you don't need any indicators..............im drawing my own lines every open, you can do the same and experiment.
jason
Buy Sell Zone on FOREX
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remember i trade the er2 russell only, probably not on the correct thread so sorry but ill post my results anyway.
today, there was alot of channelling up from out of the bz, this caught me out as profits where smaller each time and i actually occured more losses through the channelling, so something to be aware of..............caught some good bz trades after that though when it reached another bz area, i keep my previous days bz's by the way.....................i also trade using tkimbles sma system, so this allows me more oppotunities to trade then just following the bz...................anyway 57 trades today (my broker will love me he made $500 comms today), i only made $180 today but well happy with it, i was $400 down at one point, i only trade one contract..................it felt like i over traded today, it felt like i took too many risks, even though i always keep my discipline and never change my stops of 7 ticks today. Looking back in hindsight bz trades today would have made money so long as i waited for the oppotunities, but i was abit inpatient with my early losses and if i was honest with my self i did overtrade.
I still made money so happy but it felt like gambling at times today.
jason
today, there was alot of channelling up from out of the bz, this caught me out as profits where smaller each time and i actually occured more losses through the channelling, so something to be aware of..............caught some good bz trades after that though when it reached another bz area, i keep my previous days bz's by the way.....................i also trade using tkimbles sma system, so this allows me more oppotunities to trade then just following the bz...................anyway 57 trades today (my broker will love me he made $500 comms today), i only made $180 today but well happy with it, i was $400 down at one point, i only trade one contract..................it felt like i over traded today, it felt like i took too many risks, even though i always keep my discipline and never change my stops of 7 ticks today. Looking back in hindsight bz trades today would have made money so long as i waited for the oppotunities, but i was abit inpatient with my early losses and if i was honest with my self i did overtrade.
I still made money so happy but it felt like gambling at times today.
jason
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http://i4.tinypic.com/8g3zupd.jpg
Hi,
Does this look like I have setup the BZ correctly for the NY open this morning ?
I have a winner right at the open, loser on the short, followed by a quick reverse for a nice long winner.
Comments ?
Cheers
Hi,
Does this look like I have setup the BZ correctly for the NY open this morning ?
I have a winner right at the open, loser on the short, followed by a quick reverse for a nice long winner.
Comments ?
Cheers
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