Price Action in Day Trading by Dadas | Page 196 | Forex Factory

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Price Action in Day Trading by Dadas

  • #3,901
  • Jul 16, 2014 5:02pm Jul 16, 2014 5:02pm
Quoting ioms
{quote} "Some people look for a pinbar bouncing from the given S/R level" Like in this example?!! Highly visible perfect potential entrances and exits from market... (PPEE) ioms ps: unfortunately I was not the right time in the right place with the right tools, but I have decided bizarre very important strategic question about "right now" {image}
Trade the facts, not opinions.
  • #3,902
  • Jul 17, 2014 1:42am Jul 17, 2014 1:42am
Good morning D,

Trust you are well.

I am posting the H4 and H-1 charts again this morning and am asking you for your kind perusal and comments plse.

An interesting phenomenon here especially when we select the 2 different TFs as posted with slightly different selection of candle.

Continued success to you.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Dadas' H4-chart__G_J__17 July.PNG Size: 57 KB
Click to Enlarge Name: Dadas' H-1-chart__G_J__17 July.PNG Size: 52 KB
Hercs
  • #3,903
  • Jul 17, 2014 1:58am Jul 17, 2014 1:58am
Quoting Hercs
Good morning D, Trust you are well. I am posting the H4 and H-1 charts again this morning and am asking you for your kind perusal and comments plse. An interesting phenomenon here especially when we select the 2 different TFs as posted with slightly different selection of candle. Continued success to you. {image} {image}
Hercs, I didin't know what you expected me to say, what was the question?
I didn't see anything to comment on.
What I see is just that what I see.
Setups for Short Entry.

Your charts showing earlier than mine, as I'm observing, c/z I don't have that pin on H4.
Trade the facts, not opinions.
  • #3,904
  • Jul 17, 2014 3:35am Jul 17, 2014 3:35am
Quoting Dadas
{quote} Hercs, I didin't know what you expected me to say, what was the question? I didn't see anything to comment on. What I see is just that what I see. Setups for Short Entry. Your charts showing earlier than mine, as I'm observing, c/z I don't have that pin on H4.
Hello there D,

There was no question, my friend. Just wanted you to confirm or direct and you have just confirmed that we are on the "same page" so to speak.

Chat later.
Hercs
  • #3,905
  • Jul 18, 2014 3:17am Jul 18, 2014 3:17am
Good morning D,

My charts as of this morning - I also include GBP/USD and USD/JPY as some people already asked me why I only trade G/J.

Comments are welcome from all and sundry, but most important from D.

Continued success to you.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FF__Dadas Fri 18th July G_J-H4.PNG Size: 46 KB
Click to Enlarge Name: FF__Dadas Fri 18th July G_J-H-1.PNG Size: 39 KB
Click to Enlarge Name: FF__Dadas Fri 18th July GBP_USD H-1.PNG Size: 40 KB
Click to Enlarge Name: FF__Dadas Fri 18th July USD_JPY H-1.PNG Size: 41 KB
Hercs
  • #3,906
  • Jul 18, 2014 5:43am Jul 18, 2014 5:43am
Quoting Hercs
Good morning D, My charts as of this morning - I also include GBP/USD and USD/JPY as some people already asked me why I only trade G/J. Comments are welcome from all and sundry, but most important from D. Continued success to you. {image} {image} {image} {image}
Hercs, point is, I am under constant "attack" from other SKYPErs in the last days,
thus, if you want immediate comments, I think it is much better you simply SKYPE me.
We could, then, sort of trade together, or perhaps consider each other's ideas.

It might take a while before I find a gap to analyse your charts, here.
Trade the facts, not opinions.
  • #3,907
  • Jul 18, 2014 7:44am Jul 18, 2014 7:44am
Quoting Dadas
{quote} Hercs, point is, I am under constant "attack" from other SKYPErs in the last days, thus, if you want immediate comments, I think it is much better you simply SKYPE me. We could, then, sort of trade together, or perhaps consider each other's ideas. It might take a while before I find a gap to analyse your charts, here.
Great idea, but if you are in such demand, we won't be able to chat on Skype either, but I will give it a go.
Should you find time over the weekend, be kind enough and have a look at today's charts plse.
Hercs
  • #3,908
  • Jul 18, 2014 11:39am Jul 18, 2014 11:39am
Quoting Hercs
Good morning D, My charts as of this morning - I also include GBP/USD and USD/JPY as some people already asked me why I only trade G/J. Comments are welcome from all and sundry, but most important from D. Continued success to you. {image} {image} {image} {image}
GBPJPY:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 32 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 30 KB

If anybody needs extra comment, find me on SKYPE!

GBPUSD:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 33 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1a.png Size: 34 KB

If anybody needs extra comment, find me on SKYPE!

USDJPY:
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 27 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1a.png Size: 27 KB

If anybody needs extra comment, find me on SKYPE!
Trade the facts, not opinions.
  • #3,909
  • Jul 21, 2014 4:26am Jul 21, 2014 4:26am
Mr dadas

Iam very2 great with your tread,and 2 year I learn here but I never understood about price action,I always lose ,,
which make I don't understand about corelation large Time frime with small time frime,,and see PTEZ and TBCZ for entry market
I hope you give me way how to understand about it..and sorry my english not good sir...
  • #3,910
  • Jul 21, 2014 7:10am Jul 21, 2014 7:10am
Quoting saquel
Mr dadas Iam very2 great with your tread,and 2 year I learn here but I never understood about price action,I always lose ,, which make I don't understand about corelation large Time frime with small time frime,,and see PTEZ and TBCZ for entry market I hope you give me way how to understand about it..and sorry my english not good sir...
Forget about trading and charts for a while.
Find education material about Demand and Supply in financial markets and Forex.
Learn and understand how this market works, first.
Then, come back and see if you can understand how to read charts.
Trade the facts, not opinions.
  • #3,911
  • Jul 22, 2014 4:22am Jul 22, 2014 4:22am
Hello Dadas!

I'm new to forex and have studied your method for several weeks. I'm having some issues with seeing the Global Positionings while trading the H4 PTECZ with confirmation. Could you have a look at my trades please?
  • #3,912
  • Jul 22, 2014 9:41am Jul 22, 2014 9:41am
Quoting ForexT1000
Hello Dadas! I'm new to forex and have studied your method for several weeks. I'm having some issues with seeing the Global Positionings while trading the H4 PTECZ with confirmation. Could you have a look at my trades please?
Sure, I'll take a look, if I can see them.
Trade the facts, not opinions.
  • #3,913
  • Jul 22, 2014 9:49pm Jul 22, 2014 9:49pm
NZUSD

Here I just made a local H4 PTECZ, and the recent price floor and ceiling PTECZs, waiting on a break down with confirmation so we can trade with trend. I won’t trade break up since it is going against the trend. I haven’t mapped out more PTECZs since my laptop crapped out and I’m working from a public computer.
Attached Image



GBPUSD H4
Waiting for a price break down of the current PTECZ so I can trade with the trend down to the next PTECZ. I will wait for 2nd break down to trade as high as possible and set SL slightly above the extreme of the PTECZ and TP on the next PTECZ.
Attached Image


USCAD H4

Here is the US/CAD H4 Time Frame. I’m waiting for a breakdown with confirmation as usual and wanting to trade with the trend.

Attached Image
Attached Image
  • #3,914
  • Jul 22, 2014 10:07pm Jul 22, 2014 10:07pm
This is one of my first live trades on my demo account. Not successful so I am looking at why and not getting too jumpy about it.
AUD/JPY
Ok I saw an opportunity for short on the H4 timechart, but I the price was a little bit low, but there was a breakout and I was trading for trend. The set up is in the picture. I’ll wait for where the bulls hit a resistance zone and short from there if I see an opportunity.

Attached Image
  • #3,915
  • Jul 23, 2014 9:54am Jul 23, 2014 9:54am
Quoting ForexT1000
This is one of my first live trades on my demo account. Not successful so I am looking at why and not getting too jumpy about it. AUD/JPY Ok I saw an opportunity for short on the H4 timechart, but I the price was a little bit low, but there was a breakout and I was trading for trend. The set up is in the picture. I’ll wait for where the bulls hit a resistance zone and short from there if I see an opportunity. {image}
Yes, you must be patient and not jump to quick conclusions.
There are a lot of things you must know.
The PTECZ is Potential with a very strong emphasis on POTENTIAL !
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH4.png Size: 22 KB

You must follow the Fat Guys, the Big Lot Volumes.
You mustn't create your own stories about the price.
What you think you see is not the truth.
Trade the facts, not opinions.
  • #3,916
  • Jul 23, 2014 10:04am Jul 23, 2014 10:04am
However, these days life is more simple, because my hard studies have lead me to this tool:
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH4_1.png Size: 27 KB
Trade the facts, not opinions.
  • #3,917
  • Jul 23, 2014 10:30am Jul 23, 2014 10:30am
Hi Dadas
How are you?

Want show you my work without zones, zones - levels not different, only in terminology

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: euraud_h1.png Size: 109 KB
  • #3,918
  • Jul 23, 2014 11:21am Jul 23, 2014 11:21am
Quoting safrash
Hi Dadas How are you? Want show you my work without zones, zones - levels not different, only in terminology Regards {image}
Cool safrash, though, you know, there is more luck in those shots than any logic or chart reading.
Pure assumptions and luck.
Trade the facts, not opinions.
  • #3,919
  • Jul 23, 2014 11:37am Jul 23, 2014 11:37am
Look at this, safrash:
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 28 KB

This is the true picture of the market.
This picture only proves your trading is pure luck.
Trade the facts, not opinions.
  • #3,920
  • Jul 23, 2014 1:45pm Jul 23, 2014 1:45pm
Hello Dear Dadas!
I have a question for you...
Is there an optimal ratio between the Trading TF and PTECZ TF?
Or this makes no sense and better use the PTECZ at the same TF where you trade?
ie for example, if we trade on the M15, then we look price behavior in relation to PTECZ formed on H4...etc. table

PTECZ_TF -> Trading_TF

MN -> MN
MN -> W1
W1 -> D1
D1 -> H4
D1 -> H1
H4 -> M30
H4 -> M15
H1 -> M5
H1 -> M1

Sincerely,

ioms
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