Chapter 11 LEVEL 2 Open Trading AccountAccount বাংলা

11.11Time-Based and Session Zones

The first ten zones were structure-based. The last ten are time-based: each line is born at a specific moment of the day or week, which means you can mark them in advance.

Previous Day High and Low

The first two magnets of every new day. Mark both before London, then watch which one goes first.
Previous day high and low
Fig. 11.1 Previous day high and low
TopicRule
How to mark it
Previous day high, low and close.
When it is valid
Trade the reversal after one edge is swept.
When it is void
Once both edges are taken.

Weekly Open

The week equilibriums. Above it the week is premium, below it discount - the most useful line on Monday.
The weekly open
Fig. 11.2 The weekly open
TopicRule
How to mark it
The open of the week first candle.
When it is valid
After a sweep and reclaim.
When it is void
Repeated crosses of the open.

Midnight Open

The 00:00 NY open (11:00 Dhaka) is the fairest price of the day: above it bullish, below it bearish.
The midnight open
Fig. 11.3 The midnight open
TopicRule
How to mark it
The 00:00 NY open line.
When it is valid
To set the daily bias.
When it is void
It must be redrawn daily.

London Session Extremes

The London high and low are the next liquidity after Asia; New York usually takes one of them.
The London high
Fig. 11.4 The London high
TopicRule
How to mark it
The 13:00-16:00 Dhaka extremes.
When it is valid
When New York sweeps one.
When it is void
Do not delete them; they matter tomorrow.

New York Session Extremes

The last delivery of the day usually targets the opposite session extreme; these become tomorrow targets.
NY high and low
Fig. 11.5 NY high and low
TopicRule
How to mark it
The 18:30-21:00 Dhaka extremes.
When it is valid
As next-day targets.
When it is void
Less reliable on news days.

OTE Zone

The best R with the trend, because the stop sits just beyond the 100 percent that is close by.
The OTE zone
Fig. 11.6 The OTE zone
TopicRule
How to mark it
62 and 79 percent of the BOS leg.
When it is valid
With an LTF trigger.
When it is void
If 100 percent breaks.

70.5 Percent Line

One line instead of a zone: tighter stop and bigger R, but fewer fills.
The 70.5 percent line
Fig. 11.7 The 70.5 percent line
TopicRule
How to mark it
The exact 70.5 percent retrace.
When it is valid
Tight spread and a liquid session.
When it is void
Wide spreads will not fill you.

Inversion FVG

A failed FVG becomes the opposite side zone; re-entering it in the original direction is the classic mistake.
The inversion gap
Fig. 11.8 The inversion gap
TopicRule
How to mark it
The full height of the failed gap.
When it is valid
On the retest after a body close.
When it is void
If it breaks again.

Nested Zone

A lower-timeframe zone inside a higher one: two kinds of traders entering the same price.
A nested zone
Fig. 11.9 A nested zone
TopicRule
How to mark it
Mark both zones in different colours.
When it is valid
Trigger inside the inner zone.
When it is void
If the outer zone breaks.

Trendline Liquidity

Stops stack along the line; a break is a liquidity event, not a support failure.
The trendline pool
Fig. 11.10 The trendline pool
TopicRule
How to mark it
A line through two or three touches.
When it is valid
After the break and the return.
When it is void
If the line is too steep.
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Zone Systems 1-10

Educational material only · not financial advice.