Hello Everyone,
I love this artwork and just recently got in touch with it. Only question I have during trading equities is there a good way once in a trade to define a better exit in order to avoid scalping all the time? Which indicator would be recommended or should we have a 2nd chart on another timeframe?
Respectfully,
1976
TRO BUY ZONE - KEEP IT SIMPLE
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- TheRumpledOne
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Go to www.stockfetcher.com and look at the NEVER LOSE AGAIN thread there. There are people using the BuyZone on TOS.
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 do NOT PM me with trading or coding questions, post them in a thread.
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How to Use it
Ok...I looked for an "instruction Manual" type file but can seem to find anything on the MilkTheCows workspace/indicators with the buy zone for Tradestaion. Can someone please explain all the messages and how to use this workspace? Are there general guidelines for TRO's indicators and strategies? I can find a lot of the ELD's mentioned but I find it difficult to figure out what they are all supposed to do or how to use them best. I got the Motherloads for TS but not sure how to use a lot of them...thanks for the great work TRO!
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- TheRumpledOne
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Check out my NEVER LOSE AGAIN thread on www.stockfetcher.com
If candle is green at the Long Bottom, then enter long.
If candle is redat the Short Top, then enter short.
The radarscreen tells you where price is in relation to the buy zone. It also tells you which way to "fade the gap".
If candle is green at the Long Bottom, then enter long.
If candle is redat the Short Top, then enter short.
The radarscreen tells you where price is in relation to the buy zone. It also tells you which way to "fade the gap".
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 do NOT PM me with trading or coding questions, post them in a thread.
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Buy Zone - Doing It Wrong?
Ok..So I am trying this buy zone thing..doing simulated trades on Tradestation- Tell me if I am doing this wrong or today is just an "Off Day" for the Buy Zone?
I am entering short to fade the gaps at the arrows drawn as I got red bars in the Zone from above..both times stopped out and price reversed immediately.
If you tried AAPL in the first 2 minutes I caught about 25 cents but had to be QUICK.. Do the lines only get drawn After the first minute is closed? I might have been able to get in sooner if I saw the Zone drawn right at the open...
Am doing this correctly?
I am entering short to fade the gaps at the arrows drawn as I got red bars in the Zone from above..both times stopped out and price reversed immediately.
If you tried AAPL in the first 2 minutes I caught about 25 cents but had to be QUICK.. Do the lines only get drawn After the first minute is closed? I might have been able to get in sooner if I saw the Zone drawn right at the open...
Am doing this correctly?
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pdmoney,
The questions you are asking have all been answered in detail on this site as well as the site that TRO reccomended (Go to www.stockfetcher.com and look at the NEVER LOSE AGAIN thread there. There are people using the BuyZone on TOS.)
It's worth the time in my opinion to dig in and read all you can on the topic to get a clear understanding of this system. I trade the buyZone open every day and have taken the time to dig in to understand what TRO and others have taught.
The buyzone not being drawn until the close of the first 1min candle is no big deal. Just mentally add or subtract the .10 from the opening price and take the trade within a .10 range of the trigger price.
Good Luck
The questions you are asking have all been answered in detail on this site as well as the site that TRO reccomended (Go to www.stockfetcher.com and look at the NEVER LOSE AGAIN thread there. There are people using the BuyZone on TOS.)
It's worth the time in my opinion to dig in and read all you can on the topic to get a clear understanding of this system. I trade the buyZone open every day and have taken the time to dig in to understand what TRO and others have taught.
The buyzone not being drawn until the close of the first 1min candle is no big deal. Just mentally add or subtract the .10 from the opening price and take the trade within a .10 range of the trigger price.
Good Luck
- TheRumpledOne
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Because of the way TradeStation processes, the Buy Zone is NOT drawn until the close of the 9:31 candle - the first candle of the day.
But you can load the radar screen version and see where price is in relation to the buy zone.
But you can load the radar screen version and see where price is in relation to 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.
Please do NOT PM me with trading or coding questions, post them in a thread.
- RockHardTen
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TheRumpledOne wrote:If you do that, you take a chance of having your stop hit when a spike occurs.
IMHO, better to have your target exit order entered, stop out manually and cancel your exit.
TRO,
Hello, new to the site. Thanks for all the great indicators and instructions on how to use them, although I haven't gotten through them all.
My question is do you still suggest to have only target order entered and manually exit? If so, at what point do you call it?
Thanks again
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