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Price Action in Day Trading by Dadas

  • #3,861
  • Jun 26, 2014 6:17am Jun 26, 2014 6:17am
Quoting Dadas
{quote} You see, it is not about agree or disagree. I made a lot of attempts to figure out how to trade the M1 chart successfully. I always failed and couldn't find the right way to get it. Untill I finally found the way to do it, which I am just recently presenting. But, it is associated with the fact that I am, programming my own tools, and I can write a simple indicator to plot the charts on my conditions to show me what I want to see. First, though, I had to actually start seeing the market on the charts. Only then I was able to follow this...
Dear Dadas, that's what I like in your messages, then they are not only about technical trading (here up, there down), as well as about why we trade or (making a decision, in the most general sense), in individual physiology aspect.
Oft, we need only to close our eyes to own chaotic ideas and open them to see what is really happening with price (there up, here down).
Thanks,

ioms
  • #3,862
  • Jun 27, 2014 2:29am Jun 27, 2014 2:29am
How to go about overnight trading, at least when you are living at GMT or nearby.

Look at H4, look at H1, look where price maybe going:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 32 KB

Look at M1 for a good entry opportunity:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm1.png Size: 40 KB


That's all.
Next morning (today), I waited a bit,
when there was +20 Pips, I closed half, and
whatever happens next is the bonus.
That's it.
Trade the facts, not opinions.
  • #3,863
  • Jun 27, 2014 8:56am Jun 27, 2014 8:56am
This is my trading activity of today in the new picture:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5.png Size: 40 KB

The first trade was opened just before the new day, for overnight.
I closed half because of daily target per trade.
The rest was just a bonus, so I let it happen.
Next came the searching attempts.
The last trade was managed by the EA, c/z I had to leave the computer.
Trade the facts, not opinions.
  • #3,864
  • Jun 30, 2014 3:09am Jun 30, 2014 3:09am
I don't see much interest in my thread, any more.
I quess, Trading isn't for everyone.
Actually, it is only for the few who are willing to take the effort.

The rest is just feeders, doners, or otherwise called succers.

If one takes the effort, though, ultimately they will fully grasp the Market.
They will have realised that the PTECZ is the real deal.
They will know which PTECZ means what, because they will have put the blocks together.

Let me rephrase as bit:
Follow the Institutional Traders and Investors - Follow their PTECZ!

Anyways, if you are interested in becoming one of the few, contact me by SKYPE.
Trade the facts, not opinions.
  • #3,865
  • Jun 30, 2014 4:09am Jun 30, 2014 4:09am
Quoting Dadas
I don't see much interest in my thread, any more. I quess, Trading isn't for everyone. Actually, it is only for the few who are willing to take the effort. The rest is just feeders, doners, or otherwise called succers. If one takes the effort, though, ultimately they will fully grasp the Market. They will have realised that the PTECZ is the real deal. They will know which PTECZ means what, because they will have put the blocks together. Let me rephrase as bit: Follow the Institutional Traders and Investors - Follow their PTECZ! Anyways, if you are...
This visualization is made with Script on the basis of PTECZ trading concept. I'm just learning, so there may be errors...
I see this thread is very interesting. Thank You Dadas for yours thread!

ioms
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 69 KB
  • #3,866
  • Jun 30, 2014 6:01am Jun 30, 2014 6:01am
Quoting ioms
{quote} This visualization is made with Script on the basis of PTECZ trading concept. I'm just learning, so there may be errors... I see this thread is very interesting. Thank You Dadas for yours thread! ioms {image}
I see you are doing a very nice job!
I am a little tired of programming, need a break.
Trade the facts, not opinions.
  • #3,867
  • Jun 30, 2014 3:48pm Jun 30, 2014 3:48pm
However, you know, I have got very tired of trying to anticipate and go before the Market.
That is what I am trying to tell you when I am talking about going with the Market, and
about understanding the Market, and reading it from the charts.

It is very simple, and I will repeat, the Big Guys must do the same thing as you must do.
They must ultimately close their orders, when they find liquidity.
Until they find liquidity, the trend must continue.

So, even if you can only get 11 Pips, but you saw an opportunity, take it.
After all, you don't know if you won't get more.
I was going for 20 Pips, here, got what I got.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym15.png Size: 38 KB
Trade the facts, not opinions.
  • #3,868
  • Jul 2, 2014 2:18pm Jul 2, 2014 2:18pm
Quoting Dadas
Today, a complete revolution. I quess that is the way things go. I have, now, understood the real application of Moving Averages. I appologise to everybody whom I have disregarded in the past for using MA's. However, I still hold to the notion that it is only when one really understands the charts/the market, they can apply whatever tool to their advantage: {image} I didn't make a lot of Pips, but I did the very correct things. I was working all day on the modifications to my indicators, so that I can finally see which direction not to trade.
Hello dear Dadas!
What settings do you use for MA's (white, blue) to filter "when we should not trade"?
Thank you!

ioms
  • #3,869
  • Jul 2, 2014 5:20pm Jul 2, 2014 5:20pm
Quoting ioms
{quote} Hello dear Dadas! What settings do you use for MA's (white, blue) to filter "when we should not trade"? Thank you! ioms
ioms, please, I think you are intelligent enough to figure this one out for yourself.
It only takes some intuition and a little play with MA's.
Trade the facts, not opinions.
  • #3,870
  • Jul 3, 2014 4:40am Jul 3, 2014 4:40am
Quoting Dadas
{quote} ioms, please, I think you are intelligent enough to figure this one out for yourself. It only takes some intuition and a little play with MA's.
The question that I asked, obviously shows that I am not very intelligent (I just wanted to get your opinion on settings, and better understand yours approach to business, sometimes simple questions help to reveal the truth). Nevertheless, you are right as always and 'll try not to ask stupid questions.

ioms
  • #3,871
  • Jul 5, 2014 7:08am Jul 5, 2014 7:08am
I played a little bit ...
It was nice to see how MA's und price behave on background PTECZ trading concept.
In this example, MA's = 55, 200. PTECZ from H4, 19 Jun. Visual chart M15.


ioms
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 120 KB
  • #3,872
  • Jul 6, 2014 12:55am Jul 6, 2014 12:55am
Iom, What is the Green,Gray and Red indicator call??? Can you share with me...Thanks..
Quoting ioms
I played a little bit ... It was nice to see how MA's und price behave on background PTECZ trading concept. In this example, MA's = 55, 200. PTECZ from H4, 19 Jun. Visual chart M15. ioms {image}
  • #3,873
  • Jul 6, 2014 2:08pm Jul 6, 2014 2:08pm
Quoting chienung
Iom, What is the Green,Gray and Red indicator call??? Can you share with me...Thanks.. {quote}
1) Iom !=ioms
2) ObjectCreate(chart_ID,name,OBJ_RECTANGLE,sub_window,time1,price1,time2,price2)
ObjectSetInteger(chart_ID,name,OBJPROP_COLOR,clr);
clr = Green || Gray || Red
3) Yes, see item 2)

ps: read Post 3,864 and Dadas thread
  • #3,874
  • Jul 6, 2014 3:25pm Jul 6, 2014 3:25pm
Thank you Iom...Yes Where can I download that indicator???Please advise...
Quoting ioms
{quote} 1) Iom !=ioms 2) ObjectCreate(chart_ID,name,OBJ_RECTANGLE,sub_window,time1,price1,time2,price2) ObjectSetInteger(chart_ID,name,OBJPROP_COLOR,clr); clr = Green || Gray || Red 3) Yes, see item 2) ps: read Post 3,864 and Dadas thread
  • #3,875
  • Jul 11, 2014 6:00am Jul 11, 2014 6:00am
Quoting ioms
{quote} ps: read Post 3,864 and Dadas thread
Quoting chienung
Thank you Iom...Yes Where can I download that indicator???Please advise...{quote}

read Post 3,864 and Dadas thread

Trade the facts, not opinions.
  • #3,876
  • Jul 11, 2014 8:00am Jul 11, 2014 8:00am
Hello Dadas,

Long time since we last spoke, but I think I have become a better trader since and have better insight into longer TF charts than before.

Before you throw something at me after you have seen my picture, accord me the privilege to ask you a question regarding the use of MVAs as I noticed that even you now make use of MVAs and therefore my post here today.

What you see on this G/J-H4 chart is the "offending" Red lines running along the candles, is a Trend Envelope set to 5 and the reason why I am running it is to ask you whether it would not be helpful to have this Tr.Env. so that we can have a clearer picture of when consolidation starts showing its head. See the top of the chart @ June 6th, 22h00 GMT in this case, where the Tr.Env. clearly indicated that the break-out was a false one. ( marked in Aqua as "A" )

Also, I have marked only those 3 candles that I have identified as being the correct candles - kindly correct me if I am wrong - according to your definition, other than the extreme top and the ensuing 24 pip break-out candle.

I drew the levels with the help of your new Script indicator - thank you for that. Please comment if these are correct or incorrectly drawn.

The item marked "B" bottom right:............please confirm that I have selected the correct candle as starter point.

The Aqua-square above "B" is what interest me as I feel that it is a "better fit" than the Maroon coloured Band that was created by your new indicator.

Would appreciate hearing from you as I am trying to succeed this time in correctly identifying the consolidation areas' starting and ending points.

Continued success to you.
Attached Image (click to enlarge)
Click to Enlarge Name: Dadas' H-4 chart.PNG Size: 57 KB
Hercs
  • #3,877
  • Jul 11, 2014 8:58am Jul 11, 2014 8:58am
Quoting Hercs
Hello Dadas, Long time since we last spoke, but I think I have become a better trader since and have better insight into longer TF charts than before. Before you throw something at me after you have seen my picture, accord me the privilege to ask you a question regarding the use of MVAs as I noticed that even you now make use of MVAs and therefore my post here today. What you see on this G/J-H4 chart is the "offending" Red lines running along the candles, is a Trend Envelope set to 5 and the reason why I am running it is to ask you whether it would...
Hercs, I can see you are trying and maybe even doing a good job, but you are still missing the essence.
Before you use any indicator, script, or draw any lines and rectangles, you must first understand the market.
Follow the market, don't run away from it, it doesn't bite, unless you make foolish decisions.
So, before you try to do anything, you must first learn to think like the big institutions, or IOW, see them on the charts.
I would really want to have a SKYPE session with you and show you on your charts what I am trying to tell you, here.

In order to see this, you must think and apply what you know.
You open a trade, ie. Long, so you must close it at one point, ie. Short.
There is most of the time no problem with closing 1 - 10 - 100 - 10 000 Lots, because there is liquidity.
When there are 1 000 000 Lots Long on the market then it difficult to close them if nobody wants to buy them.
These big guys have to find the other side of the deal, in parts and at the level the opposite party is willing.

You don't need any trend indicator to show you this.
The trend Candles are there, on the chart.
There is the one which originated the move or trend, and there is the one which ended it.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 32 KB

Applying my latest weapon, it gives you this:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4_1.png Size: 30 KB

Following to this:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4_2.png Size: 30 KB

Furthering to this, where they found liquidity for Shorts (Supply):
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4_3.png Size: 31 KB

Where the Bears commenced:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4_5.png Size: 30 KB

And followed through:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4_6.png Size: 31 KB

Now, this move isn't over, yet, remeber this?:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4_7.png Size: 31 KB

IOW, this:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4_8.png Size: 31 KB

I may use MA's when I'm trading Intraday relating to H1 trends.
Trading in weekly terms, I don't need MA's, c/z it's all there.

Please, get in touch with me.
Trade the facts, not opinions.
  • #3,878
  • Jul 11, 2014 9:25am Jul 11, 2014 9:25am
Hello Dadas,

Thank you for an in-depth review and this time I am fully aware of what you're doing.

I will pick you up on Skype and we can arrange for a chat at your convenience.

Blessings.
Hercs
  • #3,879
  • Jul 12, 2014 3:57pm Jul 12, 2014 3:57pm
Quoting Dadas
{quote} Before you use any indicator, script, or draw any lines and rectangles, you must first understand the market...
Because I still don't understand how the market works (ie. continuously do a lot of foolish decisions), now I just trying to follow Dadas PTECZ theory, which follows the market, and don't run away from it.

ioms
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh4.png Size: 47 KB
  • #3,880
  • Jul 13, 2014 2:03am Jul 13, 2014 2:03am
Quoting ioms
{quote} Because I still don't understand how the market works (ie. continuously do a lot of foolish decisions), now I just trying to follow Dadas PTECZ theory, which follows the market, and don't run away from it. ioms {image}
Making a lot of foolish decisions has very little to do with understanding the market.
Yes, it is absolutely neccessary to understand the market and read it from the charts,
and ultimately this factor must help you to stop making the foolish decisions, but
before that happens, you must do a lot of study on human neuro-physiology.
Understand what is happening with you, when you are making those decisions.
And then talk to yourself, tell yourself, yell at yourself, as often as you must.
But, first, you must know what is happening with you in certain situations, and
be albe to observe those moments while the market or charts pull you in, and
faced with the situation of the "neccessity to make a quick decision", you will start
controling your reactions, or in other words, you will push yourself out of the moment
and look again before making any decisions at all.
Trade the facts, not opinions.
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