You could also look at it like this, from earlier PTECZs: image

Price Action in Day Trading by Dadas

GOLD is much more tricky. It is like playing with explosives. You must, really know what you are doing. image Trend does not always end where it looks like that on the chart. It often ends earlier, but there is another testing which goes Higher or ...

Price Action in Day Trading by Dadas

Very good job! Now, study this example: image Here, I have located a better lower PTECZ, the one ending the local Bearish Trend. image And, keep up the good work

Price Action in Day Trading by Dadas

A complete example of what Price Action is about, what a complete analisys should look like, also presenting the application of the Zone Candle can be found here: url

Price Action in Day Trading by Dadas

"all what i am trying to tell you all there that this forex has no fixed system . has no rules ." That is not true. The Forex Market has one rule: Balance is always = 0. One who understands this rule, the basic rule of economics - understands it all.

Price Action in Day Trading by Dadas

PS. Notice the Bullish spike just before I closed. Let's see if the price returns to that level, today?

Trading Gold with PA

Please, I am giving you all this opportunity, draw me the Zone Candle and PTECZ analisys for the above situation.

Price Action in Day Trading by Dadas

Now, I can show you what I have done yesterday and today. First, yesterday I was trying to be too smart. I did not wait for the proper signals, just assumed and entered 2 Short trades. The price continued up. But, I did not close the trades, as PA ...

Price Action in Day Trading by Dadas

Now, I can show you what I have done yesterday and today. First, yesterday I was trying to be too smart. I did not wait for the proper signals, just assumed and entered 2 Short trades. The price continued up. But, I did not close the trades, as PA ...

Trading Gold with PA

PS. And, you are right, it is not as simple as "3 candles up, one down". The trader must know where they are, must have the orientation in the Price's global and local positioning. This is Forex topography. There is no Forex GPS to tell them which ...

Price Action in Day Trading by Dadas

@Samer1970 "i am not shouting. it is simply my typing board cabs is on." Caps on is considered shouting in Forum posting. "i have said PA is not only the solution, it is just a guess, let me explain to you" I never said PA is the ONLY solution, I ...

Price Action in Day Trading by Dadas

PPS. Yes, now it makes sense! Those spikes were on DD broker's chart. He knows where the Pending Orders have Stops (S/R). He can work with that information.

Trading Gold with PA

PS. The best solutions are the simple ones. The best solution is the one which works for You!

Price Action in Day Trading by Dadas

You do not need to shout! You have the right to your own opinion. My results show if I am mistaken or if I am right. PA is the solution, there is no better solution than PA. Unless, you are the one who can move the price in the direction you want. ...

Price Action in Day Trading by Dadas

The dash lines on Zone Candles: You can see dash lines on the Zone Candles. They are either green or red. These lines mark the 50% levels of the Body Zone. Green, means the Zone Candle was Bullish. Red, means the Zone Candle was Bearish. They show ...

Price Action in Day Trading by Dadas

PS. As far as SL cutting out - I would agree if it were a DD broker. With ECN brokers, what would be the reason? Unless it is the Bank who has any interest in such a thing. As far as "no big deal" - I think every Price Action is information. I have ...

Trading Gold with PA

In case anyone still does not know how to practise: Copy what you see on the pictures in my posts to your charts. Either draw with the rectangle tool, or use the Custom_Zone_Candle.mq4 Use the PTECZ - draw with the rectangle tool. Describe what you ...

Price Action in Day Trading by Dadas

AUDUSD H4 on D1 ZC: image A pretty straightforward picture. Who wants to practise, please post your analisys. M30 on D1 ZC: image Who wants to practise, please post your analisys.

Price Action in Day Trading by Dadas

EURUSD D1 on W1 ZC and D1 ZC: image Who wants to practise, please post your analisys to this picture. H1 on W1 ZC and D1 ZC: image Who wants to practise, please post your analisys to this picture.

Price Action in Day Trading by Dadas

Yeah, I looked at several other brokers' charts, no sign of this drop. ECN and DD. But my broker is ECN, you can check that out on the web. Works on commissions, spreads are really low, on GOLD I get spreads even below 10 Points, which is like below ...

Trading Gold with PA