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Price Action in Day Trading by Dadas

  • #2,581
  • May 31, 2013 4:26pm May 31, 2013 4:26pm
Quoting finaclefx
Hi Dadas, I have been away from my PC since morning,just saw this now and i'm kind of confuse.Please comment,thanks! {image}
Yes, you are confused!
You don't pay attention, you don't read.
You take what you think, not all of it!

Those are Breaks Up, so what?

Does that mean Price must do what you want it to do?

Study the charts again, look how the Break Up - Retrace looks!

You are another one of those who don't pay attention,
and then don't know why they get SL!

Maybe this chart will explain better?
Or maybe you still want to do it your way?
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy-h4-fxsalt-ltd.png Size: 71 KB
Trade the facts, not opinions.
  • #2,582
  • Jun 1, 2013 4:49am Jun 1, 2013 4:49am
Unfortunately, my system did break down!
I am doing full disk format and system reinstall!
Yhis may take a while.
Trade the facts, not opinions.
  • #2,583
  • Jun 1, 2013 6:15am Jun 1, 2013 6:15am
Quoting Dadas
{quote} Yes, you are confused! You don't pay attention, you don't read. You take what you think, not all of it! Those are Breaks Up, so what? Does that mean Price must do what you want it to do? Study the charts again, look how the Break Up - Retrace looks! You are another one of those who don't pay attention, and then don't know why they get SL! Maybe this chart will explain better? Or maybe you still want to do it your way? {image}
Hi Dadas,
Thanks for your harsh words,they challenge me each time!I actually had an idea on that chart which I wanted a confirmation from you.The idea is that the current PTECZ is very important,if you look at that my chart again,you will notice the current PTECZ after the second break-up from the left which i didnt draw and if i had drew it,the attached chart would have been the result from M15.It would have been a great trade,but i wasnt around then.Pls comment,thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: SAMPLE2.png Size: 42 KB
If you dont stand for something,you 'll fall for anything.
  • #2,584
  • Jun 1, 2013 9:21am Jun 1, 2013 9:21am
Quoting finaclefx
{quote} Hi Dadas, Thanks for your harsh words,they challenge me each time!I actually had an idea on that chart which I wanted a confirmation from you.The idea is that the current PTECZ is very important,if you look at that my chart again,you will notice the current PTECZ after the second break-up from the left which i didnt draw and if i had drew it,the attached chart would have been the result from M15.It would have been a great trade,but i wasnt around then.Pls comment,thanks. {image}
Right!

But you can learn to follow!
They way I teach, in full, not just elements taken out of the whole context!

Keep up your work!
Trade the facts, not opinions.
  • #2,585
  • Jun 1, 2013 3:26pm Jun 1, 2013 3:26pm
Important notice:

All of you who have sent me a request for the PTECZ_Trader on Thursday and Friday,
who have not received their copy, are asked to resend their reqeust!

I have had a major system crash and I was not able to recover the emails!
Trade the facts, not opinions.
  • #2,586
  • Jun 1, 2013 4:55pm Jun 1, 2013 4:55pm
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
http://www.forexfactory.com/attachme...1&d=1369997401
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!

I was not aware of being able to copy the link, so thanks for letting me know. It did not require the IQ of a genius but QI (Qualitative Input) of a genius!

The exact answer to my question was in the post link below (or should I say post #593 - just kidding - I understand how frustrating is for you to answer posts which with your dedication must be chewing up all you time).

http://www.forexfactory.com/showthre...31#post6584431 - your answer here was perfect PTECZ v/s TBCZ and why PTECZ takes precedence as it is trend ending and a confirmation.

Here is 40,000 billion bits versus 20,000 bits - A 10 year old kid asks his dad, "Where did I come from?".

The dad was stunned as he expected this sort of question to be asked in another 3 to 4 years! However, he decides to answer and for the next 3 hours he explains where he came from.

The dad then asked his son, "What made you ask this question?"

The son replied, " The kid who lives across said he came from Ohio, so I wondered where I came from" (40,000 trillion bits versus 20,000 bits!)
  • #2,587
  • Edited 2:22am Jun 2, 2013 2:00am | Edited 2:22am
Right on!

I experienced a similar situation, when a 10 y.o. kid asked me a riddle.
I started figuring out as a grown up would do - complicated, complex, mind-twisted way.

The answer was so simple!
Too, bad I don't remeber the riddle!

The difference between the mind of a child and a grown up,
is the "yes, but" - the child does not create obstacles where there aren't any.
The grown up creates obstacles like,: "yes, but my mind is too old for that".

Or, similar - everyone should think about it.
Trade the facts, not opinions.
  • #2,588
  • Jun 2, 2013 4:16am Jun 2, 2013 4:16am
Daily_Range_Stats.mq4 UPDATE!!!

Now, modified to support all possible chart situations for D1 Candlesticks!

Is_Saturday_Candles true/false
Is_Sunday_Candles true/false

In order to get the proper readouts for Last Week, you must set the
Is_Saturday_Candles & Is_Sunday_Candles according to your actual
D1 chart situation, ie. if you have Saturday and/or Sunday D1 Candles or not.

Since Saturday and Sunday Candles do not represent the whole Day, only a few hours,
including them into the average calculation is misleading.
Thus, we omit them in the calculations.

The updated version to download from this post and Post# 1.
Attached File(s)
File Type: mq4 Daily_Range_Stats.mq4   20 KB | 481 downloads
File Type: ex4 Daily_Range_Stats.ex4   22 KB | 377 downloads
Trade the facts, not opinions.
  • #2,589
  • Jun 2, 2013 4:28am Jun 2, 2013 4:28am
Hi dadas.
Thank you for this wonderful thread.
And the tremendous work that you put in it.
I have a small request (if it is ok with you). Could you please post
A losing trade that you took. And explain why you took it .

Many thanks.
  • #2,590
  • Jun 2, 2013 5:24am Jun 2, 2013 5:24am
Hello DADAS,

I look over your last few weeks and I find your comments very informative. Even though sometimes I can not understand at all.
But I cling!
Please could you send your m'' indicator "fx-nvatc_ ptecez"
to install on MT4.
sorry for my english because I'm french and do not speak English, shame as I would have liked to push you about skype .....
bravo for your wire and your patience with all personnnes.
Thank you in advance
  • #2,591
  • Edited 6:54am Jun 2, 2013 6:39am | Edited 6:54am
Dadas,

I experienced a similar situation, when a 10 y.o. kid asked me a riddle.
I started figuring out as a grown up would do - complicated, complex, mind-twisted way.

YES, the same child from pristine to adulterated and complex as the child grows up and we consider ourselves grown-up and more intelligent?

The day we figure out how to legislate conscience, there would be no courts, disputes, fights, killings..............etc

Earth, Water and Air were given to us. Man found a way to stake claim of the Earth, found a way to stake claim of the Water, however, has not been able to stake claim of the Air (at least not yet!!) (Wisdom of the Creator).

None of the three belongs to the Man to begin with!!!!


I hope you have recovered from the computer crash. It is a real pain to recover depending upon the severity. Do you use "Ghost" as a backup? It takes the image of your drive and restores. There are other software choices that do the same. Just an input - FYI.

Thanks, Sam
  • #2,592
  • Jun 2, 2013 7:36am Jun 2, 2013 7:36am
Quoting ronnimar
Hi dadas. Thank you for this wonderful thread. And the tremendous work that you put in it. I have a small request (if it is ok with you). Could you please post A losing trade that you took. And explain why you took it . Many thanks.
I have, but you would not take the time to find it, would you?

All my losses were due to my Ego wanting something else than what the charts showed.

Please, understand that, people!

Your Ego will pop up from time to time.

You will be going against the picture on the chart, from time to time.

I am not going to post any more Trades.

Enough is enough.

I am not here to prove anything!

I have shown enough.

It is time for me to take care of myself!

You want to learn? Go ahead and learn.

You need consultation, make a SKYPE appointment with me.

In other words:
Everything has already been explained in this thread!
I do not wish to battle any more.
The way to learn has also been explained in Post# 1.

Now, it is up to you!
Trade the facts, not opinions.
  • #2,593
  • Jun 2, 2013 7:47am Jun 2, 2013 7:47am
New Tool!

Custom_Range_Stats.mq4

This tool can prove useful in many ways.

For longer Term Traders:
Custom_Range_Stats_Tf = 43200 or 10080

However, this one does not recognize Saturday and Sunday Candles,
it only reads the data of Candles of Index 0 - 9 of the chosen Tf,
and calculates Sum and Average of 5 and 5 Candles,
so for Day Traders I recommend the new modified Daily_Range_Stats.mq4 in Post# 1..

For Custom_Range_Stats_Tf < 1440, you can see interesting data.
Attached File(s)
File Type: mq4 Custom_Range_Stats.mq4   14 KB | 463 downloads
File Type: ex4 Custom_Range_Stats.ex4   16 KB | 338 downloads
Trade the facts, not opinions.
  • #2,594
  • Jun 2, 2013 8:30am Jun 2, 2013 8:30am
Quoting Dadas
{quote} I have, but you would not take the time to find it, would you? All my losses were due to my Ego wanting something else than what the charts showed. Please, understand that, people! Your Ego will pop up from time to time. You will be going against the picture on the chart, from time to time. I am not going to post any more Trades. Enough is enough. I am not here to prove anything! I have shown enough. It is time for me to take care of myself! You want to learn? Go ahead and learn. You need consultation, make a SKYPE appointment with me. In...

Thanks Dadas you have done a great job here.

Best regards
  • #2,595
  • Edited 10:10am Jun 2, 2013 9:59am | Edited 10:10am
Quoting Dadas
Daily_Range_Stats.mq4 UPDATE!!! Now, modified to support all possible chart situations for D1 Candlesticks! Is_Saturday_Candles true/false Is_Sunday_Candles true/false In order to get the proper readouts for Last Week, you must set the Is_Saturday_Candles & Is_Sunday_Candles according to your actual D1 chart situation, ie. if you have Saturday and/or Sunday D1 Candles or not. Since Saturday and Sunday Candles do not represent the whole Day, only a few hours, including them into the average calculation is misleading. Thus, we omit them in the calculations....

Thank you for this follow up to my request regarding the 'last week' data calculations.
You don't forget anything.
You seem to have exhausted yourself.... please do not do this on your students account.
Rest please.
You are loved and appreciated by many here.... you have created a tireless legacy.
Rest please.
Cheers and make some pips for yourself!
"You Never Know.....Until You Find Out."
  • #2,596
  • Jun 2, 2013 11:19am Jun 2, 2013 11:19am
thanks dadas... looking forward to work with u via skype once im done with understanding everything in the thread.
  • #2,597
  • Jun 2, 2013 11:20am Jun 2, 2013 11:20am
Quoting goldenequity
{quote} Thank you for this follow up to my request regarding the 'last week' data calculations. You don't forget anything. You seem to have exhausted yourself.... please do not do this on your students account. Rest please. You are loved and appreciated by many here.... you have created a tireless legacy. Rest please. Cheers and make some pips for yourself!
goldenequity, thank you!

Tired, yes. Tired and worn out, sick and tired of those who think they can use me and don't care to read the whole thread!
Sick and tired of people not taking the minimum required effort to study, learn and then ask questions, but not those I have
answered a hundred times, here, on my thread.
Sick and tired of ignorants, who don't understand and claim me to be wrong!

Always there for those, who want to work, who have taken the effort and just need some tunnig in.
Always there for those, who care for me and for themselves to Profit consistently!

Plus, problems with the computer!
It also seems to be worn out!
I have done full disk formatting and installed the system anew.
Helped a little, it starts much quicker, but it still does the same thing - suddenly switches off the monitors.
The power is on and it seems to be working, but the system shuts down.

I suspect it might be the CPU.

Well, thus I must make Pips related to money!

And, the posting, battling with ignorants, who can't even think how much time this whole thing takes,
who can't even draw a single PTECZ right, yet I must produce a full analysis in a couple of minutes,
which they will be asking for just a few pages further, again and again... That does not make sence.

Thus, I say:
Learn first! Make a SKYPE appointment with me. I will put you on the right rails in 2-3 hours.

For sensible people, you know how to contact me!

Thank you, again, for your mental support!

And, though I still make mistakes, it is only because I do not Follow the PTECZ.

The whole idea is simple, just Follow the PTECZ, leave all your assumption somewhere, where it won't bother you.
I don't know, maybe make a big poster in front of you:
If you think the Price will go Up - Plot the PTECZ!
If you think the Price will go Down - Plot the PTECZ!
And, stop thinking, just watch the Price Action.
Trade the facts, not opinions.
  • #2,598
  • Jun 2, 2013 11:54am Jun 2, 2013 11:54am
Quoting Dadas
{quote} goldenequity, thank you! Tired, yes. Tired and worn out, sick and tired of those who think they can use me and don't care to read the whole thread! Sick and tired of people not taking the minimum required effort to study, learn and then ask questions, but not those I have answered a hundred times, here, on my thread. Sick and tired of ignorants, who don't understand and claim me to be wrong! Always there for those, who want to work, who have taken the effort and just need some tunnig in. Always there for those, who care for me and for themselves...
Just passing by and ended up spending quite a while on your thread and you done a great job. Could almost feel your blood pressure rising at times with the stupid questions being repeated time after time. Must be a very patient guy! Love the word ZONK will be using that next week. Great thread well done.
  • #2,599
  • Edited 1:04pm Jun 2, 2013 12:39pm | Edited 1:04pm
Hi Dadas,

Plus, problems with the computer!
It also seems to be worn out!
I have done full disk formatting and installed the system anew.
Helped a little, it starts much quicker, but it still does the same thing - suddenly switches off the monitors.

The power is on and it seems to be working, but the system shuts down.

Just a suggestion and I am sure you are aware of it. Anyway, go to Control Panel, Display, Screen Saver. On this tab is Power (Monitor Power)... button in the bottom right corner. Click on it and you will see Power Options Properties window. In the middle section is "Turn Off Monitor" and have Never selected from the pull down menu and for "Turn Off hard Disks" have Never selected from the pull down menu. Click Ok and see if that resolves the issues with your monitor and system shutting down. Hope, it works.

If that doesn't work may be your power supply module is going bad and can focus on fixing that.

Another thought - one way to eliminate the power module is bad, is if you have a back-up power supply. If your computers runs fine with the back-up power supply, then it is the power supply module in the box gone bad and can replace it.

Another possibility is your computer set up ie don't know if you are running several monitors with multi-head video card. If the video card is going bad, then that will also cause the problems you are experiencing. These problems simply have Interrupt Requests (IRQ's) in the microprocessor triggered which causes depending on the severity to shut down. However, that is very unlikely and in that case might as well get a new box as it causes far less v/s fixing not to mention powerful machines with quad-core processors.

Another thought with video cards (PCI,...). Sometimes the video card is loose - try inside the box to unscrew and screw in properly so it is firmly connected in to the slot. But before you do that, check externally for the VGA, HDMI cables for proper connection and jiggle the cables.

For Video Card problems, when you boot up, listen to the beeps (I think 2 or 3 beeps) is an indication of Video Card problems.
  • #2,600
  • Jun 2, 2013 1:23pm Jun 2, 2013 1:23pm
Quoting sam777
Hi Dadas, Plus, problems with the computer! It also seems to be worn out! I have done full disk formatting and installed the system anew. Helped a little, it starts much quicker, but it still does the same thing - suddenly switches off the monitors. The power is on and it seems to be working, but the system shuts down. Just a suggestion and I am sure you are aware of it. Anyway, go to Control Panel, Display, Screen Saver. On this tab is Power (Monitor Power)... button in the bottom right corner. Click on it and you will see Power Options Properties...
Sam777,

Thank you very much for your support!

I have been around computers since the FX SPECTRUM and ATARI.
I have been working with the Windows systems since around 1996.
I am an Electronics Technician of educated proffesion specialised in Teleinformatics.
I am both the software and hardware aware person!

My PC box is not just like any other poeple's box, it is everything out!

Anyway, thanks for your sugestions, one does not always remeber to check everything.

This computer has been with me since 2004, so it has served me well and long.
It has the right to retire!

Thanks, again!
Trade the facts, not opinions.
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