Valid Mozone?
Posted: Tue Dec 30, 2014 10:50 pm
Hey there guys hope everyone is having a great christmas and a very fantastic new year (in trading). Congrats to all the new traders and old ones that are successful and spreading knowledge
as for me I am still not there...
My question is... After looking through the posts in the lukz thread and nla threads the mozone seems like a very important area to trade away from...
But is all mozones valid when price reaches these areas. Or is it only the most recent formed mozones after the bar closes the only mozone you would find entry in?
1. Say if my largest tf was 4hr when doing my analysis. Am i looking for an entry only at the most recent 4hr mozone that occurs on that tf to be my direction i am going to trade in? IN THE PICTURE ITS THE BLUE ARROW
Or 2. Can a mozone in the 4hr tf that has happened 4 weeks ago be a valid mozone still... ie... when price shoots through recent mozone closes over it. But then price is in the past mozone is that mozone valid to take if zlines are being wicked? IN THE PICTURE THEY ARE THE BLACK ARROWS
Hope this translates well...! hard to explain
Anything to help straighten this out for me would be great...
Thanks Again guys and gals
-loz
as for me I am still not there...
My question is... After looking through the posts in the lukz thread and nla threads the mozone seems like a very important area to trade away from...
But is all mozones valid when price reaches these areas. Or is it only the most recent formed mozones after the bar closes the only mozone you would find entry in?
1. Say if my largest tf was 4hr when doing my analysis. Am i looking for an entry only at the most recent 4hr mozone that occurs on that tf to be my direction i am going to trade in? IN THE PICTURE ITS THE BLUE ARROW
Or 2. Can a mozone in the 4hr tf that has happened 4 weeks ago be a valid mozone still... ie... when price shoots through recent mozone closes over it. But then price is in the past mozone is that mozone valid to take if zlines are being wicked? IN THE PICTURE THEY ARE THE BLACK ARROWS
Hope this translates well...! hard to explain
Anything to help straighten this out for me would be great...
Thanks Again guys and gals
-loz