It's not my problem that you don't take your Profits! I didn't say this is a rule and you must take 100% of ATR... You had Profit, you didn't take it. I am not giving you Nobrain methods - Nobrain methods don't work. Only intelligent Trading works! ...

Price Action in Day Trading by Dadas

@Ariful Mamun, Price is now going Up - I marked the High with a horizontal line. image Following this line into history I find the importatnt Resistance level: image I find the most appropriate PTECZ on Trend Up: I see two PTECZ Levels, here. ...

Price Action in Day Trading by Dadas

Ariful, I said a 100 times that I hate repeating the most simple and basic things! If Price is in Trend Up, you look for Ceiling PTECZ on historical Trend Up. If Price is in Trend Down, you look for Floor PTECZ on historical Trend Down. This is not ...

Price Action in Day Trading by Dadas

Regarding PTECZ, you are not wrong. All depends which PTECZ you are looking for. I look for W1 and D1, sometimes H4, historical PTECZ for Floor and Ceiling Levels by ADR. PS. I allow Andrews' Pitchfork.

Price Action in Day Trading by Dadas

Ariful, First, you don't understand the idea of Trend lines. The MT4 default Period Separators for D1 are Monthly. OK, you can use the Monthly Period for Trend Lines, if you like. I use my own Custom_Period_Separators.mq4 so I can have the ones I ...

Price Action in Day Trading by Dadas

Any StyleTrader's Hint If you want to get properly prepared for your Trading, let's say on Sunday or Monday, just calculate the number of the Timeframe Candles in your Trading Style/Term, and apply that number to Body_ATR_Levels.mq4. Example: Daily ...

Price Action in Day Trading by Dadas

So, for EURUSD, the following picture makes perfect sense: image

Price Action in Day Trading by Dadas

OK, so that was history! What about now, the present in relation to further action? The present looks like this: image Friday looks like a PTECZ - we will see that when Markets Opens. For us, here where we get Sunday Candles, we must wait that ...

Price Action in Day Trading by Dadas

Swing Weekly Trader's Hint Body_ATR_Levels.mq4 provides very useful information for the Swing Weekly Trader. The Swing Weekly Trader's goal is to Enter as soon as they recognise the Swing. This can be done at least in 2 ways: 1. The more Risky and ...

Price Action in Day Trading by Dadas

I understand, however your second idea is strange, because you must place the Buy Stop Order on Candle 1 Close not wait for the next Candle. It works best when you see Price Action in Action and place Stop Orders when you see the retrace (Wick) ...

Price Action in Day Trading by Dadas

So, 2 adjustments to Body_ATR_Levels.mq4 . Introducing 2 useful input parameters: 1. Line_Left_Offset - extends the Lines by number of Candles to the left (think Candle Index), 2. Label_Offset - helps adjust visibility of the Body_ATR(X) Label due ...

Price Action in Day Trading by Dadas

Actually, the Body_ATR Lines on the right help you do the thinking, because they clearly set the context for you to see the limits.

Price Action in Day Trading by Dadas

Now, let's comment on the second situation from P.Action's example: Candles 1,2,3,4,5, where 1 is the Trend Candle for Buy Stop: image Once again, the secret word is "THINK". Obviously, taking the average of the last 5 Candles is a mistake, here, ...

Price Action in Day Trading by Dadas

Besides, who places any Buy Order just under the Resistance Trend Line, when logicaly, the probability of going further Up is very small? P.Action, you answer this question for yourself! image

Price Action in Day Trading by Dadas

image

Price Action in Day Trading by Dadas

image THINK P.Action, THINK MAN - THINK!

Price Action in Day Trading by Dadas

image image

Price Action in Day Trading by Dadas

I speak about Body_ATR. How can you use ATR if you can't Enter at High or Low of any Candle? The best you can do is Enter at Close or Open. And, be reasonable, don't aim for 100% ATR!

Price Action in Day Trading by Dadas

Of course that it must be applied to Live Trading! I also encourage you to study the charts now, as you have some free time! Consider the Body_ATR(5) - it is simple to calculate using crosshair: (Pips from Highest Body Level to Lowest Body Level)/2. ...

Price Action in Day Trading by Dadas

Trend and Trend Lines Trend and Trend Lines is an issue that seems to cause a lot of problems with newbies, but I have a strong susspicion that many experienced Traders are not confident, either. I think that I can help in this matter. I have ...

Price Action in Day Trading by Dadas