Mira wrote:I'm very happy that i learned the "trade a line" concept because losses now are b/e most of the times and winners are pretty large.
However finding good entries has been a real struggle this week.
USDJPYM15.png
*censored - swear word*
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Mira wrote:I'm very happy that i learned the "trade a line" concept because losses now are b/e most of the times and winners are pretty large.
However finding good entries has been a real struggle this week.
USDJPYM15.png
Mira wrote:I'm very happy that i learned the "trade a line" concept because losses now are b/e most of the times and winners are pretty large.
However finding good entries has been a real struggle this week.
USDJPYM15.png
LeMercenaire wrote:Mira wrote:LeMercenaire wrote:
In effect, an S+D Zone can act as a retrace zone, just like a candle. So just like you can run a fib over the range of a candle and see a 50% level for the following candle to act inside, you can do the same with an S+D Zone. The candles that push into that zone will respect the fib levels.
Ahhh ok now I got it! Thanks!
Sorry, I was referring to my stop loss placement, not the entries.
I’m wondering if using the ATR can give me some edge (statistically).
Yeah, I got that. Think about it, if we look at a 50% Fib level in that Demand Zone, then running it like we would a Z-Line, we would look at price either closing or not closing above / below that line. So you could look at using that 50 and below as a stop level, as if price closes below it, it's likely to keep going. You'd have that stop below to cover that. Closes above and likely to bounce away, so no stop hit.
To get into micro detail, you can run a fib in the lower half of the zone and that level would make a good sl.
ATR is def of use cw S+D.
Mira wrote:LeMercenaire wrote:Mira wrote:
Ahhh ok now I got it! Thanks!
Sorry, I was referring to my stop loss placement, not the entries.
I’m wondering if using the ATR can give me some edge (statistically).
Yeah, I got that. Think about it, if we look at a 50% Fib level in that Demand Zone, then running it like we would a Z-Line, we would look at price either closing or not closing above / below that line. So you could look at using that 50 and below as a stop level, as if price closes below it, it's likely to keep going. You'd have that stop below to cover that. Closes above and likely to bounce away, so no stop hit.
To get into micro detail, you can run a fib in the lower half of the zone and that level would make a good sl.
ATR is def of use cw S+D.
I confess that it took me a while to understand
I think I got it by the way!
LEM your idea is very interesting because this S/D indi attached paints the zone + a little space over the pivot.
What I’m going to do is looking for Doji Zones pushing away from those areas (my line in the sand is the doji zone itself) and keeping a hard stop at the end of the S/D area.
This might give me more room if price spikes.
LeMercenaire wrote:Mira wrote:LeMercenaire wrote:
Yeah, I got that. Think about it, if we look at a 50% Fib level in that Demand Zone, then running it like we would a Z-Line, we would look at price either closing or not closing above / below that line. So you could look at using that 50 and below as a stop level, as if price closes below it, it's likely to keep going. You'd have that stop below to cover that. Closes above and likely to bounce away, so no stop hit.
To get into micro detail, you can run a fib in the lower half of the zone and that level would make a good sl.
ATR is def of use cw S+D.
I confess that it took me a while to understand
I think I got it by the way!
LEM your idea is very interesting because this S/D indi attached paints the zone + a little space over the pivot.
What I’m going to do is looking for Doji Zones pushing away from those areas (my line in the sand is the doji zone itself) and keeping a hard stop at the end of the S/D area.
This might give me more room if price spikes.
Sounds like a plan to me!
Mira wrote:LeMercenaire wrote:Mira wrote:
I confess that it took me a while to understand
I think I got it by the way!
LEM your idea is very interesting because this S/D indi attached paints the zone + a little space over the pivot.
What I’m going to do is looking for Doji Zones pushing away from those areas (my line in the sand is the doji zone itself) and keeping a hard stop at the end of the S/D area.
This might give me more room if price spikes.
Sounds like a plan to me!
Oh Yes It is!
Thank you again!
The last part is defining targets, after that, i'll be back in the game
LeMercenaire wrote:Mira wrote:LeMercenaire wrote:
Sounds like a plan to me!
Oh Yes It is!
Thank you again!
The last part is defining targets, after that, i'll be back in the game
Turn those fibs on their head. They can be very useful for finding tp targets as well. They let you move stops up tight(er) and then stack your entries if price continues on. Just an extension of the Z-Line and 50% retrace knowledge you already have.
Mira wrote:LeMercenaire wrote:Mira wrote:
Oh Yes It is!
Thank you again!
The last part is defining targets, after that, i'll be back in the game
Turn those fibs on their head. They can be very useful for finding tp targets as well. They let you move stops up tight(er) and then stack your entries if price continues on. Just an extension of the Z-Line and 50% retrace knowledge you already have.
Projection 1 and 2 are pretty safe (monitored on a lower time frame). I don't know why it works but it does
EURNZDH1.png
thank you LEM!
dchappy wrote:Hi Walt : There is no code . These are the default indicators on Ninja .
You can see the settings I use on the chart , but don't get caught up into thinking that these are magical parameters . You can adjust the numbers to fit your "style" and they will work just as well . The GOLDEN nugget that I have learned from Tro is that price travels from a high to a low & back . Zig & Zag...simple right ? The channel (semafore ) just tells us to "get ready a change is a comin ". The CCI is just a trigger for me . Macd,Stoch,MA crosses, Psych lines ,almost anything would probably work . They are only a point at which to jump into the trade after the semafore appears . I was once an indicator junkie ...Tro has shown me that simpler is better ......Trade well....Chappy