Dear Fellow Traders,
I have a few question that I would like to ask. I am new to the concept discussed, but it is one i am having trouble with. Now, after reading the Similarity thread and looking superficially into Eurusdd’s presentation on TZs, I am bothered by this… and please, for those who have grasped this, i apologize for noob questions… The reason I ask it here is because, I see many of you in this thread were also active in the original thread. I have finished reading the other day and its a lot to digest.
In one of the examples of RZs and TZs, there is an idea that if the price penetrates the Potential Zone, we can assume that it is Transient and that the area above it is Recurrent. (Please see image attached). The real problem i have with any application of this concept is that…when a potential zone appears, many times before it is declared either, it disappears and is recreated at another position, particularly on the lower tfs. Now, this makes it difficult to apply while zones are being created, however if you get the right H, most recurrent zones will be revisited…but hard to say when.
BTW, I was reading Kiads take on the zones and he posted an image of Arnold Schwarzenegger saying I’ll be back…just dont know when…LOLed and spilled coffee all over…. great humor.
Thank you in advance for a bit of clarity on this.
Best,
Michael E
