BUY ZONE FOR DUMMIES INDICATOR

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rowdy
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Postby rowdy » Wed Apr 01, 2009 10:28 pm

winny wrote:
stifland1 wrote:I had a question here. AT 00:00 hour, we had a sell. I entered short, it reversed and said Long. Should we reverse or is this a once an hour trade? Also how are the 3 pip spread accountrd for? I can only see I have to use a market because otherwise the mt4 doesb't take orders because it is too close.


In my opinion this system can be used several ways. Please, if you do not want to burn your fingers, then trade the buyzone during the London open. And forget the rest of the day.
But if you want to persist and like to trade all day long then I guess you could have reversed here. What you should do is use the blue lines and red lines as your trigger, but...........it must be accompanied by some other fast trend mechanism/indicator/strategie/system (whatever you want to call it). Only take longs above the buyzone, only take shorts below the sellzone.
Use the trend as your guide for riding the trend. This is also your trailing stop. Practice, you will do fine eventually.


This is very good advice. Might I also suggest the London open and GBPUSD.

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TheRumpledOne
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Re: Is there a Buy Zone reset ???

Postby TheRumpledOne » Wed Apr 01, 2009 10:45 pm

gilcoms wrote:Please look at my chart . Am I supposed to rest the buy zone lines somehow somewhere .

Image


You need to use a different buy zone indicator.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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stifland1
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Postby stifland1 » Wed Apr 01, 2009 11:03 pm

thx winny, sound advice. my idea was jpy at asian open, but i know it is less movement.......but more sleep :)

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Postby germantrader » Mon Jul 20, 2009 9:08 am

Just installed the bs zone indicator for dummies on my platform.
I had sounds alerts set to true. And I get a sound alert for every tick movement up or down. Is that correct or can I change the setting someplace so that there is not an alert for every tick move up or down ?
Tku for any info.

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TheRumpledOne
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Postby TheRumpledOne » Tue Jul 21, 2009 12:17 am

Post a chart showing the indicator.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby germantrader » Tue Jul 21, 2009 8:01 am

TheRumpledOne wrote:Post a chart showing the indicator.


Here is euusd 5min with the alerts set to true.
Attachments
bs zone indicator.jpg
bs zone indicator.jpg (254.63 KiB) Viewed 1825 times

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Postby germantrader » Wed Jul 22, 2009 11:06 am

Hello TRO
Observation made:
just looked over euusd and gbpusd 5min charts for today.
It appears that many are using this strategy at the round hour, meaning at the 0800 candle, 0900 candle, etc.....
At the start of these candles price almost always goes in one clear direction!
Hedge funds, big players using the same strategy ????

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TheRumpledOne
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Postby TheRumpledOne » Wed Jul 22, 2009 11:14 pm

I think there was a reason I coded it to keep sounding the alert. I'll have to have a look. Thanks.

I have no idea about the "big players".
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby cr0cop » Thu Jul 23, 2009 8:51 pm

they TRO do you have an ebook with the full buy zone strategy if so i'd like to donate some money for appreciation, i really want to get this strategy of yours mastered thanks

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Postby TheRumpledOne » Thu Jul 23, 2009 11:55 pm

Yes, I wrote and posted 3 FREE Buy Zone ebooks here on Kreslik.com.

Use the search feature.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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