2009.09.10 DRAIN THE BANKS - LIKE A RAT

[Mark Mark]

Of TRO's methods, I use Buy Zone and Wick Zone methods mostly. However I will dip into RAT Zone territory if I happen to see one develop.

I tend to run multiple overlapping methods over two or maybe three favourite pairs, not one method over many pairs as most do.

You are using daily Buy and Wick zone yes? And what pairs you trade? And you trading with market or pending orders?

Yes, Daily. Though Wick Zones will be a factor on all my trades on all time frames.

Pairs: DAX, USTec, UK100, EA, GU and UC mostly

EA on Alias' Dead Horse, UC on my Dead Zone.

My main method is my own scalping 1-min via Kijun-sen.

I think that I will use Buy zone and wick zone. BTW Rat zone building from current day you are right.

[LeMercenaire]

You are using daily Buy and Wick zone yes? And what pairs you trade? And you trading with market or pending orders?

Yes, Daily. Though Wick Zones will be a factor on all my trades on all time frames.

Pairs: DAX, USTec, UK100, EA, GU and UC mostly

EA on Alias' Dead Horse, UC on my Dead Zone.

My main method is my own scalping 1-min via Kijun-sen.

I think that I will use Buy zone and wick zone. BTW Rat zone building from current day you are right.

Kl kl. I would say that is a good decision.

By the way, if you haven't seen the tests I ran in Buy Zone, I set it to fix the zones off the opening bar of the DAY, not session. So for me, midnight UK time.

It works for me but please do your own due diligence.

Now I run it on a couple of suitable pairs, DAX and AJ but as per the earlier tests, I ran it over the same larger bunch as my Dead Zone group (I'm inherently lazy, lol) and they worked just as well. It has been a while since I have checked if circumstances have changed, so once again, due diligence.

Cheers.

[Mark Mark]

Yes, Daily. Though Wick Zones will be a factor on all my trades on all time frames.

Pairs: DAX, USTec, UK100, EA, GU and UC mostly

EA on Alias' Dead Horse, UC on my Dead Zone.

My main method is my own scalping 1-min via Kijun-sen.

I think that I will use Buy zone and wick zone. BTW Rat zone building from current day you are right.

Kl kl. I would say that is a good decision.

By the way, if you haven't seen the tests I ran in Buy Zone, I set it to fix the zones off the opening bar of the DAY, not session. So for me, midnight UK time.

It works for me but please do your own due diligence.

Now I run it on a couple of suitable pairs, DAX and AJ but as per the earlier tests, I ran it over the same larger bunch as my Dead Zone group (I'm inherently lazy, lol) and they worked just as well. It has been a while since I have checked if circumstances have changed, so once again, due diligence.

Cheers.

You building buy zone from daily opening yes?

[LeMercenaire]

I think that I will use Buy zone and wick zone. BTW Rat zone building from current day you are right.

Kl kl. I would say that is a good decision.

By the way, if you haven't seen the tests I ran in Buy Zone, I set it to fix the zones off the opening bar of the DAY, not session. So for me, midnight UK time.

It works for me but please do your own due diligence.

Now I run it on a couple of suitable pairs, DAX and AJ but as per the earlier tests, I ran it over the same larger bunch as my Dead Zone group (I'm inherently lazy, lol) and they worked just as well. It has been a while since I have checked if circumstances have changed, so once again, due diligence.

Cheers.

You building buy zone from daily opening yes?

Yes. Trading away from Weekly Open.

[Mark Mark]

Kl kl. I would say that is a good decision.

By the way, if you haven't seen the tests I ran in Buy Zone, I set it to fix the zones off the opening bar of the DAY, not session. So for me, midnight UK time.

It works for me but please do your own due diligence.

Now I run it on a couple of suitable pairs, DAX and AJ but as per the earlier tests, I ran it over the same larger bunch as my Dead Zone group (I'm inherently lazy, lol) and they worked just as well. It has been a while since I have checked if circumstances have changed, so once again, due diligence.

Cheers.

You building buy zone from daily opening yes?

Yes. Trading away from Weekly Open.

If the price is above the weekly opening, then trade in the buy direction. If the price is below the weekly opening, then trade in the sell direction. You need to make a decision by looking at the position of the price relative to the weekly opening. I understand you correctly, don't I?

[LeMercenaire]

You building buy zone from daily opening yes?

Yes. Trading away from Weekly Open.

If the price is above the weekly opening, then trade in the buy direction. If the price is below the weekly opening, then trade in the sell direction. You need to make a decision by looking at the position of the price relative to the weekly opening. I understand you correctly, don't I?

Yes. Again, it's what I do. Do a quick comparison and see if it suits for you.

One thing to mention also, is that when using the midnight bar, always check how your broker operates their spreads out-of-hours.

Monday is obviously a wild-card if you use Monday as Day one. You can either sit Monday out, or take the first trigger. It just so happens that the broker I use to chart Buy Zone gives Sunday Open and I can use that if I wish to.

[Mark Mark]

Yes. Trading away from Weekly Open.

If the price is above the weekly opening, then trade in the buy direction. If the price is below the weekly opening, then trade in the sell direction. You need to make a decision by looking at the position of the price relative to the weekly opening. I understand you correctly, don't I?

Yes. Again, it's what I do. Do a quick comparison and see if it suits for you.

One thing to mention also, is that when using the midnight bar, always check how your broker operates their spreads out-of-hours.

Monday is obviously a wild-card if you use Monday as Day one. You can either sit Monday out, or take the first trigger. It just so happens that the broker I use to chart But Zone gives Sunday Open and I can use that if I wish to.

My broker working from monday to friday. Right now I am learning and training. Buy zone, wick zone and walmal the best methods for me. If you are using the rat zone you need to make sure that price will not to go to refresh the extreme of the day. I think that rat zone working on flat market and you need to go to trade when range more than 60pips and price cross the trigger line. And when I am trading the rat zone do I need to watch weekly H and L or monthly H and L?

[LeMercenaire]

If the price is above the weekly opening, then trade in the buy direction. If the price is below the weekly opening, then trade in the sell direction. You need to make a decision by looking at the position of the price relative to the weekly opening. I understand you correctly, don't I?

Yes. Again, it's what I do. Do a quick comparison and see if it suits for you.

One thing to mention also, is that when using the midnight bar, always check how your broker operates their spreads out-of-hours.

Monday is obviously a wild-card if you use Monday as Day one. You can either sit Monday out, or take the first trigger. It just so happens that the broker I use to chart But Zone gives Sunday Open and I can use that if I wish to.

My broker working from monday to friday. Right now I am learning and training. Buy zone, wick zone and walmal the best methods for me. If you are using the rat zone you need to make sure that price will not to go to refresh the extreme of the day. I think that rat zone working on flat market and you need to go to trade when range more than 60pips and price cross the trigger line. And when I am trading the rat zone do I need to watch weekly H and L or monthly H and L?

I never bother with weekly or monthly levels with RAT Zone. Only thing I would consider are Supply+Demand Zones (NOT TRO-Approved, lol).

[Mark Mark]

Yes. Again, it's what I do. Do a quick comparison and see if it suits for you.

One thing to mention also, is that when using the midnight bar, always check how your broker operates their spreads out-of-hours.

Monday is obviously a wild-card if you use Monday as Day one. You can either sit Monday out, or take the first trigger. It just so happens that the broker I use to chart But Zone gives Sunday Open and I can use that if I wish to.

My broker working from monday to friday. Right now I am learning and training. Buy zone, wick zone and walmal the best methods for me. If you are using the rat zone you need to make sure that price will not to go to refresh the extreme of the day. I think that rat zone working on flat market and you need to go to trade when range more than 60pips and price cross the trigger line. And when I am trading the rat zone do I need to watch weekly H and L or monthly H and L?

I never bother with weekly or monthly levels with RAT Zone. Only thing I would consider are Supply+Demand Zones (NOT TRO-Approved, lol).

Okay. And another question. I will trade on live account soon. Can I use the Walmal method?

[LeMercenaire]

My broker working from monday to friday. Right now I am learning and training. Buy zone, wick zone and walmal the best methods for me. If you are using the rat zone you need to make sure that price will not to go to refresh the extreme of the day. I think that rat zone working on flat market and you need to go to trade when range more than 60pips and price cross the trigger line. And when I am trading the rat zone do I need to watch weekly H and L or monthly H and L?

I never bother with weekly or monthly levels with RAT Zone. Only thing I would consider are Supply+Demand Zones (NOT TRO-Approved, lol).

Okay. And another question. I will trade on live account soon. Can I use the Walmal method?

Hey, that's entirely your call. Only you know if you are ready. However, the method is robust, use at the recommended time, don't get greedy and take what the market gives you. +1 is better than -10 'coz you were ''only'' at +9.