Here is the Trade I planned out at night, after 1 a.m. my time, when D1 Closed on my MT4 platform, which is London time. I used the previous Big Trend Candle which was Body_ATR(16). image So, I closed 75% of the Trade at ca. +90 Pips. The rest is ...

Price Action in Day Trading by Dadas

And, having done the womework properly, in the first place, there would have been very little room for a mistake. image Mistakes always hurt you.

Price Action in Day Trading by Dadas

You see, we forgot about the previous D1 PTECZ: image That would have prevented the Sell Stop from being too high and thus from getting triggerred.

Price Action in Day Trading by Dadas

So, is that Resistance or maybe Support? We still have no answer. image Yet, notice that going with the direction of the Trend Candle would have given us TP. So, this is to prove that if you put your TP where others put their SL, you are the ...

Price Action in Day Trading by Dadas

Now, another thing I didn't do today was my Instrument Scan. I didn't look over all the instruments to seek out the best Potential Trades. Why? Because of a headache, the weather conditions... Yes, those things can influence our Trading ability! ...

Price Action in Day Trading by Dadas

And, I got SL on this one, but the question now is why? image The answer: Because the Sell Stop got triggered too early. Because I didn't adjust my Sell Stop. After seeing the M5 situation, I should have waited for M5 Candle to Close below the ...

Price Action in Day Trading by Dadas

image Now, you can watch M5, cause you know your way. So, you need the train which is going your way! image

Price Action in Day Trading by Dadas

Another thing is the issue if the "trader" understands trading at all. You can Sell Short or Buy Long. You can Sell Long or Buy Short. You can Sell or Buy. It seems to me that an excruciating number of the "traders" don't have a clue what the ...

Price Action in Day Trading by Dadas

Funny thing, EaglePip, I read that post you are posting here. Obviuosly, that guy was very confused before he "understood", so were you. If anyone ever said "go short because of Support", that means this person hasn't got a clue! Support is just ...

Price Action in Day Trading by Dadas

If you want a better picture, use this script to plot your PTECZ, or any other Candle, for that fact. It adds the Close Price Line to the PTECZ Rectangle. Study Price Action in regards to the Rectangle and the Close Line.

Price Action in Day Trading by Dadas

One more thing: Watching PA on M5 Candles as history or watching PA of the current Candle Close Price (Bid) is the same thing! People have a lot of problems with watching PA of the current Candle Close Price (Bid). They say that it doesn't tell them ...

Price Action in Day Trading by Dadas

Christianfx, There is a lot of truth in your words. Ultimately, though, you still can Enter from small Tf's, but it never worked the way I wanted it to work, until this new evolution. The secret is what I told P.Action - THINK! Of course, if you ...

Price Action in Day Trading by Dadas

+33 Pips when I wasn't even looking! Set it up, went away from computer, came back and that's it. image Just out of curiosity, let's see what M5 says: image

Price Action in Day Trading by Dadas

Maybe it turned out to be Swing style, hehe... PTECZ - correct, and Price Action on PTECZ and on Current H4, which I can not show you right now, though you can see it on M5.

Price Action in Day Trading by Dadas

Now, after the next 4 hours I repeated my style. The only thing, I freaked out too soon. Nonetheless, another proof of the effectivity of this method. image image That is, if you know what you are doing! Anybody knows why I went Long?

Price Action in Day Trading by Dadas

Manual Close @ +22 Pips due to M5 PTECZ just before TP. image

Price Action in Day Trading by Dadas

+13 Pips secured: image

Price Action in Day Trading by Dadas

+5 Pips secured, and waiting. image

Price Action in Day Trading by Dadas

Now, let's do it the right way: image H4 has closed as Trend Candle. There is a retrace going, so I set a Sell Stop. Initially TP is @ 27 Pips, conservatively.

Price Action in Day Trading by Dadas

A Trade I just took by the Body_ATR method: image This one was from M15.

Price Action in Day Trading by Dadas