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fx_disciple
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Postby fx_disciple » Wed Aug 05, 2009 4:13 am

@monolisa

I've been watching how the indi worked, I saw the line showed 2 hours ago (for short) right after the current bar start. Is this correct/normal or did I miss something (from the settings or anything else maybe)? I mean the line lag by 2 bars, maybe it would be better if it only lag 1 bar.

Thanks for the replies monolisa, zapzinig, dragon33. I really appreciate any lesson from you guys.
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monolisa
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Postby monolisa » Wed Aug 05, 2009 4:48 am

fx_disciple,

The line won't be drawn until the momo bar closes. As we need 2 bars to confirm a combo of pre-momo and momo formation, unfortunately, there is a 2 bar lag.

I just tweaked the MZ indi to show multiple timeframe. Here's a H1 chart to show all H1,H4,D1,W1 MZ. A bit of a mess, isn't it? :)

Image

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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fx_disciple
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Postby fx_disciple » Wed Aug 05, 2009 6:48 am

@monolisa

thanks for the explanation, that really helps. on a second thought, actually the indi only lag 1 bar because the line will draw right at the open (missing only 1 bar of the potential trade). Meh, I can dwell with it as long as it doesn't miss the entire run :)


I'm going live with this great setup, prolly tomorrow. can't really know the effectiveness of any setup unless using it with real money real-time, micro would be good for me now though.

Humble
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Postby Humble » Wed Aug 05, 2009 7:54 am

Lis, what about a MTF ZL indi that shows the zl instead of the mz? ie if we had the option to show say a 4hr zl on the 1hr chart. The line would be a different colour or thickness or whatever and labelled 4 hour 22 days ago.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

i_love_delta
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Postby i_love_delta » Wed Aug 05, 2009 8:17 am

thank you for the answer, Monolisa

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prochargedmopar
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Postby prochargedmopar » Wed Aug 05, 2009 8:43 am

Wick trade:

Z-line on M5 and M15...here was just a wick to body entrance......
purple line to red line.
+21.4

EUR/JPY 1 B 136.749 136.963 21.4 2.25 0.00 8/5/2009 03:28 8/5/2009 04:36

Image
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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monolisa
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Postby monolisa » Wed Aug 05, 2009 9:28 am

Pro,

Where are the M5 and M15 zlines? What's the goal of your trade (H1 MZ??)?

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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***FX-JEDI***
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Postby ***FX-JEDI*** » Wed Aug 05, 2009 11:54 am

Hi I've being on holidays for a while, back home next week,
but still looking at this thread when I get the chance,
Got 146.20 pips off AUD fri/mon as I expected AUD reached my target of 0.8300 :)
Anyway here is a few shots off laptop so sorry about quality.
I think I understand the momo bar & zl area. I have combine fib levels & KR candles with this as its what I know, shown below on shots

oh, yeah not shown on HR chart but where price bounces up off the daily 61.8 at 1.4000 level it also happens to be at a down 161.8 fib ext on hr gotta love fib convergences at whole numbers, now combining this with Zl's I hope to be unstoppable in capturing pips
Thanks peoples :D
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euro daily.PNG
euro daily.PNG (36.18 KiB) Viewed 1408 times
Its better to be out of the market wishing you were in,
then being in the market wishing you were out.....

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monolisa
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Postby monolisa » Wed Aug 05, 2009 12:51 pm

Like this, Humble??

Image

Lis

Humble wrote:Lis, what about a MTF ZL indi that shows the zl instead of the mz? ie if we had the option to show say a 4hr zl on the 1hr chart. The line would be a different colour or thickness or whatever and labelled 4 hour 22 days ago.
"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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Patch
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Postby Patch » Wed Aug 05, 2009 1:14 pm

monolisa

What indi are you using? how are you able to select 4 hour bars? and how do you determine how far back you look?

Patch
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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