ZL, D+ extremes, TL breaks, cones

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

thepark
rank: 50+ posts
rank: 50+ posts
Posts: 98
Joined: Fri Jul 09, 2010 5:00 pm
Reputation: 69
Gender: None specified

ZL, D+ extremes, TL breaks, cones

Postby thepark » Thu Dec 03, 2020 3:16 pm

Image

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
cheunt3
rank: <50 posts
rank: <50 posts
Posts: 16
Joined: Fri Jan 16, 2015 11:20 am
Reputation: 11
Gender: None specified

Re: ZL, D+ extremes, TL breaks, cones

Postby cheunt3 » Fri Dec 04, 2020 2:49 am

thepark wrote:Image


Nice, I love it.

I am thinking about moving to Traders View, hate the trend line tool in MT4 as it keeps moving.
MO "Don't try to predict what will happen next, simply aim to consistently apply your ideas."

thepark
rank: 50+ posts
rank: 50+ posts
Posts: 98
Joined: Fri Jul 09, 2010 5:00 pm
Reputation: 69
Gender: None specified

Re: ZL, D+ extremes, TL breaks, cones

Postby thepark » Fri Dec 04, 2020 1:58 pm

thanks mate, trading view is good but doesnt have mt4 indicators like CCs this thread is about learning to put into practice my interpretation of ideas from MO, v8power, dchappy. im not an expert, just someone looking to improve

User avatar
cheunt3
rank: <50 posts
rank: <50 posts
Posts: 16
Joined: Fri Jan 16, 2015 11:20 am
Reputation: 11
Gender: None specified

Re: ZL, D+ extremes, TL breaks, cones

Postby cheunt3 » Fri Dec 04, 2020 2:57 pm

thepark wrote:thanks mate, trading view is good but doesnt have mt4 indicators like CCs this thread is about learning to put into practice my interpretation of ideas from MO, v8power, dchappy. im not an expert, just someone looking to improve


I am playing with angles, too. How are they working out for you? Are you trading with them?

I played with horiz and angles but I found it confusing and second myself most of the time and decided to just use angles.
MO "Don't try to predict what will happen next, simply aim to consistently apply your ideas."

thepark
rank: 50+ posts
rank: 50+ posts
Posts: 98
Joined: Fri Jul 09, 2010 5:00 pm
Reputation: 69
Gender: None specified

Re: ZL, D+ extremes, TL breaks, cones

Postby thepark » Fri Dec 04, 2020 3:56 pm

im just getting a feel for them now but it seems to be able to show some structure with the PA like the below

Image

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
cheunt3
rank: <50 posts
rank: <50 posts
Posts: 16
Joined: Fri Jan 16, 2015 11:20 am
Reputation: 11
Gender: None specified

Re: ZL, D+ extremes, TL breaks, cones

Postby cheunt3 » Sat Dec 05, 2020 2:12 am

Angles and cones are certainly a lot of fun

anglesEJ.png
anglesEJ.png (79.37 KiB) Viewed 882 times
MO "Don't try to predict what will happen next, simply aim to consistently apply your ideas."

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1288
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 311
Location: South Africa
Gender: None specified
Contact:

Re: ZL, D+ extremes, TL breaks, cones

Postby Jalarupa » Sat Dec 05, 2020 5:12 am

The Diamond of perception IS the h0ly gr@il
I was born in the darkest ignorance, and my spiritual master opened my eyes with the torch of knowledge. I offer my respectful obeisances unto him.

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1288
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 311
Location: South Africa
Gender: None specified
Contact:

Re: ZL, D+ extremes, TL breaks, cones

Postby Jalarupa » Sat Dec 05, 2020 7:18 am

thepark wrote:thanks mate, trading view is good but doesnt have mt4 indicators like CCs this thread is about learning to put into practice my interpretation of ideas from MO, v8power, dchappy. im not an expert, just someone looking to improve


I have a solution for this problem... It's something I have put together over the years...

You will need the following software

Auto hotkey

This code for always on top and window transparency

Code: Select all

#InstallKeybdHook
#SingleInstance force
/*
Hotkeys:
Alt-A: make window always on top

Alt-W: make window less transparent
Alt-S: make window more transparent

Alt-X: make window clickthoughable
Alt-Z: make window under mouse unclickthroughable
*/

!a::
WinGet, currentWindow, ID, A
WinGet, ExStyle, ExStyle, ahk_id %currentWindow%
if (ExStyle & 0x8)  ; 0x8 is WS_EX_TOPMOST.
{
   Winset, AlwaysOnTop, off, ahk_id %currentWindow%
   SplashImage,, x0 y0 b fs12, OFF always on top.
   Sleep, 1500
   SplashImage, Off
}
else
{
   WinSet, AlwaysOnTop, on, ahk_id %currentWindow%
   SplashImage,,x0 y0 b fs12, ON always on top.
   Sleep, 1500
   SplashImage, Off
}
return

!w::
WinGet, currentWindow, ID, A
if not (%currentWindow%)
{
   %currentWindow% := 255
}
if (%currentWindow% != 255)
{
   %currentWindow% += 5
   WinSet, Transparent, % %currentWindow%, ahk_id %currentWindow%
}
SplashImage,,w100 x0 y0 b fs12, % %currentWindow%
SetTimer, TurnOffSI, 1000, On
Return

!s::
SplashImage, Off
WinGet, currentWindow, ID, A
if not (%currentWindow%)
{
   %currentWindow% := 255
}
if (%currentWindow% != 5)
{
   %currentWindow% -= 5
   WinSet, Transparent, % %currentWindow%, ahk_id %currentWindow%
}
SplashImage,, w100 x0 y0 b fs12, % %currentWindow%
SetTimer, TurnOffSI, 1000, On
Return

!x::
WinGet, currentWindow, ID, A
WinSet, ExStyle, +0x80020, ahk_id %currentWindow%
return

!z::
MouseGetPos,,, MouseWin ; Gets the unique ID of the window under the mouse
WinSet, ExStyle, -0x80020, ahk_id %currentWindow%
Return

TurnOffSI:
SplashImage, off
SetTimer, TurnOffSI, 1000, Off
Return


Then you will need good drawing software...

I currently use Epic Pen (with my touch screen laptop and stylus) - This comes with its own overlay transparency feature (you can use this and skip the above autohotkey step if you don't want to use it)

But any freeware will do as well...

Method

First, Lock your chart size using the "scale fix" option in the chart properties

Then, draw your lines on the chart in MT4

Image

Now trace the lines with either a tool like Epic Pen, or another drawing tool, using the Autohotkey transparency feature... (I'm using Epic Pen (cause it way easier, but not better... you could probably get better features and accuracy on other drawing software)

Image

Now, pull your "chart shift" as far to the left as possible... and disable *AUTO SCROLLING*

Image

Now you will be able to see how price moves around your lines... Let's take a look going backwards (as the diamond lines were done on recent price action)...

Image

Looks Good!

Now if you let price run in a live environment, your lines will never change their angle... AND GET THIS! you can also use them on other pairs, by 'fitting' the price action to the chart...

Image

I hope this works for you, as Tradingview's trendlines are not a 100% fixed in space (they move as well, just not as much, nor as often) - Doing it this way and "fitting" the price action and then locking it is the best way to be 100% sure that YOUR line is YOUR LINE

This method of actually SEEING the price algorithm is the most perfect knowledge that was provided to us by MO back in the NLA thread, coupled with his many lessons on Money Management and being disciplined and not scared of failure/loss is what will ensure consistency in account growth... I've seen it in my own account this year. 2020 has been one of the most challenging years for me in my trading pursuits... from being up 80%, to giving it all back and falling into the depths of despair and doubt... I had forgotten the power of this method and got caught up with trying to trade with a strong fundamental bias (as this is where I was successful early on)... When in fact fundamentals are only 'part' of the equation...

I can now say without a doubt that this method is the only method I will use to trade in 2021.

Happy to see you are exploring it as well.

- Jala
I was born in the darkest ignorance, and my spiritual master opened my eyes with the torch of knowledge. I offer my respectful obeisances unto him.

thepark
rank: 50+ posts
rank: 50+ posts
Posts: 98
Joined: Fri Jul 09, 2010 5:00 pm
Reputation: 69
Gender: None specified

Re: ZL, D+ extremes, TL breaks, cones

Postby thepark » Sat Dec 05, 2020 8:36 am

Jalarupa wrote:
thepark wrote:thanks mate, trading view is good but doesnt have mt4 indicators like CCs this thread is about learning to put into practice my interpretation of ideas from MO, v8power, dchappy. im not an expert, just someone looking to improve


I have a solution for this problem... It's something I have put together over the years...

You will need the following software

Auto hotkey

This code for always on top and window transparency

Code: Select all

#InstallKeybdHook
#SingleInstance force
/*
Hotkeys:
Alt-A: make window always on top

Alt-W: make window less transparent
Alt-S: make window more transparent

Alt-X: make window clickthoughable
Alt-Z: make window under mouse unclickthroughable
*/

!a::
WinGet, currentWindow, ID, A
WinGet, ExStyle, ExStyle, ahk_id %currentWindow%
if (ExStyle & 0x8)  ; 0x8 is WS_EX_TOPMOST.
{
   Winset, AlwaysOnTop, off, ahk_id %currentWindow%
   SplashImage,, x0 y0 b fs12, OFF always on top.
   Sleep, 1500
   SplashImage, Off
}
else
{
   WinSet, AlwaysOnTop, on, ahk_id %currentWindow%
   SplashImage,,x0 y0 b fs12, ON always on top.
   Sleep, 1500
   SplashImage, Off
}
return

!w::
WinGet, currentWindow, ID, A
if not (%currentWindow%)
{
   %currentWindow% := 255
}
if (%currentWindow% != 255)
{
   %currentWindow% += 5
   WinSet, Transparent, % %currentWindow%, ahk_id %currentWindow%
}
SplashImage,,w100 x0 y0 b fs12, % %currentWindow%
SetTimer, TurnOffSI, 1000, On
Return

!s::
SplashImage, Off
WinGet, currentWindow, ID, A
if not (%currentWindow%)
{
   %currentWindow% := 255
}
if (%currentWindow% != 5)
{
   %currentWindow% -= 5
   WinSet, Transparent, % %currentWindow%, ahk_id %currentWindow%
}
SplashImage,, w100 x0 y0 b fs12, % %currentWindow%
SetTimer, TurnOffSI, 1000, On
Return

!x::
WinGet, currentWindow, ID, A
WinSet, ExStyle, +0x80020, ahk_id %currentWindow%
return

!z::
MouseGetPos,,, MouseWin ; Gets the unique ID of the window under the mouse
WinSet, ExStyle, -0x80020, ahk_id %currentWindow%
Return

TurnOffSI:
SplashImage, off
SetTimer, TurnOffSI, 1000, Off
Return


Then you will need good drawing software...

I currently use Epic Pen (with my touch screen laptop and stylus) - This comes with its own overlay transparency feature (you can use this and skip the above autohotkey step if you don't want to use it)

But any freeware will do as well...

Method

First, Lock your chart size using the "scale fix" option in the chart properties

Then, draw your lines on the chart in MT4

Image

Now trace the lines with either a tool like Epic Pen, or another drawing tool, using the Autohotkey transparency feature... (I'm using Epic Pen (cause it way easier, but not better... you could probably get better features and accuracy on other drawing software)

Image

Now, pull your "chart shift" as far to the left as possible... and disable *AUTO SCROLLING*

Image

Now you will be able to see how price moves around your lines... Let's take a look going backwards (as the diamond lines were done on recent price action)...

Image

Looks Good!

Now if you let price run in a live environment, your lines will never change their angle... AND GET THIS! you can also use them on other pairs, by 'fitting' the price action to the chart...

Image

I hope this works for you, as Tradingview's trendlines are not a 100% fixed in space (they move as well, just not as much, nor as often) - Doing it this way and "fitting" the price action and then locking it is the best way to be 100% sure that YOUR line is YOUR LINE

This method of actually SEEING the price algorithm is the most perfect knowledge that was provided to us by MO back in the NLA thread, coupled with his many lessons on Money Management and being disciplined and not scared of failure/loss is what will ensure consistency in account growth... I've seen it in my own account this year. 2020 has been one of the most challenging years for me in my trading pursuits... from being up 80%, to giving it all back and falling into the depths of despair and doubt... I had forgotten the power of this method and got caught up with trying to trade with a strong fundamental bias (as this is where I was successful early on)... When in fact fundamentals are only 'part' of the equation...

I can now say without a doubt that this method is the only method I will use to trade in 2021.

Happy to see you are exploring it as well.

- Jala



Thanks Jala, honored to have you reply in this thread as you are one of the OGs in my book. I am solely using tradingview now but this might come in handy if i ever start using MT4 again. Were you less focused on using cones this year?

What do you think of EJ short? I am thinking if it starts moving lower target 125.17.

Image

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1288
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 311
Location: South Africa
Gender: None specified
Contact:

Re: ZL, D+ extremes, TL breaks, cones

Postby Jalarupa » Sat Dec 05, 2020 9:59 am

Happy to be here thanks thepark!

Image

This is how I see it... I like to watch price behavior at these lines... Normally you get an initial rejection, followed by either a break or a validation of the lines' ability to support or resist price...

This will frame initial bias and plans for longer term moves (targets)

Herewith my thoughts...

Image

In respect to a short next week... If you already short that's great... you in the money! If you looking to get short, you can trade rejection of the intra-day lines... But if you were looking for a long entry then you would know very quickly if you are correct, as you are currently near / at support...

I don't know if this helps at all... but looking at the price run into the close of the week, EUR is being offered... But I still see it hitting 1.22 at some stage in the next couple of weeks... at least this is where a short target of mine is, so I would expect it to get there...

In respect with your analysis, it looks great! You will know fairly quickly when you are right or wrong, and this at the end of the day is the most important thing to see if you want to keep your losses small and give your winners time to do better for you.

- Jala
I was born in the darkest ignorance, and my spiritual master opened my eyes with the torch of knowledge. I offer my respectful obeisances unto him.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”