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Hi, newbie here with a few questions

Posted: Thu Dec 06, 2007 11:09 pm
by pktrader
I've gone thru the site and really like everything here (there sure is a wealth on information here). I currently daytrade the ym & es and want to learn how to use the buyzone strategy. I'm not sure what inputs to use for each, or what timeframe on my charts.
Also, I was considering purchasing TRO's ebook, and was curious if anyone here has, and what they think of it. Is it worth it?
Anyway, any help would be appreciated.

Thanks.

Phil

Posted: Fri Dec 07, 2007 12:24 am
by eudamonia
Phil,

I trade the BuyZones on the emini Russell primarily. My setup for that is +11/-11 ticks, 10 tick target, 12 tick stop.

I think this would translate directly to the YM. On the ES my guess is that you would want a +5/-5 tick zone, 5 tick target and a 6 tick stop. You may need to fiddle with these numbers to get it to work best on your markets.

Edward

Posted: Fri Dec 07, 2007 12:38 am
by pktrader
Thanks Edward, that helps a lot.