I am gonna get a Noble Prize for patience, here: Again: 3-4 April, 2013 CHFJPY H4: image The trend is Bearish - correct? The last PTECZ is H4 Candle_Index 11 image PTECZ - Potential Trend Ending Consolidation Zone - is that CLEAR? M5: image ...

Price Action in Day Trading by Dadas

The scenario is what you see! If you are trading the H4 PTECZ, then you only look for entry on M5. You do not judge the Trend by M5, unless you want to scalp. You must know your strategy. You must know what you are trading.

Price Action in Day Trading by Dadas

Also fxblinkers: Guys, I am writing about this all the time. What is your strategy? If you do not know what you are trading, you will never know when to enter. Are you trading the D1 trends? Are you trading the H4 trends? Are you trading the H1 ...

Price Action in Day Trading by Dadas

Custom_Zone_Candle_with_Index.mq4 UPDATE UPDATE UPDATE UPDATE UPDATE PTECZ_Candle_Tf = 0 now works, will show PTECZs of current chart Tf. PTECZ_Candle_BarsBack = 500, shows PTECZs to 500 Candles back. You can change this value as you wish. The ...

Price Action in Day Trading by Dadas

I just thought of a hint: If someone is working on an older computer, go to: Tools -> Options -> Charts There, in Bars on chart choose the lowest value ie. 5000 ! This will make it easier for the older computers. They will have less data to process.

Price Action in Day Trading by Dadas

The further up, the better the view! First, MN chart, Custom_Zone_Candle_Tf = 43200 PTECZ_Candle_Tf = 43200 We identify the PTECZ as Index 2 Custom_Zone_Candle_Index = 2 image Switch to H1 image

Price Action in Day Trading by Dadas

The further we take it, the better it gets! First, D1 chart, Custom_Zone_Candle_Tf = 1440 PTECZ_Candle_Tf = 1440 We identify the PTECZ as Index 7 - because it was the Ending PTECZ of Bearish trend! Custom_Zone_Candle_Index = 7 ...

Price Action in Day Trading by Dadas

OK, just for clear vision, let us see again how this could work: It is 4 April, 2013 9:00 in the morning GMT+1. I switch on my computer, run MT4, I have my template with: Custom_Zone_Candle_Tf = 60 Custom_Zone_Candle_Index = 1 ...

Price Action in Day Trading by Dadas

A little word of excuse! It is just me, you have, probably, noticed. But, it works like this: I wake up in the morning and I have an idea. I eat breakfast and start making the idea true. Then, I overlook something, but I check, 2-3-4-10 times. I ...

Price Action in Day Trading by Dadas

Sorry Guys, it is just me LOL! There was a small mistake with deleteing old data. Fixed now, I will update the other posts. EDIT: files updated.

Price Action in Day Trading by Dadas

Sorry, parsfx, but the new version of Custom_Zone_Candle_with_Index.mq4 does not have problem! It works fine on my old computer with Windows XP. If it works on my computer, it will work on other computers, too. I was writing about that you must ...

Price Action in Day Trading by Dadas

Using the new Custom_Zone_Candle_with_Index.mq4 for PTECZ: 1. Open your chart on your favourite refference Timeframe. 2. For H1 input PTECZ_Candle_Tf = 60, you will see this picture: image 3. Let's assume we are at the pointed Candle, we do not ...

Price Action in Day Trading by Dadas

Yes, you need to see the facts! NOT THE FUTURE! You are assuming, you are plotting your scenario. This has nothing to do with facts. Facts will be seen when Market Opens! You MUST see NOTHING before it is there! You MUST see THE FACTS when they are ...

Price Action in Day Trading by Dadas

A new release of the Custom_Zone_Candle_with_Index.mq4 ! Now, added the PTECZ_Candle indicator! On the chart, it looks like this: image The little diamond under the Candle indicates the PTECZ Candle. In the Custom_Zone_Candle_with_Index parameters ...

Price Action in Day Trading by Dadas

Red Herring & ejiexe STOP! This thread has one rule which will not be broken! We do not think what the price will do! We do not assume what the price will do! We do not predict what the price will do! We do not fortell what the price will do! Stop! ...

Price Action in Day Trading by Dadas

OK, now you are the Master of your own situation! I would not leave my trade over the weekend if I could take this kind of Pips. We do not know what can happen on Market Open. And, you do not see this: image The H4 did not close, but it is the ...

Price Action in Day Trading by Dadas

We have not had any feedback from ejiexe how his CHFJPY trade closed. image On the M30 we see a PTECZ. However, the Market was slow and the situation was clear on M5. The M30 PTECZ looks like this on M5: image Notice Candle_Index = 16 image ...

Price Action in Day Trading by Dadas

image

Price Action in Day Trading by Dadas

ejiexe Just remember it is Friday and Market closes.

Price Action in Day Trading by Dadas

Great post forexforex! I wil add: Be consistent - consistently Stop Loss - you will certainly lose! Be consistent - consistently Take Profit - you will certainly succeed!

Price Action in Day Trading by Dadas