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Price Action in Day Trading by Dadas

  • #2,661
  • Jun 8, 2013 8:58pm Jun 8, 2013 8:58pm
hello Dadas, this thread seems exciting, my favourite subject, price action, still trying to fully grasp it,


i know you said read the whole thread but can you tell me if post #1 is sufficient to understand your trading method??

thanks in advance.
  • #2,662
  • Jun 9, 2013 3:09am Jun 9, 2013 3:09am
Quoting mahk90
hello Dadas, this thread seems exciting, my favourite subject, price action, still trying to fully grasp it, i know you said read the whole thread but can you tell me if post #1 is sufficient to understand your trading method?? thanks in advance.
Post# 1 contains just the basics, it is the begining, not the whole thing.
There are other elements to be understood, contained throughout the whole thread.
It is sometimes between the lines, sometimes straight in your face!

Reading the information contained in the Candlestick, thus understanding how the Candlestick is formed.
Reading Candlesticks one by one, reading the story, reading the book that Price is writing on the chart.
This is the clue to everything else.

Only then you can understand what Consolidation is, why Price Consolidates all the time, why the chart
looks as it looks, why to Enter/Exit when you see certain things on the chart.
Why CSCZ, why TBCZ, why PTECZ, why the Zone Candle, why the PTECZ_Trader...

If you can do that just by reading Post# 1, you are one of the more special people of this world.

Otherwise, reading the whole thread is not enough, until you do it, practise it on your charts in real time!
That must take time, even a couple of years!
Trade the facts, not opinions.
  • #2,663
  • Jun 9, 2013 3:32am Jun 9, 2013 3:32am
Post# 2,663

Guys, people, everybody who is having problems which PTECZ to choose:

When Price is moving, it is moving.
When Price slows down or stops moving, there is a reason for that.

So, you look for a historical PTECZ to see why price is stopping where it is stopping.
So, you look for a historical PTECZ to see why price has stopped where it has stopped.
You look for current PTECZ to confirm the historical PTECZ Levels.
You watch Price Action to determine which direction the Price is most likely to go.
You look for the next PTECZ to judge your Pip Potential within reasonable Average Range.

You Enter Long at the Bottom of Bulls. You Exit Long at the Top of Bulls.
You Enter Short at the Top of Bears. You Exit Short at the Bottom of Bears.

You pay attention to your R/R and Enter when it is at least 1/2.
Trade the facts, not opinions.
  • #2,664
  • Edited 7:56am Jun 9, 2013 4:37am | Edited 7:56am
Hi Dadas,

please let me know your email,,i can't send your PM because my posting still tiny

i want request your PTECZ.exe unlimited version

Thanks B4

Edited : Already sent email
  • #2,665
  • Jun 10, 2013 10:58am Jun 10, 2013 10:58am
did I read correct markit action.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15-liteforex-group-of-2.png Size: 38 KB
don't predict direction, but dance with flow of water
  • #2,666
  • Edited 11:52am Jun 10, 2013 11:31am | Edited 11:52am
Quoting priceaction1
did I read correct markit action. {image}
When you show me where you Entered the Long and where you Closed, then I can say.

From what I see on the chart, that is what the Price is saying.
However, that is only the closeup picture from M15 and very short view.
And, I don't know where the Blue bottom Zone comes from.

Also, where are your reasons for Long?
Where is your full analysis?

You ask for comment or opinion, yet you show nothing.

How can I know what your decision thinking process looked like?


Because I can show you my chart and tell you why I would Enter Long in this situation:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 98 KB

I see lots of reasons:
1. I see strong Bullish H4 Candles on the left.
2. I have my Ceiling Stops (PTECZs) plotted.
3. I see that Price stopped at the Resistance PTECZ and is Consolidating since Friday.
4. I see that H4 Candles are forming a certain Floor that the Price refuses to Break Down.
5. I see that the Floor is at the Level of the last strong Bullish H4 Candle Support (CSCZ).
6. I see the M15 Candles Breaking Up today from the Floor.
7. I see a retrace that Closed at Higher Low than the previous one.
Thus, having the Floor (Green CSCZ), I could make a Long decision when Price Broke Up from that CSCZ,
and retraced back to it, making another Higher Low.
However, my Pip expectation would be no more than 20 Pips.


So, how can I evaluate your question?
Trade the facts, not opinions.
  • #2,667
  • Jun 11, 2013 6:40am Jun 11, 2013 6:40am
Hi Dadas or PTECZ's

Please review my EP

Thanks B4
Attached Image (click to enlarge)
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  • #2,668
  • Jun 11, 2013 7:05am Jun 11, 2013 7:05am
Quoting silitmambu
Hi Dadas or PTECZ's Please review my EP Thanks B4 {image}
There is nothing to review.

You don't know what you are doing.
Shooting blind without any reason, just your stupid assumptions.

Learn something, then ask me to waste my time on you!
Trade the facts, not opinions.
  • #2,669
  • Jun 11, 2013 7:46am Jun 11, 2013 7:46am
Quoting Dadas
{quote} There is nothing to review. You don't know what you are doing. Shooting blind without any reason, just your stupid assumptions. Learn something, then ask me to waste my time on you!
But current result is good for me

i dont know whats wrong with my EP
Attached Image (click to enlarge)
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  • #2,670
  • Jun 11, 2013 8:13am Jun 11, 2013 8:13am
Quoting silitmambu
{quote} But current result is good for me i dont know whats wrong with my EP {image}
Of course, you can always get lucky.

Which does not change the fact, that when you Entered Long there were no signals indicating Long.

I will not comment any Entries without your full analysis and reasons why you made the Entry.
Trade the facts, not opinions.
  • #2,671
  • Jun 11, 2013 8:45am Jun 11, 2013 8:45am
Quoting silitmambu
i dont know whats wrong with my EP {image}
It is against the Trend.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfm15.png Size: 89 KB

You don't know what you are doing.

You are not using my Method explained in this thread.

You have taken something and created your own method on some elements of my Method.

So, your method is not my Method any more.

I can not comment on your method.

Going against the Trend and not knowing what you are doing is gambling, shooting blind.

You can get lucky, or if, like some other people, you wait for TP, you get SL.

The reason is: you are NOT Trading Price Action in Day Trading by Dadas.
Trade the facts, not opinions.
  • #2,672
  • Jun 11, 2013 9:10am Jun 11, 2013 9:10am
Quoting Dadas
{quote} It is against the Trend. {image} You don't know what you are doing. You are not using my Method explained in this thread. You have taken something and created your own method on some elements of my Method. So, your method is not my Method any more. I can not comment on your method. Going against the Trend and not knowing what you are doing is gambling, shooting blind. You can get lucky, or if, like some other people, you wait for TP, you get SL. The reason is: you are NOT Trading Price Action in Day Trading by Dadas.
OK,i just still learning your method.

The new EP reason is :
1. Trend is down
2. Price below PTECZ

Sorry if still make mistake's
we all on progress to make things this right
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB
  • #2,673
  • Jun 11, 2013 9:38am Jun 11, 2013 9:38am
Quoting silitmambu
{quote} OK,i just still learning your method. The new EP reason is : 1. Trend is down 2. Price below PTECZ Sorry if still make mistake's we all on progress to make things this right {image}
The progress is that you learn Price Action first.
You learn how to read Candlesticks one-by-one.

You make decisions on concrete signals by Price Action in relation to PTECZ.

And, you make the full analysis, first.

Sorry, mate, but until you show me at least one full analysis from MN down to H4,
which will be correct, I will not comment your pseudo-analysis which means nothing.

If you are learning, then start learning, not asking me stupid questions.
Trade the facts, not opinions.
  • #2,674
  • Jun 11, 2013 10:15am Jun 11, 2013 10:15am
silitmambu, our new friend who wants to use the PTECZ_Trader,
and can not even plot his own PTECZs, can not see them on the charts,
can not read Price Action, does not know the position of the Price,
refuses to do the full analysis, probably has not even read the thread,
most probably has not done a single analysis mimicking examples from the thread,
can not judge the Pip Potential, can not use the proper R/R,
simply speaking, he has no idea what is happening and what he is doing,
and he wants to skip the whole learning process and just take the PTECZ_Trader and win some!

silitmambu, go, learn, study, plot the PTECZ, understand it.
Come back in a couple of months, or maybe years, then try to use the PTECZ_Trader!
Trade the facts, not opinions.
  • #2,675
  • Jun 11, 2013 12:29pm Jun 11, 2013 12:29pm
So, we trade the M5 chart, as an example.
http://charts.mql5.com/1/195/gbpusd-m5-fxsalt-ltd-4.png

Hello Dadas,
I hope reading them correctly. Based on one of your above chart.
Could I consider the bottom red candle that you named TBCZ as PTECZ?
Thank you so much for your kind help.
  • #2,676
  • Jun 11, 2013 1:21pm Jun 11, 2013 1:21pm
Hai Dadas,

Just finished reading all your thread, very interesting and easier to understand price action,
will do more practice and practice
thank you for sharing your knowledge

regards
  • #2,677
  • Jun 11, 2013 1:36pm Jun 11, 2013 1:36pm
Quoting fxpig
So, we trade the M5 chart, as an example. {image} Hello Dadas, I hope reading them correctly. Based on one of your above chart. Could I consider the bottom red candle that you named TBCZ as PTECZ? Thank you so much for your kind help.
What do you mean you are reading them correctly?
Reading what? My chart?
I don't understand you?
Do you mean you can not see what you are reading on my chart???

Yes, the almost equal body Red Candle at the Bottom is PTECZ
which became TBCZ when the Break Out Candle Closed.
Trade the facts, not opinions.
  • #2,678
  • Jun 11, 2013 3:55pm Jun 11, 2013 3:55pm
Dadas,

could you please resolve my concerns regarding a PTECZ selection for this chart? What if there is no suitable one? Shall we go and find a one on W chart instead?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 10 KB


Thank you,
Philipp
  • #2,679
  • Jun 11, 2013 4:43pm Jun 11, 2013 4:43pm
Quoting phi1ipp
Dadas, could you please resolve my concerns regarding a PTECZ selection for this chart? What if there is no suitable one? Shall we go and find a one on W chart instead?{image} Thank you, Philipp
There is always a suitable PTECZ somewhere in history,
as long as there is history at the Current Price Level.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdweekly.png Size: 90 KB

Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 82 KB


You are making me repeat myself!
This has been covered a hundred times, plus.

And, I told everyone: Make an appointment for a SKYPE session with me.
Trade the facts, not opinions.
  • #2,680
  • Jun 11, 2013 5:07pm Jun 11, 2013 5:07pm
Hai Dadas

I have received FX NVATC PTECZ thank you :-)

other indicator that I download form your thread are working ( type of those file are "MQL4 Source file")
PTECZ indi you have sent is in "EX4 File"
still trying to figure it out how to convert EX4 to MQL4, ....
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