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
Look at my 2 posts
DZ and SZ
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!