Indicator Zigzag - Page 2
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Thread: Indicator Zigzag

  1. #11
    Quote Originally Posted by forexlearner View Post
    What a great answer sir nice , Moving average is a very common used indicator, that's why its very popular, most of newbies also use moving average to learn about forex trend following trading strategy, and its easy to follow the trend by moving average rather than using a manual trading analysis for this. I have a good experience of moving average and zig zag only in H4 time frame for now, But I also think that in daily chart we could get massive amount of pips with moving average.
    You should check out it in daily chart time frame too, In the year 2014 I got many long term market pattern's in daily chart and found that there was a possibility to gain 1300 to 2000 pips from one single trade in daily chart, I think H4 is not a very long term trading its a medium range of trading, for a long term you should do trade with Daily chart, but if you are satisfied with your earning than you can carry on with h4 time frame.

  2. #12
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    Thanks for giving me that advice sir, Personally I am not a very long term trader as you are saying that daily chart is specially made for the long term trading. I am a medium long term trader Yes, I follow h4 time frame only. For now my goal is not to focus on very long term target, but when I will be retire from my current Govt job then I will surely go with Daily chart time frame

  3. #13
    I may have a very different point of view related to the usage of any of the indicators found on the mt4 . like zigzag . I think that most of them are very possible to be used as filter to our point of trading . not to depend on them to trade solely . as they most of times are not trusted .

  4. #14
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    Quote Originally Posted by hosny55 View Post
    I may have a very different point of view related to the usage of any of the indicators found on the mt4 . like zigzag . I think that most of them are very possible to be used as filter to our point of trading . not to depend on them to trade solely . as they most of times are not trusted .
    If you don't have much skill to do trade with indicator's then you should not depend upon them for making your analysis or trading. The use of indicator's totally depend upon your trading experience, market understanding, and practice. I am using zig zag since a very long time and its one of my favorite indicator, But I respect your words because we all have our own trading characteristic's.

  5. #15
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    Yup buddy its the skill which will help us to do trade with indicator's. Thread creator sir, Please tell me thorough screenshots how can I use zig zag indicator for my analysis in short term time frame's like Minute15, Minute30, and H1 time frame. Right now I am concentrating on short term trading so need little bit you help about this concern.

  6. #16
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    Quote Originally Posted by Earnperfect View Post
    Yup buddy its the skill which will help us to do trade with indicator's. Thread creator sir, Please tell me thorough screenshots how can I use zig zag indicator for my analysis in short term time frame's like Minute15, Minute30, and H1 time frame. Right now I am concentrating on short term trading so need little bit you help about this concern.
    Ok let me check something for you, First of all tell me which type of indicator's you are using on your chart? As a short term trader you should concentrate on zig zag pattern's, like double top, double bottom, head and shoulder etc. I think you are using Ichimoku is that right? if you are using ichimoku in your trading strategy then I would suggest you to use H1 time frame at least. Hope this graph will help you a lot to learn about the use of zig zag indicator on your chart.

    Double bottom.JPG

  7. #17
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    I am a naked trader, but some time I use ichimoku indicator in my trading, Thanks for the information I will try to use H1 time frame, I like that explanation through the chart thanks for that, Double bottom example is enough for me, now I can check easily about other pattern's, like double top, head and shoulder etc. This is a good trading style, thanks once again buddy.

  8. #18
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    Quote Originally Posted by Earnperfect View Post
    I am a naked trader, but some time I use ichimoku indicator in my trading, Thanks for the information I will try to use H1 time frame, I like that explanation through the chart thanks for that, Double bottom example is enough for me, now I can check easily about other pattern's, like double top, head and shoulder etc. This is a good trading style, thanks once again buddy.
    Your welcome sir, hope you understand that very well, I would suggest you use your testing first in demo trading account, and only then try it in real trading market.

  9. #19
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    I am happy with my demo trading performance with the use of zig zag, testing finished with EMA 100, 200 setting, Its easy to check a uptrend market confirmation and direction with zig zag. I think you deserve a thumbs up for your thread friend.

  10. #20
    thanks a lot buddy this is really a nice post.i only heard about zigzag and i never use it.but this post give me so much information about zigzag and i really like to use it and want to watch how it works.i like your trading strategy also and i think it works really well.recently i using 200 ema cross over strategy but sometimes it give me wrong confirmation so i like to combined zigzag with my ema strategy and i think it works well.

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