Hey pennies........I watched alfonso's vid that you commented and wondered if he wasn't on to a superior way of laying zone lines and rectangles down but then I watched his month or so old G/U video and found that his method of trading and identifying zones would have let him down as the G/U chart evolved over the next few weeks to where G/U is now. He would have made one good decision based on one faulty zone that he didn't trust to go long from but he totally missed the boat on the bottom zone he had drawn which he declared undependable to trade from but missed out on 1,300 plus pips as the price did indeed bounce up strongly from his daily zone line and even blew through his supply zones too. I need much better than that to trade from, especially when there are so many pips on these daily zones. If you watch his G/U vid and follow along and then compare what the price has done since he posted that vid, you'll see my lack of faith in his method of trading zones. So far, the zones are proving no more dependable than any other technical method of trading. I wish I could say different. Is there no value to identying zones and considering them? No, there's great potential value, but you sure can't trade heavy and you better have a good stop in mind or already set to trigger in event your zone lets you down.
