LeM, yes I see the daily WZ. Price made a powerful bullish move and broke the line in fact.However I’m trying to go step by step to not create confusion in my head
At the moment I’m focusing on daily/weekly zlines to trade away from a H1 doji zone.
BlindMan, thank you for sharing your view and for your help!
I’m learning very much about it.. I’m working on it and I really hope to make it work because I like it
I get that, Mira and agree that it's a sensible way to do things. However, what I would say is that you don't need to actually enter
trades via DWZ as such, instead you can simply use the knowledge that price will look to leave that WZ.
Because of that, you can see that if you have a selection of your set ups come along, one is inside the DWZ, one is outside the extreme and one is inside the body of the Daily Candle, you already have the beginnings of a bias factor.
By that, I mean that the one inside the WZ - you can be pretty confident that price will be on the move sooner or later, to get out of that zone.
The one outside the high or low of the Daily Candle, well you could say that the move has already happened. I'd then be more likely to think I'd be getting a pull back soon and wait for that (if it comes).
As for the third, the one already out of the DWZ and inside the candle body, well now you are going to bring the 50% line into play (or a Z-Line if it's appropriate).