Simple as 1-2-3

[Captain Pugwash]

work got in the way of this


That's enough from me - this method is simple enough ~ even for me ~ and it works

2015-05-06_1651.png (46.01 KiB) Viewed 5378 times

I hope dchappy is ok with me messing up his thread

[dchappy]

No worries Cap,,I'm learning from you ...keep posting please.

[prochargedmopar]

Wow, My eyes are in disbelief.
Capt is trading buyzone?
Gotta run but I will be back tonight to read every word of these 2 threads (simple as and tro's buy zone from 2007)
Yikes.

I'm available every day for 1.5hrs @euro and london opens.


Edit:
Oh, just scrolled back, it's a squiggly/indy thing.
Uugh.

[Captain Pugwash]

YEP Pro - I know, I know - I've let the side down

I'm pretty sure anything dchappy learns from me - he could write on the back of a postage stamp! but thanks mate


In the spirit of full disclosure, I finished the week up - but, got two 1:1/ loss's (break even) and two full loss's - one of which was because I find it difficult to distinguish between a printed line and a live line on the cci - I wish I could change the colour on the cci live tail!!

This week, there were three other opportunities - when I was at work - which would have netted two wins and one BE but it may be the reverse in a future week - lets see! - I'm keeping tabs for statistical purposes



This Fantastic Tool shows the power of even a small risk reward ratio married to even a moderate edge - once you set the top panel - you can keep re-submitting to see different results - like, how many losses to expect - given you know some initial data.

Anyway - its been fun playing seriously with something new - looking forward to honing my edge next week

[prochargedmopar]

yeah, Iv'e learned to trust these fib targets ...today it reversed 3 or 4

pips from the 1st target ..

don't know how or why they work , they just do..

look @ yesterdays chart ..see how many times price respected the levels .

and remember , these lines are drawn @ the first 10 mins of the london open .

can you think of anything that will tell you exactly where price is going for

the rest of the day ?? ( about 80% of the time anyway )

if we get the direction right ( which isn't that hard ) we can grit our teeth and

hold on till a tgt is hit .........

I see you just wrote this again in the buy zone thread. 3 yrs later.

[dchappy]

Hi Pro, hope you are doing well . Yeah , that was using Passamonte's " opening range ",or the 1st 5-10 mins @ the open . Avery's " buy zone " is very similar and was shared several yrs. earlier .( I should have paid attention sooner ) .

[prochargedmopar]

Hi Pro, hope you are doing well . Yeah , that was using Passamonte's " opening range ",or the 1st 5-10 mins @ the open . Avery's " buy zone " is very similar and was shared several yrs. earlier .( I should have paid attention sooner ) .

My first trading experience ever was with the buy zone.
M1 chart. BZ on h1. Entry on line crosses out of the zone.
15 pip sl traded all night. (Our night)
$1 per pip.
45 trades.
$90 profit.


Hey, my Dad is back up at the cabin in MI south of kasky.
Its where he spends most of his retirement with his little Dog. Guess he likes it out in the sticks. lol.
I might buy the house I grew up in on the Island. (Bois blanc). Use it for all the kids when they want to take family vacations once they start having grandkids.

They all growing up. Man that happens quick.

[TheRumpledOne]

Hi Pro, hope you are doing well . Yeah , that was using Passamonte's " opening range ",or the 1st 5-10 mins @ the open . Avery's " buy zone " is very similar and was shared several yrs. earlier .( I should have paid attention sooner ) .

Funny how other people's new methods are similar to things I have posted years ago. However, I rarely see anyone else post statistics showing the validity of their methods.

[dchappy]

Buy zone & 123.....

[TheRumpledOne]

How do you determine 1-2-3?