THE BUY ZONE MANUAL

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

usalchemist
rank: <50 posts
rank: <50 posts
Posts: 2
Joined: Mon Jul 28, 2008 5:35 pm
Reputation: 0
Gender: None specified

Postby usalchemist » Tue Jul 29, 2008 12:53 pm

Hi TRO,

Do you have BuyZone indicator created for NeoTicker?

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11405
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Wed Aug 06, 2008 3:35 am

I don't code NT
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

PINKPANTHER5
rank: 150+ posts
rank: 150+ posts
Posts: 216
Joined: Fri Feb 13, 2009 7:52 pm
Reputation: 0
Gender: Male
Contact:

When NOT to trade the BUY ZONE?

Postby PINKPANTHER5 » Wed Mar 11, 2009 2:21 pm

When the market is moving rapidly it is probably advisable not to trade the Buyzone because you can get stopped out on both trades in seconds. I traded the EUR\USD and used the buyzone at 10:18 AM new york time and got almost instantly stopped out on both because the market was a little fast.

The best time would be after 12:00?? Or after the news announcements stop?


:wink:

PINKPANTHER5
rank: 150+ posts
rank: 150+ posts
Posts: 216
Joined: Fri Feb 13, 2009 7:52 pm
Reputation: 0
Gender: Male
Contact:

Postby PINKPANTHER5 » Wed Mar 11, 2009 2:23 pm

Actualy I used it at 10:00 AM. At around 10:18 I posted this message. :D

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11405
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Wed Mar 11, 2009 8:25 pm

You can get stopped out whether or not you use the BUY ZONE.

No one knows if the next tick will be up or down. That's why the market exist.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
rowdy
rank: 150+ posts
rank: 150+ posts
Posts: 157
Joined: Fri Feb 20, 2009 1:22 pm
Reputation: 0
Location: Murfreesboro, Tennessee
Gender: Male

Re: When NOT to trade the BUY ZONE?

Postby rowdy » Thu Mar 12, 2009 10:04 pm

PINKPANTHER5 wrote:When the market is moving rapidly it is probably advisable not to trade the Buyzone because you can get stopped out on both trades in seconds. I traded the EUR\USD and used the buyzone at 10:18 AM new york time and got almost instantly stopped out on both because the market was a little fast.

The best time would be after 12:00?? Or after the news announcements stop?


:wink:


I was curious like you when would be the best times to trade BZ. So I created a strategy in Tradestation to start at Midnight and count the number of times that the price crossed over the opening price going back nine years of data. Then I would increment 5 minutes and do the same thing again over a 24 hour period. See attachment. The results arent really surprising when you think about it. I sorted the results and you are looking at the least number of crossings. Notice that Monday morning seems to just rock. Friday is a shorter session so I wouldnt put much weight on those values.

Thanks Avery for all of your help. Your kindness and generosity are much appreciated.
Attachments
Best Times for BZ.xls
(13.5 KiB) Downloaded 764 times

rajan08
rank: <50 posts
rank: <50 posts
Posts: 5
Joined: Sun Mar 15, 2009 1:42 am
Reputation: 0
Gender: Male

Postby rajan08 » Sun Mar 15, 2009 2:07 am

Hi guys.

Im a bit new to this forum.. Where can I can the BUY AND SELL zone indicators.? Link would be great. Thanks

Cheers

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11405
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Sun Mar 15, 2009 3:33 am

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



Please do NOT PM me with trading or coding questions, post them in a thread.

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5545
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Sun Mar 15, 2009 3:55 am

Rowdy,
Least # of crosses.
Do you mean crossing the buylsell zones or the TP zones?

Can you run one that checks to see which one's actually make it 11 pips from open?
Thanks,
Procharged
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

User avatar
rowdy
rank: 150+ posts
rank: 150+ posts
Posts: 157
Joined: Fri Feb 20, 2009 1:22 pm
Reputation: 0
Location: Murfreesboro, Tennessee
Gender: Male

Postby rowdy » Sun Mar 15, 2009 12:56 pm

prochargedmopar wrote:Rowdy,
Least # of crosses.
Do you mean crossing the buylsell zones or the TP zones?

Can you run one that checks to see which one's actually make it 11 pips from open?
Thanks,
Procharged


Thanks for the reply. The spreadsheet you are looking at shows the number of times that the price crossed back over the opening price over a nine year sample. What I did was start at midnight (0000) and count the number of times that the price crossed over the midnight opening price. Then I incremented the open time by 5 minutes. Then I counted the number of times that the price crossed over the 0005 opening price. I added 5 minutes again and again until the 2355 opening time. Then I took the resulting text file for the entire run and sorted it by the least number of crossings to the most. The results in the spreadsheet are the times that had the LEAST number of crossings back over the opening price. The reason for this is obvious. If you are trading buy zone, I think you would agree that getting whipsawed is a bad thing :lol: You have the best results when the price starts in one direction and just keeps going and going away from the opening price. Go back and just look at the charts for GBPUSD at the London opening time. Go back several days and just look at what happens. What you will see on several occasions is the price starting to go up or down and just keep going away from the open. That first hour is a real opportunity to make great money using buy zone. WARNING: This information may cause severe burn-in of the word GREEDY on your plasma monitors :lol: :lol: . What you are looking for on the days of the week are the LEAST crossings. Notice how good Mondays are. Fridays are a short session so I would not put much weight on those values. Try trading buy zone on Monday mornings at the first hour of the London open on the GBPUSD and see how well you do. I think you will be extremely pleased with your results.

As far as the 11 pips, I am certain that the price would move from the open by 11 pips at some point during the day almost without exception.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”