Price Action in Day Trading by Dadas | Page 128 | Forex Factory

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Price Action in Day Trading by Dadas

  • #2,541
  • May 30, 2013 1:37pm May 30, 2013 1:37pm
Quoting priceaction1
{quote}yes why not ptecz!!!! I use it . for view the market and some levels but at trading chart I love naked!!! {image}
Great!

Then, please, can you add to your post the information that you used the PTECZ?
Trade the facts, not opinions.
  • #2,542
  • May 30, 2013 1:42pm May 30, 2013 1:42pm
Quoting blackbeary
i want to learn your method, be kind and guide me , obviously i am not sure what i am doing wrong .The indicator doesnt work properly on my machine am not on windows, so i draw manually,are my zones wrong ? or what did i do wrong ?thank you for help
That is what I meant.

Your Zones are not PTECZs, not TBCZs, not CSCZ.
They are some imaginary Zones, more or less, but not Actual Price Levels!
The PTECZ is the Actual Consolidation which was either Potential Trend End,
or it became the Actual Trend End.
Those are real H/L Price Levels from your chart!
That is why we use them, because they are Factual Information!
Trade the facts, not opinions.
  • #2,543
  • May 30, 2013 1:48pm May 30, 2013 1:48pm
I will soon when I finish the test phase. 1st phase was demo, than 2nd phase is live but with very little note more than 100$ (15$ in present case) still testing. this will run up to July. if all goes as per plan I will do live 1000$ with PTECZ.
don't predict direction, but dance with flow of water
  • #2,544
  • May 30, 2013 2:00pm May 30, 2013 2:00pm
Quoting blackbeary
i want to learn your method, be kind and guide me ,
You should learn the method first.

But, I will show you only from H4 down:
Attached Image (click to enlarge)
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The Floor PTECZ you could already plot, because it is there.
You saw the Floor today.

The PTECZs for the Ceiling you can see two possibilities on the previous Bulls Trend.
The higher one is in the reasonable Daily Range about 100 Pips from bottom.

M15:
Attached Image (click to enlarge)
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I, really can not explain every Candle on the post.
But I can tell you on SKYPE when you look.
Price Rejection Shadows (CSCZ), Break Up Candles, PTECZs.

All facts, not guessing.
Trade the facts, not opinions.
  • #2,545
  • May 30, 2013 2:03pm May 30, 2013 2:03pm
Here is what i wrote meanwhile, i think it looks better
thank you
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  • #2,546
  • May 30, 2013 2:04pm May 30, 2013 2:04pm
i will study more
thanks for help
  • #2,547
  • May 30, 2013 2:05pm May 30, 2013 2:05pm
Quoting Dadas
{quote}Andrej07, What you are showing is not my method.I do not know where your areas come from?They are not PTECZ! This is the PTECZ Method, for a 100th time:1. MN Ceiling and Floor PTECZ:{image}2. W1 Ceiling and Floor PTECZ:{image}3. D1 Ceiling and Floor PTECZ:{image}4. H4-H1 Ceiling and Floor PTECZ: There was only TBCZ on H4 so I found PTECZ on H1{image} What is your plan now?
Hi dadas, pardon my ignorance but how can the floor ptecz in the mn chart #1 be a ptecz as it is a red candle and the prev candle is also a red one?
  • #2,548
  • May 30, 2013 2:08pm May 30, 2013 2:08pm
Quoting Dadas
{quote}Andrej07, What you are showing is not my method.I do not know where your areas come from?They are not PTECZ! This is the PTECZ Method, for a 100th time:1. MN Ceiling and Floor PTECZ:{image}2. W1 Ceiling and Floor PTECZ:{image}3. D1 Ceiling and Floor PTECZ:{image}4. H4-H1 Ceiling and Floor PTECZ: There was only TBCZ on H4 so I found PTECZ on H1{image} What is your plan now?
Same question for the ceiling ptecz in weekly also, it is a green candle preceded by a green candle.
  • #2,549
  • May 30, 2013 2:13pm May 30, 2013 2:13pm
Quoting forextrader9
{quote}Hi dadas, pardon my ignorance but how can the floor ptecz in the mn chart #1 be a ptecz as it is a red candle and the prev candle is also a red one?
Please, study this:
Attached Image

Please, understand what PTECZ is.
It is a PTECZ even if it does not fit exactly into the definition.
Trade the facts, not opinions.
  • #2,550
  • May 30, 2013 2:19pm May 30, 2013 2:19pm
Quoting forextrader9
{quote}Same question for the ceiling ptecz in weekly also, it is a green candle preceded by a green candle.
Please, study this:
Attached Image

Please, understand what PTECZ is.
It is a PTECZ even if it does not fit exactly into the definition.

PTECZ is a Consolidation.
Doji is Consolidation.
A Candle near Doji is Consolidation.

You have been with us for a long time now!

You still don't understand Consolidation?
Trade the facts, not opinions.
  • #2,551
  • May 30, 2013 2:28pm May 30, 2013 2:28pm
My Trades for today:
Attached Image (click to enlarge)
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+70.4 Pips

I really don't know how I do it.
I only answer your posts, the same questions over and over, and never ends.
You don't read the thread.
You keep asking the same questions when your answer is 2 posts above!

If this continues for longer, I will have to say good-bye and leave you without answers!
I am starting to get tired of your, I am sorry, laziness or ignorance, maybe?
Trade the facts, not opinions.
  • #2,552
  • May 30, 2013 3:58pm May 30, 2013 3:58pm
Quoting Dadas
{quote} You should learn the method first. But, I will show you only from H4 down: {image} The Floor PTECZ you could already plot, because it is there. You saw the Floor today. The PTECZs for the Ceiling you can see two possibilities on the previous Bulls Trend. The higher one is in the reasonable Daily Range about 100 Pips from bottom. M15: {image} I, really can not explain every Candle on the post. But I can tell you on SKYPE when you look. Price Rejection Shadows (CSCZ), Break Up Candles, PTECZs. All facts, not guessing.
Thank you very much Dadas !

this chart i did better i think, still learning .....
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  • #2,553
  • May 30, 2013 4:31pm May 30, 2013 4:31pm
To those that refused to crack their brains and squeeze out the juicy flavor in there.Dont be afraid to fail,like it or not failure is part of life.Two cases are possible at the trial moment:fail and learn from it then you are better off,secondly fail and criticize people for your failure thereby no lesson is taken,ultimately no progress thereafter,too bad!When I was blowing up account balances sometimes ago,I did see it coming that one day the opposite would be the case,why?because i continued learning new things each time i loss a trade,that has really helped me,then comes the PTECZ idea which crowned my prolonged effort.Now,everyday is green-green-green. I'm not perfect yet,still sending hours behind my PC everyday.Dadas,please comment on my chart.thanks!
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If you dont stand for something,you 'll fall for anything.
  • #2,554
  • May 30, 2013 6:29pm May 30, 2013 6:29pm
Hi Dadas,
sorry if someone maybe ask this recently but i only read few pages backwards and started from begining of thread currently around page 25,
can you help me identify weekly ceilings correctly here on EU ?

Thanks in advance
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  • #2,555
  • May 30, 2013 7:19pm May 30, 2013 7:19pm
Quoting finaclefx
To those that refused to crack their brains and squeeze out the juicy flavor in there.......
Dadas,please comment on my chart.thanks! {image}
Hey finaclefx, Good trade, but I cannot see how you used the PTECZ.
With the H4 breakup the trend was down, so on what basis would you go long on a bearish candle?
All 4 bearish candles had a retrace shadow, but down trend continued until the dojis began to appear.
To me, that would be the logical place to go long.
Will await Dadas, analysis.
  • #2,556
  • May 30, 2013 10:34pm May 30, 2013 10:34pm
Dadas can you look at these zones see if i draw it right ?
thank you sir
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  • #2,557
  • May 30, 2013 11:06pm May 30, 2013 11:06pm
30 min on bottom
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  • #2,558
  • May 30, 2013 11:08pm May 30, 2013 11:08pm
on 5 min chart
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  • #2,559
  • May 30, 2013 11:08pm May 30, 2013 11:08pm
anywhere still scratching my head, ??that remember me ,many years ago this very rich American or did own a famous restaurant in NEW YORK wanted too know that special souffle receipt from a famous PARIS restaurant so what he did send hes son too be an apprentice in that PARIS famous restaurant but unfortunately the son couldn't have access too the receipt yet secret ?but his dad did encouraged him not too give up learn has much has you can the FRENCH boss did respect him then 3 years later the boss one day say too him hey son what about you help me too make my famous souffle bingo after 3 years he got it and crack the jackpot.
  • #2,560
  • May 31, 2013 2:02am May 31, 2013 2:02am
Hi Dadas,

I've just joined your thread and interested with the PTECZ trader.

Please share it.

Thanks.
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