Signal Bender

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zhaozilong
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Postby zhaozilong » Thu Oct 13, 2011 11:13 pm

Relativity wrote:
lazygeorge wrote:just playing around but i think i will use this the way you made it to be used rather than playing around.


Lol. No its ok, keep playing around. See what you can find, but back it up. It will help you see what price action really is!

Trust me; I still have plenty to do and plenty of tools to play around with and keep learning :

- Fib grids; extensions and retracement grids
- Improve Psych Zones
- Horizontal lines; H1 zero lines, standard supply and demand zones
- Wave theory and patterns
- Tick data


Hello Relativity,

how does the psych zones and the trigger lines work? I notice that it doesnt appear all the time once the original one is breach or after it is used?
when does psych zones and the trigger lines appear?

SBZ means selling buying zone?

Best regards

-zhao
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eurusd h1 14 oct 2011.gif
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Relativity
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Postby Relativity » Fri Oct 14, 2011 4:17 am

zhaozilong wrote:Hello Relativity,

how does the psych zones and the trigger lines work? I notice that it doesnt appear all the time once the original one is breach or after it is used?
when does psych zones and the trigger lines appear?

SBZ means selling buying zone?

Best regards

-zhao


Change the TAD_LongORshort
True = decided to Long
False = decided to Short

The trigger line will appear on 2 conditions :
1-your decision of direction (short or long)
2-the current wave direction. If the current wave of a certain timeframe is down, a long trigger line will appear and vice versa
1+2 matches = lines appear accordingly
That is assuming you already done your analysis.

The lines do disappear when the current wave has 'expired'. Meaning, if you have a short trigger off a long wave, it will expire when the long wave has became a short wave, due to price demand beating supply. This helped me many times, to increase my patience on pulling triggers only if it is really there.

Don't try to fight it. Keeps me safe from the impending order flow. If I are too late to enter a trade, accept that I missed it, move on and wait for the next one. The alarm helps to alert me to enter a trade as not to miss it.

Psych zones work differently. The set of zones only appear if current price is closer. e.g. if price is at 1.4549, then the set of zones at 1.4500 will appear. If price is at 1.4551, then the set of zones at 1.4600 will appear. The indicator's panel will tell you which set of zone is currently closer + the distance away.

All this is done to minimize clutter on the chart. If I did not do these, I am sure you will agree it would be really messy. I only want to see what I need. When you think about it, every single thing I put on display is not without purpose.

SBZ = Signal Bender Zone

zhaozilong
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Postby zhaozilong » Fri Oct 14, 2011 10:20 am

Hello Relativity,

can you explain how to interpret this?

e.g CC-M15X20 = M300 H5 ON MN1 *> Up Wave, +58

what does H5 and what is it significance?

what does +58 means?

Up Wave means the last zigzag line is sloping Up?

if the last zigzag line of the current candle is down, we set the TAD_LongORshort to True and vice versa?

best regards.

-zhao

Relativity
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Postby Relativity » Fri Oct 14, 2011 2:02 pm

zhaozilong wrote:Hello Relativity,

can you explain how to interpret this?

e.g CC-M15X20 = M300 H5 ON MN1 *> Up Wave, +58

what does H5 and what is it significance?

what does +58 means?

Up Wave means the last zigzag line is sloping Up?

if the last zigzag line of the current candle is down, we set the TAD_LongORshort to True and vice versa?

best regards.

-zhao


I chose H5 as I do not trust H4 candles due to time zone differences. H5 IMO is the best compromise. Also, it also factors into how 'time pockets' is constructed. Work this backwards :

1 month = 4 to 5 weeks
1 week = around 5 days
so therefore, if the common factor is to divide by 5, then :
1 day = around 5 sets of 5 hours

This idea is not new. It came mainly from Alexander Elder.
http://www.investopedia.com/articles/tr ... z1alSIEjT1
http://forum.masterforex-v.su/index.php?showtopic=14643

+58 means the current wave has a factor of +58 pips up, using a surprising simple formula onto the candles (prev high - current low VS prev low - current high)

The waves are constructed in this manner
1-construct H5 candles using M15X20
2-apply the formula onto the candles
3-mark off all the highs and lows the formula gives
4-join all the points and wala, we see waves

It will update every 15 mins, rather than having to wait for 5 hours for the current candle to update. I want to know what is happening NOw, rather than to wait.

I found that this makes the wave factor into time decay for price well. Over time, you will see the +58 figure go up or down. If it is going down to the 0 point, you know price is going to 'turn' and create a down wave.

Up Wave means the last zigzag line is sloping Up? = The latest ZZ line is sloping up.

Set the TAD_LongORshort according to your analysis, not accordingly to the direction of the last/current zigzag. If the current zigzag switches to the side you want and the trigger line shows up, then you are good to go.

Relativity wrote:The trigger line will appear on 2 conditions :
1-your decision of direction (short or long)
2-the current wave direction. If the current wave of a certain timeframe is down, a long trigger line will appear and vice versa
1+2 matches = lines appear accordingly
That is assuming you already done your analysis.

zhaozilong
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Postby zhaozilong » Fri Oct 14, 2011 2:23 pm

Relativity wrote:
zhaozilong wrote:Hello Relativity,

can you explain how to interpret this?

e.g CC-M15X20 = M300 H5 ON MN1 *> Up Wave, +58

what does H5 and what is it significance?

what does +58 means?

Up Wave means the last zigzag line is sloping Up?

if the last zigzag line of the current candle is down, we set the TAD_LongORshort to True and vice versa?

best regards.

-zhao


I chose H5 as I do not trust H4 candles due to time zone differences. H5 IMO is the best compromise. Also, it also factors into how 'time pockets' is constructed. Work this backwards :

1 month = 4 to 5 weeks
1 week = around 5 days
so therefore, if the common factor is to divide by 5, then :
1 day = around 5 sets of 5 hours

This idea is not new. It came mainly from Alexander Elder.
http://www.investopedia.com/articles/tr ... z1alSIEjT1
http://forum.masterforex-v.su/index.php?showtopic=14643

+58 means the current wave has a factor of +58 pips up, using a surprising simple formula onto the candles (prev high - current low VS prev low - current high)

The waves are constructed in this manner
1-construct H5 candles using M15X20
2-apply the formula onto the candles
3-mark off all the highs and lows the formula gives
4-join all the points and wala, we see waves

It will update every 15 mins, rather than having to wait for 5 hours for the current candle to update. I want to know what is happening NOw, rather than to wait.

I found that this makes the wave factor into time decay for price well. Over time, you will see the +58 figure go up or down. If it is going down to the 0 point, you know price is going to 'turn' and create a down wave.

Up Wave means the last zigzag line is sloping Up? = The latest ZZ line is sloping up.

Set the TAD_LongORshort according to your analysis, not accordingly to the direction of the last/current zigzag. If the current zigzag switches to the side you want and the trigger line shows up, then you are good to go.

Relativity wrote:The trigger line will appear on 2 conditions :
1-your decision of direction (short or long)
2-the current wave direction. If the current wave of a certain timeframe is down, a long trigger line will appear and vice versa
1+2 matches = lines appear accordingly
That is assuming you already done your analysis.


Hello Relativity,

please tell me if i am correct,

e.g based on my analysis in H1 (e.g using supply/demand zone) the direction is down (price approaching a supply zone), current time frame wave is UP, so i set the TAD_LongORshort to False and wait for the zigzag line to turn and the trigger line to show up.

best regards.

-zhao

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zhaozilong
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Postby zhaozilong » Fri Oct 14, 2011 2:29 pm

Relativity wrote:
zhaozilong wrote:Hello Relativity,

can you explain how to interpret this?

e.g CC-M15X20 = M300 H5 ON MN1 *> Up Wave, +58

what does H5 and what is it significance?

what does +58 means?

Up Wave means the last zigzag line is sloping Up?

if the last zigzag line of the current candle is down, we set the TAD_LongORshort to True and vice versa?

best regards.

-zhao


I chose H5 as I do not trust H4 candles due to time zone differences. H5 IMO is the best compromise. Also, it also factors into how 'time pockets' is constructed. Work this backwards :

1 month = 4 to 5 weeks
1 week = around 5 days
so therefore, if the common factor is to divide by 5, then :
1 day = around 5 sets of 5 hours

This idea is not new. It came mainly from Alexander Elder.
http://www.investopedia.com/articles/tr ... z1alSIEjT1
http://forum.masterforex-v.su/index.php?showtopic=14643

+58 means the current wave has a factor of +58 pips up, using a surprising simple formula onto the candles (prev high - current low VS prev low - current high)

The waves are constructed in this manner
1-construct H5 candles using M15X20
2-apply the formula onto the candles
3-mark off all the highs and lows the formula gives
4-join all the points and wala, we see waves

It will update every 15 mins, rather than having to wait for 5 hours for the current candle to update. I want to know what is happening NOw, rather than to wait.

I found that this makes the wave factor into time decay for price well. Over time, you will see the +58 figure go up or down. If it is going down to the 0 point, you know price is going to 'turn' and create a down wave.

Up Wave means the last zigzag line is sloping Up? = The latest ZZ line is sloping up.

Set the TAD_LongORshort according to your analysis, not accordingly to the direction of the last/current zigzag. If the current zigzag switches to the side you want and the trigger line shows up, then you are good to go.

Relativity wrote:The trigger line will appear on 2 conditions :
1-your decision of direction (short or long)
2-the current wave direction. If the current wave of a certain timeframe is down, a long trigger line will appear and vice versa
1+2 matches = lines appear accordingly
That is assuming you already done your analysis.


Hello Relativity,

please tell me if i am correct,

e.g based on my analysis in H1 (e.g using supply/demand zone) the direction is down (price approaching a supply zone), current time frame wave is UP, so i set the TAD_LongORshort to False and wait for the zigzag line to turn and the trigger line to show up.

best regards.

-zhao

Relativity
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Postby Relativity » Fri Oct 14, 2011 2:33 pm

zhaozilong wrote:Hello Relativity,

please tell me if i am correct,

e.g based on my analysis in H1 (e.g using supply/demand zone) the direction is down (price approaching a supply zone), current time frame wave is UP, so i set the TAD_LongORshort to False and wait for the zigzag line to turn and the trigger line to show up.

best regards.

-zhao


Not a full analysis IMO. Which timeframe of the wave are you refering to?

Its better to post a live chart and analyze that. Thats the best way to learn.

zhaozilong
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Postby zhaozilong » Fri Oct 14, 2011 2:38 pm

Relativity wrote:
zhaozilong wrote:Hello Relativity,

please tell me if i am correct,

e.g based on my analysis in H1 (e.g using supply/demand zone) the direction is down (price approaching a supply zone), current time frame wave is UP, so i set the TAD_LongORshort to False and wait for the zigzag line to turn and the trigger line to show up.

best regards.

-zhao


Not a full analysis IMO. Which timeframe of the wave are you refering to?

Its better to post a live chart and analyze that. Thats the best way to learn.


Hello Relativity,

i have attached the chart, it is EURUSD H1. As you can see, price is approaching a supply zone, and we should short it.

thank you.

-zhao
Attachments
eu h1 14 oct 2011 2236.gif
eu h1 14 oct 2011 2236.gif (53.05 KiB) Viewed 1638 times

Relativity
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Postby Relativity » Fri Oct 14, 2011 3:01 pm

I would ignore EURUSD at this point. Zoom out and you will see that the supply zone to push price back down is weak. Pretty edgy.
Attachments
mod eu_h1_14_oct_2011_2236_134.gif
mod eu_h1_14_oct_2011_2236_134.gif (55.18 KiB) Viewed 1627 times

zhaozilong
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Postby zhaozilong » Fri Oct 14, 2011 3:22 pm

Relativity wrote:I would ignore EURUSD at this point. Zoom out and you will see that the supply zone to push price back down is weak. Pretty edgy.


Hello Relativity,

many thanks, i have attached a AU 1Hr chart as you have suggested. I blieved that will be a good supply area to short as there is a supply zone and there is a SR lines.

So plan of action: SHORT

1) I set TADLongorShort to False
2) I wait for price to approach the supply zone and the SR lines
3) I wait for the zigzag line to turn down
4) I should be alerted by the trigger line and pull the trigger

am i right?

best regards

-zhao
Attachments
au h1 14 oct 2011 2325.gif
au h1 14 oct 2011 2325.gif (55.97 KiB) Viewed 1608 times

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