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- Bookman replied Apr 19, 2013
But you've said before you have to wait for price to come back out of the PTECZ to enter. This means you are NOT going short at the top, you're waiting for a pullback
Price Action in Day Trading by Dadas
- Bookman replied Apr 19, 2013
I don't understand why you entered where you did. I see it looks like price bounced off the gray PTECZ, but then you entered smack dap in the center of another PTECZ on weak looking candles. How did you know price was going to continue going up????
Price Action in Day Trading by Dadas
- Bookman replied Apr 19, 2013
Why would you enter on that candle specifically? It looks to me like the entry point off the lower PTECZ would have been 28 candles prior.
Price Action in Day Trading by Dadas
- Bookman replied Apr 19, 2013
How do you enter short at the top? It's impossible to know where exactly the top is.
Price Action in Day Trading by Dadas
- Bookman replied Apr 18, 2013
Where exactly do you enter short in the example you gave at the beginning of this thread? I feel like I always either enter too early and end up in a fake out or I enter too late and the risk reward ratio never gets close to 2:1 resulting in an ...
Price Action in Day Trading by Dadas
- Bookman replied Apr 18, 2013
How can I test this strategy with MT4 strategy tester?
Price Action in Day Trading by Dadas
- Bookman replied Apr 18, 2013
I'm confused as to what intraday elements of PA are telling you to buy there. I have attached your chart with my questions.
Price Action in Day Trading by Dadas
- Bookman replied Apr 18, 2013
Lots of things I'm not understanding about the zone candle. Where do you get the numbers 134 and 162? Why are you choosing to compare these 2 candles? Why not choose the candle 3 candles before 134 for instance? To enter the trade are you looking ...
Price Action in Day Trading by Dadas
- Bookman replied Apr 18, 2013
I am confused as to how you are using the zone candle to enter trades. Can you give an example of where you enter and how?
Price Action in Day Trading by Dadas
- Bookman replied Apr 17, 2013
Is this one good? I think I found a 1 hour ptecz that never got an entry signal , but 15 min and 5 min entry ptecz's inside.
Price Action in Day Trading by Dadas
- Bookman replied Apr 17, 2013
Thanks, now I am seeing what you're saying. One more question, do you put your SL above the candle that touched the 5min PTECZ or above the top of the 5 minute PTECZ?
Price Action in Day Trading by Dadas
- Bookman replied Apr 17, 2013
I still would like to know if it is possible to enter off of the blue PTECZ. ejiexe or dadas please let me know. url
Price Action in Day Trading by Dadas
- Bookman replied Apr 17, 2013
How do you determine which direction the trend is on a chart like this? Seems very easy to end up in buys and sells at the same time.
Price Action in Day Trading by Dadas
- Bookman replied Apr 17, 2013
I assume the reason it is a good idea to wait for it to retrace is to improve risk/reward.
Price Action in Day Trading by Dadas
- Bookman replied Apr 17, 2013
I thought the way to enter trades in the system you described was to wait for the price to retrace back up after the engulfing candle takes it out of the consolidation zone. Hrmmm that chart quoted in the original reply is not the chart i was ...
Price Action in Day Trading by Dadas
- Bookman replied Apr 17, 2013
when would you have entered short on this chart? it looks to me the engulfing candle never retraced back into the rectangle.
Price Action in Day Trading by Dadas
- Bookman replied Apr 17, 2013
Is this a good usdjpy set up? i put two sell limits in the rectangle with 2:1 risk reward.
Price Action in Day Trading by Dadas
- Bookman replied Apr 17, 2013
What exactly constitutes an engulfing candle?
Price Action in Day Trading by Dadas