TRO BUY ZONE - KEEP IT SIMPLE

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dchappy
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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby dchappy » Mon May 11, 2015 2:46 am

Tro uses the Sidney open to establish the zones ...so I took a look at it tonight ..
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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby prochargedmopar » Mon May 11, 2015 3:39 am

dchappy wrote:Tro uses the Sidney open to establish the zones ...so I took a look at it tonight ..


You using 5 pips for your zones?
Hard to see #'s on your chart.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

dchappy
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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby dchappy » Mon May 11, 2015 3:52 am

Yes sir . I use 5 and reverse @ the opposite zone .That way my max loss is 10-12 pip . Avery uses 10 for each zone .I am comfortable with a few 10 pip hits before the eventual move .I only trade the EU , so can't speak for other pairs .

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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby TheRumpledOne » Mon May 11, 2015 2:36 pm

eurusdh1.png
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Looks like the plungers are having their way with the EURUSD...
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby dchappy » Mon May 11, 2015 4:03 pm

I can understand why the open price is a magnet . However , why are the bz levels so respected ? Any one have an answer ?
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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby MightyOne » Tue May 12, 2015 3:45 am

dchappy wrote:I can understand why the open price is a magnet . However , why are the bz levels so respected ? Any one have an answer ?


It is an illusion...
click on 'horizontal line', close your eyes, start scrolling the chart backwards, & then randomly place the line.

No matter how many times you place a random line you will see price 'respect it'.

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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby MightyOne » Tue May 12, 2015 9:08 am

Do you see what I mean?

Why the *bleep* are you giving away pips!

eurusdm5.png
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I find it amusing that people would cry about the troubles of picking THE highest high of a daily extreme and yet pick THE top by not trusting the extreme with a take profit order.

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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby prochargedmopar » Tue May 12, 2015 1:25 pm

MightyOne wrote:
dchappy wrote:I can understand why the open price is a magnet . However , why are the bz levels so respected ? Any one have an answer ?


It is an illusion...
click on 'horizontal line', close your eyes, start scrolling the chart backwards, & then randomly place the line.

No matter how many times you place a random line you will see price 'respect it'.


So 00's and 50 levels are an Illusion?
00n50.png
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#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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prochargedmopar
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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby prochargedmopar » Tue May 12, 2015 1:28 pm

prochargedmopar wrote:
MightyOne wrote:
dchappy wrote:I can understand why the open price is a magnet . However , why are the bz levels so respected ? Any one have an answer ?


It is an illusion...
click on 'horizontal line', close your eyes, start scrolling the chart backwards, & then randomly place the line.

No matter how many times you place a random line you will see price 'respect it'.


So 00's and 50 levels are an Illusion?
00n50.png



It does not matter that ONE level "did not work".
What matters is that the next level does.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

dchappy
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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby dchappy » Tue May 12, 2015 2:12 pm

Lol... Sorry MO, we will disagree on this one .The opening range and bz levels have importance . I have seen it too many times to believe otherwise . ( BTW ...I'm not giving away pips ..I'm just taking what I need :D ).
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