Luba has got a point, here. Nice setup on M1: image

Price Action in Day Trading by Dadas

@Luba, ejiexe is right, I told you before, H1 signal, or H4 better. H4 or H1 Engulfing or Break Candle! Then look for short. M5 you are scalping and must be very careful! There is a PTECZ on M30. Nothing on H1, H4.

Price Action in Day Trading by Dadas

image image

Price Action in Day Trading by Dadas

stevepatt, You are often using the term PTECZ and inside candle. They are the same thing. The inside candle is a PTECZ. If you understand that, you can have a better Entry.

Price Action in Day Trading by Dadas

EURJPY A difficult day for tading, very unstable and uncertain. Turned out scalping, but +42 Pips all together. image Forgot about the first trade, Short. image

Price Action in Day Trading by Dadas

This is the perfect setup for a Long. image We, just have to be there in time!

Price Action in Day Trading by Dadas

EURJPY Price is stuck in a ca. 85 Pips Consolidation. image 85 Pips is good for the Day Trader, but the Price may Break either direction, and we do not know when!

Price Action in Day Trading by Dadas

Or, a simpler approach, D1 and H1: image These type of moves are the dangerous ones, if you are not in the right direction. This is the reason why taking retraces is not a good idea. Of course, we have our SL, but we lose the better opportunity!

Price Action in Day Trading by Dadas

Sometimes, I just sit down, put the plain chart template and start my analysis from beginning. Why? Because things change. My mind does not always remember what I did the day before or a couple of days earlier, because I need a new outlook! It is ...

Price Action in Day Trading by Dadas

Two reasons: 1. I chose the latest PTECZ - latest first, 2. I chose the wider one. Latest and wider - but, you can keep in mind the other one, too. Or, mark it some other way. The idea of the PTECZ is a Zone. The Price does not have to obey any ...

Price Action in Day Trading by Dadas

GOLD - same picture - unchanged: image

Price Action in Day Trading by Dadas

EURUSD H4: image I didn't touch anything, here today, I was busy writing a helping tool.

Price Action in Day Trading by Dadas

And, this one for Luba, to start using PTECZ from W1 down: image

Price Action in Day Trading by Dadas

Just checking on my EURJPY study I have been doing for those 2 days. I guess the picture speaks for itself: image

Price Action in Day Trading by Dadas

@goldenequity You are doing a great, great job! Let's keep it this way, I create, you compile my creations into a readable form. I think this will be a fantastic pdf maybe ebook. Just, let's do it gradually. I prefer the posting way, sort of can not ...

Price Action in Day Trading by Dadas

What can I say? I missed you all, even though it was just 2 days! I did not go anywhere, it was not my fault, it was Force Majeurs, some Big Brother turned off access to many sites and I had to do smth else. Someone told me they were doing some ...

Price Action in Day Trading by Dadas

ejiexe, Luba is trading on the Zone Candle. It looks like she is having luck on GBPUSD, going like ping-pong. Maybe she can not wait, must go to sleep, and she is just risking, risk included in strategy! Not exactly how I say it should be done, but, ...

Price Action in Day Trading by Dadas

Have you downloaded all of the instances? You must download them, install on your MT4, put them all on your chart and save it as template. It is easy!

Price Action in Day Trading by Dadas

The Zone Candle is the general concept to visualize any Candle. The PTECZ is a certain type, the Potential Trend Ending Consolidation Zone. There is no 1 method. As you see, Luba is trading the Zone Candle with very good results. Others are Trading ...

Price Action in Day Trading by Dadas

Ok, ejiexe, News is news, greed is greed! Look good to the left, look very good! You had at least 2 different PTECZ at that level to close. You are getting too positive about the PTECZ! Think Daily Range, too!

Price Action in Day Trading by Dadas