Oztrade

NFL FOOTBALL - ENDZONE - BEARS VS BULLS MATCH

FX:EURUSD   Euro/U.S. Dollar
83 0 3
Hi All, I wanted to share this with you obviously trading is not a game, but it has similarities with NFL             football. We have a game of Bears VS Bulls - so thats 1 similarity we have 2 teams -

As we see here on screen we have our Football Field - which has similarities to Trade Zones and Fibonacci

The end zone is obviosuly where the bulls and bears want to get to so they can have more Bulls or Bears come on Board to drive them past the ENDZONE - this is the team that makes the touchdown and continues to run towards the crowd and stopping us out.

What we do in trading is protect ourselves with a stop past the endzone - this is the area where a lot of novice stops are placed. So they will try to stop them out hoping that there are enough stops so more bulls or bears come on board to drive the market further.

The critical area's where most pressure is applied from the defensive team is the 30 yard to to endzone. This is the level where the offensive team wants to make it to the endzone and we see many players making more mistakes in these area's because there is more pressure applied. And traders taking profits and more entry orders being placed

When they dont make the endzone we can see the defensive team being the Bulls have taken possession of the ball, and they want to make it back to the other end of the field and make a touchdown. In this case they do make the touch down but we had extra pressure applied to make sure this guy didnt get a big head and run further towards the crowd showing off and stopping us out.

We now see the Ball has been kicked back to the other end of the field and we will see where the Bulls will take the mark and start to run back, or if there will be enough pressure from the Bears to take possession again.

I just thought I would share this - just for some fun and hopefully we can have a good match here and see who breaks out past the Endzone

In this case I was on Team Bears and Hit target 1 and 2 - maybe we switch teams and this has no similarity with NFL             - imagine if they did switch teams during the match.

Hopefully the chart doesn't stretch too much when I publish it.

Enjoy your trading

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