Trading the middle TZ's

Quoting fxrabbi

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3 trades on gbpusd. 2 winners 1 loser( not by MTZ) So, Daily Target reached. 2*20pips = 40pips - 10pips. 30pips Today. Looking for any potential TZ for bonus trades. {image}

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Quoting Albertdkpllh

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{quote} . Am sure to join the party tomorrow. Concentrating on my tweaking. R:R is coming to 2:1 for the 15 min TF. Risking 30 for 15 pips.

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Quoting Albertdkpllh

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For better results, we should take the trades in the direction of the trend. I use the kijun sen for my trend direction. {image}

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Quoting juriFX

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{quote} Sciurus made an indicator that shows also failed TZs {file} {image}

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Quoting juriFX

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{quote} It's a matter of time when you get those days where all setups fail, 3-4 losses in a row. Now imagine how you feel after those 3-4 losses with 5:1 RR. Now pulling the trigger is damn hard when you see that you need 20 winning trades to make that up... This strategy could work, by tweaking the risk reward ratio. Eventually you will end up with 65%-70% win rate on 1:1 RR at best. That's what my experiments with the TZ concept showed me... But maybe you can do better, I could be wrong.

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Quoting Albertdkpllh

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EJ +45 pips and trailing. {image}

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Quoting Albertdkpllh

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All targets hit. +45 pips total. Current trade bonus and i intend trail stopping it. {image}

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Quoting fxrabbi

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{quote} Weldone I'm just coming to the party, I don't do FF. I only trade London open to 1st 3hours ofNY open. I can see that I have missed a lots of good opportunities prior to LO.

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Quoting pedma

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{quote} {quote} I am agree my friend. I think this is dangerous enough. I traded like this before, but i got my entry at the second/third candle (after it has retraced, and made the Mid Zone smaller). My SL is some pips outside the other side of the zone. Lets say the big bear candle is forming, the mid TZ is forming (big enough), then i wait for the next/second next candle, hope it will retrace. If it retrace, and the mid zone will become smaller, then i do a sell .... my SL is some pips above the upper side of forming mid TZ. But as you said,...

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Quoting jeetvirk

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EJ +10 Done for the day. Today is money making day. {image}

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Quoting fxrabbi

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{quote} " Lets say the big bear candle is forming, the mid TZ is forming (big enough), then i wait for the next/second next candle, hope it will retrace. If it retrace, and the mid zone will become smaller, then i do a sell .... my SL is some pips above the upper side of forming mid TZ. But as you said, without SL (even with good MM) , this is still dangerous. May be i need another filter ...." Thank you for this great information, added to what you observed, take this: I did some discovery on how to know which one will retrace back or which one...

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