BUY ZONE FOR DUMMIES INDICATOR

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dragon33
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Postby dragon33 » Sun Aug 23, 2009 1:46 pm

lukx wrote:I asked same question not so long ago. Momo is momentum candle , candle double the size of previous one. I would also be grateful is someone could explain what is Mighty Zone and what you should expect when price is in this Mighty Zone.


A mighty zone is the upper half of the momo candle! It means price took off and you should expect a reverse when price comes back into that zone.
The higher the tmf the easier it is to recognise the momo candles!

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Postby lukx » Sun Aug 23, 2009 4:05 pm

dragon33 , Thank you very much! Can you please check on this screen shot if my thinking is correct?
Image

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Postby cr0cop » Mon Aug 31, 2009 1:43 am

1) Is the chart you use for the buy zone a bid chart?
2) Do I have to look at the range of the hour candle to increase probability? If so which indicator do I use and what kind of range do I look for?
3) What are the best days/hours to trade the buy zone?
4) Do you go long when the bid hits the +.0004 or when the ask hits the +.0004 since you are going long?
5) Why are there 2 lines for the buy zone trigger lines? Do you use the top or the bottom line to enter or whichever one of the two?
6) What do you think about H.A candles on the buy zone?
7) What is the maximum spread you will do when trading the buy zone?

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Patch
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Postby Patch » Mon Aug 31, 2009 2:22 am

lukx

You are doing great. Looking at the last two H1 candles, I am not sure if the second H1 is a momo candle against the previous H1 red candle, the last H1 candle is definitely a momo hourly candle. Was it dragron33 or es/pip who posted on Saturday that he never trades against the momo of the H1 candle. Looking at the H1 candles to the left, there is a whole bunch of money being held from the short sellers from the 1.66240 level. With the last H1 I would say this is a long ZLine drain. Nice chart.
Keep up your great work. --Patch

PS this was an 2009.08.23 post. What were the trading results?
Are you trading demo, mini, or regular accout?
Last edited by Patch on Mon Aug 31, 2009 2:47 am, edited 1 time in total.
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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Postby dragon33 » Mon Aug 31, 2009 2:39 am

lukx wrote:dragon33 , Thank you very much! Can you please check on this screen shot if my thinking is correct?
Image


Sorry mist this post.

That candle that you mentioned with the circle is indeed a momo to previous but the real momo is the big candle before that.
Everything has to do with time and speed. I can not see everything on the chart but what i see is that price likely will go up to the bigh H1!
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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Postby dragon33 » Mon Aug 31, 2009 2:44 am

How to choose the right trading direction!
Momo is the first start it show you the way where price will go.
Then you need to see a decrease in momo. If price reverse after momobar with the same speed 2 candles down and two candles up momo is not valid for directions!
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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Postby cr0cop » Tue Sep 01, 2009 9:52 pm



hello tro, on which trigger line should i set my stop

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Buy Zone for Dummies Indicator ?

Postby glenngie » Tue Oct 06, 2009 12:55 pm

I gleaned from this thread that this is in the donational load. How is the Buy Zone for Dummies listed when I receive the indicators? I noticed a list of donational indicators was listed in another thread but I never saw BZ_Dummies or anything like it? thanks

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Postby TheRumpledOne » Wed Oct 07, 2009 12:01 am

cr0cop wrote:
hello tro, on which trigger line should i set my stop


I can't tell from that chart.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 07, 2009 12:02 am

" How is the Buy Zone for Dummies listed when I receive the indicators? "

TRO2009_BuyZone_BFD
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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