The zones are the confluence of Fibo levels of previous Week, Month, Quarter, Year ranges (highs and lows). Below is an example of EURUSD Daily. Price have bounced off from M R78 (Month R) and Q R61 (Quarter R). So I would be looking for entry to go short on lower timeframes (M15, M30, H1, H4) in the zone of M R78 and Q R61. {image}
Ignored
are the breakout boxes better meaning the high and low of the first five hours of each day?
I did not like the video, he makes it so simple with the benefit of highsight or whichever way you want a call it.
watch minute 7:35 to minute 8. It breaks structure to the upside but then you get a bigger correction that breaks a low but because the market keeps going up is part of market structure.
Let me see when you are trading real time what you consider break of structure or not
{quote} I did not like the video, he makes it so simple with the benefit of highsight or whichever way you want a call it. watch minute 7:35 to minute 8. It breaks structure to the upside but then you get a bigger correction that breaks a low but because the market keeps going up is part of market structure. Let me see when you are trading real time what you consider break of structure or not kind regards
Ignored
I think it is one of the best simplest forms of trading when you know what you are doing! His other videos go into a bit more detail.
