Never Lose Again
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- BambinoFlex
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Re: Never Lose Again
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
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.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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- BambinoFlex
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Re: Never Lose Again
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?
"If you're wrong, guess what...thats TRADING"
- TheRumpledOne
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Re: Never Lose Again
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.
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!
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.
- BambinoFlex
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Re: Never Lose Again
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
"If you're wrong, guess what...thats TRADING"
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- BambinoFlex
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Re: Never Lose Again
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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"If you're wrong, guess what...thats TRADING"
- TheRumpledOne
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Re: Never Lose Again
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
Hi TheRumpledOne,
can you tell me by WickZone Trade ... where would you put the take profit and stop lost ?????
regards for your Information
can you tell me by WickZone Trade ... where would you put the take profit and stop lost ?????
regards for your Information
- TheRumpledOne
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Re: Never Lose Again
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!
Please do NOT PM me with trading or coding questions, post them in a thread.
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Re: Never Lose Again
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
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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