So, you see, Guys, Forex is actually pretty simple, once you get all the details together. Ultimately, it is the I in Me, the Ego or Self that is the biggest obsticle! Forex is mechanical execution of daily procedures for the Day Trader. Once you ...

Price Action in Day Trading by Dadas

One more time, let's take it from the Top GOLD/XAUUSD. 1. Identify the nearest to current Price Levels MN PTECZs for Resistance & Support: image 2. Identify the nearest to current Price Levels W1 PTECZs for Resistance & Support: image 3. ...

Price Action in Day Trading by Dadas

Christianfx, Look at it this way, The Bullish Candle where I started the Trend Line, isn't that the clear Floor where the Price was rejected from the bottom? And, isn't that the Demand Zone? The Bearish Candle you talk about, did it make a new Low? ...

Price Action in Day Trading by Dadas

Sam Seiden's words, not mine, but I agree 100%! "Just know your Support and Resistance!"

Price Action in Day Trading by Dadas

Oh, you meant EURUSD! This pair is in constant Consolidation! You have got to take what's going that day. One day it's Long, the next day it's Short, or both! PTECZs, Pip Potential, PA, best on M1. Put it together, add R/R and MM, you have got all ...

Price Action in Day Trading by Dadas

You are partly right. I do care about the Bigger Trend. As GOLD shows right now. I have My PTECZs, so it is Long at the Bottom, Short at the Top. I am watching Price Action. I see that the Price is bouncing off the Resistance PTECZ, that is why I ...

Price Action in Day Trading by Dadas

Just took 2 more Trades on GOLD. This time, Closed manually. The higher one was not a good Entry, because it was in the Middle. image

Trading Gold with PA

Just Closed two more Trades on GOLD. Again, the higher Entry was bad, because it was in the middle. The Lower Entry was where it should be. So that SL would be just below the H4 Low (or CSCZ). image

Price Action in Day Trading by Dadas

I was talking about Trading GOLD with M1, not any other instrument!

Trading Gold with PA

Guys, I know this is hard stuff, it gives you a headache, doesn't it?! If you are Trading the D1 Candle and your Trend is Bullish, you have got to Enter Long at the Bottom of the D1 Candle. SL a couple of Pips below the Low of this Candle. TP ...

Price Action in Day Trading by Dadas

There are tons of examples in the thread! Man, you have got to do your homework! It is all about having your PTECZs right! Daily Range plus PTECZs and you have it all! But, no matter how much there is to read, you read it first! And, you do not ...

Price Action in Day Trading by Dadas

OK! But, the Green Zone isn't PTECZ! What is it? PTECZ is the next M5 Candle after the M5 Candle you have the Green Zone from. What about TP? How do you estimate TP Levels? Based on what assumptions? And, how are your results?

Price Action in Day Trading by Dadas

Trading GOLD off the M1 chart! Impossible? Possible! image SL 18 Pips - about 3 Pips below H4 Lowest Close Level, TP 30 Pips and taken. Reasons for Entry: Bounce off H4 Low at H4 Support Level. Last hour of H4 Candle - Candle Shadow formation. ...

Price Action in Day Trading by Dadas

Trading GOLD off the M1 chart! Impossible? Possible! image Looks colorful, but that is pure Price Action. SL 18 Pips - about 3 Pips below H4 Lowest Close, TP 30 Pips and taken. Reasons for Entry: Bounce off H4 Low at H4 Support Level. Last hour of ...

Trading Gold with PA

A great job! Sometimes it can be difficult with the MN chart, but you could use the Custom_Zone_Candle_with_Index.mq4 to plot the Zone Candle with CSCZ already! image image image image

Price Action in Day Trading by Dadas

Meta Trader is your very basic tool, it is your Trading Platform. Unless you are using a different one! Learn to use your Tool first, then come back and start learning a Trading Method.

Price Action in Day Trading by Dadas

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Price Action in Day Trading by Dadas

Now, this is the idea! The higher Entry was not so good, but still SL was in the right place. The lower Entry is what I have been searching for! image

Price Action in Day Trading by Dadas

This is for my dear friend who wishes to stay anonymous, but visits us sometimes. Drogi przyjacielu, który tak wiele mi pomogłeś w poznawaniu Forex-u! To jest dla ciebie! image

Price Action in Day Trading by Dadas

Why don't you just use the PTECZ, and everything is clear? image

Price Action in Day Trading by Dadas