DAILY WICK ZONE TRADING

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TheRumpledOne
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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Tue Jan 03, 2017 4:48 pm

MightyOne wrote:The risk stays the same because space is affected by changes in position size: (oldSize/newSize)space.

Space can be increased, reduced, or divided and spread between pairs and periods:
if I have 4 lines on an H1 chart then I might divide my position size in half to trade 4 lines on the
H4 chart that are twice as wide. If after moving to the H4 chart I am sitting with 6 lines then I might
divide my size in half and trade the daily chart with 6 lines that are twice as wide as the H4 lines.

While your math is correct, I believe that you are overlooking a whole universe of strategy.


If I only understood the strategy.
But I don't SEE IT!
I have been trying, MO, to grasp the concept but still fail.
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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Tue Jan 03, 2017 4:48 pm

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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: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Tue Jan 03, 2017 4:52 pm

Mira wrote:
MightyOne wrote:The risk stays the same because space is affected by changes in position size: (oldSize/newSize)space.

Space can be increased, reduced, or divided and spread between pairs and periods:
if I have 4 lines on an H1 chart then I might divide my position size in half to trade 4 lines on the
H4 chart that are twice as wide. If after moving to the H4 chart I am sitting with 6 lines then I might
divide my size in half and trade the daily chart with 6 lines that are twice as wide as the H4 lines.

While your math is correct, I believe that you are overlooking a whole universe of strategy.




Mmmm.. so i'm risking the same and making the same over any chart (period and pair)..
In other words making one line on EURUSD 5m-1h is the same (in % of my account) of making one line on GBPUSD D1!



10 pips is 10 pips.
Does not matter what the chart period is.

If gaining 10 pips with a position size of 10 lots means a 1% increase in my account, then it does not matter what chart period I am viewing.
If I exit with a 10 pip profit then I make 1% gain.
I don't even have to be looking at or using charts.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Wed Jan 04, 2017 3:09 pm

MO, I am speaking clearly in English.

Your posts trigger more questions than answers, when I read them.

Can you write your method on a 3x5 card? If not, too complex! Distill it down to its essence. Should be simple, step by step. If x then y else z. Like coding an indicator.

Just because you can see it doesn't mean I can. Help me to see what you see.

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



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aliassmith
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Re: DAILY WICK ZONE TRADING

Postby aliassmith » Wed Jan 04, 2017 9:17 pm

TheRumpledOne wrote:MO, I am speaking clearly in English.

Your posts trigger more questions than answers, when I read them.

Can you write your method on a 3x5 card? If not, too complex! Distill it down to its essence. Should be simple, step by step. If x then y else z. Like coding an indicator.

Just because you can see it doesn't mean I can. Help me to see what you see.

Thanks.


LOL..... You called it a method and want it simple.... You don't know MO at all.

MOs idea is to create a visual representation of all pairs and timeframes being equal weight. 10 pips isn't 10 pips across all pairs if you consider volatility of each pair and setups on different timeframes.

I feel that he explained it well and there is no exact if x happens then do y.

Probably difficult to make an algo for it.
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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Thu Jan 05, 2017 4:19 am

We can switch back to your thread.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Sat Jan 07, 2017 10:57 pm

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Price does not like to stay inside the wick zone!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Sat Jan 07, 2017 10:59 pm

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Price doesn't like to stay inside the weekly wick zone either!!
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

Postby TheRumpledOne » Mon Jan 09, 2017 1:36 am

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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

Postby TheRumpledOne » Tue Jan 10, 2017 4:35 pm

USDCADM15.png
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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