Forums General Discussions point of recurrence

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  • #1742
    mohammed
    Participant

      Hello  every one. First I’m sorry for  my English.   I was at  ff and  followed tz zones thread and I  have some thing to  tell you about how can you expect point of recurrence  but this has some  conditions  . one tool  we will use it is fibo  expansion .  tz must form  a  pattern that I called  1.2.3  we  have 2  cases .first one that  price goes  above top  previous tz area  in this case we look for other 2 confirmed tz after  first  one  . lets call first tz 1  then  the following tz will be  below the  first  one lets call it 2 . so 3 should be between 1 and 2. I hope pictures explain more than writing

      • This topic was modified 9 years, 7 months ago by mohammed.
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      #1746
      mohammed
      Participant

        the  second  case when price expected to re visit bottom tz  and if you understand the first case you will get the second one

        #1789
        Saver0
        Moderator

          Yes, this is a very good observation. I was looking at this as well and there is validity to analyzing in this way. Because what TZs are is a type of a fractal. But it’s not exactly like a fractal. The only difference is that some places TZs might not draw where a fractal might be. I’m starting to think that fractals might actually be superior to TZs because we need to see all H_Left transient bars. What we need is a fractal indicator where we can set how many bar fractal it is and to show it as soon as its a pending fractal. This can be used for fib extension analysis.

          Focus, Patience, Determination & Order in chaos

          #1811
          Femo
          Participant

            Nice setup mate! I mostly trade 123 pattern and i look forward to delv this further.

            regards
            fm

            #1863
            mohammed
            Participant

              lol it seems that you observed that before me whatever we should benefit from that

              :good:

              #2806
              simplex
              Moderator

                I’m starting to think that fractals might actually be superior to TZs because we need to see all H_Left transient bars. What we need is a fractal indicator where we can set how many bar fractal it is and to show it as soon as its a pending fractal.

                Interesting idea! Might also be interesting to combine PTZ and potential fractals when calculating probabilities for a reversal. Thinking about it …

                A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)

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