Never Lose Again

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Humble
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Postby Humble » Tue Aug 04, 2009 2:20 am

ZZ thank you for your chart, which I am studying.

May I ask? On your short trade of +170 pips, why you exited on a broken zl when there was an unbroken zl some 40 pips below. The unbroken zl target was not reached.

I gather you are drawing the zl by hand.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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fx_disciple
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Postby fx_disciple » Tue Aug 04, 2009 10:37 am

monolisa, I downloaded your zl version from several pages back. can you explain about what the coloring means as I noticed that there are four colors (like in the pic attached).

dragon33, do you draw the mightyzone line or do you use indi? (if you use indi, can you post them please.)

zapzinig, did you manually draw the zline or did you use indi like the one monolisa had (I attached the current chart for comparison)?

I see that some members have outstanding result so I'm very motivated to learn. I'm still trying to grasp the idea of zline and mightyzone line so your replies are much appreciated.
Attachments
zl.gif
zl.gif (16.28 KiB) Viewed 1554 times

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monolisa
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Postby monolisa » Tue Aug 04, 2009 11:00 am

fx_disciple,

Welcome on board!

Light green = Active zline (long bias)
Red = Active zline (short bias)
Dark green = Expired zline (long bias)
Purple = Expired zline (short bias)

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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dragon33
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Postby dragon33 » Tue Aug 04, 2009 12:25 pm

fx_disciple wrote:monolisa, I downloaded your zl version from several pages back. can you explain about what the coloring means as I noticed that there are four colors (like in the pic attached).

dragon33, do you draw the mightyzone line or do you use indi? (if you use indi, can you post them please.)

zapzinig, did you manually draw the zline or did you use indi like the one monolisa had (I attached the current chart for comparison)?

I see that some members have outstanding result so I'm very motivated to learn. I'm still trying to grasp the idea of zline and mightyzone line so your replies are much appreciated.


If momo is big then i draw the midsection of the momocandle by hand because price will turn very often. Depending on the tmf you are it is interesting to take the run also!

zapzinig
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Postby zapzinig » Tue Aug 04, 2009 1:27 pm

Humble wrote:ZZ thank you for your chart, which I am studying.

May I ask? On your short trade of +170 pips, why you exited on a broken zl when there was an unbroken zl some 40 pips below. The unbroken zl target was not reached.

I gather you are drawing the zl by hand.


Price action at the zline. If price hesitates or bounces a certain way, I exit

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Postby zapzinig » Tue Aug 04, 2009 1:34 pm

fx_disciple wrote:
zapzinig, did you manually draw the zline or did you use indi like the one monolisa had (I attached the current chart for comparison)?



On daily charts I manually drew the zline. I am testing the indi from monolisa(thanks for that monolisa)

--zz

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monolisa
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Postby monolisa » Tue Aug 04, 2009 2:49 pm

Taken MO and dragon33 advice re midsection of the momo, I modded blubbb's zline indi to show the MZ.

Image

I added 5 variables:
MZLongBiasColor
MZShortBiasColor
ExpMZLongBiasColor
ExpMZShortBiasColor
MomoProportion = Proportion of the momo bar used to draw the upper/lower limit of the MZ (eg. 2 means half, 3 means 1/3, 1.5 means 2/3, etc)

If you notice any issue with the indi please let me know. I am a newbie in MT4 programming so be gentle on me :P

Enjoy!!

Lis

PS.
rev1 fixed a bug on shortbias MZ
rev2 & 3 fixed some bugs on calculation of MZ box height
rev4 added expired MZ box
rev5 fixed minor bugs
Attachments
Blubbb_ZLines_MZ_rev5.mq4
(8.16 KiB) Downloaded 255 times
Last edited by monolisa on Tue Aug 04, 2009 5:54 pm, edited 5 times in total.
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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monolisa
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Postby monolisa » Tue Aug 04, 2009 3:05 pm

No problem! More than happy to help :)

Lis

zapzinig wrote:
fx_disciple wrote:
zapzinig, did you manually draw the zline or did you use indi like the one monolisa had (I attached the current chart for comparison)?



On daily charts I manually drew the zline. I am testing the indi from monolisa(thanks for that monolisa)

--zz
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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blubbb
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Postby blubbb » Tue Aug 04, 2009 3:16 pm

Very nice. :D When I tried that last time it looked a bit ugly when they overlapped.

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monolisa
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Postby monolisa » Tue Aug 04, 2009 3:23 pm

Thanks, blubbb. I am just fiddling with your masterpiece :P

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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