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Price Action in Day Trading by Dadas

  • #2,861
  • Jul 7, 2013 1:18am Jul 7, 2013 1:18am
DADAS,
I am really thankful for your strategy. i am a newbie in this market. fighting with strategies. Your strategy i guess one of the finest. there is risk but very optimized. Hope fully i will understand more about your PA technique.
Regards
  • #2,862
  • Jul 7, 2013 4:30am Jul 7, 2013 4:30am
Nice to see you are returning to this action, Dadas. What I have learnt from your system over the past few months (?) continues to improve my trading enormously and with significantly improved results. Am look forward to eyeing your wisdom some more. Thank you indeed and I intend contacting you some more shortly -on Skype when possible.
  • #2,863
  • Jul 8, 2013 3:13am Jul 8, 2013 3:13am
Quoting ShepherdL
{quote} Hi, Ejiexe, when I read this thread, I remember you joined this thread at the beginning. Then, you did not post often. Have you been using this method in your trading? Do you think it is good? Thanks.
I still use it up till this moment. It is very good.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #2,864
  • Jul 8, 2013 3:17am Jul 8, 2013 3:17am
Quoting Dadas
Think sessions! {image}
Why this?
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #2,865
  • Jul 8, 2013 3:24am Jul 8, 2013 3:24am
After this


Quoting Dadas
....... by which I mean that I will no longer post, I will no longer answer any questions posted, I will no longer assist anybody through this thread. 2. I will no longer distribute the PTECZ_Trader in any form, other than individually and only when I have got to know the person, which means that in order to receive the PTECZ_Trader, you will first have to join me on SKYPE, and we must get to know each other. 3. I will delete all attachments from Post# 1 and if anyone should be interested, they must do as in...
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #2,866
  • Jul 8, 2013 3:48am Jul 8, 2013 3:48am
Quoting ejiexe
{quote} I still use it up till this moment. It is very good.
Why don't you just share some of your experiences to help the newbies? Thanks.
  • #2,867
  • Jul 8, 2013 9:56am Jul 8, 2013 9:56am
Quoting ShepherdL
{quote} Why don't you just share some of your experiences to help the newbies? Thanks.
First you must know how to identify PTECZ, CSCZ, TBCZ from higher tf to lower tf. Once you can identify this the remaining is to read PA around them and go to lower tf for entry. Usually, I took my trade from 15min in direction of trend. If I will goo against the trend, I must see a PTECZ atleast on 4hr with a breakup or breakdown from higher historic PTECZ.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #2,868
  • Jul 8, 2013 9:24pm Jul 8, 2013 9:24pm
nice thread, tks Dadas & other was contribution to this method

I'm newbie, I'm going to learn step by step this method.

Hope your help, tks all.
  • #2,869
  • Jul 9, 2013 10:00am Jul 9, 2013 10:00am
I was sleeping so missed the continuation of the downtrend for EURUSD

H4:
Attached Image (click to enlarge)
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Nice opportunity on H1 to sell short after a sharp decline in price from the pink zone:
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  • #2,870
  • Edited 11:06am Jul 10, 2013 7:01am | Edited 11:06am
First of all : Thanks for Dadas for this wonderful thread .

I'm learned and found it interesting to combine the PA with Open Market
but you Should

"Keep it Simple & Stupid"

My modified strategy with PTECZ :

1. Using Active Open Market time to predicted where the price will go ( Sydney- Tokyo - London- New York)
the Rule :
A. when price closed under the Active open market ( go SHORT/ SELL ) , seller is most dominant
B. when price closed upper the Active open market ( go LONG / BUY ) , buyer is most dominant

The best prediction usually when: (If you want consistent 10 pips TP , this almost have 80% chance to 10 pips TP)
Sydney and Tokyo already open at short range , so I usually wait until this 2 market is open , but if you want to test when only Sydney open is up to you .. when price closed under this 2 active market go SHORT , or when price closed upper 2 active market go LONG
you can set the goal at history or yesterday open new york / open london ( usually price will go to this target ,then going backwards )

Usually it the same when london & new york open , closed upper (LONG) , closed lower (short).

Ah I forgot to tell :

If you trade at Sydney or Tokyo times , trade only the active market & active pair like JPY or AUD at asian session , GU at London open , EU&GU at New York Open , Dont trade like EU at Asian Session ... they re sleeping.


2. Choosing the PTECZ
if you still hard picking the PTECZ , you can use candle zone with index , Dadas provided it to see which candle is PTECZ with red diamond , it lies somewhere in the thread.

If you see the last post DADAS mentioned ( thinking subject ), we absolutely can enter aggresively with tight SL where we found the PTECZ
RECTANGLE the PTECZ , and when in the zone sell at Upper line of the zone & buy at lower line of the zone.

Thats the Theory ... Now see the picture :

Attached Image (click to enlarge)
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and next

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That is my modified version .. how i trade right now .. I'm using my old method with combined DADAS PTECZ tech ..
My rule is "Keep it SIMPLE & STUPID" , open market is just for predicticting the dominance of buyer & seller , but we never know what price is doing if there is a BIG NEWS so dont forget MM is important if you go aggresively entry ..

NO HOLY GRAIL .. NO ABSOLUTE THINGS like always WIN trade system Keep it in mind , I just want to share how I trade.
Comment is acceptable but I'm Stupid & simple , so dont expect much
  • #2,871
  • Jul 10, 2013 9:41am Jul 10, 2013 9:41am
My first practising: identify PTECZ
Do someone help me? correct it if i was wrong, tks.

D1 TF:
Attached Image (click to enlarge)
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H1 TF:
Attached Image (click to enlarge)
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  • #2,872
  • Jul 10, 2013 10:37am Jul 10, 2013 10:37am
Daily is not PTECZ
H1 is right PTECZ

PTECZ ( its POTENSIAL candle MAYBE end the trend / continue the trend (CONSOLIDATION ZONE) - we dont know if price will continue / move reverse )
1. its the first candle to move opposite of the trend (in ur chart , you use blue colour for UP trend , then PTECZ is small red candle beetween the blue candle)
thats why ur H1 PTECZ is right ,
2. shorter than candle before( the blue one more longer the red one)
3. DOJI (+) is considered as PTECZ

TBCZ is ENDING OF TREND
1. see ur H1, 5 candle before ur H1 PTECZ is the ENDING of uptrend ( the blue candle is TBCZ - engulfed by long red candle)
2. inside TBCZ there is PTECZ

If I remember in pages 79-85 , about that .. Dadas show us PTECZ to pick ,
how to read Price Action when price is entering the PTECZ zone in pages 81.

read it , hope u will find enlightment .
  • #2,873
  • Jul 10, 2013 10:49am Jul 10, 2013 10:49am
Quoting rubicube
First of all : Thanks for Dadas for this wonderful thread . I'm learned and found it interesting to combine the PA with Open Market but you Should "Keep it Simple & Stupid" My modified strategy with PTECZ : 1. Using Active Open Market time to predicted where the price will go ( Sydney- Tokyo - London- New York) the Rule : A. when price closed under the Active open market ( go SHORT/ SELL ) , seller is most dominant B. when price closed upper the Active open market ( go LONG / BUY ) , buyer is most dominant The best prediction usually when: (If...

Would you mind sharing your template to us, Rebicube, thank you.
  • #2,874
  • Jul 10, 2013 10:53am Jul 10, 2013 10:53am
Quoting rubicube
Daily is not PTECZ H1 is right PTECZ PTECZ ( its POTENSIAL candle MAYBE end the trend / continue the trend (CONSOLIDATION ZONE) - we dont know if price will continue / move reverse ) 1. its the first candle to move opposite of the trend (in ur chart , you use blue colour for UP trend , then PTECZ is small red candle beetween the blue candle) thats why ur H1 PTECZ is right , 2. shorter than candle before( the blue one more longer the red one) 3. DOJI (+) is considered as PTECZ TBCZ is ENDING OF TREND 1. see ur H1, 5 candle before ur H1 PTECZ is the...
Nope, his daily PTECZ is also a good one.
  • #2,875
  • Jul 10, 2013 11:19am Jul 10, 2013 11:19am
Quoting ShepherdL
{quote} Would you mind sharing your template to us, Rebicube, thank you.
Just this two
1. for Market open it set at my timezone GMT+7 ,dont know how to setting it ( It really doesnt need to be used , u can just add horizontal lines at open candle when sydney/tokyo/london/NY open, but if u use it please check "allow dll imports")

2. the rest is Dadas Candle zone with index .. just set the timeframe for PTECZ , and the true/ false Show PTECZ candle

Done thx

See at EU right now - PTECZ + open market history, so where u should entry ? the red diamond is possible PTECZ .. see the PA
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 32 KB
Attached File(s)
File Type: mq4 Custom_Zone_Candle_with_Index (2).mq4   13 KB | 513 downloads
File Type: mq4 AmrFX_Market_OPEN_SR_v1.6.mq4   38 KB | 556 downloads
File Type: ex4 AmrFX_Market_OPEN_SR_v1.6.ex4   35 KB | 451 downloads
  • #2,876
  • Jul 10, 2013 11:25am Jul 10, 2013 11:25am
tks rubicube.

i would like to explain why i was ignore the small red candle beetween the blue candle as u show:
- The first day of my week is Tokyo session
- The last day of my week is end of Monday's AU session
- But my broker still show it's daily but accrually it's only 4 hours (AU session) so i was ignore it.

U can see it with my pics below with 2 black dash line

I'm newbie & still continous read whole thread

many tks u again

D1 TF:
Attached Image (click to enlarge)
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H1 TF:
Attached Image (click to enlarge)
Click to Enlarge Name: S2.gif Size: 24 KB
  • #2,877
  • Jul 10, 2013 12:10pm Jul 10, 2013 12:10pm
Quoting zizoutoi
tks rubicube. i would like to explain why i was ignore the small red candle beetween the blue candle as u show: - The first day of my week is Tokyo session - The last day of my week is end of Monday's AU session - But my broker still show it's daily but accrually it's only 4 hours (AU session) so i was ignore it. U can see it with my pics below with 2 black dash line I'm newbie & still continous read whole thread many tks u again D1 TF: {image} H1 TF: {image}
don't worry , in fact I'm still learn anyway , I'm still confused if there are many PTECZ lurking around, you can know the best PTECZ when the time come,
if ure day trader, please choose only 2 daily PTECZ ( upper and lower the price right now)
H4 PTECZ is important PTECZ in my experience , TF 30 & H1 PTECZ can be used as entry ( more smaller more PTECZ comes , I stick to 30 or H1 usually)

I want this thread to come alive even Dadas the thread starter has left, we can have brain storming , whats good , whats wrong , if we still argue about PTECZ and dont find any ANSWER then we just waiting until the price is coming back to PTECZ and see whos wrong whos right , because Price in the future .is the answer

It seems so many traders viewing this thread , but so little come and post , but please posting with analysis so we can learn all together .
use DEMO first

I hope we can posting like :
1. Monthly (2 zone)- Weekly (2 zone)- Daily (2 zone) - 4H - 1H - POST

2. Post how you read the price action in PTECZ using CSCZ before entry . ( save as picture ur entry)

3. Analysis ur ENTRY ? why u entry? entry to late / to early ? what do you see? Wheres ur exit ? Why do You choose that Exit? - POST

4. We can see right or wrong tommorrow , and we can discuss where it was wrong or where it was right , how was ur entry? , how was ur exit ?

5. Are you full time trader ( on the PC and watching all the time ) or part time trader ( open at morning - go to work- and see how ur trade when ure back from work) . If ure part time trader .. please dont change ur SL & TP , I think we want to know how precision to find our target pips, is it too greedy or not?

Thanks & Regards...
  • #2,878
  • Jul 10, 2013 1:29pm Jul 10, 2013 1:29pm
My first post in the group that I follow some time.

I have some questions related to the use of the MR system Given, it is better to put images with ease.

In this image, I have two green areas that are by my understanding PTZEC areas. I just wanted to confirm with the staff of the group if I am correct.

The second. Bringing the TF for 15 min, I found these two more in other colors.

My question regarding this is: What's this worth to TF would be smaller than the PTZEC eesta inside another with higher TF? In this case, only the second PTZEC?
Attached Image(s) (click to enlarge)
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  • #2,879
  • Jul 10, 2013 4:05pm Jul 10, 2013 4:05pm
Quoting lumiche
My first post in the group that I follow some time. I have some questions related to the use of the MR system Given, it is better to put images with ease. In this image, I have two green areas that are by my understanding PTZEC areas. I just wanted to confirm with the staff of the group if I am correct. The second. Bringing the TF for 15 min, I found these two more in other colors. My question regarding this is: What's this worth to TF would be smaller than the PTZEC eesta inside another with higher TF? In this case, only the second PTZEC? {image}...
The more smaller TF ,the more PTECZ you can find, the more confused u're , so why I always says stick to at least 4H PTECZ as important PTECZ if there is 1H PTECZ inside it, mark it again.
The higher TF PTECZ is more important ,thats why Dadas always stick to his rules from Monthly to Smaller TF , see the global posititon of the price, the purpose here is " not Scalping " , we can entry knowing the target ( zone to zone in higher TF , mostly 4H is I think the best for daily trader, we have some decent range from 4h zone to 4h zone )..

Price is raging in the market , always consolidation all the time because buyer & seller , thats why we should find the consolidation zones , where supply and demand is balancing , thats why it called zones , there is no precision number.

If you re finding PTECZ in 4H , RECTANGLE it body and shadow now you have 4 Hour market consolidation zones (CSCZ) , read the PRICE ACTION with smaller TF - it is continuation or reverse , assume it moved again leaving the zones , continue trend and makes new PTECZ ( rectangle again and read the price action inside PTECZ - continuation or reverse) .

See pages 81 , how to read price action ...

smaller TF PTECZ its just more detailed for entry when you missed trades but you want to buy low sell high in consolidation zones , sometimes is not important when ure already entry position based on higher TF position, always read price action candle by candle in new PTECZ zones .
We dont know what happen next ,but we can see the market behaviour , who is more dominant buyer or seller when it is consolidating the price, if buyer win , the price go up , seller win the price go down.
  • #2,880
  • Jul 10, 2013 9:55pm Jul 10, 2013 9:55pm
Quoting rubicube
{quote} don't worry , in fact I'm still learn anyway , I'm still confused if there are many PTECZ lurking around, you can know the best PTECZ when the time come, if ure day trader, please choose only 2 daily PTECZ ( upper and lower the price right now) H4 PTECZ is important PTECZ in my experience , TF 30 & H1 PTECZ can be used as entry ( more smaller more PTECZ comes , I stick to 30 or H1 usually) I want this thread to come alive even Dadas the thread starter has left, we can have brain storming , whats good , whats wrong , if we still...
@rubicube
agree with u. hope we can learn all together, tks.
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