Forums Trading Journals Adventures in TZ Trading, journey towards 99.999%

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  • #347
    Saver0
    Moderator

      This is the continuation of the following thread at ForexFactory:
      http://www.forexfactory.com/showthread.php?t=514768

      Hello everybody!

      Welcome to my trading journal!

      I began working with TZs exactly 1 month ago. Since then I have learned a lot and built number of indicators and done extensive statistical analysis and also done a bit of trading and I thought its time that I share some of my thoughts and ideas about TZs.

      You will get to see my progress with TZs, the success and the struggles. I have nothing to prove and if TZs end up being terrible in giving me an edge, I will honestly say so. But based on what I have seen, there are really high probability trade setups that are possible using TZs. This will serve as my journal where I will make live calls based on TZs.

      I’m opening this thread mainly because I strongly believe in serving others. It’s really difficult to serve in this Forex business as you know but I will make an effort. As many before me have said, in this game, there is nothing earned without hardwork and dedication. So don’t expect to get some holy grail from this thread or to get some step by step on how to be successful with TZs. The measure of your success will be directly proportional to your efforts.. don’t expect the fire to produce heat without you putting in some wood.

      I will start this thread off by posting a screenshot of the dashboard that I’m finishing up currently. This will be my final work in TZs. I will be making improvements to it to make my trading decisions easier over the next few weeks as I use it in my live trading.
      Attachment 1557727

      What you see are live signals for each currency and timeframe. Feel free to trade them if you wish to do so (please trade in demo only). I don’t trade all the signals. I’m working on my filtering mechanism currently. The data revealed a lot to me after studying it carefully. Without proper analysis, this can be a dangerous game.

      Whenever I find time between things, I will post on this thread.

      Thank you for the visit!

      Wish you many green pips!

      Q.A.
      ———————————— ———————————— ————–
      What are TZs?
      If you are new to TZs, please read these threads to understand
      http://www.forexfactory.com/showthread.php?t=509195
      http://www.forexfactory.com/showthread.php?t=513396
      ———————————— ———————————— ————–
      How are level probabilities obtained?
      What I have is a pattern classification algorithm that scanned the entire history of the 10 pairs to find high probability TZ patterns. Then a live pattern matching occurs to show me the highest probable levels as they develop.

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      Focus, Patience, Determination & Order in chaos

      #360
      KENERGY
      Participant

        So I see you labeled time left in hours (which I didn’t know before), the percent is obvious, and the first column in expectation of move in Pips right?

        #366
        Saver0
        Moderator

          Yup, that is correct :-)

          I will post more on this later. Busy with talking to a few folks and I have yet to finish up the dash :-)

          Focus, Patience, Determination & Order in chaos

          #421
          GIBU
          Participant

            woww nice to see you back all my best wishes

            #429
            IVan
            Participant

              I saw the post about Transcient Zone (TZ) and still learning it litle by litle.. I guess We should learning Price Action and Candlestick chart to make a better understanding about this TZ..

              #454
              Gio
              Participant

                Hi Saver0,
                Great work. At the first column, if we see GBPJPY M1 : 10 , 98.6% , (1) does it means : the TZ will be fully resolved in next 1 Minute (or 1 hour??), with distance of Plus 10 pips (the zone exist higher than current price) with probability of 98.6% ?
                Thanks

                #557
                Saver0
                Moderator

                  Yup, that’s exactly correct :)

                  Focus, Patience, Determination & Order in chaos

                  #565
                  KENERGY
                  Participant

                    GIO,

                    HOURS, NOT MINUTES

                    Sorry about the caps but I program in a language that requires all caps for CNC mills. This will happen to me once in a while. I am not shouting, get used to it. :)

                    Ken

                    #609
                    Gio
                    Participant

                      Thanks Ken,

                      If  i see Saver0 image, “hours” is put at TF H1. And if i see the TF M1 for EU, it need time of 10.6. Lets assume it is 10 hours, not 10 minute. So it need 10×60=600 bars to fully resolved the TZ in M1. I can not imagine how big is the H value  used for that  ;)

                       

                      • This reply was modified 9 years, 7 months ago by Gio.
                      #620
                      KENERGY
                      Participant

                        hmm… I see your point.   I guess I have to second your question to saver0, is the time left always hours or is it bars in each time frame listed?

                        Ken

                        #725
                        Saver0
                        Moderator

                          The time left I’m showing myself as the number of hours left. I also experimented with showing it as a % and what not. There is much more detail that I can look at through expanding each cell. It’s not a static HTML table. I’m only showing you guys a bit here. I will mostly be testing out this technique. I should actually create a category called trading journals because this needs to go in there. Let me do that now and move it there  :-)

                          Focus, Patience, Determination & Order in chaos

                          #970
                          Saver0
                          Moderator

                            Here is the week one performance from FF trade explorer.

                            Here is the second week performance. Averaging about 6.5% per week. Also this week I haven’t done much trading since I’m busy with forum development so this week I’m not expecting that much of a gain.

                             

                            By the way, I just started using myfxbook.com. What they have is way better than the FF trade explorer. I recommend everyone to use this instead.

                            • This reply was modified 9 years, 7 months ago by Saver0.
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                            Focus, Patience, Determination & Order in chaos

                            #976
                            PiratePip
                            Participant

                              Nice results saver! i too use myfxbook and all the data  they give you on your account is very helpful! :good:



                              -Life’s Good & Why Wouldn’t It Be? I’m a Pirate After All!

                              #992
                              Saver0
                              Moderator

                                Thank you PiratePip! yea, the signature looks nice! Are you able to put a line break <br> in your signature so there is a line break between the myfxbook badge and your quote?

                                Focus, Patience, Determination & Order in chaos

                                #1131
                                AKCodingEye
                                Participant

                                  Saver0

                                  Are you planning to make that dashboard available for us to play around at some stage?

                                  #1165
                                  Saver0
                                  Moderator

                                    Saver0
                                    Are you planning to make that dashboard available for us to play around at some stage?

                                    Good question.. that’s many years of struggle and hard work that went into making it and I’m still working on it. I have thought about it. It will take me some time to make a decision. I might make a light version of it public sometime in the future. Right now my main goal is to finish the development and test it out and figure out the best way to trade the signals. There is still a lot of statistics that I need to apply in terms of settings SL/TP/Risk-to-reward, etc :-)

                                    Mainly what I plan to do is share how something like this can be put together so that anyone who is willing to learn can make it themselves. That way I will not only help to grow this idea further but teach them something more important that how to use a table with a bunch of numbers. Being able to make something like this is a great skill to have because then they will be able to test out all the great ideas they have. Besides, I don’t know if this is any good yet. I am still testing. A friend of mine who is testing this keeps getting his account blown. So there is still a lot that needs to be done in order to trade this concept profitably :yes:

                                    Focus, Patience, Determination & Order in chaos

                                    #1368
                                    aryafx
                                    Participant

                                      Hi Saver !
                                      i must thank you and another peoples that believe their success and development should be done in relative to develops and success of all people of the world … a alone lucky person could not enjoy his/her lucky between a few unhappy peoples around him/her!! :heart:

                                      #1472
                                      Saver0
                                      Moderator

                                        Seems to work pretty well for stocks as well  :yes:

                                        Just finished integrating it with my dashboard. Haven’t traded yet but sure is interesting  :-)

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                                        Focus, Patience, Determination & Order in chaos

                                        #1478
                                        Zelo
                                        Participant

                                          It looks interesting :)

                                          I hope it works. :yes:

                                          #1528
                                          dewachen
                                          Participant

                                            Seems to work pretty well for stocks as well :yes: Just finished integrating it with my dashboard. Haven’t traded yet but sure is interesting :-)

                                            Great information chief. May you get green pips everyday … May God bless you and your family … thanks for your great works that give benefits to all of us … :good:

                                            #1655
                                            Rahat Lukum
                                            Participant

                                              Cooking one indicator myself, tried it out for the first time – probability reading is……Infinity. Debugging will be fun, that’s for sure :scratch:

                                              #1661
                                              Saver0
                                              Moderator

                                                Thank you for the encouragement guys!

                                                Having a pretty bad week. Started playing with SL and it’s not working out so well. I need to pick proper R:R levels.. Also I made my dashboard more complicated.. maybe that got something to do with it too.. haha

                                                Still a work in progress. I will update next week, hopefully with better results.

                                                 

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                                                Focus, Patience, Determination & Order in chaos

                                                #1666
                                                PiratePip
                                                Participant

                                                  I too have been having a tough week friend!  My probabilities are not nearly as high as I thought they were but once I figure out my Risk management will still be profitable.

                                                   

                                                  Finally got into some trades I think will last but we will see. FOMC meeting had me all over the place today :wacko:



                                                  -Life’s Good & Why Wouldn’t It Be? I’m a Pirate After All!

                                                  #1674
                                                  Zelo
                                                  Participant

                                                    Hope you make big pips, Saver0 :yes:

                                                     

                                                    There is a quote “Perfection is Achieved Not When There Is Nothing More to Add, But When There Is Nothing Left to Take Away”

                                                    I think you violate the rule, hehe :whistle:

                                                    #1685
                                                    Saver0
                                                    Moderator

                                                      There is a quote “Perfection is Achieved Not When There Is Nothing More to Add, But When There Is Nothing Left to Take Away”

                                                      Very true my friend hehe
                                                      I think my dashboard will get overhauled soon, at least the probability calculations part. I need to do more in order to display appropriate and accurate probabilities.

                                                      Focus, Patience, Determination & Order in chaos

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