TRO - "I use the BUY ZONE and DYNAMIC SUPPORT/RESISTANC

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

johnsund
rank: 50+ posts
rank: 50+ posts
Posts: 76
Joined: Thu Dec 18, 2008 11:25 pm
Reputation: 0
Location: Colorado
Gender: Male

TRO - "I use the BUY ZONE and DYNAMIC SUPPORT/RESISTANC

Postby johnsund » Sat Mar 07, 2009 6:45 pm

In several posts you make the above statement, but never really explain how the two go together. Can you please explain? Also, which Dynamic Support/Resistance indicator do you use for Tradestation.

Thanks.

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: 11440
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 08, 2009 6:33 am

How they go together?

If there is support or resistance in the Buy Zone, trade with extreme caution against sup/res.

Which one for TradeStation? SR2 or SR3.
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.

johnsund
rank: 50+ posts
rank: 50+ posts
Posts: 76
Joined: Thu Dec 18, 2008 11:25 pm
Reputation: 0
Location: Colorado
Gender: Male

Postby johnsund » Fri Mar 13, 2009 3:26 am

Most of the examples are for trading forex. Are either indicator suitable for fading the gap on AAPL or RIMM? Any changes in the indicators needed to do so?

Thanks

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11440
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Fri Mar 13, 2009 4:30 am

You don't need sup/res for FADING THE GAP - you need the BUY 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.

johnsund
rank: 50+ posts
rank: 50+ posts
Posts: 76
Joined: Thu Dec 18, 2008 11:25 pm
Reputation: 0
Location: Colorado
Gender: Male

Postby johnsund » Fri Mar 13, 2009 5:27 pm

I am using the BuyZoneto fade the gap on AAPL, and with good results. Have been reviewing your various posts about the BZ and fading the gap to learn more. In several spots you say that when you do add an additional indicator it is support/resistance. That is the reason for my question. Are there circumstances in fading the gap when you do use support/resistance, or any other indicator to assist in making entrance or exit decisions? Your previous posts certainly indicate this was the case.

Thanks - as always.

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: 11440
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Sat Mar 14, 2009 3:00 am

If price gaps down and you want to go long but there is resistance in the way, you may or may not want to enter the trade.
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.

johnsund
rank: 50+ posts
rank: 50+ posts
Posts: 76
Joined: Thu Dec 18, 2008 11:25 pm
Reputation: 0
Location: Colorado
Gender: Male

Postby johnsund » Sun Mar 15, 2009 4:26 pm

Am using SHME Dynamic SR2a on a chart with BuyZone and DailyOpenPReviousClose. Could you please explain the difference in light red and blue dot meanings? Also, meaning of dot at top or bottom of candle. Thanks - as always.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11440
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 5:03 pm

I think the first dot of a new SR level is highlighted.

Please post a chart so I can see what you see.
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.

johnsund
rank: 50+ posts
rank: 50+ posts
Posts: 76
Joined: Thu Dec 18, 2008 11:25 pm
Reputation: 0
Location: Colorado
Gender: Male

Postby johnsund » Sun Mar 15, 2009 6:12 pm

[img]

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11440
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 9:46 pm

LOL... my old eyes can't see that small chart.
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.


Return to “TheRumpledOne”