LegendofZline wrote:LeMercenaire wrote:Columba wrote:In the spirit of "price moves away from an initial point" . . . that would be BZ to most of us on the D1 or session opening.
However, perhaps because I had a bit of extra time on my hands, I ran a series of [random] Einstein entries when turning on my computer at a non-standard time. One the one hand, a session opening BZ makes more sense to me, BUT over a small sample the Einstein performed admirably. Price, given time and patience, is going (obviously) to move off from any initial point pass plus or minus 7 and keep going.
Although it shouldn't be, this was something of a revelation to me . . . at least the recognition that one may very likely be able to take Einstein entries, which are a unique BZ of their own, profitably.
Now it is true that some entries did tap across the + or - 7 Einstein line, a qualified entry, and retrace back and hit the other end of the 'zone' for a SL, BUT if one patiently stays with it, within each session, a positive outcome seems likely. Even more likely if you place Einstein lines on for several pairs. As my sample got bigger, it became more stable with an expectation of a total positive outcome.
I guess I am not saying this is better than being there to set up a daily BZ or for each session you are awake (therefore [i]not London for me), but if you arrive to the party late for any reason, our friend Professor Einstein is still there to help. I understand this is not going to turn (m)any into serious Einstein traders, but it might be part of my effort to harvest a percent or even two as many days as possible.
After all, Price will either go up or down. All you need is a horizontal line.
Good success crossing those lines to all, C[/i]
Did you do any more follow-up on this?
Where do we get the Einstein and how do we use it? I know it’s like bz but randomly spotted when you enter market. Anymore in depth info would be great on how to use it.
It's in the Motherlodes folder if I remember correctly.