Can someone tell me how to interpet this?
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Can someone tell me how to interpet this?
Can someone tell me how to use the buyzone on AAPL? I inserted the BuyZone as an analysis technique. Am I missing something here? I'm not seeing where this is moving in and out of the buy zone. Thanks
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whittakerj
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TrvlWanderer
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dyos wrote:It comes out of the buyzone first thing in the morning...Would have been good for one trade...
You may have caught it with a limit order, but at that time of the day, very, very tricky. Also, the whipsawing in and out of the "zones" in the first 10 minutes would have caused much pain. Not a good day to play the gap either....but experience points against that from pre-open and economic data.
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eudamonia
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camdavis,
I see no reason why you couldn't have made money on both the long and short side of the zone. Of course you use limit orders.
I don't personally use the zone on the stock (I use it on the stock market index futures). Works great for me.
Trade it yourself (with small $) until you gain confidence. Give it at least a month (most people quit after 2 losers in a row). Keep your losses small.
Edward
I see no reason why you couldn't have made money on both the long and short side of the zone. Of course you use limit orders.
I don't personally use the zone on the stock (I use it on the stock market index futures). Works great for me.
Trade it yourself (with small $) until you gain confidence. Give it at least a month (most people quit after 2 losers in a row). Keep your losses small.
Edward
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.
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whittakerj
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eudamonia
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Cam,
On the ER2 my inputs are +11 ticks to buy -11 ticks to sell. I target a 10 tick profit and a 12 tick stop. Limit in, limit out always. My goal is to make 10 ticks at the open on the Russell. If my first trade is a loser I will look for it to reverse and take the Zone in the other direction if it gets to that price. This setup works about 75% of the time. Good enough for me.
Edward
On the ER2 my inputs are +11 ticks to buy -11 ticks to sell. I target a 10 tick profit and a 12 tick stop. Limit in, limit out always. My goal is to make 10 ticks at the open on the Russell. If my first trade is a loser I will look for it to reverse and take the Zone in the other direction if it gets to that price. This setup works about 75% of the time. Good enough for me.
Edward
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.
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