Jhx wrote:TheRumpledOne wrote:Jhx wrote:Hey TRO, I've been following these last series you've been doing for the Rat Zone, Buy Zone and Wick Zone (the one method per week). Is there any chance that you'll do a weekly one for the Einstein method as well? I've always been curious about that one and how you came up with it.
Thank in advance and hope all is well!
Einstein is a variation of the Buy Zone.
When you open the chart price is at a location. When price moves, it moves up or down from that location... it is "relative" to when you opened the chart. That's why I called it EINSTEIN, as in relativity. I set the lines about 1x to 2x the spread.
Oh, I see. With the lines being 1x / 2x spread away from the starting price, looking at the M1 chart might be useful; aim to grab a few pips and that's it. It's like a "faster" buyzone.
Quick question:
Do you use any other stats when using your Einstein lines for exits or do you just look at the chart (for example looking at the wick zones from the other candles in the M1 chart)?
I've always liked lower timeframes but was always unsure how to approach them, and the Einstein lines might be able to help out.
Again, thanks TRO!
No other stats, but I would use the tick chart to time my entries.