Question on the mechanics of trading The Buy Zone

[daytrade5]

TRO........let me say again, accolades fall short of expressing my thanks for all that you do. I have a question concerning trading the Buy Zone. This comes from probably over complicating things especially when considering the hourly range information.

1. How should I intreprete the hourly range information?

2. I just entered a trade Short that reversed on me and traded above the open so I exited the trade. The market went on to trigger a Long trade which I took figuring if down wasn't the right direction then up must be. The market fell short of the profit target. I suppose I could have got something had I been quicker. Damn if it didn't immediately reverse back Short. Of course I didn't take the Short again for fear of getting whipsawed. Naturally as it always seems to happen with the market, it accelerated to the downside leaving me with 2 back to back losses wondering what the hell just happened. I attached a screenshot for your review.

3. When do you take a reversal or do you? Any insights would be greatly appreciated.

Regards, Ken Pollard

[TheRumpledOne]

You have the old range indicator. Use version P2.

[TheRumpledOne]

You can see price moved down over 100 pips and you wonder why it reversed when you went short?!

Look to the left and you can see price is in a support or congestion area.