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Hi Brother, of course there will be no TZ at your marked area, bricks configuration at that area don’t has enough length for your h choice TZ. btw, try to turn off timely brick (set to false) that create the parallel bricks, so you could get pure geo-renko chart. TVI on renko chart will not so good, since tick volume data on renko chart is not so accurate.. Best Regards MTH
Thanks Brother,
The Renko chart now looks more amazing than ever after setting UseBrickTimeStep = false. Almost perfect turning point.
Yr Renko Chart still using Bulls Bear Indicator or have U changed template? Sorry for asking as I’m still jumping threads. Not enough time to read all your fabulous stuff yet.
Best Regards
I only know I know nothing
Skype: learnalways@outlook.comHave not fired up a Renko chart in a while. Will leave one up and watch it.
Have not fired up a Renko chart in a while. Will leave one up and watch it.
MTH
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Next Step in SnS Indicator, Star, Skull and Smiley… lol..
Still In testing phase, hopefully final version will give next candle direction signal in every candles in any TF..
Star, Skull and Smiley SubSeq Indicator
Best Regards
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/Looks great MTH.
Glad to see you here and still sharing brother
Been very busy in my life career and no time to visit here often.
MTH, still the workaholic and sharing. Gambadeh!
Take care brother.
p.s. 4.48am here, Done read major part on this thread which i am missed due to absent. Thank you very much bro MTH@generosity, all the best for you. You offered too much helps to people
Good night..ZZzz~~~* life got hope: by the generosity of friends & you *~~~
Looks very interesting Kiads! As always thanks for your efforts to help us
Be well
maahome
Have not fired up a Renko chart in a while. Will leave one up and watch it.
MTH ============================================== Next Step in SnS Indicator, Star, Skull and Smiley… lol.. Still In testing phase, hopefully final version will give next candle direction signal in every candles in any TF..
Star, Skull and Smiley SubSeq Indicator
Best Regards MTH
hi bro wow that looks interesting am waiting for a bear skull on daily since daily tvi is still strongly on bear side still on demo testing but it is going well
wow…man man man…..re-read and re-read …and getting love and love the job leading by good one here….MTH…GG..SAVER…many more, cant list all..i really enjoy this thread, MTH not only passionate and enjoy coding for people, he did share some basics too!
It seem Indi like TZ, star skull, bullbear, TVI is lagging and repaint; given lots of fake signal, is that meant they’re not working? This is not true, unless used in wrong way. However, if we adopt correct rules, i think each indi here will be a killer itself, for example:
1. Vertical level and RED news:
- Trading session – London open and NY open.
- read and beware red news before jump in market.
2. The signal received from indicators like:
- bullbear
- TVI
- TZ
- star skull
- all are good for me, can choose either 1 or mix em.
3. Horizontal level:
- Fix support/demand- quater/half/whole number level.
- Dynamic support/demand – the struggling of live price / ranging price level.
3. Candle bar / price formation:
- Candle bar P.A. – Engulfing, pin bar…etc.
- Price wave formation – bullish setup (from bottom – LHHL), bearish setup (from top – HLLH).
4. Price wave direction:
- Price wave head direction – bullish setup (pointing to 1 or 2 o’clock), bearish setup (pointing to 4 or 5 o’clock).
- Avoid trading on flat waving; pointing to 3 o’clock = ranging market is shark.
5. Higher time frame for trend bias, lower timeframe for entry point, checking order from higher to lower timeframe, ex:
- H4 + H1 trend bias.
- M15 entry level.
6. Good Money Management.
My 2 cents
, i knew majority of guys here are good in forex trading, you wont need this if you are :) )…joke joke.. i hope more and more people join to share and help each one. Sorry for noob english; not my native language, these are very basic knowledge, you need more knowledge, skills, experiences in this game.Thanks alot MTH, you have given me plenty of inspiration, especially on helping people! Good KARMA! GOOD FUTURE!
All the best,
Paladim
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~~~* life got hope: by the generosity of friends & you *~~~
Hi Brother, the length of h is relative to conditions.. but you could use common sense to select your h. The default setting h =21 is for Daily chart, as we know that 1 month trading days is around 21 days averagely. M15 h=16, M30 h=8, and H1 h=4, meaning each wing forming 4 hours candle.. , so one TZ will has length of 8 hours or approximately 1 market session.. FX-Jay’s h=30 maybe reference to 1 week length of H4 candles, (4 hours x 30 = 120 hours = 1 week trading days). so his TZ length could be 2 weeks length. Hope it help and best regards. MTHBrother, this is very clear . Thanks. In the template I got from FF on TZ, where h=30 that I was using , there is another parameter called MaxBars (default 1000) . I believe that parameter somehow was used to determined the CTZ (Confirmed Transient Bars and the 97% / 3 % (am I right?) and was working on base on this.In your template (the same one I referred to where h=16, h=8…etc , there is no Maxbars however the percentage sometimes worked out to be 95%/5%And another no brainer question – I been trading with the old template, and I sometimes switch the TF from M15 to M5 to M1 and ensuring that I always get a 97%/3% percentage , somehow the CTZ and PTZ seems to say the same thing as your templates . Interesting I also used your template where h = 21 on daily on M1 charts, but that time I did not read everything too clearly (as I was working), somehow the CTZ and PTZ seems to be “ok” – my questions – is all the settings good regardless ? sorry if my questions sound confusing.
Brother, this is very clear . Thanks. In the template I got from FF on TZ, where h=30 that I was using , there is another parameter called MaxBars (default 1000) . I believe that parameter somehow was used to determined the CTZ (Confirmed Transient Bars and the 97% / 3 % (am I right?) and was working on base on this.
In your template (the same one I referred to where h=16, h=8…etc , there is no Maxbars however the percentage sometimes worked out to be 95%/5%And another no brainer question – I been trading with the old template, and I sometimes switch the TF from M15 to M5 to M1 and ensuring that I always get a 97%/3% percentage , somehow the CTZ and PTZ seems to say the same thing as your templates . Interesting I also used your template where h = 21 on daily on M1 charts, but that time I did not read everything too clearly (as I was working), somehow the CTZ and PTZ seems to be “ok” – my questions – is all the settings good regardless ? sorry if my questions sound confusing.
Hi Brother, Maxbar usually to make limit on the calculation of indicators. For example maxbar 1000 meaning the indicator only plot TZ on chart until 1000 bars counting from current candle. the purpose is to reduce MT4 memory resources needed.
If you use TZ Indicator in multiple TF and switching back and forth, maybe better to set your h wing according to highest TF that you use. for example if you use TF H1 as your reference, while you trade using M15 – M5 – M1. then you could set like this;
1. load 1st instance of TZ indicator for M15 setting with h = 4 (15 minutes x 4 = 1hour), then in Visualization tab setting just check TF M15 only.
2. load 2nd instance of TZ indicator for M5 setting with h = 12 ( 5 minutes x 12 = 1 hour), in Visualization tab setting just check TF M5.
3. load 3rd instance of TZ indicator for M1 setting with h = 60 (1 minute x 60 = 1 hour), in Visualization tab setting just check TF M1.
by setting like that, when you switch your TF back and forth from M1 – M5 – M15, you will always looking H1 TZ length.
Hope it help and best regards
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/Dear Kiads!
Dear mates!
As i have confused in this room between different method and strategies ( TZ , Renko,SnS,Geo,TVI,…) and post after post has different sight! i think this general propose question and answer in free subjects couldnt help me to make my skill better in trading.
then
I have a suggestion for helping ourselves to have a good efficiency !it is that we have 2 or 3 different uni subject room to could help each other on the mentioned method by each mates and masters! what your opinion Kiads?
Thankyou
Dear Kiads! Dear mates! As i have confused in this room between different method and strategies ( TZ , Renko,SnS,Geo,TVI,…) and post after post has different sight! i think this general propose question and answer in free subjects couldnt help me to make my skill better in trading.
then I have a suggestion for helping ourselves to have a good efficiency !it is that we have 2 or 3 different uni subject room to could help each other on the mentioned method by each mates and masters! what your opinion Kiads? Thankyou Yes Brother,
Actually this thread is general purpose thread to provide tools to build your own trading system. If you already build your trading system, then if you don’t mind to share it, you could open new thread that specifically discuss them.
Or maybe you just interest in one tools that shared here, then it also better if you create new thread in journal sub forum maybe, and start to discuss your experience with ‘her’.. and of course if you need something or some specific explanations, just let me know your thread link, and I’ll be glad to joining the specific discussion.. and try to help as far as I could.
Best Regards
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/Ok Sir i got you!
thank you
Thanks Kiads and Aryafx. I appeared to have asked my queries in the wrong thread. Should I be here in stead?
http://penguintraders.com/forums/topic/transient-recurrent-zones/
hi kiads please put for me the indicator in the link sbove given by joshua in rar format so that I can be able to download it
hi kiads please put for me the indicator in the link sbove given by joshua in rar format so that I can be able to download it
Hi Brother, sorry for late reply.. actually I don’t understand what you want, which Indicator ? would you please tell me the name..
Best Regards
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/
Another way to use TZ ..from geometrical charting point of view..
Hope it help and best regards
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/I was referring the indicator posted by saver0 here in this url below
http://penguintraders.com/forums/topic/transient-recurrent-zones/
A Trading Strategy for TZ SnS
Please note this is educational only and is no one else’s opinion but my own
Hello all my fellow traders. I wish to write to share my experiences with the great work done by Kiads in “lighting the way” for so many people. We all have very different ideas on trading and also money management, risk taking and so on because each of us has a different risk profile. The following ideas are purely my opinions on how I use the tools Kiads provides as well as others of my own that I like to use. Of the many great ideas he and others have shared here, I like the SnS, Xixi TZ with sequencer and the Marked ZigZag channel indicator. As well I use a supply and demand indicator as well as a Value Chart indicator.
I prefer to trade on the 4hr chart and daily chart so I am not looking at the shorter time frames. I place more importance on trades that have a confluence of indicators AND I also take positions that are weaker or counter trend. These positions are much weaker so I use a much smaller position size on them. For money management I use a very aggressive trade size sequence and this is due to the fact that the methods behind the trades are so very strong. The stops on the trades are also short compared to the profit targets. I think here it is each traders decisions on risk reward etc that becomes their final decision. While explaining how I get to my trade decision I think it is best not to confuse it with my money management style, but I will say that during a trade sequence I will have a maximum capital risk factor of 18%. For this to occur I would need to have 25 consecutive losing trades and I can state that this has never occurred to date.
Ok, I will now walk through a small period on a daily chart to show what I look for and how I place my trades stops take profits etc. you can view the rest of the chart after you follow the trade selections Just as a disclaimer, I do like to trade so I take positions that are not always strong but over time they are profitable, the daily positions are my favourite trades and also the more profitable. PLEASE NOTE, this is just my opinion and trading style and this may not be suitable to others, I am only sharing my own experiences.
The charts have the following indicators:
1. ! MTH b700+ SubSeq 13th Next Star 1.0
2. ! MTH b700+ Mod Xixi TZ with Sequencer Indi
3. ! MTH b700+ Marked ZigZag Channel Indi
4. SupDem (Supply and Demand)
5. Value_Chart_Deluxe_Edition_v1_0_2
6. !___MTH MT4 B610 Market Time Indi
I will use the USDJPY pair for the recent examples, the broker is Go Markets.
Take Profit Stop Loss trade settings.
4 Hour : Take Profit is usually set at the AH4R range or thereabouts (I set the USDJPY to 30 pips – it is currently showing 28.7pips) The stop loss I set to the low of the previous candle + 5% of that candles range, so if the candle range was 100 pips and the low was say 114.100 then my stop would be at 114.050 – this is calculated on the low not the close so if it is a long pin bar there will be a very long stop, if it is a marubozu candle then it will be a short stop.
When I get to a plus 20 pip profit I will move my stop to entry + 1. This will cause a lot of trades to scratch out but there is always another trade and quite often once the 20 pip mark is reached the trade continues, if the position reverses and takes out the stop then you have had a strong reversal. Also, I am not awake 24 hours a day so I usually do not trade on the 20:00 GMT opening candle.
Daily: The daily trades have one major difference to the 4hr trades, I split the trade into 2 equal parts. For the example let us assume the total trade is .02 lots, we would have 2 x .01 lots. Again I like to use the ADR for a target, if it greater than 80 pips I use 80 pips as the profit target. The stop loss is calculated the same as the 4hr – 5% of the previous candle range. SPECIAL NOTE: when on the sell side I add spread to the stop (depending on the pair or the broker it will vary, I use a hard setting of 3 pips personally so if I have a sell position with a calculated stop of say 114.050, it will set this to 114.080 to allow for the spread).
To set up the split position I do the following: Trade 1 – Stop loss set with take profit at ADR or 80pips whichever is the lower. Trade 2 – Stop Loss set but no take profit
Once a trade moves around 50 + pips in my favour I will again move both to entry +1 and the same applies as in the 4hr scenario, remember there is always another trade! If the take profit is hit on trade 1 then we have pocketed a nice profit and we now have a running trade on the second half of the position. With this trade I will let it run until I get a reversal signal, which is usually an SnS skull in the opposite direction. If you want to aim for a specific target then I suggest you look up Kiads’ post on how he uses his fib retracement for a target in conjunction with the TZ indicator :)
OK, lets get to the good stuff! First I apologise for not knowing how to put commentary onto the chart so please forgive me guys. I will do the daily chart only but I have posted the 4hr as well. A point to note here is if the 4hr and the daily chart “agree” you have a strong trade possibility on the 4hr position.
Daily Chart commencing 16th October 2014
On this Day we have a confluence of ZZ, SnS, S/D , Value and TZ – this is a really strong trade, with many factors in play. This trade opened at 105.90 and my stop was at 105.07 (83pips). The low for the day was 105.500 so we had a drawdown of 40 pips at some point in the day we closed the day at 106.320 and I moved my stops to entry +1 at the start of the following day. I am now in a no loss situation on this trade. The next day we hit a high of 106.930 and achieved the profit target of 106.700. We have now pocketed 80 pips and have a no loss “running” trade. This trade was live until the open on the 24th October when an SnS skull appeared for a reversal signal at which time the trade was closed at 108.250 for a profit of 235 pips + 80 pips.
We now have a sell signal on the 24th, this is a weak signal as there is no confluence. The trade was opened at 108.250 with a stop at 108:440 – note this is a short stop. The position closed the day at 108.140 and then we had a gap up on open to 108.334 and then headed down to close at 107.800. The next open gives us an SnS reversal to buy at 107.800 and we pocket 45 pips and enter the buy trade. The new trade has a stop loss set at 107.560 (24 pips).
We are now in 2 open buy trades as described earlier. The first half is closed on the 29th for 80 pips profit and the stop on the remaining trade is at entry +1 (no loss situation). Price continued to move up and the trade was closed on an SnS reversal signal on the 4th November for 640 pips profit on that part of the trade.
We now have a sell trade on with a 26 pip stop in place. The trade moves down and we get 80 pips on the first half and move the stop to +1 on the second half. The next day price continues against us and the trade is close at the +1.
Our next entry is a sell trade on the 12th November and we have a 39 pip stop loss in place. The trade moves lower and we again get our 80 pip profit and move the second part to entry +1. the market continues to rise and we are again closed out on the second trade at +1.
The next trade is again a sell on the 18th November ad we have a 49 pip stop. this trade goes against us and we suffer a full loss of 49 pips.
The next sell trade is on the 21st November and it results in the first half reaching the 80 pips and we move the second part to entry +1. The next day we get a reversal signal and we close the second part for a profit of 32 pips and open a buy position. This trade is moved up to a +1 but the market turns and we are stopped out at +1 (again a no loss trade)
Our next entry is a buy trade on the 28th November. we have a stop of 50 pips in place. The first part of the trade gets the 80 pip target and we move the second part to entry +1 . The second part continues to move upwards and gets to 380+ pips when a transient zone appears. At this point I convert the trade to a trailing stop of 100 pips which gets taken out on the 8th December and leaves me a 280 pip profit on that side of the trade.
I am sure by now you can see where the next trade will be and it is a very strong “confluence” trade with ZZ,TZ, SnS, S/D and Value candle all saying it is a very good buy opportunity. (Hint – this trade netted around 530 pips total profit and we had an initial stop loss set at 83 pips).
I will leave you to explore the rest of the chart and also the 4hr chart for yourselves.
Happy Trading to all and many thanks to Kiads for supplying these wonderful trading aids
Kiads, I am waiting for your smiley SnS and I can only imagine how that will work :)
Regards
maahome
A Trading Strategy for TZ SnS
Please note this is educational only and is no one else’s opinion but my own
Regards
maahome
Hi Brother, Beautiful Trading Set Up and great clear explanation too…
You give us great example on how to use the shared tools to build up your own trading system.. that I believe 100% you will mastered ‘her’ because you are the inventor..
This is my main purpose to share tools, idea and example since I open my first thread at FF..
To help traders create their own trading systems and not become follower or just copycat..
By invented you own trading system from the scratch, according to your personal convenience and style, you will gain strong base knowledge and you will know your advantage and weakness of your own trading system.
In the other hand, because you already ‘own’ your personal trading system’, when you look at ‘other people trading systems or set up or new tools’ your ‘visual memory’ will quickly ‘wake up’ and can easily spot the ‘key points’ of their ‘systems’ or tools. And with spending enough ‘screen time’ with your ‘own’ trading system, mostly you could ‘see’ something that other peoples can’t see..
from your own set up or other people set up..
I Sincerely wish you all the best ..Brother..
and Thank You for your great sharing..
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/My good friend Kiads,
Thank you for your kind words. It is through the generosity of people like yourself that allow us to move forward and become better at what we do. I share my thoughts with my friends so that they can also benefit and by doing that we can only improve each others lives for the better. Kiads I sent you an email around Christmas time with a suggestion for perhaps helping other people (not necessarily traders) – have you given this some thought brother?
Take care and be safe and well
maahome
Hi Maahome,
Thank you for your recipe, look awesome :)
Do you check those stuff fibo, pivot, PA….or only focus the same signal given by ZZ,TZ, SnS, S/D and Value candle and you enter trade?
Thanks!
Paladim
~~~* life got hope: by the generosity of friends & you *~~~
Hi Maahome, Thank you for your recipe, look awesome :) Do you check those stuff fibo, pivot, PA….or only focus the same signal given by ZZ,TZ, SnS, S/D and Value candle and you enter trade? Thanks! Paladim
Hi Paladim, I trade on the SnS all the time on each of it’s signals which gives me lots of activity :) and also a lot more losers (and winners) – I consider these to be weaker trades overall so I use a much smaller trade size (1/10th of a trade size where all the indicators are present). When I get the confluence of a PTZ, ZZ Low, SnS, then this is a strong opportunity. If it also includes a supply/demand zone forming and the value candles have been in oversold or overbought zones then it is a super strong opportunity. One point I did not mention is that I look for the SnS skull at the open of the first candle after the midbar of the PTZ – this is the optimal position for me.
I do not use fibo pivot or PA myself. I made mention of Kiads’ fibo method for projecting a possible profit target for those of us who prefer a “hard” target when you get a running trade. If you are happy to wait for the high probability trades you will do extremely well I am sure. Hope this helps to explain a little more.
Regards
Maahome
Look at this beauty. EURJPY yesterday and today. Looks like an elliot wave example from a charting book.
I use Kiads Renko Indicator to create 10 pip bricks median Renko chart. No Brick Step Time Mode, no acceleration.
Ichimoku with standard settings and only Kijun-sen (green line in chart) and Kumo visible.
TZ and Fractals (optional, you get used to spot them without indicator).
Below a MACD 5,34,5 for checking of divergence. And trend lines as my most powerful tool.
Fascinating how the price respects the upper line of the kumo in the turning points of wave two and four. And of course these turning point are fractals/TZs.
Check how the divergence of MACD and price gives you an early warning for end of wave 1.
Thanks Maahome
~~~* life got hope: by the generosity of friends & you *~~~
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