Buy Sell Zone on FOREX

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Gert Frobe
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Postby Gert Frobe » Wed Apr 11, 2007 10:46 pm

the best thing about the Buy/Sell zone strategy is that you set it up to how you trade and when you trade. my times are not the same as Averys and both times are great. i sometimes wake up late; like today and started the NY time @0708 today i still made 4 pips net on the yen and the euro. i like quick in and out trades but you could set the zone to 40 pips if you wanted to if thats how you like to trade.

how, i set it up is using a 0700cst to 0800cst 1 min chart and look over about 10 to 30 days for that 1 hr. peroid and i eyeball it on the chart to were i think it should be for the range in that timeframe and where i would make the trades that i do. just take some time move the offsets range around and you will find a great range thats made just for you and how you trade.

zeller, i know this will be hard for you, due to it being totaly subjective and just a wildass guess and you being a guy that programed and uses a indacator that has 6000 lines of code in it. but what the hell try it its kinda like bringing your wife home flowere when your not in truble.

airball

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Postby Gert Frobe » Wed Apr 11, 2007 10:47 pm

jeff just the usd/jpy

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Postby 4x=0 » Thu Apr 12, 2007 1:30 am

London open this morning:



I wonder if a 7 pip stop would mess up the good mojo of the system..

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TheRumpledOne
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Postby TheRumpledOne » Thu Apr 12, 2007 6:00 am

4x=0, are you a PLUNGER?

Lots like you only counted the SHORTS!!

I see 2 nice LONGS, too.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Thu Apr 12, 2007 10:37 am

BUY ZONE - LONDON OPEN

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby 4x=0 » Thu Apr 12, 2007 5:54 pm

TheRumpledOne wrote:4x=0

May I suggest you use the LEVEL II window for your entries and the positions window for your exits.


Yes of course. Do you also suggest placing orders "between" the very narrow zones?

buy @ 1.97735 for example

with buy zones of 1.9773 AND 1.9774

Otherwise, why do you suggest placing orders via level2?

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Postby 4x=0 » Thu Apr 12, 2007 6:08 pm

this morning wasn't so hot... but



just an observation

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TheRumpledOne
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Postby TheRumpledOne » Thu Apr 12, 2007 8:02 pm

4x=0:

I don't place orders between the levels and if I did, I would buy at x.xxxx10 and sell at x.xxxx90. That just steps right in front of the buyers/sellers. Why give up 50 when you only need to give up 10?

I use LEVEL II so I can watch the price action since I am scalping.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby 4x=0 » Thu Apr 12, 2007 9:26 pm

>Why give up 50 when you only need to give up 10?

Especially when 5 pips is 100%



1.9788 has size 1100 units and then 1300 500 200

1.9790 has size 1500 units and then 900 500 100

would these numbers be more advantageous for a long or short?

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Postby TheRumpledOne » Fri Apr 13, 2007 5:55 am

4x=0:

Those numbers can change in a blink of the eye.

You have to learn how to read and trade LEVEL II. I can't look at ONE screen shot and give an opinion that's meaningful.

There's some good books you can get on the net for $.99 that tell how to read and trade LEVEL II. CLEARANCE SPECIALS!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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