DAILY WICK ZONE TRADING

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TheRumpledOne
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DAILY WICK ZONE TRADING

Postby TheRumpledOne » Tue Apr 01, 2014 4:14 pm

DAILY WICK ZONE TRADING

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If price goes into the previous day's high-candle top or previous day's bottom-low zone, it usually LEAVES THE ZONE.

I had this idea and wrote a frequency distribution indicator. You can see this happened over 70% of the time!

All you have to do is trade in the direction of the zone exit..

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby TheRumpledOne » Wed Apr 02, 2014 1:32 am



31 pip breakout so far from the upper wick zone.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Thu Apr 03, 2014 10:41 pm

Last edited by TheRumpledOne on Thu Apr 10, 2014 9:31 pm, edited 2 times in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Mon Apr 07, 2014 12:48 pm

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Take the trade in the direction price leaving the daily wick zones.

Of course, trade with the H1 and D1 candle colors.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Tue Apr 08, 2014 3:55 pm

Image

Take the trade in the direction price leaving the daily wick zones.

Of course, trade with the H1 and D1 candle colors.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Please add www.kreslik.com to your ad blocker white list.
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Postby TheRumpledOne » Tue Apr 08, 2014 8:15 pm

TRADING IS SIMPLE WHEN YOU USE HORIZONTAL LINES...

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TRO DAILY WICK TRADE 002
Last edited by TheRumpledOne on Thu Apr 10, 2014 9:32 pm, edited 1 time in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Thu Apr 10, 2014 4:32 am

POSITION SIZE = RISK / STOP LOSS.


Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)

You cannot control the probabilities of wining or losing.

You cannot control your average win size.

The only part of the equation that you can control is your average loss size.


Does that answer your question?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Thu Apr 10, 2014 8:45 pm

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Fri Apr 11, 2014 2:11 am

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Fri Apr 11, 2014 3:50 pm

mejo wrote:About your auto lot size indicator...you get 1.47 with 20/13.6 as the formula says. But 1.47 lots with 13.6 pips means you are risking 200$, which is 20% no 2% of 1000$. Well if we divide risk with points instead of pips, we get the right number.

Regards, Mejo


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Depends if you are trading full lots or minilots.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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