The much more precise tool for detrmining trendlines is the Andrews' Pitchfork. However, using AP requires a much deeper understanding of the AP tool. It requires not just taking the stadard online instruction, but the understanding of the ...

Price Action in Day Trading by Dadas

Good, Now see the other side, too: image

Price Action in Day Trading by Dadas

And, BTW: That is, exactly my point. The actual trend line for a given trend can only be plotted after the fact. Only, when the trend has completed the whole cycle. We never know if the plotted trendline in the given time is already the final one, ...

Price Action in Day Trading by Dadas

Oh, Master of trendlines, THANK YOU! No, that is not the correct trendline, either. The correct trendline should start where the trend Began and end where the trend Ended. Thus, on the H1 we can tell where the trend Began, so we have the starting ...

Price Action in Day Trading by Dadas

Maybe it is because you don't read from where you finished? Everything here has a meaning. I wrote before that this thread is like a book. You must remember which was the last post you read, then read on. This is the explanation post you missed: ...

Price Action in Day Trading by Dadas

Which trendline is the correct one? image This is to show you that trendlines are fiction! This method is the Price Action method, not trendline method! It is Price Action in the PTECZ and around the PTECZ which tells us about the trend.

Price Action in Day Trading by Dadas

Post #4 url Maybe it was when the problem with charts? The PTECZ can be a little longer, sometimes, but you must judge this, have a feeling for what is a PTECZ and what is just a strong momental reverse. Often not resulting in trend reversal, only ...

Price Action in Day Trading by Dadas

And one more hint: When you have understood the idea and practised theoretically, try to get more realistic. Look at the charts from the moments you would be actually trading. Then, make analisys like it was the real time. Make the whole trading ...

Price Action in Day Trading by Dadas

One more hint: Do not look at the charts like maybe you can get some Pips! There are Pips everywhere. Look at your charts from the point of how many Pips I want to take. Then, look where those Pips are available, like I described in post #587 url ...

Price Action in Day Trading by Dadas

Sorry, but what is your analisys? This is a small part of analisys, again. You have defined the trend in a very strange way. Only by 1 trend line? Trend lines are not good. You can draw a trend line like you want. Look at the top of your chart. Make ...

Price Action in Day Trading by Dadas

Custom_Zone_Candle_with_Index.mq4 update update update update update update I have noticed a little issue about the PTECZ diamond on the current candle. Thus, I have set the diamond to show only on Candles from Index 1. Same with the Index dot. So, ...

Price Action in Day Trading by Dadas

Now, since the Price wants out the bottom, find the next potential levels: image This support is stronger, but it reaches all the way down almost to the floor level. image

Trading Gold with PA

Oh, and by the way: It has been said that: We learn all our lives, and we die stupid!

Price Action in Day Trading by Dadas

Thank you for words of wisdom. I, myself do not like it when people call me that. But, I can not fight with that, either. If they wish to, let them. Some people, most people need that! They need leaders. They need example. Otherwise, no religion ...

Price Action in Day Trading by Dadas

image Look at it this way: Price is at the historical level, where there were Buyers (Bulls). But, there were also Sellers (Bears), more recently. So, the Price is half way between Bulls and Bears - Congestion. Isn't that what we are seeing today? ...

Trading Gold with PA

Thank you, It is easy for you to say. When am I supposed to do that? Between answering? I hardly have time to trade, now! I hope someone is already putting it all together into one readable file! And, if anyone is following with understanding, not ...

Price Action in Day Trading by Dadas

GOLD is now in Consolidation period after the Bullish run. Any Shorts are potentially dangerous! image

Trading Gold with PA

I will be consistent and post the picture. I plotted the Zones with my plotting tools yesterday, or was it Saturday? Before the Bulls reached the Zone. I did not want to move them, thus the extensions: image

Trading Gold with PA

Look at this EURUSD example today, now: image I have identified an H4 Zone Candle with potential levels. Look at DR, it is typical, not small, not big. After the big trend, it usually gets slower. Seeing the S/R levels, I am careful about Long, ...

Price Action in Day Trading by Dadas

The Daily Range is just extra information. It is not something you must stick to as for sure. You must observe the Daily Range for some longer time to see how it is working. What is typical for a given instrument in the given time. What is not ...

Price Action in Day Trading by Dadas