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 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!

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:

EURUSD has turned up +100 Strong UP Trend last Friday. I will be looking to go LONG on EU using the new Z3 HiLO mobo Strategy on for my daily intraday swing and an add on near-term swing entry on D1. EU bounced off of 38% retracement, breached up to 18% as price lower again and below our 4 level at the close of the week. Bias Trade Strategy applies also as the market opens later today. Watch the daily/weekly open plot on your chart TF and the visual board for time based MOBOs. We’ll see how it flows today, tomorrow, this week. Five near term swing positions on forex are still intact as shown on our EOW Z3 Trend Factor Scoreboard.

BTW, the NFP news gave lotsa good pips last Friday. I am looking forward to the FOMC news trades this coming Wednesday.

Trade your chart. Trade well. Be profitable each day.

ENJOY!

fxcruiser