tank you Mr dadas for your coach and I hope you still learn Price Action in here...Because with you tread I become understand how forex work..
Price Action in Day Trading by Dadas
- #2,854
- Edited 7:56pm Jul 4, 2013 11:31am | Edited 7:56pm
This was nice thread .. I enjoyed reading it time after time ... I just knew this thread last week , Dadas have already left this thread ..
I'm still learning but here is my full analysis ( because Dadas have already left this thread , so basically I'm learning by myself by reading and I'm still learning and learning everyday, If I'm wrong correct me )
I'm stick to not naming and just drawing the zones like Dadas says "if you can pick the zones but still wrong naming it , then dont labeled it with name "
What so hard is to choose the most important zones , because if you trading 30/1H chart , you will see so many zones in the way , price will bouncing up down up down in that zone , you can scalp with smaller TF , but if your RR is good enough , stick to H4 zones. Look for the Zone(smaller TF) in the important zone for precise entry .. the best is when price retest to inside zone(smaller TF) then retest again in important zones (H4)
please sit and Enjoy my analysis .. EURO-JPY 4 July
I'm Day Trader so I go from Weekly , Monthly is too wide and the price is in still between weekly zone so I go for it ..
WEEKLY
Daily
Too many spikes on daily .. I'm Confused ..So I stick with Weekly Zones
4H
Price is between these 4H zones so I stick to this Zones .
TF30
More ZOomed out
At this time of trade I'm already entry and I'm too late to see the 1H TF forming DOJI ( still confuse about changing TF and the candle become something else , my mistakes
.. considered it as zone , now u can see more clearer inside zone, the best entry when price is retest the inside zone and important zones and entry more precisely in smaller TF ,
use smaller TF for precise entry ...
Thanks & regards
I'm still learning but here is my full analysis ( because Dadas have already left this thread , so basically I'm learning by myself by reading and I'm still learning and learning everyday, If I'm wrong correct me )
I'm stick to not naming and just drawing the zones like Dadas says "if you can pick the zones but still wrong naming it , then dont labeled it with name "
What so hard is to choose the most important zones , because if you trading 30/1H chart , you will see so many zones in the way , price will bouncing up down up down in that zone , you can scalp with smaller TF , but if your RR is good enough , stick to H4 zones. Look for the Zone(smaller TF) in the important zone for precise entry .. the best is when price retest to inside zone(smaller TF) then retest again in important zones (H4)
please sit and Enjoy my analysis .. EURO-JPY 4 July
I'm Day Trader so I go from Weekly , Monthly is too wide and the price is in still between weekly zone so I go for it ..
WEEKLY
Daily
Too many spikes on daily .. I'm Confused ..So I stick with Weekly Zones
4H
Price is between these 4H zones so I stick to this Zones .
TF30
More ZOomed out
At this time of trade I'm already entry and I'm too late to see the 1H TF forming DOJI ( still confuse about changing TF and the candle become something else , my mistakes
.. considered it as zone , now u can see more clearer inside zone, the best entry when price is retest the inside zone and important zones and entry more precisely in smaller TF ,use smaller TF for precise entry ...
Thanks & regards
- #2,855
- Jul 4, 2013 9:42pm Jul 4, 2013 9:42pm
This was nice thread .. I enjoyed reading it time after time ... I just knew this thread last week , Dadas have already left this thread .. I'm still learning but here is my full analysis.......
Hi rubicube, and welcome to FF, and thank you for the analysis.
It is an opportunity to discuss the method and hopefully we can all learn from it.
Just wanted to comment on 2 points and will be interested to know if others agree.
1. If I have learnt anything from Dadas, it is that our GPS is most important, so we ignore the MN at our peril.
It can provide important clues. (Just look at the AUDusd). In the case of EURJPY we see that prices appears to be in a range and I have selected the Ptecz's that include the relevant zones.
2. On the weekly, the upper candle you have marked is not a Ptecz as defined by Dadas.(....reverse direction Candle with shorter Body!)
See:http://www.forexfactory.com/showthre...34#post6658134
I have used candle index 191, which includes more of the price action.
- #2,856
- Jul 5, 2013 9:38am Jul 5, 2013 9:38am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Think sessions!
Trade the facts, not opinions.
Hi Dadas . Nice to meet u . and Welcome back ...
My analysis & What I see from your picture was :
1. Price is moving from green zone to another green zone in this case (PTECZ to PTECZ) - see Detail A to more detailed
2. When price inside the zone , We wait & see PA using CSCZ , CSCZ is used in PTECZ zone so we can see & predict where the movement will go ... we can entry aggresively by SELL at top CSCZ & Buy at Bottom CSCZ by looking at PA
like Detail A .. more detailed in smaller TF -Detail B
Detail B
3. Your target is new build PTECZ zone , and continue by looking PA inside CSCZ if it was a continuation trend or Reversal Trend TBCZ area , and historical PTECZ when price go retest for the 2-3 time in the future before overcome it.
When I'm more understable & more experienced with your Trading system , i would like to have a Skype Appointment with you, Dadas
Thanks & Regards ..
My analysis & What I see from your picture was :
1. Price is moving from green zone to another green zone in this case (PTECZ to PTECZ) - see Detail A to more detailed
2. When price inside the zone , We wait & see PA using CSCZ , CSCZ is used in PTECZ zone so we can see & predict where the movement will go ... we can entry aggresively by SELL at top CSCZ & Buy at Bottom CSCZ by looking at PA
like Detail A .. more detailed in smaller TF -Detail B
Detail B
3. Your target is new build PTECZ zone , and continue by looking PA inside CSCZ if it was a continuation trend or Reversal Trend TBCZ area , and historical PTECZ when price go retest for the 2-3 time in the future before overcome it.
When I'm more understable & more experienced with your Trading system , i would like to have a Skype Appointment with you, Dadas
Thanks & Regards ..
- #2,858
- Edited 3:47am Jul 6, 2013 3:36am | Edited 3:47am
So here is what I read from PTECZ:
The current price is approaching the low of the nearest MN1 PTECZ, which is 1.4780ish, only 100 pips away.
Considering the message from Mark Carney's , the new governor, first show, I think it is very possible that price will continue down and break 1.4780ish and then lower.
So my plan for next week would be waiting for some pullback and close my long at 1.5075, and sell at the same time.
Then if the above-mentioned 1.4780 breaks, the potential stop would be W1 PTECZ, of which the high is 1.4620ish.
I would close my shorts and reverse to long...
But I don't know. Let's see what price will be doing next week.
