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Price Action in Day Trading by Dadas

  • #2,721
  • Jun 13, 2013 8:50am Jun 13, 2013 8:50am
Dadas,

The real gem - Entry/Exit - PA in PTECZ - Breakout/Breakdown Pullback - Had to watch minutely your examples before it became crystal clear - Vow and no need to say any further!!!!!!!

I am at page 95 and had to do it in NinjaTrader. As I said, I am doing my part and when I get to the last post, I will skype you. I see some PTECZ Trader thing in the following pages which I must read till the end.

Thanks a ton for invoking the grey matter and build a solid foundation

Sam
  • #2,722
  • Jun 13, 2013 8:53am Jun 13, 2013 8:53am
Quoting Dadas
{quote} Man, are trading my method? Or are you inventing your own "Let's try, maybe it works?" method? Stop posting stupid Entries that have nothing to do with what I teach! Stop assuming, Stop predicting! If you are buying in such a situation, you don't know anything about Trading!
ok noted it..
i got mix up.....
so that why iam want learning your way to read the chart..........
my first trade was sell.. but after sit look over the chart then op buy of course with R/R too......
will read the whole thread again hhehehhe
  • #2,723
  • Edited 9:26am Jun 13, 2013 9:11am | Edited 9:26am
Quoting sam777
Dadas, The real gem - Entry/Exit - PA in PTECZ - Breakout/Breakdown Pullback - Had to watch minutely your examples before it became crystal clear - Vow and no need to say any further!!!!!!! I am at page 95 and had to do it in NinjaTrader. As I said, I am doing my part and when I get to the last post, I will skype you. I see some PTECZ Trader thing in the following pages which I must read till the end. Thanks a ton for invoking the grey matter and build a solid foundation Sam
Ah, the precious moment of Enlightenment!
Trade the facts, not opinions.
  • #2,724
  • Edited 9:39am Jun 13, 2013 9:15am | Edited 9:39am
truly!!!!!!!!!! An enlightenment! Example - I witnessed in today's action (PTECZ at the low of over nite - 60 min) with ES (e-mini) at the London Open.

Have gone back in time and clearly see what happens. This is how the Big Boys get their fills with staggered orders huge contracts (test and then jump in when path is clear).

Now the Pilot Fish can swim with the Sharks!!
  • #2,725
  • Jun 13, 2013 9:21am Jun 13, 2013 9:21am
Quoting sam777
I am at page 95 and had to do it in NinjaTrader.
It only takes a couple of minutes to install any MT4 demo account.
And, the difference is not that big, so getting used to MT4 is not so complicated.
Trade the facts, not opinions.
  • #2,726
  • Jun 13, 2013 10:19am Jun 13, 2013 10:19am
hi dadas.....
i try clean my mess...
i hope i know my reason why i lose because earilier buy on that....
hope u don`t mind see my useless chart again...iam trying learning PETCZ and read PA from live chart now.....


Attached Image (click to enlarge)
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on H4 the previous candle before breaking candle what i see closing candle H4 at the middle zone..
i saw buyer at the bottom...


Attached Image (click to enlarge)
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zoom in M30.... i saw 2 bearsih candle breaking the zone and being push up with taill (rejection )
then the next candle was bull.. closed within the m30zone (maybe doji we call it)
i just buy....

Attached Image (click to enlarge)
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after buy zoom out i saw M5 now PA goes to green zone (D1 PETCZ) an then break H4...
i saw this is as daily low.. daily candle form as doji...

now the question...i know my perspective different with you dadas....? after all from what i see in chart... i would possibly looking for opportunity buy at support....or nearest resistance within the trend..
iam just try to see and learning different perspective you....
if you dont mind show me the way
small time frame to many break out, now eurousd breaking up again as i (maybe i call imagine if dont bother you alot ) heheh
from your POV you read Price than act...
i read, analyse than chose whether i be seller or buyer.... with R/R also MM too....
  • #2,727
  • Edited 10:49am Jun 13, 2013 10:22am | Edited 10:49am
Dadas,

To be honest my head is firing on all cylinders with an example today of this Entry/Exit concept in real action unfolding. I am going for a walk to get fresh air to gather my thoughts!

I want to read all the pages as there may be some nuggets and be done by the weekend.

PTECZ Trader - I am trying to get the concept behind the data representation with close line charting. I see the charts. However, your color scheme has an interpretation and is missing for me to interpret. With charts my guide was the left upper corner of the chart that said what chart it was ie M1, D1, W1.......

After all now is the creativity of efficient data representation of visually translating the concept and methodology and I know how that works; always tweeking with the monitor space limitations.

Dadas - I will be in touch soon. Let me finish all of the posts as now I am able to see fast what is important and filter other posts.

Also, today is contract expiration (already expired) and September contracts kick in. So, can just study the next 4 days. That doesn't mean I will not trade if the opportunity shows up - you did it!!!!!

Thanks, Sam
  • #2,728
  • Jun 13, 2013 10:57am Jun 13, 2013 10:57am
Quoting gembel
hi dadas..... i try clean my mess... i hope i know my reason why i lose because earilier buy on that.... hope u don`t mind see my useless chart again...iam trying learning PETCZ and read PA from live chart now..... {image} on H4 the previous candle before breaking candle what i see closing candle H4 at the middle zone.. i saw buyer at the bottom... {image} zoom in M30.... i saw 2 bearsih candle breaking the zone and being push up with taill (rejection ) then the next candle was bull.. closed within the m30zone (maybe doji we call it) i just buy.......
Attached Image (click to enlarge)
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Please, before you continue your nonsence discussion, do like others do,
go and learn first, before you try to be "wise guy".

If you do not stop, I will remove your posts from my thread.
If you continue without proper learning, I will put you on my ignore list,
and I will not be able to help you.
Trade the facts, not opinions.
  • #2,729
  • Edited 11:52am Jun 13, 2013 11:30am | Edited 11:52am
Dadas - the very last post from Gembel. This could have been a very well executed entry especially knowing the stop loss and is predicated on that and a countertrend!

On the 30 min chart in the D1 PTECZ, from the last candle backward is the PTECZ1 (green candle after the red making low) at the prior low. There is another PTECZ2 (green candle which itself made the low) at the low before that. So now we have broken down the wide D1 Zone in to two PTECZ's (green candles) with well defined width.

Now the very last candle is back in to the first PTCEZ1 and is PA in that. If the stop loss is decent which Gembel can decide, he can take an entry as there is that push-pull PA taking place (you can lower the TF and be more microscopic for sure but that may be analysis paralysis. Must know how much detail is enough and times when you need them and don't). A reward far greater than risk was there (AN OPPORTUNITY) - looking at where Dadas has marked several Entry Points)


If you had been wrong, no harm no foul if the loss is palatable and then see PA in PTECZ2.

Just my view - I had to express in words as I cannot on the chart.

Dadas, please comment!

Sam
  • #2,730
  • Edited 12:31pm Jun 13, 2013 12:12pm | Edited 12:31pm
Quoting sam777
Dadas - the very last post from Gembel. This could have been a very well executed entry especially knowing the stop loss and is predicated on that and a countertrend! On the 30 min chart in the D1 PTECZ, from the last candle backward is the PTECZ1 (green candle after the red making low) at the prior low. There is another PTECZ2 (green candle which itself made the low) at the low before that. So now we have broken down the wide D1 Zone in to two PTECZ's (green candles) with well defined width. Now the very last candle is back in to the first PTCEZ1...
Just to prove that you can see it, now!
Especially that my chart is M1.

However, knowing what the Trend was at news hour, today, I wouldn't take the risk back up.
Having taken my share when it happened, I can take a break and not worry how Fats want to fool me, again.

And, based on what PA is showing me on my chart, not yet on what we see on gembel's chart.
What we see on gambel's chart is wait and see, because we are low and Daily Range is high.
Which suggests that the Short maybe exhausted, but still not enough reason for Long.

And, gembel has already lost one Long earlier/higher on the chart in a similar situation.
Trade the facts, not opinions.
  • #2,731
  • Edited 12:45pm Jun 13, 2013 12:26pm | Edited 12:45pm
thx sam...
iam being ingore haha lol
dadas i`m not trying to be wise..iam just newbie too...
i just wanne see different POV especially your trading style...in small time frame...
i just found it so ridiculous when i put a chart than you said it ridiculous..
there is no i can be trade or mimic yours... ppl got pyscholgy when they are trading.....
but at least need time...i just trade base on PA action too.....
if you take the trade means you know the risk where to put SL rite....
PA thread means we can discuss, regarding the tools we used it...(basically PA rite)

Attached Image (click to enlarge)
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this is what i saw on H4 chart base on my own + PTECZ...
1st trade yeah hit SL..... i just focus on 1.3300...... just saw opportunity will bounce up....then price just drop below 20 pips...toward support...
this acctually my conservative area.....looking previous still up trend... just buy at support SL around 25 pips...
i usually trade with bigger TF mean big SL too...
iam learning your way you read chart on small timeframe.. so i can minimize SL......
just need yoour guidance dadas...

thx
  • #2,732
  • Jun 13, 2013 12:29pm Jun 13, 2013 12:29pm
So this is how i understand this thread:

1. General trend is down for example.
2. PTECZ forms
3. Price pulls back
4. As price pulls back it breaks out
5. Price Retraces back to zone (enter)
6. Price enters zone (enter)
7. Set S/L at High/Low of entry candle.
8. Either set own T/P or wait until next PTECZ.
9. Don't assume what price will do. Watch.
10. Be aware of historical PTECZ.

It cant be this simple can it? Is this what you mean by it begins and ends with PTECZ?

Sorry if iv got it wrong.
Keep your blades sharp!
  • #2,733
  • Jun 13, 2013 12:34pm Jun 13, 2013 12:34pm
Dadas - I agree completely. It was a counter trend and risky at best. Doing nothing was prudent instead of being very aggressive!! Being right on this occasion means nothing if one really doesn't understand what one is undertaking when trading.

Sam
  • #2,734
  • Jun 13, 2013 12:50pm Jun 13, 2013 12:50pm
Quoting Dadas
{quote} Do you mean you can't Close an Open Order before you Open another one? Or, you don't know how to use the MT4? Or, are you trading with some strange broker who only lets you Close when you Open another Order? Which doesn't make sence, because you would never be able to Exit the Market. I can understand that your broker is OCO, which means One-Closes-Other. But, that only means you can't hedge, you can't have a Short and Long open at the same time. Every Short Closes the Open Long. Every Long Closes the Open Short. But, you can still Close...
Ya I know that but isn't : "You Enter Long at the Bottom of Bulls. You Enter Short at the Top of Bears " ... these two lines says what to do?
  • #2,735
  • Jun 13, 2013 4:00pm Jun 13, 2013 4:00pm
Quoting ingoreman
thx sam... iam being ingore haha lol dadas i`m not trying to be wise..iam just newbie too... i just wanne see different POV especially your trading style...in small time frame... i just found it so ridiculous when i put a chart than you said it ridiculous.. there is no i can be trade or mimic yours... ppl got pyscholgy when they are trading..... but at least need time...i just trade base on PA action too..... if you take the trade means you know the risk where to put SL rite.... PA thread means we can discuss, regarding the tools we used it...(basically...
I did not ignore you.
I just wrote that I might.
Just a small warning.

Your English is bad and very confusing.
I can not understand your posts.
What you write is just a total mess, sorry.

I understand your D1, H4 perspective, but you are Day Trading.

In Day Trading you can even Trade the M1 chart and get many times 20 - 30 Pips.

I would like to help you, but communication can be a problem, with you.
Trade the facts, not opinions.
  • #2,736
  • Edited 5:37pm Jun 13, 2013 4:13pm | Edited 5:37pm
Quoting Red Herring
{quote} Ya I know that but isn't : "You Enter Long at the Bottom of Bulls. You Enter Short at the Top of Bears " ... these two lines says what to do?
So many people do not know where to Exit.

You see, firstly I do not know anything about the person who is posting.
I do not know how much this person knows, how much he doesn't.

If a person asks seemingly stupid questions, it looks like they have no idea what they are doing.

If you want me to know you, we must talk on SKYPE.
Otherwise, by asking a question or two every two or three weeks, I can not find out anything about you.

You could notice that you are the only one asking such strange questions, laconic, like a total newbie, or
maybe someone who does not understand what the hell you are doing.

Another possibility is that you are one of the sneeky haters who want to prove something.

How the hell am I supposed to know?
Trade the facts, not opinions.
  • #2,737
  • Edited 4:49pm Jun 13, 2013 4:30pm | Edited 4:49pm
Quoting Nametaker
So this is how i understand this thread:
1. General trend is down for example.
2. PTECZ forms
3. Price pulls back
4. As price pulls back it breaks out
5. Price Retraces back to zone (enter)
6. Price enters zone (enter)
7. Set S/L at High/Low of entry candle.
8. Either set own T/P or wait until next PTECZ.
9. Don't assume what price will do. Watch.
10. Be aware of historical PTECZ.
It cant be this simple can it?
Is this what you mean by it begins and ends with PTECZ? Sorry if iv got it wrong.
Nice 10 ammendments!

Wish it were just that easy!
Sometimes it is, if you are in the right Price and Time.
Also, you did not get the order right.
The order is:
Price Action, Historical PTECZ, Price Action, Current PTECZ, Price Action.

Another thing, is that I do not teach to place TP at any Candle, but at Historical PTECZ which is S/R at about Daily Range.

And, you might have noticed I often state that experience is also a very important factor.

You know what?

I suggest you try to find your own answer to your question by practising your 10 ammendments on demo.

If it turns out to be just that simple, for you, then you have got your Holy Grail!

Price always goes from Consolidation to Consolidation.
We, just don't know which Consolidation will turn out to be the Stop.
We can judge this by some factors, like Price Action, Daily Range and experience.

The Price can always do what it wants to do or what the decisive factors
(National Banks, Hedge Funds and other Big Guys) decide to do.

Not to mention some unexpected Higher Force factors.
Trade the facts, not opinions.
  • #2,738
  • Jun 13, 2013 5:13pm Jun 13, 2013 5:13pm
@gembel or ingoreman,
This is almost the full survey of how Price travels between PTECZs on H4.
This is why EURUSD is so difficult to Trade!
There are always so many Consolidation Levels.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 98 KB
Trade the facts, not opinions.
  • #2,739
  • Jun 13, 2013 5:35pm Jun 13, 2013 5:35pm
Quoting Red Herring
"You Enter Long at the Bottom of Bulls. You Enter Short at the Top of Bears "
Don't these two lines says what to do?
Following on the previous post,

No they don't.

After Exiting Long you may be Entering another Long,
or waiting in Consolidation, or Entering Short.

After Exiting Short you may be Entering another Short,
or waiting in Consolidation, or Entering Long.

Unless you are a deadly, precise machine which can take all the possible Trends and Sub-Trends.
Trade the facts, not opinions.
  • #2,740
  • Jun 13, 2013 5:49pm Jun 13, 2013 5:49pm
hi dadas.
thank you for your tribute.
I would like to show you this operation. I don.t know if it is correct.
Could you take a look?

USD/JPY tf =1D and 1H

On 1 day chart , the shadow of the last day candle , rappresent for me a ptecz.
So i have buy after the close of the 1h candle that broke this area. As you can see this candle is the one signed with "red X". The stop is 2 pips under this candle.
Is it correct.?

Sorry for my english, as you can see i have a lot of difficult to underd
stand the concept for my language. Thanks again
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