TRO BUY ZONE - KEEP IT SIMPLE

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vittorio
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Postby vittorio » Fri Jul 13, 2007 7:17 am

Yes, I understand, but I turned off 'Update value intrabar' and still no lines.


Try Iopen = open .

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Ken_S
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Postby Ken_S » Fri Jul 13, 2007 1:46 pm

Thanks Vittorio,
I tried your suggestion, but still just the text appears, no lines. Although I did loose the blank subgraph at the bottom.

vittorio
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Postby vittorio » Fri Jul 13, 2007 3:15 pm

Ken_S wrote:Thanks Vittorio,
I tried your suggestion, but still just the text appears, no lines. Although I did loose the blank subgraph at the bottom.


Maybe that you have not the last version of code ?

I have download this version:
http://kreslik.com/forums/portal.php?topic_id=560
and works.

Ken_S
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Postby Ken_S » Fri Jul 13, 2007 3:30 pm

PRESTO!!! I needed the new code. I think I was using the one for Radarscreen. Thanks Vittorio!!

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Postby C-Trader » Fri Sep 21, 2007 8:39 pm

BuyZone/TradeStation question: Anyone know how to place a OCO order in TS based off the open price. The first minute of the trading session moves so fast and goes in and out of the buyzone just as fast, it would be nice to put in an order .10 above open and .10 below open with say a .10 stoploss and a .15 target if its possible to do on the open. Any help?

Thanks

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TheRumpledOne
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Postby TheRumpledOne » Sat Sep 22, 2007 8:07 pm

If you do that, you take a chance of having your stop hit when a spike occurs.

IMHO, better to have your target exit order entered, stop out manually and cancel your exit.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby Ken_S » Mon Oct 29, 2007 2:33 am

TRO,
I've been manually trading the buy zone on AAPL. I have seen some days historically where the price enters the buyzone but doesn't reach the .10 profit target only to reverse and go down (or up) the rest of the day. This gives a big lose and potentially wipes out a few weeks of milking .10/day. How do you reduce the chance of this happening, or how do you limit your loses?
THanks
Ken

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Postby TheRumpledOne » Mon Oct 29, 2007 5:40 am

Ken:

If the price enters the SHORT ZONE from above, it's time to GO SHORT!

The idea is to be with the trade as it leaves the zone so you can get the most "milk".

If you are LONG and the price reverses down past the OPEN and through the SHORT ZONE, and you are still LONG, then perhaps you may want to reconsider trading....LOL!!

All kidding aside, please post a 1 minute chart showing what you are talking about.

When you are scalping, "IF IT STALLS, IT FALLS", TAKE YOUR PROFIT QUICK AND DON'T BE GREEDY.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby Ken_S » Mon Oct 29, 2007 5:09 pm

Avery,
Here is a chart of AAPL on 7/5. It doesn't happen often with AApl, but sometimes you get a big Gap and Run. It closed up $4.00 for the day, so it would have lost 40x the .10/day target. I know, so make the retrace .12
right. It happens with Rimm more often. Probably need to filter out the days with significant news.

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Postby TheRumpledOne » Mon Oct 29, 2007 8:07 pm

This is the reason you use THE BUY ZONE...

You would have been on the profitable side of the trade had you gone LONG in the LONG ZONE!!
Last edited by TheRumpledOne on Mon Oct 29, 2007 8:56 pm, edited 1 time in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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