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Trading the middle TZ's

  • #81
  • Mar 9, 2015 12:48am Mar 9, 2015 12:48am
Quoting maxtill
Hi Albertdkpllh I want to ask one more question, if you make first transaction -23 pips in one of day what you will do ? Will you do more transaction for make 10 pips in profit?
Hi, Fortunately I had more opportunities in other markets. I closed the day +30pips net.
My help is in the name of the Lord who made heaven and earth.
  • #82
  • Mar 9, 2015 12:50am Mar 9, 2015 12:50am
Quoting fxforever
{quote} Hi Albert! What's parameters of MA you use on yours screens? thanks beforehand.
21 EMA. I have taken it off my chart.
My help is in the name of the Lord who made heaven and earth.
  • #83
  • Mar 9, 2015 12:54am Mar 9, 2015 12:54am
Good morning. Did anyone trade these.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 51 KB
Click to Enlarge Name: GBPAUDH1.png Size: 52 KB
My help is in the name of the Lord who made heaven and earth.
  • #84
  • Mar 9, 2015 2:03am Mar 9, 2015 2:03am
My first trades for the day
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 50 KB
Click to Enlarge Name: GBPUSDH1.png Size: 50 KB
My help is in the name of the Lord who made heaven and earth.
  • #85
  • Mar 9, 2015 2:33am Mar 9, 2015 2:33am
I finded nothing about stop-loss, this topic. Are You the stop?
  • #86
  • Mar 9, 2015 2:46am Mar 9, 2015 2:46am
Quoting Albertdkpllh
My first trades for the day {image} {image}
Hi Albert What settings u r using apart from H-8, b,cuz i don't have signal on my GU chart.

thanks

regards
  • #87
  • Mar 9, 2015 2:55am Mar 9, 2015 2:55am
Quoting jeetvirk
{quote} Hi Albert What settings u r using apart from H-8, b,cuz i don't have signal on my GU chart. thanks regards
No other settings. Just H=8. You will notice that the current candle went down enough to clear the zone.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 41 KB
My help is in the name of the Lord who made heaven and earth.
  • #88
  • Mar 9, 2015 2:58am Mar 9, 2015 2:58am
Quoting Andrej07
I finded nothing about stop-loss, this topic. Are You the stop?
Yes I use a stop loss. I set mine to the low or high of the latest 8 candles
My help is in the name of the Lord who made heaven and earth.
  • #89
  • Mar 9, 2015 3:06am Mar 9, 2015 3:06am
EJ +10 Done for the day
  • #90
  • Mar 9, 2015 3:07am Mar 9, 2015 3:07am
Quoting Albertdkpllh
My first trades for the day {image} {image}
EJ +10. waiting for GU
My help is in the name of the Lord who made heaven and earth.
  • #91
  • Mar 9, 2015 3:08am Mar 9, 2015 3:08am
Quoting Albertdkpllh
{quote} Yes.
Isn't every incomplete zone brown? If so, the zone can be both recurrent as well as transient. And if that is so couldn't you just go long as well as short?

But I'm missing something here. Could you you please explain what it is that I'm missing? (And don't say intelligence because that's apparent.)
  • #92
  • Mar 9, 2015 3:15am Mar 9, 2015 3:15am
Quoting Anusragger
{quote} Isn't every incomplete zone brown? If so, the zone can be both recurrent as well as transient. And if that is so couldn't you just go long as well as short? But I'm missing something here. Could you you please explain what it is that I'm missing? (And don't say intelligence because that's apparent.)

Zone can only be incomplete (PTZ), h-transient or h-recurrent(h-zone will disappear)
Solutions ONLY!!!
  • #93
  • Mar 9, 2015 3:19am Mar 9, 2015 3:19am
Quoting Albertdkpllh
My first trades for the day {image} {image}
+10 from GU
Attached Image (click to enlarge)
Click to Enlarge Name: Ghana FX MT4 Terminal.jpg Size: 32 KB
My help is in the name of the Lord who made heaven and earth.
  • #94
  • Mar 9, 2015 3:22am Mar 9, 2015 3:22am
Quoting Anusragger
{quote} Isn't every incomplete zone brown? If so, the zone can be both recurrent as well as transient. And if that is so couldn't you just go long as well as short? But I'm missing something here. Could you you please explain what it is that I'm missing? (And don't say intelligence because that's apparent.)
Hmmm as much as possible i want to avoid the use of the words Transient and Recurrent.
My help is in the name of the Lord who made heaven and earth.
  • #95
  • Mar 9, 2015 3:28am Mar 9, 2015 3:28am
Now lets take a look at this pair. I can tell that an MTZ will be formed or not even without the indicator. Assuming the current candle closes well above the line a MTZ will be formed. Thats when i take the buy trade and manage it. The line here is drawn above the high of the latest H (8) candles.

Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 50 KB
My help is in the name of the Lord who made heaven and earth.
  • #96
  • Mar 9, 2015 3:36am Mar 9, 2015 3:36am
Since it's more probable that the "MTZ" will be cleared than becoming a true TZ, would it not be a better choice to trade back towards the forming zone if a candle closes above/below?
Solutions ONLY!!!
  • #97
  • Mar 9, 2015 3:47am Mar 9, 2015 3:47am
This looks pretty good thread. Thanks to OP for sharing this. I think I will start backtesting anytime soon. Good luck to you all. I'm gonna backtest in 4h chart and with 1% risk and 3:1 RR
  • #98
  • Mar 9, 2015 4:02am Mar 9, 2015 4:02am
I know my daily target is 10 pips but i can't see such sweet entries and pretend to be blind.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 50 KB
Click to Enlarge Name: EURUSDH1.png Size: 50 KB
My help is in the name of the Lord who made heaven and earth.
  • #99
  • Mar 9, 2015 4:03am Mar 9, 2015 4:03am
One sure trick i look out for is the size of the MTZ formed.
My help is in the name of the Lord who made heaven and earth.
  • #100
  • Mar 9, 2015 4:31am Mar 9, 2015 4:31am
Quoting Albertdkpllh
One sure trick i look out for is the size of the MTZ formed.
Meaning the wider the MTZ is, the better are the chances the move will continue?
Thanks.
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