StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!!<< 1 2 3 4 5 ... 102 >>Post Follow-up
TheRumpledOne
6,358 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
6,358 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
6,358 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

Image and video hosting by TinyPic

Image and video hosting by TinyPic

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
6,358 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
6,358 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 PM


Quote from therumpledone:
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.

This 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
6,358 posts
msg #67358
Ignore TheRumpledOne
modified
9/17/2008 9:33:16 AM

Image and video hosting by TinyPic

3 minutes after the open.

See how FADING THE GAP works?

StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!!<< 1 2 3 4 5 ... 102 >>Post Follow-up

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