TRO BUY ZONE - KEEP IT SIMPLE

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brwkem
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Postby brwkem » Mon Mar 26, 2007 5:23 pm

Anyone converted the buy zone code to neoticker?

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BP
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Postby BP » Tue Mar 27, 2007 7:32 pm

People,

I do not have tradestation or esignals. I have MT4. This looks like an interesting strategy, but I do not see the rules or description of the strategy. Can someone outline it for me, explaining it in plain english? Especially since I will need to create the indicators from scratch?

Much appreciated.

BP

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TheRumpledOne
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Postby TheRumpledOne » Wed Mar 28, 2007 12:23 am

Hey BP:

It's simple... for AAPL, you plot one horizontal line .10 above the open and another .20 above the open... that is the LONG ZONE.

Then you plot one horizontal line .10 below the open and another .20 below the open... that is the SHORT ZONE.

Trading rules are simple.

1) You go long when the chart price candle is GREEN and is in the LONG ZONE and the 60 minute candle is GREEN

2) You go short when the chart price candle RED and is in the SHORT ZONE and the 60 minute candle is RED.

I use this on a 1 minute chart the first 15 minutes after the open and then switch to a 5 minute chart.

Rule of thumb while trading... NEVER GO SHORT ABOVE THE OPEN OR LONG BELOW THE OPEN. If you stick to the zones, this is not a problem.

But traders are tempted to trade outside the zones.

Stop loss - If the price crosses the open against you, it's time to give it up!

The most you should lose is a dime.

This method on a bad day, wins about 60% of the time. Once you get the hang of it, you'll be in the 80% or higher range.. that's right, 4 out of 5 winning trades.

Apply the money management matrix to this and you'll see you can rake it in!!

Yes, this works for other stocks, too. I posted my herd of cows - the top 20 stocks to trade. But, if all you trade is 1000 shares of AAPL each trade you should clear $400 or more in 30 - 60 minutes everyday. By focusing all of you attention on ONE STOCK, you should never miss a trade. But the minute you take your eye off AAPL, it'll be the time it pops and you would have missed it!

Anyone for AAPL juice?
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.

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Postby BP » Wed Mar 28, 2007 12:49 am

Thanks a million...I mean trillion. Lol....TRO...now I will digest this and see if I have any other questions.

BP

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Postby TheRumpledOne » Wed Mar 28, 2007 1:00 am

Actually, when you think about it, the BuyZone is part of $TRILLION in a way since they both use the open/close ... could help you decide to when to enter the $TRILLION trade.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Wed Mar 28, 2007 1:14 am




ELD and Workspace attached.
Attachments
TRO_BUYZONERADAR.ELD
(8.37 KiB) Downloaded 266 times
TRO_BUYZONE_MultiFreqRadar.tsw
(32 KiB) Downloaded 243 times
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.

BP
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Postby BP » Wed Mar 28, 2007 2:22 am

TheRumpledOne wrote:Actually, when you think about it, the BuyZone is part of $TRILLION in a way since they both use the open/close ... could help you decide to when to enter the $TRILLION trade.


Could you use this for Forex? Would you change or modify anything said above if trading this for Forex?

BP

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Postby TheRumpledOne » Wed Mar 28, 2007 2:26 am

I use the "BuyZone" for all my trades.




For Forex the Long/Short Zones are +/- .0003/.0004 or .03/.04 depending on the number of decimals places.
Last edited by TheRumpledOne on Wed Mar 28, 2007 2:34 am, edited 1 time in total.
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.

BP
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Postby BP » Wed Mar 28, 2007 2:31 am

Dolar_Smile

You are the man. Thanks.

Time for me to sleep...gonna trade some news in the AM.

BP

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Postby scalperT » Sat May 26, 2007 11:25 pm

I am sitting here ( on a scorching hot Pennsylvania evening ) reading through old threads. Listen to Avery! He is 100% right in every respect.

I have been trading GOOG with impunity every day. Milking it for at least $1.00 on 200 shares. Did it again on Friday, then switched over to AAPL, and milked it for .12 cents, .10 cents, .30 cents, and another .10 cents.

Could have been much more, but I guess I still don't have my mind right and take profits in even numbers-----LOL. I need work on this!

Then I saw GOOG exploding, Hey Cramer recommened it the night before----said it should be valued at $900.00.

I am on fire!!!; I can do NO wrong. Who needs the buy zone? I chase it .11 cents from the top. I am way to smart---not wrong---don't take the fast stop. No, not me!

I lose a fast $289.00, before I come to my senses.

Yea, listen to TRO please--- about sticking to the buy zone!

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