Again, you can believe it or not, but I was going to post, here, yesterday: "It is about time for the Big Spike on GOLD. Watch out for the Big Spike, buy at bottom if you catch it!" Then, I though that Gumrai is gonna call me "Master of ambiguity" ...

Trading Gold with PA

ejiexe I would love to see one of your from top down analysis, here. At least, I could comment and see that you can be an example! I have no problem about TBCZ and CSCZ, that is the Zone Candle, too. But, please show your analysis! On your chart we ...

Price Action in Day Trading by Dadas

I can not answer this question. It is up to you to decide. It is best to practise on demo, see how you are able to Enter the market in real time, then adjust the SL level to what you can do. In real time it is not so easy, and you may SL too often ...

Price Action in Day Trading by Dadas

Trend, Low PTECZ, High PTECZ. Help yourself with the Yearly Zone Candle. Get over the frustration issue! The Market will not run out of Pip suppply!

Price Action in Day Trading by Dadas

@stevepatt I have got to show you this! Follow! EURAUD MN chart with last year Zone Candle: image There is a PTECZ from D1 on it, you will see in a moment! At shift of Months! image image Actually, the PTECZ is from W1, just the High of the ...

Price Action in Day Trading by Dadas

@stevepatt I just remebered something! This might give you some helping hint. Remeber the Multi_Zone_Candle_OHLC_Lines.mq4? It has the Y1 Zone Candle visible on the MN chart, only. image In case you do not have it, it is available for download at ...

Price Action in Day Trading by Dadas

@stevepatt It clears out more on H4, the entry, I mean: image

Price Action in Day Trading by Dadas

GBPUSD seems not a good instrument for LongTerm trading. Look at the MN chart: image Those spikes at the bottom are the AllTime Low. The higher PTECZ is from the previous Bearish retrace. The lower PTECZ is from the earlier historical retrace. It ...

Price Action in Day Trading by Dadas

Sorry, wrong pair. Here is the EURUSD: image image But, like I said, this is a shortcut way. Not the proper way to do it.

Price Action in Day Trading by Dadas

First of all, this is not the way to do it. But, OK, let's see. The H1 PTECZ on my chart: image The H1 PTECZ on my chart with M15 PTECZ overlayed: image The H1 PTECZ on my chart with M15 & M5 PTECZ overlayed: image

Price Action in Day Trading by Dadas

Your question just proves that you have not read the thread. I cover the issue of Trend in one of my posts. Do you have a strategy? First of all, do you know what style you want to trade? Do you know which of the Trends you want to take profit from? ...

Price Action in Day Trading by Dadas

The idea, here, is to recognise Trend as early as possible by using Price Action in combination with the Zone Candle and/or the PTECZ. Thus, enter position early and minimise risk. In order to do that, one must first understand Price Action, the ...

Price Action in Day Trading by Dadas

@ejiexe Show your EURUSD Trades on M5 chart.

Price Action in Day Trading by Dadas

Yes, so, does it mean that that price must retrace to the PTECZ, because you want it to? That, only ejiexe knows. He is a fan, but not a good follower! I have no idea how he traded that one. I suppose he reacted on emotion and nothing else. ejiexe ...

Price Action in Day Trading by Dadas

@Bookman The M5 Break Down Candle did retrace back to the PTECZ. The next Candle was the one which retraced. You were not quick enough!

Price Action in Day Trading by Dadas

Any specific reason why it should retrace to the rectangle? And, which "Engulfing" Candle are you reffering to?

Price Action in Day Trading by Dadas

I am sorry, but your chart does not apply in this thread! Please, read, learn, practise the method I present in this thread. Please, post charts without any MA type indicators. We are trading the Zone Candle and PTECZ concept with Price Action. ...

Price Action in Day Trading by Dadas

Well, there are definitions. I know at least two. This brings a lot of confusion and misunderstanding. I'd rather talk about the Break UP/DOWN Candle or Trend Candle. This concept is better for the PTECZ concept. If you place 2 Candles side-by-side, ...

Price Action in Day Trading by Dadas

That is correct, PA suggested Short, today. finaclefx entered Short on EURUSD without, yet seeing today's PA. Yesterday's D1 Candle was Break Out in the Long direction.

Price Action in Day Trading by Dadas