DAILY WICK ZONE TRADING

[TheRumpledOne]

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[TheRumpledOne]

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[TheRumpledOne]

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[MightyOne]

I didn't trade it, but it was a pretty epic move

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[optymistic]

Hi TRO
Have some questions...
1. If you closed trade in the hour (profit or loss), do you enter again in the same hour or you wait for another one?
2. If you closed a trade with a profit do you enter again if there is an opportunity?

Thanks for your answer.

[TheRumpledOne]

Hi TRO
Have some questions...
1. If you closed trade in the hour (profit or loss), do you enter again in the same hour or you wait for another one?
2. If you closed a trade with a profit do you enter again if there is an opportunity?

Thanks for your answer.

That opportunity usually doesn't happen often. But the real question is would YOU enter when there is an opportunity?

[TheRumpledOne]

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[optymistic]

Hi TRO
Have some questions...
1. If you closed trade in the hour (profit or loss), do you enter again in the same hour or you wait for another one?
2. If you closed a trade with a profit do you enter again if there is an opportunity?

Thanks for your answer.

That opportunity usually doesn't happen often. But the real question is would YOU enter when there is an opportunity?

Most of the time I enter the trade again.
Sometimes I have profit sometimes a loss.
I think if there is an entry point I should enter without any fear...

[MightyOne]

Hi TRO
Have some questions...
1. If you closed trade in the hour (profit or loss), do you enter again in the same hour or you wait for another one?
2. If you closed a trade with a profit do you enter again if there is an opportunity?

Thanks for your answer.

Most of the time I enter the trade again.
Sometimes I have profit sometimes a loss.
I think if there is an entry point I should enter without any fear...

It depends on the willingness of price to stay above or below a horizontal line

When price closes over a line, in the direction that you are trading, it is called the "direction of profit"; trade in the direction of profit!
If price closes/retraces back over the line then this is called a "break in" and it can still be traded in the direction of profit, but if price gains a footing and is unwilling to recross then you would consider a new direction or plan of attack.

Use the simplest method that works.

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[optymistic]

Thanks MightyOne

I think I understood what you said.

If trading LONG and the price closes below horizontal line "direction of profit" is above that line.
When the price will back below the horizontal line it is called "break in"

If trading SHORT and the price closes above horizontal line "direction of profit" is below that line.
When the price will back above the horizontal line it is called "break in"

Correct me if I'm wrong.