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Buy Zone for Dummies Question

Posted: Thu Oct 08, 2009 12:00 am
by glenngie
I loaded the indicator. I noticed the entry spread was only 7 pips. The price bounced to SHORT then bounced to LONG. It did go long for awhile and then went back short (which from my charts I thought it might go short).

Is GBP/JPY to volatile for this indicator? your thoughts welcome!

Posted: Thu Oct 08, 2009 12:04 am
by Patch
glenngie

Please post a chart with some marks and text so we can see what you are looking at.

Thanks

Patch
In VA

Buy Zone Chart

Posted: Thu Oct 08, 2009 12:10 am
by glenngie

Posted: Thu Oct 08, 2009 1:48 am
by Patch
glenngie

It would be interesting to run the wick stats on this for the M30 and M15 and M5 to see the distribution, esp on the M30 to see how they relate to the entry. One thing this doesn't tell us is what the open price is that I see.

Here are the profit and loss numbers based on the target:

Long Short spread
entry 141.36 141.29 0.07
traget 141.46 141.18
stop loss 140.86 141.78
profit 0.10 0.11
loss -0.50 -0.49

Can you run the wicks/tails on this chart and post the chart?

Patch
In VA

Posted: Thu Oct 08, 2009 3:09 am
by glenngie
Well..I've been playing with dozens of my new indicators from TRO, so my chart doesn't look anything like it did? I can tell patch likes wicks :)