DAILY WICK ZONE TRADING

[optymistic]

First you have to believe in OPM (no, we are not going to debate this!).

If you are risking $5, 10 pips, .5%, & you gain 6 pips, then you have 16 pips total.

$.50 x 16 = $8. $5 is yours & $3 is "theirs", you are risking $5 or your original .5%; we don't care about "their money", it is just "Space" to us.

If you increase your size from $.50 pips to $.80 pips then your risk-box is reduced from 16 to 10 pips.
(.5/.16 = 10 or (16/10).5 = .8
.8 x 10 = $8, your risk is the same even though your lot size is greater.[/quote]


MO thanks for your answer and clear explanation.
Will have to read it again and again until it sinks in.
If I stuck somewhere will back to you.

[TheRumpledOne]

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[TheRumpledOne]

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[TheRumpledOne]

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[Rangoban]

Hello TRO,

I wonder what would be the results if instead of the previous "Daily Wick zone" we try to trade the previous "Daily Body zone"? What would be the frequency distribution for it?
I presume the results would be similar. Those who can trade, will make money with it, those who cant, will lose with it too? Its how you say: Its not what you trade, but how you trade it.

As far as I see it, you try to give unsure traders with such a method some kind of a "mechanical system" that they can have more confidence and are ballsy enough to take the trade when its time for (prive enters the zone and leaves).

I think the most important thing is the direction of profit. If one cant do it as smartly as MO, the trader should stick to the Training wheels (W,D,H1 candle colour/something like that) and cut his losses, when they occur.

[TheRumpledOne]

Hello TRO,

I wonder what would be the results if instead of the previous "Daily Wick zone" we try to trade the previous "Daily Body zone"? What would be the frequency distribution for it?
I presume the results would be similar. Those who can trade, will make money with it, those who cant, will lose with it too? Its how you say: Its not what you trade, but how you trade it.

As far as I see it, you try to give unsure traders with such a method some kind of a "mechanical system" that they can have more confidence and are ballsy enough to take the trade when its time for (prive enters the zone and leaves).

I think the most important thing is the direction of profit. If one cant do it as smartly as MO, the trader should stick to the Training wheels (W,D,H1 candle colour/something like that) and cut his losses, when they occur.

Body Zone? Hmmmmmm......

[TheRumpledOne]

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[TheRumpledOne]

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[TheRumpledOne]

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[TheRumpledOne]

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