Why do you need #3 if it is away from the current Price Level? If it is your Short target in Long Term, then OK, it is the next Potential PTECZ Zone. But, for Day Trading now, you do not need #3 at this moment! Do you know the ADR for EURUSD?

Price Action in Day Trading by Dadas

Right!

Price Action in Day Trading by Dadas

Yes, that is the Zone Candle idea! But, the MN Zone Candle Index 1 shows Zones from last Month. It does not mean they are the best Zones for current Price Level. Sometimes they can be the best ones, but not always! PTECZ and TBCZ allow us to find ...

Price Action in Day Trading by Dadas

Now, you can see for yourself!

Price Action in Day Trading by Dadas

No, mosah, The PTECZ is High to Low of the PTECZ Candle. You can see that on the chart. You download the chart to your computer, post #1465 You show me with some PhotoShop where they come from!

Price Action in Day Trading by Dadas

Yes, that was the PTECZ!

Price Action in Day Trading by Dadas

"The deeper into the forest, the more trees." But, if I go with you into the forest, you could give me wood!

Price Action in Day Trading by Dadas

I do not like your "English". In Poland we have the same saying. Russian language and Polish language have many things similar. There are Russisms in the Polish language, and there are Polishisms in the Russian language. Yes, the Zone Candle is my ...

Price Action in Day Trading by Dadas

Naming is important, after all! The Bearish Trend PTECZ is the "Green" PTECZ Candle. The Bullish Trend PTECZ is the "Red" PTECZ Candle. And this is what we must stick to! There are 2 types of PTECZs: The Bearish Trend PTECZ The Bullish Trend PTECZ ...

Price Action in Day Trading by Dadas

Because it is the Bearish Trend PTECZ. It is the PTECZ potentially ending the Bearish Trend! When it first appeared, it was the Potentially Trend Ending Consolidation Zone. (the Bearish Trend) That is the whole PTECZ idea! When the PTECZ first ...

Price Action in Day Trading by Dadas

So, the next part is to find the reasonable Short Target for EURUSD. We see the recent strong rejection at some Support. The Long Wick or Shadow. It is about 70+ Pips from current Price Level. The corresponding PTECZ on Bearish Trend is H4 Candle ...

Price Action in Day Trading by Dadas

On my charts the EURUSD analysis looks like this: EURUSD MN: image The Price is retracing on a Bearish 2 Month's Trend. This Month is likely to Close as a PTECZ as we have 2 more Market Days to Month Close. Conclusions: This could be a retrace on ...

Price Action in Day Trading by Dadas

I can see where your confusion is. The Bearish Trend PTECZ is the "Green" PTECZ Candle. The Bullish Trend PTECZ is the "Red" PTECZ Candle. The EURUSD MN chart: The upper PTECZ you marked is the Bullish Candle Trend Ending PTECZ! So, it applies to ...

Price Action in Day Trading by Dadas

image

Price Action in Day Trading by Dadas

One does not exclude the other. If there isn't a PTECZ at the Major Swing Point, there is a TBCZ. Plot the TBCZ and you will find a PTECZ in the TBCZ on the smaller Tf: image image Anyway, for historical S/R Levels the TBCZ is as good as the ...

Price Action in Day Trading by Dadas

Yes, this thread is: Price Action in Day Trading by Dadas Without the ability to read Price Action from each Candlestick you will not be able to make any sensible conclusions about PA.

Price Action in Day Trading by Dadas

Here, an example what a Long Term analysis might look like: GBPUSD MN: image There is around 800 Pip Potential between Zones. After Consolidation with rejection from Support MN Zone Price Broke Up building the new Bullish Trend. Enter Long on ...

Price Action in Day Trading by Dadas

Did I say anything about which market swings you should or should not take advantage of? This is your strategy, and you decide which Trends your want to exploit! The analysis from MN is so that you know where you are! Maybe you didn't understand ...

Price Action in Day Trading by Dadas

Yes, stevepat, there are differences on charts, the Candles do not look exactly the same, but overall, everyone should get a very similar picture. I see that you are often overinterpreting the PTECZ, extending it. You do not need to do that. If ...

Price Action in Day Trading by Dadas

PS. I should have done exactly the above analysis yesterday, meaning Friday. I should be in position already. In a very early position! Who knows, maybe I am?

Price Action in Day Trading by Dadas