DAILY WICK ZONE TRADING

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BambinoFlex
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Re: DAILY WICK ZONE TRADING

Postby BambinoFlex » Fri Dec 08, 2023 5:31 am

kernowm9 wrote:
TheRumpledOne wrote:
MajorPips wrote:Hello my trading brothers in arms!
I am new to FX trading and watched a lot of TRO's videos and I started to understand the method.
I'd like to try out trading with TRO2014 HTBL ZONE indicator. How can I get it?
Thanks!


It is a 2014 Donational indicator. However, I uploaded the TRO_HL5_WICK_ZONES template in the Motherlodes section last night. You can use TRO_HL5 to display the wick zones.



Good evening

I have been wick zone trading for a few weeks now successfully. It's only for effect, but I really want to shade the wick zones and I use the HL5 indicator, but I cannot seem to get it to work. Can someone please talk me though how I shade the wickzones, or show me where the TPL file mentioned in the post above is found?Thanks in advance



Hi, Try these settings
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"If you're wrong, guess what...thats TRADING"

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BambinoFlex
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Re: DAILY WICK ZONE TRADING

Postby BambinoFlex » Fri Dec 08, 2023 5:33 am

It should look like this
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kernowm9
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Re: DAILY WICK ZONE TRADING

Postby kernowm9 » Fri Dec 08, 2023 9:22 am

BambinoFlex wrote:It should look like this


Thanks BambinoFlex, worked a treat =D>

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Re: DAILY WICK ZONE TRADING

Postby mmm » Wed Dec 11, 2024 4:41 pm

Hi TRO,

Thanks for sharing your findings and trading strategies.

The Daily Wick strategy entry looks straight forward -- if you take trade only in line the current daily and weekly direction, you're almost always entering on a breakout of the prior day's high or low.

I've watched your Exit Plan video, and have an exit plan where after 5 points of profits are achieved, the SL is moved to entry + 0.5 pips (per one of your comments in this thread), and after 10 or more pips of profits are achieved, I'm trailing my stop at the 40% retracement level.

I've started trading this strategy with my exit plan this week -- so far am in the negative, as a few full sized stop losses wiped out the small gains, but it's still early days and perhaps I will catch a few big winers to even things out.

Can you point me to your other threads or videos that discuss how to manage a trade after entry, both winners and losers?

Thanks!

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TheRumpledOne
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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Fri Dec 13, 2024 4:32 pm

The EXIT PLAY BOOK is the one to use.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Re: DAILY WICK ZONE TRADING

Postby mmm » Sat Dec 14, 2024 1:42 am

You mean this one?

https://youtu.be/3eGo6zmPezw?feature=shared

Yes, I’ve watched it, good stuff.

Are there any other threads or videos about exiting a trade?

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