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
Honestly , I viewed these
DZ and SZ
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!