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Trading the middle TZ's

  • #801
  • Jul 16, 2015 1:06pm Jul 16, 2015 1:06pm
And still can't understand,
how H can be the same for different TF
Just an opinion. Based on research
  • #802
  • Jul 16, 2015 2:34pm Jul 16, 2015 2:34pm
Quoting since80808
And still can't understand, how H can be the same for different TF
That's just the setting of the indicator. If you manually change tf and not the indicator, then it H would stay the same.
If you wanted different H for different tf then you would have to change it each time or get someone to amend that code to do it dynamically based on parameters you set.
A pip is only worth it if you know how much you risked to earn it
  • #803
  • Jul 16, 2015 2:46pm Jul 16, 2015 2:46pm
Sure! I mean
is it ok to analise H1 and M15 whith the same H?
Just an opinion. Based on research
  • #804
  • Jul 16, 2015 2:54pm Jul 16, 2015 2:54pm
Quoting since80808
Sure! I mean is it ok to analise H1 and M15 whith the same H?
Why not?
It's just a filter.

Timeframe 1H
h=8
You're saying for every 8 hours check to see if price has returned here or not. If not display box

Switch to 15M
For ever 8 x 15M (or 2 hours) check to see if price has returned here or not. If not display box

etc.....

Nothing wrong with that.
The question is.... how/what does it mean for you? Does it fit with how you trade?
A pip is only worth it if you know how much you risked to earn it
  • #805
  • Jul 16, 2015 3:00pm Jul 16, 2015 3:00pm
You are right. Thank you!
Just an opinion. Based on research
  • #806
  • Jul 16, 2015 4:18pm Jul 16, 2015 4:18pm
Quoting vlady1974
{quote} Why not? It's just a filter. Timeframe 1H h=8 You're saying for every 8 hours check to see if price has returned here or not. If not display box Switch to 15M For ever 8 x 15M (or 2 hours) check to see if price has returned here or not. If not display box etc..... Nothing wrong with that. The question is.... how/what does it mean for you? Does it fit with how you trade?
so multiply 15m for 8 to get the H for 15m? or what is the H for 15m? please
  • #807
  • Jul 16, 2015 5:02pm Jul 16, 2015 5:02pm
H is nothing but the number of bars at the left and right. If the H is set as 8, then when the price is at a new level which it didn't visit within those left 8 bars, then potential TZ appears and if the price again didn't revisit that price for the next 8 bars (right), then that will price or zone will become completed transient zone. You are looking for a potential TZ and then taking the trade assuming that the price is not going to revisit that price within the next 8 bars. setting H is upto you. You can set any number as you wish.
  • #808
  • Jul 16, 2015 5:22pm Jul 16, 2015 5:22pm
Quoting tradeforlife
H is nothing but the number of bars at the left and right. If the H is set as 8, then when the price is at a new level which it didn't visit within those left 8 bars, then potential TZ appears and if the price again didn't revisit that price for the next 8 bars (right), then that will price or zone will become completed transient zone. You are looking for a potential TZ and then taking the trade assuming that the price is not going to revisit that price within the next 8 bars. setting H is upto you. You can set any number as you wish.
My help is in the name of the Lord who made heaven and earth.
  • #809
  • Jul 16, 2015 5:31pm Jul 16, 2015 5:31pm
Quoting tradeforlife
H is nothing but the number of bars at the left and right. If the H is set as 8, then when the price is at a new level which it didn't visit within those left 8 bars, then potential TZ appears and if the price again didn't revisit that price for the next 8 bars (right), then that will price or zone will become completed transient zone. You are looking for a potential TZ and then taking the trade assuming that the price is not going to revisit that price within the next 8 bars. setting H is upto you. You can set any number as you wish.
The question is that, will you pull the trigger when you see one forming????? Keep in mind that there is no guarantee a potential MTZ will become MTZ. But then again when you look at your historical data you will see all the places you could have taken that chance.

Our friend Jeet, added some strong filters, CSM and S/R.
My help is in the name of the Lord who made heaven and earth.
  • #810
  • Jul 16, 2015 5:42pm Jul 16, 2015 5:42pm
Quoting Albertdkpllh
This is looking interesting. Potential MTZ, almost there. {image}
I took my chance with this one expecting that it will give me some pips at least before dancing around. It went 10pips at least could have taken the 10 pips or at least pulled to break even, suggested by Jeet, however, i decided to take my chances further and manage the trade, moving the stoploss from -75pips to -54pips as shown in the pic below. I am still optimistic that price will go down.

It may not go all the way down, but managing the trade is very critical here.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 74 KB
My help is in the name of the Lord who made heaven and earth.
  • #811
  • Jul 16, 2015 6:49pm Jul 16, 2015 6:49pm
Quoting tradeforlife
H is nothing but the number of bars at the left and right. If the H is set as 8, then when the price is at a new level which it didn't visit within those left 8 bars, then potential TZ appears and if the price again didn't revisit that price for the next 8 bars (right), then that will price or zone will become completed transient zone. You are looking for a potential TZ and then taking the trade assuming that the price is not going to revisit that price within the next 8 bars. setting H is upto you. You can set any number as you wish.
Thank you
  • #812
  • Jul 16, 2015 9:02pm Jul 16, 2015 9:02pm
Quoting Albertdkpllh
This is looking interesting. Potential MTZ, almost there. {image}
closed -40 pips
My help is in the name of the Lord who made heaven and earth.
  • #813
  • Jul 17, 2015 12:42am Jul 17, 2015 12:42am
Good morning friends.

@Success is a few simple disciplines, practiced everyday; While failure is simply a few errors in judgement, repeated everyday- Jim Rohn.
  • #814
  • Jul 17, 2015 1:05am Jul 17, 2015 1:05am
Quoting jeetvirk
Good morning friends. @Success is a few simple disciplines, practiced everyday; While failure is simply a few errors in judgement, repeated everyday- Jim Rohn.
good one
My help is in the name of the Lord who made heaven and earth.
  • #815
  • Jul 17, 2015 1:14am Jul 17, 2015 1:14am
ok one down GA +20

look for deadly combination break of SR, Close above RN, retest of RN, CSM and above all its MTZ on 5 min.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD-ProM5 17.7.15.png Size: 52 KB
  • #816
  • Jul 17, 2015 1:34am Jul 17, 2015 1:34am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM15.png Size: 41 KB
My help is in the name of the Lord who made heaven and earth.
  • #817
  • Jul 17, 2015 1:43am Jul 17, 2015 1:43am
Quoting Albertdkpllh
{image}

need to look how it will react to london open better to move SL to BE.
  • #818
  • Jul 17, 2015 2:08am Jul 17, 2015 2:08am
Good Morning guyz! News Free 5hrs for trading today..
Attached Image
You just got to have the Bad Days, so you can Love the Good Days even more!
  • #819
  • Edited 2:31am Jul 17, 2015 2:08am | Edited 2:31am
Quoting jeetvirk
{quote} need to look how it will react to london open better to move SL to BE.
Yes Sir, moved to BE

SL move to +10pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM5.png Size: 38 KB
My help is in the name of the Lord who made heaven and earth.
  • #820
  • Jul 17, 2015 5:55am Jul 17, 2015 5:55am
Late entry looking for 10 pips hopefully i will get

best entry is when price breach the RN and retest it.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-ProM15 17.7.15_2.png Size: 52 KB
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