DAILY WICK ZONE TRADING

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

optymistic
rank: <50 posts
rank: <50 posts
Posts: 13
Joined: Wed Apr 15, 2015 8:06 am
Reputation: 0
Gender: None specified

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.

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

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: DAILY WICK ZONE TRADING

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

EURJPYH1.png
EURJPYH1.png (51.37 KiB) Viewed 913 times
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: DAILY WICK ZONE TRADING

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

EURJPYH1.png
EURJPYH1.png (41.28 KiB) Viewed 892 times
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: DAILY WICK ZONE TRADING

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

EURJPYH1.png
EURJPYH1.png (49.95 KiB) Viewed 638 times
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.

User avatar
Rangoban
rank: <50 posts
rank: <50 posts
Posts: 12
Joined: Fri Feb 07, 2014 11:34 am
Reputation: 0
Location: Germany
Real name: Reinhold
Gender: Male

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.

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

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

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!



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

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: DAILY WICK ZONE TRADING

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

EURJPYH1.png
EURJPYH1.png (40.44 KiB) Viewed 549 times
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: DAILY WICK ZONE TRADING

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

EURJPYH1.png
EURJPYH1.png (49.88 KiB) Viewed 511 times
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: DAILY WICK ZONE TRADING

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

EURJPYH1.png
EURJPYH1.png (50.45 KiB) Viewed 444 times
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: DAILY WICK ZONE TRADING

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

EURJPYH1.png
EURJPYH1.png (59.25 KiB) Viewed 373 times
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.


Return to “TheRumpledOne”