Hey Qui. I'm actually seeing the zone setups as more dependable than anything else we've tried in the past. Granted, it's not 100%....nothing is. That's why stops are still necessary. If you look at his method in more detail on his thread, he keeps his stops pretty tight...only a few pips beyond the zone. And he's a swing trader so he bases his trades by setting initial areas on the weekly and working down from there to the 4 hour chart.
In contrast, what we're doing here on the board is lower time frame stuff. We can still look at longer time frames like the 4 hour and daily but we're more interested in what happens all the way down to the 15 minute chart.
But the concept remains the same. Enter the trade at the zone with a stop loss on the other side of the zone. As he said in the video, it either works or it doesn't. But from what I've seen, it works the majority of the time.
I got kicked out of my last bad trade this morning on the NU spike. What I'm going to do now is move forward with my new chart setup (barebones) and stick strictly to the zone trading rules and see how it goes. Might not work but it has a lot going for it.
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