TRO BUY ZONE - KEEP IT SIMPLE

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aliassmith
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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby aliassmith » Thu Jul 09, 2015 1:48 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 ..


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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby TheRumpledOne » Fri Jul 10, 2015 1:55 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 » Mon Jul 13, 2015 1:22 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 Apu N. » Mon Jul 13, 2015 8:53 pm

:smt023
TheRumpledOne wrote:
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.



Thanks for the explanation :smt023

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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby TheRumpledOne » Tue Jul 14, 2015 1:50 pm

NZDUSDM30.png
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Bar 2 - above opens above pink dot... trade long in the buy zone.

Bar 10 - crosses below pink dot... trade short in the short zone.

See how it works?
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 15, 2015 1:23 pm

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

Postby prochargedmopar » Wed Jul 15, 2015 4:19 pm

I do not see how it is possible to trade this and be profitable.

Are those buys?
Are those sells?

After getting smoked on the buys how could one know to hold the sells?
Was the Weekly candle actually red when price was above the buy lines....appears NU had mostly been sideways this week.
Was the indy flickering?

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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby Goonslinger » Wed Jul 15, 2015 6:40 pm

TheRumpledOne wrote:
NZDUSDM30.png


Bar 2 - above opens above pink dot... trade long in the buy zone.

Bar 10 - crosses below pink dot... trade short in the short zone.

See how it works?


Based on those instructions: (Assuming you go short at the 8 pip trigger and use a SL at the open)

You would have gone short on bar 13 and got stopped out. -8

Can't tell for bar 11 but I believe you would have gone long there and assuming you didn't move stop to BE when you were at +5 you would have been stopped out. -8

Go short bar 8 and again get stopped out. -8

Go short bar 6 and profit. Maybe even re short when price enters short trigger for that sweet sweet moh-knee.
"So let it be written; so let it be done."

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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby TheRumpledOne » Wed Jul 15, 2015 9:06 pm

That may be true... HOWEVER... if you don't trade against the WEEKLY CANDLE COLOR... then the only trades would have been shorts.

Using RULES OF THUMB and/or biases eliminates many trades - mostly losers.

nzdusdh1.png
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The weekly open (white line) stays put all week. There is no "flickering" of the candle color indicator multi meter unless price is crossing the open line.
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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby Goonslinger » Thu Jul 16, 2015 7:21 am

Didn't notice that!

Do you use the weekly crash zone as a target?
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