well then i'm a raw potato
edited for profanity
Buy Sell Zone on FOREX
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- pineapples
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Thanks chaps that satisfies my query. I see where the 'edge' lies with this method.
Hey TRO, as well as throwing a dart, couldn't the buy zone be used at ANY candle opening of any time frame; the 'edge' being maintained by use of indicators/market savvy/trading in direction of trend etc?
I get the feeling this really is like owning a casino table....I can hardly wait for Monday morning.
4x=0, the capital, Brussels.
Hey TRO, as well as throwing a dart, couldn't the buy zone be used at ANY candle opening of any time frame; the 'edge' being maintained by use of indicators/market savvy/trading in direction of trend etc?
I get the feeling this really is like owning a casino table....I can hardly wait for Monday morning.
4x=0, the capital, Brussels.
- TheRumpledOne
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TheOne wrote:Hi 4x=0, what timeframe do you use. I think I see the one minute in your post. Do you refer to other time frames.
TRO may I ask what is the one hour candle used for with this strategy. Is it for trend direction and are you using the five minute candles for resistance.
I just find it to be profitable to be trading in the direction of both the 5 and 60 minute candles.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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- TheRumpledOne
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pineapples wrote:Thanks chaps that satisfies my query. I see where the 'edge' lies with this method.
Hey TRO, as well as throwing a dart, couldn't the buy zone be used at ANY candle opening of any time frame; the 'edge' being maintained by use of indicators/market savvy/trading in direction of trend etc?
I get the feeling this really is like owning a casino table....I can hardly wait for Monday morning.
4x=0, the capital, Brussels.
I wouldn't go lower than 60 minute candles.
I use 3 buy zones: London open, New York open and Sydney open.
Those give me more than enough trading opportunities.
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.
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"I just find it to be profitable to be trading in the direction of both the 5 and 60 minute candles."
Hmm, that's interesting. It almost seems to be a moot point, as any buy signal will always be in the direction of the 60 minute candle, and so should any sell signal.
ahah! i suppose that is only true for the first hour of the open..
nice!!
so we got the 60 minute condition.
the dynamic s/r...
and some other stuff...
Hmm, that's interesting. It almost seems to be a moot point, as any buy signal will always be in the direction of the 60 minute candle, and so should any sell signal.
ahah! i suppose that is only true for the first hour of the open..
nice!!
so we got the 60 minute condition.
the dynamic s/r...
and some other stuff...
- TheRumpledOne
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