More on Break Out Levels Break Out Levels are really any Levels that Price Breaks Out from. The important BO Levels are the Close Price Levels on the Trend Candle. If you study the charts carefully, you will see that there are 3 ways Price behaves ...

Price Action in Day Trading by Dadas

If you have doubts about PTECZ which is Sunday Candle, but you see Price Rejecting this level, look for historical PTECZ at the same level. Think BO as every Close Price, not only BO from Consolidation Zone! Limit Orders are chasing the Market. ...

Price Action in Day Trading by Dadas

Case 1: You point to a Bullish BO Candle. The small Green Candle before the BO is a PTECZ. Why do you Sell on a Bullish Trend ??? You should be Buying on the retrace to the PTECZ just after the BO Candle. If the Bullish Trend is at the Top, where ...

Price Action in Day Trading by Dadas

Starzu, you didn't understand the idea! You are guessing, predicting, gambling! You are not going with the Trend but against the Trend! You are assuming the Price will respect the PTECZ! No, No, No, and again, NO! The Price will respect nothing! If ...

Price Action in Day Trading by Dadas

Price is refusing to BO Down, so it doesn't look like there is going to be Big Pips. Just took an extra +25 Pips inside Body ATR. image

Price Action in Day Trading by Dadas

image Ask yourself again, how many SL's have been wiped out c/z they were just above last High? And, now you know why I didn't set up a Buy Stop. If there will be a Short opportunity, I don't know. Have to wait until BO.

Price Action in Day Trading by Dadas

Following up on the Pending Trade: image It didn't get triggerred, and Price made a sudden turn. There are obstacles on the way Up, the Red Dash Short BO's from the past Consolidation. Situation is not clear, must wait at least until H1 Close. So, ...

Price Action in Day Trading by Dadas

This is the inside Body_ATR_Levels Trade: image BTW, this account has now been tripled!

Price Action in Day Trading by Dadas

Thus said, an example must follow: image The outer thick Crimson and LimeGreen Lines are the distances from Daily_Range_Stats. They define my Potential Trading Extremes for today. So, as always, Price has 3 options: 1. Go Up, 2. Go Down, 3. ...

Price Action in Day Trading by Dadas

PS. One little hint: I always look to the left on the previous Trend in the same direction as my Trade. I put TP just in the area of the previous PTECZ which stopped the Trend. And, think Break Out Levels not only as Break Out from Consolidation, ...

Price Action in Day Trading by Dadas

I went along with Philipp's idea for a Trade on AUDJPY: image Just that I did it my way, and according to my rules. Setting TP and SL @ 1:1, about, and setting Stop Pending @ my BO Level. As hedge, I used AUDUSD: image That, simply, didn't get ...

Price Action in Day Trading by Dadas

That is exactly the main reason for people to lose their money - psychology! But, it's the same in life, too! The people who get the most in life are those who go with the flow. Same with Trading - hope for little, but take it! You know, the border ...

Price Action in Day Trading by Dadas

Scalping the M1 on EURUSD: image

Price Action in Day Trading by Dadas

Man, you're doing just great! Don't try to be perfect! That's impossible and will only leave you frustrated. I say, if you can make +5 Pips every day, that is enough to make you a millionaire! Sometimes I see people on Forums showing +500 Pips a ...

Price Action in Day Trading by Dadas

image

Price Action in Day Trading by Dadas

So, how simple can it get?! That is how simple it is! If and when you stop fighting the Market and let it decide. That is the whole secret - we don't know anything - the Price will go where it will go - always!

Price Action in Day Trading by Dadas

This is my GOLD Trade today: image image Now, what happened here was that right after 1:00 a.m. when the 1440 Entry Lines appeared, I just took my best Entry shot I could c/z at that time I just don't think clearly and I can't wait another hour ...

Price Action in Day Trading by Dadas

I took a Trade on GBPJPY: image There was some Short Potential on the previous H4. Why did I Close now? Because at this moment I would rather look for a Long. However, it's not certain, thus better to wait and see.

Price Action in Day Trading by Dadas

Hi tonyxc, I see you are in the Box-Art stage - nice! I see AUDUSD like this: image image No need to explain much - look for Short according to Blue Entry Lines. PS. The Goldenrod Diamond Arrows show me where the PTECZ is on standart chart.

Price Action in Day Trading by Dadas

With the right setup and the right set of mind, I guess any time is good for a Trade: image +15 Pips at this hour is great for me!

Price Action in Day Trading by Dadas