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Transient Zones - Basics

  • #61
  • Oct 21, 2014 4:53am Oct 21, 2014 4:53am
Quoting vlady1974
{quote} My personal favourite setup is that the Anchor Bar is a long bar with the Left Side usually pretty clear and open, the Right Side has candles within the body of the Anchor Bar but have not taken out the High or the Low of the anchor bar.
Agreed, in other words the support/resistance were retested and have withstood the attempt.
k
  • #62
  • Oct 21, 2014 4:58am Oct 21, 2014 4:58am
Your last post makes sense and understood. .
Thank you and back into the corner with me reading the last 30 pages.
  • #63
  • Oct 21, 2014 5:17am Oct 21, 2014 5:17am
Quoting vlady1974
The thread is now open to discussion.
My reading has the impression that presence of TZ is a signal for a high probability trade, and it's more profitable to trade counter-trend at a lower timeframe. Is this sensible?
When in doubt, HEDGE
  • #64
  • Oct 21, 2014 5:27am Oct 21, 2014 5:27am
Quoting vlady1974
{quote} Hey Smallcat! Ephisi is right, it doesn't matter which time frames you choose. As long as you check higher time frames as well. There is a tip here in how I used to trade it in earlier times. Not to say it's no longer valid but I call it a scalping method now and my objectives are longer term. Now that we all understand what an Uneven TZ is (basically a split Left and Right region), then common sense will tell us that the Left Side represents the PAST within h bars. We can set this within either FreeFox's indicator or Kprsa's indicator (Kprsa's...
can kprsa's indicator have both same value for left and right? Also my kprsa indicator always flash at interval and disappear immediately, making me to see anything on it. Is it normal? i doubt. How will it be read? .
Again, please is there any freefox indicator that has an alarm when new zones are being formed, so that for those that wish to monitor multiple time frame can easily be monitored.
Thanks very much for your time.
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #65
  • Oct 21, 2014 5:44am Oct 21, 2014 5:44am
Quoting adeforex
{quote} can kprsa's indicator have both same value for left and right? Also my kprsa indicator always flash at interval and disappear immediately, making me to see anything on it. Is it normal? i doubt. How will it be read? . Again, please is there any freefox indicator that has an alarm when new zones are being formed, so that for those that wish to monitor multiple time frame can easily be monitored. Thanks very much for your time.
Yes, you can select h_left=h_right.
If that is all you need, you can try the older version (you can find all versions on the similarity thread), and see whether you still have a problem.
k
  • #66
  • Oct 21, 2014 6:05am Oct 21, 2014 6:05am
Quoting vlady1974
#2 Transient vs Recurrent Transient Zone: Price Action will not return to this zone defined by h and X(t0) Recurrent Zone: Price Action will return to the zone that is NOT TRANSIENT. Let's simplify this. In the original definitions we are told that within the High and Low of a price bar, there would be Transient and Recurrent Prices. We therefore need a way to isolate or filter the Transient prices from the Recurrent prices One useful way is to look to the left and right of the bar in focus We are looking to see if a bar to the left has breached...
Hi Vlady,
Sorry, my brain is not so fast. Please see image below, do i understand it right ?

*) the bottom zone yellow+blue is the transient zone ?
*) the zone above it (red) is the recurrent zone ?
*) Let's say the candle number 2 to the left (cyan) has a low = high of focus bar. Can we still count it as 4 bars on the left that breached Hi/Lo ?
*) I get 4 bars on the right (purple) that breached Hi/Lo. But you said it is 3 (if i understand it correctly). Do i missed something ?

Thanks
Attached Image
  • #67
  • Oct 21, 2014 6:13am Oct 21, 2014 6:13am
Quoting vlady1974
{quote} Hey Smallcat! Ephisi is right, it doesn't matter which time frames you choose. As long as you check higher time frames as well. There is a tip here in how I used to trade it in earlier times. Not to say it's no longer valid but I call it a scalping method now and my objectives are longer term. Now that we all understand what an Uneven TZ is (basically a split Left and Right region), then common sense will tell us that the Left Side represents the PAST within h bars. We can set this within either FreeFox's indicator or Kprsa's indicator (Kprsa's...
Thank you Vlady, great information.

Quoting vlady1974
1st discussion point today: I put the poll up on the first day/first page to gauge whether readers were beginners or not and now there are 34 intermediates vs 24 beginners. Wow! My original intention was to help the beginners but if people want to talk advanced stuff, I am happy to. Just a caveat about "advanced" - I am just as much a beginner as the next "advanced" trader. There are a few now that have their own style and method which works. I don't want to be labelled an "expert" on advanced stuff because frankly I know alot of you privately are...
It is difficult to define a "beginner" or "intermediate" for me. I traded forex from some years ago, but i still feel that i am a beginner in forex
  • #68
  • Oct 21, 2014 6:33am Oct 21, 2014 6:33am
Quoting smallcat
It is difficult to define a "beginner" or "intermediate" for me. I traded forex from some years ago, but i still feel that i am a beginner in forex
Me too, definitely a beginner in this field..

Still learning correlation between Transient Zone and Market Profile.. so far not bad..

Attached Image (click to enlarge)
Click to Enlarge Name: Market Profile and Transient Zones correlation.png Size: 272 KB


Best Regard
MTH
  • #69
  • Oct 21, 2014 6:41am Oct 21, 2014 6:41am
Quoting smallcat
{quote} Hi Vlady, Sorry, my brain is not so fast. Please see image below, do i understand it right ? *) the bottom zone yellow+blue is the transient zone ? *) the zone above it (red) is the recurrent zone ? *) Let's say the candle number 2 to the left (cyan) has a low = high of focus bar. Can we still count it as 4 bars on the left that breached Hi/Lo ? *) I get 4 bars on the right (purple) that breached Hi/Lo. But you said it is 3 (if i understand it correctly). Do i missed something ? Thanks {image}
I just began reading, but I was thinking this is reccurent: http://www.forexfactory.com/attachme...7&d=1413029145
  • #70
  • Oct 21, 2014 6:41am Oct 21, 2014 6:41am
Quoting Kiads
{quote} Me too, definitely a beginner in this field.. Still learning correlation between Transient Zone and Market Profile.. so far not bad.. {image} Best Regard MTH
Wow! That's a great idea! Haven't looked at that from a graphical point of view. You should explore it further!
What if Volume increases at a cluster of price levels where there have been multiple TZs in the recent past (also in smaller tfs)?
Anything that will increase the probability is gonna be good!
A pip is only worth it if you know how much you risked to earn it
  • #71
  • Oct 21, 2014 6:47am Oct 21, 2014 6:47am
Quoting Kiads
{quote} Me too, definitely a beginner in this field.. Still learning correlation between Transient Zone and Market Profile.. so far not bad.. {image} Best Regard MTH
Nice job! I have the same template!! So far.. all tp hit
  • #72
  • Oct 21, 2014 6:56am Oct 21, 2014 6:56am
Quoting vlady1974
{quote} Wow! That's a great idea! Haven't looked at that from a graphical point of view. You should explore it further! What if Volume increases at a cluster of price levels where there have been multiple TZs in the recent past (also in smaller tfs)? Anything that will increase the probability is gonna be good!
still learning simple concept My Friend, Market Profile somehow pointing 'balance area/even zone (POC)' while Transient Zone pointing 'imbalance area/uneven zone'
and my h for M15 TF is 14 or 15 and that equal to 30 +1 mid bar/candle or close to 8 hours of market session.

Best Regard
MTH
  • #73
  • Oct 21, 2014 6:59am Oct 21, 2014 6:59am
Quoting smallcat
{quote} Hi Vlady, Sorry, my brain is not so fast. Please see image below, do i understand it right ? *) the bottom zone yellow+blue is the transient zone ? *) the zone above it (red) is the recurrent zone ? *) Let's say the candle number 2 to the left (cyan) has a low = high of focus bar. Can we still count it as 4 bars on the left that breached Hi/Lo ? *) I get 4 bars on the right (purple) that breached Hi/Lo. But you said it is 3 (if i understand it correctly). Do i missed something ? Thanks {image}
Sorry for jumping in
*)Yes
*)Yes
*)Your numbering is correct, thats how you count them
I want more brain power!
  • #74
  • Oct 21, 2014 7:02am Oct 21, 2014 7:02am
Quoting Kiads
{quote} Me too, definitely a beginner in this field.. Still learning correlation between Transient Zone and Market Profile.. so far not bad.. {image} Best Regard MTH
Great idea Kiads. Trading away from uneven zones to the point of control. Market profile indi is free for mt?
  • #75
  • Oct 21, 2014 7:03am Oct 21, 2014 7:03am
Quoting tradur
{quote} I just began reading, but I was thinking this is reccurent: http://www.forexfactory.com/attachme...7&d=1413029145
What is this then? Mostly when I see this the price returns to it later on.
  • #76
  • Oct 21, 2014 7:04am Oct 21, 2014 7:04am
Quoting smallcat
{quote} Hi Vlady, Sorry, my brain is not so fast. Please see image below, do i understand it right ? *) the bottom zone yellow+blue is the transient zone ? *) the zone above it (red) is the recurrent zone ? *) Let's say the candle number 2 to the left (cyan) has a low = high of focus bar. Can we still count it as 4 bars on the left that breached Hi/Lo ? *) I get 4 bars on the right (purple) that breached Hi/Lo. But you said it is 3 (if i understand it correctly). Do i missed something ? Thanks {image}
I agree with CFD

1) Yes
2) Yes, but I would add that everything not in the box is recurrent for h bars only
3) Yes, my eyes are getting dim - my fault! Any bar that pierces the Focus Bar's Hi/Lo is counted.
A pip is only worth it if you know how much you risked to earn it
  • #77
  • Oct 21, 2014 7:07am Oct 21, 2014 7:07am
Quoting Kiads
{quote} still learning simple concept My Friend, Market Profile somehow pointing 'balance area/even zone (POC)' while Transient Zone pointing 'imbalance area/uneven zone' and my h for M15 TF is 14 or 15 and that equal to 30 +1 mid bar/candle or close to 8 hours of market session. Best Regard MTH
hi...interesting......could you download your market profile indicator please?
TY in advance
  • #78
  • Oct 21, 2014 7:10am Oct 21, 2014 7:10am
Look for a market profile with VA and DO, that way you can predict better which way the trend goes for the day.
  • #79
  • Oct 21, 2014 7:11am Oct 21, 2014 7:11am
Quoting tradur
{quote} What is this then? Mostly when I see this the price returns to it later on.
Nice charts. I like how you have higher timeframe bars superimposed on the 5M
You're starting to highlight a future topic of discussion. You're noticing what happens to price after it moves out of the zone.
There are points where the zone is returned to and some where it is taken out.

The question to answer is "is there a trading opportunity?" or "what opportunities have a high probability trading result?"
A pip is only worth it if you know how much you risked to earn it
  • #80
  • Oct 21, 2014 7:14am Oct 21, 2014 7:14am
Quoting tradur
{quote} What is this then? Mostly when I see this the price returns to it later on.
Also, I would suggest setting "Combine Zones" to False and see how that serves you.
A pip is only worth it if you know how much you risked to earn it
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