THE BUY ZONE MANUAL

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dito042
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PLEASE HELP!

Postby dito042 » Mon Jul 13, 2009 7:25 pm

Hello Everyone - especially TRO!

Newcomer here - I am glad I found and willingly joining the good Pirates!
By the way, where can I download the Safe Zone file/templates?

I am seriously desperate for a group of generous guys and their battle tested tools to give a real boost of live to my finances!

PLEASE HELP and

THANKS!

stifland1 wrote:OK, so I just got the motherlode and have BZ on. this trae worked and was NICE!. Question is do the zones automatically reset? and I know I read how to move text with the pink slashes somehow, but now I can't find it ;) Thanks. billy

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TheRumpledOne
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Postby TheRumpledOne » Mon Jul 13, 2009 9:42 pm

What is SAFE ZONE?
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.

dito042
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Postby dito042 » Tue Jul 14, 2009 4:57 pm

TheRumpledOne wrote:What is SAFE ZONE?


I am sorry: I meant BUY ZONE as seen in screenshots on page 1.

Thanks

dito

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tmanbone
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Postby tmanbone » Sun Feb 14, 2010 5:24 pm

"The Buy Zone is a statistically calculated
system that is designed to take advantage of
the trading range of the instrument being
traded. For example, as of January 17, 2008,
the GBPUSD has an average hourly range of 31
pips over the last 960 hours. The Buy Zone is 8
pips wide. You can't fit 31 into 8. The range has to
stick out of at least one side. So, if you enter at
the trigger line, you have the statistical edge of
making a profit? IT IS THAT SIMPLE!" - TRO

This is key. I needed this lesson. Thanks, TRO
Last edited by tmanbone on Mon Feb 15, 2010 12:07 am, edited 1 time in total.
"The simplicity of the markets is it's greatest disguise"

T

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Patch
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Postby Patch » Sun Feb 14, 2010 7:53 pm

tmanbone,

You win the prize of confusing the heck out of me for the year on this one. Why do you want to stuff the average hourly range of 31 pips into the buyzone entry and exit of 8? Is the question can 8 stuff into 31, rather than 31 into 8? Are we looking at the same thing and just describing it differently? Also I wonder if the real average hourly rate to consider the the ATR of that particular hour (8-9am EST), for 30 days, or whatever, and not the 24 hours or 30 trading days? I believe the more specific we are, the more profits will are going to pull out of the BZ.

I don't know what to say, though it may sound like I went to yalle for my BA, BS, Masters and pHD, I don't think I have ever set foot on yalle turf, though I did live in Connecticut for 11 years-hum, maybe thats it.

Patch
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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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Patch
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Postby Patch » Sun Feb 14, 2010 7:55 pm

This was indeed a good post, but not worth posting twice.jb

Moderator -- please delete this post. thx.
Last edited by Patch on Mon Feb 15, 2010 4:00 am, edited 1 time in total.

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TygerKrane
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Postby TygerKrane » Sun Feb 14, 2010 9:20 pm

Hey Patch,
I believe Tman is pretty accurately stating it as TRO did ("You can't fit 31 into 8.") I was looking for the link to a TRO post, but couldn't find it quickly enough.

On a different note, are you actually operating the Buy Zone in a +/- 1 pip range from candle open??

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Postby TygerKrane » Sun Feb 14, 2010 9:35 pm

Patch, I found it, page 2 of the Buy Zone FAQ
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**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Patch
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Postby Patch » Sun Feb 14, 2010 10:57 pm

TygerKrane

I believe that the entry trigger amount has everything to do with the time frame you are using with the BZ, as does the profit target. Both are directly dependent on the Time Frame being traded, as well, I believe the direction, be it green or red. If markets tend to fall much faster than they go up, why would the entry and profit targets for the long and short trade be the same? This is my question. I am having my autotrader able to have variables for each, and I will test the forward and back to see if the theory holds any water or not.

What do you think? Does this make sense or not? The BZ is so simple.

What is the BZ edges?

Patch
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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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tmanbone
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Postby tmanbone » Sun Feb 14, 2010 11:04 pm

It was copied and pasted from the buy zone manuals FAQ's. I was about to post the same question to TRO that Patch did to me. I was thinking how confusing, I just don't get this. After about the fifth read it sunk in. Look in the FAQ's http://kreslik.com/forums/viewtopic.php?t=1356
"The simplicity of the markets is it's greatest disguise"



T

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