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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.
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.
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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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!
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.
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!
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!!!
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.
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
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.
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.
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.
Here is a nice method to pair with SSBO trade setups.

Check it out!!!

www.forexfactory.com/showthread.php?t=140130
Attached File
File Type: pdf The NickB Method Master Candles.pdf   376 KB | 1,706 download
Solutions ONLY!!!
for example, the yellow boxes are master bars (they engulf at least the next four bars)

Play the breakout such as one would CZs
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Solutions ONLY!!!
here is a master candle indicator
Attached File
File Type: ex4 Master_Candle_v2 mod.ex4   8 KB | 887 downloads
Solutions ONLY!!!
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.
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!!!
optimize...
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is this thread dead ?
Quoting traderbynite
is this thread dead ?

NO

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