This section documents and explains a very unique, dynamic FIBCON that we have called the Session Golden Zone, which is derived from the 50 to 61.8 Fibonacci retracement level taken from the session low to high or vice versa depending on whether price is in an uptrend or a downtrend.

Points A and B are taken from either the High or the Low of the current session resulting in two categories:

• A Golden High-Low, formed when the most recent High (point A) occurred before the the most recent Low (point B).

  In this case, we look for sell trades when price retraces to this zone.

• A Golden Low-High, formed when the most recent Low (point A) occurred before the the most recent High (point B).

  In this case, we look for buy trades when price retraces to this zone.

Each produces a dynamic Golden Zone as the session unfolds and when confluent with other components of the Price Action Grid can offer high energy, high probability, multiple R trade opportunities.

The best quality setups are confluent with a very clear Role-Reversal (RR) zone when looking left.

The golden zone itself resets at the start of each session. The zone characteristics, in terms of its height and postion on the chart, dynamically change as the session unfolds and as new session highs and lows are made.

In our experience, the golden zone can play a key role in multiple trade setups as shown in the screenshot on Wednesday 18th July 2018. This example shows an early buy MAB setup off the 61.8 level off what was the Golden Low-High zone at that time, then an hour or so later another buy MAB setup formed off the 61.8 level of the latest Golden Low-High zone.

The ‘bssIntradayKeyLevels’ indicator can be configured to automatically display and dynamically update the golden zone on the charts as it changes throughout the session. This is a user configurable option that we have enabled because in our opinion it is a significant and influential zone of support/resistance therefore we want to include it in our trading arsenal.