Price Action in Day Trading by Dadas | Page 123 | Forex Factory

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Price Action in Day Trading by Dadas

  • #2,441
  • May 28, 2013 12:06pm May 28, 2013 12:06pm
Dadas,

Pardon me if you have already answered the question. Intraday, do you give weight to looking for PTECZ's/TBCZ's or you stick to your analysis from day/days before?.

Intraday, can be helpful but certainly adds more noise and messes up your set up from day/days before. I find when the range is wider than normal, it comes in to play. Example ES ATR (14 day) is 17 and range today is 22 as of now or for that matter it was 40, 4 days ago.

Second question, (all the posts that related to Engulfing understanding, to me it was always as you understood ie body only encloses the body of the previous candle), if the body is wider (not less or equal) than the previous candle ie skewed, to me that is Breakout or Breakdown (I still would call it Engulfing) - do you concur?

Third question, have you used your methodology with market profile? I am observing PA in addition to these levels. Very interesting.

I am forced to create everything as I cannot use your templates. Advantage, hard as it may be, gives me as a byproduct great practice in drawing Zone Candle colors, PTECZ's and TBCZ. I do it everyday with eminis I trade.

Thanks, Dadas.
  • #2,442
  • May 28, 2013 1:00pm May 28, 2013 1:00pm
i think i sold at the top

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  • #2,443
  • May 28, 2013 1:20pm May 28, 2013 1:20pm
Quoting P.Action
i think i sold at the top {image}
P.action why did you take that position?
  • #2,444
  • May 28, 2013 1:56pm May 28, 2013 1:56pm
Quoting Tok
{quote} Ok enough is enough. Not a single person in this thread is making good pips. Every other thread has many NEWBIES who have all learned to make profits off the system. Even the more experienced guys are losing in this thread. No wonder this thread has no one participating.
Tok
Don't know how long u have been trading, But these is toughest business, there r a lot of thing involed
what time of the day u r trading
what day of the week
what week of the month
what new's is going to do
what r the big guy's with the fat finger's going to do
& ton's of other stuff
No system will work for u till u develop ur sixth sense in trading which takes a long time & a lot of practice
Mr Dadas over here has given us every thing for free, read read & read till u understand & hammer everything into you head
Look at Darko40, P.Action they r in this business for a long time but still Humble & still learning
As far as participating, i am here everyday reading every thing over & over again til it in hammered in my brain & then Put them on a Chart, & practice
I trade Only three Pairs & have made over 4000 pips so far this month, but i don' have to prove anything to anybody
Thank you Mr Dadas for everything
A good trader follows his rules, but great trader knows when to break them
  • #2,445
  • May 28, 2013 2:21pm May 28, 2013 2:21pm
Quoting Emiratez
{quote}P.action why did you take that position?

because of m30 ptecz 4 hour ago. i saw break down bar after that i took position at top of the m30 ptecz.

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  • #2,446
  • Edited 3:21pm May 28, 2013 3:00pm | Edited 3:21pm
Hi Dadas

Some of the ptecz I have identified in GBPNZD daily chart.Let me know whether they identified correctly.

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  • #2,447
  • May 28, 2013 3:44pm May 28, 2013 3:44pm
Hi Dadas,
I sent you 2 invitations for adding me to your skype contacts.
I got your Skype Id from the manual. Is it the good one?
Good Night
  • #2,448
  • May 28, 2013 3:44pm May 28, 2013 3:44pm
Hi Dadas,

In following chart when marked arrow section first its formed inside bar.Inside bar candle initially a PTECZ candle.Then breakout of this candle happend. So in this case PTECZ candle is changed to TBCZ candle? is my analysis correct? Its GBPCHF daily chart.
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  • #2,449
  • May 28, 2013 5:04pm May 28, 2013 5:04pm
Quoting Emiratez
first trade using yr indi ...+39 pips, but i still not confidence ... i use H4 and wait for breakout...how is my trade dadas? did i forget something? {image}
Very good for the start!
Just keep learning, reading Price Action.
You will get confidence in time!
Trade the facts, not opinions.
  • #2,450
  • May 28, 2013 5:20pm May 28, 2013 5:20pm
Quoting sam777
Dadas, Pardon me if you have already answered the question. Intraday, do you give weight to looking for PTECZ's/TBCZ's or you stick to your analysis from day/days before?. Intraday, can be helpful but certainly adds more noise and messes up your set up from day/days before. I find when the range is wider than normal, it comes in to play. Example ES ATR (14 day) is 17 and range today is 22 as of now or for that matter it was 40, 4 days ago. Second question, (all the posts that related to Engulfing understanding, to me it was always as you understood...
I guess I have to answer like this:
I use only my PTECZ_Trader.
I use historical PTECZs to find S/R PTECZ in Daily Range distances
based on my own Daily Range Stats Indicator and my own
common sence judgments.
I do not use any other Indicators.
I read Price Action at the basic level, not patterns, but alphabet.
I agree with the Engulfing, but I do not wish to raise commotion any more!
That issue has been closed!
I do not Trade Intraday.
I did a couple of Trades to see how my method would work.
It worked great, based on the same assumptions as above.
But, it is not my style.
My method works great as is.
It does not require anything else but the ability
to read what the Candles tell us and the ability
to find the Potential S/R PTECZs.
Thus, the ability to estimate Pip Potential according to Daily Range and the PTECZs.
Thus, the ability to Enter where the R/R is still good in relation to Pip Potential.
And, that is all.
Trade the facts, not opinions.
  • #2,451
  • May 28, 2013 5:22pm May 28, 2013 5:22pm
Quoting P.Action
i think i sold at the top {image}
Do you know why you only think and you are not sure at all?
Because you did not plot historical S/R PTECZs.
Trade the facts, not opinions.
  • #2,452
  • May 28, 2013 5:29pm May 28, 2013 5:29pm
Quoting bedayan
Hi Dadas Some of the ptecz I have identified in GBPNZD daily chart.Let me know whether they identified correctly. {image}
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Trade the facts, not opinions.
  • #2,453
  • May 28, 2013 5:31pm May 28, 2013 5:31pm
Quoting mosah
Hi Dadas,I sent you 2 invitations for adding me to your skype contacts.I got your Skype Id from the manual. Is it the good one?Good Night
Yes, it is good.
I know that SKYPE sometimes delivers invites long after.
It has happened before.
I have not received any from you.
Trade the facts, not opinions.
  • #2,454
  • May 28, 2013 5:35pm May 28, 2013 5:35pm
Quoting bedayan
Hi Dadas, In following chart when marked arrow section first its formed inside bar.Inside bar candle initially a PTECZ candle.Then breakout of this candle happend. So in this case PTECZ candle is changed to TBCZ candle? is my analysis correct? Its GBPCHF daily chart. {image}
Correct, but it is still PTECZ!
TBCZ can be PTECZ, but only in situations described by your chart!
Trade the facts, not opinions.
  • #2,455
  • Edited 6:18pm May 28, 2013 5:57pm | Edited 6:18pm
Hi Dadas,
Just wanted to show my recent trade with your PTECZ Trader.
It really helps to see the big picture.
The long entry was triggered by the 1M Ptecz, at the bottom of 5M and 15 M ptecz. However, I can see now that it would be been better to wait for entry at the bottom of the 1H Ptecz.
Sorry, this goes back to last night, but was having problems uploading. Managed to upload, using Safari browser.
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  • #2,456
  • May 28, 2013 9:05pm May 28, 2013 9:05pm
it's my 5th trade
overall +51 pips, -14 pips, floating +80pips (secure profit +56pips)
still not convidence ...

thank you for your hardwork, so we can learn this, dadas
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  • #2,457
  • May 28, 2013 9:50pm May 28, 2013 9:50pm
This is my first post in this forum. I am a silence reader for last two month.
First of all, thank you very much Dadas for your great FX-NVATC_PTECZ_Trader.ex4.
After struggling about a weeks and read your post several times, i got a little understanding about it. In my opinion, anyone that try to use FX-NVATC_PTECZ_Trader.ex4 must had a knowledge about Supply and Demand also PA too.
This is my chart and my trade Yesterday on GBPUSD, am I doing the right thing with your method ? Need enlightment.

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  • #2,458
  • May 29, 2013 1:30am May 29, 2013 1:30am
Quoting Dadas
{quote}Salut Andrej07, I hope you can translate my comment! Your Entry was OK, but I think by Price Action, that this is a retrace up.I do not think it will go that high up.{image}
Hi Dadas! Everything turned out just like you said.
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  • #2,459
  • Edited 3:20am May 29, 2013 2:26am | Edited 3:20am
Do PTECZ a good point? see for yourself, the upper limit is a limit PTECZ
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bigger picture says it all
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my dream Australia.....
  • #2,460
  • May 29, 2013 3:35am May 29, 2013 3:35am
Quoting ill_be_back
{quote}TokDon't know how long u have been trading, But these is toughest business, ... Darko40, P.Action they r in this business for a long time but still Humble & still learningAs far as participating, i am here everyday reading every thing over & over again til it in hammered in my brain & then Put them on a Chart, & practiceI trade Only three Pairs & have made over 4000 pips so far this month, but i don' have to prove anything to anybodyThank you Mr Dadas for everything
Thank you very much!
I know you are here almost every day!
I am very glad you posted and your results are just WOW!

You, really have a way to "be_back"!

Keep up the good work!
Trade the facts, not opinions.
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