Price Action in Day Trading by Dadas | Page 129 | 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

  • #2,561
  • May 31, 2013 12:15am May 31, 2013 12:15am
Quoting finaclefx
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...
I am glad you are getting results!

I don't know if you saw the earlier signals, probably not???
Your Entry was risky, because you did not have Break Up Candles at that moment!
Attached Image (click to enlarge)
Click to Enlarge Name: finaclefx.png Size: 116 KB

You see that!?

I think it is about your emotions.
You must take a deep breath and think again!
Trade the facts, not opinions.
  • #2,562
  • May 31, 2013 1:03am May 31, 2013 1:03am
Hi Dadas

Here're my top down charts for EURUSD this morning. The H1 & M30 looked very similar so only M30 attached. I'm not clear what method we should use to determine the trend. I remember reading somewhere in the thread that the H4 chart shows it. I looked at the tfs from D1 down & trend seems to be up but price retracing.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eumn.png Size: 44 KB
Click to Enlarge Name: euw1.png Size: 47 KB
Click to Enlarge Name: eud1.png Size: 47 KB
Click to Enlarge Name: euh4.png Size: 46 KB
Click to Enlarge Name: eum30.png Size: 37 KB
  • #2,563
  • May 31, 2013 1:26am May 31, 2013 1:26am
Hi Dadas,

Please correct me if I am wrong...

The blue rectangle is PTECZ. Sell after the price bounced from the lower side of PTECZ (red arrow).

(M15 EURUSD chart)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15-alpari-nz-limited.png Size: 30 KB
  • #2,564
  • May 31, 2013 1:48am May 31, 2013 1:48am
Quoting EaglePip
{quote} 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.
I think finaclefx acted upon the earlier rejection from the bottom and Break Up.
But, of course, the Break Up was minimal and the retrace was very deep,
so his Long was actually gambling!

The rest you see on the picture.
Actually, in that situation the logical Long was only when Price
Broke Up the M15 PTECZ and Broke Up again.

Also, one would have to look further to the left, not visible
on this image, where the first Long signals began.
Trade the facts, not opinions.
  • #2,565
  • May 31, 2013 1:54am May 31, 2013 1:54am
Quoting blackbeary
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 {image} {image}
Save me my time and save yours, too.
First read and as you go, copy or mimick what you see on my charts to your charts.

When you are ready and you can see which is which,
make a SKYPE appointment with me.
You need headphones with mic and to share your screen.
You need about 2-3 hours time.

Do not spam my thread with tons of useless charts!
Trade the facts, not opinions.
  • #2,566
  • May 31, 2013 1:59am May 31, 2013 1:59am
Quoting ellenbrook
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...
Yes, and the secret was not anything secret!

The "secret" is how much heart you put into your quest!
Trade the facts, not opinions.
  • #2,567
  • May 31, 2013 2:07am May 31, 2013 2:07am
Quoting chon
Hi Dadas Here're my top down charts for EURUSD this morning. The H1 & M30 looked very similar so only M30 attached. I'm not clear what method we should use to determine the trend. I remember reading somewhere in the thread that the H4 chart shows it. I looked at the tfs from D1 down & trend seems to be up but price retracing. {image} {image} {image} {image} {image}
Save me my time and save yours, too.
First read and as you go, copy or mimick what you see on my charts to your charts.

When you are ready and you can see which is which,
make a SKYPE appointment with me.
You need headphones with mic and to share your screen.
You need about 2-3 hours time.


I do not have the time to correct everybody's charts.
Do not spam my thread with tons of useless charts!
Trade the facts, not opinions.
  • #2,568
  • May 31, 2013 2:10am May 31, 2013 2:10am
Quoting Amao
Hi Dadas, Please correct me if I am wrong... The blue rectangle is PTECZ. Sell after the price bounced from the lower side of PTECZ (red arrow). (M15 EURUSD chart) {image}
Very generally said, yes, that is part of the method.

Save me my time and save yours, too.
First read and as you go, copy or mimick what you see on my charts to your charts.

When you are ready and you can see which is which,
make a SKYPE appointment with me.
You need headphones with mic and to share your screen.
You need about 2-3 hours time.


I do not have the time to correct everybody's charts.
Do not spam my thread with tons of useless charts!
Trade the facts, not opinions.
  • #2,569
  • May 31, 2013 2:22am May 31, 2013 2:22am
Let's make this a new thread rule:

1. You learn, first. Read the whole thread, study my charts, copy or mimick what you see onto your charts.
2. When you are ready and you know what is CSCZ, TBCZ, PTECZ, Zone Candle, and you know
what the meaning of Analysis from Top is, when you know what the whole method is,
make an appointment with me for a 2-3 hour SKYPE session.
You need a working set of headphones with mic and know how to SKYPE-share your screen.

This way you will save me my time and save you yours.

I do not wish to corrects tons of your charts all plotted incorrectly, or maybe correctly!
It makes no sence if you are going to make the same mistakes and ask me to do what I
have already done tens or hundreds of times in the thread.

Sorry, guys.
From now on, either you do it this way, or you will get no answers from me.
Trade the facts, not opinions.
  • #2,570
  • May 31, 2013 3:18am May 31, 2013 3:18am
Quoting Dadas
{quote} I think finaclefx acted upon the earlier rejection from the bottom and Break Up. .
Thanks. I see it now!!
EP
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.png Size: 37 KB
  • #2,571
  • May 31, 2013 3:26am May 31, 2013 3:26am
Quoting EaglePip
{quote} Thanks. I see it now!! EP {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Eaglepips.png Size: 125 KB
Trade the facts, not opinions.
  • #2,572
  • Edited 3:52am May 31, 2013 3:39am | Edited 3:52am
Dadas,

Page 30, post 531 - It asked why not this showing the chart and you replied that it was not PTECZ in post 532. I agree that it is not a PTECZ, however, as I understand, the previous candle (cyan) to the candle that's pointed as TBCZ (the body of the pointed candle is wider than the cyan candle). Please correct me if I am wrong!

If I am correct, then my question is do we not consider using TBCZ's and only PTECZ's as S/R zones as the case may be?

Great Stuff from you and I cannot wait to go thru the thread even though I do not have the luxury of your templates as I do not use MT. Thx Sam
  • #2,573
  • May 31, 2013 3:58am May 31, 2013 3:58am
Quoting sam777
Dadas, Page 30, post 531 - It asked why not this showing the chart and you replied that it was not PTECZ in post 532.
Do you see this in the upper right corner of the Post?
Attached Image

Copy and paste in your question as it is!
Everybody can, then, simply click and be there!

Is that so damn hard to do?
Does that require the IQ of a genius?

Because, if so, then I am the only "genius", here!


Quoting sam777
I agree that it is not a PTECZ, however, as I understand, it does qualify (the candle that's pointed) as TBCZ. Please correct me if I am wrong! If I am correct, then my question is do we not consider using TBCZ's and only PTECZ's as S/R as the case may be? Great Stuff from you and I cannot wait to go thru the thread even though I do not have the luxury of your templates as I do not use MT. Thx Sam
You have nothing to agree or not!

When there is a TBCZ on higher Tf, you will find the corresponding PTECZ on lower Tf.
I go by PTECZs, because as I have explained a hunder times, it is the:
Potential Trend Ending Consolidation Zone.

And of course, that is the idea, to find S/R PTECZs.
That is how we define our Global and Local Position.
That is our GPS or our Map!
Trade the facts, not opinions.
  • #2,574
  • May 31, 2013 5:07am May 31, 2013 5:07am
The great One@Dadas,

I notice that our wonderful and ultimate PTECZ_Trader will expired on 2013-06-04 which is next week, please is there any provision for those of us like me who can not trade now without the PTECZ_Trader.

Thank you.
Time always comes before price
  • #2,575
  • May 31, 2013 5:10am May 31, 2013 5:10am
Quoting fxrabbi
The great One@Dadas, I notice that our wonderful and ultimate PTECZ_Trader will expired on 2013-06-04 which is next week, please is there any provision for those of us like me who can not trade now without the PTECZ_Trader. Thank you.
You have been sent an email.
Please discuss only technical issues on the thread!
Trade the facts, not opinions.
  • #2,576
  • May 31, 2013 5:21am May 31, 2013 5:21am
Quoting Dadas
{quote} You have been sent an email. Please discuss only technical issues on the thread!

OK, Thanks
Time always comes before price
  • #2,577
  • May 31, 2013 6:15am May 31, 2013 6:15am
Quoting Dadas
{quote} Please, study this: {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?

This is discretionary but if I understand correct, any candle that starts a consolidation after a trend can be considered a PTECZ?
  • #2,578
  • May 31, 2013 6:32am May 31, 2013 6:32am
Quoting forextrader9
{quote} This is discretionary but if I understand correct, any candle that starts a consolidation after a trend can be considered a PTECZ?
Well, I hope you are right.
I mean, until I have shown you live on your chart,
I do not really know if what you post is correct or not!

I see it. If I see Candles like the ones you asked about,
I know there is a real PTECZ on a smaller Tf in that place.

If Forex Trading had any strict rules, we would be millionairs in no time.
Anybody would be able to write a simple follow-the-rule EA,
switch it on, and just consume the Profits any time!

As said in the very begining of the thread, Candles carry information
about Price Action, they are the graphic resemblance of Price Action.

If you are still surprised, means you are not learning to read Price Action
directly from candles!
Had you been able to read the Candles you doubt, you would understand!


And, yes: Potential Trend Ending Consolidation Zone is PTECZ.
Trade the facts, not opinions.
  • #2,579
  • Edited 2:22pm May 31, 2013 12:56pm | Edited 2:22pm
Important notice:

Due to system crash I will not be able to receive your emails for a few days,
untill I am able to solve the issue which will probably require system reinstallment,
thus I will need time to set everything back up!

In case of important issues, please PM me!

Edit:

As of now, my system is back up!
Don't know how long it will work, but seems to have repaired itself!
Thus, I can work with emails as usual.
Trade the facts, not opinions.
  • #2,580
  • May 31, 2013 2:14pm May 31, 2013 2:14pm
Hi Dadas,
I have been away from my PC since morning,just saw this now and i'm kind of confuse.Please comment,thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: sample.png Size: 40 KB
If you dont stand for something,you 'll fall for anything.
5 traders viewing now