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Trading the middle TZ's

  • #41
  • Mar 6, 2015 3:07am Mar 6, 2015 3:07am
Quoting Albertdkpllh
Good morning, my 1st trade for the day {image}
took me out at -28 pips. Took another entry opportunity but with a H = 8, to filter more of the weak trades.
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My help is in the name of the Lord who made heaven and earth.
  • #42
  • Mar 6, 2015 3:12am Mar 6, 2015 3:12am
Quoting Albertdkpllh
{quote} took me out at -28 pips. Took another entry opportunity but with a H = 8, to filter more of the weak trades. {image}
+ 20 pips
My help is in the name of the Lord who made heaven and earth.
  • #43
  • Mar 6, 2015 3:12am Mar 6, 2015 3:12am
Quoting Albertdkpllh
{quote} + 20 pips
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My help is in the name of the Lord who made heaven and earth.
  • #44
  • Mar 6, 2015 3:17am Mar 6, 2015 3:17am
Entered.
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My help is in the name of the Lord who made heaven and earth.
  • #45
  • Mar 6, 2015 4:07am Mar 6, 2015 4:07am
What do you mean by middle zone? How do you know when a zone appears it wil be a middle zone?
  • #46
  • Mar 6, 2015 4:22am Mar 6, 2015 4:22am
Quoting Albertdkpllh
{quote} + 20 pips
Me too, eurjpy +20pips.
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Time always comes before price
  • #47
  • Mar 6, 2015 4:35am Mar 6, 2015 4:35am
Quoting Albertdkpllh
{quote} Well Bill, Money management is a very tricky thing. I can't say use 1:1 or a fixed stoploss or the last swing high or low. The TZ's may present as turning points in themselves. I will exit the trade with a reversal M TZ thats for sure. Meaning an oposite entry signals I should be out of the trade.

Hi Albertdkpllh and all the old timers of similarity,

So we start again from scratch, don`t we? If you exit on a reversal MTZ that could be 50 or even 100 pips. So if you will be profitable with this method that would be thanks to discretion and money management not because of the method or transient zones itself.
  • #48
  • Mar 6, 2015 4:37am Mar 6, 2015 4:37am
Daily Target reached with another shot at eurusd for +20pips total +40pips.
thank you Albertdkpllh for sharing.
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Time always comes before price
  • #49
  • Mar 6, 2015 4:43am Mar 6, 2015 4:43am
Quoting Albertdkpllh
{quote} Try 18 for H

Thank you for your respond, but don't you think that I will miss a lot of trading opportunities, because I trade off of M15 timeframe, but I'm testing 4, 5, 6, 7 and 8 to see the best that will give valid setup. Thank you.
Time always comes before price
  • #50
  • Mar 6, 2015 4:46am Mar 6, 2015 4:46am
Quoting fxrabbi
Daily Target reached with another shot at eurusd for +20pips total +40pips. thank you Albertdkpllh for sharing. {image}
Hi Fxrabbi,
I noticed that you trade the 15min TF with an H of 6. You will have more stable opportunities if your H was bigger, sey, 18.

My help is in the name of the Lord who made heaven and earth.
  • #51
  • Mar 6, 2015 5:11am Mar 6, 2015 5:11am
Quoting kore2
{quote} Hi Albertdkpllh and all the old timers of similarity, So we start again from scratch, don`t we? If you exit on a reversal MTZ that could be 50 or even 100 pips. So if you will be profitable with this method that would be thanks to discretion and money management not because of the method or transient zones itself.
Hi Kore2, I will attempt explaining my trade management. Lets bare in mind that this style of trading aims at securing my 10 pips at all cost.
1. The picture explains one method of managing your loss.
2. I was using H=6, I have adjusted H to 8 for more convincing entries.

Thanks
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My help is in the name of the Lord who made heaven and earth.
  • #52
  • Mar 6, 2015 5:13am Mar 6, 2015 5:13am
Quoting Albertdkpllh
{quote} Hi Kore2, I will attempt explaining my trade management. Lets bare in mind that this style of trading aims at securing my 10 pips at all cost. 1. The picture explains one method of managing your loss. 2. I was using H=6, I have adjusted H to 8 for more convincing entries. Thanks {image}
Referring to this picture for my management of trades. Thanks.
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My help is in the name of the Lord who made heaven and earth.
  • #53
  • Mar 6, 2015 5:27am Mar 6, 2015 5:27am
"I will explain how to pick them out in real time soon. Better still let me know when you have a potential setup on one of the pairs that you will want me to monitor with you".



We are still looking forward to your promise to explain how to pick potential setup.

Thanking you in advance.
Time always comes before price
  • #54
  • Mar 6, 2015 5:48am Mar 6, 2015 5:48am
Potential setup for a sell. My H is 8. 12min to the close of the candle.
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My help is in the name of the Lord who made heaven and earth.
  • #55
  • Mar 6, 2015 5:51am Mar 6, 2015 5:51am
Quoting fxrabbi
"I will explain how to pick them out in real time soon. Better still let me know when you have a potential setup on one of the pairs that you will want me to monitor with you". We are still looking forward to your promise to explain how to pick potential setup. Thanking you in advance.
Now if the candle closes below the line we will have MTZ formed and i will sell there. However if the candle close above the line then it will be a regular TZ.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH1.png Size: 44 KB
My help is in the name of the Lord who made heaven and earth.
  • #56
  • Mar 6, 2015 6:01am Mar 6, 2015 6:01am
MTZ formed.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH1.png Size: 46 KB
My help is in the name of the Lord who made heaven and earth.
  • #57
  • Mar 6, 2015 6:02am Mar 6, 2015 6:02am
My today's trades up to now. Not bad.

I use a Trade Manager with SL = TP = 20 pips, after 10 pips profit BE, then TS 10 pips.


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  • #58
  • Edited 10:17am Mar 6, 2015 6:07am | Edited 10:17am
Bonus trade: eurusd +20 (trades NO.3)

see you on monday.
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Time always comes before price
  • #59
  • Mar 6, 2015 6:11am Mar 6, 2015 6:11am
Quoting Albertdkpllh
{quote} Now if the candle closes below the line we will have MTZ formed and i will sell there. However if the candle close above the line then it will be a regular TZ. {image}
Thank you...
Time always comes before price
  • #60
  • Mar 6, 2015 6:13am Mar 6, 2015 6:13am
Quoting Albertdkpllh
MTZ formed. {image}

Very clear now...hope to hear more from you. Thank you.
Time always comes before price
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