No one ever Discovered anything new by colouring inside the lines.
Hi! This model is very dynamic that makes it difficult to understand by just read the forum. Let me see if i can get it clear doing a "timelapse" of an case.
Please see this sequence...
Before the frame 1 there was a sequence similar ( i didn't the screen shots for this previous)
At frame 2 and 3, the price start a new drop and clean the previous transcendent zone. this make that zone recurrent??
A new zone appears instantaneously, with the size of frame 4.
Than the price continues dropping almost till the end of the box.
In that case (focus on frame 5) where you enter the order ?
Frame 6, confirmed.. the price returned very fast.
Thanks.
Please see this sequence...
Before the frame 1 there was a sequence similar ( i didn't the screen shots for this previous)
At frame 2 and 3, the price start a new drop and clean the previous transcendent zone. this make that zone recurrent??
A new zone appears instantaneously, with the size of frame 4.
Than the price continues dropping almost till the end of the box.
In that case (focus on frame 5) where you enter the order ?
Frame 6, confirmed.. the price returned very fast.
Thanks.
Hi! This model is very dynamic that makes it difficult to understand by just read the forum. Let me see if i can get it clear doing a "timelapse" of an case. Please see this sequence... {image} Before the frame 1 there was a sequence similar ( i didn't the screen shots for this previous) At frame 2 and 3, the price start a new drop and clean the previous transcendent zone. this make that zone recurrent?? A new zone appears instantaneously, with the size of frame 4. Than the price continues dropping almost till the end of the box. In that case (focus...
Love the frames
so, in frame 4 you have that very bottom box and you are saying where to enter...
Well for me you cannot catch the very bottom of the box unless you have preset your box width. In your example for me there is no bottom box because those prices are already bounced back (recurrent)
If you preset your box width let say 2pips. When price continues more than 2 pips down you can enter a buy starting from that 3rd pip or beyond.
So looking at the 2nd to last box on frame 4 you could have set your buy right at the break of the bottom of THAT box and exited as the prices cleared that box.
You would have a experienced a small DD and then profit.
The idea is to find the probability of H recurrence and trusting that
if you find that you have a 95% of a zone clearing and price is below that zone you will feel confidence in placing a buy wherever (in theory). To increase the probability you add in your trading rules and other tools that assist in gaining profit.
Trend
Time
Momentum
News
The moon cycle...Whatever you use LOL
Now you have to deal with risk/money management
There is probability of a loss and HUGE DD so what do you do?
Once you get the idea clear you can explore all types of scenarios of probability trading
Probability of 2 completed zones in a row?
Probability of completed zones at the same price levels?
Probability of completed zones at 00 levels
Probability of zones at 3am...LOL
Trade the rare event...
Trade after the rare event...
Trade after dbl rare events
AND SUCH
Solutions ONLY!!!
- #787
- Aug 11, 2015 10:23pm Aug 11, 2015 10:23pm
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
- #791
- Edited 12:50am Oct 5, 2015 12:38am | Edited 12:50am
I've been reading through this thread and eurusdd's thread and remember seeing an indi that gave you a value of k based on the size of past transient zones. I've spent all day trying to find the poster with the indi but can't find it... Anyone know the indi I'm talking about?
Edit: The indicator is KPRSA's.
less than
- #792
- Oct 5, 2015 4:22am Oct 5, 2015 4:22am
- Joined Feb 2014 | Status: ember | 1,268 Posts
{file} {quote} I think this is it. It's not been updated for a while, but it's still functional. The newer version doesn't show all these stats. Credit to whoever made it, probably saver0, sciurus, or xixi. Edit: The indicator is KPRSA's.
k
So The problem I see with the indicators created to see transient zones is that they include the wick . If an adjustment can be made such that the left side of the zone depends on the bar's close we can capture the zones that are based on the left H breakout bar. To capture zones based on a constant price we can select or own constant pip value. so basically a counter breakout strategy. It may be valuable to look at the SSBO system to gauge recurrency probability for breaks from consolidation zones (CZs) and use the the prerequisite of a CZ prior...
Just because I dont get it doesnt mean you dont have a good idea. Hopefully you will be able to develop into something.
Best of luck.
What's it all about? It's all about money.
- #799
- Edited Dec 4, 2015 5:04am Dec 3, 2015 7:50pm | Edited Dec 4, 2015 5:04am
{quote} I tried to understand what you are proposing but got lost. To me TZ's must include the wick as TZ's only deal with price, they have no reference to the close value of a bar. Just because I dont get it doesnt mean you dont have a good idea. Hopefully you will be able to develop into something. Best of luck.
This is because we use the candles as a tool to organize price. Segment it.
That's why the lowest timeframe gives the best opportunity for "seeing" if price has only printed once after the breakout of the left H bars which frame H recurrent prices. Unless a different indicator is made that is not based on bars we have to use the tool at hand (the 1 min bar) even though this to is inaccurate. How is a wick formed? Price reach a high/low and retrace (become Recurrent) before the close. That is why it's clear to me prices in the wick cannot be used. The possible H transient price or prices must have only printed once.
That why I said Box breakout system (SSBO) would be another good match because the box of Consolidated prices (Recurrent prices) is framed. The first pip that breaks out is a candidate as a H transient pip (price)
it is very unlikely to have large 5 pip zones unless a thrust of some sort has occurred like during news and such causing a quick burst of printed prices in one direction with NO retrace giving us time to jump in and ride the retrace back to clear those once possible rare (transient) prices . Not previous h transient zones, but the current one building.
Remember the Wormhole thread where the EA searched for a stochastic mismatch and if found that would be deemed a "wormhole" and after price deviated enough a trade towards clearing the problem was made. Same idea with TZ. It may just be a single price that is a possible H transient price. So this price is marked on a chart as a problem with x probability of being cleared before Right H completes. http://www.forexfactory.com/showthread.php?t=511581
In fact the left H could be replaced by many things but bars may be the best for calculating probability statistics.
Previous day breaks
S/R breaks
News
ETC...
We just need a better "watcher" of price action after the break. A better watcher even than the 1 min time frame.
The PTZ is found between the breakout and the close in my thinking. That is if we are using the bar the capture it...
Understand?
Solutions ONLY!!!