@finaclefx You got lucky today - Congratulations! But, it was just a lucky shot, which hit the target! See, the PTECZ knew: EURUSD image image

Price Action in Day Trading by Dadas

EURGBP: image You show me how I figured this out!

Price Action in Day Trading by Dadas

Please, study this example very carefully, a thousand times. Plus, another 3 thousand times. url Come back and tell me which PTECZ is relevant to your example.

Price Action in Day Trading by Dadas

Where are your H4/H1 PTECZs? Stop asking stupid questions!

Price Action in Day Trading by Dadas

Are you another one of those who do not understand the Break Out Candle, otherwise called Engulfing Candle, otherwise called Trend Candle? Both of your charts have the Break Out D1 Candles yesterday! So, you are profiting on retrace, not on Trend!

Price Action in Day Trading by Dadas

Did you read this post? url Can you understand what a Trend Candle is? Why are you always trying to go against the Trend Candle? image I will tell you why! Because you still do not know WTF is going on! Continue as you wish. Go tell them my ...

Price Action in Day Trading by Dadas

PS. About finaclefx idea: We, Fx Traders are continuing our quest to maximise our Profit and minimise our potential Risk. Ideally, we aim to Enter Long on Bullish trend as Low as possible and Exit as High as possible. We aim to Enter Short on ...

Price Action in Day Trading by Dadas

@finaclefx The PTECZ does confirm. image However, reading Price Action seems to play a lesser role in this strategy. It is just an application of Price Action in the general understanding of the process of Candlestick Formation applied to the D1 ...

Price Action in Day Trading by Dadas

In a certain way it does. I mean, yes, it is possible that Price retraces, it usually does. And you have entered Short at top, Long at Bottom. If, you did this exactly at the right time and combined with R/R and MM, why not? The PTECZ would be used ...

Price Action in Day Trading by Dadas

image Correct: phi1ipp has plotted the last W1 PTECZ for the current Low Price Level, and the last last W1 PTECZ for the current High Price Level - the next Potential Stop in a longer term. image phi1ipp - Somehow your rectangle slipped on the ...

Price Action in Day Trading by Dadas

Every PTECZ is valid for as long as the Market Lasts. You are looking for the nearest history, first. Then, if you can't find one near, or nothing fits near, must look further. Sometimes as far as 2010, like GOLD, now. Only when New Alltime ...

Price Action in Day Trading by Dadas

Somebody, once, could not understand what my Daily Range indicator is for. Try like this: If you can see the dominating trend or not, find 3 H4 PTECZs. One at bottom of Today's (The Day you are trading) Price level. The second above at about the ...

Price Action in Day Trading by Dadas

As you say, Gumrai, you are not around when it happens. That also stands for the precise moment you are describing. You are either not around, or just watching a different pair. When you look at GOLD, the setup is there, but the moment already gone!

Trading Gold with PA

So, what are you trying to do? Re-invent the PTECZ? The PTECZ was born out of Sam Seiden Supply/Demand! It was born out of the deep understanding of Consolidation, Supply/Demand, and the truth about how this market works - Balance = 0! Everything ...

Price Action in Day Trading by Dadas

Yes, that is a PTECZ too, only it was a less important one, because the trend was strong. You see the blue PTECZ was more important, is that W1?

Price Action in Day Trading by Dadas

Yes, in this case, yes, of course, it is a PTECZ.

Price Action in Day Trading by Dadas

@ejiexe XAUUSD H4 My chart - no PTECZ: image Your chart: image

Price Action in Day Trading by Dadas

Which one on that picture is the Trend Candle? For me, it is the Green one, it is longer than the one before it. It is relatively longer and thus, it is Break Up, so Trend! Logically, Trend is the longer Candle. PTECZ is the shorter Candle in ...

Price Action in Day Trading by Dadas

That's what it was, on retrace after that one! image

Trading Gold with PA

As you see, GOLD is at historical levels of 2010. That is where you must look for PTECZs. It may be impossible to locate H4, H1, even D1 PTECZs, because there is no data that far back on those Tfs. image

Price Action in Day Trading by Dadas