Trader from "the zone"

Discussion in 'Journals' started by DoubleTOP1, Dec 6, 2010.

  1. Burned my first account. Now I'm starting something new. I've just recently learned price action trading using just a couple tools to trade. I was using MACD, RSI, and ADX, now it's pretty much just chart reading and something I call supply and demand zones.

    Trading the emini - S&P 500, look at crude oil (market moves so fast). I also wondering what a good "counter trend market" would be for the ES. Looked at the 30yr. bonds (ZB) but the tick size is a little strong for me right now.

    Here's my CL and ES charts.

    Red boxes = supply zones
    green boxes = demand zones

    blue tags = profit trades
    red tags = losing trades

    See entry and target 10+ away from when price hit it.
    Trade only in the zone or as price leaves zone.
    Zones last for price to hit them 3 times.
    Move original stop lost 10 mins after price moves in my direction.