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I now use open +/- 9/10 pips as the buy zone triggers instead of +/- 3/4.
This change was based on frequency distribution of daily wick size.
TRO BUY ZONE - KEEP IT SIMPLE
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TheRumpledOne
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Re: TRO BUY ZONE - KEEP IT SIMPLE
I now use open +/- 9/10 pips as the buy zone triggers instead of +/- 3/4.
This change was based on frequency distribution of daily wick size.
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
Notice how the levels are respected later in the day .
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Re: TRO BUY ZONE - KEEP IT SIMPLE
Low stress trading.....
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TheRumpledOne
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Re: TRO BUY ZONE - KEEP IT SIMPLE
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Yes, very low stress... nothing to think about or analyze...
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
And again the levels are respected ..to the pip...
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Re: TRO BUY ZONE - KEEP IT SIMPLE
dchappy wrote:And again the levels are respected ..to the pip...
Keep Pillaging Mate!!!!
doji
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
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prochargedmopar
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Re: TRO BUY ZONE - KEEP IT SIMPLE
TheRumpledOne wrote:Please keep posting your charts!
REPETITION IS THE MOTHER OF SKILL.
Repetition is the mother of all LEARNING,
BUT
It is only PERFECT practice that makes perfect.
Repetition just for the sake of it done in a faulty manner??...........Refer back to above.
Repetition is the mother of all learning (skill).
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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prochargedmopar
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Re: TRO BUY ZONE - KEEP IT SIMPLE
dchappy wrote:Low stress trading.....
Boy, this is funny.
M1 chart and the words Low Stress Trading.
Never heard those 2 things being uttered together before.
Gotta love it.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
Re: TRO BUY ZONE - KEEP IT SIMPLE
prochargedmopar wrote:dchappy wrote:Low stress trading.....
Boy, this is funny.
M1 chart and the words Low Stress Trading.
Never heard those 2 things being uttered together before.
Gotta love it.
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Re: TRO BUY ZONE - KEEP IT SIMPLE
A stop loss does not protect profit, its only job is to mitigate loss.
If you have a profit then its only job can be to make your trades less profitable because Mr SL works in the loss department
I find it amusing that people would cry about the troubles of picking THE highest high of a daily extreme and yet pick THE top by not trusting the extreme with a take profit order.
"MO, i know that the last 24 times price made an even higher high, but what if the 25th time i am waiting and price reverses"
Then you get out, then you get out
Take a lesson from TRO, use statistics to your advantage!
I tell you the truth, if you think that price is nearing the top and you are using a trend line to exit then you might as well cut your lot size in half because that is all a further push is worth to you; 1/3 to 1/2 of whatever you profit you see.
If you have a profit then its only job can be to make your trades less profitable because Mr SL works in the loss department
I find it amusing that people would cry about the troubles of picking THE highest high of a daily extreme and yet pick THE top by not trusting the extreme with a take profit order.
"MO, i know that the last 24 times price made an even higher high, but what if the 25th time i am waiting and price reverses"
Then you get out, then you get out
Take a lesson from TRO, use statistics to your advantage!
I tell you the truth, if you think that price is nearing the top and you are using a trend line to exit then you might as well cut your lot size in half because that is all a further push is worth to you; 1/3 to 1/2 of whatever you profit you see.