The BuyZone Experiment

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Does the Buy Zone work?

Yes
10
42%
Nope
4
17%
Only if you are TRO
10
42%
 
Total votes: 24

4x=0
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The BuyZone Experiment

Postby 4x=0 » Sun May 20, 2007 2:37 pm



I will be trading
YEN + YEN ZONE
GBP/USD + Buy Zone 1
AUD/USD + Buy Zone 2
EURO or YEN + Buy Zone 3



All trades will be logged on the spreadsheet. (spreadsheet attached)

Attachments
BuyZoneLog1.xls
(16.5 KiB) Downloaded 124 times
Last edited by 4x=0 on Sun May 20, 2007 8:08 pm, edited 1 time in total.

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Postby bbtrader » Sun May 20, 2007 3:38 pm

Looking forward to seeing your results, 4x. Good luck!

4x=0
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Postby 4x=0 » Mon May 21, 2007 12:42 am

THIS COULD GET PRETTY UGLY FOLKS



THE POTENTIAL IS THERE.



i HESITATED ON A COUPLE GOOD ENTRIES.

ALWAYS LEARNING.

LONDON OPEN HERE I COME.

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TheRumpledOne
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Postby TheRumpledOne » Mon May 21, 2007 1:01 am

See if you like this version.

XLS attached.
Attachments
BZ.xls
(18.5 KiB) Downloaded 185 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby TheRumpledOne » Mon May 21, 2007 1:05 am

If you were to draw a trendline connecting the lows, you would see the Yen bouncing off that trendline.

Remember, instructments usually do not move in a straight line, they wiggle! Give it some room to wiggle.

Also, the SL is one pip away from the entry in the opposite direction!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby 4x=0 » Mon May 21, 2007 1:42 am

TheRumpledOne wrote:See if you like this version.

XLS attached.


If it could handle both currency formats ie (xxx.xx and x.xxxx) then i would like it. And if the net P/L had the commission pip already subtracted based on the currency, that would be helpful. I had been manually entering the net P/L so that I could adjust for both of these "problems". Sometimes I wish I were a computer programmer.

just use -7 S/L !!


In that case, I'm going to start using limit+TTO orders, -7 for both thresholds.
I don't like doing that because of the extra step of canceling your TTO order before getting out manually.

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Postby TheRumpledOne » Mon May 21, 2007 2:40 am

Just use 4 decimal places and everything will add up.

You could always add a commission column (hint).
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheOne » Mon May 21, 2007 6:16 am

TheRumpledOne wrote:If you were to draw a trendline connecting the lows, you would see the Yen bouncing off that trendline.

Remember, instructments usually do not move in a straight line, they wiggle! Give it some room to wiggle.

Also, the SL is one pip away from the entry in the opposite direction!!

Here is the thing. As we venture more and more into the Buy zone it is evident that its not as easy as we were made to believe.
When I first read about the buy zone I thought It was easy and I was to through everything learned out the window. But as time goes I see where this is not the case.
We have to draw trendlines, use sunday as the weekly bias, look out for weekly, monthly highs etc.
For people to trade this setup they need to be aware from the start that this is what is required. I wish all this was made clear from the start.
In looking over my charts I have long realized that trendlines were sometimes necessary (but this was never mentioned before) so I still have my ema's and an indicator or two to help with entries.
I think what 4x=0 is doing is great but I still would love to see a full description of this strategy (hint).

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Postby 4x=0 » Mon May 21, 2007 9:16 am

It seems to all be a matter of support and resistance. highs and lows, trendlines, etc. When your money is at risk you will always want a clear path. i think trading the buy zone is like a set of training wheels for some very advanced experienced trading.





drawing proper trendlines requires its own skill. especially on 5 minute charts..

going to need to work on that i think.


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Postby 4x=0 » Mon May 21, 2007 12:38 pm

These trades CAN be planned.


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