Hi Martin,
The basic tutorial chapter 2 is only about WRB Zones created by a key market event (e.g. FED, ECB, Economic Reports, Breaking News, Geopolitical Event and so on). In contrast, WRB Zones that do not involve key market events are only discussed in the advance tutorial chapters 4 - 12.
The transformation of a WRB Hidden GAP into a WRB Zone is created when it occurs as a valid swing point or strong continuation price action via the price action definitions discussed in tutorial chapter 2. The exception to that rule involves the (
) key market events discussed in tutorial chapter 2. The (
) key market event WRB Hidden GAPs are automatically a WRB Zone. Thus, they do not need to form a swing point or strong continuation price action. Also, WRB Zones via the (
) key market events are valid zones until the next FED/ECB/BOE/BOC event.
(
) WRB Zones - Are still valid until the next (
) key market event regardless if the price action fills in the price area of the WRB Zone. Simply, if the price action fills in the area of a (
) WRB Zone...the WRB Zone is still valid until the next (
) key market event.
(
) WRB Zones - Are valid until the next event (
or
) or valid until the price action fills in the price area of the WRB Zone.
Best Regards,
M.A. Perry
Trader and Founder of
WRB Analysis (wide range body/bar analysis)
Price Action Only Trading (no indicators)
@
http://twitter.com/wrbtrader and http://stocktwits.com/wrbtrader http://www.thestrategylab.com Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
questions@thestrategylab.com
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