DAILY WICK ZONE TRADING

[TheRumpledOne]

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..

[TheRumpledOne]

31 pip breakout so far from the upper wick zone.

[TheRumpledOne]

TRO TRADING VIDEO - TRO WEEKLY OPEN TRADE 001

[TheRumpledOne]

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

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

[TheRumpledOne]

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

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

[TheRumpledOne]

TRADING IS SIMPLE WHEN YOU USE HORIZONTAL LINES...



TRO DAILY WICK TRADE 002

[mejo]

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

[TheRumpledOne]

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]

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

[TheRumpledOne]

TRO DAILY WICK TRADE 003 YOUTUBE VIDEO