image

The similarity system

I don't see any (potential) transient zones there. Price already retraced up to clear the two PTZs, so work is done.

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Thank you Eurusdd, now I finally get it what you mean by RARE-RARE event. EDIT: this is essentially what FX-Jay is showing us in those charts

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Thank you Jay for sharing. I'm a bit confused, with such small H (although true TZ < 3%, so h is small but fine). Need some time to look at your chart to figure out what you see. 22 out of 23 that's nice.

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Because today is friday and sharing day image figuring out R:R ratio and entries is your part

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Glad you like it. Unfortunately pine script is really limited, for example drawing rectangles is not yet implemented. Also this indicator doesn't detect mid bar transient zones. I may improve it in the future once more features are implemented in ...

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For those using TradingView (web charting platform) might be interested in this little TZ indicator I coded in a few minutes. It's really limited but helps to identify TZ and PTZ a lot faster. Good enough when MT4 is not available for whatever ...

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You wrote -) 5,3,2 "-------" X1> X2> X3 isn't it 4,5,1? In this case X1>X2>X3 is false... (according to your state = {4,5,1,3,2})

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I like your style very interesting charts you showed here and on the other thread a bit like DS zones

Transient Zones - Basics

The following posts from kprsa could be helpful:

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Look at this chart, could be something worth exploring out image Thanks Sciurus for the channel

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I think you didn't see that my chart has h_left set to 6 so not 1 bar left. It is 6 bars left and then the probability of breaking the PTZ on the next bar. For other h_left=10 and h_right=1 should be similar, haven't checked, but thanks to the indi ...

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image If any price is almost surely recurrent within price+k and price-k for the next h bars then theoretically we could enter the market at any given time (except strong trends or near confirmed transient zones). But I guess it doesn't really ...

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OK now all clear. I thought EURUSDD was saying the opposite hence my lack of understanding. Thanks. Good indicator and good insights! Right on time for new experiments with k Thanks for sharing. Looking forward it. Proposition 1 seems in ...

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Sorry still don't understand. Original statement: So let me break that down so hopefully someone can spot the loophole in my reasoning. 1. "a bar has you rectangle": A bar gets a rectangle if it becomes a TZ, so h bars passed. Maybe EURUSDD is ...

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Good work! Thank you. I've read at least 5 times those posts from EURUSDD, yet haven't figured out some specific things. We know that the current bar has a rectangle (transient zone) only after h bars passed, so what next bar is EURUSDD referring ...

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Very valuable post. Many thanks.

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Thanks cfdtaleong and ephisi for your answers. Yes important points! Let me discuss some thoughts. Position Sizing (Money Management): I think that this is the most important aspect of MM. If a trader gets this wrong, no strategy or system will work ...

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Sorry, that's not what I meant! It's just that money management and trade management are different things. And I keep reading on these threads that one of the key "secrets" is money management. How can it be? MM helps to calculate right position ...

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Yes, that's what I was about to say after reading vlady's response. That's trade management. The following PDF is from my "other" trading plan (harmonic trading). This is a way to trade double tops/bottoms. Credits go to Jason Stapleton and Akil ...

Transient Zones - Basics