Never Lose Again

[fx_disciple]

@monolisa

I've been watching how the indi worked, I saw the line showed 2 hours ago (for short) right after the current bar start. Is this correct/normal or did I miss something (from the settings or anything else maybe)? I mean the line lag by 2 bars, maybe it would be better if it only lag 1 bar.

Thanks for the replies monolisa, zapzinig, dragon33. I really appreciate any lesson from you guys.

[monolisa]

fx_disciple,

The line won't be drawn until the momo bar closes. As we need 2 bars to confirm a combo of pre-momo and momo formation, unfortunately, there is a 2 bar lag.

I just tweaked the MZ indi to show multiple timeframe. Here's a H1 chart to show all H1,H4,D1,W1 MZ. A bit of a mess, isn't it?



Lis

[fx_disciple]

@monolisa

thanks for the explanation, that really helps. on a second thought, actually the indi only lag 1 bar because the line will draw right at the open (missing only 1 bar of the potential trade). Meh, I can dwell with it as long as it doesn't miss the entire run


I'm going live with this great setup, prolly tomorrow. can't really know the effectiveness of any setup unless using it with real money real-time, micro would be good for me now though.

[Humble]

Lis, what about a MTF ZL indi that shows the zl instead of the mz? ie if we had the option to show say a 4hr zl on the 1hr chart. The line would be a different colour or thickness or whatever and labelled 4 hour 22 days ago.

[i_love_delta]

thank you for the answer, Monolisa

[prochargedmopar]

Wick trade:

Z-line on M5 and M15...here was just a wick to body entrance......
purple line to red line.
+21.4

EUR/JPY 1 B 136.749 136.963 21.4 2.25 0.00 8/5/2009 03:28 8/5/2009 04:36

[monolisa]

Pro,

Where are the M5 and M15 zlines? What's the goal of your trade (H1 MZ??)?

Lis

[***FX-JEDI***]

Hi I've being on holidays for a while, back home next week,
but still looking at this thread when I get the chance,
Got 146.20 pips off AUD fri/mon as I expected AUD reached my target of 0.8300
Anyway here is a few shots off laptop so sorry about quality.
I think I understand the momo bar & zl area. I have combine fib levels & KR candles with this as its what I know, shown below on shots

oh, yeah not shown on HR chart but where price bounces up off the daily 61.8 at 1.4000 level it also happens to be at a down 161.8 fib ext on hr gotta love fib convergences at whole numbers, now combining this with Zl's I hope to be unstoppable in capturing pips
Thanks peoples

[monolisa]

Like this, Humble??



Lis

Lis, what about a MTF ZL indi that shows the zl instead of the mz? ie if we had the option to show say a 4hr zl on the 1hr chart. The line would be a different colour or thickness or whatever and labelled 4 hour 22 days ago.

[Patch]

monolisa

What indi are you using? how are you able to select 4 hour bars? and how do you determine how far back you look?

Patch