Price Action in Day Trading by Dadas | Page 185 | Forex Factory

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Price Action in Day Trading by Dadas

  • #3,681
  • May 29, 2014 1:44pm May 29, 2014 1:44pm
Quoting Dadas
{quote} Now, tell me why did you go Short? Show me your analysis and your reasons.
Yes, of course
I trend on M30 TF reference TF D1. Open chart and see in this day down trend, not difficult situation, all next local high low previous local high, local low too low previous local low, this is bearish trend. Then I switched to D1 TF and see second bearish candle after big bearish Engulfing candle, it confirms my watching (now not this situation, it changed). Forgotten on m30 TF I saw breakdown bearish candle beaked Zone, price down and reversed to the Resistance level and next candle - PTECZ. I decided Enter Short, for this I switched to the M5 for finding better moment . On m5 TF after closed bearish candle below Resistance level ENTER SHORT and order 10SL/20 TP, look to the Daily Range Indicator and understand volatility potential of this pair. Trade was successful
Thank you for teaching
  • #3,682
  • May 29, 2014 5:49pm May 29, 2014 5:49pm
Hi/ Dadas
What is blue circle near candle and clock?
  • #3,683
  • May 29, 2014 5:56pm May 29, 2014 5:56pm
Quoting Dadas
USDJPY {image} The refference is MN (43200) Zone_Candle_Index = 1. Price danced around MN Candle Body Middle Line (the Green Dash Line). Price bounced up of MN Support Zone. Price Broke Out MN Candle Body Middle Line then W1 Candle Body Middle Line Price Broke Out MN Resistance Zone. PTECZ ended the Bullish Trend for now. M5 with just the H1 PTECZs as they were. {image}
I have now Body Middle Line? How check it?
Attached Image (click to enlarge)
Click to Enlarge Name: Custom_Zone_Indicator_Candle.png Size: 142 KB
  • #3,684
  • Edited 10:48pm May 29, 2014 10:17pm | Edited 10:48pm
Quoting safrash
{quote} ..........................
First, your English is very, very bad, and it is hard for me to read your posts with understanding.
2-3 images with your analysis is better than 1000 words.

Second, I have no idea what blue circle you are talking about???
Again, an image would be better, though, I don't remember any circles on the Custom_Zone_Candle.mq4.

Third, the same with your line in the middle.
I don't know what you're talking about?

Anyway, try cleaning up your chart from time to time by deleting all objects.

PS. I just remembered. The middle line is just that, the middle price level of a candle ( (High+Low)/2 ).
It is not an element of the Custom_Zone_Candle.mq4 .

I told you before, you are lacking basic Forex technical knowledge,
and this is not the thread to teach you basic Forex knowledge.
If you don't know the basics, you will stumble upon obstacle after obstacle as you go along this thread.
I will repeat again, 3 years learning is the least you need.
Trade the facts, not opinions.
  • #3,685
  • May 29, 2014 10:57pm May 29, 2014 10:57pm
@safrash
Concerning your USDCAD Short Trade:
This is an example of your lack of knowledge.
Anyway, if you just stick to Money and Risk Management, you can afford to lose this one.
Trade the facts, not opinions.
  • #3,686
  • May 30, 2014 1:46am May 30, 2014 1:46am
Quoting Dadas
Second, I have no idea what blue circle you are talking about??? Again, an image would be better, though, I don't remember any circles on the Custom_Zone_Candle.mq4.
I remeber, now.
It's my old way of showing the current Bid Price.
It's associated with an indicator.

You keep on asking me question from ancient history.
Don't expect me to remeber everything from the past!
I don't live the past.
I live the present!
Trade the facts, not opinions.
  • #3,687
  • Edited 3:42pm May 31, 2014 2:47pm | Edited 3:42pm
Quoting Dadas
{quote} First, your English is very, very bad, and it is hard for me to read your posts with understanding. 2-3 images with your analysis is better than 1000 words.
Please, my teacher

Sorry, mistake in picture not up - TREND DOWN
Attached Image (click to enlarge)
Click to Enlarge Name: trade_safrash.png Size: 100 KB
  • #3,688
  • May 31, 2014 7:21pm May 31, 2014 7:21pm
Quoting Dadas
{quote} Well, remember, we are not predicting, we are watching Price Action. H4 on W1 Zone Candle: {image} Yes, we have a PTECZ, we must watch what the Price is doing in the PTECZ and watch Daily Range for DayTrading.
Is it possible using two Custom_Zone_Candle indicators for this target?
  • #3,689
  • May 31, 2014 11:43pm May 31, 2014 11:43pm
Quoting safrash
{quote} Please, my teacher Sorry, mistake in picture not up - TREND DOWN {image}
I am asking you, again, please:

1. Click on icon "Terminal":
Attached Image

2. Click on tab "Account history":
Attached Image
Trade the facts, not opinions.
  • #3,690
  • May 31, 2014 11:54pm May 31, 2014 11:54pm
Quoting safrash
{quote} Please, my teacher Sorry, mistake in picture not up - TREND DOWN {image}
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyh1.png Size: 26 KB

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym30.png Size: 32 KB
Trade the facts, not opinions.
  • #3,691
  • Jun 1, 2014 12:19am Jun 1, 2014 12:19am
@safrash
Attached Image (click to enlarge)
Click to Enlarge Name: attachment.php(2).png Size: 92 KB

Which means that going short after this is a pretty unreasonable thing to do.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym30.png Size: 31 KB
Trade the facts, not opinions.
  • #3,692
  • Jun 1, 2014 12:43am Jun 1, 2014 12:43am
Safrash, every trend has a begining and an end.
It is wise to enter the trend at its begining or near the begining.
It is stupid to enter the trend at its end or near its potential end,
especially when there are signals on the chart, BO Candle(s).

You must think in terms of Trend, not just a part of a trend.
You must look and see where the Trend started,
and see how strong it is or how weak it is.

The stronger a trend retraces back in the opposite direction,
the more reasons there are to be careful and think 10 times
before you make any definite decisions.

A trade already opened is definite.
You can't change your mind after that and you can't cancel that trade.
You can only do 1 thing = Close the Trade.
If you Close the Trade at Profit, Loss or Break Even depends on the Market, only.
You have no influence on that.
You can only Manage the Risk, if the Market goes in your favor.
Trade the facts, not opinions.
  • #3,693
  • Jun 2, 2014 1:43am Jun 2, 2014 1:43am
Quoting Dadas
Safrash, every trend has a begining and an end. It is wise to enter the trend at its begining or near the begining. It is stupid to enter the trend at its end or near its potential end, especially when there are signals on the chart, BO Candle(s). You must think in terms of Trend, not just a part of a trend. You must look and see where the Trend started, and see how strong it is or how weak it is. The stronger a trend retraces back in the opposite direction, the more reasons there are to be careful and think 10 times before you make any definite...
Hello Dadas
Yes this is problem for me, this enter correct or no? May be Enter on Candle 3, you can say, but I saw diamond on Candle 5 and draw PTECZ and wait BreakDown ...
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd-h1.png Size: 108 KB
  • #3,694
  • Jun 2, 2014 3:30am Jun 2, 2014 3:30am
as here, we have PTECZ, but indicator have no diamond
Attached Image (click to enlarge)
Click to Enlarge Name: PTECZ_Diamond.png Size: 115 KB
  • #3,695
  • Jun 2, 2014 3:34am Jun 2, 2014 3:34am
this is reason for later Enter
Attached Image (click to enlarge)
Click to Enlarge Name: PTECZ_Diamond.png Size: 104 KB
  • #3,696
  • Jun 2, 2014 4:30am Jun 2, 2014 4:30am
Hi Dadas,

I'm a first time visitor to your thread and will of course take the time to read from Post #1.

I'd like to know, do you still have the images that are associated with Post #5.
I'm unable to see the pictures that you are using to illustrate your method.
It seems they may have expired?

If this is not the case please let me know.

Cheers
Healthy, Wealthy & Steady!!
  • #3,697
  • Jun 2, 2014 5:55am Jun 2, 2014 5:55am
Quoting safrash
{quote} Hello Dadas Yes this is problem for me, this enter correct or no? May be Enter on Candle 3, you can say, but I saw diamond on Candle 5 and draw PTECZ and wait BreakDown ... {image}
Yes, this is my latest style.
Let them think they are fooling you by a falsie.
You be patient and take the advantage.
But, ultimately the market will show you if you did everything right.
Trade the facts, not opinions.
  • #3,698
  • Jun 2, 2014 5:58am Jun 2, 2014 5:58am
Quoting safrash
as here, we have PTECZ, but indicator have no diamond {image}
Attached Image (click to enlarge)
Click to Enlarge Name: attachment.php.png Size: 108 KB
Trade the facts, not opinions.
  • #3,699
  • Jun 2, 2014 6:01am Jun 2, 2014 6:01am
Quoting safrash
this is reason for later Enter {image}
Attached Image (click to enlarge)
Click to Enlarge Name: attachment.php(2).png Size: 119 KB
Trade the facts, not opinions.
  • #3,700
  • Jun 2, 2014 6:06am Jun 2, 2014 6:06am
Quoting SunnyFx2002
Hi Dadas, I'm a first time visitor to your thread and will of course take the time to read from Post #1. I'd like to know, do you still have the images that are associated with Post #5. I'm unable to see the pictures that you are using to illustrate your method. It seems they may have expired? If this is not the case please let me know. Cheers
I keep repeating this over and over.
I can't do anything about it.
I can't edit that post any more.

I can help you by SKYPE.
Trade the facts, not opinions.
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