TRO BUY ZONE - KEEP IT SIMPLE

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MightyOne
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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby MightyOne » Wed Jun 21, 2017 6:00 pm

The average hourly range for NZDUSD is only 10 pips so it doesn't require the same size zone as say the GBPJPY
(the zone on the chart is two lines of 3.9 for a total width of 7.8 pips)

SELL when the BID touches the low trigger, EXIT when the BID touches the middle line or if the bid touches the red line.
BUY when the ASK touches the high trigger. EXIT when the ASK touches the middle line or if the ASK touches the red line.
That is why the indicator tracks the ASK or the BID.

A larger zone is a larger chart because greater distances have greater time expectations for larger ranges to be filled.

NZDUSDH1.png
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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby MightyOne » Wed Jun 21, 2017 6:55 pm

Patterns and breakouts, that is all a chart really is.

NZDUSDH1.png
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Notice the repeating pattern in the breakouts:
Do you see how it puts on the breaks before tagging the pattern?

You'll get people who say things like "the indicator said this, I did it, and I lost"
No sht Sherlock, the indicator has almost nothing to do with making money:
it is the trader who sees
it is the trader who plans
it is the trader who acts
it is the trader who takes profit:
Hammers don't build houses.

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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby MightyOne » Wed Jun 21, 2017 8:55 pm

What do you SEE?
Match closing prices & think about the origin of the move and where price returned to.

Open_Your_Eyes_to_SEE.png
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At the top (lower picture) you <--- look left and see a series of closing prices from which price quickly fell.
At the bottom you see a price level form prior to a rise.
In the middle you see price moving away from 'something', it smashes through it during the rise, and then returns to the 'something'.

GBPJPYH1.png
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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby MightyOne » Thu Jun 22, 2017 1:12 am

...and now a word from our sponsor:


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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby MightyOne » Mon Jun 26, 2017 5:34 pm

I have fixed a lot of bugs, added many kewl features, and more is in the works.


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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby TheRumpledOne » Tue Jun 27, 2017 3:03 pm

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby TheRumpledOne » Wed Jun 28, 2017 3:41 pm

NZDUSDH1.png
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby TheRumpledOne » Thu Jun 29, 2017 5:24 pm

NZDUSDH1.png
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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.

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TheRumpledOne
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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby TheRumpledOne » Fri Jun 30, 2017 4:41 pm

NZDUSDH1.png
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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.

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Re: TRO BUY ZONE - KEEP IT SIMPLE

Postby MightyOne » Sun Jul 02, 2017 11:48 pm

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