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Where the Opportunities Exist

  • #21
  • Oct 24, 2016 8:40am Oct 24, 2016 8:40am
Quoting Neio
Where the Opportunities Exist {image} Problem Do you struggle to see the opportunity for you to profit that exist before you each and every day? Are you unsure as to which direction you should be trading in to give yourself the best chance of profit? Solution In this thread I am going to give away a specially configured template using freely available indicators. Please note this is not a trading system, but it will highlight where the opportunities exist, specifically on a 1 minute chart for GBP/USD. Essentially, it will show you a structure or...
Hello Neio,

Just stumbled onto here. Thanks for what looks like an interesting concept.

It will be much appreciated if you could help me in better understanding this.

I loaded the template and Indi's and watched it for some time.

1. Though they look/behave like Zig-Zag and Donchian channel, I haven't found the typical input parameters that are used for the Indi's. So am i right in saying logic behind the "ZZ" and "Donchian Channel" is different? Could you please shed some time on what exactly do the indicators are trying to convey?

2. About the "Donchian Channel", is it super imposing two channels? Kindly check the snapshot as it can convey my thoughts better. Is there any significance in price falling in the top part or bottom part?

Attached Image (click to enlarge)
Click to Enlarge Name: Region.png Size: 121 KB


Your help is greatly appreciated.

Thanks
  • #22
  • Oct 24, 2016 8:42am Oct 24, 2016 8:42am
Quoting hepsibah
If you want to look at other pairs, this is a handy indicator someone posted on the forum based on an hourly version of the TSR. It seems as though we want the first pip setting in Neio's Sweetspot indi to be in the same ballbark as the recent hourly pip range.{image} Looks like you wouldn't go too far wrong buying every up move in the donc and selling every down move if the settings are in sync - very few fakes. {file}
Hepsibah,

Pleasantly surprised to have run into you.

Thanks for the indicator. You are generous as ever...
  • #23
  • Nov 10, 2016 12:36am Nov 10, 2016 12:36am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting aaven
{quote} Hello Neio, Just stumbled onto here. Thanks for what looks like an interesting concept. It will be much appreciated if you could help me in better understanding this. I loaded the template and Indi's and watched it for some time. 1. Though they look/behave like Zig-Zag and Donchian channel, I haven't found the typical input parameters that are used for the Indi's. So am i right in saying logic behind the "ZZ" and "Donchian Channel" is different? Could you please shed some time on what exactly do the indicators are trying to convey? 2. About...
Hi Aaven,

It may help you if you think like a Scalper. As a Scalper you are trying to capture the short-term direction of the market in order to profit. Then perhaps while looking at the chart with the template loaded imagine if you were only buying in this market. Generally, where would the safest place be to buy?

1,2. Each leg of the ZZ indicator measures a minimum distance of 16 pips. That is quite clear when you look in the settings for the indicator and you watch how it prints a new leg after 16 pips of movement in one direction. The Donchian Channel is again based on price movement. It is a 42 pip channel. Again this can be seen in the settings and by observation. The white line is the Mid or 50%. The red and blue lines are just deviations from that Mid line. Again think about the safest places to buy if you were scalping this market. Firstly, should you be looking to buy or sell above the Mid line? Well if you are buying you need more up movement than down movement. Where is there likely to be more up movement than down movement?

This structure follows the market wherever it goes, so once you figure out the optimal place to buy or sell on the structure you then have overcome one major hurdle in knowing which direction you should be looking to take trades. This is the problem that I outlined in the beginning of this thread and this template helps the trader who is focused on scalping the market to get a good base on to which he can build a profitable strategy. The ZigZags help to see more clearly the directional movement of the market that happens each day. There are multiple up or down directional moves which are enough to scalp profit from the markets daily.

Hope this helps.

Regards

Neio
An expert is a man who has made all the mistakes which can be made
  • #24
  • Nov 12, 2016 11:41pm Nov 12, 2016 11:41pm
Quoting Neio
{quote} Hi Aaven, It may help you if you think like a Scalper. As a Scalper you are trying to capture the short-term direction of the market in order to profit. Then perhaps while looking at the chart with the template loaded imagine if you were only buying in this market. Generally, where would the safest place be to buy? 1,2. Each leg of the ZZ indicator measures a minimum distance of 16 pips. That is quite clear when you look in the settings for the indicator and you watch how it prints a new leg after 16 pips of movement in one direction. The...
Hello Neio

Thanks for taking the time to give a detailed explanation. Your effort in helping me is much appreciated.

I will do my best to digest this and get back to you for any doubts.

Once again thanks for the help.
  • #25
  • Jan 8, 2017 4:21pm Jan 8, 2017 4:21pm
When I measure the distance from the upper blue channel to the lower red channel I get ~20 pips. Neio's channel indicator for the pip variable is 42.
Is the indicator not working correct for me?

I am trying to gain understanding of this channel indicator and why the chosen pips are 42 and 16 for the semaphore zigzag?

My thinking is that wick average for some time frame over specific hours of the day is 20 pips, thus creating a overbought/oversold channel to scalp inside. The semaphor zig zag tells us when the swing or a pullback is not greater than 16pips and therefore ok to take a trade, within the upper(buy) or lower(sell) half of the channel.

any thoughts appreciated!


Quoting Neio
{quote} Hi Aaven, It may help you if you think like a Scalper. As a Scalper you are trying to capture the short-term direction of the market in order to profit. Then perhaps while looking at the chart with the template loaded imagine if you were only buying in this market. Generally, where would the safest place be to buy? 1,2. Each leg of the ZZ indicator measures a minimum distance of 16 pips. That is quite clear when you look in the settings for the indicator and you watch how it prints a new leg after 16 pips of movement in one direction. The...
  • #26
  • Jan 25, 2017 1:09am Jan 25, 2017 1:09am
Quoting Neio
{quote} Hi Aaven, It may help you if you think like a Scalper. As a Scalper you are trying to capture the short-term direction of the market in order to profit. Then perhaps while looking at the chart with the template loaded imagine if you were only buying in this market. Generally, where would the safest place be to buy? 1,2. Each leg of the ZZ indicator measures a minimum distance of 16 pips. That is quite clear when you look in the settings for the indicator and you watch how it prints a new leg after 16 pips of movement in one direction. The...
Honestly, you have given an excellent template for momentum trading. Your indicators' emphasis on pips rather than time is quite helpful for momentum trading.

Please advise about the three inputs in the donchian channel. First Pip is 42. Second input 0.00005 and third input of 0.001 what do they do to the setting of the donchain channel.

Thank you.
Practice makes a person perfect
  • #27
  • May 10, 2017 5:01am May 10, 2017 5:01am
Quoting Neio
{quote}Each leg of the ZZ indicator measures a minimum distance of 16 pips. That is quite clear when you look in the settings for the indicator and you watch how it prints a new leg after 16 pips of movement in one direction. The Donchian Channel is again based on price movement. It is a 42 pip channel. Again this can be seen in the settings and by observation. The white line is the Mid or 50%.
just curious why 16 pip zigzag and 42pip donchian, is this based on statistic ? or fully arbitrage, one can change to their personal need ?

good trading to all
Closer To Dream
  • #28
  • Nov 8, 2017 12:03am Nov 8, 2017 12:03am
Typical for FF. A great tread, which involves thinking, going to waste... Unbeliavable how lazy people are!

What you lazy MFs are thinking? In order to jump 8 meters, you just have to ask the BIG question to a guy, who is jumping 8 meters already?

Sir, tell me how to jump over the 8 meters, please?

And when you do get the answer, you will start jumping 8 meters? Just like that? Soon after? Right way, maybe?

Lazy MFs!

What about the 10,000 tries, the 8 meter jumper did prior to reaching that distance?

Idiots... Round shaped idiots...

Oh, excuse me, Sirs MFs, forgot you are here for the automation. Stupid me! Could not figure it out...
Maadik Hugiis. IQ 69.
  • #29
  • Jul 28, 2018 2:56am Jul 28, 2018 2:56am
hi to all

Excellent thread , very efficient way to look at charts , it take some time to understand the spirit behind .
i would like to export the semaphor indicator data into excel csv file
does someone know how to do it ?

SB
trying to make everyday the best risk/reward decisions possible
  • #30
  • Jul 28, 2018 3:05am Jul 28, 2018 3:05am
Quoting slowbrain
hi to all Excellent thread , very efficient way to look at charts , it take some time to understand the spirit behind . i would like to export the semaphor indicator data into excel csv file does someone know how to do it ? SB
Slowbrain,

Could you share your interpretation. I did spent some time and reached a dead-wall.


Thanks
  • #31
  • Jul 29, 2018 1:59pm Jul 29, 2018 1:59pm
Quoting aaven
{quote} Slowbrain, Could you share your interpretation. I did spent some time and reached a dead-wall. Thanks
Aaven

look at the low of each Zigzag regarding the middle Donchian channel ...
ie for short ;
If zigzag low stay below the donchian middle channel i look for short
if zigzag low stay above the donchian middle channel i look for buy

cheers

SB
trying to make everyday the best risk/reward decisions possible
  • #32
  • Jul 30, 2018 12:17pm Jul 30, 2018 12:17pm
Quoting slowbrain
{quote} Aaven look at the low of each Zigzag regarding the middle Donchian channel ... ie for short ; If zigzag low stay below the donchian middle channel i look for short if zigzag low stay above the donchian middle channel i look for buy cheers SB
Thanks Slow Brain...
  • #33
  • Jul 31, 2018 3:45am Jul 31, 2018 3:45am
Quoting slowbrain
{quote} Aaven look at the low of each Zigzag regarding the middle Donchian channel ... ie for short ; If zigzag low stay below the donchian middle channel i look for short if zigzag low stay above the donchian middle channel i look for buy cheers SB
Hi Slowbrain,

Could you explain more the rationale behind what you said? Thanks

Regards,
S.
  • #34
  • Aug 1, 2018 2:12am Aug 1, 2018 2:12am
Quoting Swnlobo
{quote} Hi Slowbrain, Could you explain more the rationale behind what you said? Thanks Regards, S.
Quiet simple , no magic ... just observation on E/U not all currency .... im talking about E/U only
Attached Image (click to enlarge)
Click to Enlarge Name: Neio.PNG Size: 93 KB
trying to make everyday the best risk/reward decisions possible
  • #35
  • Aug 1, 2018 2:54am Aug 1, 2018 2:54am
Quoting slowbrain
{quote} Quiet simple , no magic ... just observation on E/U not all currency .... im talking about E/U only {image}
Thanks Slowbrain,

So zigzag highs below the middle channel (that is descending) means lower highs and we look to short? Zizag lows above an ascending middle channel we look to buy?

How does the Pip based Donchian operates? I'm trying to understand the parameters...

Regards,

S.
  • #36
  • May 10, 2019 8:53am May 10, 2019 8:53am
GER30 1 mn

looks very promising
Attached Image (click to enlarge)
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trying to make everyday the best risk/reward decisions possible
  • #37
  • May 10, 2019 1:43pm May 10, 2019 1:43pm
Quoting slowbrain
GER30 1 mn looks very promising {image}
it was really good
Attached Image (click to enlarge)
Click to Enlarge Name: Annotation 2019-05-10 204224.jpg Size: 181 KB
trying to make everyday the best risk/reward decisions possible
  • #38
  • May 13, 2019 5:24am May 13, 2019 5:24am
GER30 1 mn this morning
Attached Image (click to enlarge)
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trying to make everyday the best risk/reward decisions possible
  • #39
  • May 14, 2019 10:16am May 14, 2019 10:16am
Dow today really good guide
Attached Image (click to enlarge)
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trying to make everyday the best risk/reward decisions possible
  • #40
  • Jun 22, 2020 6:14am Jun 22, 2020 6:14am
I understand why neio use 16 pips for semafor price indicator
I can see where my entry lies with this indicator
But i don't know how to exit , it's very difficult....
Once again , thanks u so much neio !
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