DAILY WICK ZONE TRADING
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- TheRumpledOne
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Re: DAILY WICK ZONE TRADING
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
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
- TheRumpledOne
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Re: DAILY WICK ZONE TRADING
Yes, it can be used on other time frames.
The statistics for the daily are profitable. That's why I use the daily.
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!
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
Trading with the DAILY and WEEKLY BIAS out of the DAILY WICK ZONE is usually profitable.
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
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Re: DAILY WICK ZONE TRADING
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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- TheRumpledOne
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Re: DAILY WICK ZONE TRADING
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
Re: DAILY WICK ZONE TRADING
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
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
- TheRumpledOne
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Re: DAILY WICK ZONE TRADING
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.
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!
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
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Re: DAILY WICK ZONE TRADING
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
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Re: DAILY WICK ZONE TRADING
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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