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Transient Zones - Basics

  • #721
  • Edited Jun 9, 2015 12:44am Jun 8, 2015 6:05pm | Edited Jun 9, 2015 12:44am
Quoting vlady1974
This is excellent reading. Found it last night. Applied it this morning to UJ (long btw). http://www.forexfactory.com/showthread.php?t=533279 How related do you think this is to TZ? How could Similarity/Dissimilarity be applied to it?
I can not see any relationship between open-close price of daily candle with TZ or Sim/Dissim. If we go lower TF (H1 or M30), may be we can get TZ zone or Sim/Dissim area, but how to get the relationship between Daily open/close candle and TZ or Sim/Dissim? could you please give a clue on this, Vlad ? Does it have relationship to "111111 / 1xxxxx "
Good friends are more valuable than gold ...
  • #722
  • Jun 9, 2015 5:06am Jun 9, 2015 5:06am
wellcome back here Glady, glad to see you.

have a look a this thread:

http://www.forexfactory.com/showthre...81#post8314681
Bottomless wonders spring from simple rules, which are repeated without end
  • #723
  • Jun 9, 2015 10:04am Jun 9, 2015 10:04am
Quoting vlady1974
One of the best things any trader can do is to walk away from all the noise and step back into complete focus. Removing the noise allows space and clarity to creep back in. It's amazing how much noise (opinions, methods, charts, indicators, products) can skew opinions. But in the 6 months that I've not visited FF since the dramas of 2014, I can definitely say it's been bloody worth it. ----- It's weird coming back to this thread today... it's good to see some people still posting. There is merit to the original concepts and the multitude of work...
I second you on that vlad. Walking away from the noise. I had said it several times that its difficult to trade properly when lurking around forums. Hence why I also stepped away. Nice seeing you online
  • #724
  • Jun 9, 2015 10:09am Jun 9, 2015 10:09am
Also as rightly said by vlad. TZ cannot be traded successfully as a standalone system. I have tried everything I can and I have come to the conclusion to use it as a tool and not a system. It can tell you the next level price will clear but its almost impossible to trade it with a stop loss. Trading without a stoploss is also not an option. So now I use it as entry and to manage my trades.
  • #725
  • Edited Jun 10, 2015 6:02am Jun 9, 2015 8:20pm | Edited Jun 10, 2015 6:02am
Quoting ephisi
Also as rightly said by vlad. TZ cannot be traded successfully as a standalone system. I have tried everything I can and I have come to the conclusion to use it as a tool and not a system. It can tell you the next level price will clear but its almost impossible to trade it with a stop loss. Trading without a stoploss is also not an option. So now I use it as entry and to manage my trades.
Hi mate, nice to see you again. Thanks for this good post. I am fully agree, trading without stoploss (hedging) is very dangerous, except we are really good and can dance with the market. I think only around 1-5% of traders can do that. I hope some day we can dance too
Good friends are more valuable than gold ...
  • #726
  • Jun 10, 2015 6:12am Jun 10, 2015 6:12am
Quoting ephisi
Also as rightly said by vlad. TZ cannot be traded successfully as a standalone system. I have tried everything I can and I have come to the conclusion to use it as a tool and not a system. It can tell you the next level price will clear but its almost impossible to trade it with a stop loss. Trading without a stoploss is also not an option. So now I use it as entry and to manage my trades.

Then there is no real benefit isn't it? Same perspective on grid trading. Looks great until you are on the opposite end of a runaway trend. So you add sentiment, atr and such and the edge is still not mechanical yet...

End of the day you still have to be a trader.

or...

The concept is misunderstood.

Remember the guy Rahimseven was the only one said to have grasped the theory/concept, and that was after months of testing and building indicators on the similarity forum.

eurusdd would say thing like "one way to look at it is... and that"

you needed a combined TZ SS and DNA and such...

Many were like

Others were like

Most were like

FX Jay was like




Solutions ONLY!!!
  • #727
  • Jun 10, 2015 6:28am Jun 10, 2015 6:28am
Quoting BillYon
Many were like...
Nice summary Bill

But don't forget that Eurusdd was Revoked, and Rahimseven was Additional Username. It's kind of hard to trust a conversation between those two, isn't it?
You reap what you sow.
  • #728
  • Jun 10, 2015 6:32am Jun 10, 2015 6:32am
Quoting NorthTrader
{quote} Nice summary Bill But don't forget that Eurusdd was Revoked, and Rahimseven was Additional Username. It's kind of hard to trust a conversation between those two, isn't it?

good point

But Rahimseven was the one that drop the bombs on who eurusdd was. Dropped his other sites and everything

hard to believe they were in bed together

but a good scam also has this element


Solutions ONLY!!!
  • #729
  • Jun 10, 2015 7:32am Jun 10, 2015 7:32am
Quoting BillYon
{quote} Then there is no real benefit isn't it? Same perspective on grid trading. Looks great until you are on the opposite end of a runaway trend. So you add sentiment, atr and such and the edge is still not mechanical yet... End of the day you still have to be a trader. or... The concept is misunderstood. Remember the guy Rahimseven was the only one said to have grasped the theory/concept, and that was after months of testing and building indicators on the similarity forum. eurusdd would say thing like "one way to look at it is... and that"...
There is immense benefits. Its changed the way I trade. I use it in conjunction with other tools. Especially in entering and exiting trades. Stophunts is a major application of Tz. Like today on eurusd based on Tz you would wait for 1.1379 to be cleared b4 shorting. 1.1379 was also a target for longs based on tz.
  • #730
  • Jun 10, 2015 9:48am Jun 10, 2015 9:48am
Quoting ephisi
{quote} There is immense benefits. Its changed the way I trade. I use it in conjunction with other tools. Especially in entering and exiting trades. Stophunts is a major application of Tz. Like today on eurusd based on Tz you would wait for 1.1379 to be cleared b4 shorting. 1.1379 was also a target for longs based on tz.

Do you mind illustrating your use?

Or some variation of the way you find benefit.

Thanks
Solutions ONLY!!!
  • #731
  • Jun 10, 2015 10:13am Jun 10, 2015 10:13am
Quoting ephisi
{quote} There is immense benefits. Its changed the way I trade. I use it in conjunction with other tools. Especially in entering and exiting trades. Stophunts is a major application of Tz. Like today on eurusd based on Tz you would wait for 1.1379 to be cleared b4 shorting. 1.1379 was also a target for longs based on tz.
The Open Price concept by Neio (and CP) is proving itself lately since I read up on it.
Asia Open has been support for the last couple of days.

What is interesting is the spike that occurs at prior to London Open. This spike behaviour is what constitutes the TZ at higher timeframes.

To me, despite all the drama behind motives etc, the Similarity Principle is what has changed my trading. TZ perhaps opened it up or enhanced my thinking about certain things, but it ain't triggering my trades if that's anything to go by. I personally don't think that transience/recurrence can be practically measured in real time that doesn't require rocket science to implement & maintain for the non-programmer. Hence why I put alot of effort into looking at visual cues such as Even vs Uneven TZ formations. Then of course there are those that use the opposing TZ thing which to my mind still requires a trader's edge.

Anyway, my 5 pence. I'm short term long biased.... I want the shorts above 1.1345
A pip is only worth it if you know how much you risked to earn it
  • #732
  • Jun 10, 2015 10:40am Jun 10, 2015 10:40am
Quoting vlady1974
{quote} The Open Price concept by Neio (and CP) is proving itself lately since I read up on it. Asia Open has been support for the last couple of days. What is interesting is the spike that occurs at prior to London Open. This spike behaviour is what constitutes the TZ at higher timeframes. To me, despite all the drama behind motives etc, the Similarity Principle is what has changed my trading. TZ perhaps opened it up or enhanced my thinking about certain things, but it ain't triggering my trades if that's anything to go by. I personally don't think...
I agree with you vlad. Those spikes are actually either creates a ptz or clears a ptz based on higher or lower timeframe similarity principle. Pri e always tries to avoid rare events. Those spikes/saqueeze provide great opportunities for entering shorts or exiting longs. Eurusdd always said deception is part of this game. I always have that in mind. So when market wants to short. They sp8ke it up first thats what creats ptz then shorts take over
  • #733
  • Jun 10, 2015 11:08am Jun 10, 2015 11:08am
Quoting BillYon
{quote} Do you mind illustrating your use? Or some variation of the way you find benefit. Thanks
You would need to have a Non TZ dependent system of your own. Then use TZ to finetune . There is no one way to apply it. I am very flexible with it. Example. If top tz confirms, expect bottom ptz to be created if non exist or cleared if one exist. If a rare event happens, ie 2 consecutive top or bottom tz confirms without creating a bottom ptz then you would expect any spike to be rejected to create an opposite tz. This is not a rule. It fails some times thats why i said earlier it cannot be traded as a system but it can help ur decision making in manaaging open trades, entering or exiting trades. I have found my own way of application. Which would be different from vlads, eurusdds and everyone else. So if u can understand the various concepts it will expand ur mind to become a better trader as vlad and many others have testified.
  • #734
  • Jun 10, 2015 11:17am Jun 10, 2015 11:17am
Quoting vlady1974
{quote} The Open Price concept by Neio (and CP) is proving itself lately since I read up on it. Asia Open has been support for the last couple of days. What is interesting is the spike that occurs at prior to London Open. This spike behaviour is what constitutes the TZ at higher timeframes. To me, despite all the drama behind motives etc, the Similarity Principle is what has changed my trading. TZ perhaps opened it up or enhanced my thinking about certain things, but it ain't triggering my trades if that's anything to go by. I personally don't think...
I see how the open price concepts ties in with the spikes. I just feel everyone needs to do a research on demo account till he finds what works. Ive spent countless hours counting candles and waiting for ptzs to confirm. Lol. Only to find just 2 hrs to confirmation that its violently cleared. What the TZs help me see now are important levels that act as magnets attracting or repelling price. nice to have you back mate.
  • #735
  • Jun 10, 2015 11:21am Jun 10, 2015 11:21am
Yep, I agree with Ephisi.

Just to add fuel to the fire ....

The way I use TZs is to look out for them as sequential Tops/Bottoms and connect them by Trend Line. I then trade the break.
I have a specific way of setting my TP target that is not TZ related.

Eg. For Long bias, I am looking to break TZ tops. This does not mean that every top = a TZ. ie. not every top/wick is a candidate for a TZ. There could be several wicks or bars that are adjacent within h bars. But I only connect the TZs to each other by a trendline. The break is therefore price action exceeding the "normalised" diagonal of prices that were transient.... ie. becomes recurrent. When I am on MT4, I use Kprsa's indi to mark out the TZs and I join them. When I am mobile, I have to use visual cues. Not perfect... but again.... it's not the TZs that I am trading.... it's the setup as a result of something else that uses something else that applies TZ idea.
A pip is only worth it if you know how much you risked to earn it
  • #736
  • Jun 10, 2015 11:38am Jun 10, 2015 11:38am
Quoting vlady1974
Yep, I agree with Ephisi. Just to add fuel to the fire .... The way I use TZs is to look out for them as sequential Tops/Bottoms and connect them by Trend Line. I then trade the break. I have a specific way of setting my TP target that is not TZ related. Eg. For Long bias, I am looking to break TZ tops. This does not mean that every top = a TZ. ie. not every top/wick is a candidate for a TZ. There could be several...
Wow. Awesome vlad. Some creativity there. Hmmmn. Very interesting. I also use trendlines. But not the way you use them. You trade the breaks.i trade the bounce of trendlines.my trendlines are not drawn like yours though Lol. Funny. Using similar tools seeing different perspectives.
  • #737
  • Jun 10, 2015 12:12pm Jun 10, 2015 12:12pm
hi guys, i have been reading this thread for some time now. So here is my first question...What affect does changing the confirmed value of transient bars, i.e. default is set to 1000, if this was to be changed say to 5000 would you receive a false reading from the zones developing?
If there is no enemy within, the enemy outside can do us no harm...
  • #738
  • Jun 10, 2015 1:21pm Jun 10, 2015 1:21pm
Quoting iscalp
hi guys, i have been reading this thread for some time now. So here is my first question...What affect does changing the confirmed value of transient bars, i.e. default is set to 1000, if this was to be changed say to 5000 would you receive a false reading from the zones developing?
I assume you mean the number of bars the indicator is applied to. It makes no difference (in theory) it's just a bigger sample set.
What's it all about? It's all about money.
  • #739
  • Jun 11, 2015 11:52pm Jun 11, 2015 11:52pm
Based on TZs and in the absence of any diverting news. Eurusd should clear 1.1277 before any further bear moves. I pray it fails this time because i am short from 1.1334
  • #740
  • Jun 12, 2015 12:00am Jun 12, 2015 12:00am
Quoting ephisi
Based on TZs and in the absence of any diverting news. Eurusd should clear 1.1277 before any further bear moves. I pray it fails this time because i am short from 1.1334
There are also juicy stops at 1.13.
k

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