IgazI wrote:TheRumpledOne wrote:
That's called THE BUY ZONE!
Creating a zone around the open (a single price) and trading when price breaks it is called the Buy-zone; looking for multiple closing prices, and wicks, in an area to determine price levels from which to trade away from is a completely separate idea.
Similarly, the Wick-zone is not the Buy-zone even though the entry is taken on or on either side of an open.
MO summed up the simplest approach to me, not long after I joined Kreslik: Find a bunch of opens and closes and trade away from them.
IgazI, I am the inventor of the Buy Zone and the Wick Zone, the Rat Zone, HOLO Zone, and ATR Zone.