Never Lose Again

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Sun Apr 22, 2018 6:10 pm

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

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IgazI
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Re: Never Lose Again

Postby IgazI » Mon Apr 23, 2018 3:37 am

TheRumpledOne wrote:
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.


That's nice to know, but I fail to see what that has to do with what was quoted...
when someone 'sums up' something they are pulling information from one or more sources and compiling it; they are not claiming to be
the originators of that information.

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LeMercenaire
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Re: Never Lose Again

Postby LeMercenaire » Mon Apr 23, 2018 8:18 am

Guys, things are getting tied in knots here, all from a harmless quote by myself.

I have to say, that TRO, I think you have simply misread what was said, as MO did not describe the Buy Zone.

Now, that's probably because I should have used the word ''grouping'', meaning a collection of, rather than ''bunch'', which could be seen to mean a number of separate single entities.

TRO, your Buy Zone is a move away from a single Open.

MO was not describing that - instead, he meant that we waited for a grouping of consecutive opens / closes (on any time-frame and not the Daily Open) that were all around the same level - ie contraction - and trading away from them. This is not the Buy Zone.

He also was never claiming ownership, this was simply a casual conversation about how you can simplify things in trading and he used that as an example.

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LeMercenaire
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Re: Never Lose Again

Postby LeMercenaire » Mon Apr 23, 2018 12:19 pm

Final word. From me, anyway.

Here's a perfect example of what I and MO were talking about...

NZDUSDH1acollectionofopens23rdApril18.png
NZDUSDH1acollectionofopens23rdApril18.png (33.8 KiB) Viewed 392 times


NZDUSDH1agroupingofwhatevers23rdApril18.png
NZDUSDH1agroupingofwhatevers23rdApril18.png (23.18 KiB) Viewed 392 times

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Mon Apr 23, 2018 3:12 pm

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



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IgazI
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Re: Never Lose Again

Postby IgazI » Mon Apr 23, 2018 6:33 pm

The open was a price level (multiple closing prices) so I wouldn't put my stop there.

save.png
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