The BuyZone Experiment
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The BuyZone Experiment
I will be trading
YEN + YEN ZONE
GBP/USD + Buy Zone 1
AUD/USD + Buy Zone 2
EURO or YEN + Buy Zone 3
All trades will be logged on the spreadsheet. (spreadsheet attached)
- Attachments
-
- BuyZoneLog1.xls
- (16.5 KiB) Downloaded 319 times
Last edited by 4x=0 on Sun May 20, 2007 8:08 pm, edited 1 time in total.
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- TheRumpledOne
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See if you like this version.
XLS attached.
XLS attached.
- Attachments
-
- BZ.xls
- (18.5 KiB) Downloaded 379 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
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If you were to draw a trendline connecting the lows, you would see the Yen bouncing off that trendline.
Remember, instructments usually do not move in a straight line, they wiggle! Give it some room to wiggle.
Also, the SL is one pip away from the entry in the opposite direction!!
Remember, instructments usually do not move in a straight line, they wiggle! Give it some room to wiggle.
Also, the SL is one pip away from the entry in the opposite direction!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
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TheRumpledOne wrote:See if you like this version.
XLS attached.
If it could handle both currency formats ie (xxx.xx and x.xxxx) then i would like it. And if the net P/L had the commission pip already subtracted based on the currency, that would be helpful. I had been manually entering the net P/L so that I could adjust for both of these "problems". Sometimes I wish I were a computer programmer.
just use -7 S/L !!
In that case, I'm going to start using limit+TTO orders, -7 for both thresholds.
I don't like doing that because of the extra step of canceling your TTO order before getting out manually.
- TheRumpledOne
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TheRumpledOne wrote:If you were to draw a trendline connecting the lows, you would see the Yen bouncing off that trendline.
Remember, instructments usually do not move in a straight line, they wiggle! Give it some room to wiggle.
Also, the SL is one pip away from the entry in the opposite direction!!
Here is the thing. As we venture more and more into the Buy zone it is evident that its not as easy as we were made to believe.
When I first read about the buy zone I thought It was easy and I was to through everything learned out the window. But as time goes I see where this is not the case.
We have to draw trendlines, use sunday as the weekly bias, look out for weekly, monthly highs etc.
For people to trade this setup they need to be aware from the start that this is what is required. I wish all this was made clear from the start.
In looking over my charts I have long realized that trendlines were sometimes necessary (but this was never mentioned before) so I still have my ema's and an indicator or two to help with entries.
I think what 4x=0 is doing is great but I still would love to see a full description of this strategy (hint).
It seems to all be a matter of support and resistance. highs and lows, trendlines, etc. When your money is at risk you will always want a clear path. i think trading the buy zone is like a set of training wheels for some very advanced experienced trading.
drawing proper trendlines requires its own skill. especially on 5 minute charts..
going to need to work on that i think.
drawing proper trendlines requires its own skill. especially on 5 minute charts..
going to need to work on that i think.
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