In fact, for many of you, it may be the last thing you need to know for that massive EUREKA moment to occur
Once it does, you'll be advancing to the Associate Traders rung, where I'll fine tune it for you, until you're ready to go to the Master Traders Room, where I'll lay it all out on a plate
So here goes
A CP is a PAZ If you're having trouble spotting your PAZ, look to a CP zone,, look to its engulf and FTR. That'll be a reference for all your further PAZs
Raven, you'll need to look further left for PAZ engulf and FTR in order to draw your PAZ1 properly
Each PAZ remember, is formed by the FTR after the break of the last PAZ. (that's why, when you look across a zoomed out chart, you can see Zones lining up in bands all across the chart, be they flags, poles or empty space. The don't line up to the pip though because it's the break of one and its FTR that creates the next, offsetting it one way or the other each time :) ) http://www.readthemarket.com/index.php/forum/classroom-and-tradingroom/1517-the-classroom?start=500
dr.swingAnd in my own words :) , "The level at which price leaves a zone and fails to get back into the zone is the FTR (FL). So we now have a PAZ above the FTR and another PAZ below the FTR, and we can operate within these individual zones".
EDIT: oh, and the FTR (FL) level is the DP between the PAZs. http://www.readthemarket.com/index.php/forum/classroom-and-tradingroom/1517-the-classroom?start=475
