cut your losses short and let your profit run
Hi Team i have been watching the EURAUD any feed back on this would be welcomed.
Have daily as curve chart which is up but in SZ zone with layer above so may need to break through for counter trend to occur.
My trend chart the 4 Hr shows no sign at this stage it still in fact has potential to come back to DZ zone and go again.
Entry Chart 60 min also shows no sign of removing and SZ at this stage. So just observing given curve has hit SZ on Curve timeframe.
ozzyman85 i loved you explanation of authentic and associated zones nice and clear for me.
Any feedback folks would be appreciated.
Regards
John
Have daily as curve chart which is up but in SZ zone with layer above so may need to break through for counter trend to occur.
My trend chart the 4 Hr shows no sign at this stage it still in fact has potential to come back to DZ zone and go again.
Entry Chart 60 min also shows no sign of removing and SZ at this stage. So just observing given curve has hit SZ on Curve timeframe.
ozzyman85 i loved you explanation of authentic and associated zones nice and clear for me.
Any feedback folks would be appreciated.
Regards
John
Hi Team i have been watching the EURAUD any feed back on this would be welcomed. Have daily as curve chart which is up but in SZ zone with layer above so may need to break through for counter trend to occur. My trend chart the 4 Hr shows no sign at this stage it still in fact has potential to come back to DZ zone and go again. Entry Chart 60 min also shows no sign of removing and SZ at this stage. So just observing given curve has hit SZ on Curve timeframe. ozzyman85 i loved you explanation of authentic and associated zones nice and clear for me....
{quote} Hi MiyagiFX, Yes, tnx I learned it, but question was about that buying zone, sometimes I got confused when we can draw momentum line, and not taking out any real zones but zones of buying/selling, same for conformation trades, now I understand that any zone can be used real or not
See the the image below - we can draw an up TL but there is no SZ or selling area being removed, just a bunch of mess
refer to the image I posted yesterday with the line chart. That is all you need. Don’t worry about removing zones or buying/selling areas, just HHs and HLs is all that matters when drawing TLs
{quote} whats up again ykn4f/Miyagifx "clear as mud you could say right lol." keep up the great work. i recommend to all to keep re-watching AKT videos on trendlines if you have any confusions on zones/ any rules. we never stop learning! a little tip from my trading that i hope helps other, if you cant see where to draw the ML trendline or see quality zones just move onto the next chart. you stare at a chart long enough the chart will tell you what you want to see... trade safe.
{quote} {quote} Hey MiyagiFX, I think you misunderstand me or maybe im bad at expresing myself on english, but my question to ozzyman85 was about how he determinated downtrend on that chart, I saw momentum down but not trend, and then i saw we took out buying zone I highlighted on that picture, and T4i confirmed me on that, I understand how to draw momentum line, there was a great example from Akt's posts, here it is {image}
Just as long as we are clear that momentum and trend are 2 different things. Most of the time they are in the same direction. We will see a change in momentum direction before a change in trend most of the time, unless price removes 2 opposing zones (which by the rules means a trend change) which will mean a change in momentum. By definition, trend can never change before momentum
keep up the good work mate