imo ,,, after such sell offs ..shld be a consolidation.. so tomorrow cld try small longs on eu...
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....Ignored
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
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
Dislikedno afraid not both pvt and email is off I was getting over loaded with messages
and ended up with no time lols
Can somebody explain what's the meaning for ZigZag indicator setting:
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....Ignored