Kreslik.com - traders community since 2006

I'll tell you what, I will give you to the 10th of April to ask as many questions as you want and then I have to go MO, Have you finished development of this indicator: +x, +y, -x, -y to codify zerolines. If not and you're still interested in this, could you briefly tell, how the indi should look l...

Yeh, and it is clear, why gap would be closed -
very similar to zeroline method.

Not clear, why gap itself is formed.
From 10 to 100 pips gap - is usual story,
does this mean, that there are no buyers/sellers
withing this range?

Who said, that ZL is supply-demand?
MO hasn't.

And what all this has to do with Level Sensor indicator?
I don't follow.

Isn't a line from Friday close
(assuming, it's gap on Monday open)
a zeroline.
If yes - one could trade it as zeroline.
If not - why not?

forexjake80 wrote:it is due to a breakout from a price level, where price was for a long period of time. That would also be a z-Line / mighty zone

Could you eleborate about connection to zlines?
I think - it's more about supply-demand.

Try these links:

http://translate.google.com/translate?h ... 26747p.htm

http://www.elitetrader.com/vB/showthrea ... eadid=9727

MightyOne wrote:You went long at the rZL? How brave of you

MO,
What is rZL?

Even if it is resistance ZL, there were no rules for them,
could you give bit more details.

If it makes you feel better I will consolidate everything I have ever shown you guys (and things I haven't) and give it to you when I return You're leaving, when I just wanted to continue discussion about programming these +x, +y, -x, -z things into MT4 indicator? MO, Promise to keep the promise. :...

Noone22 I know that you want to believe it is real but it is just a load of crap MO, leave me something to believe into, I have very few of the beliefs left! I haven't said, that people are blindly trading Fibs lines alone. They're taking them into account (together with PA to the left and other fa...

its only a great indi if you are making money with it, otherwise its junk Yes, as with anything else - it's good, if it is profitable. What are these numbers: LONG RR: 0.7 2.2 3.1 and which indi they're coming from? So, you basically trading off Demand zone, just as off Support, taking only pure PA...