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Transient Zones - Basics

  • #421
  • Nov 2, 2014 4:49am Nov 2, 2014 4:49am
Quoting pip.monkey
Thankx for the enlighting posts of late – you people ROCK Eurusdd vlady1974 #####....Kiads....##### Rahimseven saver0
You are right mate, transient becomes recurrent, full stop /there. After that is another thing, other opportunity. So, it is exactly like "DS zone, we can Confirm it. Thanks
  • #422
  • Nov 3, 2014 12:45pm Nov 3, 2014 12:45pm
Hello Vlady et al.

I found Eurusdd's similarity thread last week and this one this weekend.

My head is spinning...

I've been trying to make heads OR tails of all this, but it's a slow process for an old fogey like me.

Hopefully I can get a little help here without anyone giving away any secrets...

I've been jumping back and forth between the threads. I've read this one through (and will again). I got through page 82 on "sim" thread then skipped up to 286, and read several PDF's that were attached.

Have a few questions I'm just not getting clear on. First one is in relation to this post/pic I've seen come up a time or two...

Quoting Dewachen77
{quote} Thanks Eurusdd. Another question: Lets say the white candle is the candle on next Monday (not closing yet). The price goes through region, and the region is now transient (even the candle is not closing yet). The area above it (dark green) becomes recurrent area, right ? So, we are waiting for the price goes far enough (up or down), then we put order with target some where in recurrent area ? Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-recurrent2.jpg Size: 32 KB


Quoting Eurusdd
{quote}exactly but only the region above is tradeable. Let the probability be on your side.
The wick on the central bar (guess it would be Friday's if this was dialy chart) sets up a potential TZ.
So then Eurusdd and others speak of price traveling through that region to recurrent area above then looking to trade back to transient.
But, it would seem to me that as soon as "Monday's" bar went up through the potential TZ then those prices would no longer be transient but recurrent and so there would be no transient zone to trade back to.

I'm obviously missing something...
  • #423
  • Nov 3, 2014 2:56pm Nov 3, 2014 2:56pm
Quoting spyderman
. But, it would seem to me that as soon as "Monday's" bar went up through the potential TZ then those prices would no longer be transient but recurrent and so there would be no transient zone to trade back to. I'm obviously missing something...
The transient zone probably moved up with the new candle
  • #424
  • Nov 3, 2014 3:04pm Nov 3, 2014 3:04pm
Quoting BlackStack
{quote} The transient zone probably moved up with the new candle

But then how would you ever get above it into the "recurrent" area so that you can sell back toward the TZ
  • #425
  • Nov 3, 2014 5:08pm Nov 3, 2014 5:08pm
Quoting spyderman
{quote} But then how would you ever get above it into the "recurrent" area so that you can sell back toward the TZ
You have to know beforehand where the "real deal" TZ or the recurrent area would be forming. If you didn`t know how would you trade back to it?
If you have a potential h-TZ it could still change and it would be recurrent. But if you have a recurrent area it will be recurrent for good.
K
Amen
  • #426
  • Nov 4, 2014 2:00am Nov 4, 2014 2:00am
"
Quoting vlady1974
{quote} Thanks Captain! I try my best. So much more to learn though! Look forward to December
"

good day vlady.....thanks for the thread once again......i want to ask...is there a newer version of the transient zone indicator....mine keeps disappearing....i have to switch timeframe before it appears again............
  • #427
  • Nov 4, 2014 3:28am Nov 4, 2014 3:28am
Quoting carbonado
"{quote}" good day vlady.....thanks for the thread once again......i want to ask...is there a newer version of the transient zone indicator....mine keeps disappearing....i have to switch timeframe before it appears again............
Hi Carbonado,

Cheers for the kind words. From what I can tell there is no new version of the transient zone. The disappearing act is known behaviour and the screen does have to be refreshed, particularly for higher timeframes or when price action clears a forming zone. It will be up to FreeFox to supply a new version if he has time to do so.

Alternatively, there are indicators from Kprsa and Sciurus that offer the same thing but visually different. I've attached Sciurus's indicator here and K's indicator is already in the attachments page (paperclip, top right of page).
Attached File(s)
File Type: ex4 Sciurus_recurrence_V1.7.ex4   22 KB | 1,102 downloads
A pip is only worth it if you know how much you risked to earn it
  • #428
  • Nov 4, 2014 4:10am Nov 4, 2014 4:10am
Quoting vlady1974
{quote} Hi Carbonado, Cheers for the kind words. From what I can tell there is no new version of the transient zone. The disappearing act is known behaviour and the screen does have to be refreshed, particularly for higher timeframes or when price action clears a forming zone. It will be up to FreeFox to supply a new version if he has time to do so. Alternatively, there are indicators from Kprsa and Sciurus that offer the same thing but visually different. I've attached Sciurus's indicator here and K's indicator is already in the attachments page...
Hi Vlady,

For completeness, here's mine too. Note that this is a NinjaTrader version, not MetaTrader! This is the one that gives bar statistics and shows UTZs. A new one that gives price level statistics will be available soon.

Cheers
Attached File(s)
File Type: zip TZBarAnalysis_V1.zip   4 KB | 798 downloads
You reap what you sow.
  • #429
  • Nov 4, 2014 4:27am Nov 4, 2014 4:27am
Quoting NorthTrader
{quote} Hi Vlady, For completeness, here's mine too. Note that this is a NinjaTrader version, not MetaTrader! This is the one that gives bar statistics and shows UTZs. A new one that gives price level statistics will be available soon. Cheers {file}
Thanks very much NT!
This is great because we're only 20 pages into this thread so hopefully people can read enough and get to attachments a lot sooner

p.s.
NT, Do you think you'll convert it to MT4 in the future?
A pip is only worth it if you know how much you risked to earn it
  • #430
  • Nov 4, 2014 5:11am Nov 4, 2014 5:11am
Quoting NorthTrader
{quote} Hi Vlady, For completeness, here's mine too. Note that this is a NinjaTrader version, not MetaTrader! This is the one that gives bar statistics and shows UTZs. A new one that gives price level statistics will be available soon. Cheers {file}
Thank you NT, i am learning Ninja, although i need more time to understand the coding in Ninja, because it uses C# (if i am not wrong), and i am weak in this new language, still learning. It is interesting, and i hope i can use both Ninja + R some day. This is a secure solution in my opinion
Good friends are more valuable than gold ...
  • #431
  • Nov 4, 2014 6:09am Nov 4, 2014 6:09am
As an aside, my time for the foreseable week will be severely limited on FF and trading due to work commitments, which sux!
There is a whole discussion going on the Sim Thread that is pertinent and in need of summarising here because it is valuable gold nuggets.

Thanks to FX-Jay, Rahim and Eurusdd for their recent contributions. They've let the cat out of the bag in terms of the "mystery" of TZ, but as a few of the seniors predicted, despite it being laid out there is still some confusion in the interpretation.

I've always thought the confusion occurs when a person tries to curve-fit the TZ ideas into their own personal trading personality, without first being able to apply the principle of h being completed. I get the sense that people still want a signal for entry rather than see a signal for exit. I am sure if we go through another deconstruction exercise with the latest updates, we'll get to a simplified way of understanding.

For example.... many people are getting hung up on the value of K..... when they haven't understood the trading opportunity of having h complete. That tells me more about that person/trader than their lack of understanding. It's not that their stupid or even lazy... but they have a personality need for complete information which ultimately leads to a fear of losing. This is a big hurdle in mindset. Note that FX-Jay had no knowledge of k as is currently being discussed but was still able to profit from the h-recurrent/h-transient logic.

It just strikes me as curious that even with everything laid out - interpretation is still the responsibility of the observer.
A pip is only worth it if you know how much you risked to earn it
  • #432
  • Nov 4, 2014 6:21am Nov 4, 2014 6:21am
Well said Vlady1974,

I was just able to understand a bit when FxJay posted a chart where he drew horizontal lines after the completion of a transient zone and then showed us that when that zone is broken in future we can expect price to come back with good probability(probably in the H we had set). we do have to find correct entry and exits. We can look for price action and candle formations..thats what I got so far..FxJay also stated that he does not trade this method. So all I am doing now is trying to set a good H value, looking for complete zones, drawing horizontal lines and waiting for price to break them...the three issues are correct H value, entry and exit.

Regards
  • #433
  • Nov 4, 2014 7:14am Nov 4, 2014 7:14am
Quoting vlady1974
... p.s. NT, Do you think you'll convert it to MT4 in the future?
Ah, sorry mate, I've never used MT4 and don't know how to code in it either. But my bar indicator is no different from the current MT4 indicators (from Freefox, kprsa and Sciurus) from what I can gather, so no problem. Just noticed there's another one now on the other thread from xixi!

I also want to spend less time coding and analysing, and more time trading from now. Sorry you're bogged down with work this week. That was me last week. It really sucks!
You reap what you sow.
  • #434
  • Edited 9:39am Nov 4, 2014 8:57am | Edited 9:39am
Quoting jackprobe
Hi, I borrow smallcat's image found here ....
About images in PM, I was too concentrate on trying to debug my TRZ indicator (still not finish yet, but better) and forget to upload images, so this caused confusion .... really sorry for that mate. After i read some last posts here and at similarity thread, i see image posted by pedma (look at his second target with green color zone) : http://www.forexfactory.com/showthre...57#post7844857

i am sure you know about this above link. I am very shocked. They are really the same one, oh my god .... (shame on me ). Look at this picture below i get from TRZ concept, compare to his image (he said that he combined Eurusdd's concepts). I have upload some pictures there, and here is one of them, sorry for my negligence ....

note: this image is still based on Firefox's. Just want to show you the samemilarity ...
Attached Image (click to enlarge)
Click to Enlarge Name: trz-EU-M30-2.jpg Size: 32 KB
  • #435
  • Edited 5:09pm Nov 4, 2014 4:52pm | Edited 5:09pm
Hi all, as a kind of noob, allow me to post this here, rather than in big league thread there...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY M15 Xixi TZ v.1.3 h=32 how to play top bottom TZ for noob like me.png Size: 313 KB


and for the strongest signal from TZ indicator the 'mid' zone.
you can expect continuation price movement between 50% to 300% of left 'wing' range.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY M15 Xixi TZ v.1.3 h=32 how to play mid TZ for noob like me 1.png Size: 272 KB


hope it help and best regards
and sorry if this is only 'elementary' matter for some of you..

MTH
  • #436
  • Nov 4, 2014 5:53pm Nov 4, 2014 5:53pm
Quoting Kiads
Hi all, as a kind of noob, allow me to post this here, rather than in big league thread there... {image} and for the strongest signal from TZ indicator the 'mid' zone. you can expect continuation price movement between 50% to 300% of left 'wing' range. {image} hope it help and best regards and sorry if this is only 'elementary' matter for some of you.. MTH
I wouldnt consider myself to be an elementary person but I appreciate the elementary explanations! I am late to the party.

Please dont stop. I am very thankful.
What's it all about? It's all about money.
  • #437
  • Nov 4, 2014 6:30pm Nov 4, 2014 6:30pm
Quoting Kiads
Hi all, as a kind of noob, allow me to post this here, rather than in big league thread there... {image} and for the strongest signal from TZ indicator the 'mid' zone. you can expect continuation price movement between 50% to 300% of left 'wing' range. {image} hope it help and best regards and sorry if this is only 'elementary' matter for some of you.. MTH
Thank you very much mate, combining TZ with other tools. Good idea and great result.
  • #438
  • Nov 4, 2014 7:08pm Nov 4, 2014 7:08pm
Quoting Kiads
Hi all, as a kind of noob, allow me to post this here, rather than in big league thread there... {image} and for the strongest signal from TZ indicator the 'mid' zone. you can expect continuation price movement between 50% to 300% of left 'wing' range. {image} hope it help and best regards and sorry if this is only 'elementary' matter for some of you.. MTH
Excellent work!
This is exactly the kind of trades and "added" utilisation that I use as well as some other folk.

Notice that the breakout also coincided with the breakout of an extended line from a previous TZ from the left.
I like the use of Fibs intelligently on the confirmed side of the TZ. Weekly pivots can also be used for directional bias.
I also agree with the use of non-existent "top" TZ as an indicator of continuation.
A pip is only worth it if you know how much you risked to earn it
  • #439
  • Nov 4, 2014 11:41pm Nov 4, 2014 11:41pm
Here's my new price level indicator for NinjaTrader. See this post for details.

Good luck
Attached File(s)
File Type: zip TZPriceAnalysis_V1.zip   3 KB | 693 downloads
You reap what you sow.
  • #440
  • Nov 5, 2014 12:10am Nov 5, 2014 12:10am
Quoting Kiads
Hi all, as a kind of noob, allow me to post this here, rather than in big league thread there... {image} and for the strongest signal from TZ indicator the 'mid' zone. you can expect continuation price movement between 50% to 300% of left 'wing' range. {image} hope it help and best regards and sorry if this is only 'elementary' matter for some of you.. MTH
Hi Kiads
you use what tool to paint the pink line and green line?
if you can share it
thx.
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