Hi Dadas, Just wanted to show my recent trade with your PTECZ Trader. It really helps to see the big picture. The long entry was triggered by the 1M Ptecz, at the bottom of 5M and 15 M ptecz. However, I can see now that it would be been better to ...

Price Action in Day Trading by Dadas

p9 Post # 135 1. The Trend Begining Consolidation Zone (TBCZ): It is the Candle of opposite direction, preceeding the BreakOut Candle . It signifies, shows a Consolidation Zone from some lower Tf. It is not labelled "Potential", because it is a ...

Price Action in Day Trading by Dadas

Thanks for letting us know! I was wondering if there had been some sort of cleanup.

Price Action in Day Trading by Dadas

There is an indicator called Custom Candle which super imposes a higher time frame candle on a lower tf chart, which is very helpful to visualise the break up or breakdown. There is a bug in the version I have, but a better version may be found by ...

Price Action in Day Trading by Dadas

I agree on lack of experience and practice and failure to apply knowledge correctly. Yes, did not follow the Enter short at Top rule, as price was already breaking down so used Sell Stop below the PTECZ. Not sure about the significance of the Pteczs ...

Price Action in Day Trading by Dadas

This is a Classic example of the frustrations of trading PA. image

Price Action in Day Trading by Dadas

Could not wait to apply the Eurjpy analysis, so took this small test trade on the M5. Was waiting for retrace to upper 5M bullish PTECZ, but, as price was falling in the lower Ptecz, placed a Stop order just outside the zone. image Closed when ...

Price Action in Day Trading by Dadas

Thanks for your feedback. For my analysis, have chosen AUDJPY as the pair probably most suitable to my timezone in the Asian Session. Mn: Bullish run is entering PTecz from high last seen in 2007. image W1: Feb consolidation now a support level. ...

Price Action in Day Trading by Dadas

Hi Dadas, From your robust exchange of posts with 'ejiexe' its obvious that you are passionate about PA and take it very seriously. Your explanations have also helped to answer questions that some of us might have hesitated to ask eg the relevance ...

Price Action in Day Trading by Dadas

Yes, I figured it out, but only after plotting the CZs. I know that Index numbers change, but since we are on daily, going from the same day, they should be the same.

Price Action in Day Trading by Dadas

Hello Dadas, Friday, finally able to catch up with recent posts. Having problems following your charts as Index candles are sometimes different due to variations in broker day and and 4Hr candles. My Tf 1440 Index=270 is far above the PA, but ...

Price Action in Day Trading by Dadas

Dadas, The multiple indicators are great. I have the Indicator with index preset to daily and apply it first to the chart. I then use it to select the candle index for the other tfs. The CZC indicators I rename and preset with tf, and unique colours ...

Price Action in Day Trading by Dadas

Wow! That is a Great trade!

Price Action in Day Trading by Dadas

I really like the Ptecz simplicity, especially when compared to that other thread which is over 8000 pages. It has at least 20 candle patterns to remember.

Price Action in Day Trading by Dadas

I see! I chose the Lowest PTECZ, but should have used the one with the lowest high. Good tip. image

Price Action in Day Trading by Dadas

Yes, I know its not your typical set and forget 50-100 pip trade. It was mainly to illustrate the frustration of real time trading and watching the screen for hours. I lack the patience, and hate to see profts evaporate, and this why I tend to exit ...

Price Action in Day Trading by Dadas

Just want to share my latest attempt using PTECZs. Started on W1 and D1 and to me price is clearly rangebound. image Moved down to M5 and was waiting for retrace to upper PTECZ, but it was not going there. Came back later and found I missed the ...

Price Action in Day Trading by Dadas

Here is M30 Yen chart with PTECZ. image

Price Action in Day Trading by Dadas

I can see that, however its interesting that the trades are all taken just after 0.00 (Tokyo Open). Is there something else we are missing?

Price Action in Day Trading by Dadas

Would have been better to go short around the previous D1 candle open = 1.3100!

Price Action in Day Trading by Dadas