Disliked{quote} Thanks for the help. While backtesting I found these kind of setups really good, when you mark the H1 HV zones, and try to take setups from them. Until now I tried to pick setups from their edges, like NS/ND setups in trend direction when the HV zone gets retested, or UTs/springs into them from outside, then rejection. But I noticed from reading this thread, that there are possibilities in them around their 50 fib, I heard this from other sources too. So the question is, do you watch the 50 fib inside them as a support/resistance? Like if...Ignored
Gavin does talk about trigger numbers such as marking the high (or low) of an UHV bar and waiting for the break and re-test to go long or short.
That said for me and how I trade I too prefer to take longs off the H and shorts of the L of a zone. However as mentioned in a very recent post if the high (or low) is taken out and we return back and find support (or res) at the mid 50% level I will take a long (or short) from there. I rarely long from the low or short from the high unless there is a major reason to do so such as confluence or a new UHV forming that day at that level.
I mean look at your chart (or my chart) of the GBPJPY, look at how the 50% level acted as R&S and price moved through ACC before pushing up.
My preference is 1hr zones with entries off the 5, 15 charts with occasional entries off 30 min and 1 hr. The best entries for me are always using the zone from yesterday to trade today. Now don't get me wrong in really strong trends we don't always get that retrace but it does happen quite often.
I also use the highest UHV zones above and below current PA in conjunction with ADR to set targets for trades and to know where reversals are most likely to occur. These also give areas where we most likely will see new zones form as we see either rejection from the existing zone or a push through the existing zone.
I also trade from level to level inside the zones on really WRB's but that's a much more complex topic. Stick with playing the edges and 50% levels and you'll find lots of great, low risk trades. 50% to H (and PA into the H from above) = buy zone, 50% to L (and PA into the L from below) = sell zone
Today's zone = Tomorrow's opportunity!