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1-1 Zones

Posted: Tue Oct 21, 2008 12:41 pm
by Trader Question
I am having a problem understanding plotting the 1-1 zones .

From where on the chart is the starting point for the low and high zones . I cannot find this instruction in your text , I understand how I calculate the size of the zone but not where to place it

Re: 1-1 Zones

Posted: Tue Oct 21, 2008 12:42 pm
by pldot
The 1-1 high zone plotted on the on-coming bar is today's 1-1 high and yesterday's 1-1 high. These two points will form the high and low of today's 1-1 ZONE. The 1-1 high formed by today's bar will be plotted on the space that will be occupied by tomorrow's bar, and that will form either the high or low of the 1-1 resistance ZONE. The opposing end of the 1-1 resistance zone will be formed by the 1-1 high created by yesterday's bar, which was plotted on today's bar. That level will be caried over to the on-coming bar and will form the other end of the 1-1 zone.