Buy Sell Zone on FOREX

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

jayjay121
rank: <50 posts
rank: <50 posts
Posts: 27
Joined: Mon Dec 24, 2007 11:26 am
Reputation: 0
Gender: None specified

Postby jayjay121 » Sat Dec 29, 2007 4:50 pm

hi tro,

i was thinking about your buyzone, do you think it could be traded on longer swing trading time frames???

like weekly, eod, yearly???

what do you think?



jason

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11405
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Sat Dec 29, 2007 6:00 pm




I don't think you are talking about the BUY ZONE at all.

The above chart has the BUY ZONE plotted.

Go long when a green candle hits the blue lines.

Go short when a red candle hits the red lines.

That's the BUY ZONE.

Use a 5 pip STOP LOSS.

I wrote a MT4 BuyZone history indicator so you can look back.
Attachments
BuyZone.zip
(4.28 KiB) Downloaded 146 times
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11405
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Sat Dec 29, 2007 6:03 pm

jayjay121 wrote:hi tro,

i was thinking about your buyzone, do you think it could be traded on longer swing trading time frames???

like weekly, eod, yearly???

what do you think?

jason


Yes, you can use the BUY ZONE on a weekly basis, monthly basis, annual basis.

Using the BUY ZONE on end of day IS the original way of using the BUY ZONE.
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.

richie
rank: <50 posts
rank: <50 posts
Posts: 12
Joined: Wed Oct 31, 2007 2:30 pm
Reputation: 0
Gender: None specified

Postby richie » Sat Dec 29, 2007 8:56 pm

TheRumpledOne wrote:

I don't think you are talking about the BUY ZONE at all.

The above chart has the BUY ZONE plotted.

Go long when a green candle hits the blue lines.

Go short when a red candle hits the red lines.

That's the BUY ZONE.

Use a 5 pip STOP LOSS.

I wrote a MT4 BuyZone history indicator so you can look back.


oh shoot, I thought that the Fib dynamic support was the signal on long. Thanks for the tip, btw I just listen traderinterviews.com interview with you. Man, you must be awfully well-known in this industry, if not at least filthy rich. Glad to be in this forum :)

jhanley
rank: <50 posts
rank: <50 posts
Posts: 5
Joined: Sat Dec 29, 2007 9:41 pm
Reputation: 0
Gender: Male

RE: Buy Zone Start

Postby jhanley » Sat Dec 29, 2007 9:50 pm

Hi Avery,

Just wanted to let you know that I have enjoyed what I have read so far about your buy zone. This is exactly the type of methodology I have been looking for and fits my trading personality to a tee.

I am a complete newbie with regards to your method and am looking for the best way to get a complete education on it. I hope the following question is allowed and if it isn't I apologize. I came across your web site about the "The Breakout Bounce System" and was wondering if that includes in the education I need for the "Buy Zone"?

Thanks in advance,
Jim

To all the rest I say greetings and thanks for all your input. I have enjoyed your postings!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11405
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Sun Dec 30, 2007 3:09 am

Jim:

WELCOME TO THE JUNGLE!

"The Breakout Bounce System" is totally different from the "Buy Zone"?

Just read all the Buy Zone threads on this forum.
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.

jayjay121
rank: <50 posts
rank: <50 posts
Posts: 27
Joined: Mon Dec 24, 2007 11:26 am
Reputation: 0
Gender: None specified

Postby jayjay121 » Sun Dec 30, 2007 6:45 pm

hi tro and thanks for the reply,

As the buyzone is traded just using the price and is not time frame dependent, does this mean i could use tick charts instead as this is what ive always used???

Also, i notice you re-set the zones every hour, this works like you say because the range is there, but are the statistics as good or lower than the original open price setting???


regards,

jason

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11405
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Mon Dec 31, 2007 5:15 am

Yes, you can use tick charts.

I reset the buyzone for FOREX, for stocks it stays put.
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.

richie
rank: <50 posts
rank: <50 posts
Posts: 12
Joined: Wed Oct 31, 2007 2:30 pm
Reputation: 0
Gender: None specified

Postby richie » Mon Dec 31, 2007 10:13 am

I would like to suggest to add a text somewhere in the MT4 chart that describe the current price of the buy zone and sell zone so that a user can see it quickly

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11405
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Mon Dec 31, 2007 5:15 pm

Already did that... check the MT4 thread
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 add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”