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Price Action in Day Trading by Dadas

  • #2,881
  • Jul 11, 2013 4:26am Jul 11, 2013 4:26am
Its not really good Entry because too early , if I'm more patience , it will be good entry with maximize profit , but I hate missed good trade .
I love trading EJ in the morning , good range , and its really fast move in the morning .
I'm still working on emotion & confidence about TP , so usually I cut profit even My TP is right (usually when I'm closed my trade , the price will go on , when i'm holding my trade , the price going reverse ... )

If you see TF H1 , you will see I'm trade inside H1 PTECZ

using Market open + PTECZ , important PTECZ at 4H, 1H , and 30 and entry in TF15
this is the entry :
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  • #2,882
  • Jul 22, 2013 1:01pm Jul 22, 2013 1:01pm

This info is worth any money you can imagine!

Inserted Video

Trade the facts, not opinions.
  • #2,883
  • Jul 22, 2013 11:21pm Jul 22, 2013 11:21pm
Quoting Dadas
This info is worth any money you can imagine! http://www.youtube.com/watch?v=fRItG...QXCwd9&index=3
Good talk! Thanks.
  • #2,884
  • Edited 3:01am Jul 24, 2013 2:37am | Edited 3:01am
hi guys
What is your log-based system​؟
Are you not using the divergence؟
what is what is the best entry point in system. breakout- engulfing - pulback - 123 -
  • #2,885
  • Jul 24, 2013 9:05am Jul 24, 2013 9:05am
My practising trade with GOLD by this method on Demo acc. Anyone could comment or correct me if i wrong, tks all.

MN:

- Stong Bear 3 previous MNs

- Current month Bull. Maybe end of Bear or retrace on Bear

- I plot PTECZs fit to R/S of current price level


Attached Image (click to enlarge)
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W1:

- Bull 2 previous Ws

- Current W is Bull

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D1:

- Bull start Jun 28

- Current day is Bear but not close.


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H4:

Narrow down to H4 to look for entry. I saw a candle break down H4 PTECZ. I switch to M30 to watch PA.


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M30:

I saw price didn’t want to go up. I decided play on retrace and enter after price retrace into M30 PTECZ with high lower previous high as picture bellow (miss some pips bcos thinking). After all I got it.

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  • #2,886
  • Jul 24, 2013 10:14am Jul 24, 2013 10:14am
Quoting zizoutoi
My practising trade with GOLD by this method on Demo acc. Anyone could comment or correct me if i wrong, tks all.
Trade the facts, not opinions.
  • #2,887
  • Jul 24, 2013 4:44pm Jul 24, 2013 4:44pm
Quoting Dadas
{quote}
How are you Mr. Dadas? i hope you are fine. nice to see you here. take care.
  • #2,888
  • Jul 24, 2013 9:28pm Jul 24, 2013 9:28pm
Quoting Dadas
{quote}
Hi Dadas,

Long time see U.

Tks for your encouragement. I just had read half of thread and still reading whole thread, but I'll practise step by step. Hope I'll approach this method fine.

Have a successful day.
  • #2,889
  • Jul 25, 2013 8:51am Jul 25, 2013 8:51am
Hi all & Dadas if u are in here,

Today I had losing trade in GOLD and I had been learn a study case about follow up trade within economic news release

I saw the price break down after 12 hours consolidation in H4 TF. Then I had next candle is retracing.

I switch to lower TF to look for sell entry at top and finaly I got it. Then I went away to do other somethings when I come back the price hit my SL

I wondered "What's happen?". Today i forgot tracking economic news calendar (my work is busy). Then I find out a news of USD with red number at the moment

The above is only personally thinking. Maybe I'm wrong in my analysis.

Anybody here comment for me, tks advance.

H4:
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M5:
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  • #2,890
  • Jul 25, 2013 1:08pm Jul 25, 2013 1:08pm
Quoting zizoutoi
Hi all & Dadas if u are in here, Today I had losing trade in GOLD and I had been learn a study case about follow up trade within economic news release I saw the price break down after 12 hours consolidation in H4 TF. Then I had next candle is retracing. I switch to lower TF to look for sell entry at top and finaly I got it. Then I went away to do other somethings when I come back the price hit my SL I wondered "What's happen?". Today i forgot tracking economic news calendar (my work is busy). Then I find out a news of USD with red number at the...
2 things, zizoutoi:
1. Trading the H4 picture you should go for bigger Pips, not 5-20 but 60-140 Pips or more (on GOLD).
2. If trading by H4, (or any other TF), you always wait for Candle to Close - always.


As for news issues:
I have recently heard a very important comment on Price movements versus News.
Banks don't make trading decisions in seconds.
There are procedures which take days, not minutes or hours even.
The News effect is not there because of today's news.

Price Action is the clue - always.
Price Action was Long.

I posted this, because I felt like doing it.

I have been working on a more systematic Day Trading method, maybe simpler,
assuming one has the knowledge contained in all the previous posts of my thread.

I think it should be called "Follow the Price".
Though, it contains all the elements I present in this thread.

Generally, it looks like this:
Attached Image (click to enlarge)
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Trade the facts, not opinions.
  • #2,891
  • Jul 25, 2013 2:21pm Jul 25, 2013 2:21pm
good to see you back!!!!@Dads
don't predict direction, but dance with flow of water
  • #2,892
  • Jul 25, 2013 9:25pm Jul 25, 2013 9:25pm
Quoting Dadas
{quote} 2 things, zizoutoi: 1. Trading the H4 picture you should go for bigger Pips, not 5-20 but 60-140 Pips or more (on GOLD). 2. If trading by H4, (or any other TF), you always wait for Candle to Close - always. As for news issues: I have recently heard a very important comment on Price movements versus News. Banks don't make trading decisions in seconds. There are procedures which take days, not minutes or hours even. The News effect is not there because of today's news. Price Action is the clue - always. Price Action was Long. I posted this,...
Many tks for your response, Dadas.

One worth experience for me to trade with GOLD later, I'll learn more and hope your teaching in next times if possible

Maybe, I still assume where the price move in my thinking at that moment, give up give up......

Your chart looks very clearly, I believe you'll finish soon & success with it.

Have a good day.
  • #2,893
  • Jul 25, 2013 11:41pm Jul 25, 2013 11:41pm
still reading back n forth this thread...glad to see u again dadas, i hope you can post more.
  • #2,894
  • Jul 26, 2013 4:40am Jul 26, 2013 4:40am
Price Action in Day Trading by Dadas - The New Revision

My main issue in Trading has been the "bad habits" or maybe "self-discipline"
as far as practising what I preach. Especially the Full Analysis which is essential.
Every time I failed to do the Full Analysis, I got a Zonk!

However, I realise that this is a psychological issue and has nothing to do with knowledge.
So, I have been doing a lot of psychological research on how to cope with such issues.
You see, the fact that we know, does not mean we will do it!
Just because someone tells us what we should do, won't make us actually do it.

We (the Ego) always know better. After all, that is what we are, isn't it?

So, here is the trick - the "after" method. Use your existing habits to teach yourself new habits!
Make your "bad habits" your ally instead of your enemy!
"After I pee, I do 2 push-ups!"
You pee every day! That is what we all do, otherwise we are in big trouble and must be hospitalized!
Soon, you will be doing 20 push-ups with ease, or more.

So, this is where I begin now:
0. "After I start my computer and open my MT4, I do a set of analytical actions."
1. "After the W1 Candle Closes, I plot the CSCZ which sets the local High or Low."
2. "After the H4 Candle Closes, I plot the CSCZ which sets the local High or Low."
3. "After the H1 Candle Closes, I plot the CSCZ which sets the local High or Low."
4. "After the M5 Candle Closes, I plot the CSCZ which sets the local High or Low."

You have got to make a similar set of rules for yourself!
You must state these rules clearly, even out loud!

Now, all you need is some knowledge, the knowledge I have given on the first page.
You need to understand how the Candlestick is built and the elements it is built of.
It, actually, boils down to OHLC (Open, High, Low, Close).

After all, every Candlestick has a High value and a Low value, doesn't it?
So, there are 2 moments where the Price "swings" or changes direction.

These moments are visible on the chart as, usually, the Shadows.
The trick for us is to recognise those swing moments as early as possible
so that we can Enter Short at the Top and Long at the Bottom.

Obviously, the earliest we can see that is the M1 chart (one minute).
But, the M1 chart does not give us the big picture, unless you have a really huge monitor.

On the other hand, big Timeframes give us the big picture, but for Day Trading,
we are usully too late to Enter when the bigger Timeframe Candle Closes.

So, here is the trick how to recognise the best moment of Trend Reversal:
1. "After the W1 Candle Closes, I plot the CSCZ which sets the local High or Low."
2. "After the M5 Candle Closes, I plot the CSCZ which sets the local High or Low."
3. "After the H1 Candle Closes, I plot the CSCZ which sets the local High or Low."

4. "After the H4 Candle Closes, I plot the CSCZ which sets the local High or Low."

The rest you should already know.
Price Action, PTECZ, Trend.

This is the picture to get:
Attached Image (click to enlarge)
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The price swings where it bounces off.
You see, even if you enter right after the H4 Closes, on the Break of the H4 CSCZ,
you are still good for good Pips, because you are in a strong H4 Trend.

Anyway, the set of rules is what makes the big difference!
The simple set of rules that you only have to follow - do it "after"!


Enjoy!
Trade the facts, not opinions.
  • #2,895
  • Jul 26, 2013 7:51am Jul 26, 2013 7:51am
Yes very true l!!
don't predict direction, but dance with flow of water
  • #2,896
  • Jul 28, 2013 2:51pm Jul 28, 2013 2:51pm
Quoting Dadas
Price Action in Day Trading by Dadas - The New Revision My main issue in Trading has been the "bad habits" or maybe "self-discipline" as far as practising what I preach. Especially the Full Analysis which is essential. Every time I failed to do the Full Analysis, I got a Zonk! However, I realise that this is a psychological issue and has nothing to do with knowledge. So, I have been doing a lot of psychological research on how to cope with such issues. You see, the fact that we know, does not mean we will do it! Just because someone tells us...
Hi Dadas,

I am very glad to see you back in action on the thread! I am still practising your teachings and find them very useful!

About your last post, is there a specific reason not to mention the plotting of D1 and 15M CSCZ? You mentioned W,H4,H1 and M5 because they are more reliable or it's just a matter of personal selection (since it's impossible to draw them all)?

And another question that I have in my mind since a long time: do you expect PTECZ and CSCZ to loose energy after they are passed through by the price? i.e. the fresher the better? Because you like to catch some PTECZ from the past, and now you talk about plotting the latest CSCZ which are form the last H4 or so.... do you see differences between picking an old and historical area against a new and fresh one?

Thanks for your support!!!!
Ciao Puma
  • #2,897
  • Jul 28, 2013 3:59pm Jul 28, 2013 3:59pm
Quoting puma
About your last post, is there a specific reason not to mention the plotting of D1 and 15M CSCZ?
You mentioned W1, H4, H1 and M5 because they are more reliable or it's just a matter of personal selection (since it's impossible to draw them all)?
This is my trading rythm for GOLD.
W1 for the week.
H4 for the in-day-trading,
H1 for the in-day-trading,
M5 or M1 for the best Entries.
Think Candle Transition time!

So, the rest is the same as before, like estimating Pip Potential, and so on.
But, there is a strict set to follow - meaning I won't forget the W1 SR Levels!

Quoting puma
And another question that I have in my mind since a long time: do you expect PTECZ and CSCZ to loose energy after they are passed through by the price? i.e. the fresher the better? Because you like to catch some PTECZ from the past, and now you talk about plotting the latest CSCZ which are form the last H4 or so.... do you see differences between picking an old and historical area against a new and fresh one? Thanks for your support!!!! Ciao Puma
You see, this is not a wise question, unprecise.
You need the current Candle Transition time CSCZ for your trading rythm,
and you need the historical ones for you SR (Pip Potential) levels.

PTECZ, you should be seeing by now without the necessity to plot!
You should recognise them as Stops on the Trend (Train's journey).
Trade the facts, not opinions.
  • #2,898
  • Aug 1, 2013 5:54pm Aug 1, 2013 5:54pm
Here is my last job thats purpose is find super demand or supply zones. it is testing level. it seems working.

first we join top with previous closest top(bottom with previous closest bottom) in monthly chart. coral colour.

Second we join top with previous closest top(bottom with previous closest bottom) in weekly chart. dodgerblue colour.

Third fwe join top with previous closest top(bottom with previous closest bottom) in daily chart. gray clour.


after that we find intersect zones with other timeframes. intersect of 3 TF is called super demand or supply zone.


here is legand.


Attached Image



here is monthly


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here is weekly

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Here is daily


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here is 4 hour for ensuring zone actions. not to draw zone.


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  • #2,899
  • Aug 1, 2013 7:37pm Aug 1, 2013 7:37pm
How can you read something in this mess?
  • #2,900
  • Aug 1, 2013 7:42pm Aug 1, 2013 7:42pm
Quoting phi1ipp
How can you read something in this mess?

look at legand. colours tell everthing. every colour is support(or resistence). some of them is strong some of them is weak. you can see everytimeframe trader who trade with their TF. you can see every TF in one window. PTECZ-TBCZ-CSCZ come from this base i think.
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