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  #2401 (permalink)  
Old 07-20-2008, 08:02 PM
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no longer relevant

Last edited by bubble; 09-13-2008 at 10:00 AM.
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  #2402 (permalink)  
Old 07-21-2008, 05:01 AM
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Hello friends,

look at EURJPY now.

Is it a short .... Just pending according to H4.

Anybody going to short ?
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  #2403 (permalink)  
Old 07-21-2008, 07:13 AM
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confirmation

Hello rpasupathy,

i confirm the signals. i went short at 00:11 (GMT+2) with EURJPY and GBPJPY.

PriNova
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  #2404 (permalink)  
Old 07-22-2008, 05:51 AM
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Quote:
Originally Posted by bubble View Post
Personally i dont use zigzags for trading but from what i have read they do have some use in detecting the trend.

Have you thought about using three on the same chart.

Possibly 3 meeting at the same point would indicate a change of trend and 2 would be a correction to the current swing allowing for an entry later or even profit taking.

bubble

May I know why the 3 colors zig zag r different??

Is it dailty,weekly and monthly???

How can I do that??

Thx in advance...
sonic

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  #2405 (permalink)  
Old 07-22-2008, 09:32 AM
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Last edited by bubble; 09-13-2008 at 09:59 AM.
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  #2406 (permalink)  
Old 07-22-2008, 03:43 PM
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MP -- somes good, too many not so good

being a big fan of the ziggies, i do use them for trading, and ESPECIALLY scalping, but as bubble states, they IMMEDIATELY identify trends and give you one heck of a good place to hang your fib levels (couldnt be easier, huh ?).

there are other ways to do it, including ziggy semaphores which do the same as using a full and a half value, but if a full value ziggy and a half value ziggy meet at one point, its a definite signal THAT is the point of no return, also known as take profit !

TRADING with ziggies is a bit harder because they are dynamic support and resistance indicators, and are capable of moving as new information comes in to be computed (aka as "repainting") This is NOT a horrible thing in actuallity, because I dont believe theres ever been an instance of the ziggy top being wrong, just EARLY (which does lead to drawdowns, but not losses !)

enjoy and trade well

mp


Quote:
Originally Posted by bubble View Post
Personally i dont use zigzags for trading but from what i have read they do have some use in detecting the trend.

Have you thought about using three on the same chart.

Possibly 3 meeting at the same point would indicate a change of trend and 2 would be a correction to the current swing allowing for an entry later or even profit taking.

bubble
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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; 07-22-2008 at 04:39 PM.
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  #2407 (permalink)  
Old 07-22-2008, 07:12 PM
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Quote:
Originally Posted by mp6140 View Post
This is NOT a horrible thing in actuallity, because I dont believe theres ever been an instance of the ziggy top being wrong, just EARLY (which does lead to drawdowns, but not losses !)
You kidding right? Yeah you're right if you trade without a stop loss.
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  #2408 (permalink)  
Old 07-23-2008, 01:10 PM
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lol

I love zig zag indicators
Attached Images
File Type: jpg zigzag.jpg (125.0 KB, 452 views)
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  #2409 (permalink)  
Old 07-24-2008, 11:00 AM
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Thumbs up BIG Thanks!

Whoa! Thank you guys for this system!
The first day of my demo trading +130 pips turn!
Second day -> +80 pips and still no losses.
With proper MM could be very productive.

Get all that pips! They belong to us!


Last edited by mogwaycz; 07-24-2008 at 11:19 AM.
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  #2410 (permalink)  
Old 07-24-2008, 11:09 AM
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My template

This is my template. I'm using M30 1H 4H charts.

qqq.gif
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