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Transient Zones - Basics

  • #841
  • Jun 17, 2016 5:33am Jun 17, 2016 5:33am
Inserted Video
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  • #842
  • Sep 11, 2016 9:13am Sep 11, 2016 9:13am
TZ concept mixed with Rossbot EA for SSBO thread.



TZ RECURRENT THEORY: -H = 7200 MINUTES +H= INFINITY(you can experiment with a max time exit)
ROSSBOT TRIGGER- BREAKOUT HIGH OR LOW OF 7200 MINUTE BAR + 50 PIP BUFFER WITH 10 PIP REVERSED TARGET
TRADE - 10 PIP COUNTER TREND
INITIAL RISK MM- 5% possible loss = blowup



Many Ideas will come to mind as of how the use this
Attached Image (click to enlarge)
Click to Enlarge Name: ross tz2.png Size: 97 KB
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  • #843
  • Edited 9:55am Sep 11, 2016 9:17am | Edited 9:55am
Latest rossbot EA here http://penguintraders.com/forums/top...icator-and-ea/ (Login required to download)
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  • #844
  • Sep 11, 2016 9:52am Sep 11, 2016 9:52am
Quoting BillYon
Latest rossbot EA here http://penguintraders.com/forums/top...icator-and-ea/
Do you mean at the first page?

So how are results?

Best
D.P.
Hunting High and Low
  • #845
  • Sep 11, 2016 9:56am Sep 11, 2016 9:56am
Quoting Dr.Phoenix
{quote} Do you mean at the first page? So how are results? Best D.P.
You can also get the ROSSBOT EA here Thanks to XuX99

http://qforex.ml/

No results, Just further exploring concepts.
Solutions ONLY!!!
  • #846
  • Sep 11, 2016 10:06am Sep 11, 2016 10:06am
Testing set file

ROSSBOT TZ

1 minute timeframe tested.
Attached File(s)
File Type: zip rossTZ.zip   2 KB | 1,126 downloads
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  • #847
  • Sep 11, 2016 10:08am Sep 11, 2016 10:08am
Quoting BillYon
{quote} You can also get the ROSSBOT EA here Thanks to XuX99 http://qforex.ml/ No results, Just further exploring concepts.
this concept was developing some years ago. and I found that its results were not so good as expected.

Best
D.P.
Hunting High and Low
  • #848
  • Sep 11, 2016 10:18am Sep 11, 2016 10:18am
Quoting Dr.Phoenix
{quote} this concept was developing some years ago. and I found that its results were not so good as expected. Best D.P.

Not what I just presented in combination.

This is not the SSBO CZ concept. I just used the EA to trade a TZ concept.


Similar to ideas I presented here months ago

http://www.forexfactory.com/showthre...37#post8761137

Something developing still. No conclusions as of yet.

It's basically a 1 year nine month probability study of a recurrence concept based on the triggering I set in the EA.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFDaily2.png Size: 71 KB
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  • #849
  • Sep 11, 2016 10:36am Sep 11, 2016 10:36am
Quoting BillYon
Testing set file ROSSBOT TZ 1 minute timeframe tested. {file}
is this set for that rossbot EA published at penguin?

Quoting BillYon
{quote} Not what I just presented in combination. This is not the SSBO CZ concept. I just used the EA to trade a TZ concept. Similar to ideas I presented here months ago http://www.forexfactory.com/showthre...37#post8761137 Something developing still. No conclusions as of yet. It's basically a 1 year nine month probability study of a recurrence concept based on the triggering I set in the EA. {image}
Great, Keep going

Best
D.P.
Hunting High and Low
  • #850
  • Sep 11, 2016 11:50am Sep 11, 2016 11:50am
Quoting Dr.Phoenix
{quote} is this set for that rossbot EA published at penguin? {quote} Great, Keep going Best D.P.

Yes, should work on both
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  • #851
  • Edited 7:21am Nov 6, 2016 7:10am | Edited 7:21am
I have the answer to this madness.

Open up a chart, divide your chart by days, so you can see how price moved each day. Put on a 30min time frame.

You will notice that only one or two transient zones form every day. There maybe pre zones that just paint throughout the day but there is only a MAXIMUM OF TWO TRANSIENT ZONES PER DAY.

So how do we know which tz's to trade? Well if you understand market making, you will know that trend tends to reverse during the London session and the New York session. You need to understand that the markets tend to reverse around the open of each session.

Basically a tz will form either 30min-1hour before or even 1 -2 hours after the session has began. You will also notice only 1 true tz forming in one day , it could be either the london or the New York session. Just remember that for at least one of the sessions, a tz will form and if it doesn't on a particular pair, it will on the many others $$$ You're essentially spoilt for choice. Basically just know that for each session, there is likely to be a reversal in trend. That reversal happens around the times i've mentioned and tz is likely to form.

Example: The london session where I live starts at 4pm and the NY session starts at 9pm. When i trade, im looking for tz's to form around 3-6pm for london sesh, and for ny sesh, around 8-10.30pm. I wish I could stay up later for the NY session because TZ's do form when I head to sleep.

Now with this, you want to aim for 30 to 50 pips per session and get out even 20 pips per currency pair is ok. This set up occurs on all currencies. DONT BE GREEDY. Set your stop loss just above or below your tz, depending if you're buying or selling.

Take it day by day, because this set up happens all the time. You can easily make thousands a week. Think about it, 1 lot x 30pips for london session on just one currency pair. This occurrence of TZ's happen to all pairs. If you have no luck in london, then NY will most probably treat you good.

For even more confirmation, whack on a RSI and stochastic on you see overbought and oversold. The best and 100% probability set ups occur when the rsi is showing either overbought or oversold and a tz forms right at the start of the session. The RSI and stochastic in this set up aren't the main confirmation but do add more if needed.

Happy Trading, and I hope everyone makes a ton of money because I spent months analysing true tz's and when they are most likely to occur.

The tz indicator i use is ' saver0_transient_z_stats_v1' Google this and you should be able to find it.

Peace.
  • #852
  • Nov 7, 2016 4:07am Nov 7, 2016 4:07am
Quoting rvanscho
I have the answer to this madness. Open up a chart, divide your chart by days, so you can see how price moved each day. Put on a 30min time frame. You will notice that only one or two transient zones form every day. There maybe pre zones that just paint throughout the day but there is only a MAXIMUM OF TWO TRANSIENT ZONES PER DAY. So how do we know which tz's to trade? Well if you understand market making, you will know that trend tends to reverse during the London session and the New York session. You need to understand that the markets tend to...

show image please. H-TZ NOT TZ. WHAT H?

You lost me at 100%

trading recurrency or trend reversal?
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  • #853
  • Nov 7, 2016 5:31am Nov 7, 2016 5:31am
Quoting BillYon
{quote} show image please. H-TZ NOT TZ. WHAT H? You lost me at 100% trading recurrency or trend reversal?
H=20

The attachment is one of many set ups.

If you want to be open minded, go an back test it yourself.

RULE 1: A maximum of two transient zones form a day on the 30min chart. (The correct times these true tz's form however is the tricky part)

RULE 2: The best set ups occur when your rsi (14) and your stochastic show overbought or oversold.

RULE 3: Midweek reversals seem to work best with this. Tuesdays to Thursdays are where the pips are.

RULE 4: A true TZ for that day won't form exactly on the open(sometimes it does), it will form either 30mins before or even 2hours after.

RULE 5: Don't focus on just a few currency pairs, if the pair you are looking at does not form a TZ around the open of london or NY session, then look at the next pair. Each day is always a pair that gives this set up.

RULE 6: If the london open doesn't present good set ups, just hold back and wait for the NY session if you can.

RULE 7: Avoid asian session.
Attached Image (click to enlarge)
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  • #854
  • Nov 7, 2016 9:12am Nov 7, 2016 9:12am
Quoting rvanscho
{quote} H=20 The attachment is one of many set ups. If you want to be open minded, go an back test it yourself. RULE 1: A maximum of two transient zones form a day on the 30min chart. (The correct times these true tz's form however is the tricky part) RULE 2: The best set ups occur when your rsi (14) and your stochastic show overbought or oversold. RULE 3: Midweek reversals seem to work best with this. Tuesdays to Thursdays are where the pips are. RULE 4: A true TZ for that day won't form exactly on the open(sometimes it does), it will form either...

SO basically you are betting to catch the main daily reversal using PTZ left H=20. you are not trading completed TZs. Why not just use the zig zag indy? zz semaphore? the trigger is a bit ambiguous to quote a win percentage of 100%. I assume you enter after the bar closes creating the PTZ? Not saying it won't work. There will be many stop out along the way if you follow those rule rigidly.

Reversal hunting rarely leads to lasting success but good luck
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  • #855
  • Nov 7, 2016 4:43pm Nov 7, 2016 4:43pm
Quoting BillYon
{quote} SO basically you are betting to catch the main daily reversal using PTZ left H=20. you are not trading completed TZs. Why not just use the zig zag indy? zz semaphore? the trigger is a bit ambiguous to quote a win percentage of 100%. I assume you enter after the bar closes creating the PTZ? Not saying it won't work. There will be many stop out along the way if you follow those rule rigidly. Reversal hunting rarely leads to lasting success but good luck
All i'm doing is catching different trends throughout the day at 2 sessions. If you look at your charts you will see each session usually changes direction for at least 20-50 pips. Sometimes trends just continue regardless.

There are other things I have to explain but from what i've given, its up to other people to read into the charts. The main thing to remember is that only a maximum of two PTZ form a day on the 30 min chart. AND those PTZ's give you the ability to make around 20-30 pips per pair per session. multiply this by 4 pairs and you are easily into a 100pips a day.
  • #856
  • Nov 8, 2016 6:58pm Nov 8, 2016 6:58pm
thanks rvanscho 30 min 20 h usdcad nearly all u.s. session tzs { blue box } red is asian.....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 137 KB
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  • #857
  • Nov 8, 2016 7:36pm Nov 8, 2016 7:36pm
Quoting HighFivve
thanks rvanscho 30 min 20 h usdcad nearly all u.s. session tzs { blue box } red is asian..... {image}
You should include all ptzs of the us session.

the dilemma of choosing the entry remains.
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  • #858
  • Nov 8, 2016 7:43pm Nov 8, 2016 7:43pm
Quoting BillYon
{quote} You should include all ptzs of the us session. the dilemma of choosing the entry remains.
So You are saying the tz repaints ? p.s all my broker history was in my pic :-)
Learn THEN Unlearn
  • #859
  • Nov 8, 2016 7:58pm Nov 8, 2016 7:58pm
Stick with my set ups, the election has made things a little harder but once business resumes, the set ups will come. I've also noticed the big orders occur midweek and about 30mins before the session starts. Also remember the stochastic and RSI extra confirmation. You will also notice inverted hammer or hammer formations around the session reversal as well.
  • #860
  • Nov 9, 2016 12:58am Nov 9, 2016 12:58am
Quoting HighFivve
{quote} So You are saying the tz repaints ? p.s all my broker history was in my pic :-)
Yes, You don't know it's true TZ unless the right H is complete. By that time you have missed the boat. You have to play the picking tops and bottoms game.

The probability was all about price recurrency not betting which PTZ will become a true TZ.
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