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monolisa
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Postby monolisa » Wed Aug 05, 2009 1:19 pm

Hi Patch,

I modded blubbb's zline to show mtf zl (also have a mz version). The indis are attached.

Lookback period is 500 bars on each tf as per original blubbb's zline indi.

Lis
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MTF_ZL_v2.mq4
(10.47 KiB) Downloaded 214 times
MTF_MZ_v1.mq4
(9.08 KiB) Downloaded 204 times
"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 » Wed Aug 05, 2009 2:53 pm

Today's EURJPY MZ trade

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

Who Am I ?
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Postby Who Am I ? » Wed Aug 05, 2009 4:39 pm

Hi Lis,

Thank you very much for these versions of MZ and ZL indies. I am trying to play with MZ indi.... On this chart you posted, did you load multiple instances of MZ indi with different TF values? Can you share the settings that you have on your chart, please?

Thank you.
WAI?

monolisa wrote:Today's EURJPY MZ trade

Image

Lis

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MightyOne
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Postby MightyOne » Wed Aug 05, 2009 6:22 pm

Here is the Diamond of Perception formula used on the EJ minute last night.

While the momentum was bullish on the H1, price did make a larger correction than the previous corrections which returned to reach new highs and I expected a dynamic trend reversal.

It is very dangerous to trade against H1 momentum so I dropped down to the minute charts and used M1 202 on the charts for a 55 pip gain.

The VAST MAJORITY of the time I am trading with H1 momentum as it is suicide not to with few exceptions.

See if you can find any secrets revealed in this chart:

Image

Keep growing and learning -MO

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MightyOne
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Postby MightyOne » Wed Aug 05, 2009 7:04 pm

Angles are of high value when you find a way to transfer what you see onto different scales and compressions.

If a chart was following a 25 degree angle and you change the scale does it still follow the 25 degree angle?

No, but what is 25 degrees from the old scale transferred onto the new scale?

That is what the Diamond of Perception is all about; taking relevant angles and adjusting them through the different scales.

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es/pip
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Postby es/pip » Wed Aug 05, 2009 7:11 pm

MightyOne wrote:Here is the Diamond of Perception formula used on the EJ minute last night.

While the momentum was bullish on the H1, price did make a larger correction than the previous corrections which returned to reach new highs and I expected a dynamic trend reversal.

It is very dangerous to trade against H1 momentum so I dropped down to the minute charts and used M1 202 on the charts for a 55 pip gain.

The VAST MAJORITY of the time I am trading with H1 momentum as it is suicide not to with few exceptions.

See if you can find any secrets revealed in this chart:

Image

Keep growing and learning -MO



not sure if this is what you are looking for

as you said -- i see the largest correction that returned to the high-- and then the real move that broke that range of prev correction

since the speed was going up at 25 deg and either decreases by 1/2 or increases by 2---- as the market sold of and increased by 2 u drew a 50 deg channel and got out at the bottom of that channel
Bend over and assume the position for another 4 years of hope and change.

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Postby Who Am I ? » Wed Aug 05, 2009 7:37 pm

Just spotted your fibo level 1 note on your chart!
May be weekly ZL at 137.673 was one of the reasons (exceptions) that you traded against H1 momo using Diamond perception formula.


-- WAI?



es/pip wrote:
MightyOne wrote:Here is the Diamond of Perception formula used on the EJ minute last night.

While the momentum was bullish on the H1, price did make a larger correction than the previous corrections which returned to reach new highs and I expected a dynamic trend reversal.

It is very dangerous to trade against H1 momentum so I dropped down to the minute charts and used M1 202 on the charts for a 55 pip gain.

The VAST MAJORITY of the time I am trading with H1 momentum as it is suicide not to with few exceptions.

See if you can find any secrets revealed in this chart:

Image

Keep growing and learning -MO



not sure if this is what you are looking for

as you said -- i see the largest correction that returned to the high-- and then the real move that broke that range of prev correction

since the speed was going up at 25 deg and either decreases by 1/2 or increases by 2---- as the market sold of and increased by 2 u drew a 50 deg channel and got out at the bottom of that channel

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es/pip
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Postby es/pip » Wed Aug 05, 2009 9:36 pm

from last night and today

had some other scalps off the pound 4hr zline




Image

Image

Image


Image
Bend over and assume the position for another 4 years of hope and change.

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MightyOne
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Postby MightyOne » Wed Aug 05, 2009 11:51 pm

That is a very powerful rule of thumb you pointed out there es/pip; it is a mystery as to why more people do not use it...
Probably because I don't like to talk about it ;)

On the bottom left of my chart there is what looks to be a formula, but in reality it is just MO shorthand (the kind that makes TRO's skin crawl).

Later on I will show you an easy way to construct a Diamond of Perception and talk about its 3 types.

Then maybe we can move on to 202 now that there are more people that understand the basics.

es/pip wrote:
MightyOne wrote:Here is the Diamond of Perception formula used on the EJ minute last night.

While the momentum was bullish on the H1, price did make a larger correction than the previous corrections which returned to reach new highs and I expected a dynamic trend reversal.

It is very dangerous to trade against H1 momentum so I dropped down to the minute charts and used M1 202 on the charts for a 55 pip gain.

The VAST MAJORITY of the time I am trading with H1 momentum as it is suicide not to with few exceptions.

See if you can find any secrets revealed in this chart:

Image

Keep growing and learning -MO



not sure if this is what you are looking for

as you said -- i see the largest correction that returned to the high-- and then the real move that broke that range of prev correction

since the speed was going up at 25 deg and either decreases by 1/2 or increases by 2---- as the market sold of and increased by 2 u drew a 50 deg channel and got out at the bottom of that channel

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es/pip
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Postby es/pip » Wed Aug 05, 2009 11:58 pm

MightyOne wrote:That is a very powerful rule of thumb you pointed out there es/pip; it is a mystery as to why more people do not use it...
Probably because I don't like to talk about it ;)

On the bottom left of my chart there is what looks to be a formula, but in reality it is just MO shorthand (the kind that makes TRO's skin crawl).

Later on I will show you an easy way to construct a Diamond of Perception and talk about its 3 types.

Then maybe we can move on to 202 now that there are more people that understand the basics.

es/pip wrote:
MightyOne wrote:Here is the Diamond of Perception formula used on the EJ minute last night.

While the momentum was bullish on the H1, price did make a larger correction than the previous corrections which returned to reach new highs and I expected a dynamic trend reversal.

It is very dangerous to trade against H1 momentum so I dropped down to the minute charts and used M1 202 on the charts for a 55 pip gain.

The VAST MAJORITY of the time I am trading with H1 momentum as it is suicide not to with few exceptions.

See if you can find any secrets revealed in this chart:

Image

Keep growing and learning -MO



not sure if this is what you are looking for

as you said -- i see the largest correction that returned to the high-- and then the real move that broke that range of prev correction

since the speed was going up at 25 deg and either decreases by 1/2 or increases by 2---- as the market sold of and increased by 2 u drew a 50 deg channel and got out at the bottom of that channel



the fact that what you have showed is " just the basics" is exciting to say the least

i am more than ready to learn what you are willing to show
Bend over and assume the position for another 4 years of hope and change.

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