PA, S/R, ZL, EXTREMES & MOMO

[StillFX]

Can i ask u something again ?

Is that right ? Cause i have a bad feeling that i maybe understand the Zlines false and i cant find a good subscribe of it

here is a chart and how i think :

[ajaymein]

Can i ask u something again ?

Is that right ? Cause i have a bad feeling that i maybe understand the Zlines false and i cant find a good subscribe of it

here is a chart and how i think :

That is 100% right.

[ajaymein]

Out GU +6...stupid trade

[karol]

Can i ask u something again ?

Is that right ? Cause i have a bad feeling that i maybe understand the Zlines false and i cant find a good subscribe of it

here is a chart and how i think :

That's how I see this StillFX:




Your blue rectangle is a valid Mighty Zone. I think Buy Zone refers to TRO's teaching.

[ajaymein]

Long EU at 56 Stop at 47

[StillFX]

Thanks for helping

@ Karol : The Horizontal Lines are means Zlines ? looks like S&R ?

[ajaymein]

Stop moved to 50

[ajaymein]

Thanks for helping

@ Karol : The Horizontal Lines are means Zlines ? looks like S&R ?

ZLs/Zones/MightyZones are nothing more than the first 50% portion of the momentum bar. That represents the breakout area where supply/demand was initially in balance and then an imbalance occurred that caused a breakout and the momo bar.

Price normally retraces to the 50% portion essentially ZEROING out all the traders from the breakout and continues on its normal path...thus the name ZL...again, if you want to trade ZLs you need to read all of the lukx zl log thread and all posts made by dragon33, mightyone, and es/pip...then I guarantee you that you will not have any questions about the trade method.

[es/pip]

Long EU at 56 Stop at 47

that was nice right off that m5 demand area

and had a zl off the m5 right on top of it

not in it


im done

lol

[ajaymein]

Stop at BE