adaseb wrote:So basically if the ZL is found correctly it SHOULD NOT close against you on the 5M correct?
I looked at your charts and I basically entered too early by about 3-4 pips.
I basically did this.
the idea is
that if you enter into a trade that is correct---- it will go your way immediately. so if a 5 min closes against you, look to get out at the best price you can, and decide based on PA to get back in.
a zl is just showing where other traders are sitting with a profit. Once they are taken out the market will either reverse or continue. Basing your decisions off of held profit and Zl's it gives you an opportunity to trade at a point in time where decisions are being made.