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DAILY WICK ZONE TRADING
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- TheRumpledOne
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Re: DAILY WICK ZONE TRADING
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 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
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 do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
- rank: 10000+ posts
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- Joined: Sun May 14, 2006 9:31 pm
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Re: DAILY WICK ZONE TRADING
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 do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
- rank: 10000+ posts
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- Joined: Sun May 14, 2006 9:31 pm
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- Location: Oregon
- Real name: Avery T. Horton, Jr.
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Re: DAILY WICK ZONE TRADING
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 do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15567
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
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- Contact:
Re: DAILY WICK ZONE TRADING
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 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.
Thank you for your support.
- TheRumpledOne
- rank: 10000+ posts
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- Joined: Sun May 14, 2006 9:31 pm
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Re: DAILY WICK ZONE TRADING
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 do NOT PM me with trading or coding questions, post them in a thread.
Re: DAILY WICK ZONE TRADING
Hi TRO. How are you?
If our stop loss is other side of zone, this is usually big stop loss... About 20 pips. And if we move our stop loss to BE+3 or BE+1 when our trade is 5 pips in profit and SL is hit we make small profits. Usually we have small profits (BE+1, BE+3...).
And, then we enter another trade and it hit SL and it wipe all this small profits.
What I want to say is that our risk/reward is bad.
So, how we can make profits then?
TRO, I am beginner, please answer me and help me.
Thank you! Keep post charts!
If our stop loss is other side of zone, this is usually big stop loss... About 20 pips. And if we move our stop loss to BE+3 or BE+1 when our trade is 5 pips in profit and SL is hit we make small profits. Usually we have small profits (BE+1, BE+3...).
And, then we enter another trade and it hit SL and it wipe all this small profits.
What I want to say is that our risk/reward is bad.
So, how we can make profits then?
TRO, I am beginner, please answer me and help me.
Thank you! Keep post charts!
- TheRumpledOne
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Re: DAILY WICK ZONE TRADING
As a trader, you can decide how much you are willing to lose. If the SL is too big, either reduce your positions size, reduce the SL pips or both.
Look at the chart I posted just before your post.
How many wins? How much?
How many losses? How much?
I see some nice wins especially if you only traded long.
Look at the chart I posted just before your post.
How many wins? How much?
How many losses? How much?
I see some nice wins especially if you only traded long.
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 do NOT PM me with trading or coding questions, post them in a thread.
Re: DAILY WICK ZONE TRADING
TheRumpledOne wrote:As a trader, you can decide how much you are willing to lose. If the SL is too big, either reduce your positions size, reduce the SL pips or both.
Look at the chart I posted just before your post.
How many wins? How much?
How many losses? How much?
I see some nice wins especially if you only traded long.
I think zero losses and enough wins.
When you trade daily wick zone method, you move your SL to BE+3 after 5 pips? I mean, you use your exit play book (video which you post on youtube)?
If I practice, practice and practice, I will be better, I know that.
Thank you!
- TheRumpledOne
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Re: DAILY WICK ZONE TRADING
Need a different page from the EXIT PLAY BOOK for DAILY WICK ZONE TRADING.
You may want to wait longer or you many just want to take what is there.
You may want to put a BE + 0.5 pips ( a scratch ) and see if it runs 10 or more.
You may want to wait longer or you many just want to take what is there.
You may want to put a BE + 0.5 pips ( a scratch ) and see if it runs 10 or more.
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 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.
Thank you for your support.