Price Action in Day Trading by Dadas | Page 184 | Forex Factory

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Price Action in Day Trading by Dadas

  • #3,661
  • May 27, 2014 7:35pm May 27, 2014 7:35pm
Quoting Dadas
2. My own reality view: So, I get up and start the system. It it ca. 9:30 GMT+1 = 8:30 GMT I see this picture, where the Orange vertical dash line is: {image} So, either I make a quick Long entry, looking at Daily Range, or forget it. I wait to see what happens at the top, drawing my PTECZs. {image} Notice, the red Candle at the top of Engulfing character The following short Candle is the PTECZ. Having my upper PTECZ and the one lower, I crosshair the Short retrace is worth ca. 50 Pips. I am a Daytrader, that is a lot of Pips for me. I switch to...
Good lessons, but you told - don't entry opposite trade, so it's possible ...
  • #3,662
  • May 28, 2014 1:47am May 28, 2014 1:47am
Quoting safrash
{quote} What can you advise in watching charts for 20 pairs at the same time not to miss trade on short time frames, is it possible to switch between tabs every minute?
I can not advise anything.
Nobody can actually watch 20 pairs and not miss any situation.
This task is practically impossible for the human being.
I can watch 3 pairs and I will still miss opportunities.
You don't need to watch 20 pairs, you need only 1 pair to make money.

But, you are asking for loss.
Trade the facts, not opinions.
  • #3,663
  • May 28, 2014 1:49am May 28, 2014 1:49am
Quoting safrash
{quote} Hi Dadas {image}
This is not a PTECZ.
It is a Break Out Candle which I also call Significant Break Out Candle (SBOC).
Trade the facts, not opinions.
  • #3,664
  • May 28, 2014 1:52am May 28, 2014 1:52am
Quoting safrash
{quote} Good lessons, but you told - don't entry opposite trade, so it's possible ...
I am advising you.
I can't tell you what to do, it's your life, your trading!
It's better to trade with the Trend.
However, if you see a good setup, trading means taking risk.
If Price is in consolidation inside the previous trend candle, ie. Long Trend Candle,
the general trend is still Long until Price Breaks the Open of that Long Candle.
The BO must close below the Open at least on H1/H4.
That is the signal for the general Trend Swing.

However, if you wish to chase the market, I will tell you one thing, I have been there, it's not good trading.
You will win, then you will lose.

The way you are trading, you will lose 70%+ of your account.
Trade the facts, not opinions.
  • #3,665
  • May 28, 2014 2:51am May 28, 2014 2:51am
Quoting safrash
{quote} I know dear all this, have learned and use in practice, this account no deposit bonus and I must profit during 3 days , then bonus returns, but unfortunately results not good, I have 2 days Good +15 pips by your good methodology
Look safrash, you don't need to bullshit anybody, here.
Unless you are the owner of a 5-star hotel on Sharm-El-Sheik, $100 is a lot of money for you.
You think you can get rich trading with $100 account.
Well, all kinds of things happen in this world.
Some people win $100 000 000 in the Lottery.

This picture shows clearly what you are doing:
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-05-28_090627.png Size: 32 KB

You have invested $92.44 and you were left with $7.57 free margin.
I don't know when your broker gives you the margin call (Stop Out),
but, if it is 100% then you were 7.57 Pips away from Stop Out, which case isn't bad
because you still preserve the $92.44.
However, if your broker's Stop Out is 30%, then you would lose a lot more.

You can only afford 0.01 Lot maximum.
Why? Because if you pay attention to Risk/Reward ratio, you can always make up for your losses and profit.

Knowing it is one thing, parctising it is another thing.
So, don't tell me that you know all this!
Practise it!
Trade the facts, not opinions.
  • #3,666
  • May 28, 2014 4:57am May 28, 2014 4:57am
Quoting Dadas
{quote} 1. The Trend Begining Consolidation Zone (TBCZ): It is the Candle of opposite direction, preceeding the BreakOut Candle .
...preceeding the BreakOut only or BreakDown too?
Attached Image (click to enlarge)
Click to Enlarge Name: TBCZ.png Size: 119 KB
  • #3,667
  • May 28, 2014 5:09am May 28, 2014 5:09am
safrash, if you want to have up to 30 minicharts on one MT4 chart, look for:
pipware-minichart-v3.0.mq4
pipware-minichart-v3.0.ex4
Trade the facts, not opinions.
  • #3,668
  • May 28, 2014 5:09am May 28, 2014 5:09am
Quoting Dadas
{quote} 2. The Potential Trend Ending Consolidation Zone (PTECZ): It is the Candle of opposite direction, just after the Trend Candle. It signifies, shows a Consolidation Zone from some lower Tf. It is labelled "Potential", because it can prove to be a signal of trend reversal. Or, it can just prove to be a local Price Consolidation in the Trend Continuation.
What is different between PTECZ and reversal of trend and how determine it? Indicator Custom_Zone_Candle determine all opposite candles after trend, as PTECZ or Begin of Trend ...
  • #3,669
  • May 28, 2014 5:10am May 28, 2014 5:10am
Quoting safrash
{quote} ...preceeding the BreakOut only or BreakDown too? {image}
Both. We are using the term "BO" for both directions.
Trade the facts, not opinions.
  • #3,670
  • May 28, 2014 5:16am May 28, 2014 5:16am
Quoting safrash
{quote} What is different between PTECZ and reversal of trend and how determine it? Indicator Custom_Zone_Candle determine all opposite candles after trend, as PTECZ or Begin of Trend ...

PTECZ = Potential Trend Ending Consolidation Zone


Reversal of trend is when trend reverses, swings, goes in the other direction.

You can't determine that!!! You see it when it has already happened.

There are no indicators to determine that!!!


PTECZ is NOT begining of trend!!!

PTECZ = Potential Trend Ending Consolidation Zone

Trade the facts, not opinions.
  • #3,671
  • May 28, 2014 7:35am May 28, 2014 7:35am
Quoting Dadas
{quote} PTECZ = Potential Trend Ending Consolidation Zone Reversal of trend is when trend reverses, swings, goes in the other direction. You can't determine that!!! You see it when it has already happened. There are no indicators to determine that!!! PTECZ is NOT begining of trend!!! PTECZ = Potential Trend Ending Consolidation Zone

Sorry, there is one indicator which determines that.

It is THE CHART!!!

Trade the facts, not opinions.
  • #3,672
  • May 28, 2014 4:12pm May 28, 2014 4:12pm
Hello, Dadas
PTECZ = Potential Trend Ending Consolidation Zone Reversal of trend is when trend reverses, swings, goes in the other direction.

How your indicator Custom_Zone_Candle know what Candle will be on D1 chart and determine in 00:00 Candle as PTECZ, next candle not closed, may be Bullish, may be Bearish , and now candle is third trend Candle in Bullish Trend
Attached Image (click to enlarge)
Click to Enlarge Name: PTECZ_D1.png Size: 116 KB
  • #3,673
  • May 29, 2014 2:03am May 29, 2014 2:03am
Quoting safrash
How your indicator Custom_Zone_Candle know what Candle will be on D1 chart and determine in 00:00 Candle as PTECZ, next candle not closed, may be Bullish, may be Bearish , and now candle is third trend Candle in Bullish Trend {image}
My indicator does not know the future.
My indicator plots the already closed Candle.
Custom_Zone_Candle.mq4, if set to Custom_Zone_Candle_Tf = 1440 and Custom_Zone_Candle_Shift = 1,
plots the last closed D1 Candle in the Zone style to see the Price Action of a lower Timeframe according to
D1 Resistance and Support Zones, and Break Levels.
Custom_Zone_Candle.mq4 does not plot PTECZ specifically!
Custom_Zone_Candle.mq4 plots any candle!
Attached Image (click to enlarge)
Click to Enlarge Name: attachment.php.png Size: 106 KB
Trade the facts, not opinions.
  • #3,674
  • Edited 3:22am May 29, 2014 2:27am | Edited 3:22am
Safrash, I can see that you are having serious problems with understanding.
One possibility is that your level of English is very poor, and the solution would be
to get somebody who knows English very well and can translate to you.
The second possibility is that you are not studying the thread post by post from the very begining.

I am sorry to say that, but you are asking very, very stupid questions.
Questions, which have already been answered many times before.
I don't know why I haven't ignored you from posting on my thread, yet?

There are other threads which cover the basics of trading and MT4 platform.
I suggest that you learn the basics before you try to learn any method of trading.

I told you already, it must take minimum 3 years and more.
There are no shortcuts, and you are not a very intelligent person, sorry to say that to you!
Trade the facts, not opinions.
  • #3,675
  • May 29, 2014 9:16am May 29, 2014 9:16am
Quoting Dadas
Safrash, I can see that you are having serious problems with understanding. One possibility is that your level of English is very poor, and the solution would be to get somebody who knows English very well and can translate to you. The second possibility is that you are not studying the thread post by post from the very begining. I am sorry to say that, but you are asking very, very stupid questions. Questions, which have already been answered many times before. I don't know why I haven't ignored you from posting on my thread, yet? There are other...
Hi Dadas
I am not an Englishman to know English well and a low level language does not mean that we should not learn to trade. There are many forums in languages ​​that I know, but your method attracted me, so if you come for training, then be patient and do such relief as I am. Thank you very much.
  • #3,676
  • May 29, 2014 9:22am May 29, 2014 9:22am
Quoting Dadas
Safrash, I can see that you are having serious problems with understanding. One possibility is that your level of English is very poor, and the solution would be to get somebody who knows English very well and can translate to you. The second possibility is that you are not studying the thread post by post from the very begining. I am sorry to say that, but you are asking very, very stupid questions. Questions, which have already been answered many times before. I don't know why I haven't ignored you from posting on my thread, yet? There are other...

Reason of this not understanding trade, but low level of language proof of my trading and the ability to learn
Attached Image (click to enlarge)
Click to Enlarge Name: trade_safrash.png Size: 108 KB
  • #3,677
  • May 29, 2014 10:11am May 29, 2014 10:11am
Quoting safrash
{quote} Hi Dadas I am not an Englishman to know English well and a low level language does not mean that we should not learn to trade. There are many forums in languages ​​that I know, but your method attracted me, so if you come for training, then be patient and do such relief as I am. Thank you very much.
I am the most patient person in this world!
I am not English, either.
I am Polish and my native language is Polish.
This doesn't mean that I can't know English very well.

This is my thread, and it is you who must comply, not me.
I can choose my students and refuse the ones I don't like.

However, I am happy that you are learning and starting to trade more sensibly!
Trade the facts, not opinions.
  • #3,678
  • May 29, 2014 10:16am May 29, 2014 10:16am
Let us trade
Attached Image (click to enlarge)
Click to Enlarge Name: usd_jpy_tp.png Size: 106 KB
  • #3,679
  • May 29, 2014 10:37am May 29, 2014 10:37am
Quoting safrash
Let us trade {image}
Do you know that you can drag your trade from Account history,
and drop it onto the chart to show it and to analyse your trading?

Try it some time!
Trade the facts, not opinions.
  • #3,680
  • May 29, 2014 10:42am May 29, 2014 10:42am
Quoting safrash
Let us trade {image}
Now, tell me why did you go Short?
Show me your analysis and your reasons.
Trade the facts, not opinions.
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