nelreth wrote:Hi
I have question about MZ - how do You determine when MZ is broken ?
Candle close above/below MZ ?
Example
On this picture price is currently in MZ (for short) but the last candle create new MZ (for long)
How do You handle in this case ?
Regards
for me anyway
once the PA goes above/below a MZ and we have new PA then the zone is no longer valid
On this picture price is currently in MZ (for short) but the last candle create new MZ (for long)
u just have to read the PA and make a decision on what makes the most sense----- and look at where the next level of held profit is that you are shooting for. When you were looking short off the above MZ you have a new held profit just created right below you---- so not much room to go down---same on the long that could have been traded--- no real room to go up
could it have been traded----yes------did i trade it-----yes--- was it worth it---- not really
but i was aware that there was no room and just got out at the first sign it was stalling-----
but this trade is a lot more inviting bec it has more room