Price Action in Day Trading by Dadas

Quoting P.Action

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{quote} and this is analyse for m1. i think right way we do. isnt it mr dadas? {image}

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Quoting P.Action

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{quote} i close be again. i didnt like 20 pips.

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Quoting paul821c

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Hello Dadas, Intersting concept. Will look more into it over the weekend. I like to trade daily charts, question is it better to use the lower timeframe or higher time frame regarding breakouts. and since i do daily how far up or down on timeframes should I go? Thanks, Paul

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Quoting Dadas

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{quote} Thanks for joining us on the ride! Please, be patient and read through the whole thread, no matter how long it is. All the questions you ask have been answered already, even more than once. You will find examples, mine and other guys, who also like to Trade your style. Then, post your analysis, your charts, your Trades. Just, please follow the thread rules. I will comment on your charts as we go along.

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Quoting paul821c

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I like to trade daily charts,

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Quoting P.Action

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last bottom buy try for me. {image}

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Quoting Dadas

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{quote} Well, P.Action, I must say that you do not understand Price Action! You can not read Candlesticks! You are just lucky, sometimes! Everything says "Sell at Top" - You buy at bottom???

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Quoting P.Action

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{quote} yeah i understood my fault. you are right. i couldnt look price objectively.

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Quoting P.Action

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{quote} yeah i understood my fault. you are right. i couldnt look price objectively.

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Quoting Dadas

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{quote} {image}

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Quoting Dadas

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{quote} Do you mean you Trade the D1 Candles? Enter at Open, Exit at Close? Or, do you Enter setups on D1 and Close on Targets, so your Trade stays Open for a couple of days, or weeks, even? Or, your idea is different?

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Quoting paul821c

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{quote} it depends sometimes ill let it run for the most part. other times ill closed it out depending on the situation. I open my trades based on the daily chart and close on the daily. i use the weekly to see trend direction.

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Quoting Dadas

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So, let's think! 0.1 Lot @ 100:1 Leverage means 1 Pip = $1 250.000 Trades @ 1 Pip Profit = $250.000 25.000 Trades @ 10 Pip Profit = $250.000 2.500 Trades @ 100 Pip Profit = $250.000 100 Pip Profit is possible in a day. Even much more! Make that compound Profit due to Lot Management. How many Trades can one make in a day? Just, something for you to think about.

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Quoting P.Action

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{quote} today mine is 12 trades +42 pips and -44pips still profit because +profits was bigger lot size. unfortunately last trade i was wrong. this week 4 day trading 38 trades and i gained +212 pips totally. 50 pips daily avarage i had. and 10 trade per day approximately. i generally check my trades periodicly(weekly and monthly).

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