Buy Sell Zone on FOREX

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TheRumpledOne
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Postby TheRumpledOne » Sun May 13, 2007 3:53 pm

The BuyZone uses the EXACT market open time.
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.

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TheOne
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Postby TheOne » Sun May 13, 2007 4:07 pm

Great!
Thanks.

khalid
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Postby khalid » Mon May 14, 2007 5:11 am

In a democratic forum like kreslic.com members should not be condescending and allow all other members the courtesy of not insulting their intelligence.

Never have I ever come close to thinking, let alone stating, Buy Sell Zones are tick dependant.

My mention of tick volumes in a post yesterday was with reference to increased tick volume indicating greater liquidity; indeed, the look of a 5 minute chart becomes different as volume increases. When over a period of time such signs consistently begin to appear at a particular time, it should be an indication of increased number of participant entering a market.

I have not traded FX for over a year-and-a-half, but I seem to remember noticing signs of greater liquidity at 7 am. British Standard Time every single day.

Pray, TRO tell us when does London open?

Members should trust you more than any website!

Khalid

4x=0
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Postby 4x=0 » Mon May 14, 2007 9:21 am

My sincere apologies Khalid, it was certainly not my intention to insult your intelligence.

TRO uses this: http://www.forexmarkethours.com/

4x=0
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Postby 4x=0 » Tue May 15, 2007 12:09 am

I like my new charts.



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TheOne
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Postby TheOne » Tue May 15, 2007 12:33 am

So do I 4x=0. So do I.

bh4313003
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usdJpy

Postby bh4313003 » Tue May 15, 2007 11:35 pm

i have been paper trading this on the usdjpy only, based on a 7am CST start for the NY session, seems to bounce alot between the buy price trigger and before it hits profit/exit point it bounces down to the sell short price trigger, so i assume you exit with a 8 pip loss and reverse positions

but then it reverses to the buy price trigger, so another 8 pip loss and then i reverse positions to long

is this correct

seems this happens once a week and theses 8 pip loss although infrequent happen in a string and wipe out the 80% winning trades real quick

any thoughts?

4x=0
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Postby 4x=0 » Wed May 16, 2007 9:17 am

Post a chart of this happening to you and we can see if there was any clue as to why you should not have done that.

Otherwise, SEVEN should be your max stop out. Not 8.

Also, if you want to focus on one pair and one open, do the JPY when Tokyo opens and see if you are doing better.

Again, 7 should be your max, but you can get out at -3 4 or 5 as well.

4x=0
Last edited by 4x=0 on Sun May 20, 2007 7:45 pm, edited 1 time in total.

benalla
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Postby benalla » Thu May 17, 2007 7:47 am

Your new chart is nice and clean. Do you use dynamic S/R on these charts?

alichambers
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Postby alichambers » Thu May 17, 2007 4:14 pm

Here's a problem I'm struggling with: how do you decide when to sell?

If the trade is trending (ie. higher highs, higher lows), it is easier - wait until the trend ends and sell.

However, I often see a 5min candle enter the BuyZone by a pip or two - to trigger a trade - then reverse quickly to hit the SL.

A few of these in a row and the losses mount up.

In this situation, what can be done?

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