Kenyuki's BuyZone Trading Blog

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Patch
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Postby Patch » Wed Nov 18, 2009 3:02 pm

Kenyuki

Your charts are looking good.

What broker are you using and what is their spread on GBPUSD?

Patch
In VA
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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Kenyuki
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Postby Kenyuki » Wed Nov 18, 2009 3:42 pm

Hi Patch,

Patch wrote:What broker are you using and what is their spread on GBPUSD?

I'm with MB Trading and their Cable spread is around 2-3 pips.

Cheers,
Ken

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Kenyuki
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Postby Kenyuki » Thu Nov 19, 2009 6:24 am

091119-600 trade:


Image

Long @ 1.67035, exit @ 1.67154

Total pips = 12

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Kenyuki
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Postby Kenyuki » Thu Nov 19, 2009 7:07 am

091119-700 trade:


Image

Short @ 1.67083, exit @ 1.67061

Total pips = 2

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Kenyuki
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Postby Kenyuki » Thu Nov 19, 2009 8:12 am

No 0800 trade unfortunately, another trade got triggered on USDJPY earlier, so I'll let that one roll, you know, limit market exposure and stuff.

The long trade on USDJPY is documented here: http://meetpips.com/members/Ken/trade_entries/12530

Cheers,
Ken

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Kenyuki
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Postby Kenyuki » Fri Nov 20, 2009 11:15 am

Dear Trading Blog,

Sorry for not trading the Buy Zone today.

I was not feeling well last night so I took a time out this morning before I start making stupid mistakes again (see my drunk trading episode).

But not to worry, all is good, trading is fun and simple, but not easy. Still hooked on it :lol:

Till next week,
Ken

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mysticalchemist
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Something to look at..

Postby mysticalchemist » Sat Nov 21, 2009 3:34 am

Hi,

I wrote before about some different ideas. Here is one to test yourself if you like. Not quite buyzone but...

One trade per day using EUR/JPY H1 chart. Buy or sell at the end of the fourth hour bar in the direction of that bar. If the bar is falling, then sell. If rising, then buy. Set TP at 50 pips and SL at 10 pips, and then walk away.


Peter
Last edited by mysticalchemist on Sun Nov 22, 2009 3:07 am, edited 1 time in total.

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Postby xtremeforex » Sun Nov 22, 2009 12:00 am

Kenyuki,

I've noticed that on many trades where you lost, you entered too early before the BUYZONE's suggested price level. This is the pattern I have started recognized from your charts is that in many trades where you have lost tend to correlate with entering not at the price quoted by the BUYZONE Long Entry. i.e. starting early. My assumption is you're trying to get a few extra pips in there. BUT, this - isn't - following the BuyZone strategy, because what I think the ZONE does is give you an idea that if it DOES hit the zone, it will continue to move up. If it never hits the zone, there is no guarantee it ever will and if it doesn't, do not trade until it does. I think you're making the expectation (in some of the charts I've seen) that you will always hit the zone - particularly when it is getting very very close. In my playing with BuyZone I've noticed the candles get VERY close to the zone and then reverse completely. So I always WAIT until it does actually hit the price level suggested *first*. I almost always have a LIMIT order placed at the level buyzone suggests.

Also, in my (limited) experience using BUYZONE, I find that if the H1 candle opens BELOW the BuyZone, when it hits the zone it is almost guaranteed to continue it's way up.

But if the H1 candle opens ABOVE the buyzone, if it does drop and hit the zone there is no guarantee it will reverse and go back up and continue, or continue to go down. These have been my observations using the BUYZONE.

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Kenyuki
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Postby Kenyuki » Mon Nov 23, 2009 7:09 am

091123-600 trade:


Image

Long @ 1.6545, exit @ 1.6538

Total pips = -7

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Kenyuki
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Postby Kenyuki » Mon Nov 23, 2009 7:10 am

Experienced a few technical issues with MBT today. We had no data feeds for about 15 minutes! Luckily, they had it fixed before the next hour began.

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