DAILY WICK ZONE TRADING

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12879
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1524
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Fri Dec 09, 2016 6:39 pm

EURJPYH1.png
EURJPYH1.png (41.65 KiB) Viewed 591 times
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 add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12879
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1524
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Mon Dec 12, 2016 3:21 pm

EURJPYH1.png
EURJPYH1.png (38.99 KiB) Viewed 485 times
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12879
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1524
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Tue Dec 13, 2016 4:19 pm

EURJPYH1.png
EURJPYH1.png (44.58 KiB) Viewed 454 times
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.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12879
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1524
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Wed Dec 14, 2016 7:25 pm

EURJPYH1.png
EURJPYH1.png (51.2 KiB) Viewed 412 times
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.

waynehenderson36
rank: <50 posts
rank: <50 posts
Posts: 24
Joined: Wed Nov 09, 2016 10:25 am
Reputation: 1
Gender: None specified

Re: DAILY WICK ZONE TRADING

Postby waynehenderson36 » Thu Dec 15, 2016 12:06 pm

Thanks Tro for another great trading idea. But I have a couple of questions

1) the green boxes indicate previous up day so would you only look for buy/long trades when there is a green box?

2) do you still only choose to be one colour rat with this style of trading? only long trades? you don't switch depending on what side of zone market is breaking from?

Thanks!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12879
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1524
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Thu Dec 15, 2016 7:34 pm

waynehenderson36 wrote:Thanks Tro for another great trading idea. But I have a couple of questions

1) the green boxes indicate previous up day so would you only look for buy/long trades when there is a green box?

2) do you still only choose to be one colour rat with this style of trading? only long trades? you don't switch depending on what side of zone market is breaking from?

Thanks!


1) the green boxes indicate previous up day so would you only look for buy/long trades when there is a green box?

Not necessarily. It is just a reminder how the previous day ended.

2) do you still only choose to be one colour rat with this style of trading? only long trades? you don't switch depending on what side of zone market is breaking from?

No. Price leaves the zone ~70% of the time. You want to be on the ship when it sails.
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.

waynehenderson36
rank: <50 posts
rank: <50 posts
Posts: 24
Joined: Wed Nov 09, 2016 10:25 am
Reputation: 1
Gender: None specified

Re: DAILY WICK ZONE TRADING

Postby waynehenderson36 » Fri Dec 16, 2016 8:45 am

TheRumpledOne wrote:
waynehenderson36 wrote:Thanks Tro for another great trading idea. But I have a couple of questions

1) the green boxes indicate previous up day so would you only look for buy/long trades when there is a green box?

2) do you still only choose to be one colour rat with this style of trading? only long trades? you don't switch depending on what side of zone market is breaking from?

Thanks!


1) the green boxes indicate previous up day so would you only look for buy/long trades when there is a green box?

Not necessarily. It is just a reminder how the previous day ended.

2) do you still only choose to be one colour rat with this style of trading? only long trades? you don't switch depending on what side of zone market is breaking from?

No. Price leaves the zone ~70% of the time. You want to be on the ship when it sails.



Thanks for your advice Tro. Can you help me with the exit play book as it looks like we need to give this strategy more room to work, I saw with the rat you move to b/e pretty quickly but what would be the best way to trade this strategy? Thanks :-)

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12879
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1524
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Fri Dec 16, 2016 1:30 pm

waynehenderson36 wrote:
waynehenderson36 wrote:
Thanks for your advice Tro. Can you help me with the exit play book as it looks like we need to give this strategy more room to work, I saw with the rat you move to b/e pretty quickly but what would be the best way to trade this strategy? Thanks :-)


Best way? What do you mean best way? Taking profit repeatedly is the best way.
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.

waynehenderson36
rank: <50 posts
rank: <50 posts
Posts: 24
Joined: Wed Nov 09, 2016 10:25 am
Reputation: 1
Gender: None specified

Re: DAILY WICK ZONE TRADING

Postby waynehenderson36 » Fri Dec 16, 2016 2:48 pm

Thanks Tro, but I meant when do you move your stop loss? And how do you manage the trade when it's in play?

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6054
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1737
Gender: Male

Re: DAILY WICK ZONE TRADING

Postby MightyOne » Fri Dec 16, 2016 5:29 pm

waynehenderson36 wrote:Thanks Tro, but I meant when do you move your stop loss? And how do you manage the trade when it's in play?


It is more accurate to call it a "less profit" than a "stop loss" as nothing short of taking profit is going to "stop loss". :lol:

If you did not take money off of the table then you should not even think about moving your stop.

How exactly is a trade (all trades?) managed? That depends on YOUR exit playbook; the one that TRO is going to tell you to write:


Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”