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This may be of interest for entry triggers towards uncleared zones.
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Which method are you speaking of? I have presented many. \\// Suspicious meaning what?
Back up your statement with more detail and possibly a picture please. Some methods I show are not my concepts but more rather derivatives of another poster. Some are not even based on the theory presented. Some are clever ways of using the indicator along with others to make trades.
Be specific in your comment.
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The theory does not talk on trading at all. It’s just clueing you in on a high probability condition in the market. 97% of the time price will revisit itself given it was only hit once.
The method present by EURUSDD was only one way to attempt to trade this high probability condition. Near constant.
Price not candles
The candle method of proving this theory and trading it is flawed.
How do you prove a price was hit only once of using candles? Best attempt for chart watchers is to use the smallest time frame with candles. Even better is to have an algorithm do the job for you by watching price itself and not candles. The you can drop the H and K funny business But…
Turns out that candels also hold a certain probability of being revisited by future candles but that’s not the theory of price recurrency.
Best I came up with was a 1 minute candle with a 1 pip k for entry trigger mixed with dynamic grid. Works great, but that percentage of transient zone (Fast break trend changes and such) can catch you in a moster DD if you are not careful.
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You clearly have NO understanding of this.
How do you prove no retest? Not by bars or candles. How do you prove a price point only was hit once in history? Also that would them be the rare even 3% transient price.
What would you suggest as a tool to catch these problem areas with single price hits? Wormholes if you will? Price recurrency at times is so quick that it happens in the same few seconds.
So yes, prove the 97% constant theory and then find a way to exploit it. Much has already been tested so we do see issues.
The 97% recurrent is a theory not a method.
The H transient zones is a method. ONE IDEA TO CATCH AND AVOID THE PTZ (Possible Transient Zone)
Don’t be all ears. Be a participant in developing a possible method. There are other market constants you can target as well.
It already works this way.
Without seeing the rest of your settings I would guess that your set failed an that last trade is off of a reset.
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I was not displaying EURUSDD’s way of trading TZs
I’m very clear on that.
Also in your understanding you are showing one of the ways you could capture a PTZ
The main idea is about the near constant market aspect of recurrent prices. Price is recurrent 97% of the time is what was stated.
now if you could catch a price that was only hit once (small window of opportunity) you may be able to exploit the ride back for the second touch.
PTZ on the smallest timeframe is said to be the best opportunity to catch this event of a price touched once. Better be quick though.
The other thing is to not trade with the intent of clearing the PTZ but more rather the prices prior to clearing it. Treat PTZs as completed TZ and avoid them. K is your deviation from price. It should be small. How you determine K is your own because it’s your trigger for entry. 3 pips? 5, 10? Whatever
All sounds good but trading it and getting caught is a super DD is very possible. That’s why we look for alternative ways to use this TZ information.
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http://www.forexfactory.com/showthread.php?p=9376532#post9376532
Three day bunker buster counter trend explosion!
THIS IS NOT THE SSBO METHOD! THIS IS A BREAKOUT EXPANSION REVERSAL SCALP USING THE ROSSBOT.
With that being said can you see a dynamic grid trader mounted at the trigger to sop up that runaway trend and avoid the eventual stomach churning dd?
3 day H/L breakout + 100 pip buffer triggers a reversal 3-5 pip scalp 10% funny money gamble.
FXH gave you some sound and profound information. You should thank him and take time to explore other possibilities.
You are trading demo I presume? Why would you use an underfunded approach in your testing? You must be 100% honest with yourself.
If you are losing real money, you are quite foolish and living in holy grail dreamland. Pull back and understand first. Study on your own a bit.
You will come back months later to apologize here.
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Ok thanks.
I’ve been searching for them as well. I’ll post if I find something.
Also try taking all the indicators of your charts and switch to a 15min line chart to spot CZs
AT YOUR DISCRETION CHOOSE THE BEST LOOKING FLAT CZS TO TRADE (FORMS A HORIZONTAL LEDGE ).
Find the best looking ones for the past 100 days by hand and draw the breakout potential. Get an Average target pips and use that as you initial breakout.
Try a sentiment filter of you choice or a combination to increase probability. (96 MA use in this example on 15 min cart this is not the filter in the indicator it’s just added to my charts) it’s basically a 24hr MA. 1440 minutes /15 min =96 min MA
When things get choppy don’t trade.
Do you even know why you are using the filters? Are you curving based on the indicator or actual trades? You should focus more on trade management rather than filtering.
My opinion
the 1 ema is not going to save you.
A study in high frequency trades using Rossbot.
You may get some ideas about trade management to play with.
does not work for obvious reasons as is.
TZ RECURRENT THEORY: -H = 7200 MINUTES +H= INFINITY(you can experiment with a max time exit)
ROSSBOT TRIGGER- BREAKOUT HIGH OR LOW OF 7200 MINUTE BAR + 50 PIP BUFFER WITH 10 PIP REVERSED TARGET
TRADE – 10 PIP COUNTER TREND
INITIAL RISK MM- 5%
Many Ideas will come to mind as of how the use this
