The deadzone

[youyouyou]

Am I doing anything differently from last week? Yes. I'm entering trades manually instead of with a stop. I think this is a better approach, but it's not the easiest thing in the world. You need to be quick, and I'm learning how to be quick. I don't think there's a trick to being quick, but it seems like it's something one can develop. This is one of the reasons I wanted to learn the DZ piece by piece.
Even though I'm thick things are starting to click.

[LeMercenaire]

"there is no real reason why you can't take them if you are purely trading the break of the extremes."--That was my rationale as well.

I have a day job where I'm snugly ensconced in a cubicle. I arrive at my office around 6:45, and no one else is there til 8. For this period of time I can pretty much stay glued to my screen. It's not bad for grabbing some (fake) pips out of the DZ. After 8 so, I can pull up a chart whenever, but I can't sit there and watch it. This is one of the reasons I'm currently limiting myself to the first breakouts. I normally get one in this period of time(7-8), and I can give it my full attention. This boring bio info is just a preface for an observation. If you play the zone throughout the day, there's the potential to catch some big moves. Right now I'm pretty content grabbing 5-10 pip pops, but there is more to be had. Over the weekend I was looking at the week's price movements in relation to my DZ boxes, and dang, a lot of big reversals come out of these zones. Check it out on 1hr, 4hr, and daily views. (The 4 hr view makes me want to look into playing the 4 am-8 am bar WZ style once I get the DZ fully built.)
dzweekview1hr.PNG
weekdz4hr.PNG
dzweekday.PNG

edit: slightly better detail of 1 hr
better1hr.PNG

This is such an interesting read, as you make the same discoveries I did on your own! Good stuff!

[LeMercenaire]

Am I doing [i]anything differently from last week? Yes. I'm entering trades manually instead of with a stop. I think this is a better approach, but it's not the easiest thing in the world. You need to be quick, and I'm learning how to be quick. I don't think there's a trick to being quick, but it seems like it's something one can develop. This is one of the reasons I wanted to learn the DZ piece by piece.
Even though I'm thick things are starting to click.[/i]

It's also another reason to make sure you understand and trust the method completely, as the more you can act on instinct, the quicker you will become.

Less think, more do.

[LeMercenaire]

UC Dead Zone on the day of the Oil Inventories...

[youyouyou]

That was quick.

dz3065min.PNG (90 KiB) Viewed 4197 times

[youyouyou]

Was able to hop on this move. More my speed than yesterday.

dz37.PNG (64.53 KiB) Viewed 4178 times

[youyouyou]

Bingo bango

308dz.PNG (107.14 KiB) Viewed 4142 times

[LeMercenaire]

Bingo bango

308dz.PNG

Bazinga!

[youyouyou]

dz31115min.PNG (79.31 KiB) Viewed 4064 times

First move out of the zone this morning.

[youyouyou]

WZ trade

dzwz311.PNG (36.72 KiB) Viewed 4061 times