DAILY WICK ZONE TRADING

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TheRumpledOne
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Postby TheRumpledOne » Fri Apr 11, 2014 2:11 am

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

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Postby mejo » Fri Apr 11, 2014 9:49 am

Hi TRO!

What about if a candle has no wick? Would frequency distribution be useful in this case?for example, on my trading desk(alpari uk) my u/c daily candle closed without a wick. close is the top.

regards, Mejo

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Postby mejo » Fri Apr 11, 2014 10:05 am

About your auto lot size indicator...you get 1.47 with 20/13.6 as the formula says. But 1.47 lots with 13.6 pips means you are risking 200$, which is 20% no 2% of 1000$. Well if we divide risk with points instead of pips, we get the right number.

Regards, Mejo

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Postby TheRumpledOne » Fri Apr 11, 2014 3:50 pm

mejo wrote:About your auto lot size indicator...you get 1.47 with 20/13.6 as the formula says. But 1.47 lots with 13.6 pips means you are risking 200$, which is 20% no 2% of 1000$. Well if we divide risk with points instead of pips, we get the right number.

Regards, Mejo


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Depends if you are trading full lots or minilots.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TRO2014_MP_TRAINING_WHEELS / tradeplan homework

Postby kate682 » Fri Apr 11, 2014 10:40 pm

TheRumpledOne wrote:Image

Take the trade in the direction price leaving the daily wick zones.
Of course, trade with the H1 and D1 candle colors.


Tro, thank you, this indicator is so clever. I was playing around with user inputs, and put in 15,60,240. Was wondering how to identify it with a label, then i saw, you've even made the indicator adjust so it tells you what settings have been set. Just so clever!

And, reading through all these posts, my homework; I think you've given me the answer here, "Take the trade in the direction price leaving the daily wick zones. Of course, trade with the H1 and D1 candle colors." :-) I'm thinking along the lines of Green candle closes outside wick zone, (with training wheels H1, D1 set to green), go long with stop at bottom wick zone (or pip/account risk tolerance )

Tra Da.

Hugs Kate
x

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TheRumpledOne
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Postby TheRumpledOne » Mon Apr 14, 2014 1:34 am

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More additions to the code.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Thu Apr 17, 2014 12:29 am

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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.

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TheRumpledOne
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Postby TheRumpledOne » Tue Apr 22, 2014 4:44 am

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.

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TheRumpledOne
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Postby TheRumpledOne » Fri May 23, 2014 8:15 pm

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TRO DAILY WICK ZONE

According to statistics, when price enters the wick zone, price will leave the zone 3 out of 4 times.

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.

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Postby johnsund » Fri May 23, 2014 10:23 pm

Avery -

The Daily Wick Zone is without doubt the most profitable and easy-to-use trading method you have ever developed. I thought the Buy Zone and Rat Zone methods were the best there ever could be, but you have taken those to a new level. Congratulations and thank you.

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