JTrader
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More of my observations
Yes but as noted previously, the long or short entry lines, often act as SnR. So you get your entry trigger, and price advances not much further before reversing to the opposite entry trigger. So yes, price eventually leaves the buyzone in this scenario, but not before it has whipped you back & forth....
Regardless of whether you trade with an ECN or a fixed spread broker offering 1 pip spreads between certain hours like worldspreads, in order to gage the level of success using the BZ, all you need to do is look at a historical 1 minute chart. By doing this you can see how many entries hit the PT before hitting the SL, how many entries advanced some pips but not all the way to the PT b4 hitting the SL etc. These kind of statistics don't lie, as the chart shows where price actually was.....
All major moves start in the Buy Zone and must exit it... all you have to do is enter the trade.
Yes but as noted previously, the long or short entry lines, often act as SnR. So you get your entry trigger, and price advances not much further before reversing to the opposite entry trigger. So yes, price eventually leaves the buyzone in this scenario, but not before it has whipped you back & forth....
Regardless of whether you trade with an ECN or a fixed spread broker offering 1 pip spreads between certain hours like worldspreads, in order to gage the level of success using the BZ, all you need to do is look at a historical 1 minute chart. By doing this you can see how many entries hit the PT before hitting the SL, how many entries advanced some pips but not all the way to the PT b4 hitting the SL etc. These kind of statistics don't lie, as the chart shows where price actually was.....
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