ZLINES...

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TheRumpledOne
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Re: ZLINES...

Postby TheRumpledOne » Sat Jun 02, 2018 9:01 pm

LeMercenaire wrote:
TheRumpledOne wrote:I think I may finally see MOMO and ZLINES! It is too funny that it took me this long. But it is really simple. Identify the most recent momo bar and trade TOWARD its open from an extreme. DUH!

IS THAT IT??

My understanding of it, is that you have the MOMO bar break a level. That level becomes the Z-Line.

You then wait for price to drop back toward that line, to wick it (but not close over it) then enter as price once again leaves the Z-Line in the direction of the original MOMO.

If I'm wrong, I will take my slap about the head - but hey, that's how I've been running it. It does work :)


Can you annotate a chart? Thanks.
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Re: ZLINES...

Postby TheRumpledOne » Sat Jun 02, 2018 9:18 pm

TRO001.png
TRO001.png (51.55 KiB) Viewed 1368 times


Price returned to the RETurn line.
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Re: ZLINES...

Postby TheRumpledOne » Sat Jun 02, 2018 9:46 pm

TRO001.png
TRO001.png (70.48 KiB) Viewed 1366 times


You can see price RETurned this time.

Failed the time before that. Would have been a scratch trade in real time.
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Re: ZLINES...

Postby LeMercenaire » Sat Jun 02, 2018 10:28 pm

TheRumpledOne wrote:TRO001.png

Something I have been doing profitably:

I noticed price usually retraces the bigger bars sometime in the near future and I wait and trade accordingly.

"Identify the most recent momo bar and trade TOWARD its open from an extreme."

The orange lines highlight bars 5 pips or bigger.

I guess I still don't get "ZLines".


If you get a large push in one direction - MOMO - then drop a fib on that bar and trade as price drops back towards the 50.

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Re: ZLINES...

Postby LeMercenaire » Sat Jun 02, 2018 10:43 pm

TheRumpledOne wrote:
LeMercenaire wrote:
TheRumpledOne wrote:I think I may finally see MOMO and ZLINES! It is too funny that it took me this long. But it is really simple. Identify the most recent momo bar and trade TOWARD its open from an extreme. DUH!

IS THAT IT??

My understanding of it, is that you have the MOMO bar break a level. That level becomes the Z-Line.

You then wait for price to drop back toward that line, to wick it (but not close over it) then enter as price once again leaves the Z-Line in the direction of the original MOMO.

If I'm wrong, I will take my slap about the head - but hey, that's how I've been running it. It does work :)


Can you annotate a chart? Thanks.



On left, price makes a new high (level) 'A'

InkedTRO001forZ-LineEG_LIone-crop.jpg
InkedTRO001forZ-LineEG_LIone-crop.jpg (45.78 KiB) Viewed 1363 times


We then get a MOMO bar that breaks that level...'B'

InkedInkedTRO001forZ-LineEG_LItwo-crop.jpg
InkedInkedTRO001forZ-LineEG_LItwo-crop.jpg (106.78 KiB) Viewed 1363 times


Price then retraces to / towards the level...and we enter as it touches (doesn't close below) and goes back up...'C'

InkedInkedInkedTRO001forZ-LineEG_LIthree-crop.jpg
InkedInkedInkedTRO001forZ-LineEG_LIthree-crop.jpg (111.82 KiB) Viewed 1363 times

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Re: ZLINES...

Postby LeMercenaire » Sat Jun 02, 2018 10:47 pm

All Alien methods have shared DNA :D

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Re: ZLINES...

Postby LeMercenaire » Sat Jun 02, 2018 10:49 pm

Your Return Trade (RET-Trade) simply adds in the retrace back to the Z-Line and would no doubt be a RAT-style entry, though doesn't have to be a true RAT.

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Re: ZLINES...

Postby TheRumpledOne » Sun Jun 03, 2018 12:01 am

LeMercenaire wrote:Your Return Trade (RET-Trade) simply adds in the retrace back to the Z-Line and would no doubt be a RAT-style entry, though doesn't have to be a true RAT.


Thanks for the annotation. I sure had it backwards!

Actually a RAT, HOLO, 1-2-3 and/or WICK ZONE.

If it is in the daily ATR ZONE, that would be a bonus!

TRO001.png
TRO001.png (56.8 KiB) Viewed 1346 times
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Re: ZLINES...

Postby TheRumpledOne » Sun Jun 03, 2018 12:03 am

TRO002.png
TRO002.png (72.25 KiB) Viewed 1355 times


Looking at the monthly... Notice how price returns to the open of the RETurn bar.

I remember reading/hearing those big bars means there were traders left empty handed at the open price of the bar so price returns to the open price so they can get in on the action.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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LeMercenaire
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Re: ZLINES...

Postby LeMercenaire » Sun Jun 03, 2018 1:02 am

TheRumpledOne wrote:
LeMercenaire wrote:Your Return Trade (RET-Trade) simply adds in the retrace back to the Z-Line and would no doubt be a RAT-style entry, though doesn't have to be a true RAT.


Thanks for the annotation. I sure had it backwards!

Actually a RAT, HOLO, 1-2-3 and/or WICK ZONE.

If it is in the daily ATR ZONE, that would be a bonus!

TRO001.png


Z-Lines aren't always RAT, HOLO, 1-2-3 and / or Wick Zone, because the levels ('A' on that chart) don't HAVE to be new highs or lows on the day but just have to be a distinct level-of-interest.

They could just as easily be in the middle of the day's range.

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