Never Lose Again

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BambinoFlex
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Re: Never Lose Again

Postby BambinoFlex » Mon Apr 06, 2020 12:55 am

Some frequency distributions I ran. I wanted to find out what the average wick size was on a bearish day and a bullish day. Once price breaks past that average size, its most likely price will continue in that direction. Trading with the day and the hour at all times. Traded this last week, making up 5:1 RR. Ain't nothing but a thing
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"If you're wrong, guess what...thats TRADING"

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Mon Apr 06, 2020 1:32 am

BambinoFlex wrote:Some frequency distributions I ran. I wanted to find out what the average wick size was on a bearish day and a bullish day. Once price breaks past that average size, its most likely price will continue in that direction. Trading with the day and the hour at all times. Traded this last week, making up 5:1 RR. Ain't nothing but a thing


Better to use HIGH - TOP and BOTTOM - LOW for wick sizes.
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BambinoFlex
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Re: Never Lose Again

Postby BambinoFlex » Mon Apr 06, 2020 2:13 am

TheRumpledOne wrote:
BambinoFlex wrote:Some frequency distributions I ran. I wanted to find out what the average wick size was on a bearish day and a bullish day. Once price breaks past that average size, its most likely price will continue in that direction. Trading with the day and the hour at all times. Traded this last week, making up 5:1 RR. Ain't nothing but a thing


Better to use HIGH - TOP and BOTTOM - LOW for wick sizes.


Thank you, just updated it and the numbers changed. What is the difference between bottom/top and close/open?
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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Mon Apr 06, 2020 2:11 pm

Red candle top is the open.

Green candle top is the close.

TOP is always the top, no matter the color.

Bottom is always the bottom, no matter the color.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: Never Lose Again

Postby BambinoFlex » Mon Apr 06, 2020 4:22 pm

TheRumpledOne wrote:Red candle top is the open.

Green candle top is the close.

TOP is always the top, no matter the color.

Bottom is always the bottom, no matter the color.


Ah, yeah, that would have saved me the trouble of using the filter. Man, I guess over complicating things is a human trait :shock:
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Re: Never Lose Again

Postby BambinoFlex » Mon Apr 06, 2020 4:25 pm

Two Losses one Win. Negative for the day. No problem. Today will bring more opportunities. Might be in quarantine a few more days so might be able to do some rat trades tomorrow.
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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Tue Jun 02, 2020 12:18 am

TRO001.png
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GBPUSD just closed weekly gap from May 1 to May 4, 2020.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: Never Lose Again

Postby bmurat » Fri Jun 05, 2020 6:17 pm

Hi TheRumpledOne,

can you tell me by WickZone Trade ... where would you put the take profit and stop lost ?????

regards for your Information

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Thu Jun 11, 2020 12:17 pm

bmurat wrote:Hi TheRumpledOne,

can you tell me by WickZone Trade ... where would you put the take profit and stop lost ?????

regards for your Information


It depends...

Are you trading, as in watching each and every tick?

Or are you wanting to place the trade, set TP and SL and walk away?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: Never Lose Again

Postby bmurat » Thu Jun 11, 2020 1:53 pm

Hi TherRumpleone,

i dont have the time for Tick trading ...
I would like to specify a certain TP and SL points and wait. I am convinced of Wick Trading, I can now understand the SL, but unfortunately not the take profit. What can possibly help is SR support?

murat

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