Buy Sell Zone on FOREX

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whittakerj
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Postby whittakerj » Thu Dec 06, 2007 3:36 pm

TheRumpledOne wrote:I am making the ASSUMPTION, you went LONG.

It's easy to see AFTER the fact the you bought at/near DYNAMIC RESISTANCE!

But then again, you could have seen that by looking at how close the price was to the red dot.

Also, look at how far the price had moved up from DYNAMIC SUPPORT... about 60 pips... buyers got tired.

On the 5 minute chart, same thing.


Sorry the picture is not that great but this is a short trade...The price bounced right off of the bottom of the buy zone for reversal.
-Jeremy
MCSE MCSA CCNA

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TheRumpledOne
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Postby TheRumpledOne » Wed Dec 19, 2007 3:46 pm

Someone please help jimbil.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Wed Dec 19, 2007 4:54 pm

5 pip stop.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby 4x=0 » Wed Dec 19, 2007 5:32 pm

jimbil wrote:Hi

what exactly are these rules again?

Thanks.


when your p&l is -7 GET OUT

This is from last night; profit taking is up to you, I say they were both worth at least 30.

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BP
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Postby BP » Wed Dec 19, 2007 6:27 pm

Jim,

I have been having great success using the USDJPY. I use a SL of 6 most of the time...sometimes 7. I get out when I feel good about it...when it hovers around a price.

I, myself, only get in once per hour. The lines represent the zone that you can get in at...being technically somewhere in between the two lines...but I just add or minus 4 to the open and use that as my entry point for a buy or sell.

There are other factors like Support and Resistance, which I have not mastered and am trying to learn from TRO. But that is the basic system. On the Yen, I have made over 50 pips a week for the last two weeks. This week, not trading monday because my power was out, I am almost at 30 pips.

TRO created a great system, and I feel the more simple we keep it, the better it will perform for us.

Good luck.

BP

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Postby TheRumpledOne » Wed Dec 19, 2007 10:54 pm

Some people prefer to spend their time trying to prove the Buy Zone doesn't work rather than figure out how to use it to make money.

Those who learn to use the Buy Zone are rewarded.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby Poocher » Thu Dec 20, 2007 4:30 am

I was with TRO during todays New York session on Paltalk and was rewarded.

I'm just learning but it looks like the buyzone is a brilliant framework to trade from.

Like BP says just above "the more simple we keep it, the better it will perform for us."

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Postby TheRumpledOne » Thu Dec 27, 2007 7:43 pm



Looks like the 1 hour buyzone shows support and resistance...

Interesting!!

P.S. I'll post the code on the MT4 thread.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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BP
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Postby BP » Fri Dec 28, 2007 11:18 am

Well, TRO has been urging me to post my results on Kreslik. I have been actively trading the buyzone on forex for the past 4 weeks, and have been demoing it for about 8 weeks. It has been very succesfull for me. I only trade the USDYEN and I only trade it about 8 hours a day. My goal is 10 pips/day but I am happy when it is more. :)

I find that when I stay with the system, I always do well. When I try to add to, or do my own thing, I either end up stressing a lot more, or I end up losing a lot more...so generally I always like to trade as the buyzone seems to call it.

Anyway, I usually log in to the paltalk site and there I am known as BearPawTrader.

I will begin posting results here.

Talk to you all later. Have a great New Year!

BP

richie
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Postby richie » Sat Dec 29, 2007 12:53 pm



Hi, I just want to confirm my understanding. I use GU as the sample using 5 min tf. On the 08.00 am candle, the highest price was 1.9977 and the lowest was 1.9958. Does this means that since the support level was 1.9958, after the closing candle at 08.00 am, if the price movement reached the support level ie. 1.9958 I go buy ?

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