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Trading the middle TZ's

  • #321
  • Mar 17, 2015 8:35am Mar 17, 2015 8:35am
Quoting jgadefelth
{quote} you are using a stop of 10 to get a target of 20 pips ? Best regards
yes
Time always comes before price
  • #322
  • Mar 17, 2015 8:55am Mar 17, 2015 8:55am
Quoting fxrabbi
{quote} yes

This sounds great i hope also Albert will follow you this must be mutch better then to have a stop then is bigger then your targets here.

Best regards
  • #323
  • Mar 17, 2015 6:56pm Mar 17, 2015 6:56pm
I like this approach, but...


despite the fancy TZ indicators, this strategy is nothing more then really simply buying the cross-close over the Donchian channel bands.
I see some logic here... in realy old Donchian theory the buy signal is created when the price action breaks through and closes above the upper band and vice versa.

Really basic system, which is known for dozens of years (maybe from 50ties) and not tradable in the long run.
I think more sophisticated filter will be needed to survive.




http://www.investopedia.com/articles...dschannels.asp
  • #324
  • Mar 18, 2015 12:40am Mar 18, 2015 12:40am
EJ +5, 5min chart
Attached Image (click to enlarge)
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  • #325
  • Mar 18, 2015 12:48am Mar 18, 2015 12:48am
Quoting jeetvirk
EJ +5, 5min chart {image}
Is that a spread of 9?
My help is in the name of the Lord who made heaven and earth.
  • #326
  • Mar 18, 2015 1:38am Mar 18, 2015 1:38am
Quoting Albertdkpllh
{quote} Is that a spread of 9?
This is .9 it is ECN account.
  • #327
  • Mar 18, 2015 1:45am Mar 18, 2015 1:45am
Quoting Albertdkpllh
{quote} Is that a spread of 9?
Albert what do you say about colombinos post ?


Best regards
  • #328
  • Edited 5:14am Mar 18, 2015 3:23am | Edited 5:14am
Quoting jeetvirk
EJ +5, 5min chart {image}
Weldone, I don't do Frankfurt Fakys, just coming to the party.
Time always comes before price
  • #329
  • Mar 18, 2015 5:30am Mar 18, 2015 5:30am
GJ +5 done for today
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  • #330
  • Mar 18, 2015 5:39am Mar 18, 2015 5:39am
EU +5 on 5 min chart
Attached Image (click to enlarge)
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  • #331
  • Mar 18, 2015 5:44am Mar 18, 2015 5:44am
Quoting jgadefelth
{quote} Albert what do you say about colombinos post ? Best regards
He is right to an extent. Others use the TZ tool completely differently, which ever way you it is used must be based on the probabilities associated with the TZs. The probality that the MTZ will be revisited by price is a lot higher than otherwise. I chose the opposite because I realized the tendency for price to continue in the its original path was much greater than it turning around once it started creating an MTZ. U really don't need a strong filter like he said to succeed with this method. You need good money management. Anyway add the this indi to any trading system and tell me if you can't trade it successfully with good MM.

Thank you.
My help is in the name of the Lord who made heaven and earth.
  • #332
  • Mar 18, 2015 6:03am Mar 18, 2015 6:03am
Quoting Albertdkpllh
{quote} He is right to an extent. Others use the TZ tool completely differently, which ever way you it is used must be based on the probabilities associated with the TZs. The probality that the MTZ will be revisited by price is a lot higher than otherwise. I chose the opposite because I realized the tendency for price to continue in the its original path was much greater than it turning around once it started creating an MTZ. U really don't need a strong filter like he said to succeed with this method. You need good money management. Anyway add...

what other system do i need or filters for this ? like EMA for trend ?

What is good money management risking small like 2 percent pertrade and a stop of 10 and a target for 20 for example ?

Best regards
  • #333
  • Mar 18, 2015 7:49am Mar 18, 2015 7:49am
well we could agree that TZ zone is ploted every time the candle closes over the donchian band, where TZ h=donchian lenght.
just plot donchian channel with lenght 8 over the chart with TZ with h=8
signals are equal
this way you can make quick visual backtesting as much in history as much you want - buy every time the candle closes over the up band and vice versa

with forwardtesting the H1 or 15min timeframe, you would need many months to say if this method is tradable in the long run or not, 10 days is realy not enough,
with donchian channel you can make your own judgment in couple of minutes or hours... and as I see.. if we would take everysingle signal we would end up in loss, no matter how the MM will be set up
anyway i agree that according to the donchian theory the Alberts approach is more rational, then the opposite use of TZ zones (hoping that the price will come back to the zone)
Attached File(s)
File Type: ex4 Donchian Bands.ex4   3 KB | 413 downloads
  • #334
  • Mar 22, 2015 5:18am Mar 22, 2015 5:18am
Quoting colombino
well we could agree that TZ zone is ploted every time the candle closes over the donchian band
You just destroyed all the magic behind this method
  • #335
  • Mar 23, 2015 3:57am Mar 23, 2015 3:57am
Hi Friends where is every one. missed first entry.

GU +11
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  • #336
  • Mar 23, 2015 4:02am Mar 23, 2015 4:02am
Quoting jeetvirk
Hi Friends where is every one. missed first entry. GU +11 {image}
You are really nailing it!!
congrats to your green pippers
  • #337
  • Mar 23, 2015 4:21am Mar 23, 2015 4:21am
GJ out @BE
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  • #338
  • Mar 23, 2015 5:39am Mar 23, 2015 5:39am
EU+10
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  • #339
  • Mar 23, 2015 9:08am Mar 23, 2015 9:08am
Quoting jeetvirk
EU+10 {image}
Wooow congrats.
My help is in the name of the Lord who made heaven and earth.
  • #340
  • Mar 23, 2015 9:27am Mar 23, 2015 9:27am
Just an observation: Do you agree that the higher the H value the better the chances of the trade continuing in that direction.
My help is in the name of the Lord who made heaven and earth.
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