DAILY WICK ZONE TRADING

Post by **TheRumpledOne** » Tue Apr 01, 2014 4:14 pm

DAILY WICK ZONE TRADING

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..

Post by **TheRumpledOne** » Wed Apr 02, 2014 1:32 am

31 pip breakout so far from the upper wick zone.

Post by **TheRumpledOne** » Thu Apr 03, 2014 10:41 pm

TRO TRADING VIDEO - TRO WEEKLY OPEN TRADE 001

Post by **TheRumpledOne** » Mon Apr 07, 2014 12:48 pm

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

Of course, trade with the H1 and D1 candle colors.

Post by **TheRumpledOne** » Tue Apr 08, 2014 3:55 pm

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

Of course, trade with the H1 and D1 candle colors.

Post by **TheRumpledOne** » Tue Apr 08, 2014 8:15 pm

TRADING IS SIMPLE WHEN YOU USE HORIZONTAL LINES...

TRO DAILY WICK TRADE 002

mejo · Post by **mejo** » Wed Apr 09, 2014 10:11 am

Hi TRO!

I really like your statistics and your style. The only thing that i didn't find on your youtube videos or on this forum is your view of risk:reward. The only video about reward is in "All you need to know about trading" video. You say that controlling risk is skill and controlling reward is luck. I often have a feeling that you take less than 1 for 1 risk. How do you put your statistics into play here if you have let's say 66% . You win 2 trades out of 3. But, how can you say you have a 66% rate if you have trades that didn't reach the target and you went out with less than 1:1?

Regards, Mejo

Post by **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?

mejo · Post by **mejo** » Thu Apr 10, 2014 11:19 am

Thank you very much for an answer...helped very much...thanks again

Post by **TheRumpledOne** » Thu Apr 10, 2014 8:45 pm

TRO DAILY WICK TRADE 003 YOUTUBE VIDEO