What is your email address Tro?..(jk ok to laugh). I thoroughly enjoyed this video. You're right it is an auction so now every time I look at a chart I'll be hearing your voice 56 57 ..58.. come folks.. going once going twice. One way to rush into a trade !!
Anywho, I have been curious about the gapfill trades. The spread on the pairs on sunday afternoon is insane after the market opens and gaps, how do you handle this?
What is your email address Tro?..(jk ok to laugh). I thoroughly enjoyed this video. You're right it is an auction so now every time I look at a chart I'll be hearing your voice 56 57 ..58.. come folks.. going once going twice. One way to rush into a trade !!
Anywho, I have been curious about the gapfill trades. The spread on the pairs on sunday afternoon is insane after the market opens and gaps, how do you handle this?
Trade the K-Gap on DAX every day (near enough) instead.
Jhx wrote:Hey TRO, I've been following these last series you've been doing for the Rat Zone, Buy Zone and Wick Zone (the one method per week). Is there any chance that you'll do a weekly one for the Einstein method as well? I've always been curious about that one and how you came up with it.
Thank in advance and hope all is well!
Einstein is a variation of the Buy Zone.
When you open the chart price is at a location. When price moves, it moves up or down from that location... it is "relative" to when you opened the chart. That's why I called it EINSTEIN, as in relativity. I set the lines about 1x to 2x the spread.
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.
Leoheart wrote: Anywho, I have been curious about the gapfill trades. The spread on the pairs on sunday afternoon is insane after the market opens and gaps, how do you handle this?
Sometimes, I jump in. Sometimes, I wait for spread to normalize. Sometimes, I just pass on the trade. Depends on where price is in the big scheme of things.
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.
Leoheart wrote: Anywho, I have been curious about the gapfill trades. The spread on the pairs on sunday afternoon is insane after the market opens and gaps, how do you handle this?
Sometimes, I jump in. Sometimes, I wait for spread to normalize. Sometimes, I just pass on the trade. Depends on where price is in the big scheme of things.
I see bud, Thanks. Tro in your 100 + years of trading (jk ok to laugh) Have you ever used or do you see any value in "Training wheels" bias with h1d1w1 in other markets besides FX?
Leoheart wrote: Anywho, I have been curious about the gapfill trades. The spread on the pairs on sunday afternoon is insane after the market opens and gaps, how do you handle this?
Sometimes, I jump in. Sometimes, I wait for spread to normalize. Sometimes, I just pass on the trade. Depends on where price is in the big scheme of things.
I see bud, Thanks. Tro in your 100 + years of trading (jk ok to laugh) Have you ever used or do you see any value in "Training wheels" bias with h1d1w1 in other markets besides FX?
Yes, when I traded stocks. You can apply it to any markets. Just confirm with statistics.
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.
Jhx wrote:Hey TRO, I've been following these last series you've been doing for the Rat Zone, Buy Zone and Wick Zone (the one method per week). Is there any chance that you'll do a weekly one for the Einstein method as well? I've always been curious about that one and how you came up with it.
Thank in advance and hope all is well!
Einstein is a variation of the Buy Zone.
When you open the chart price is at a location. When price moves, it moves up or down from that location... it is "relative" to when you opened the chart. That's why I called it EINSTEIN, as in relativity. I set the lines about 1x to 2x the spread.
Oh, I see. With the lines being 1x / 2x spread away from the starting price, looking at the M1 chart might be useful; aim to grab a few pips and that's it. It's like a "faster" buyzone.
Quick question: Do you use any other stats when using your Einstein lines for exits or do you just look at the chart (for example looking at the wick zones from the other candles in the M1 chart)?
I've always liked lower timeframes but was always unsure how to approach them, and the Einstein lines might be able to help out.