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Keep in mind that these zones will be posted before each session begins. Also, the lines on the chart are target areas for taking profits. Notice how price respects those areas. Price will react to my trade zones 85-90% of the time. With that being said, it does not equate to 90% winning trades. A price reaction doesnt mean a trading opportunity or a winning trade. What it does do is give you areas that you know have a great chance to react and if price reacts in the direction you expect and triggers you in, then you take the trade with a high probability that it will win. The best trade set ups happen when the trend is in your favor. What qualifies a trend. Basically, an up trend is when the 40 SMA is crossed over the 100 SMA and the 100 SMA is at least starting to Angle up. A down trend is the exact opposite. There are times when it is ok to trade against the trend, but the absolute best set ups come when the trend is clearly up or down and price tests the zone and gives a trigger to enter. It’s ever better when price test the zone and an angled down 100 SMA at the exact same time. These trades do win about 90% of the time but dont happen every day.
Once again, sorry this is a little wordy and scatter brained. Please let me know if you have any questions.
Hi mate, very interesting thread u have here.but first of all, ur attachments are quite blurrish and I can’t really see the things you’ve written or the pairs you are analyzing. Would you mind if u find another way to post the attachments so we can clearly zoom it?
Sorry about that… not sure how I will prevent it… I’ll try it another way the next time I show charts
Sorry I havent been posting… its been a crazy week. and I havent been able to make it here to babypips. If there is any interest from members ill continue to post. I will post the levels (numbers) not the screenshots since it is hard for people to view.
So heres what you do: You will see Zone high and zone low. Go to your chart and put 2 lines or draw a rectangle (this is what I do) with the high and low, and strech it out from the open (7am central time for currencies) to the close (in the future). Then, take the targets (DS target = downside target, US target = upside targets), and at them on your chart with horizontal lines. Then, follow the rules I posted in the first post and use the zones for entries (with the right patterns), and the targets to start scaling out of your position. If you trade the EurUSD and the GBPUSD, you can put these zones on your chart. They wont line up exactly with the spot market, but they will get you pretty close. Anyway, thats it. On the next post, I am going to post the last 3 days of zones. This weekend you can look back and see how price reacted or didnt react to the zone on your chart. Keep in mind, these SUPPLY/DEMAND zones were put on the chart before the US currency market opened (7AM). Please let me know if you have any questions
Last three days zones: