Scratty ZLine model

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jarnapal
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Re: Scratty ZLine model

Postby jarnapal » Fri May 28, 2010 5:58 am

MightyOne wrote:
jarnapal wrote:
MightyOne wrote:
jarnapal wrote:
MightyOne wrote:
JESGPY wrote:
MightyOne wrote:
scratty wrote:Some thoughts? The last cutted arrow is the entry signal...



Did you highlight that CC by hand, because there are a lot of errors.


We (i) do not do it like that because price loses the power of the Momentum Candle the further it is from it.

If I were looking to go long, I would need a higher time frame CC with PA closer to the Momentum Candle.

If there is one thing that should not be in the Mighty Zone it is bodies.

Bodies in the direction of profit

Wicks (within the MZ) in the direction of loss.

If price closes over a line... :shock:


I do not throw out these cute lines without reason :lol:


Lastly, MZ & ZL are cheats for trading EQUILIBRIUM LINES



MO.
When you say this:
If there is one thing that should not be in the Mighty Zone it is bodies.

Bodies in the direction of profit

Wicks (within the MZ) in the direction of loss.


You always mean the candles in which the MZ formed right?

If I am trading a 4h MZ it doesnt matter if 15m candles close within it right?
It only maters if the if a 4h candles closes within it, right?

thanks for the reply.

JUAN


In a Zline trade the CC never closes in the MZ.

In a Support trade (2nd candle off MOMO) the CC
Could have closed in the MZ but the next CC cannot close lower than the previous candle.

If you are trading the 4H then it does not matter that a 15m candle closed in the MZ of the 4H MOMO candle.


MightyOne. With CC do you mean Custom Candle ?

Sorry, you just said that it does not matter if different candle from lower TF closes in the MZ but,

"In a Zline trade the CC never closes in the MZ."

If I have mightyzone from h1 candle then H3 CC can't close inside he H1 MZ ?


CC = Custom Candle

If the MZ was created with H1 candles then the rule applies to H1 candles.

A MZ created by H3 CC cannot have a CC close in the MZ.

However, in a S&R trade, a candle can close in the MZ and one can trade off the low extremes of the next CC so long as it does not close lower than the prev. candle.


Hehe you already answered. That was fast! Thank you. I deleted my question as I realised that if CC closed in H1 mightyzone then it means that one of the H1 bodies had to close inside the MZ, which you already answered ;)


What can I say, I live at the computer :wink:


You are like the Stig from the Top Gear show. Nobody knows nothing about you except that you are a trading star. lol :twisted:

I think you are AI (artificial Intel...)

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scratty
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Re: Scratty ZLine model

Postby scratty » Fri May 28, 2010 7:09 am

Not by hand. That would be too much effort :-). Its candles_m-Candles_m_TRO_Modified indicator.



MightyOne wrote:
scratty wrote:Some thoughts? The last cutted arrow is the entry signal...



Did you highlight that CC by hand, because there are a lot of errors.


We (i) do not do it like that because price loses the power of the Momentum Candle the further it is from it.

If I were looking to go long, I would need a higher time frame CC with PA closer to the Momentum Candle.

If there is one thing that should not be in the Mighty Zone it is bodies.

Bodies in the direction of profit

Wicks (within the MZ) in the direction of loss.

If price closes over a line... :shock:


I do not throw out these cute lines without reason :lol:


Lastly, MZ & ZL are cheats for trading EQUILIBRIUM LINES
Lose professionally!

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scratty
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Re: Scratty ZLine model

Postby scratty » Fri May 28, 2010 7:16 am

Thanks for your feedback.

I also trade this if the momo candle is closer. But probably it would be better to trade only the Momocandle closer to the actual pa. Have to remember that! thanks. Still a long way to go...

MightyOne wrote:
scratty wrote:Some thoughts? The last cutted arrow is the entry signal...



Did you highlight that CC by hand, because there are a lot of errors.


We (i) do not do it like that because price loses the power of the Momentum Candle the further it is from it.

If I were looking to go long, I would need a higher time frame CC with PA closer to the Momentum Candle.

If there is one thing that should not be in the Mighty Zone it is bodies.

Bodies in the direction of profit

Wicks (within the MZ) in the direction of loss.

If price closes over a line... :shock:


I do not throw out these cute lines without reason :lol:


Lastly, MZ & ZL are cheats for trading EQUILIBRIUM LINES
Lose professionally!

jarnapal
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Postby jarnapal » Fri May 28, 2010 7:23 am

Scratty, I feel a bit uncomfortable posting my charts in your thread but I thought it's better to discuss ZL here than make a new thread. Let me know if you want to keep the thread for your ZLines.

Ok heres a pic
Image

Price just hit daily zeroline but ahead there is H1 zeroline inside the H4 mighty zone but also last H4 candle developed strong MOMO.

Should we act according do daily zeroline or see a small pull back and ride up as the H4 developed strong MOMO. Or it's best to wait ? (but why wait if there's money to me made :lol

EDIT* I can answer to my own post. There was strong daily momo already that closed above the previous down MOMO. We will probably see price going up.

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Postby jarnapal » Fri May 28, 2010 9:00 am

:shock:
Image

But I chickened out and took my profit earlier (happens a lot ) :)

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Postby scratty » Fri May 28, 2010 9:27 am

internet is a free place. Everybody is allowed to post charts here!
Lose professionally!

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Re: Scratty ZLine model

Postby TygerKrane » Thu Jun 03, 2010 1:31 pm

jarnapal wrote:You are like the Stig from the Top Gear show. Nobody knows nothing about you except that you are a trading star. lol :twisted:

I think you are AI (artificial Intel...)


Yes, this, plus a computer equals MO :lol:
http://en.wikipedia.org/wiki/The_stig

Image

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Re: Scratty ZLine model

Postby gfg1 » Thu Jun 03, 2010 2:10 pm

Tyger and jarnapal, do not forget MO's cheering section. lol

TygerKrane wrote:
jarnapal wrote:You are like the Stig from the Top Gear show. Nobody knows nothing about you except that you are a trading star. lol :twisted:

I think you are AI (artificial Intel...)


Yes, this, plus a computer equals MO :lol:
http://en.wikipedia.org/wiki/The_stig

Image
Attachments
MO.jpg
MO.jpg (51.92 KiB) Viewed 3012 times
Price closed over a line that you believed to be support and that is the first indication that something is WRONG-MO

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Re: Scratty ZLine model

Postby TygerKrane » Tue Jun 15, 2010 4:47 pm

:idea: MightyOne :idea: wrote:
scratty wrote:Some thoughts? The last cutted arrow is the entry signal...



Did you highlight that CC by hand, because there are a lot of errors.


We (i) do not do it like that because price loses the power of the Momentum Candle the further it is from it.

If I were looking to go long, I would need a higher time frame CC with PA closer to the Momentum Candle.

If there is one thing that should not be in the Mighty Zone it is bodies.

Bodies in the direction of profit

Wicks (within the MZ) in the direction of loss.

If price closes over a line... :shock:


I do not throw out these cute lines without reason :lol:


Lastly, MZ & ZL are cheats for trading EQUILIBRIUM LINES

:idea: MightyOne :idea: wrote: Lastly, MZ & ZL are cheats for trading EQUILIBRIUM LINES
Realizing the connection, I felt the strong urge to link these two pieces of information together in one place, right next to each other. {That statement to this pic}:
http://kreslik.com/forums/viewtopic.php?p=40227#40227
Image



Hope no one minds me re-hashing info, thought it might help to have the picture next to the statement...

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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