BUY ZONE FOR DUMMIES INDICATOR

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cmartin371
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Re: Order Book

Postby cmartin371 » Mon Jan 14, 2008 5:07 pm

pdean123 wrote:Here are my trades for today so far using the Buy Zone.


Nice Job! $126.00 Profit for about 2 hours of fun.

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TheRumpledOne
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Postby TheRumpledOne » Mon Jan 14, 2008 6:38 pm

marc wrote:Hi!

It is amazing all the times you get killed here. Look at this hour.


Please post a chart so we can see what you are talking about.

Thank You.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby yurcek » Mon Jan 14, 2008 10:39 pm

Thank you tro for the indicator. I will take for now the version for the "smarter" :lol:

I was looking for new broker MBtrading and efxgroup and if I understand right you have to pay commision + spread on every trade ? How is that better for example if you look oanda where they have 0,9 spread EURUSD and 1,5 spread USDJPY ? And yes with my current broker it will be very hard to trade buy zone because of fixed spread.

alesio
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BuyZone for Dummies

Postby alesio » Mon Jan 14, 2008 10:40 pm

Love sent TRO

Peace & Respect Sir

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TheRumpledOne
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Postby TheRumpledOne » Mon Jan 14, 2008 10:57 pm

yurcek wrote:Thank you tro for the indicator. I will take for now the version for the "smarter" :lol:

I was looking for new broker MBtrading and efxgroup and if I understand right you have to pay commision + spread on every trade ? How is that better for example if you look oanda where they have 0,9 spread EURUSD and 1,5 spread USDJPY ? And yes with my current broker it will be very hard to trade buy zone because of fixed spread.


HERE WE GO AGAIN.....

THERE IS NO FIXED SPREAD IN FOREX!

What the spread is doesn't matter.

If you pay 1.0000 and sell for 1.0005 you gross .0005, it is THAT SIMPLE!

I don't care if the spread is .0001 or 1.0000

I hear OANDA has become pretty price competitive with EFX but my money is staying at EFX.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby ElectricSavant » Mon Jan 14, 2008 11:09 pm

FoR what it's worth for USD clients anyways...you get interest on you cash balance at Oanda and since this is not a carry method that would be money found...I think it is currently paying 4.9% or so...I haven't checked in a long time. (hint:Oanda pays interest on all your cash even if you have it all tied up on a 7 pip stop in a leverage trade...they do not deduct the cash from you interest earning balance until you realize an open trade)

I do not suggest having all your money in one Forex dealer however...look at what happened to FXLQ....Refco....One world....etc.....

I have self trading accounts at IBFX and Oanda....

ES

I hear OANDA has become pretty price competitive with EFX but my money is staying at EFX.

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Randolermo
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Postby Randolermo » Mon Jan 14, 2008 11:51 pm

yurcek wrote:Thank you tro for the indicator. I will take for now the version for the "smarter" :lol:

I was looking for new broker MBtrading and efxgroup and if I understand right you have to pay commision + spread on every trade ? How is that better for example if you look oanda where they have 0,9 spread EURUSD and 1,5 spread USDJPY ? And yes with my current broker it will be very hard to trade buy zone because of fixed spread.


yurcek,

go to:

kreslik.com - Traders Community Forum Index ? strategy trading forums ? TheRumpledOne ? THE BUY ZONE MANUAL

download manual and read pages 11-12. You'll find your answer that there's NO spread. Let me know if you still have a question after reading.

GLTA...Rando

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TheRumpledOne
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Postby TheRumpledOne » Tue Jan 15, 2008 1:49 am

Image

Another win.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Randolermo
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Postby Randolermo » Tue Jan 15, 2008 2:06 am

TRO,

isn't this a double win, one long and one short?

If you're quick enough, can't you keep trading as many times as possible in a choppy one hour or should you limit yourself to one? I'm thinking Pirates would like as much booty as possible....eh?...I mean arrrrh!

Rando

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TheRumpledOne
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Postby TheRumpledOne » Tue Jan 15, 2008 4:10 am

Yes, a double.

If you are quick and not greedy you can pip it to death!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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