DAILY WICK ZONE TRADING

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TheRumpledOne
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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Thu Aug 13, 2015 1:12 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 Aug 14, 2015 1:19 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 » Tue Aug 25, 2015 4:16 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 MightyOne » Thu Aug 27, 2015 3:01 am

I didn't trade it, but it was a pretty epic move :shock:

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Re: DAILY WICK ZONE TRADING

Postby optymistic » Fri Aug 28, 2015 12:45 pm

Hi TRO
Have some questions...
1. If you closed trade in the hour (profit or loss), do you enter again in the same hour or you wait for another one?
2. If you closed a trade with a profit do you enter again if there is an opportunity?

Thanks for your answer.

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TheRumpledOne
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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Fri Aug 28, 2015 1:17 pm

optymistic wrote:Hi TRO
Have some questions...
1. If you closed trade in the hour (profit or loss), do you enter again in the same hour or you wait for another one?
2. If you closed a trade with a profit do you enter again if there is an opportunity?

Thanks for your answer.



That opportunity usually doesn't happen often. But the real question is would YOU enter when there is an opportunity?
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 » Fri Aug 28, 2015 1:37 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.

optymistic
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Re: DAILY WICK ZONE TRADING

Postby optymistic » Fri Aug 28, 2015 1:52 pm

TheRumpledOne wrote:
optymistic wrote:Hi TRO
Have some questions...
1. If you closed trade in the hour (profit or loss), do you enter again in the same hour or you wait for another one?
2. If you closed a trade with a profit do you enter again if there is an opportunity?

Thanks for your answer.



That opportunity usually doesn't happen often. But the real question is would YOU enter when there is an opportunity?


Most of the time I enter the trade again.
Sometimes I have profit sometimes a loss.
I think if there is an entry point I should enter without any fear...

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Re: DAILY WICK ZONE TRADING

Postby MightyOne » Fri Aug 28, 2015 4:04 pm

optymistic wrote:Hi TRO
Have some questions...
1. If you closed trade in the hour (profit or loss), do you enter again in the same hour or you wait for another one?
2. If you closed a trade with a profit do you enter again if there is an opportunity?

Thanks for your answer.

Most of the time I enter the trade again.
Sometimes I have profit sometimes a loss.
I think if there is an entry point I should enter without any fear...


It depends on the willingness of price to stay above or below a horizontal line :wink:

When price closes over a line, in the direction that you are trading, it is called the "direction of profit"; trade in the direction of profit!
If price closes/retraces back over the line then this is called a "break in" and it can still be traded in the direction of profit, but if price gains a footing and is unwilling to recross then you would consider a new direction or plan of attack.

Use the simplest method that works.

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Re: DAILY WICK ZONE TRADING

Postby optymistic » Fri Aug 28, 2015 7:38 pm

Thanks MightyOne

I think I understood what you said. :)

If trading LONG and the price closes below horizontal line "direction of profit" is above that line.
When the price will back below the horizontal line it is called "break in"

If trading SHORT and the price closes above horizontal line "direction of profit" is below that line.
When the price will back above the horizontal line it is called "break in"

Correct me if I'm wrong.

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