Narrowing down the PTECZ Let's say we start from D1, we find a PTECZ: image Switch to H4: image Switch to H1: image Switch to M30: image Then watch the price! If you have the PTECZ which shows the floor (in this case), so the price does not ...

Price Action in Day Trading by Dadas

Well, you are doing the right thing, if you are making Profit over Loss! But, look closely on my chart. What aftermath? You are working with aftermath symptoms. The M30 PTECZ was already there when you were looking. Just find it and draw the Zone ...

Price Action in Day Trading by Dadas

Or, you could use the earlier important PTECZ on M30: image Why is it important? Because it ended the Local Bearish Retracement Trend and price never Broke down from this PTECZ.

Price Action in Day Trading by Dadas

So, you use a small period Moving Average to tell you about trend. I suggest you look at it like this: image image image Go on, move one level up, upgrade your trading!

Price Action in Day Trading by Dadas

It is not to open/close positions. It shows the Zone Candle and OHLC Lines. Please, you must study the whole thread to understand.

Price Action in Day Trading by Dadas

Yes, I was just about to write: There was a Monday limitation to always show D1 from Friday. Now, limitation is cancelled, corrected. The corrected versions to upload from the original post and here.

Price Action in Day Trading by Dadas

But, if I were to say anything about the rest of 2013, I think that GOLD will be on the way Up. In about 3 weeks we should see 1612 - 1613. Then, in 4-5 weeks, some retrace, even down to 1578. Then up until breaching the upper AP fork, and when ...

Trading Gold with PA

Any way you look at it, the PTECZ is working! image

Price Action in Day Trading by Dadas

image The D1 chart in relation to previous important W1 Zone Candle (the brown-gainsboro background), which is the W1 Candle with the previous Lowest Low, shows that price wants to go up, but keeps finding resistance. Though, sudden drops are ...

Trading Gold with PA

So, we can, now have a picture like the following one: image

Price Action in Day Trading by Dadas

I have created a new version of Multi_Zone_Candle.mq4. Now, also available as Multi_Zone_Candle_OHLC_Lines.mq4. There is a trick, example: 1. Show_MN_Rectangle true & Show_MN_OHLC_Lines false - will show only the Zone Candle. 2. Show_MN_Rectangle ...

Price Action in Day Trading by Dadas

I quess, however, the traditional Stock Market, without leverage, is a bit different. You must follow the fundamentals and know the situation of the company you own stock. I have never invested in Stocks, so you must check that out for yourself!

Price Action in Day Trading by Dadas

Yes, that is a problem. They are on a different server, seems the views I get overload that server. I have asked moderators to enable edit mode for these two posts, so I could upload the charts. Waiting for their action!

Price Action in Day Trading by Dadas

You know what, guys?! I could have taken the ca. 40 Pips from the Friday Short, if I had gotten the idea then, to see it like this, Custom_Zone_Candle_Tf = 1440, Custom_Zone_Candle_Index = 4 (the important trend Candle). I checked the W1 and MN, all ...

Price Action in Day Trading by Dadas

Plotting any lines is always possible with an Indicator-tool. Just specify more precisely, because from what I understand, You want to plot lines from different Index Candles, thus with automatic plotting, you need the lines to stay there when you ...

Price Action in Day Trading by Dadas

In other words, EURJPY is at some important Low moment. So, the price will, probably stick around before it makes a firm decision. That is the moment where the inexperienced trader gets lost, because they do not know what to do. The answer is ...

Price Action in Day Trading by Dadas

Look at the Global Positioning first! Look at the H1 chart! Exit Long is correct, because the price is only retracing on the Bearish Breakdown Candle! Generally, we should not take Longs on a Bearish Trend! Look at all the symptoms, from MN down to ...

Price Action in Day Trading by Dadas

The above should be your answer. I repeat, again: - Global Positioning - first! If you always do it like that, from the top to bottom, you will be able to make the right decisions. The mistake margin will be much smaller.

Price Action in Day Trading by Dadas

forexforex & everybody I just got an idea after forexforex post! It is not about the OHLC lines and levels, but about methodology. Let's say we trade OHLC levels, like forexforex. This would be the methodology using the ...

Price Action in Day Trading by Dadas

Well, not that I am resisting this time, but isn't that what the Zone Candle is showing? You have, now the option to highlight any Candle by Index. Do you really need to know the actual value of OHLC? Isn't the pictured level enough? If you need the ...

Price Action in Day Trading by Dadas