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profitable Zigzag

  • #241
  • May 4, 2010 12:42pm May 4, 2010 12:42pm
imo ,,, after such sell offs ..shld be a consolidation.. so tomorrow cld try small longs on eu...
  • #242
  • May 5, 2010 4:10pm May 5, 2010 4:10pm
ok was maybe too early.. i still beleive there shld be a corrective price action...
watch out GU h1 =>entry near 1.5150 SL 1.5060
shld move at least to 1.5368
  • #243
  • May 5, 2010 7:54pm May 5, 2010 7:54pm
hi mistersimple

i only trade E/U 1H timeframe,but i can not do it well by homany indicator.maybe i must use other indicator.can you give me some advices?

yourspace
  • #244
  • May 6, 2010 1:28am May 6, 2010 1:28am
take zigzag new nen (see attachments)
and try to find this http://www.fx360.com/commentary/roge...=1272612809219
  • #245
  • May 10, 2010 2:36am May 10, 2010 2:36am
some updates ...very interesting

gartley pattern: (read comments as well)
http://www.fx360.com/commentary/roge...=1273475476275

about stops:
http://www.fx360.com/commentary/brad...=1273475578585

about patterns:
http://www.fx360.com/techAnalysis/chartPatterns.aspx



btw GFT good broker?
  • #246
  • May 24, 2010 12:26am May 24, 2010 12:26am
Hi guys,
I like Zig Zag and I love scalping the 5min charts.

I use it in combo with TOP TREND and Heikin Ashi.
Basically, when TOP TREND is showing an uptrend, I wait for a ZZ down trend line to print. This is when I start paying attention.

Once heikin Ashi signals a price reversal BACK UP in line with the TOP TREND, I go Long. I place my stop just below the most recent low and exit when the ZZ up trendline prints.

Essentially, I am buying low and selling high in an uptrend (as shown by the TOP TREND indicator). Makes sense huh.

Apply the opposite rules when going short.

It's easy, mechanical and profitable.

Phil
  • #247
  • May 24, 2010 10:59am May 24, 2010 10:59am
Quoting Phil Warran
Hi guys,
I like Zig Zag and I love scalping the 5min charts.

I use it in combo with TOP TREND and Heikin Ashi.
Basically, when TOP TREND is showing an uptrend, I wait for a ZZ down trend line to print. This is when I start paying attention.

Once heikin Ashi signals a price reversal BACK UP in line with the TOP TREND, I go Long. I place my stop just below the most recent low and exit when the ZZ up trendline prints.

Essentially, I am buying low and selling high in an uptrend (as shown by the TOP TREND indicator). Makes sense huh....
good entry point !!
now I'm trying implement ZigZag with other indicator as well..
keep up a good work, brother
  • #248
  • Jun 7, 2010 2:32am Jun 7, 2010 2:32am
Hello Paulus,

I am testing this method on m15, please tell me do u follow any filter for the breakout direction or you just take any side breakout when happens first?
  • #249
  • Jun 7, 2010 11:25am Jun 7, 2010 11:25am
Hi Sorry

put a e ema on your chart only trade when ema breaks ZZ not price you get in slightly later but you do avoid loads of false signals

cheers

paul
Attached Image (click to enlarge)
Click to Enlarge Name: zz7.gif Size: 31 KB
  • #250
  • Jun 7, 2010 11:36am Jun 7, 2010 11:36am
Quoting Paulus
Hi Sorry

put a e ema on your chart only trade when ema breaks ZZ not price you get in slightly later but you do avoid loads of false signals

cheers

paul

Thanx for your reply Paulus. but please tell me what EMA do u suggest or using?

How do u calculate your profit targets or you just trail with trend magic line?

Why your thread is dyeing, i have been using 1-2-3 method also so i know this type of method has a lot of potential.

Keep it alive
  • #251
  • Jun 7, 2010 12:56pm Jun 7, 2010 12:56pm
Hi Pip

the ema is a 3 period

ZZ is a good system and will produce profit ..I use TM to act as my sliding stop
but to be honest I like getting in sooner..some times I have some times been in and out of the same move before the ZZ is broken

I have various systems and keeping threads alive takes alot of time..

But I do have it on my workstation always

cheers

p
  • #252
  • Jun 7, 2010 1:09pm Jun 7, 2010 1:09pm
Quoting Paulus
Hi Pip

the ema is a 3 period

ZZ is a good system and will produce profit ..I use TM to act as my sliding stop
but to be honest I like getting in sooner..some times I have some times been in and out of the same move before the ZZ is broken

I have various systems and keeping threads alive takes alot of time..

But I do have it on my workstation always

cheers

p
I am using it with fibonacci expansion for profit targets. Anyhow thanx for your help. I hope to get more guideline from you.

Your private message option is now open???
  • #253
  • Jun 7, 2010 1:23pm Jun 7, 2010 1:23pm
no afraid not both pvt and email is off I was getting over loaded with messages
and ended up with no time lols

P
  • #254
  • Jun 8, 2010 5:00am Jun 8, 2010 5:00am
Quoting Paulus
no afraid not both pvt and email is off I was getting over loaded with messages
and ended up with no time lols

P
That's okay Paulus, but can u keep posting your trades daily? it will be more to learn from your chart setups.

Here is my today trade with Gbp/Jpy during london session. I entered at the opening of arrow marked candle when 3 EMA is already below ZZ Low line. currently my stop loss is just 5 pips above Trend magic.
Attached Image
  • #255
  • Jul 2, 2010 8:37am Jul 2, 2010 8:37am
Hi All,

Can somebody explain what's the meaning for ZigZag indicator setting:

ExtDepth
ExtDeviation
ExtBackstep

Thanks.
  • #256
  • Edited 9:37am Sep 14, 2010 8:51am | Edited 9:37am
Quoting draco76x
Hi All,

Can somebody explain what's the meaning for ZigZag indicator setting:

ExtDepth
ExtDeviation
ExtBackstep

Thanks.

That's exactly what I would ask in the first place, before trading and developing a method based on an indicator.
Still haven't found a decent source for my additional question:

WHEN (which conditions have to occur) does the zigzag indicator plot a new direction?
This is by far the most important question if you want to perform a visual backtest and don't want to waste time with a trade simulator.

Is there someone out there who could help with this?
Thanks in advance.

Attached a similiar indicator, with simpler settings. But still, everytime I believed to finally have figured it out - suprise arise and I scratch my head. Please help
Attached File(s)
File Type: mq4 Swing_ZZ.mq4   11 KB | 1,611 downloads
File Type: ex4 Swing_ZZ.ex4   11 KB | 981 downloads
42
  • #257
  • Oct 24, 2010 1:25pm Oct 24, 2010 1:25pm
Quoting stevegee58
Hi folks,

I made a couple of mods to the zigzag indicator version posted by acerinvest to make it more conforming to my understanding of the rules.

The horizontal lines drawn at the last swing high/low are now only drawn on the last *fixed* swing high/low....
Wondering if you could put an audio/popup alarm on your indicator when price touches the support and resistance line?
  • #258
  • Aug 5, 2011 8:44pm Aug 5, 2011 8:44pm
Hi, is it that there is someone who could modified the QTA indicator and put a "Short" alarm when the zigzag in the QTA reach the (Higher High) HH_0.618, HH_1.618 or HH_2.618 and put a red line in the indicator. And when the zigzag in the QTA reach the (Lower Low) LL_0.618, LL_1.618 or LL_2.618, we put a green line in the indicator for a "Buy" signal. The alarm is only the read or green line in the indicator.

I have put a exemple of what i want. If we add the 3 Level ZZ Semafor in the same time, we have a potential reverse

Thank you,
Benoit
Attached Image(s) (click to enlarge)
Click to Enlarge Name: QTA et Semafor 19h05.jpg Size: 253 KB
Click to Enlarge Name: QTA et Semafor 20h35.jpg Size: 237 KB
  • #259
  • Dec 4, 2011 4:47am Dec 4, 2011 4:47am
Still somebody using that method ?
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  • #260
  • Dec 4, 2011 5:17am Dec 4, 2011 5:17am
Quoting lhDT
Still somebody using that method ?
Probably because it looks pretty solid. Why not back or forward test it and post your results?
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