Z3 Freedom Traders

I haven’t talked much about the Z3 BUS Trade for quite some time. I really haven’t taken this setup for a while either. However, yesterday’s VB signals prodded me to look into this bus trade again. This particular trade was on YM [emini DOW] and a counter trend so I only used a car/one contract. Below is the screenshot of the trade as it progressed.

The maximum adverse price excursion [MAE] on this trade was only 3 ticks/pips while potential profit [MFE] went fast as much as 78 ticks and was finally closed with 54 ticks, as shown in the trade detail below.

ENJOY!

This is a Z3 LOBO News Trade – Prelim GDP. Add on short breakdown continuations on EURUSD and EURJPY were triggered.

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“A man must believe in himself and his judgement if he expects to make a living at this game.”

- Jesse Livermore

This month is the 4th year of HAMA – Z3 Trading System at TSD forum. During those years, our emphasize has always been on daytrading the scalp and trend strategy with the HAMA, H2, and now the Z3 System. This approach is a good way to build your trading account in a short period of time by compounding lots as disciplined trading consistency is achieved. In addition trading scalp and trend is a fun way to get a good feel of the market flow. Majority of the beginning forex traders start with low account capital balance just to get their feet wet in the market. As the Z3 coach, my initial objective is progressive development of novice trader to skilled/profitable trader by implementing realistic and attainable trading business plan. I often referred to daytrading as the “fun money, my beer money, daily spending money”.

There has been several questions posted in that thread as to whether the Z3 can be used for higher time frame, specifically, the daily [D1] for near-term swing trading. The bold answer is YES! Now, it’s time to reveal the Z3 Retirement Plan, the wealth builder. This does not mean that daytrading method cannot be used to build wealth. It definitely can work and again, with sound business plan [not trading plan - these are two separate and distinct plans].

Z3 Trend Factor was originally designed as a swing system on daily timeframe and still used as such. This month, this swing system was optimized on NinjaTrader platform with the addition of the same tool used in the LOBO strategy coupled with an earlier confirming signal and will be further accelerated by the Trend Factor should the reversal reach the required scores to confirm the continuing and longer downtrend direction.

Last Monday, I posted the daily chart on EURUSD with the early breakdown reversal signal, in a approximately couple of hours later, a short trade confirming signal was triggered as shown on the EU daily chart below.

Signals were also triggered on GBPUSD, AUDUSD, and other forex pair.

Similar trade chart setup can be applied on lower time frames for intraday/short term swing strategy or as part the scalp and trend technique on daytrading.

Now, you know what can be done to start planning your retirement and developing your wealth building plan with Z3 system.

ENJOY!

Z3 LOBO is another scalp and trend trading strategy within the Z3 Trading System. It’s based on our usual levels which can be used in any timeframe and powered by a customized tool/indicator which automatically gives the entry price level with early breakdown signal/alert.

I have first demo/tested this strategy on NinjaTrader platform where it was originally designed on July 1st and have gone live with it, August 1st. Although LOBO can be used as a standalone method, it has a very high win rate [no. of trades & profit $ amount], when combined with the Z3 Market Flow visual board signals.

Thanks to mr4x for initially porting the indicator to MT4. Thanks to Marian for integrating it within one of our new streamlined Z3 indicators. Both of them have live traded with LOBO this week on OANDA, using the MT4 platform for setup and signal.

Here is one of the LOBO live trades I have taken last Friday on 6E futures [EURUSD forex spot] on m15, among others. This particular one was a news [Consumer Sentiment] impact trade setup on LOBO.

Below are screenshots of trades taken by Marian on OANDA and MT4. With LOBO, once traders achieve their daily profit goal per their respective business plan, they can continue the strategy on demo practice.

Again, these were live and demo trades taken in this early stage of using LOBO, mainly for scalping. We will optimize this, increase profits and run runners on trend over the next few days and weeks.

ENJOY!

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ENJOY this short video.

Call it whatever you like, here how we see it with Z3 trade setup.  EURUSD, GBPUSD, and other forex pairs.  For Z3 trading purposes, it’s a down day/down bar.  Our LOBO strategy signaled an early breakdown reversal last Monday, August 9, and the price continues to lower as of this writing.  Here is another look at the daily charts:

Today’s market conditions at early US session through the close of London session can be best described as boring. Trading ranges were all under 100.  Visual Dashboard has mixed signals.  EU gave one decent bias trade signal at Level 4 @ time based 1200.  Nothing on EMO either nor @ 1600 open.  Quick scalping was the strategy for the day or flat.  On the higher TF, the Z3 LOBO strategy on the daily chart gave an early breakdown reversal signal with max negative 60 pips at this writing.  We will be looking for confirmation and continuation of this reversal, if any, at tomorrow’s sessions.

ENJOY!