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- PowerTrader replied Sep 8, 2010
Zone Sept 8, 2010 — Here is the zone as it is at this hour. I am prepared to trade in either direction the market gives me.
- PowerTrader replied Sep 8, 2010
Sept 8 Trade — Here was the move from the Euro Session. This move was news assisted but we took the break at the normal spot. Notice we simply move the Fib up until we have some price action. TP's were pretty easy after the 2 news candles.
- PowerTrader replied Sep 7, 2010
61.8 Bounce — Another part of the Zone Breakout Method is 61.8 bounces. The main thing you want see here is confirmation. This move will happen numerous times the the day and the week. You can trade it on both the 1 hour and 15 minute chart. ...
- PowerTrader replied Sep 7, 2010
Other Trade — Here is another example of a sweet breakout during the European session. In this one, we took profit earlier here but noticed what happen with position 2. I am much more comfortable scaling out than adding in to a position. I ...
- PowerTrader replied Sep 7, 2010
Two Positions — Here is an example of a very healthy breakout. Now the reason for the 2 positions. First, the two most overlooked elements of trading are Fear and Greed. This method give you the opportunity to take advantage of both. When we ...
- PowerTrader replied Sep 7, 2010
Aug 20, Trade — I am going to post a few charts I already have and then we will add newer ones as we move forward. You can see on this chart we took the short position when we broke from the last swing. Always wait for confirmation and ...
- PowerTrader replied Dec 10, 2009
This morning — Not sure I did this quite right but this was my trade on the GU this morning. It shows the potential although I bailed before it hit the bottom. This was on the one minute TF. Like others in this thread, I like the 30 minute ...
- PowerTrader replied Aug 14, 2009
But..... — 61.8 pretty strong fib though.
- PowerTrader replied Aug 14, 2009
Daily — Here is my daily chart. Look at the strong level of support in yellow. Also notice the perfect 61.8 bounce on the last dominant swing. If we are moving back up that bounce is key.
- PowerTrader replied Aug 14, 2009
Current 4hr — The current 4 hour chart gives us a few options to find our next trade. First if we are going to go short, we need to break this current area which was strong resistance on the way up and now has stopped us dead on the way down. ...
- PowerTrader replied Aug 13, 2009
4 hour — I like to trade breakouts and I find them to be the easiest and most accurate trades for me. We usually break consolidation with enough momentum to kick us into profit. Fibo bounces are great too. Here is my take on the 4 hour chart. ...
- PowerTrader replied Jun 3, 2009
Trades — Today was another day we worked for our money. I took a few trades and made some pips. Closed first position up 34 pips as we backed up. I got knocked out of second position at +5 pips.
- PowerTrader replied Jun 1, 2009
Closed All — Just closed the second position for another 108 Pips. Total today for two positions is 197 Pips.
- PowerTrader replied Jun 1, 2009
Now — I have pulled a fresh fib from the the last swing ( fib in black ) and we can do this all again. I have set my second position stop loss just below the 38.2 retrace at a profit of 60 pips. So now the worst we can do for the day is a ...
- PowerTrader replied Jun 1, 2009
Today — The breakout was pretty simple today. We placed an order for two positions when we broke out of the top of the box. Remember we placed our order when the first candle opened outside the box. We closed the first position at the -61.8 ...
- PowerTrader replied May 20, 2009
Big Day in the Zone 316 Pips — Big breakout day today. We broke out of the Zone and it was off to the races. Took profit 1 at 128 pips based on small reversal and 4 hour and daily charts. Took 188 pips on 2nd position for a combined total of ...
- PowerTrader replied May 14, 2009
Zone is Set — This is the current setup for the zone breakout. I will take a long if we break high of yesterday and a short if we put a candle under zone, or 23.6.
- PowerTrader replied May 14, 2009
Current 15 — This is our current chart on the 15 minute time frame. We are watching price consolidate so we trade the break later. I will post a chart with the zone later.
- PowerTrader replied May 13, 2009
Crucial Point — We are at a crucial trend line on the 4 hour chart. The lower trend which has held for nearly a month is being challenge at this moment. If we break here, look for a run down to the 38.2 level of the last up swing. If this ...
- PowerTrader replied May 13, 2009
Current — This is the Zone. A break outside the box on either side and I will take the position. Remember to filter this with Price Action and look at other time frames.