A 3rd downward move from the middle & passed through the lower BZ without consideration.
TRO BUY ZONE - KEEP IT SIMPLE
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- TheRumpledOne
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Re: TRO BUY ZONE - KEEP IT SIMPLE
HAPPY NFP DAY!
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 do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
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Re: TRO BUY ZONE - KEEP IT SIMPLE
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 do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
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Re: TRO BUY ZONE - KEEP IT SIMPLE
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 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
So many ways to make money...
Re: TRO BUY ZONE - KEEP IT SIMPLE
The average H1 range is 2.6178 lines.
The larger charts are projections based on H1 price movement but you are usually good for 2+ lines from the trigger on those charts as well.
What is the trigger? It is always a price from which you see buying/selling, usually and area of multiple closing prices.
The larger charts are projections based on H1 price movement but you are usually good for 2+ lines from the trigger on those charts as well.
What is the trigger? It is always a price from which you see buying/selling, usually and area of multiple closing prices.
- TheRumpledOne
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Re: TRO BUY ZONE - KEEP IT SIMPLE
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 do NOT PM me with trading or coding questions, post them in a thread.
Re: TRO BUY ZONE - KEEP IT SIMPLE
I'm reviving this old thread. I'm giving this one a go (I expect to fail a lot at first )
Following TRO's advice, I'll be trying to learn and become consistent at following the method and grabbing 3-5 pips, at least, that's the current goal.
I'm trading the USDCAD, the first 3 hours of the NY Session.
"The STOP in the BUYZONE is a natural stop. If you go long and price triggers a short, then exit and go short."
"...you can use the London, New York and Sydney open prices."
So, I'm drawing the buy zone at the start of the NY Session, with the long and short entries 10 pips above and below the session open, respectively. Stop loss is at the other end of the zone, where I'll exit the trade and open another one in the opposite direction (not revenge trading, just opening trades as price leaves the zone).
---
Absolute and total beginner here, but some thoughts and things I noticed today:
- There wasn't too much movement outside of this particular buy zone at my trading session (3 hours). Price stayed for the most part within these 20 pips.
- It seemed like I was trying to "fight" against the range of the 1 hour bar range. At least, the hourly bars in those 3~ hours that I traded in had an average of 23 pips while my zone was 20 pips (and it seemed to be that way in previous bars as well, maybe even less).
- After my trading session ended, out of curiosity, I saw other charts, and pairs that had a bigger hourly range had "bigger" breakouts to maybe profit from.
- Maybe the width of the buy zone depends on the range of the hourly bars? Is the problem that price is stalling within that zone and I wasn't able to identify that early enough? Or is it that my buy zone is too big for this particular pair?
Again, these were my impressions trading today. If I'm talking nonsense, let me know haha!
Thanks!
Following TRO's advice, I'll be trying to learn and become consistent at following the method and grabbing 3-5 pips, at least, that's the current goal.
I'm trading the USDCAD, the first 3 hours of the NY Session.
"The STOP in the BUYZONE is a natural stop. If you go long and price triggers a short, then exit and go short."
"...you can use the London, New York and Sydney open prices."
So, I'm drawing the buy zone at the start of the NY Session, with the long and short entries 10 pips above and below the session open, respectively. Stop loss is at the other end of the zone, where I'll exit the trade and open another one in the opposite direction (not revenge trading, just opening trades as price leaves the zone).
---
Absolute and total beginner here, but some thoughts and things I noticed today:
- There wasn't too much movement outside of this particular buy zone at my trading session (3 hours). Price stayed for the most part within these 20 pips.
- It seemed like I was trying to "fight" against the range of the 1 hour bar range. At least, the hourly bars in those 3~ hours that I traded in had an average of 23 pips while my zone was 20 pips (and it seemed to be that way in previous bars as well, maybe even less).
- After my trading session ended, out of curiosity, I saw other charts, and pairs that had a bigger hourly range had "bigger" breakouts to maybe profit from.
- Maybe the width of the buy zone depends on the range of the hourly bars? Is the problem that price is stalling within that zone and I wasn't able to identify that early enough? Or is it that my buy zone is too big for this particular pair?
Again, these were my impressions trading today. If I'm talking nonsense, let me know haha!
Thanks!
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- TheRumpledOne
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Re: TRO BUY ZONE - KEEP IT SIMPLE
Study the WICK ZONE. Wick Zones of H1 candles give you a clue which way price is moving when it enters/exits the H1 wick zone!
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 do NOT PM me with trading or coding questions, post them in a thread.
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Thank you for your support.
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