Price Action in Day Trading by Dadas

I like the way you approach forex.

There is NO shortcuts.

That is correct, if one wants to have results in Forex it is HARD WORK!
It is consistent repetion, repetition is how we learn.

You sit down, start MT4 or another platform and do it:

EURJPY
H4 on the W1 Zone Candle and the D1 Zone Candle.

The Price broke down out of the W1 Support Zone,
then retraced to the Support Zone, which is now Resistance.
We are on the continuation of the Bearish trend.

The Price is also breaking down through the D1 Support Zone.
There is a PTECZ and the Price is also breaking down through the PTECZ.

However, when we look to the left, there is another PTECZ, which is Support.

Looking at Daily Range and Average Daily Range - I use my own WADR which is Weekly Daily Range -
there is still potential for Short on retrace to the higher PTECZ.

So, watch what is happening, Price Action, on M30, and when there are signals for Short Entry,
switch to M5 for precision entry.

EURUSD

D1 on W1 ZC and D1 ZC:


Who wants to practise, please post your analisys to this picture.

H1 on W1 ZC and D1 ZC:


Who wants to practise, please post your analisys to this picture.

AUDUSD

H4 on D1 ZC:


A pretty straightforward picture.
Who wants to practise, please post your analisys.

M30 on D1 ZC:


Who wants to practise, please post your analisys.

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 see - like reading what is going on with the price.

Repeat this each and every day, not once, but many Times.
And again, and again, and again, etc.

Until the end of Times, and another day longer!

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 the strength of the local trend.

If on the Bearish trend price retraces above the Red dash line - the Bearish trend is not so strong.
If on the Bearish trend price retraces to the Red dash line - the Bearish trend is strong.
If on the Bearish trend price retraces below the Red dash line - the Bearish trend is very strong.

If on the Bullish trend price retraces below the Green dash line - the Bullish trend is not so strong.
If on the Bullish trend price retraces to the Green dash line - the Bullish trend is strong.
If on the Bullish trend price retraces above the Green dash line - the Bullish trend is very strong.

This is just information.
Not a signal for entry, just information about trend strength!

These lines, especially from higher Tfs, W1 up, often prove to be important S/R levels.

HI
I THINK YOU ARE MISTAKEN HERE.
PA IS NOT THE SOLUTION
PA IS JUST ANOTHER WAY TO GUESS WHAT WILL HAPPEN FROM A LAG PA SIGNAL FROM CANDEL CLSED BEFORE THE REAL PA IS HAPPENING.

I did forex trading for the last 9 years
i have tried all and most and high tech or low tech ot even stripped strategies ... All lead to loss.
The only way to gain money in this market is not pa only

i admit that pa might give some good guessing but this market is built on seeings not on pa

i am using since few years and i admit i was very stuiped that i did not follow it in a good manner before a simple strategy that everyone is using it but has no name called down down buy as per +ve swap, up up sell as per -ve swap. If you are 200 then 400 pips up, simply sell, if you are 100 or 200 or 300 or....... Buy on each such difference, then the pa will be forcing you to gain as fib 23%.

I will show here some of my results.
Go to trades page and see my real account with alpari
it age is only 6 days and it makes gains of 10%

herewith attached my chart

i built my ea ( not for sale -not for publishing )
any time frame
any pair
any spread - yes if it is smaller betre for you, but id doenot matter for this strategy
any swap
no any single stuiped indi
enjoy

samer

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.
Or, maybe you know the real PA and where it is going?

There is a great difference between guessing and diagnosing upon symptoms.

PA are the Symptoms, the trader is the Diagnost.

Just like the Doctor - the doctor is not guessing, he is diagnosing upon symptoms.

The doctor is never 100% right, he makes mistakes, too.

Price Action are the symptoms - the Trader is the Diagnost.

Learn to Diagnose, and you will stop guessing.

And, thank you for posting, you have found your way.
Took you a lot of time, though.

I am trying to help people save some time, maybe even a couple of years on fruitless searchings.

If one understands my PA vision, they can build on that.
They can build any strategy they wish.

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

Very Good thread. I'm in.

hi - i am not shouting.
it is simply my typing board cabs is on.
nevertheless.
i have said PA is not only the solution, it is just a guess, let me explain to you
3 candles, are up and one is down .... wow it is this pa signal, i must sell, then suddenly, the market goes more up... loss.
or another example
R ans S with PA :
yes, yes it is going to reach my expected S down, wow i must make now Buy, then ohhh i made buy , then ohhh pa goes more down and down and down....loss.

all what i am trying to tell you all there that this forex has no fixed system . has no rules .

all r just guessing ....

my strategy is also guessing but it is well studied guessing depending on PA direction and swap.

i am not saying that you r wrong

this is your way , and you might gain money ------------------> our all main aim is to gain money - yes or no ? yes...

here is another example - - h-h sell on h4 - simple no need for all this ...... complications.

enjoy

samer

@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 say it is the BEST solution.

"3 candles, are up and one is down .... wow it is this pa signal, i must sell, then suddenly, the market goes more up... loss."
Yes, that is exactly what one does, who does not understand Price Action and how to read charts.

"R ans S with PA :
yes, yes it is going to reach my expected S down, wow i must make now Buy, then ohhh i made buy , then ohhh pa goes more down and down and down....loss."
Yes, that is exactly what one does, who has not read all my posts and has not understood Price Action,
and what to do at S/R Zones. You explain someone who makes predictions, thinks for the price,
insists that the price must do what they want.
I say and I will repeat:
When in the S/R Zone, the price can always do 3 things:
1. Consolidate,
2. Breakdown,
3. Breakout.
It is Price Action and the Trader's ability to Diagnose which show the direction.


"all what i am trying to tell you all there that this forex has no fixed system . has no rules ."
This is obvious! If anyone thinks different, they should reread all my posts.
As often as they need in order to understand.

Some will understand immediately.
Others will need more time.
Some will never understand.
This is the nature of people.

"all r just guessing ...."
"my strategy is also guessing but it is well studied guessing depending on PA direction and swap."
That is correct, you are quessing.
We are diagnosing.

" simple no need for all this ...... complications."
To be honest, I do not see anything simple on your charts.

In other words, Samer1970, you have described a trader who does not know WTF is going on on the charts.

This is not what my thread is about.

Here is the link to my full analisys of GOLD.
This is an example of what this thread is about:
http://www.forexfactory.com/showthre...56#post6551956

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 direction to go now.

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 told me there should be Shorts.
I opened a double Short at the top, yesterday, when I saw the Short signals clearly.
Thus, when already in good profit, I closed the double Short and just
a few moments later I closed the other two trades at profit.


PS.
And again Daily Range did not fail.
I must believe in DR more.

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

"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.

Hi, Dadas, thanks for everything!

Here I did some practise, this is eur/usd, H1 chart, and i just did at 15:26pm London time. Please take a look, thanks.

george

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:
http://www.forexfactory.com/showthre...56#post6551956

Very good job!

Now, study this example:


Here, I have located a better lower PTECZ, the one ending the local Bearish Trend.


And, keep up the good work