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Transient Zones - Basics

  • #121
  • Oct 22, 2014 11:07am Oct 22, 2014 11:07am
Worried about strong trend???????????

DO YOU SEE IT???????

This is not a cherry picked chart, this is from today.
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  • #122
  • Oct 22, 2014 11:12am Oct 22, 2014 11:12am
Quoting SunSaltwater
Worried about strong trend??????????? DO YOU SEE IT??????? This is not a cherry picked chart, this is from today. {image}
It will still depend on people's objectives.
This is scalping at 15M levels.
Others will be day traders, etc etc.
A pip is only worth it if you know how much you risked to earn it
  • #123
  • Oct 22, 2014 11:14am Oct 22, 2014 11:14am
Quoting vlady1974
{quote} It will still depend on people's objectives. This is scalping at 15M levels. Others will be day traders, etc etc.
Zero difference, prices are fractal.

Pull up an hourly, daily, weekly, monthly, yearly chart, the same transient action is there.
  • #124
  • Oct 22, 2014 11:15am Oct 22, 2014 11:15am
told you
sell every 6
buy every 6

I dont need TZ zones to sell against the trend. I can do it random. better

Quoting SunSaltwater
{quote} Zero difference, prices are fractal. Pull up an hourly, daily, weekly, monthly, yearly chart, the same transient action is there.
My Best Trade is Next Trade!
  • #125
  • Oct 22, 2014 11:17am Oct 22, 2014 11:17am
you kidding
dont you?
in that trend any spike takes around 20 pips slippage on your SL

Quoting SunSaltwater
Worried about strong trend??????????? DO YOU SEE IT??????? This is not a cherry picked chart, this is from today. {image}
My Best Trade is Next Trade!
  • #126
  • Oct 22, 2014 11:19am Oct 22, 2014 11:19am
Quoting MAM.Trader
you kidding dont you? in that trend any spike takes around 20 pips slippage on your SL {quote}
I don't think we are looking at the same thing, I really don't.
  • #127
  • Oct 22, 2014 11:19am Oct 22, 2014 11:19am
Quoting SunSaltwater
{quote} Zero difference, prices are fractal. Pull up an hourly, daily, weekly, monthly, yearly chart, the same transient action is there.
I already know this mate. The point of this thread is to state the basics.
The similarity thread is for the pioneers.

Don't get me wrong, I'm liking your stuff.
Let's just make sure that those who haven't understood this yet don't go assuming they can now trade this with certainty.

Your eyes have been opened - I know the feeling!
But your objectives will never be the same as another's.
My point is that while you're essentially embracing the concept and you can make this work on a 15M.... someone out there will not.

In addition, Eurusdd has just mentioned in the Sim thread that you need to have a strategy for a trending market.
Your chart is drawn after the fact, you have no way of knowing in advance how a price will form.... i guess you could go lower to 5M.... but then is that the objective?

For me, I look at 1H and 4H... but I can tell you my setups have a higher probability of clearing to recurrent.
A pip is only worth it if you know how much you risked to earn it
  • #128
  • Oct 22, 2014 11:29am Oct 22, 2014 11:29am
I am trading full time 8 years
the amount of data I forgat is the amount data you know

it wont work. give a try
you wanna sell/buy every wick which has 6 bars gap on the left.

go on & trade. dont let me stop you

Quoting SunSaltwater
{quote} I don't think we are looking at the same thing, I really don't.
My Best Trade is Next Trade!
  • #129
  • Oct 22, 2014 11:31am Oct 22, 2014 11:31am
Quoting SunSaltwater
Worried about strong trend??????????? DO YOU SEE IT??????? This is not a cherry picked chart, this is from today. {image}
Yes my friend, I understand, but here when i try to learn how to walk, and you teach me how to drive a car, then I can do that with the whole victims scattered all over my road..
  • #130
  • Oct 22, 2014 11:35am Oct 22, 2014 11:35am
Forex Market
it has 2 states
1 wavie move
2 linear move

which ever you trade the other hunt you

Forex always wants to goto %50 while it has 2 opposite forces USD EUR / GBP USD / USD JPY
stock market different.its bulld to go north while companies built to make profit. this is its nature

but forex has 2 big forces to & those balance it. it is not unbalanced. it is balanced.
if it would be unbalanced it would be very easy to trade it
My Best Trade is Next Trade!
  • #131
  • Oct 22, 2014 12:13pm Oct 22, 2014 12:13pm
Hi to all
we can put parameter to make h is constant and put filter to TZ
as we can make condition which the focus candle Rang (from high to low ) equal at least half of the previous h range candles
also if at any candle Range half any number of previous h candle with TZ so we can draw TZ and consider the later h equal to the previous and the market will retrace at least the same number of h
I hope i discuss my vision well

Sorry for my Language
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #132
  • Oct 22, 2014 12:30pm Oct 22, 2014 12:30pm
can you pls ilustrate
Quoting Sasco_me
Hi to all we can put parameter to make h is constant and put filter to TZ as we can make condition which the focus candle Rang (from high to low ) equal at least half of the previous h range candles also if at any candle Range half any number of previous h candle with TZ so we can draw TZ and consider the later h equal to the previous and the market will retrace at least the same number of h I hope i discuss my vision well Sorry for my Language
My Best Trade is Next Trade!
  • #133
  • Oct 22, 2014 12:41pm Oct 22, 2014 12:41pm
Quoting MAM.Trader
can you pls ilustrate {quote}
we try to find h and change it all the time and the market when trending most of TZ are cleared before completing
so why we don't put filter to it as we draw only TZ when the range of the focus candle exceed the 1/2 of the range of the previous h candles
this is something like the psychology behind SHOOTING STAR and HUMMER as it is not need confirmation for trading SELL or BUY
and by this we create something NEW HIDDEN SHOOTING STAR and HIDDEN HUMMER
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #134
  • Oct 22, 2014 1:12pm Oct 22, 2014 1:12pm
Quoting MAM.Trader
I am trading full time 8 years the amount of data I forgat is the amount data you know it wont work. give a try you wanna sell/buy every wick which has 6 bars gap on the left. go on & trade. dont let me stop you {quote}
Don't get your aggressiveness at all, calm down matey.

I am not selling every bar that has a wick with a gap 6 bars to the left. There is obviously lots of discretion or we would all own private islands, jet planes, etc. I am merely trying to help beginners SEE how to start looking at the price movements with a massive amount of recurrent action happening. From this point creating an edge is indeed possible.

So strange, try to take valuable time out of my day to post simple to understand charts etc. that I feel was lacking in this thread and someone has to brag to me about their 8 years of full time trading and how much more knowledge than me they have without having a clue about me LOL. What a world we live in
  • #135
  • Edited 1:31pm Oct 22, 2014 1:20pm | Edited 1:31pm
Quoting Kiads
{quote} Yes my friend, I understand, but here when i try to learn how to walk, and you teach me how to drive a car, then I can do that with the whole victims scattered all over my road..
Don't trade a thing yet. Just do I what I said in previous posts. Draw the lines, boxes as they occur real time, watch how (in a very high percentage of the time) price comes back to clear these lines and boxes. Get a feel for days when we base / chop around and days when we trend. Don't make a single trade for days or weeks - just watch.

Then, open a live account, not a sim, you need skin in the game ;however, open a micro account where you are risking literally pennies per trade.

Watch price create transient zones, watch price erase those transient zones. No indicators, just price bars.

That's it, that is all you need to begin the framework to create an edge. Again are you guaranteed to become a billionaire, no idea but you will 100% learn a massive amount of how price moves as compared to loading your charts with indicators and other things to distract you from these price movements.
  • #136
  • Oct 22, 2014 1:44pm Oct 22, 2014 1:44pm
Quoting Kiads
{quote} Yes my friend, I understand, but here when i try to learn how to walk, and you teach me how to drive a car, then I can do that with the whole victims scattered all over my road..
  • #137
  • Oct 22, 2014 2:05pm Oct 22, 2014 2:05pm
Quoting SunSaltwater
{quote} Don't trade a thing yet. Just do I what I said in previous posts. Draw the lines, boxes as they occur real time, watch how (in a very high percentage of the time) price comes back to clear these lines and boxes. Get a feel for days when we base / chop around and days when we trend. Don't make a single trade for days or weeks - just watch. Then, open a live account, not a sim, you need skin in the game ;however, open a micro account where you are risking literally pennies per trade. Watch price create transient zones, watch price erase those...
Oh Ok My Friend, Thank You so much for your wise suggestion, I will learn to walk very carefully in the right side of this bumpy road, and will make sure that i'm not following blindly so many 'blind men' out there.. right..??
  • #138
  • Oct 22, 2014 2:17pm Oct 22, 2014 2:17pm
Quoting Kiads
{quote} Oh Ok My Friend, Thank You so much for your wise suggestion, I will learn to walk very carefully in the right side of this bumpy road, and will make sure that i'm not following blindly so many 'blind men' out there.. right..??
A pip is only worth it if you know how much you risked to earn it
  • #139
  • Oct 22, 2014 2:27pm Oct 22, 2014 2:27pm
Quoting vlady1974
{quote}
I take it Kiads is a professional trader and taking the piss?

Some strange people out there. I am going to just watch for a while and end the contribution, obviously not worth it.

Good luck out there.
  • #140
  • Oct 22, 2014 2:35pm Oct 22, 2014 2:35pm
Quoting SunSaltwater
{quote} I take it Kiads is a professional trader and taking the piss? Some strange people out there. I am going to just watch for a while and end the contribution, obviously not worth it. Good luck out there.
It's not about whether we are professional traders or not.
Post #1 - this is a beginner's thread for the purpose of explaining TZs.

You made a leap in your understanding, and you thought that it was worth sharing. Fantastic.
But from what I've read - as good as it is - you've made the assumption that your view of the world can be learned by others.

As an NLP practitioner, I can tell you it doesn't work that way - no matter how you think you've simplified it.
So I don't want you to take this the wrong way - you're on the right track.

But this isn't the Similarity Thread. Now that you've made progress, why not share over there and get some view from other peers?
There are many experienced TZ traders there. I'll see you there myself! But let's remind ourselves that we need to explain the concepts in small steps and let people post questions. If you find a way to trade it - great, but don't think it's the only way to trade this. You don't like indicators... great! Some do... they can't be ignored. You don't want to look at stats - great! Your loss, some do and there are some REALLY GOOD REASONS not to ignore stats.

I take your point that there could be more charts etc. You may have read that I don't have as much time on my hands to go and post loads of charts, especially during the day. So I thank you for your charts today - I really like them. If I can post more, I shall and follow your example.

I don't want you to go away - just be more understanding of other people's learning levels and always assume they're not as fast in picking things up as you.
And professionally, you shouldn't be recommending to any one to open a real account even in the rare case that it could be construed as financial advice.
This is just one of those things. Look forward to more contributions!
A pip is only worth it if you know how much you risked to earn it
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