Before I go on answering to your posts, I want to show you something. You know that yesterday I had a bad day. I lost a lot of Pips, then tried to save my account by Trading bigger Lots. I did everything against my rules. But, I know what I am doing ...

Price Action in Day Trading by Dadas

@P.Action, When you are not sure if this is the right PTECZ, because something is not right, then it is not the correct PTECZ, and you must look further back. If you can not find a PTECZ on MN, look on W1. Do not invent your own Zones out of nothing ...

Price Action in Day Trading by Dadas

image The best when Down Trend historical PTECZ for Down Trend, Up Trend historical PTECZ for Up Trend.

Price Action in Day Trading by Dadas

4-digts quotations PTECZ_Candle_ArrowOffset = 100 5-digit quotations PTECZ_Candle_ArrowOffset = 5 best, I think.

Price Action in Day Trading by Dadas

@darko40, PTECZ_Candle_ArrowOffset = 5, please. All Trades in Profit!

Price Action in Day Trading by Dadas

image image

Price Action in Day Trading by Dadas

That is correct! You could have scalped some Pips, but thinking it was retrace, not Trend Shift, already!

Price Action in Day Trading by Dadas

I would be watching on M1 to get the early Entry. I would be watching already inside the PTECZ. Just like I should have done today, but "something got in my eye"!

Price Action in Day Trading by Dadas

The day did not start bright for me. Though, the weather is very nice. image I did save my money, I lost a lot of Pips. Why was the Short obvious? Because of the H4 PTECZ: image Wake up Dadas, man Wake Up!

Price Action in Day Trading by Dadas

image

Price Action in Day Trading by Dadas

I am not saying that you will not Profit. You might, if you close your Profit not wait for TP. Why are you Guys always getting your own ideas? I said: "Sell at Tops". You: Sell when Price is already well down. I said: Go along with the Trend. You: ...

Price Action in Day Trading by Dadas

That is the idea! * Follow the Trend! * Follow the PTECZ! If you only hold firmly to these rules, * add you R/R & M/M, * Enter Long at Tops and Shorts at Bottoms, * and close at Profit, that is what you will get - Profit!

Price Action in Day Trading by Dadas

I am afraid I must "critique" your analysis, because you did not plot any PTECZ! You plotted the next Candles to PTECZs. image

Price Action in Day Trading by Dadas

And, one more for the evening. image +191.6 Pips, today.

Price Action in Day Trading by Dadas

To be absolutely clear: I am not telling you that you should Trade without SL. I am telling you that you should know where your SL should be and why!

Price Action in Day Trading by Dadas

And, the next Stop has been reached. All my TPs would have been executed! image That would have been at least 5x60=300Pips. So, I did not Trade optimally! I did not take all the opportunities. Even on the last Trade, I could have made over 2 times ...

Price Action in Day Trading by Dadas

But, ultimately it is watch Price Action! Thus, added some more Pips. Though, Price is going towards my next Stop. image +169.5 Pips, now, today.

Price Action in Day Trading by Dadas

Following on GOLD: You should have realised by now that somethng is going on on GOLD. Switch to H4 and check it out: image Obviously the Price is retracing back up. I know the potential Stop there, too.

Price Action in Day Trading by Dadas

Why can some guys get it, and others can't? All Darko40 was doing is Following the Trend and Following the PTECZ!

Price Action in Day Trading by Dadas

Just an illustration why you have got to think. I was trading inside Green H4 Support PTECZ when Daily Range was already pretty high. I know the next Stop, it is not very far away, ca. 35 Pips down from this Support. The Price will, probably reach ...

Price Action in Day Trading by Dadas