profitable Zigzag
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Thread: profitable Zigzag

  1. #1
    Hi

    whilst working away trying to make trend trading mechanical I kept coming back into ZZ indior. .

    One thing you must be aware of and the terms'eggs and sucking on' spring to mind but dont forget on the current wave the zz may alter but the past zz waves are secured in position and its these we utilize.

    I've looked at it in my fav time frames that the 5min. .not too slow that you get bored and not to fast that you get manic

    This kind of system could of been posted before but I couldnt find any thing under a search.

    Im rushing outside in 10mins but wanted to place some thing down on paper just to lock it remind me to place a few things about it.

    Its discerning last week on eurusd 5min just 7 signs

    1 30 44-14 4 40 71

    initialy

    place a ZZ in your 5min chart set to 13-5-5 we utilize this for entry
    Trend magical - we use this for our sliding stop
    A vertical line in 8am uk period and another at 8pm uk time. . .we dont trade the Asian session.

    Utilize this URL to check out the Currency Market opening times..just put on your loion and click go..the chart above will then update with the right occasions

    http://www.forexmarkethours.com/


    Will return in 3 hours to reveal entry stops sensibly

    Again please dont see this faultless but see it as you to stick in the armourey

    personaly I really like it


    https://www.forexsoutheast.asia/atta...6255902829.ex4
    https://www.forexsoutheast.asia/atta...1694427911.ex4

  2. #2
    Quote Originally Posted by ;
    Hi shoot Really like the look of your system and you also look to be having good success with it, only one thing I can't get my mind around, In your first post you state that to get long you wait to get a red candle and to enter short, is that an error or am I losing the plot. Martin
    hello Martin, thanks for your kind words, however I am keen to point out that I'm not the original author of this thread. Just felt I need to post here in regard to the person with the real brains.

    Anyhow back to your point. You are confusing Candle using Arrow? I can't see where I state long on a red candle (and when I do I'm wrong )?

    Good luck

  3. #3
    Doing a lot of research now on egies so these trades are exactly what I could see backtesting daily. I didn't exchange them myself.

    E 45, -19
    G -18, 10
    AUD -15, 10
    J 10, 10, 10
    NET 43 PIPS

  4. #4
    Must have stayed in bed today. not worth the effort!

    E -10, 10
    G 10
    AUD -15, 10, 10
    J 10, -10

    Net Total 20 pips

  5. #5
    Quote Originally Posted by ;
    must have stayed in bed now. not worth the effort! E -10, 10 G 10 AUD -15, 10, 10 J 10, -10 Net Total 20 pips
    netting 20/day always would do me nice

  6. #6
    Quote Originally Posted by ;
    quote netting 20/day always would do me fine
    Understood sidefx however examine the risk I took. It took 8 trades to achieve a few went the other way. I could have used my time more productively today. I guess Monday along with the election played it's part. Perhaps I should have just stayed in bed.

  7. #7
    Shoot, do these 20 pips comprise your disperse or do you mean 20 pips without 8xspread?

  8. #8
    Quote Originally Posted by ;
    shoot, do these 20 pips comprise your disperse or do you mean 20 pips minus 8xspread?
    Great point ihezzz, they do comprise my disperse. So I report net profit.

  9. #9
    2 Attachment(s) One winner, 1 loser up to now this morning:

    https://www.forexsoutheast.asia/fore...providers.htmlhttps://www.forexsoutheast.asia/gene...rs-moving.html

    Don't let the Aud/U run a little longer as it has made a new high and finished the penultimate candle strongly.

  10. #10
    Got to smile. G/U went to hit TP. Just missed out by 1.5 pips in my SL.

    https://www.forexsoutheast.asia/fore...stigation.html

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