Hello everyone. Anyone who's following Zones and have any doubts, kindly mention them in the comments below. Will try to solve as much as possible.
Check historical ideas on my profile for examples
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no trade so far
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gave rejection at Lzone
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but i dont think it should fall, be cautious, looking for long setups
Trade active
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nifty look more favourable than bank nifty to me BUY in the zone with sl below the zone
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Lower level of channel coinciding with zone, is a very good thing.
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Note: BUY only in the zone, Dont ruin the R/R by buying higher. If missed, let it go
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Now that's the beauty of Zones. If there is a reversal expected, maximum times it will happen in the zone region.
Trade closed: stop reached
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Under worse case scenario, had anyone entered in zone the zone. Your sl was not more than 5/6 points. Good thing we opted nifty instead of Banknifty. otherwise sl would have been more.
can you please explain how to use zones posted here
The_RedTicker
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@Tradeview2019, Hello. See the basics are same everyday, the middle two region which I call LZONE and UZONE are where one enters and the outer zone again, EX_UZONE and EX_LZONE is where one looks to book profits. It is a reactive method, where 80% times I personally look for reversals or contra trades. What the zone gives me is a perfectly comfortable Risk to Reward for contra trades or break out trades.
for example you can check out idea of yesterday's or 20NOV,19 Banknifty for contra trade and today's or 21NOV,19 Banknifty for breakout trades.
Long story short, I am sharing my views and zones since around 5th of nov,19. Had one blindly traded Banknifty for every opportunity the zones gave, even then one would be in more than decent profits. Most of the right trades give around 1:3 to 1:5 or more.