TheRumpledOne wrote:TRO_002.png
I got 7 pips~ out of that long just now, got out when I saw it move back 2~ pips very fast at +9 (these M1 candles move erratically fast these days), but profit is profit
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TheRumpledOne wrote:TRO_002.png








BambinoFlex wrote:Some frequency distributions I ran. I wanted to find out what the average wick size was on a bearish day and a bullish day. Once price breaks past that average size, its most likely price will continue in that direction. Trading with the day and the hour at all times. Traded this last week, making up 5:1 RR. Ain't nothing but a thing

TheRumpledOne wrote:BambinoFlex wrote:Some frequency distributions I ran. I wanted to find out what the average wick size was on a bearish day and a bullish day. Once price breaks past that average size, its most likely price will continue in that direction. Trading with the day and the hour at all times. Traded this last week, making up 5:1 RR. Ain't nothing but a thing
Better to use HIGH - TOP and BOTTOM - LOW for wick sizes.