TRO BUY ZONE - KEEP IT SIMPLE
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Re: TRO BUY ZONE - KEEP IT SIMPLE
Agree Pro ,but my point was that back testing usually involves complete sessions . I am only interested in trading this method for a few mins @ the open .Also back testing doesn't consider the speed of the bars as they are forming .That is a big art of how I am trading this method .But,I do get your point ..
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Re: TRO BUY ZONE - KEEP IT SIMPLE
Volnmar , are you watching ?
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Re: TRO BUY ZONE - KEEP IT SIMPLE
Notice how the levels were respected later in the day .
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Re: TRO BUY ZONE - KEEP IT SIMPLE
What does that mean to you as a trader ? Coincidence , ??
- volnmar
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Re: TRO BUY ZONE - KEEP IT SIMPLE
dchappy wrote:What does that mean to you as a trader ? Coincidence , ??
Nice example, for every strategy there is a day with such a great result.
I tried to trade buyzone for every 1H candle (reset buyzone every hour) and trade 1min chart, biggest problem is that you don´t know how many pips to take. I can´t take 2 pisps if risk 10 pips, it doesn´t make sense.
What is your setup? Daily open in middle and +-5 pips range or what? When you enter into trade? By limit order or market by hand, how many pips you take?
Watch and show me on this image from today:
Daily open and +-5 pips range. and lets say you want 10pips from each trade as TP to have Risk Reward Ratio 1:1
I want to learn so please do not be rude on me
Just learning
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Re: TRO BUY ZONE - KEEP IT SIMPLE
Rather than mark your chart ,these are the trades I took this a.m. This was a 25? Pip range and I still was able to make my daily goal of 10 pips . First of all I don't set a target .This is scalping ,I take whatever I can ( as Tro says ). I move my stop very aggressively , if the price has moved 3 or 4 pips I am already @ be . You have to be alert and fast .(study (Tro's playbook video ). Also ,don't get greedy , build your account slowly and get to a point where you can live on 10 pips a day .(a $2500 account can trade 1 lot of EU
, at 10pips /day that is $25,000/yr. ) I trade the futures side so I can trade $25/ pip with the same account size . Take your time ,go slow and try to master this simple method .It has become my favorite way of trading ........Sorry if my posts sounded rude ..
, at 10pips /day that is $25,000/yr. ) I trade the futures side so I can trade $25/ pip with the same account size . Take your time ,go slow and try to master this simple method .It has become my favorite way of trading ........Sorry if my posts sounded rude ..
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Re: TRO BUY ZONE - KEEP IT SIMPLE
P.S. It helped me greatly to watch a scalper in action . " Dowscaler . com has some good videos on you tube ....good luck to you ,....
Re: TRO BUY ZONE - KEEP IT SIMPLE
Sorry...typo error..."Dowscalper.com"
- volnmar
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Re: TRO BUY ZONE - KEEP IT SIMPLE
dchappy wrote:Rather than mark your chart ,these are the trades I took this a.m. This was a 25? Pip range and I still was able to make my daily goal of 10 pips . First of all I don't set a target .This is scalping ,I take whatever I can ( as Tro says ). I move my stop very aggressively , if the price has moved 3 or 4 pips I am already @ be . You have to be alert and fast .(study (Tro's playbook video ). Also ,don't get greedy , build your account slowly and get to a point where you can live on 10 pips a day .(a $2500 account can trade 1 lot of EU
, at 10pips /day that is $25,000/yr. ) I trade the futures side so I can trade $25/ pip with the same account size . Take your time ,go slow and try to master this simple method .It has become my favorite way of trading ........Sorry if my posts sounded rude ..
Great, thank you, i´ll try only to move my SL as you say. do not wait for Tp hit... but few last things...
From which time you draw open price line(middle)?
Do you use it for whole day?
How far from it are those 2 other lines? 5pips each for all instruments?
Do you open position exactly on the line? And how far you place SL before you start moving it?
Just learning
Re: TRO BUY ZONE - KEEP IT SIMPLE
The midline is the open price of the session you are trading ,, London,NY,,etc . On the Eu ,I use 5 pips between lines .I enter with limits or market orders depending on the speed of the market .Read the thread again and most of your questions will be answered . Good luck.....
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