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

  • #81
  • Sep 14, 2017 10:29am Sep 14, 2017 10:29am
Do you prefer tp trade the break of the range or the retest?
Everyday better.
  • #82
  • Sep 14, 2017 10:57am Sep 14, 2017 10:57am
Quoting MoneyZilla
{quote} 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} In my example, there are 5 tops and 6 bottoms, total 11 ZZs. When I say odd number, this is what I mean.
Alright. understood!

only other question i have for the moment is.

what is the setting/context for us to start counting the tops bottoms.

simply if the market is stuck in a range for 2 or more days?

or is this were the daily break comes in? are you evaluating the tops and bottoms as a way to know if its likely and when to flip your trade initiated from the break of previous days high/low?

thank you for sharing Zilla
  • #83
  • Sep 14, 2017 11:30am Sep 14, 2017 11:30am
Quoting MoneyZilla
{quote} This is a must have job, in my opinion. It depends what you are chasing? I have played with the ZZ indicator and it looks nice in m5. m1 is crazy. Going higher up creates lots of waiting, but it does filter down the ranges quite nicely. So, for informational purposes, one can track down or try to catch the final direction? There are many ways to trade this info... {quote} h4 for example would likely not react on that. but the game entries turn trading monthly or even bi-monthly session? {quote} sure, but it is not only the daily break outs....
just want to check im looking at it correctly?

this is m1 chart
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  • #84
  • Sep 14, 2017 11:36am Sep 14, 2017 11:36am
Quoting MoneyZilla
{quote} This is correct.
looks powerful when glancing over the charts.

im guessing its wise to wait for at least 3+ tops bottoms to show themselves before taking action?

and do you reset your count if it breaks the main top/botm?
  • #85
  • Edited 12:28pm Sep 14, 2017 12:10pm | Edited 12:28pm
Quoting MoneyZilla
{quote} The more you can wait the better. The problems is sometimes they do not zig zag it and good entries get wasted... Yes. I reset the count after it does finally breakout.
my friend this is a powerful discovery.

thank you for having the kind of soul thats kind enough to share.

ive had a good scan of the charts and you cant deny it.

maybe if you begin counting from moves that are small and irrelevant in comparison to the general moves of the asset you could get jumbled up but if you take it from a good easy to spot impulse move. good as gold!

the stuff that confuses me more is your take on hedging. so much going on. when i see those screenshots of your terminal and all the different lots my heart dies for two and a half seconds lol!!!!!!

this is the stuff id like to understand more. so feel free to put together a thought excersise on that topic lool !
  • #86
  • Sep 14, 2017 1:27pm Sep 14, 2017 1:27pm
We really get many steps forward today!

I think the heding part is where the ea comes to play. For the range play it would be possible without but the grid and hedging is a lot of work i guess

This is how a range play day would look like(in my head) in perfect conditions. But without heding i dont want and cant draw that much.
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Everyday better.
  • #87
  • Edited 10:17pm Sep 14, 2017 5:09pm | Edited 10:17pm
hello folks,

its true there is not much info about hedging and unlocking a hedge.
imo the reason for that is that is not easy to do the unlocking and sometimes it needs several attempts.
with several attempts your floating losses will increase 2-3 times.
you freeze your losses and you might have to wait weeks for a good place to unlock your hedge.

you need to be an experienced trader to pull it off.
places to unlock will be break-outs and reversals at important levels on weekly or monthly charts.
examples you can find on the thread No SL No Leverage by fxtr51.

averaging in to losing trades will quickly increase your floating losses and I would not recommend it.

you can also try to get your losing trade to BE from a recovery zone.
suppose you buy 0.1 lot, the recovery zone is 50 pips and TP is 150 pips to get to BE.
once your 0.1 lot buy trade is in a 50 pips loss, you sell 0.15 lot and close the trades at TP 150 pips.
if price goes back up to your first buy order before reaching TP150, open a second buy order 0.12 lots
with TP150 and close all trades if price gets there.
if price keeps going up and down, sell 0.16 lots, buy 0.21 lots, sell 0.28 lots, buy 0.38, sell 0.51, buy 0.64
sell 0.91, buy 1.21 lots.
important to have a broker who will even out your buy/sell trades for margin purposes.

hope I`m adding to the discussion here.
  • #88
  • Sep 15, 2017 2:23am Sep 15, 2017 2:23am
This is with a 5.5.3 setting. Looks a bit messy for a count.

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Is it better to change the setting, look at another time frame or look for another pair?
Good Trading
  • #89
  • Sep 15, 2017 2:34am Sep 15, 2017 2:34am
Quoting aud
This is with a 5.5.3 setting. Looks a bit messy for a count. {image} Is it better to change the setting, look at another time frame or look for another pair?
were are you counting from?

to me this seems to be the only thing that could cause subjectivity between different sets of eyes.

maybe we should be collectively focusing on a way to eliminate this and agree on a way for us to all look at it and see the results?

im slightly more confused about when to reset my count, it seems very wise to me to only initiate a count from a healthy impulse leg
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  • #90
  • Edited 5:55am Sep 15, 2017 2:37am | Edited 5:55am
Quoting aud
This is with a 5.5.3 setting. Looks a bit messy for a count. {image} Is it better to change the setting, look at another time frame or look for another pair?
EU is not supported by MoneyZilla, check the gold better.
  • #91
  • Sep 15, 2017 8:16am Sep 15, 2017 8:16am
From the posts i red here from all of you guys I get the feeling everyone understand the points MoneyZilla is giving us not wrong but different. This thread can be different from others because everyone that follows can find his/her own way to trade. Its a Journey but I think its worth it.

I have learned alot the last days and i think there will be much more in the further days. The flipping is for me the most interesting part of the thread. I dont know if the signales are really for my but the stuff makes so much Sense to me.
Thanks to money and everyone that follows!
Everyday better.
  • #92
  • Sep 15, 2017 8:03pm Sep 15, 2017 8:03pm
flipping buy trade = closing out losing buy trade and place a short trade from there, right?

if flipping at a certain price makes sense depends on recent price action I would say.
suppose you buy @ 1.2000, TP 1.2100 - price drops to 1.1950 and you decide to close out the losing buy trade and go short @ 1.1950, TP 1.1850.
If price hasn`t been under 1.1900 for a while and the general trend is up, I would be very reluctant to place that short trade.
  • #93
  • Sep 15, 2017 8:45pm Sep 15, 2017 8:45pm
From what I am understanding, he puts orders in the contrary direction in different orders from 50% higher than the zig zag chop. then puts a hedge at the a point he feels like the hedge would run away and not pull back.
  • #94
  • Sep 15, 2017 11:48pm Sep 15, 2017 11:48pm
Quoting Piphunter00
{quote} were are you counting from?
Maybe something like this. As you say, subjective.


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Good Trading
  • #95
  • Sep 16, 2017 2:45am Sep 16, 2017 2:45am
Quoting aud
{quote} Maybe something like this. As you say, subjective. {image}
Your missing out alot of tops and bottoms there for sure
  • #96
  • Sep 16, 2017 7:02am Sep 16, 2017 7:02am
Quoting aud
{quote} Maybe something like this. As you say, subjective.
Guys, this is midnight...

Here is a little something for you. About midnights. From the great, but dead George Carlin. According to George Carlin, Willie Nelson will sing a song about midnights:

"It is midnight in Montana and I cant get my dick out of this cow..."
https://youtu.be/DuoBbSapgek
Maadik Hugiis. IQ 69.
  • #97
  • Edited 12:23pm Sep 16, 2017 11:10am | Edited 12:23pm
Quoting MoneyZilla
Very funny video! Read the describtion on youtube, prior to watching! http://youtu.be/dbojJUdyNVA fxblue link for the funny trading. (https://www.fxblue.com/users/fastmillion). enjoy the funny show!
WTF is that video? May be you can explain me.
I started to analyze the trades.
First I found EURGBP was most profitable one.
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Then I took out the trade list and made a graph of trades.
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In this way I found matching time from my MT4 chart.
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Same time as chart, but my time is 8 hours later because of timezone.
So then I started look for trades.
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EURGBP is constantly moving 3 pips with couple of seconds ?! WTF is that?
Ofcourse videomaker and his super EA is making hit rate 76% on it ?!
Then I started to look more closely the chart. My broker (Pepperstone) is not giving
such movement for me. Unfortunately...
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There is a screenshot from video. Never saw such price movement. Every bar is like 4 pip renko brick.
Attached Image

That's a sick scam, I wasted my day.

SP
  • #98
  • Sep 16, 2017 12:51pm Sep 16, 2017 12:51pm
Quoting SuperPip
{quote} WTF is that video?
Ok, there was a competition https://www.fxblue.com/competitions/ViewCompetition.aspx?id=725
And one guy (fxwinner) was ruling there with that broker demo account and EA.
Interesting, what is the broker?
  • #99
  • Sep 16, 2017 12:54pm Sep 16, 2017 12:54pm
SuperPip, the video is only for entertaining purposes. The commentary is really funny. I laughed hard and though everyone will, too.

I am sorry if my post deluded you. It was clear it is a scam and in the youtube description this is quite clear, too.

Anyways. As the post is mine, I take the full responsibility and honestly appologise for the waste of your day.
Maadik Hugiis. IQ 69.
  • #100
  • Edited 3:45pm Sep 16, 2017 2:35pm | Edited 3:45pm
Quoting MoneyZilla
SuperPip, the video is only for entertaining purposes. The commentary is really funny. I laughed hard and though everyone will, too. I am sorry if my post deluded you. It was clear it is a scam and in the youtube description this is quite clear, too. Anyways. As the post is mine, I take the full responsibility and honestly appologise for the waste of your day.
Don't be worry.
Actually I'm thankful for your post.
This guy seems ok. Using Envelopes and RSI for entry and adding trades with keeping the initial risk as CindyXXXX in My Baby thread.
With adding the trades he is taking out 3:1RR. But the real RR on trades is somewhere 1:1.2
Also information regarding grid trading is good one.
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