image In the H4 context, looking like Bears.

Trading Gold with PA

davidtrader, please post your results, your closed trades, both Profit and Loss. I will show you what you have done right, and/or what was wrong.

Price Action in Day Trading by Dadas

Market - Broker - Charts The Forex Market is very volatile, these days, people say, that is why we are losing money. But, it is that volatility which enables us to make money trading the Forex Market. It is the change, the price movemewnt, the local ...

Price Action in Day Trading by Dadas

OK, davidtrader, so we know that you can identify the PTECZs. Show us, now what you can do with them, show us some demo trades.

Price Action in Day Trading by Dadas

I just realized that I was explaining a later situation, above. Below, the same situation Gumrai describes and why. image

Trading Gold with PA

Start from the begining of the thread, go step by step. Look at your charts and draw, copy what I post. Then, find other such situations and analize them in the same way. After some time, 2-3 months, depending how much time you spend learning, start ...

Price Action in Day Trading by Dadas

EURUSD The Congestion or Consolidation is pretty wide. And since the time, it should be enough for today. Further direction of price depends where it breaks and then confirms.

Price Action in Day Trading by Dadas

EURUSD We have a new H4 PTECZ Support. image GOLD Like they say: It ain't over till it's over! We have a new H4 PTECZ Support. image

Price Action in Day Trading by Dadas

EURUSD So, we have a PTECZ Cage, the Price got stuck between the Support Zone and the PTECZ which neglected the Bull counter attack on the Bearish surge.

Price Action in Day Trading by Dadas

OK, you get the idea!

Price Action in Day Trading by Dadas

EURUSD Typical, now it is moving. I thought the DR was too low, now it is not so low!

Price Action in Day Trading by Dadas

EURUSD How many of you got SLed today? I decided to Close the trade, because the price is undecided. I will still be watching, wait for the H4 to Close. image

Price Action in Day Trading by Dadas

GOLD: H4 Closed, no PTECZ, got to wait another 4 hours. EURUSD: Are we on the move up? Daily Range is low...

Price Action in Day Trading by Dadas

About Moving Averages: My method does not assume the help of any Moving Averages, nor any Indicators based on MAs. However, I know that some people will still be tempted to use Moving Averages. So, I thought it would be good to post a hint, here: ...

Price Action in Day Trading by Dadas

Well, remember, we are not predicting, we are watching Price Action. H4 on W1 Zone Candle: image Yes, we have a PTECZ, we must watch what the Price is doing in the PTECZ and watch Daily Range for DayTrading. Also, this is the Easter Week, so the ...

Price Action in Day Trading by Dadas

A hypothesis: image

Price Action in Day Trading by Dadas

Let us see how we can apply the method in real time. GOLD H4 on W1 background with H4 PTECZs: image The current situation on GOLD (XAUUSD) shows a Bearish Local Trend. We will be working with the H4 PTECZ. Daily Range shows 923 GOLD Points = 92.3 ...

Price Action in Day Trading by Dadas

PS. Even when looking at a lower Tf chart, you have to see what is going on on a higher Tf chart. H4 for DT GOLD seems the best for me. If H4 says Bears, it is Short I am looking for on the M15 or M5.

Trading Gold with PA

Gumrai, a very good analisys with just one mistake, which cost you. Between 3 and 4: No, that does not look like a retracement on a Bullish Trend! image I also had costs, but only of SL too tight. I opened a Short too early. I had made the mistake ...

Trading Gold with PA

My yesterday entries, late, cause I had been posting earlier. image

Trading Gold with PA