Posted by eddiegold on 25th of Jul 2024 at 04:42 pm
Honestly , I viewed these and some more detailed daily
newsletter explaining the difference between support and DZ. I
still do not get it.
None of the DZ upper/lower in the example match low/high of any
of the previous candles, so how were these lines decided? I
am sure it something simple but I do not see it. Oh well, another
blackbox.
Posted by DigiNomad on 25th of Jul 2024 at 04:46 pm
Look at my 2 posts today on different times frames with purple
boxes drawn. It's not an exact science...just get away from
an a horizontal line....because...it's not an exact science.
A rectangular box will serve you well.
Another way to look at it is that the "zone" is simply
traders admitting that TA is not an exact science. They got sick of
explaining failures so they created zones
Posted by eddiegold on 27th of Jul 2024 at 07:34 am
But it does not make sense here. Is the BOS 309.52 or 253.43? If
the former why is not the 191.15 the revert candle? If the latter
why is not the 193.91 the revert candle (and DZ)?
thanks for reading this far!
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DZ and SZ
Posted by keyhole7 on 25th of Jul 2024 at 08:45 am
Attached are the posts related to Demand/Supply zones
https://breakpointtrades.com/blog/post/426504/
https://breakpointtrades.com/blog/post/426511/
See April 10, 2024 newsletter also.
Honestly , I viewed these
Posted by eddiegold on 25th of Jul 2024 at 04:42 pm
Honestly , I viewed these and some more detailed daily newsletter explaining the difference between support and DZ. I still do not get it.
None of the DZ upper/lower in the example match low/high of any of the previous candles, so how were these lines decided? I am sure it something simple but I do not see it. Oh well, another blackbox.
Look at my 2 posts
Posted by DigiNomad on 25th of Jul 2024 at 04:46 pm
Look at my 2 posts today on different times frames with purple boxes drawn. It's not an exact science...just get away from an a horizontal line....because...it's not an exact science. A rectangular box will serve you well.
Another way to look at it is that the "zone" is simply traders admitting that TA is not an exact science. They got sick of explaining failures so they created zones
Good advice. The zones make
Posted by eddiegold on 27th of Jul 2024 at 06:12 am
Good advice. The zones make sense once drawn. I guess approximation is better than worrying about the exact procedure. Thanks!
Thanks!
Posted by eddiegold on 25th of Jul 2024 at 11:17 am
Thanks!
Thanks Keyhole
Posted by steve on 25th of Jul 2024 at 09:14 am
Thanks Keyhole
how do you define break
Posted by steveo on 26th of Jul 2024 at 10:05 am
how do you define break of structure?
Taking out a prior high
Posted by steve on 26th of Jul 2024 at 10:07 am
Taking out a prior high or low - use the search for numerous examples posted here.
It sounds to me, and
Posted by eddiegold on 27th of Jul 2024 at 06:58 am
It sounds to me, and I am likely wrong, like any LL/LH candle in an uptrend would create a DZ (albeit weak ones).
It might make sense if you build weekly DZ that way and use them on a daily chart to reduce clatter. But likely I am missing something again.
vaguely similar to how this
Posted by eddiegold on 27th of Jul 2024 at 07:13 am
vaguely similar to how this July 21st DZ was drawn.
But it does not make
Posted by eddiegold on 27th of Jul 2024 at 07:34 am
But it does not make sense here. Is the BOS 309.52 or 253.43? If the former why is not the 191.15 the revert candle? If the latter why is not the 193.91 the revert candle (and DZ)?
thanks for reading this far!