Hey want to hear from Port reviews.in photo and welcome to part 2 of the zone trader series I'll be going out.
What is the zone trading methods and what constitutes a valid support zone setup and what constitutes a valid resistance zone setup in part 1 I went over how to identify important zones on the daily chart,
which is an important part of this trading process,
and in part 3 I'll be taking model trains with this so you can see the process long-term,
so it's important to me to convey.
What is zone trading methods,
and what constitutes a valid set up so that begin with zone trading method is a profitable training with portraying important daily areas on the 1 hour time frame the method combines identifying.
Training areas on the daily chart so when I market test and important daily area,
and then looking within those areas on the one hour for a valid retest pattern set up in the case of the support zone looking for a valid.
Retest of lower area and bullshitt price action or in the case of resistance.
Zone area looking for valid.
Retest of high area and berries kennels pricing,
and he's a brief breakdown of the process.
If support don't area initial test of support zone prize move hire from that area forming low retest of low area and aligning bullish candlestick price action zone area initial test of resistance zone price move slower from that area for mihai,
retest of high area and aligning barish candlestick price action ok,
so, let's now have a look at a big breakdown of a
Support zone setup the number one price test daily support zone area number 2 price moves hire from that zone area on the one hour chat forming low number 3 price pulls back and retest low area and aligning bullish council price action closes in that area now if you wondering what sort of aligning bullies council price action any type of Kelsey with a bullish body with the exception of a bullish pin bar with a barre body or bullish dodging and his examples of bush Celtic price action?
OK let's now go for a valid resistance.
Zone setup number 1 price test daily resistance.
Zone area number 2 price moves Lower from the area on the one-hour chart for mihai number 3
Price pulls back and read test high area and aligning berries council price action closes in that area,
and if you wondering what type of berries councik price action any type of celtic with a very sporty with the exception of a berry spinbot'
with a bullish body or bearish dodgy,
and he some examples of barish.
Ke music price action.
OK let's go to risk management and targeting with this trading methods in the training series are risking 50 pips per tried and you'll see that in video part 3,
I'm also adjusting the unit risk amount of each tried to 2%
of accounts.
Or is asthma management.
I'm locking in 5 pips of a trade with this topless wants to trade moves more than 40 pips profit or more example wants to trade me to 40 Pitts profit.
41 Pitts profit or 42 pips profit,
I'm locking in 5 pips a profit on that position,
and the things we were doing is pulling the stop lights up on a bitrates and pulling a stop loss down on a cell tradesetup and locking in 5 pips of profit as for tagging with his training methods.
I'm targeting the opposing daily zone.
This is an important part of this trading process as the posing daily.
Zone is a high reward Target and I'm also making sure that the opposing daily zone is a Ford one or more reward to risk profile.
This is important as it means that the winning trades the hit the target cover multiple tries along the way when following the training process ends a key aspect of why this training method is very profitable.
Ok, so I've gone over what is
Support zone setup and what is a valid resistance zone setup with this training methods,
and I've also got over the risk management and tugging.
Let's now go have a look at some screenshot examples of a valid support zone setup and a valid resistance zone setup,
and then we'll go to video part 30.
Take multiple tries.
Ok, so he's a valid resistance and Senna price comes into this area.
This is a daily was this insane around and I'm all the one out of chart price to clients the downside then pulls back projection forms in line with his high area and in the case of this Parish price action.
This is a very spinbot'
Here's an example of a valid supports.
Set up voice comes into a support.
So this is a daily support so on the 1 hour time frame to test this area the bulls push price the upside forming a low price pulls back.
Syria and bush price action forms and closes in this area is another example of a support zone setup price comes into a daily support.
Zone area on at the bulls.
Give a short-term move to the upside price pulls back to this area and aligning bush price action forms and closes in this area these are all valid sit-ups this price action on a retest of this low around his another example of resistance own centre price comes into this area move.
The downside is sideways for a few then pulls back and berries protection forms in this area example of resistance science centre price comes into the resistance own around for the hi.
This is a daily area on the one out chart price me to the downside then price pulls back and bearish price action closes in this area.
His number example of a valid resistance zone setup price comes into resistance own area to clients the downside pulls back into this area for me.
It's slightly lower high-priced moves the downside then pulls back and retest is high area,
and then appears courtesy closes in this area is an example of a valid resistance.
Zone setup price comes into resistance declines into resistance to climbs into resistance declines,
and then price pulls back and bearers price action closes in line with this previous lower high in this high around his example of support zone setup price comes in to support the op,
sword pulls back and the lining bullish price action closes in this area these are all valid.
Bush setups with this methodology,
and he's an example of a valid support zone centre price comes into an important support.
Zone area daily area daily supports,
and I'm on the 1 hour time frame price move the upside then pulls back and aligning bush price action forms in this area.
He's not example of a valid resistance.
Zone setup in the case of this one price comes into this area this daily resistance own area price to plant the downside little bit sideways,
then pulls back and this Parish candlestick closes in line with his previous.
Hi area looking left.
Ok? Well,
that's it for me.
This part of the train series in the next part of the training series will just passed through.
I will be taking model trains with this trading method.
Will see you in the next few apart.
half an hour