Hi 4x=0,
How are you making your entries. Is it manually and what time frame are you using. TRO uses 5min and 1hour candles. TRO hope I got that right. I am trying to find the best entry method (least risk) to trade this.
When do I get out and when do I get in?
Do I wait to see a candle forming in the zone or do I enter as soon as the price crosses into the respective zones?
What would be the best time to trade this method?
Hope to get answers I require so I may begin trading this method.
Thanks.
Buy Sell Zone on FOREX
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- TheRumpledOne
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How are you making your entries. Is it manually and what time frame are you using. TRO uses 5min and 1hour candles. TRO hope I got that right.
Yes, that's correct.
I am trying to find the best entry method (least risk) to trade this.
When do I get out and when do I get in?
In at the zone and out when you make a profit. Depends on how greedy you are. For me, sometimes 1 pip, sometimes 4 or more. I just "go with the flow."
Do I wait to see a candle forming in the zone or do I enter as soon as the price crosses into the respective zones?
I enter at the beginning of the zone for equities. Forex only has a 2 pip zone, so either/or.
What would be the best time to trade this method?
Anytime price hits the zone.
Hope to get answers I require so I may begin trading this method.
Hope that helped.
Yes, that's correct.
I am trying to find the best entry method (least risk) to trade this.
When do I get out and when do I get in?
In at the zone and out when you make a profit. Depends on how greedy you are. For me, sometimes 1 pip, sometimes 4 or more. I just "go with the flow."
Do I wait to see a candle forming in the zone or do I enter as soon as the price crosses into the respective zones?
I enter at the beginning of the zone for equities. Forex only has a 2 pip zone, so either/or.
What would be the best time to trade this method?
Anytime price hits the zone.
Hope to get answers I require so I may begin trading this method.
Hope that helped.
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 do NOT PM me with trading or coding questions, post them in a thread.
TheRumpledOne wrote:Do I wait to see a candle forming in the zone or do I enter as soon as the price crosses into the respective zones?
I enter at the beginning of the zone for equities. Forex only has a 2 pip zone, so either/or.
Thanks TRO,
The above answer left me wondering. Can I safely say that you place a limit order at the start of the Buy Zone and then wait for it to move into profit. If so you get out if or before it goes back to your point of entry.
- TheRumpledOne
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>it takes time to make money
what do you mean by this?
It takes time to make consitent REAL money?
If so why?
It seems to only take a few 5 minute candles.
Surely you aren't refering to traders' psychology?
FIND THIS TRADE AND MORE IN MY PRIVATE CLUB
PLUS OBSERVE/ASK QUESTIONS DURING THE 2 WEEK DEMO CHALLENGE.
Where we will watch how much damage I can do to a 10k demo account.
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what do you mean by this?
It takes time to make consitent REAL money?
If so why?
It seems to only take a few 5 minute candles.
Surely you aren't refering to traders' psychology?
FIND THIS TRADE AND MORE IN MY PRIVATE CLUB
PLUS OBSERVE/ASK QUESTIONS DURING THE 2 WEEK DEMO CHALLENGE.
Where we will watch how much damage I can do to a 10k demo account.
Join 4x=0's Private Club Today !
Mars squares your ruling planet Jupiter, sending waves of adrenalin through your body. You must find a healthy outlet for your aggression or you could be driven to do something you later regret. You could get pulled into a scheme that seems sensible, only to discover that it was far more grandiose than necessary. Don't run with your reckless impulses, for they won't get you very far at this time in your life.
Monday, April 30, 2007
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- TheRumpledOne
- rank: 10000+ posts
- Posts: 15562
- Joined: Sun May 14, 2006 9:31 pm
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- Location: Oregon
- Real name: Avery T. Horton, Jr.
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