v8power wrote:MightyOne wrote:I love the moon just as much as any man, but I know that I am likely never going there
Im sure you would have made it to the moon had you been trading forex. When you do make it to the moon does it offer a trade idea (outside of the norm). Im still short even tho there was a massive bull weekly mbar.
Price is unlikely to escape the CZ unless the indicator selects a range that more on the small side than in the middle.
Here the indicator is going to select 318 as the range but when you glance at the last 6 you see that 246-248 is small & 318-327 are more towards the small side than the large of 768 so the best range to use is probably 429.
The idea is that if you find yourself at the outer CZ then you should seriously consider taking profit, it is that simple.
PS: I trade FX as a hobby, with real money, from $10000 to plus zero.