区域突破 (The Zone Break Out)

The Zone Break Out

This is a method I developed to bring together the basic elements of trading and the knowledge I believe it takes to become a professional or full time trader. I think it is fair to say that I was influenced by many of the best traders and many of the things I usesd have been used by others. The Zone Breakout method combines Support and Resistance, Fibonacci, Price Action, Trend Lines and sound Money Management. If you leave out any one of these items you will not be successful.

Zone Breakout is a way to identify consolidation and Support and Resistance. You use a box to set up your zone. This is unlike any other box because it is not based on some arbitrary time but on Price Action and Fibonacci. We attempt to draw the box around price as it is consolidating. We do not draw when price is making big moves. It is my contention that after a period of consolidation you will get a break and normally that move is enough to give you profit. Following all the rules will provide some filters and help eliminate false breakouts. At very best you are going to lose 20% of the time. With this method, you wins should be far greater than you losses so anything about 50% is winning, but 80% is as good as it gets.

I will attempt to teach you the entire method as we proceed in this thread. Please understand you must practice, and have patience to master the method.

Currency: I am currently only supporting the GBP/USD and EUR/USD, although this method will work well on other pairs.

Timeframe: M15 (although we use other time frames to help)

Entry : Wait for candle to open outside the zone. Do not enter on penetration.

Take profit:
1- Use Fibo levels, support and resistance, etc
2- Look for reveral candles and formation.

Stop loss:
1- Use Fibo levels, support and resistance, etc

I will be posting charts.