Messy — Today is one of those days when you don't have to trade. The market is messy and undecided. I am always a little skeptical of methods that never have losses. The zone breakout surely has losing day and today could have easily tricked ...

The Zone Break Out

Adjusting — Here I am adjusting the zone. Really we need some price action probably in the Euro session to show our direction. I will not go long until we break the daily pivot.

The Zone Break Out

4hr — Here is the 4hr as I see it. I circled the area of concern for this evening. A movement out of support or resistance would be a trade. I don't think the breakout area is as obvious on this chart as it was last evening but if we break ...

The Zone Break Out

Setup — Here is the setup for tonight. I have fib'd the last dominate move down and now the zone is between the 0 and the 23.6 retrace. Obviously if we break low we will be breaking the low of yesterday and that would be a trade. This zone ...

The Zone Break Out

Support — Just as we had suggested, we are now breaking some major support. Still have positions running from last entry. Notice the support levels on this 4hr chart. Set target to next fib level.

The Zone Break Out

Good Point — You are right. Exiting is the most difficult part. My general targets are fibonacci based, generally 38.2 or 61.8 levels on different time frames. But I have found entering with multiple positions allows you to bank profit as I ...

The Zone Break Out

Again — One interesting thing about this method is you can trade the breakout more than once in a day. You want price to consolidate for a while but once it stalls out in an area you can trade the breakout either way. It does work best when ...

The Zone Break Out

Your Welcom — You are very welcome fxpilot. I am glad if this is helpful. I am a big fan of the basics. Really don't need a lot of indicators, just some trend lines, fibonacci and watch the price action.

The Zone Break Out

Confirmation — As confirmation of the move short we use the 4hr chart as the real guide. We are now in an area where we will hit a lot of support. If we break this area it should run at least another 100 pips short, but it most likely will ...

The Zone Break Out

Again — This method is really very simply about breaking support and resistance. You can see we broke out of our consolidation early and then backed up. We just be patient and go short again when we break out new area of consolidation or the ...

The Zone Break Out

Out — My first position is out. I actually caught a few extra pips but sticking to plan. I will let my second position run. I have 5 pips profit locked in on second position so there is no way to lose tonight. If you look at this 4hr chart you ...

The Zone Break Out

Yes — Thanks bogus, Good call. In my Money Management, I actually take two positions. I will take one out if we hit my first target area 1.4716 or close and let the second run to the area you suggested.

The Zone Break Out

4hr — In a complete method you always verify with a longer time frame. Here the 4 hour chart support the decision to go short. I caution it is Sunday night so I will set a Stop in profit as soon as possible.

The Zone Break Out

Short — I am short after breaking Friday's low. I waited for the 1st 15 min candle to open after penetration.

The Zone Break Out

Adjust — As you can see we are penetrating the low of Friday. This is the area I have set as my entry for a short. I will let a 15 min candle open under this level and then watch the price action a bit before entry. Always look for a pull back ...

The Zone Break Out

4hr — Here is the 4hr chart.

The Zone Break Out

Waiting — No sure where price will consolidate tonight. I will probably not take a short until we break Friday's low. I am posting a chart of both 15 minute and 4hr. The 15 minute chart will be revised but you can see the the areas on the 4hr ...

The Zone Break Out

Zone — The yellow box indicates where the original zone box was drawn last night. In reality it should have been drawn where the blue box is later on. Price was consolidating a little later last night. Usually it will start to tighten up after ...

The Zone Break Out

Todays Trade — As you can see on the 4hr chart we had the two trend lines in place. The upper was penetrated at the same time we were breaking the zone box on the 15 min. I actually used the last fibo swing to determine my target, at the 61.8. ...

The Zone Break Out

Good look — Good look at the 4hr chart. This chart is the key to success in this market.

The Zone Break Out