LeMercenaire wrote:IgazI wrote:I was searching for a full description of the Dead-zone but I haven't been able to locate it as yet.
That's 'coz there isn't one.
It kind of morphed naturally over time on Billy's thread ''Over There'' and although there are points along the way that I kind of pulled together breakdowns of the method, there was never any one place it was stored.
After a suggestion from TooSLow that I look at how EJ behaved, I picked up the ball and ran with it.
Basically we trade the ''dead air'' of the hour before the US Open.
Range of that hour.
Target +5 (% in my case, just as easily pips, points or whatever).
There was (is) a set pair-listing, which I came up with after looking for pairs with the same kind of movement profile. This had a few added along the way but pretty much settled down into a solid list of options. They are always listed in the order of preference on the thread (I would post up every day's charts, just for the record).
That is the heart of it. However as I said, I morphed it into something that contained more subtlety.
I added Wick Zone trading.
I added counter-trading.
Then directional bias, in the form of S+D.
Lately I have incorporated ADR.
UC is the star performer. It just keeps on churning them out, day after day. It is also the best for running the thing as a clean break of extremes, not using WZ back into the body and countering.
Interestingly - and perhaps understandably - once I added the bias info into the mix, the order-of-preference took a hit and tbh became less important, as I gave more weight to those set ups that had that aspect as backing to the move.
Oh and I always preferred using the WZ move back into the body rather than the clean break. It's in the blood now!
I will use fibs dropped over the range I am using to give me micro-scalps as the trade is running, especially if I am in a counter-trade situation and looking to unwind a ''bad'' trade.
Hope that helps. As always, feel free to ask any questions.
Lem, How do you use ADR? Do you only use it on the deadzone for others setups as well? What edge does it give? Curious. Thank You much.