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LinkBack (70) | Thread Tools | Display Modes |
01-16-2008, 06:02 PM
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MP -- WHY the price moves down and up on the zigzag
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For AVERAGE conditions, the zigzag along with zigzag pointer and z-z1 will show you exit positions, BUT PLEASE NOTE SOMETHING THAT HAS BEEN HAPPENING SINCE XMAS ------ the price will move in the direction you expected BUT THEN REVERSE AT THE 15% FIB, moving back up to form a dbl top ! (assuming the prior move was UPWARDS ! --- for a short, reverse the directions) once it forms the top, and often goes a bit above, it will then head down on the next MARKET REVERSAL, which occur at 10:30 am, noon, 10:30 pm and midnite EST TIME ! and yes, sometimes it do and sometimes it dont but mostly it do, so set your reversals to tp at the 15% fib and see if it continues down or not --- almost always it wont until that double top is formed ! enjoy and trade well your humble servant mp
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Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages ! As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !!     
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01-16-2008, 06:09 PM
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Mp -- Yen Pairs
Not in total agreement as UJ did exactly what it should have done -- moved up for a nice long and reversed to downside at noon est.
the daily trend is DOWN, although im not trading it so didnt look for the bottom, but with that TREND, short is the direction you wish, unless you were to take profit at the normal reversal time of NOON EST and then go short ! enjoy and trade well mp [quote=.Anybody playing yen pair will be burnt today( trading during Asian and European time frame) trying to long on the bottom of the zig-zag. The bottom kept dropping and changed so many times today on all the yen pairs. SL will be triggered numerous occasions. Got to have a feel of the market, and don't try to trade against the trend. Just wait how the trend goes when the US market opens![/QUOTE]
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Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages ! As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !! Last edited by mp6140; 01-16-2008 at 11:46 PM.
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01-17-2008, 02:49 AM
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zig zag indicator
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Last edited by rydnek; 01-18-2008 at 11:06 PM. Reason: Repainting of Revised Indicator "Rydnek Revival"
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01-17-2008, 03:58 AM
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Here is my trade from earlier.
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My Pips in 2008 = +154
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01-17-2008, 04:26 AM
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Variation to this strategy.
I have started a new thread with a variation to this strategy as I did not want to Hijack Bears thread.
It can be found here. Thanks Wayne
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FatCat I am not offering any more signals, sorry.
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01-17-2008, 04:28 AM
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Quote:
Rydnek --- with over 200 pages of stuff to read thru, I wonder what the name of the "zigzag" and pointers on your chart are. I use much the same system, with some s+r differences and am curious as to which ones are on your chart thnx mp
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Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages ! As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !!
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01-17-2008, 04:59 AM
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Mtf Bouncing Pip
Hi,
I have developed a template in the 5M TF with the MTF indicator. Very easy to judge the reversals. Junctions are the reversal points. Attach all indicators and put the template in the 5M TF. ENJOY. Regards, SIDDESH Last edited by SIDDESH; 01-17-2008 at 05:13 AM.
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01-17-2008, 07:12 AM
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Quote:
The zig zag lines REPAINT AND the POINTER does also. I use both as an alert and then use filters, as others have indicated. The variables used for the pointer should match the length of the cycles as close as possible. I am working on adapting the variables in real time to match the cycle length and the price change as close as possible. It is difficult to use these types of indicators in an EA, but it can be done. Thanks again BigBear and other contributors. Rydnek Last edited by rydnek; 01-18-2008 at 11:09 PM. Reason: Pointer REPAINTING (IT DOES)
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01-17-2008, 02:41 PM
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how do i move this signal bar to the left
Hi all,
Could someone help me out with this. I am using the signal bar but i am having a problem on the side where it is located in my chart. It is on the right hand side of the chart and i want it to appear of the left hand side. How do i do that. Hope to hear from you soon. Yours Bertgash
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. Fact is, that I have some other things that I like besides trading, so for tomorrow and thursday I will be out almost all day, helping reading disabled children - such a great work.
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