DAILY WICK ZONE TRADING

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TheRumpledOne
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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Thu Apr 09, 2015 4:23 pm

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Price exited the lower Daily Wick Zone repeatedly.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Re: DAILY WICK ZONE TRADING

Postby fxethree » Thu Apr 09, 2015 6:53 pm

Have you experimented with using this on lower time frames, 4HR for example? Can the indicator be set to 4HR TF? With MT4 some brokers daily bar ends at 5PM Eastern, others midnight for example, which could be problamatic

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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Thu Apr 09, 2015 7:32 pm

Yes, it can be used on other time frames.

The statistics for the daily are profitable. That's why I use the daily.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Fri Apr 10, 2015 3:59 pm

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Trading with the DAILY and WEEKLY BIAS out of the DAILY WICK ZONE is usually profitable. 8)
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Mon Apr 13, 2015 3:59 pm

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A trader must find a system/method that works for them on a consistent basis.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Tue Apr 14, 2015 3:46 pm

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Price entered/exited both Daily Wick Zones.
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 Artur M. » Tue Apr 14, 2015 8:13 pm

Hi TRO

Can you share your exit plan, pls.
What you do and when?
Is your first SL equals 10pips? (first I mean when your entry is triggered)
What you do when the price goes in your direction?

Thanks for your answer
Artur

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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Wed Apr 15, 2015 3:40 pm

Exit plan is from my EXIT PLAYBOOK.

Stop Loss is the other side of the zone... if you go long at the top of a zone, the stop loss is the bottom of the zone. You adjust your position size accordingly to keep risk the same.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Wed Apr 15, 2015 3:42 pm

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Once price enters a Daily Wick Zone, it usually exits the zone. You enter on exit of the zone. Your stop loss is the other end of the zone. The indicator displays this information.
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 TheRumpledOne » Thu Apr 16, 2015 3:50 pm

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The Daily Wick Zone were close together today but that didn't mean they were not profitable.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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