The Forex Scalpers The Magic of Zones
It is an Amazing way of trading and its not a new way of trading, its a pure way of trading I call it art and I love it. Zones represent historical price area’s where the ‘big boys’ banks and institutions place big buy or sell orders in the market. So now that we know that zones represent this and are very important you want to know how to draw this zones more about this down below ;-) We need to understand that we work with a 5,3 trillion market per day and banks and institutions runs this market daily so we as retail traders want to be with them right? ride the whale. Lesson 1 one buy in a buyers market sell in a sellers market and don’t fucking counter trend!!! How do I know we are in a buyers market? Look at the daily h4 and h1 and you will see where price moves with multiple candles example on the daily serveral bullish candles from a support level act as upwards momentum so uptrend! Make sure you FIND multiple candles on the daily ONE CANDLE IS NOT ENOUGH to tell a direct. Example down below.
You see we are on USDJPY daily timeframe ( its only pair I trade) the lines on the daily represent support and resistance levels we can see we have several bullish candles with a little pullback (bearish candles) but overal we are still in bullish momentum because we have more bullish candles and pushing up from that redline below that support we reject it look left and you will recognize that this happend a lot of times! So now we know that we are in bullish market structure and we know the range I want to look to the h4 or h1 to draw my price zones where we talk earlier about. The banks and instutions level thing remember?? Great let’s go forward. And take a look to the h4 how I draw all my zones on the wicks.
This is where price action gonna take place you see all that pink zones historical price area’s where price perfectly bounce between all zones are draw on the h1 and h4 we call them major zones.. why? Because this are the strongest onces and we need power to break or reject.. you should find them also on the 15m or 5m we call this minor zones price not always respected this levels on low time frame because they are much weaker because its a low time frame so low targets. As scalper I aim for 1 to 3 setups per day from zone to zone I only entry on the 15 mins keep eye on the 5mins to see how market structure forms but wont use it for entry the 5m why? Because 5mins have a lot of fake out from price not clean breaks always... 15min make sense and have clean breaks most of the time if we are in up trend you will find out that price breaks a zone come back for a retest ( bank take best price ) last kiss/ retest you read about this in the book I recommend: naked forex, and after the retest I enter why? Because I know momentum is up! Trend is up! I don’t want a countertrend trade if you look above this picture i wont aim for sell entry’s NOO I want buys because we are in a up trend and I want to put myself in the best position possible.
Kev is very displine focus on one pair only USDJPY i recom it to all of you and keep it damn simple! I have 1/3 setup daily i am looking for entry’s during the openings i dont trade news forexfactory.com no redmap and orange map news that is my rule why? Because news fucks up price action! for example opening times frankfurt open 08:00 or london 09:00 or newyork open at 14:00 (stockmarket) and 15:30 CEST (europe/brussel time zone) i want to be in the market around this hours why?? because we have voyality we have pushes BUT only if we bounce of a support / resistance level or a price zone. Otherwise i will skip or wait for a 15/30 mins later there is no fucking rush so dont hunt trades! Let them come to you keep it simple and stay focus displine and patience and follow YOUR plan... iIcan wait like a lion wait to attack his prey for hours in the shadow relax focus and attack when they price breaks come back for a retest and attack! 5 to 10 pips targets 1:1 risk reward RR means I risk 10 pips I aim for 10 pips max 5% risk management make sure you know the range and let the market breath give it some way of space but only if you trade with momentum from zone to zone.
Ok entry’s on the 15m time frame so we are still in a uptrend bullish momentum i look for buys let me show you a easy example usdjpy 15m below.
So now we know how my entrys work and on the 15m always i always respect the high timeframe h1 and h4 and daily... because this key zone to zone wait for clean breakouts dont entry to early dont be greedy and in a range with 50 pips like explain in the picture you can easy take 5 / 10 pips targets with a risk reward ratio from 1:1 / 1:2. trade with momentum look my previous webinars read the books we recom and you will be fine.. make sure you ask questions if you dont understand something. The magic of zones [] zone to zone trading.
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