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  • #7,561
  • Mar 11, 2015 8:38pm Mar 11, 2015 8:38pm
oh the long block. my mind went straight to motors. if you read the thread why didn't you say extended cz? then we all would of known what you were talking about. the purpose of the extended cz is just that, its a "qualified" cz that continues in that price range.
  • #7,562
  • Mar 11, 2015 11:17pm Mar 11, 2015 11:17pm
Quoting greentruck
oh the long block. my mind went straight to motors. if you read the thread why didn't you say extended cz? then we all would of known what you were talking about. the purpose of the extended cz is just that, its a "qualified" cz that continues in that price range.
Thank you for your explanation.

It is just a language problem. I remember the extended consolidation zone by the shape of it.
  • #7,563
  • Mar 12, 2015 3:21am Mar 12, 2015 3:21am
Quoting missH
{quote} Thank you for your explanation. It is just a language problem. I remember the extended consolidation zone by the shape of it.
Also price is sometimes attracted back into the same range after breaking out (sometimes). its easier to notice this if you extend the 'block' when going back over the charts to pick out czs
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  • #7,564
  • Mar 12, 2015 7:10pm Mar 12, 2015 7:10pm
Quoting gjgjg
{quote} Also price is sometimes attracted back into the same range after breaking out (sometimes). its easier to notice this if you extend the 'block' when going back over the charts to pick out czs {image}
Thank you gigig!
It is helpful!
  • #7,565
  • Mar 14, 2015 4:14pm Mar 14, 2015 4:14pm
Quoting missH
{quote} It dosen't matter. If you don't know the function of the long block, I guess maybe it is not a important part. Thank you!
If the CZ is tight, next a clean breakout, the first pullback towards the extended CZ implies high supply or demand. In other words, strong support or resistance in the extended CZ. You can watch price action in the extended CZ for confirmation, for example an engulfing bar or pattern on a m5 or maybe m1 timeframe in the direction of the breakout. This counts not only for CZs but also for inside bars with a clean breakout. That is what a m15 CZ often is, two inside or small bars on a h4 timeframe.

You can also trade towards the extended CZ if the breakout was clean, understanding price movement is recommended. Or you can just trade the breakout of the CZ as described by Forexhard. Whatever suits you best.
  • #7,566
  • Mar 15, 2015 6:43pm Mar 15, 2015 6:43pm
Quoting GU-Night
{quote} If the CZ is tight, next a clean breakout, the first pullback towards the extended CZ implies high supply or demand. In other words, strong support or resistance in the extended CZ. You can watch price action in the extended CZ for confirmation, for example an engulfing bar or pattern on a m5 or maybe m1 timeframe in the direction of the breakout. This counts not only for CZs but also for inside bars with a clean breakout. That is what a m15 CZ often is, two inside or small bars on a h4 timeframe. You can also trade towards the extended...
Thank you Gu-Night!

Your explanation of " an engulfing bar or pattern on a m5 or maybe m1 timeframe in the direction of the breakout" is very helpful!
  • #7,567
  • Mar 21, 2015 3:32pm Mar 21, 2015 3:32pm
Just want to give a HUGE THANKS to Xux99, Forexhard and all of the contributors here. I have achieved a great deal with what I've learned here.

Solutions ONLY!!!
  • #7,568
  • Apr 8, 2015 5:42am Apr 8, 2015 5:42am
For what it's worth let me flag my involvement with this method.

After years of messing around with systems and indicators trying to predict the market's next move I re-visited a London Breakout strategy I'd first looked at five years ago. It transformed my trading. I've averaged a solid 50 pips a day for the last six months and my account has grown at long last.

This method is a close relative and whilst there is a certain amount of overlap with London opening sessions it gives me the opportunity to benefit from moves on more pairs and throughout the day. Having dummy traded it for a while my live results are going well.

Thanks to everyone who has contributed. I seem to have emerged from a very expensive, long, fog.
  • #7,569
  • Apr 12, 2015 5:19am Apr 12, 2015 5:19am
Quoting vikinghelmet
...
After years of messing around with systems and indicators trying to predict the market's next move I re-visited a London Breakout strategy I'd first looked at five years ago. ......
Would you kindly describe, which of the many LO BO threads this was?

Thanks
  • #7,570
  • Apr 16, 2015 9:56am Apr 16, 2015 9:56am
Quoting Forex37
{quote} Would you kindly describe, which of the many LO BO threads this was? Thanks
Nothing from Forex Factory itself, although I'm sure there's masses relating to it on here.

I think I started with London Forex Rush and one other (possibly one of Hector DeVille's methods) and forgot all about them. Re-visiting my notes a while ago I trawled the net and found numerous similar methods, most setting out the same 'rules' and i settled on a variation that uses the high/low of the last 3 candles prior to London open rather than all the candles from midnight onwards.

Anyway, that ticks along nicely and the CZ principles mean I can be active during the rest of the day.
  • #7,571
  • Apr 18, 2015 5:37am Apr 18, 2015 5:37am
Quoting vikinghelmet
For what it's worth let me flag my involvement with this method. After years of messing around with systems and indicators trying to predict the market's next move I re-visited a London Breakout strategy I'd first looked at five years ago. It transformed my trading. I've averaged a solid 50 pips a day for the last six months and my account has grown at long last. This method is a close relative and whilst there is a certain amount of overlap with London opening sessions it gives me the opportunity to benefit from moves on more pairs and throughout...
The CZ method and the very popular London Breakout thread here on FF use Martingaling as an integral part of the strategy. Do you do this as well?
You are in a maze of twisty little passages, all alike.
  • #7,572
  • Apr 20, 2015 7:02am Apr 20, 2015 7:02am
Not exactly. If a London Open Breakout goes against me, I'll take the trade in the opposite direction if the high/low is taken out. Most of the time I recover my loss. On occasions I end up losing both trades but its not common. However I don't deviate from my original trade size.

I've not undertaken this process on CZ yet as I'm still feeling my way.
  • #7,573
  • Edited 8:58pm Apr 27, 2015 8:38pm | Edited 8:58pm
Here is a nice method to pair with SSBO trade setups.

Check it out!!!

http://www.forexfactory.com/showthread.php?t=140130
Attached File(s)
File Type: pdf The NickB Method Master Candles.pdf   376 KB | 2,117 downloads
Solutions ONLY!!!
  • #7,574
  • Apr 27, 2015 9:54pm Apr 27, 2015 9:54pm
for example, the yellow boxes are master bars (they engulf at least the next four bars)

Play the breakout such as one would CZs
Attached Image (click to enlarge)
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  • #7,575
  • Apr 27, 2015 10:00pm Apr 27, 2015 10:00pm
here is a master candle indicator
Attached File(s)
File Type: ex4 Master_Candle_v2 mod.ex4   8 KB | 1,143 downloads
Solutions ONLY!!!
  • #7,576
  • May 8, 2015 3:18am May 8, 2015 3:18am
Quoting BillYon
here is a master candle indicator {file}
The master candle approach looks very promising. Would be interesting to have this coded into an EA to check the max trade set reversals needed. Visually I have not seen more than 4 on EU over the last approx. 100 master candles. Unfortunately, I have no coding skills.
  • #7,577
  • May 8, 2015 8:30am May 8, 2015 8:30am
Quoting SputnikX
{quote} The master candle approach looks very promising. Would be interesting to have this coded into an EA to check the max trade set reversals needed. Visually I have not seen more than 4 on EU over the last approx. 100 master candles. Unfortunately, I have no coding skills.


Looks even more promising when TP= the size of the master candle. I see no more than a very RARE 3 set reversals on hourly charts since Jan 1st...

Yes that would be great!!! Coders
Solutions ONLY!!!
  • #7,578
  • May 22, 2015 2:37am May 22, 2015 2:37am
optimize...
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  • #7,579
  • Jun 1, 2015 7:26am Jun 1, 2015 7:26am
is this thread dead ?
  • #7,580
  • Jun 14, 2015 10:41pm Jun 14, 2015 10:41pm
Quoting traderbynite
is this thread dead ?

NO

We all busy draining banks...
Solutions ONLY!!!
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