THE BUY ZONE - TheRumpledOne - page 22
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
I made a couple of modifications to your indicator.
1) I added price labels
2) I added a threshold input so the trade can specify how many pips above/below the range lines the trigger should be.
nice
hour opening range signals is a raw idea or it been used?
smart strategy, well done, trading FX and derivatives for 5+ years now, and the thuth is that basic/simple rules work much better! Thumbs up!
nice hour opening range signals is a raw idea or it been used?
Open range is an old method. Not sure of the originator.
TRO Buy Zone is similar.
Open range is an old method. Not sure of the originator. TRO Buy Zone is similar.
hi TRO and everybody
could please show me how to use it?..i am not sure if i have been understood it or not..
is it:i open new orders above the lines or lower than the lines?which means that i wait untill the price go out from the avarege range ?if so correct:what is your target?
thank you
hi
sorry the post been dublicated
Opening Range
I came across the Opening Range strategy in Mark Fisher's book: The Logical Trader. He called it an ACD method.
Google it for detais, but in essence:
1. One generally defines an opening range as the highest high and the lowest low of the first 15-min or 60-min of the trading day.
2. Entry levels are x-points above/below the Opening Range.
In our case, because we are looking at the hourly opening range, we take the first bar (1-min or 5-min) to establish the OR and draw entry levels 1-2 pips above/below the OR.
Attached please find a new version that woeks well on 5-min chart. Please note how the price likes to hit the Fibonacci extension 1.618 and 2.618. These would be the natural targets.
Cheers, Kris
TRO was banned without a good reason
Hi Newdigital,
I would like for TRO to be allowed to come back to this forum.
I don't think it was the right decision to ban him.
He has only helped others by posting his indicators for free.
By the way I'm Russian as well.
theRBW
Hi Newdigital,
I would like for TRO to be allowed to come back to this forum.
I don't think it was the right decision to ban him.
He has only helped others by posting his indicators for free.
By the way I'm Russian as well.
theRBWI've moved your post here.
Everybody it' s free to write what they want but start a new thread into the announcements blogs for this issue have no sense.
Btw: You're a Russian guy writing from Tucson, Arizona?
Interesting, maybe you could go to TRO house to salute him.
Opening Range Targets
I have added Opening Range Targets (see attached EUR/USD 1-min chart).
So now we have two indicators:
1. Opening_Range_Hourly for (breakout entry) - dashed lines with labels.
2. Opening_Range_HT (hourly targets) - dotted lines - give us three target levels with 5-pip (default) intervals.
Cheers, Kris