Kenyuki's BuyZone Trading Blog

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noone22
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Postby noone22 » Fri Oct 23, 2009 12:29 pm

Kenyuki wrote:This method has been tried and trusted and I'm not going to mess around with it


With all my respect I disagree.
I don't know for sure, on which timeframes, time(s) to trade,
currency pairs, stop-loss and profit-target figures,
average candle size, market conditions, etc
this method was tried, so I cannot blindly trust in it.

My 2 months struggle with BZ on EURUSD M5 London open
and USDJPY M15 during Asian session didn't give me
profit. It gave me screen time and overall understanding
of scalping techniques.
N.B: By sentence above I'm not saying, that BuyZone
is not un-profitable generally. I cannot found the way
to make it profitable for the above-mentioned parameters.
I haven't tried other combinations.

Everyone would agree, that even slight change to any
of the parameters above might change the results significantly.
For example, nobody will make a profit from BZ
around Tokyo open on GBPUSD or even on EURUSD on
Sydney open - just because price may stay in the range
between BuyZone and SellZone for hours there, there are
no enough volume and movement.

What Ken is doing - is trying another set of parameters.
If he would find a Holly Grail with it - I'll grab it too.
If not - that doesn't mean anything, apart from fact that
this set of parameters is un-profitable. Another set
(just around the corner) - may be, but we don't know about this
untill we try.

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Patch
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Postby Patch » Fri Oct 23, 2009 12:38 pm

noone22

Looking at the 0600 hour trade, I don't see a long entry trigger at all. The candle was wickless and never came close to the blue trade trigger line.

Your post makes me wonder what the reasons are for and against trading BZ as a Green or Red RAT one directional trading.

So many questions and possibilities and so little time.

Patch
Lost in Wonder

[ADDED]
noone22

I just saw your great post immediately above this post. I agree with you. It has been through all the hours I've invested digging into BZ that I've learned so much about several aspects. One big one is the Wick and Tails analysis. This has dragged me into a growing appreciation and interest in statistical analysis. I wonder if anyone has interest and knowledge and programming abilities to do some time running analysis. The things I like so much about BZ is that it is simple. Then the more I've dug the more facets I've discovered. I've also found a trading buddy. The fun and synergy is awesome. We email and talk all the time. There is definitely idea synergy, two are better than one. I highly recommend a trading buddy/friend to everyone learning trading. By design, trading is a solo, and likely, lonely, many hours consuming, activity. My wife is wonderful and supports me, and doesn't have a clue what I am doing or talking about. My trading buddy and I speak the same language and share many similar experiences on this marathon journey.

STATISTICAL ANALYSIS DESIGNER AND DOER NEEDED-PLEASE CONTACT PATCH THE STATISTICAL PIRATE
Last edited by Patch on Fri Oct 23, 2009 1:01 pm, 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 Horizon » Fri Oct 23, 2009 12:50 pm

None22,
Can I ask what strategy you are trading and if you are profitable with it? It is on of TROs? Have you completely stopped using BZ?
Horizon

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Postby Kenyuki » Fri Oct 23, 2009 2:09 pm

noone22 & Patch,

Thanks for your comments.

I'll just roll with this and we'll see how it goes.

You will always figure out why a trade has gone wrong - in retrospect. Once you're in the trade, it's all up to the market and no matter how much research and analysis and trade confirmations you get, it can still go wrong.

I've had enough of complex trading setups where you will need to wait until Venus aligns with Pluto on a full moon etc. If the trade is a loss, that's fine, if it's a profit, that's fine too. I reckon it is just a matter of how you stick to your own rules and not jump ship when things go wrong once in a while. But then again, every trader has his own personality.

I mean come on, people make money with this. Why can't we do?

May we all find what we are looking for.

All the best,
Ken.

PS:

Moving forward, I will not be analyzing my trades. Perhaps just make some side notes, e.g. some stupid rookie mistakes I have done during trade entry etc.

From my previous experience, analyzing past trades just drove me nuts. I corrected setups, tweaked entries and exits here and there, which was ok. Funny enough, my trades still went wrong sometimes. The only thing I have learned from analyzing my trades (and actually stuck into my head) was to just stick to my trading plan ;).

It is seldom that you get to find a trading method that fits you as a trader. When I learned of the BZ, it was like love at first sight :lol:

And as TRO once said: "It is not what you trade - it is how you trade it" ;)

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Postby Patch » Fri Oct 23, 2009 3:42 pm

Kenyiki

I am sorry I offended you.

Please forgive me. I think you are doing a wonderful job in your trading and posts.

I, like you, BuyZone, it was love at first site. I broke it off and wandered off for a while, and came back.

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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Postby Kenyuki » Fri Oct 23, 2009 4:04 pm

Hi Patch,

Patch wrote:I am sorry I offended you.


Geesh, of course you did not, don't worry about it!

We are all grown ups here. I think we all have the maturity and decency to stand up for ourselves and respect others. I am not expecting everyone to agree on everything, most especially when it comes to trading. Everyone rolls differently, I think that's the one thing we can all agree on.

As for me, I will just trade and post results here.

All the best for you.

Ken.

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Postby noone22 » Fri Oct 23, 2009 11:52 pm

Horizon wrote:None22,
Can I ask what strategy you are trading and if you are profitable with it? It is on of TROs? Have you completely stopped using BZ?


I'm still in demo (returned back after initial loses with real money).
I'm trading & learning several TRO's systems and non-TRO's ones
at this time, such as:

1) TRO BuyZone in conjuction with jjrvat sys
2) TRO DTB
3) TRO Rat
4) Forex Profit Monster
5) My own divergence system

BuyZone stand-alone (without other indicators or/and systems)
was not profitable for me - I called it naked BuyZone,
but I haven't tried all possible scenarious (see my post above).

Having said that, I've found that with conjuction with some other TRO indicators & systems BuyZone is profitable with about 65% win/loss:
I'm using some TRO multi-meters and TRO jjrvat indicators for this.

Another thing is - BuyZone is the core TRO stuff.
Once you've learned & understand how it's working
(doesn't matter - profitable with system itself or not),
one would easily understand other TRO stuff.

Haven't got luck with TRO DTB yet, and these semaphors & their movement seems to be rather complex for me.

Just learning TRO Rat - haven't actually traded it.

Forex Profit Monster (bought it on ebay) is incredible good
(82% win/loss), but it is trend system and could give you
0 or 1 signal per pair per session.

My own divergence system is under development
and is not giving any profit so far.

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Postby noone22 » Fri Oct 23, 2009 11:59 pm

Kenyuki wrote:From my previous experience, analyzing past trades just drove me nuts. I corrected setups, tweaked entries and exits here and there, which was ok. Funny enough, my trades still went wrong sometimes. The only thing I have learned from analyzing my trades (and actually stuck into my head) was to just stick to my trading plan ;).


This is all true in assumption, that your trading plan and set-up
are correct and profitable.
If they're not - you have to either analyze trades
or change the plan.
Anyway, I'll postpone anaylzing your trades as well,
I thought you require some ideas.

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Postby Kenyuki » Sat Oct 24, 2009 11:27 am

Hello noone22,

noone22 wrote:Anyway, I'll postpone anaylzing your trades as well,
I thought you require some ideas.


I don't really mind if you did. All I was saying was that I will not analyze my trades. Doesn't necessarily mean you can't or shouldn't.

Anyways, till the next London open!

Cheers,
Ken.

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Postby noone22 » Sun Oct 25, 2009 11:45 am

Some folks are asking mr about my BZ settings.
I have several BZ templates on the matter,
I'm always experimenting with them.
See one of my BZ templates attached.

I'm using modified by myself TRO donational
and non-donational indicators and non-TRO ones,
so for obvious reasons I cannot upload the indicators.

Image

From this chart usage of camarilladt.mq4 is clearly
visible: price retraced from the Pivot (green line),
otherwise I have no idea sometimes, what to expect.

I'm not going into more details, because Ken would
start thinking, that I'm stealing this thread from him -
beleive me, that is not my intention at all.
I simply very interested in BuyZone methods
and its tryers (they may help me to find Holly Grail).
Attachments
01_noone_eurusd_m5_buyzone.tpl
Noone BuyZone template for EURUSD M5
(51.19 KiB) Downloaded 80 times
Last edited by noone22 on Sun Oct 25, 2009 11:52 am, edited 1 time in total.

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