JTrader
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SEE THE COLOR OF THE H1 CANDLE AND TRADE WITH IT, NOT AGAINST IT, AT THE LINES WITH PRICE ENDING IN 00, 25, 50 or 75
Looks like ANOTHER WINNER.
GREEN H1 CANDLE at 1.2200
IS THE IMAGE GETTING CLEARER?
WITH THESE HORIZONTAL LINE ENTRY TRIGGER LEVELS, THE POINT I HAVE BEEN MAKING OVER AND OVER AND OVER, WITH BOTH THIS 00 25 50 75, & YOUR BUYZONE TRADE ENTRY PLANS, is -
these screenshots you post often show us nothing about how big an SL would be required to keep you in the trade after the entry in order to grab some of the profit that then became available.
Some of these entries hit the 1/4 century level and immediately reversed. THESE MADE A LOSS. We can all seee these on the chart.
Other entries hit the 1/4 century level and at some point went onto make a profit, but we dont know how big an SL was required to keep us in the trade to grab that profit potential. The big H1 bar HIDES THIS VITAL information.
To a newbie, your chart looks loaded with profit potential around the 1/4 century levels as entry triggers, as was also the case with your BUYZONE horizontal lines. But the newbie does not recognise and therefore will not address the VITAL ISSUES I AM RAISING.
PRICE DOES NOT MOVE IN A LINNEAR FASHION.
EG. WHEN IT HITS 25, IT DOES NOT GO STRAIGHT TO 50. IT MAY FIRST REVERSE TO 10, OR 00 BEFORE RETURNING TO 25 AND THEN SKIPPING ALONG TO 50 IN A NON LINNEAR progression.
A 1 HOUR CHART HIDES THIS VITAL INFORMATION IN MANY (NOT ALL) OF THE CANDLES.
YOU MAY HAVE HAD TO RISK 15 (or more) PIPS TO GRAB eg. THE 7 PIPS PROFIT POTENTIAL THAT the 25 ENTRY TRIGGER LEVEL EVENTUALLY OFFERED = BAD RISK:REWARD.
What your simplified H1 screenshots encourage us to see and believe is that price immiediately went into profit from the entry level at eg 25. But with a 1-hour candle, 60 minutes is a LONG TIME, and contains LOTS of price information ticking back and forth, that remainss hiiden to us in a big 60 minute candle.
The only way this TRADE ENTRY PLAN can be evaluated is to place an M1 & M60 chart next to each other. That way you can see exactly how big an SL was required after the entry trigger, to keep you in the trade long enough to capture any upside that presented itself.
AS YOU MAY RECALL, I DID THIS WITH SEVERAL WEEKS OF CHARTS FOR YOUR HOURLY BUYZONE PLAN about 10 months ago. THE UPSHOT FOR ME WAS IS THAT THE BUYZONE HORIZONTAL LINE TRADE ENTRY PLAN WAS REALLY WEAK, OFTEN STRUGGLED TO BREAK-EVEN OVERALL, and had been basically a complete waste of my time.
As further proof, bansir demo traded TRO's buyzone for several weeks, day in day out, and reported back here with his results. He eventually wrote it off, after weeks of trying without any consistency gained. Maybe breaking even overall????
People who grasp what i am saying, will come to the appropriate conclusion.
People who do not grasp the points i have just made, perhaps should not be trading at all
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