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Here's another attempt on the zero zone trade. Chart: GBPUSD Constant Range Bar (11) Chart -GBPUSD was chosen as it has relatively high daily range and low spread -Constant Range Bar was used to better illustrate support/resistance levels and consolidation periods. -CRB period of 11 was the median r...

Personally my zline trade involves a breakout and a momo bar, and follow the saying "body in the direction of profit, wick in the direction of loss.

The chart was for a long trade. The candle after the momo bar "wicked" the zline and up it went

Beej, if possible can you make the chart bigger? Use the "Save as Picture" command in the "File" pull-down menu in MT4.

Thanks!

Lis

Azuremaster, might be you can describe how you come up with the zlines on the chart. I am sure MO and others would be happy to help you. I am in a same boat as you - I have readed NLA twice and am re-reading it again. Here's my interpretation of zline (attached chart). Basically the line help us to ...

Well done!! Similar to this EA http://articles.mql4.com/287

If you can incorporate MO money management then it would be superb!

Thanks.

Lis

If the current candle is the ILLUSION, then with TIME this candle will gradually reveal the TRUTH. Armed with the TRUTH (eg. statistics, price action of previous candles and herd behaviors) one could make an informed decision about the most probable action of the ILLUSION.

My $0.02

Lis

Momentum is the key... all the clues are on the chart...

As MO said before if you know how your enemies think you would always win

Hi TRO, If possible, are you able to modified TRO_RANGE_EZ_P2 to show the median Q2, lower quartile Q1 (25%) and upper quartile Q3(75%)? I found them more informative especially if there are extreme outliers. Here's a diagram to show their relationship to a normal distribution curve. http://en.wikip...

Thanks, dragon33. I am still learning from you guys.

Working on seeing the price action of the previous 2 candles and the current "illusionary" one.

Lis

Just sharing my thinking... See attached GBPUSD chart. Price came down nicely on the candle marked "18". Usually a reversal followed, and indeed it did (bull candle marked "19"). Again expecting a reversal and it happened again (bear candle marked "20"). Expecting a rev...