Never Lose Again

[es/pip]

Seems I am not the only one then, I need a new brick.... the one I have been using to hit my head with is worn out...

all the people that have come to understand zl's have ask q's and have posted charts with their zl's drawn on them.

you have to put what we have on our charts onto yours in order to see

[MightyOne]

Thanks for your lessons Mighty....

Everything is almost clear, now the most important thing is how to use it?????

We need to overlap the square with angles to the price, or just determine the angle price is following?

Then, when it is time of trend change and ride thru the new channel? Attached is one of your images with what according to me could have been the start of a 50* channel (blue line)... which wasn't right at the end, but where you mark your entry point I see it was as early as taken my blue line instead of yours.

Also, when is time to exit????

Sorry for so many questions... this is really so interesting that will rise more questions from people.

Cheers

Thank you all for you kind words

Diamond of Perception Simplified:

I will just need to adjust the line placement strategy for the M.O.E. Angles...it shouldn't be too big a deal.

Not so fast cfabian!

First you have to learn how to draw the lines and then you actually have to draw and play with them a bit.

Your blue line is sitting in the middle of nothingness

We will get around to angle placement later...

[es/pip]

rectangle is 25 bars and 117 pips

i choose 25 bars bec it was the last clear swing down----would you have drawn it that way?

i then moved it 25 bars into the future


what should this tell me about the future?

what does it tell you?

or is what i even drew mean anything at all?

nevermind--------------- i am sure you have a way that you want to walk everyone thru this

i dont want to get you talking about stuff out of your order

i dont want to confuse myself or anyone else either

[monolisa]

Drawing angles using "Trendline by Angle" Tool in MT4. When I scale (zoom in/out) the chart it seems the angles remain the same.



Lis

[retireme]

Need help, badly.... my crayons are all blunt!



How to shorten those lines, I tried holding shift... no go.

[monolisa]

Hi retireme,

Uncheck "Ray" in the Properties of the line.

Lis

[retireme]

Woohoo... thx Lis

So now we have the drawing down pat, just have to know where to draw it.

Looking at es/pip's example, he chose 25 bars and stated his reasons (swinging down), fine with that. So if the swing was over 75 bars (up or down) would we still use all of those bars. Is there any other dominant criteria for selection of the rectangle?

Retireme

[monolisa]

We'll wait for MO's response

Lis

[MightyOne]

rectangle is 25 bars and 117 pips

i choose 25 bars bec it was the last clear swing down----would you have drawn it that way?

i then moved it 25 bars into the future


what should this tell me about the future?

what does it tell you?

or is what i even drew mean anything at all?

nevermind--------------- i am sure you have a way that you want to walk everyone thru this

i dont want to get you talking about stuff out of your order

i dont want to confuse myself or anyone else either

It is difficult just to teach people how to construct a Diamond of Perception.
The first rule is that it is put together using a major angle (45* using this square method).
Then after it is constructed the scales can change and the major angles that you saw working so well on the last scale are then carried over to the new scale.

I was less than happy with the margin of error when drawing an angle between sharps and flats so I did it right by completing the fibo and using the same numbers between 0 & 1 for the Fibo TimeZone tool.

Construct the major angles first and then add in the sharps and flats using the fibo/fibo tz:

I can see you doing already, but it is no difficult:

[dragon33]

This is the best trade i ever did so far. It is starting to pay off my patience!