DislikedHi, LoveJoy80 and Nasir
Both of you are excellent, appreciated your comment on my charts.
It is good to have the first time back concept clarified , this probably is one of the evil in details in my mind that is skilled for good
Regarding to ppz, if I understand correctly, it seems the zone is bounded by those bar highs and lows, in the case of my chart, this zone is too a wide to be traded within your level of risk aversion, nasir? or, probably you would like to see the current bar to be closed below the lower band of...Ignored
Well if there is PA engulfing these two zones i'd be interesting in it,... other than that i wont be trading it if there is no other reason like fundies or intermarts cause i have a low confidence in non-majors.
What i tried to say by wide was that confluence was scattered (for me) it automatically got wide. My PPZ was at 620 and the TL+61 was at 660. So there is not a wide PPZ (it is in weekly and daily charts but can zoom it down in 4h charts as we can see in my previous posts) but conf is scattered which makes it wide.
On a side note as LJ said we trade a little different. LJ would have made out a profit on this trade. But i would have got stopped out cause i use a very loose trade management.
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