First of all, ejiexe, thanks a lot for the kind and wise reply! Thank you for all your good words, as well! I can tell by your posts, that you are the emotional type. And, you are correct - a good system can help, good knowledge and understanding of ...

Price Action in Day Trading by Dadas

I hope you still have the same PTECZ on your chart? If not, draw again, start from the first one. Only one on chart. Switch to M5 and put some arrow where you would enter and which direction. Do the same for every one of the PTECZ. Make picture of ...

Price Action in Day Trading by Dadas

Now, this is something I call Forex Art: image Seeing this picture in the morning, even without the last Bearish run, would anybody have doubts which direction to Enter?

Price Action in Day Trading by Dadas

And, one more view of the GBPJPY: image If you were asking wheather there is space down - yes, a lot of space down.

Price Action in Day Trading by Dadas

I think I have found the right refference Candle. It shows this picture: image

Trading Gold with PA

BTW ejiexe, You were wondring where GBPJPY is going next? This image may give you some insight: image And this one: image

Price Action in Day Trading by Dadas

ejiexe Can you explain just one issue? You are FF member since 2007 and you have 9 vouchers, 557 posts. How is it you are calling yourself "newbie"? I like your approach, and I am happy to see you can benefit from my method. But, this one little ...

Price Action in Day Trading by Dadas

And, in case anybody has not yet understood how Candles work, how they are built from Price Action, please read Understandig the chart, again, and study this image with D1 Candles on the M30 chart. image

Price Action in Day Trading by Dadas

Is this where GOLD is heading? image

Trading Gold with PA

I stated my opinion. However, as I look at the facts, Price Action, it looks pretty Bearish, still. image I know that people wish for GOLD to reach 2000 - it don't look that way! It looks more like we can see new, long unseen lows!

Trading Gold with PA

Taking as refference the actual Consolidation Candle from this level, there is no doubt. image The rest, above is extra bonus.

Price Action in Day Trading by Dadas

image It doesn'it get any better than this!

Price Action in Day Trading by Dadas

Yeah! And you know what? I have just had, what I will call: "The Ultimate Realization" Remember what I always said? Balance = 0 What has been taken, must be given back. What has been given, must be taken back. Sooner or later, one time or another. ...

Price Action in Day Trading by Dadas

Yes, the best answer. The Bullish Candles are long and go up fast. The Bearish Candles are distributed over a longer time. Bullish slope is steep. Bearish slope is mild. You can see that on the M1 chart if you are able to stand the jumps. Observing ...

Price Action in Day Trading by Dadas

Now, for those who are learning! Tell me by looking at this image, how do we see that Bullish is stronger than Bearish? image

Price Action in Day Trading by Dadas

image Now, some comments on why? As you can see, I set a TP twice at the same level. However, I closed both trades on Price Action. I have been thinking about this a lot. TP & SL vs. Price Action TP is, really, hoping that the Price reaches that ...

Price Action in Day Trading by Dadas

EURJPY Looks like the important Candle is yesterday's D1, so I plot: image Also, we can see where we are historically. And, the price is consolidating at D1. Looking down: H4 image Looks like a Bullish Trend is building. H1 image Still looks ...

Price Action in Day Trading by Dadas

OK, just closed the second Long on EURUSD, because there seems to be some resitance in this area. The price is bouncing back. image And, I have got to get smth to eat!

Price Action in Day Trading by Dadas

Yes, you are right. I could have chosen the PTECZ. I chose the TBCZ, because it was Trend Begining. I chose the TBCZ, because it was the last red Candle, so it made the Low for Bears. PS. I have a distant relative in France. He is or was some ...

Price Action in Day Trading by Dadas

parsfx I do not mean to abuse you in any way, but I want to comment on what I see on your chart. Yes, this is some kind of PA trading, but I see that, maybe, you do not understand Price Action in the way I present in this thread. In your chart, ...

Price Action in Day Trading by Dadas