DAILY WICK ZONE TRADING

[TheRumpledOne]

The risk stays the same because space is affected by changes in position size: (oldSize/newSize)space.

Space can be increased, reduced, or divided and spread between pairs and periods:
if I have 4 lines on an H1 chart then I might divide my position size in half to trade 4 lines on the
H4 chart that are twice as wide. If after moving to the H4 chart I am sitting with 6 lines then I might
divide my size in half and trade the daily chart with 6 lines that are twice as wide as the H4 lines.

While your math is correct, I believe that you are overlooking a whole universe of strategy.

If I only understood the strategy.
But I don't SEE IT!
I have been trying, MO, to grasp the concept but still fail.

[TheRumpledOne]

TRO002.png (61.73 KiB) Viewed 3580 times

[TheRumpledOne]

The risk stays the same because space is affected by changes in position size: (oldSize/newSize)space.

Space can be increased, reduced, or divided and spread between pairs and periods:
if I have 4 lines on an H1 chart then I might divide my position size in half to trade 4 lines on the
H4 chart that are twice as wide. If after moving to the H4 chart I am sitting with 6 lines then I might
divide my size in half and trade the daily chart with 6 lines that are twice as wide as the H4 lines.

While your math is correct, I believe that you are overlooking a whole universe of strategy.

Mmmm.. so i'm risking the same and making the same over any chart (period and pair)..
In other words making one line on EURUSD 5m-1h is the same (in % of my account) of making one line on GBPUSD D1!

10 pips is 10 pips.
Does not matter what the chart period is.

If gaining 10 pips with a position size of 10 lots means a 1% increase in my account, then it does not matter what chart period I am viewing.
If I exit with a 10 pip profit then I make 1% gain.
I don't even have to be looking at or using charts.

[TheRumpledOne]

MO, I am speaking clearly in English.

Your posts trigger more questions than answers, when I read them.

Can you write your method on a 3x5 card? If not, too complex! Distill it down to its essence. Should be simple, step by step. If x then y else z. Like coding an indicator.

Just because you can see it doesn't mean I can. Help me to see what you see.

Thanks.

[aliassmith]

MO, I am speaking clearly in English.

Your posts trigger more questions than answers, when I read them.

Can you write your method on a 3x5 card? If not, too complex! Distill it down to its essence. Should be simple, step by step. If x then y else z. Like coding an indicator.

Just because you can see it doesn't mean I can. Help me to see what you see.

Thanks.

LOL..... You called it a method and want it simple.... You don't know MO at all.

MOs idea is to create a visual representation of all pairs and timeframes being equal weight. 10 pips isn't 10 pips across all pairs if you consider volatility of each pair and setups on different timeframes.

I feel that he explained it well and there is no exact if x happens then do y.

Probably difficult to make an algo for it.

[TheRumpledOne]

We can switch back to your thread.

[TheRumpledOne]

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Price does not like to stay inside the wick zone!

[TheRumpledOne]

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Price doesn't like to stay inside the weekly wick zone either!!

[TheRumpledOne]

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[TheRumpledOne]

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