Al System

Quoting IonTrading

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{quote} Perhaps the image will help. {image}

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Quoting Anusragger

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{quote} If you use different values You are not trading Al's system. The whole point is they should be the same.

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Quoting IonTrading

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{quote} Okay then, I understand. If it's the same value you get higher probabilities.

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Quoting Albertdkpllh

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I hope we can move on to business. Zigzag setting: 25,1,1 and Stock:18,1,1 close/close. Default settings for parabolic. Entries. 1. It is true that almost anytime the stockastic closes on 100 or 0 a new zigzag leg appears or repaints. 2. We use this to our advantage whenever the stockastic is at 100 or 0 and there is no zigzag leg. 3. We always take the trade in the direction of the Parabolic. {file} {image}

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Quoting Albertdkpllh

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{quote} I am tempted to agree with you on setting ZZ with double the value of stoch. I am using 60 for the ZZ and 30 for the Stoch. 1am here. Good morning...... Getting into bed now.

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Quoting YSmani

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{quote} {quote} Hi Al, Thanks for sharing your system. ​ Have you changed your parameters for Zigzag & Stock from (25,1,1 & 18,1,1) to (60,1,1 & 30,1,1)? Please clarify.

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Quoting Albertdkpllh

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{quote} Yes

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Quoting Albertdkpllh

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{quote} Yes

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Quoting Winner180

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{quote} Hi Albert, Is it possible to mean something when we have STO showing a new HL when on the chart we have a LL ? Just a question. Thank You. {image}

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Quoting aaven

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{quote} Albert Sir, Kindly share your insights if possible about the significance of the mismatch of stochastic and Zig Zag from a market behavior of point of view. I mean does the point of dissimilarity has anything to do with a retracement, area of value, key supply or demand zone, cluster of S/L's or something along these lines? Have a nice Day. Thanks

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Quoting Albertdkpllh

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{quote}Now we have mapped price(ZZ) to the Stoch ( with boundaries 0/100) so that they may be interpreted the same such that when a ZZ leg appears stoch must be at 0/100, once this is established we have a relationship,

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Quoting Anusragger

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{quote} Only when values are the same.

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Quoting diamonddbw

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{quote} ++++++++++++++++++++++++++++++++ Poor choice of words on my part. My apologies Nikki.

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Quoting Albertdkpllh

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{quote} Okay, what I learnt is PRICE IS KING. So we watch the price 24/7. The Zig zag shows price in action (HL HH LL LH etc, am sure you can develop everything else from just that..... S/R etc.) The Stoch is an oscillator that helps in finding overbought/oversold zones. What we are doing here is trying to cage price ( put price within bounds) left alone price can go anywhere freely on the charts. Now we have mapped price(ZZ) to the Stoch ( with boundaries 0/100) so that they may be interpreted the same such that when a ZZ leg appears stoch must...

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Quoting IonTrading

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{quote} Perhaps the image will help. {image}

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Quoting Albertdkpllh

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The good news however is that the original referred thread was showing something that many people failed to see 1. Turning points: Price will not go beyond those levels whether News event occur or not. 2. Trend continuations. . Al

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Quoting Albertdkpllh

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Lets look at these charts. Stoch is 30, ZZ 30, kind of a Donchian channel 30, HA candles. All the charts show turning points. {image} {image} {image} {image} {image} {image} {image} {image}

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Quoting TradeFinder

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{quote} Hi Al Very interesting approach, my current system chart setup has both stochs and Zigzag and they are set with different values and they still produce the signals you have explained, very clever Regarding the above. I read all of EurUSD threads and they were long and hard to follow so I am one of those that missed your highlighted points. Could you help please, I think the price top is confirmed if the 100 stoch occurs with no higher ZZ, is that the point you mention and the trend continuation is the same principal. So for an uptrend the...

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Quoting Albertdkpllh

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{quote} Now just to simplify things, we have already established the relatioshionship between the ZZ and Stoch. Now lets focus on the ZZ and the Channel. They both have the same period (30)......Now we have established that wherever the ZZ is there is a dot on the channel...... Whenever the ZZ repaints it should leave a dot. But you will find isolated dots that do not relate to the ZZ. Those are the dissimilaties that we are looking for. I hope the picture below will throw more light. {image} {image}

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