TRO BUY ZONE - KEEP IT SIMPLE

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TheRumpledOne
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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby TheRumpledOne » Tue Jul 07, 2015 2:12 pm

nzdusdh1.png
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby TheRumpledOne » Wed Jul 08, 2015 2:22 pm

nzdusdh1.png
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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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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby dchappy » Wed Jul 08, 2015 9:09 pm

OK, I bid adou and my box fills up with PM,s..Lol..That just tells me that traders are interested in the bz , but are still skeptical .But that is OK .It takes time to accept simple concepts .( how long has TRO been posting those bz charts ..10 yrs ?. ). Any way to answer some questions , this is how I trade the bz . I set a line @ the open of the NY pit session on a 1 min chart . The bz lines are + and - 5 pips from there .When price crosses a bz line ,I enter ,you can put a stop @ the opposite line or even @ the open line if you wish .Personally I am not using stops , but exiting with market orders at those points . At +5 profit ,my stop is @ be .This is important because I must keep loses small . ......I exit when price stalls or hits a trend line ... ........
" But Chappy ...aren't you taking a lot of break even and losing trades ?. " Some days ..Yes..but So What ? . When price eventually moves they will all be erased . I hope this answers most questions ,,,again this is how I trade it ..Avery trades it a bit differently . ......practice and see how it works for you ..
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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby haszar » Wed Jul 08, 2015 10:32 pm

Thank you Chappy for for explaining the way you trade the BZ.

When you say "Open of NY Pit Session", is that 9:30 AM Eastern Time Zone?

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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby dchappy » Wed Jul 08, 2015 11:02 pm

Yes, but you can trade any open that is convenient for you ..Avery likes the Sidney open I believe .

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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby Apu N. » Thu Jul 09, 2015 12:20 am

TheRumpledOne wrote:
nzdusdh1.png


Hello TRO

I was wondering what are the blue and pink dots on your charts??

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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby TheRumpledOne » Thu Jul 09, 2015 1:07 pm

Apu N. wrote:
TheRumpledOne wrote:
nzdusdh1.png


Hello TRO

I was wondering what are the blue and pink dots on your charts??


Blue is the candle's midpoint ( H - L ) / 2

Pink is the previous candle's midpoint.

I use those for trading bias - long above previous midpoint, short below.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby TheRumpledOne » Thu Jul 09, 2015 1:08 pm

nzdusdh1.png
nzdusdh1.png (37.83 KiB) Viewed 262 times


After entering a trade, I use the midpoint bias to signal an exit if I have 10 or more pips in profit. I would also exit at the midpoint if trading is slow, choppy, whippy, etc...

See how the midpoint would save your bacon in the above chart.
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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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby TheRumpledOne » Thu Jul 09, 2015 1:17 pm

gbpusdm5.png
gbpusdm5.png (39.63 KiB) Viewed 272 times


Remember, I discussed the previous candle's midpoint years ago.

You can use it on any chart period.

gbpusddaily.png
gbpusddaily.png (45.02 KiB) Viewed 272 times


The original trade was the previous day's midpoint.

This year, I noticed how strong the previous week's midpoint can be!!

gbpusdweekly.png
gbpusdweekly.png (40.92 KiB) Viewed 272 times


Notice what happened the past two weeks in the above chart.
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.

User avatar
TheRumpledOne
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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby TheRumpledOne » Thu Jul 09, 2015 1:20 pm

dchappy wrote:OK, I bid adou and my box fills up with PM,s..Lol..That just tells me that traders are interested in the bz , but are still skeptical .But that is OK .It takes time to accept simple concepts .( how long has TRO been posting those bz charts ..10 yrs ?. ). Any way to answer some questions , this is how I trade the bz . I set a line @ the open of the NY pit session on a 1 min chart . The bz lines are + and - 5 pips from there .When price crosses a bz line ,I enter ,you can put a stop @ the opposite line or even @ the open line if you wish .Personally I am not using stops , but exiting with market orders at those points . At +5 profit ,my stop is @ be .This is important because I must keep loses small . ......I exit when price stalls or hits a trend line ... ........
" But Chappy ...aren't you taking a lot of break even and losing trades ?. " Some days ..Yes..but So What ? . When price eventually moves they will all be erased . I hope this answers most questions ,,,again this is how I trade it ..Avery trades it a bit differently . ......practice and see how it works for you ..


Enjoy your time off, dchappy!!

And the rest of you....

PLEASE POST YOUR QUESTIONS IN THE THREAD...

DON'T BE AFRAID!!


The question you ask may help a few other traders.
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 add www.kreslik.com to your ad blocker white list.
Thank you for your support.


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