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(binned per thread starter's request) MoneyZilla replies to Frien

  • #61
  • Sep 14, 2017 5:26am Sep 14, 2017 5:26am
Quoting arlucad
Is the zigzag the one u use? its very small ?
Yes. 5,5,3. You do not want to miss a top/bottom to get with the rate, mate...
Maadik Hugiis. IQ 69.
  • #62
  • Sep 14, 2017 5:29am Sep 14, 2017 5:29am
For example, gold is a buy from 1323.30. The next possible sell would be 1322.40, but this might change and likely will. Just an example...
Maadik Hugiis. IQ 69.
  • #63
  • Sep 14, 2017 5:38am Sep 14, 2017 5:38am
Thanks i will play around with the settings

Okay the sell i understand but the buy not really. Because its the high of the small range ?
Everyday better.
  • #64
  • Sep 14, 2017 5:39am Sep 14, 2017 5:39am
Quoting arlucad
I have to learn how its calculated.
It is calculated easily, just last n candles higher high or lower low.
Attached File(s)
File Type: mq4 DT_ZZ.mq4   4 KB | 372 downloads
  • #65
  • Sep 14, 2017 5:42am Sep 14, 2017 5:42am
Yes i have found an article and its really not that complicated
Money i would sell Gold at 1326.00 Because of the big spike its a good level to sell.

And begin to buy when i see a bit resistance. Close all sell positions in profit, let the loosers run for a bit ? correct?
Everyday better.
  • #66
  • Sep 14, 2017 5:44am Sep 14, 2017 5:44am
Quoting arlucad
the sell i understand but the buy not really. Because its the high of the small range ?
lagging is a good thing here
Attached Image
Maadik Hugiis. IQ 69.
  • #67
  • Sep 14, 2017 5:51am Sep 14, 2017 5:51am
The price looks very much smoother than mine is this a ma or a zigzag with a bigger zigzag?

How do you handle such a situation? Any trades for you?
Everyday better.
  • #68
  • Sep 14, 2017 5:54am Sep 14, 2017 5:54am
Quoting arlucad
The price looks very much smoother than mine is this a ma or a zigzag with a bigger zigzag? How do you handle such a situation? Any trades for you?
It is a M5 line with ZZ 5,5,3
  • #69
  • Sep 14, 2017 5:57am Sep 14, 2017 5:57am
stupid me, of course :facepalm:
Everyday better.
  • #70
  • Sep 14, 2017 6:00am Sep 14, 2017 6:00am
Quoting arlucad
Yes i have found an article and its really not that complicated Money i would sell Gold at 1326.00 Because of the big spike its a good level to sell.
I cannot comment, cause I have no idea why the rate goes up or down.

Here, you do not need any Zig Zag indicators. The rate shows it all. No indicators whatsoever are required. There is a natural sell bay at 1324.80. I would go after it, cause the bankers draw it on the chart.
Attached Image

Quote
And begin to buy when i see a bit resistance.
Don't know about that. Not an expert here. Support/Resistance? I call it horse shits. Everything is zero in this game. Buy/Sell pips =~0. This is very scientific. I am counting those with my indis.
Quote
Close all sell positions in profit, let the loosers run for a bit ? correct?
No. Never keep the losers to run. Flip the losers instead and close them once they are at low loss, BE or some profit. Those who closed at profit will be bringing bigger profits to the house, so you can take these small losses and restart...
Maadik Hugiis. IQ 69.
  • #71
  • Sep 14, 2017 6:03am Sep 14, 2017 6:03am
5-10 quick pips... The banker's bay at 1324.80 worked. Zig Zag cannot catch that one...
Attached Image
Maadik Hugiis. IQ 69.
  • #72
  • Sep 14, 2017 6:12am Sep 14, 2017 6:12am
Quoting MoneyZilla
{quote} No. Never keep the losers to run. Flip the losers instead and close them once they are at low loss, BE or some profit. Those who closed at profit will be bringing bigger profits to the house, so you can take these small losses and restart...
Here is a flip example. Min 100 pips the loss has to be in order to flip a loser.
Attached Image (click to enlarge)
Click to Enlarge Name: gold-flip-example.png Size: 101 KB


EDIT:
Now do you understand WHY HEDGING IS IMPORTANT?!?
This Image EXPLAINS it without using any words. Can you tell it, exactly WHY the hedging saved this trading session ass? And not only, it brought up ~$2.4k max profit (not collected)... Without hedging, that would not be possible.
Maadik Hugiis. IQ 69.
  • #73
  • Sep 14, 2017 6:24am Sep 14, 2017 6:24am
Quoting SuperPip
{quote} It is calculated easily, just last n candles higher high or lower low. {file}
What the blue/red dots are for? I guess some buy/sell trend visualization?
Maadik Hugiis. IQ 69.
  • #74
  • Sep 14, 2017 6:50am Sep 14, 2017 6:50am
Quoting MoneyZilla
{quote} Here is a flip example. Min 100 pips the loss has to be in order to flip a loser. {image} EDIT: Now do you understand WHY HEDGING IS IMPORTANT?!? This Image EXPLAINS it without using any words. Can you tell it, exactly WHY the hedging saved this trading session ass? And not only, it brought up ~$2.4k max profit (not collected)... Without hedging, that would not be possible.

thats alot of action
Everyday better.
  • #75
  • Sep 14, 2017 7:01am Sep 14, 2017 7:01am
What does the 10x10x2 mean is that the grid size? It doesnt seem so but what is that?

Are the blue and the orange lines pivot points?
Everyday better.
  • #76
  • Sep 14, 2017 7:06am Sep 14, 2017 7:06am
Quoting MoneyZilla
{quote} What the blue/red dots are for? I guess some buy/sell trend visualization?
ZZ is repainting. Every new lower or higher candle repaints the leg.
The dots are showing the lower lows, higher highs, when ZZ repaints.
  • #77
  • Sep 14, 2017 7:25am Sep 14, 2017 7:25am
Quoting arlucad
What does the 10x10x2 mean is that the grid size? It doesnt seem so but what is that? Are the blue and the orange lines pivot points?
This is for internal use. The orange/blue lines are the daily breakouts. This is how I look at the charts.
Attached File(s)
File Type: mq4 dayHL-NoSunday.mq4   7 KB | 648 downloads

I will now ply around with the ZZ and trend lines.
Attached Image


EDIT:
Very Lucky entry point. No flips. That is what I am talking about. 6 bottoms vs 5 tops = direction change.
Attached Image (click to enlarge)
Click to Enlarge Name: gold-example-95.png Size: 45 KB
Maadik Hugiis. IQ 69.
  • #78
  • Sep 14, 2017 7:27am Sep 14, 2017 7:27am
Nice ! Thank you
Everyday better.
  • #79
  • Sep 14, 2017 9:07am Sep 14, 2017 9:07am
Quoting MoneyZilla
{quote} This is for internal use. The orange/blue lines are the daily breakouts. This is how I look at the charts. {file} I will now ply around with the ZZ and trend lines. {image} EDIT: Very Lucky entry point. No flips. That is what I am talking about. 6 bottoms vs 5 tops = direction change. {image}
Ahh im late to the party!! Didnt realize you had started giving out gems Zilla. Just caught up now. So the gist is waiting for a range and if the break of a zigzag occurs leaving behind even tops and bottoms the direction isnt changing? If odd the side that has more is the likely direction?
  • #80
  • Sep 14, 2017 9:26am Sep 14, 2017 9:26am
Quoting Piphunter00
{quote} So the gist is waiting for a range and if the break of a zigzag occurs leaving behind even tops and bottoms the direction isnt changing?
Yes. When ALL tops/bottoms in a vertical layer, a small range, is an odd number, this is the new direction. For this layer.
Quote
If odd the side that has more is the likely direction?
In my example, there are 5 tops and 6 bottoms, total 11 ZZs. When I say odd number, this is what I mean.
Maadik Hugiis. IQ 69.
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