DAILY WICK ZONE TRADING

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TheRumpledOne
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DAILY WICK ZONE TRADING

Postby TheRumpledOne » Tue Apr 01, 2014 4:14 pm

DAILY WICK ZONE TRADING

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If price goes into the previous day's high-candle top or previous day's bottom-low zone, it usually LEAVES THE ZONE.

I had this idea and wrote a frequency distribution indicator. You can see this happened over 70% of the time!

All you have to do is trade in the direction of the zone exit..

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

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Postby TheRumpledOne » Wed Apr 02, 2014 1:32 am



31 pip breakout so far from the upper wick zone.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Thu Apr 03, 2014 10:41 pm

Last edited by TheRumpledOne on Thu Apr 10, 2014 9:31 pm, edited 2 times in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Mon Apr 07, 2014 12:48 pm

Image

Take the trade in the direction price leaving the daily wick zones.

Of course, trade with the H1 and D1 candle colors.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Tue Apr 08, 2014 3:55 pm

Image

Take the trade in the direction price leaving the daily wick zones.

Of course, trade with the H1 and D1 candle colors.
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.

Please add www.kreslik.com to your ad blocker white list.
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Postby TheRumpledOne » Tue Apr 08, 2014 8:15 pm

TRADING IS SIMPLE WHEN YOU USE HORIZONTAL LINES...

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TRO DAILY WICK TRADE 002
Last edited by TheRumpledOne on Thu Apr 10, 2014 9:32 pm, edited 1 time in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby mejo » Wed Apr 09, 2014 10:11 am

Hi TRO!

I really like your statistics and your style. The only thing that i didn't find on your youtube videos or on this forum is your view of risk:reward. The only video about reward is in "All you need to know about trading" video. You say that controlling risk is skill and controlling reward is luck. I often have a feeling that you take less than 1 for 1 risk. How do you put your statistics into play here if you have let's say 66% . You win 2 trades out of 3. But, how can you say you have a 66% rate if you have trades that didn't reach the target and you went out with less than 1:1?

Regards, Mejo

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Postby TheRumpledOne » Thu Apr 10, 2014 4:32 am

POSITION SIZE = RISK / STOP LOSS.


Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)

You cannot control the probabilities of wining or losing.

You cannot control your average win size.

The only part of the equation that you can control is your average loss size.


Does that answer your question?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby mejo » Thu Apr 10, 2014 11:19 am

Thank you very much for an answer...helped very much...thanks again

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Postby TheRumpledOne » Thu Apr 10, 2014 8:45 pm

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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


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