All position closed by sl. But day was good enough with some nice % gain.
- Joined Oct 2005 | Status: Pip Slappa Extrordinaire | 1,012 Posts
You are in a maze of twisty little passages, all alike.
ZIGZAG Indicator 56 replies
Zigzag indicator with pip count? 9 replies
ZigZag 2 replies
Zigzag 1 reply
Alert for zigzag? 1 reply
a. TM goes from blue to red so we are looking for longs
b. Price breaks the last fixed high at b
c. The price touches the TM line ( this can be set as a lmt buy)
d. When price reaches this green line which is last ZZ high we move stop to break even as it could reverse here
e.f.g.h all stops moves with TM we get taken out at h.
DislikedYou guys going well it seems Ive been looking slightly differently Im trying to narrow down the profitable trades whilst cutting back on draw down
PaulusIgnored
Dislikedgood point should of mentioned will alter my post they are on the 353 setting to get a smaller ZZ and better entry as Im using TM for direction and trigger
PIgnored
DislikedThe above trade failed ..the trade had to be closed out as TM went blue indicating I will be looking for longs
the loss was only a few pips
PaulusIgnored
Dislikedsomebody asked how i dertermine turning point..
here is very good article to understand ABCD
http://www.fx360.com/commentary/roge...=1272612809219Ignored
Dislikedi dont know much more .. just take a look at forum of http://www.tradingarsenal.com/
fx360.com = very good site.. trades based on geometrical patterns..
and here for people wanna do research
http://forum.wave59.com/idealbb/view...AB6C17161ACF2D
(i never tried wave59..)
in older posts i said.. u can use korharmonics or zup indicators...Ignored