es/pip wrote:MightyOne wrote:es/pip wrote:MightyOne wrote:es/pip wrote:Ok now that I am somewhat on the same page as you
When does the count (0,00) start over/how long is the measurement good for----only the current bar?
If bars 0 and 00 do not effect the price action do you restart the count as the new bars form?
If the measurement of 0,00 does effect the price action do you still walk the count forward as new bars form?
Not sure I expressed that the way I wanted to ----if not clear, I will do it on charts
For TRO's mental health let us use 0 as the current bar, 1 as the prev. bar (0), & 2 as the bar before that (00).
The first thing before any other consideration is the breakout; the
breakout starts it all.
The range of 1 & 2 from the low (in the case of a high BO) pushes the line up if:
1. they are higher than the breakout line.
2. the price on the current bar touches that price.
The lines remain until they are either moved higher or the candle closes and there is another BO.
Again, It all starts with the breakout!
Outside bars are treated differently:
The breakout with the greatest Iperiod is the line that stays.
The 1 and 2 candle can then push that line further if the range
is great enough and price moves to that price level.
aside from that a new BO sets the next line.
This Dynamic trend is a combination of momentum and Dynamic Fibs S&R.
k thanks
i think i understand all of it now
this is so interesting that i may switch things up and trade this
the only thing that ever "bothered" me about the zl/mz was having to wait so long for a correct setup----due to, when i first started trading was scalping stocks(before they changed it to .01 a tick) and i traded very large total volume at the end of the day. 1/16th here 1/4 here etc etc all day long
anyway
i have spent some time and going to spend a lot more tomorrow on this
but from what i have seen so far----using 30m-1hr,4hr for plotting the lines and trading 2-5 minute chart based off dfsr looks very interesting to say the least---and then applying your suggestion of expanding stops based on p/l makes it even look that much better
i love looking at new ideas that make sense----and this one may just completely take me away from zl's all together
it makes my head spin how you even think to come up with this kind of stuff----- i have spent thousands of hrs looking and trying all kinds of things and never have come up with anything remotely close to what you have presented
unreal
again thanks for what you are doing here
I don't care what they say...
A nice high quality micro beer and a set of charts and you are seeing things that no sober person can dream of
lol with ya on that
current bar is the green BO not red sorry
think I got, maybe it can be similar to the "panca break out" in the second pic