Rules based method based on zz, fractals, psar, and s/d

Quoting joelloh

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{quote} Maybe I get what you mean now. 1. We can either choose H4 OR M30 to find valid signal from the rules set. Then, drop down to either M15 OR M5 to enter any trade ya? 2. By means on trade in the direction of today candle means is.... We need to compare today and yesterday candle, if today is bearish candle form, check back yesterday candle must be also same as bearish, then only can go SHORT Sell ya? 3. If that is the case, if we need to wait today candle to form bearish or bullish candle, how to estimate it is bearish candle or bullish candle?...

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Quoting Bubalus

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{quote} the answer on 1 = yes on 2 todays color and yesterdays color importance depends on at which time you are trading, the older the current daily candle is, the more importance it gets on 3 = the candle color is your guide

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Quoting joelloh

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{quote} Bubalus, very very much appreciated on your post reply. You really kind helping me with my question. Lastly, I still not clearly understand what you mean by... "Todays color and yesterdays color importance depends on at which time you are trading, the older the current daily candle is, the more importance it gets" Question: Can you explain to me more detail and can you give me any scenario example? Sorry that I ask much, im a slow learner. Again, really thank you for the advice all the while. Regards.

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Quoting Bubalus

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{quote} Before I answer this, In which Time Zone do you live ? London, Sydney , Chicago ?

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Quoting joelloh

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{quote} I'm actually from Asia, but for making things illustration easier for you to explain to me, let's consider I'm on zone London.

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Quoting Bubalus

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{quote} ok, Dates1 trades pure on yesterdays Daily candle close, he trades from London open, at that time the current Daily candle is 10 hours old. So the system was adapted to make the current Daily candle visible for people who trade the London and the US session as in 10 hours a lot can happen. If you trade in the Asian session and the yesterday candle is only 2-3 hours old you can stick with yesterdays daily candle and better ignore the current candle as it can still go short or long

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Quoting joelloh

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{quote} I think I understand it now. Really really big thank you to Bubalus. By the way, I think there is some typo in your explanation... You said that.... "If you trade in the Asian session and the yesterday candle is only 2-3 hours old you can stick with yesterdays daily candle and better ignore the current candle as it can still go short or long." It suppose to be Today candle, correct?

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Quoting Bubalus

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the template was updated to version 2E , new ZZ indy and DeMark Trendlines was added. {file}

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Quoting haamidfx

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{quote} Hi Bubalus, So there is no more ZZ13 to trade in its direction? I have question on trading the direction of D1, Can we use the top right indicator colour to identify it and trade in its direction? {image}

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Quoting haamidfx

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{quote} Hi Bubalus, So there is no more ZZ13 to trade in its direction? I have question on trading the direction of D1, Can we use the top right indicator colour to identify it and trade in its direction? {image}

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Quoting Bubalus

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{quote} Yes, the 2 lines in the right top are there to show the current candle direction and the one before.

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Quoting haamidfx

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{quote} So 0 is current candle and 1 being the previous correct? Can I just explain a scenario and see if i got it right? I will use H1 for Trend and M15 to trade ZZ13 in H1 is up (look for sell) ZZ3 in H1 is formed in direction of sell Change TF to M15 Find ZZ3 in direction of Trend Wait for PSAR to form Check top right H1 0 Red and M15 1 Red Enter sell I hope its clear, I'm trying to understand how to use the top right indicator.

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Quoting Mebr

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{quote} yes you are totally right. What I want to say is using ATR ZigZag to have statistically approved legs. what this mean? for each time-frame we have ATR value. for example for EURUSD and H1 ATR is around 150 points. Using this data we can filter range from trend considering that if legs are less than like 66% of Time ATR (in this case 150 points * 0.66 = 100 points) then it can be a Range. If legs are above 2.5 * ATR (in this case 150 * 2.5 = 375 points) it is absolutely a trend in that time-frame. between these two numbers market is in a...

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Quoting Mebr

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ATR ZigZag is better for all ZigZag applications. it is kind of formulated and systematic approach to find market structures. by the way I started a thread about "Tolerated Trend Lines" which is very powerful for identifying Trends before EVEN their Formation or Fail. this will be continue for 3 4 posts then Will add trades based on that strategy.

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Quoting Dates1

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HI ALL NEW TEMPLATE ATTACHED JUST NOW on original first post with all indicators included in the zip folder KEEPING YOU SAFER WHILST STILL PROFITABLE a rules based STEP BY STEP .....1.2.3.4.5 METHOD YOU HAVE TO TRY IT TO SEE ITS ALL RULES BASED SO NO HUMAN INTERPRETATION NEEDED APART FROM ENTRY/EXIT ...........EG I THINK ITS GOING TO DO THIS ,,,,,,,,,,,,,,NO,,,,,,,,,WAIT TILL METHOD DECIDES FIRSTLY GHOSTRIDER

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