I'm happy to see the thread is back to its usual taste, i have also been studying the whole concept on charts, i am no good in mathematics tho.
Thank you all!
warm regards
Thank you all!
warm regards
No Risk No Reward
how i personally leverage TZ. to me tz's are related to market inefficiencies (a rapid directional move in price without previous price action close behind it.) its also closely related to s/d. the market has a tendency to fill these inefficiencies especially m tz's or top/bot tz's that have been broken. you can trade toward the source of the inefficient area or you can trade after the inefficiency has been filled or both. this is nothing new as people have been trading inefficiencies long before tz aside from the time factor. also if you are bad...
So basically the key is probability of filling the inefficiency. So the 97% figure, once matched in your settings can give you a crude sentiment in market direction no? If trading towards the inefficiency. Now trading away from the filled inefficiency, I have no idea on how to benefit from it.
S/D??? Standard deviation?
So my thought is since you have a high probability for filling "problems", you can build a one way grid system around it with a high win rate. like every 10 pips or so away from the "problem" you enter a trade in it's direction and focus only on the one you are targeting until it has been hit. Managing the trade in the event of an actual transient zone is the key. Since they would be only 3% it may do justice just to cut the loss and continue.
Just brainstorming here.
thoughts?
Solutions ONLY!!!
- #624
- Edited 3:15pm Mar 4, 2015 10:18am | Edited 3:15pm
{quote} So basically the key is probability of filling the inefficiency. So the 97% figure, once matched in your settings can give you a crude sentiment in market direction no? If trading towards the inefficiency. Now trading away from the filled inefficiency, I have no idea on how to benefit from it. S/D??? Standard deviation? So my thought is since you have a high probability for filling "problems", you can build a one way grid system around it with a high win rate. like every 10 pips or so away from the "problem" you enter a trade in it's direction...
re: Now trading away from the filled inefficiency
one example is if your in a trend and you get a pullback to an inefficiency and it fills there is a good chance that trend will continue.
re:S/D
what people associate to Supply Demand
a grid is fine but for me personally i would only start it after i'm pretty sure of the direction.
also h can be dynamic
{quote} my stats do not achieve 97% or else i would not have to use a Confluence of price action re: Now trading away from the filled inefficiency one example is if your in a trend and you get a pullback to an inefficiency and it fills there is a good chance that trend will continue. re:S/D what people associate to Supply Demand a grid is fine but for me personally i would only start it after i'm pretty sure of the direction.
OK, I see that. So like filling gaps before continuing trend direction?
SO do you expect the full area to be filled or do you target the area right before the inefficiency?
So sure of direction? Candle pattern, indicator?
Solutions ONLY!!!
{quote} my stats do not achieve 97% or else i would not have to use a Confluence of price action re: Now trading away from the filled inefficiency one example is if your in a trend and you get a pullback to an inefficiency and it fills there is a good chance that trend will continue. re:S/D what people associate to Supply Demand a grid is fine but for me personally i would only start it after i'm pretty sure of the direction.
I'm glad to see some life being breathed back into Transient discussions! I'll be standing by waiting on FX Jay and others to get the ball rolling on New topics/perspectives
(MTZs has been discussed several times already so I don't see a point in talking about it unless someone has a different method of trading it)
A Positive Mind, and Positive Spirit lead to True Happiness
{quote} Personally for myself I prefer counter trading past confirmed mtz's, this method makes up a small part of my strategy. Below is a picture I stole (lol) from Lowphat if he doesn't mind
Solutions ONLY!!!
- #628
- Mar 4, 2015 2:40pm Mar 4, 2015 2:40pm
- Joined Oct 2011 | Status: Trader | 1,076 Posts
wow nice to see back on again with the smart traders wow very very good cannot wait to learn more thanks again
yatta yatta
Hey everyone,
Just dropping by to say hello after a long time away from FF. It's nice to see some old faces on here again
Personally I've been really busy since the end of last year helping to develop a solid system based on TZs. My aim is to strike a good balance between discretion - which you will always need to some extent to be successful - and automation, which is having the system alert you to opportunities, and suggesting the best places for entry, stops and targets based on statistical analysis of historical data.
It's not quite there yet so I'll continue to be absent for a while longer, but when it's finished I might drop some hints about it either here or in a new thread. I do agree with what FX-Jay said though, about not spoon-feeding people, for exactly the reasons he mentioned. Also, I won't be answering any PMs sorry, because I've barely enough time as it is these days.
The great thing about TZs is that there are many ways to trade them, and finding a way which suits your individual style should be entirely possible. I haven't even started thinking about MTZ systems yet, but it's great that people like Rparm are busy researching them and finding success with them. It proves that if you do your homework and work hard, good things will eventually come.
One more thing, I think it's obvious to most people now that TZs are NOT the holy grail, and some of the probabilities mentioned on other threads are misleading to say the least. I firmly believe that you will always need to apply some flexibility and discretion to any system you trade, and different people will get different results even when using the same system.
Good luck everyone, and bye for now
Just dropping by to say hello after a long time away from FF. It's nice to see some old faces on here again
Personally I've been really busy since the end of last year helping to develop a solid system based on TZs. My aim is to strike a good balance between discretion - which you will always need to some extent to be successful - and automation, which is having the system alert you to opportunities, and suggesting the best places for entry, stops and targets based on statistical analysis of historical data.
It's not quite there yet so I'll continue to be absent for a while longer, but when it's finished I might drop some hints about it either here or in a new thread. I do agree with what FX-Jay said though, about not spoon-feeding people, for exactly the reasons he mentioned. Also, I won't be answering any PMs sorry, because I've barely enough time as it is these days.
The great thing about TZs is that there are many ways to trade them, and finding a way which suits your individual style should be entirely possible. I haven't even started thinking about MTZ systems yet, but it's great that people like Rparm are busy researching them and finding success with them. It proves that if you do your homework and work hard, good things will eventually come.
One more thing, I think it's obvious to most people now that TZs are NOT the holy grail, and some of the probabilities mentioned on other threads are misleading to say the least. I firmly believe that you will always need to apply some flexibility and discretion to any system you trade, and different people will get different results even when using the same system.
Good luck everyone, and bye for now
You reap what you sow.
- #636
- Mar 5, 2015 3:22pm Mar 5, 2015 3:22pm
- Joined Oct 2011 | Status: Trader | 1,076 Posts
Nice to see that the thread isnt dead after all. By the way, Jay, how did it go with your original account you made 1000s% with? Still going strong?
I do agree with what FX-Jay said though, about not spoon-feeding people, for exactly the reasons he mentioned. The great thing about TZs is that there are many ways to trade them, and finding a way which suits your individual style should be entirely possible. It proves that if you do your homework and work hard, good things will eventually come.
I think it's obvious to most people now that TZs are NOT the holy grail, and some of the probabilities mentioned on other threads are misleading to say the least. I firmly believe that you will always need to apply some flexibility and discretion to any system you trade, and different people will get different results even when using the same system. Good luck everyone, and bye for now