| StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!! | << 1 2 3 4 5 ... 105 >>Post Follow-up |
| TheRumpledOne 6,411 posts msg #67318 - Ignore TheRumpledOne |
9/16/2008 2:05:06 AM The BUY ZONE is in effect ALL DAY LONG. However, once the "stats" are put in,High - Open > $1 and Open - Low > $1, you are in uncharted waters. The idea is to take advantage of the statistics of the price action. And the MORE people that use a system the BETTER it should work... SUPPLY AND DEMAND... you just have to be quicker than the next trader, that's all. |
| TheRumpledOne 6,411 posts msg #67319 - Ignore TheRumpledOne |
9/16/2008 2:08:08 AM "TRO, later in the day, around 13:45, the short BZ was entered. Do you use the BZ then? Or just at open? One would have had to endure $2.50 in pain to get that last $1...." If you mean you would take a draw down of $2.50 then YOU ARE NOT TRADING THE BUYZONE. The worse case scenario is entering at the extreme of one zone and stopping out at the extreme of the other which is $.40!! Anything ELSE is NOT the BUY ZONE. |
| TheRumpledOne 6,411 posts msg #67330 - Ignore TheRumpledOne modified |
9/16/2008 12:30:00 PM JUST FADE THE GAP. YELLOW LINE = PREVIOUS CLOSE WHITE LINE = OPEN BLUE LINES = LONG ENTRY ZONE RED LINES = SHORT ENTRY ZONE 
A picture or two is worth THOUSANDS OF DOLLARS. Have to love the AAPL JUICE. MOO!! |
| chetron 2,817 posts msg #67331 - Ignore chetron |
9/16/2008 2:30:25 PM TRO, HAVE YOU EVER TRIED TO WRAP THE BUYZONE AROUND THE OPEN ON A 1 OR 5 MINUTE CANDLE? |
| TheRumpledOne 6,411 posts msg #67332 - Ignore TheRumpledOne |
9/16/2008 3:08:49 PM I have no idea what you are asking. Please rephrase. |
| chetron 2,817 posts msg #67333 - Ignore chetron modified |
9/16/2008 3:24:20 PM HAVE YOU EVER TRIED TO GO LONG, USING A ONE MINUTE CANDLE' S OPEN + 0.10. SCALPING. |
| TheRumpledOne 6,411 posts msg #67335 - Ignore TheRumpledOne modified |
9/16/2008 6:08:41 PM NO. I don't have the statistics for that. Don't see the need. All I need is THE BUY ZONE to MILK THE COWS. This is something that is LOST on most (new) traders.... YOU ONLY NEED ONE METHOD YOU ONLY NEED ONE STOCK. This makes trading SIMPLE. Much easier to MASTER the SIMPLE than the complex. |
| guru_trader 485 posts msg #67339 - Ignore guru_trader modified |
9/16/2008 10:15:16 PMThis comment got me thinking. Many websites of long-running, well-marketed, auto-traded services have a "Performance" page dedicated to showing off "actual trades and gains" over the last few days, months, years. I've often wondered about the accuracy of those numbers. Then, over the weekend, I read an article that reminded me that since their buy/sell recommendations can partially influence the direction of the trades that day, they can simply ride the waves in. As more people join their auto-trade service, more capital will move in the direction of their suggestions. The more people who join their service, the better the service works, for them. Unless they suggest otherwise, all they have to do is buy before their recommendation-to-buy and sell before their recommendation-to-sell. The end result is that their performance numbers may actually be legitimate. I know about "pump-n-dumps", but I never really thought about it in regard to the auto-traded services. |
| BuylateSellearly 29 posts msg #67341 - Ignore BuylateSellearly modified |
9/16/2008 11:26:07 PM Hi Avery, What tradestation study are you using to plot the 'mid' and 'previous close' on the chart? Never mind I found it.... |
| TheRumpledOne 6,411 posts msg #67358 - Ignore TheRumpledOne modified |
9/17/2008 9:33:16 AM
3 minutes after the open. See how FADING THE GAP works? |
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