable for 1 day
to the following recipients:

Recipient address: swede5150
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."

"Your message has been enqueued and undeliverable for 1 day
to the following recipients:

Recipient address: linrj312
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.
1 trader viewing now