DAILY WICK ZONE TRADING

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optymistic
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Re: DAILY WICK ZONE TRADING

Postby optymistic » Thu Mar 03, 2016 10:09 am

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/.8)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.

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TheRumpledOne
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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Thu Mar 03, 2016 5:06 pm

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Fri Mar 04, 2016 5:44 pm

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Mon Mar 14, 2016 4:58 pm

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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Re: DAILY WICK ZONE TRADING

Postby Rangoban » Wed Mar 16, 2016 10:11 am

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.

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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Wed Mar 16, 2016 4:11 pm

Rangoban wrote: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......
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Wed Mar 16, 2016 4:11 pm

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Thu Mar 17, 2016 5:14 pm

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Fri Mar 18, 2016 4:45 pm

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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TheRumpledOne
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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Mon Mar 21, 2016 4:29 pm

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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