TheStrategyLab.com Price Action Trading Support Forum

Forum for price action traders that want to learn WRB Analysis basic tutorial chapters 1, 2 and 3 prior to purchasing our advance trade methods. Hashtags: #wrbanalysis #wrbzone #wrbhiddengap #priceaction #trading
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 Post subject: London UK -Currencies
PostPosted: Wed Aug 08, 2012 4:18 am 
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Joined: Tue Aug 07, 2012 12:34 pm
Posts: 2
Hi, I am Peter, trader for 5 years. Been through the indicator period then took them all off and began to see turning point zones. Stumbled upon the work of Sam Seiden at roughly the same time by pure coincidence. I see WRB analysis as broadening my knowledge and hopefully fine tuning my trading, so looking forward to learning more.

Here is where my thoughts are at the moment:

Both methods are dependent, in part, on entry technique/signal within the zone.

Seiden purists enter at the origin without confirmation entry signal, based on a high probability score for the level. A lower scoring requires a confirmation entry but again, only at the origin of the move.
Pros: Get in at the extreme where there are more likely to be more willing buyers/sellers in your trade direction.
Cons: Will miss some moves that turn before reaching the origin of the move perhaps due to competition between traders to enter into a trade.

WRB delta zones take the initial thrust of a strong momentum move and thus include the main meat of the move and the origin.
Pros: You will catch trades that turn before reaching the origin of the move.
Cons: Attempts at entering before the origin may also lead to entering too early into a move thus getting stopped out.

So what's the better zone? Only hard stats could reveal that and even then it boils down to risk management. Entry technique/signal however may hold a clue also. I am looking forward to perhaps understanding what signal entry works best within a zone against a particular market behaviour if that's possible. This would certainly optimise results and give me a better understanding of market dynamics.


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