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teoman
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Postby teoman » Fri Jun 19, 2009 2:55 pm

Thanks Tro for the new ZZ Semafor.

Fractal+Cross+Semafor+Retracelines+Trendlines.


Picture is so clear now...



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zapzinig
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Re: H1 zline trades

Postby zapzinig » Fri Jun 19, 2009 5:55 pm

Monalisa,

My time frame is H1. I also look at H4 and D1. I draw my zlines where I see profit held and not yet zeroed out.

Draw some on your charts and see how they react in real time. I like my zlines to be coming off an extreme ie break above high or low of the day or last few days Wait for the momo break out then enter on the zline and ride it to the next zline

-ZZ



monolisa wrote:Hi zapzinig,

Excellent trades.

May I ask why do you draw the zlines at those specific positions? I notice they are quite different from blurbb's zlines.

Do you draw the zline when there's a change in momentum?

Also, did you enter long @ 1.2625 after retracement? (ie. wicked the second momentum candle)

Based on which tf did you trade? I presume H1 is the "target" tf.

Can MO also comment please?

Thanks all for your help.

Lis

zapzinig wrote:Zline trades for today H1 on GBP/USD 3 trades +290 pips !!!!! Thanks MO for your insight and simplicity.
-ZZ




zapzinig
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Postby zapzinig » Fri Jun 19, 2009 6:06 pm

MightyOne wrote:Who didn't see this coming?
Saw it and traded it.


--ZZ
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TheRumpledOne
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Postby TheRumpledOne » Fri Jun 19, 2009 11:42 pm

MightyOne wrote:Every day* price moves how far from the high or low extreme?

Image

*85%+


Is it really THAT SIMPLE?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

Humble
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Postby Humble » Sat Jun 20, 2009 12:58 am

TheRumpledOne wrote: BARRY'S IS FRACTALS!!


Point taken. Perhaps I find it easier to see s & r with straight lines and perhaps your chart had fractals appearing more often the barry's do. Looks like this is easy to change in the code, mute point now though. Thanks.

"Is it really THAT SIMPLE?"

It will be if you can code it :wink: Must look to see how it works with previous days (known) extreme points.

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MightyOne
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Postby MightyOne » Sat Jun 20, 2009 3:10 am

I can only speak for my self...

TheRumpledOne wrote:
MightyOne wrote:Every day* price moves how far from the high or low extreme?

Image

*85%+


Is it really THAT SIMPLE?

frang0nve
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Which Platform??

Postby frang0nve » Sat Jun 20, 2009 9:06 am

monolisa wrote:I saw this on another trader's platform. The chart shows the volume/tick histogram on the bar!

Such information could be useful.

Not sure if we can replicate it in MT4. TRO and fellow programmers your opinion please.

Thanks.

Lis


Hello Lis:

Do you know which platform has this capability?

Thanks


Francisco

teoman
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Postby teoman » Sat Jun 20, 2009 9:17 am

The Way to Trade
Financial Times/Prentice Hall | 2000-09 | ISBN: 0273637541 | 282 pages | PDF | 1,9 MB


Image


The author does not trust any trading method which he didn't develop himself. Traditional trading systems are under heavy criticism here:
Elliot's theory is called "garbage". Indicators are called "illusory" and "meaningless".
There is almost no discussion of how indicators work (i.e. Moving averages, MACD, Stochastics, etc.)
Rather, John Piper has developed methods based on "spiky action". That is, if the price unexpectedly jumps up,
you can expect it to go down quiclky, and you can profit from this. Or, vice-versa: if the price falls sharply, you can expect it to go up thereafter, and you can profit from this.
The format of the book is similar to Van Tharp's "Trade your way to financial freedom", but John's book is a little easier to follow. Van Tharp's main idea repeats here: "It is not the entry that counts, but rather the exit."
Alexander Elder's idea of not risking more that 2% of your capital per trade, is also mentioned here.

http://rapidshare.com/files/246575163/T ... e.pdf.html

teoman
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Postby teoman » Sat Jun 20, 2009 3:44 pm

I try to optimize ZZ Semofor to find out the daily and weekly high/lows

As Semafor default period is 5-13-34 those are the fibonacci numbers.

I am using 5 min period. That means that daily bar has 288 ,5 min bars.

Fibonnaci 34 (sema 3), Fibonnaci 89 (sema4) , Fibonnaci 233 (sema 5) inside the daily bars limits. (daily high/lows)

Fibonnaci 610 ( sema 6) ( 2 days high/low) , Fibonnaci 1597 sema (7) (weekly high low)


So for daytrading we can consider sema 3,4,5 is in our daily limits.

But when sema 6,7 appears, this is the most possible reverse point..

I added volume stop and fractal also..

When sema 7 appears with cross + fractal, I guess you dont want to miss it...


Colors

Sema 3-Chartreuse
Sema 4-Aqua
Sema 5- Blue
Sema 6-Magenta
Sema 7 -Peru



Regards...

Atteched Tpl...


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TheRumpledOne
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Postby TheRumpledOne » Sat Jun 20, 2009 4:10 pm

Image

Why did it take me so long to think of this?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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