Look at UCAD....
H1 engulfs with H4/Daily trend all the way to the bank.
H1 engulfs with H4/Daily trend all the way to the bank.
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Disliked{quote} Here's an example on NZDUSD yesterday. I saw this and didn't take it... Notice zone on the left gets taken out then we get the PA highlighed in yellow to get us back in direction of the trend? Stop goes behind the PA and then we have a fresh zone in play..... {image}Ignored
Disliked{quote} Nicely done. Now worth watching the PA on GU at this H4. M30 zone.Ignored
Disliked{quote} Yeah I took it and took the loss. It's a real annoying one this since I had H4 alongside M30 and it was screaming not to sell but I went and did it anyway. This is why I want to move away from zone trading and start using them more as reference points with overall PA.Ignored
Disliked{quote} I'm sorry to hear that you took a loss. Would be interessting to see if you can rise your hit rate and equity curve when you adapt your trading style. On the other hand isn't that the life of a S&D trader? I mean you see a zone that fits you and than you take the trade without second thinking. You lose some and you win some and in the end your hit rate and R:R ratio should leave you some green pips.Ignored
Disliked{quote} Yeah, that's the thing with these levels, they are really enticing as we know they can often work (both with trend and countertrend). I can imagine Ken shouting in military style on Skype "What is so important about this zone?!! Did you not analyse your H4 or Daily chart?!". It's all good. I can handle losers like these since I get plenty of them.Ignored
DislikedHere's a chart of interest. I can see at least 3 or 4 clean opportunities to load up some pips without even needing to look at any other time frame. {image}Ignored
Disliked{quote} Would you really take the first opportunity? because you would ignore that north engulf? are you assuming that a zone would break as long we don't have PA confirmation on a zone? {image}Ignored
Disliked{quote} I see these as the entries if scalping this chart. Stop would go behind each engulf. Would take 2:1 off each (without knowing what the higher time frame looked like). The idea is that you can get into the action before the zone has formed but you know it will appear. {image}Ignored