Hi Avery,
Here's a problem I'm having a lot with the BZ:
I go long on the candles in the blue shaded area. However, there is a lot of whipsaw around the LongZone today, and I eventually lose money when my SL is hit in the green area.
This happens again after the next LZ trade is triggered.
It turns out that the trend for that day is down.
My problems and questions are:
1. I find it hard to know when sell in the blue area - the candles change so quick
2. Do you use a higher time frame to guage whether to take BZ trades or not - for example, if the daily candle is red, or daily EMA is down (??), don't take the longzone trades??? If so, which trend indicator is best for this?
Thanks - alex
Buyzone - use of higher time frames
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1 or 2 or 3% is all I need
Hi Aled, alichambers
Great post.
TRO
Could / Would you consider coding a simple auto trade for TradeStation that gets in and gets out fast and furious for small gains and losses? One and two percent grows any account to millions in a few short years as you have proved to us with you spreadsheet already. Auto trading is the future of trading.
Patch
In VA
Great post.
TRO
Could / Would you consider coding a simple auto trade for TradeStation that gets in and gets out fast and furious for small gains and losses? One and two percent grows any account to millions in a few short years as you have proved to us with you spreadsheet already. Auto trading is the future of trading.
Patch
In VA
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Re: 1 or 2 or 3% is all I need
Patch wrote:Hi Aled, alichambers
Great post.
TRO
Could / Would you consider coding a simple auto trade for TradeStation that gets in and gets out fast and furious for small gains and losses? One and two percent grows any account to millions in a few short years as you have proved to us with you spreadsheet already. Auto trading is the future of trading.
Patch
In VA
NO!
I do NOT distribute auto code.
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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Re: Buyzone - use of higher time frames
alichambers wrote:Hi Avery,
Here's a problem I'm having a lot with the BZ:
I go long on the candles in the blue shaded area. However, there is a lot of whipsaw around the LongZone today, and I eventually lose money when my SL is hit in the green area.
This happens again after the next LZ trade is triggered.
It turns out that the trend for that day is down.
My problems and questions are:
1. I find it hard to know when sell in the blue area - the candles change so quick
2. Do you use a higher time frame to guage whether to take BZ trades or not - for example, if the daily candle is red, or daily EMA is down (??), don't take the longzone trades??? If so, which trend indicator is best for this?
Thanks - alex
I do NOT see your dynamic SR indicator!?!??!?!
But, look at the range from the bottom of the red candle to the top of the green candle you have highlighted!!!
Looks like the buyers got tired after that run and then looks like price retraced about 100% to fill that gap!! This usually happens EVERYDAY!!
You have to put the pieces together.
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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