naskorb wrote:LeMercenaire wrote:naskorb wrote:
Yeah, I have progressively become more and more keen on the S+D Zones. I now use them on all of the methods in my stable.
How do you prefer to use 'the zones' on 1-2-3 and HoLo setups. Are you waiting the current daily HH or LL to enter the zone or be near it . Do you exclude setups with large SL, or prefer to take them but with smaller lot size, if they qualify .
Sorry, been on enforced layoff due to GF being on holiday and my having to do GF ''stuff'' (which I don't really appreciate doing - I'm not a very good boyfriend...more the type that mothers warn their daughters about, lol).
Anyway, I first check the zones on the higher tf - though not that high, I suppose, the H1. All of my methods look at PA on the H1 to trigger entries.
I may then check up on the H4, Daily to see how the Wick-Zones overlay on this.
Once price on the H1 is approaching the zone in question, I'll drop down to see how the micro-zones are setting up (if at all).
How I go from here will depend on which method I'm running. If it's 1-2-3 (and I'm talking TooSlow's 1-2-3, not the 1-2-3 pattern method featured on here), then I will wait for those entry criteria to be fulfilled, no matter what any S+D Zones are doing. The zones are add-on info.
If it is HOLO, then I will wait till price enters the HOLO area as required by the method but will not necessarily wait for a candle to open in the area as TooSlow's variant asks for. Instead, I will use a ''dipped'' entry and go in so long as price has entered the Area-of-Interest and come back out over the entry level.
You have to bear in mind that my overview of all of this is coloured by Wick-Zone. I layer multiple methods with the same base DNA to create one smooth method. One leads into the other into the other.
I don't adjust lot size, I will look for set-ups that give me as many of my boxes ticked as possible and this gives me a lot of weight behind entry confidence.
Huge stops don't come into it, as none of these methods will give set-ups with huge stops.
I don't let trades run against me - I will counter-trade to lock in any negative figure and wait for the next trigger to clear that negative. Even if I didn't counter, I'd rather close and re-enter, than sit on my hands on the off-chance that a move will eventually turn back in my direction.