Price Action in Day Trading by Dadas

Hi Dada's,

Do you take care of ECB Press Conference ?

What about PA during very important news?

EURUSD

Yesterday's D1 Candle is good refference today.


On M30 we could add PTECZs.


We can optimise on M5.

What is SAFE for you?

If you were waiting and saw the first strong Bearish Break down,
then yes, the retrace is a good place.

SAFE? This is Forex, it is not a safe place!

It is only most likely, because the symptoms show.

I like to know when the important news is.
I have an alert programme.

But, it makes no difference to Price Action.

The only thing is that you must be careful with your SLs at those times.

You see, we do not know what the effect of news will be.

The Big Guys know that, and they are only waiting to push the button, press Enter.

The symptoms are always there, just study Price Action like I show you.

I am trading GOLD.
I am going for the Big Picture.
SL is in BE now.


This must wait longer, 2-3 days?

Maybe it was because of this:http://www.forexfactory.com/news.php?do=news&id=419066
Have just started following your thread and thought that was relevant.
Good trading!

EURJPY
Here, the picture did not change since yesterday.
An easy choice, if I had been there to see it.

USDJPY

GBPUSD

EURAUD

EURGBP

AUDUSD

EURPY
Where it may be going:


And why:

ejiexe

Stop thinking: "It is going to reverse, it is going to reverse..."
You do not need the extra 3-5 Pips.
You do not need the trouble of getting Loss!

STOP THINKING IN TERMS WHAT IT IS GOING TO DO!

JUST WATCH PA, WATCH WHAT IT IS DOING!

Do not put any of your own Ego-Emotional interpretation.

GBPJPY


And why:

EURUSD
Where is it heading?
Most probably, there:


Why?
Because:

I have been following your thread with great interest, sorry if I draw you back. I notice:
We started off with CSCZ zones drawn off the 1st opposing candle. Thereafter came the PTECZ zones. I want to know how you combine this 2 zones in making your decision or are they mutually exclusive

This is good, more people should share.
It helps everybody to learn.
It gives opportunity to see the mistakes.

Other people can comment, learn in this way.
It is up to You, people if you decide to be the passive, anonymous viewer,
or become the active, open-minded learner!

True, but that is where we should start.
It is a great fact that we can have all the historical data for free!

Imagine how life was more difficult when this Market was only available to a few,
and there were no such wonderful tools we can use today!

Imagine that the only way to get experience was to lose your real money, not virtual demo money!

If you analise post-factum in an intelligent way, knowing what you could have seen then,
you are on your way to success, no matter how much time it must take!

You know what I did?

I took a sheet of paper and covered the right side of the chart so I could not see what happened next.

Now, you have testers, programmes, that you can trade like in real time on historical data,
and even faster, you can speed up the action. This is how we learn today.

I would say: "What wonderful times we live in, today!"

Maybe this example will clear your picture?
http://www.forexfactory.com/showthre...55#post6568855

Everything has been said, just reread it all.

All, from begining to end.

Not all at once.

Step-by-step, make yourself lesson hours.

Consolidation - the foundation, the beginning & end!
CZCS - The basics of basics!
Zone Candle - born out of that.
TBCZ & PTECZ - born out of that.

This is the whole knowledge in a pill!

One more answer in example:


Does it change Price Action in any way?
Didn't you get PTECZ signals for retrace up?
Wasn't that a perfect Short Entry if your broker allows and you are quick enough?
Immediate Profit!

So far the "prediction" - the read out proves to be correct: