ok, I'm n ot sure which threads are still active, and which threads are going to be dead, so I'll try to just get a few basic things straight in this thread about the ZL.
It seems to me that the basic theory of ZL goes like this:
1. A range breakout occurs
2. People caught the breakout and are holding profit
3. price will make its way back to a BE point, zapping all their profit away from them.
Then, trading the ZL strategy, you would basically be fading range breakouts to get back to the breakout point?
I hope I have got this basic concept right, please let me know if I totally airballed it.
Below is an example of what I believe a ZL trade to be:
Thanks to anyone who responds, I am trying to get through everything on my own, but there is just so much material to go through.
I'm starting to enjoy studying this kind of theory stuff more than actually trading, lol weird.