Price Action @ Confluence Zones

Hey Guys,

I wanted to get the feedback of fellow traders new and experienced on the way they take reversals and continuation in confluence zones in trending markets between 5m-4 hour charts. In the spot fx market.

I understand that continuations make up 65-70% of developed market patterns and reversals make up 30-35%.

To my understanding for price action to make a continuation it usually stabs through the Support/Resistance zone or a momentum candle then pullbacks, which may been seen in lower timeframes for it to hold to make a continuation. Reversals usually make a pin bar reversal signal at a major structure level or between 38.2 - 78.6% fib level at times a double pin bar. I also seen at times price hugging the S&R lines especially in the Asian session coming into Europe for price to pullback and breakout only for it to fake out and then breakdown or a true breakout after a false breakout. Also, price tends to have a control point at 00 numbers with it either poking through and reversing or blasting through and continuing.

What's your experience been like? Please stick to the topic.

One of the best traders on the forum, KennyZ, made this pdf based on this thread and now resides in this thread. That PDF is such a glorious place to start, don't forget you'll have to make it your own.

cheers mate,

The pdf file doesnt download comes up as

Sorry, you have requested an invalid page.

If the page has been moved, you may be able to find it by doing a search at the top of this page. If you believe you have reached this message in error, please submit a contact form.

http://www.forexfactory.com/attachme...5&d=1308305438

Try that

It's on the first post of his thread (Romancing the Price)

On this topic, consider getting away from FF during this stage

Thanks got the document its useful.