Great thread D.
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Dislikedsell position in audusd notic that i inter later in this positionIgnored
DislikedHi Dadas, nice work so far. I have, I hope, a sensible question.
With regard to your above EY charts we can see we are in a short market, per this timeframe. Why are you drawing your PTECZ's where price turns long? Why not where the sellers join the market as in my example? In this way we highlight where the sellers have come in and sold highlighting where, should price return to this level, a place to sell again?
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Cheers Daz.Ignored
DislikedOK, nice. In a way your are highlighting where 1 2 3 patterns turnaround, the point at which supply or demand come in and reverse price.
Just took this trade, more in line with your boxes earlier.
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Daz.Ignored
DislikedIgnored
DislikedIt is not showing off, just showing it in the proper way.
Nobody wants to see your account statement.
This way shows at least some credential.Ignored
DislikedYes my entry was what you might call an "aggressive entry". I didn't wait for price to break down before entering. The trade off I suppose is I wanted the tightest entry in relation to my stop rather than wait for price to break lower and have to risk more pips and thus lower lot size.
You must have very good eyesIgnored
DislikedHi Dadas
I'm still not sure when I should open a trade - I get it that the PTECZ is a very important zone. If we are watching the PTECZ closely, then what is the purpose of the Custom Zone Candle.
Anyone who has grasped the concept, would you care to share what you 'see' please?
I like that its possible to trade without indicators but after having read through the thread, I'm still not able to see when we should trigger a trade precisely.Ignored