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Attachments: Dance of the wick
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Dance of the wick

  • #221
  • Jun 12, 5:44am (11 hr ago) Jun 12, 5:44am (11 hr ago)
Took this and it moved so quickly I took profit before the screenshot!

I'm finding I sometimes need a stop loss a little wider than 30 pips. Also moving to B/E at +11 (any reason why 11.2?...) means quite a lot of B/Es.
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  • #222
  • Jun 12, 5:47am (11 hr ago) Jun 12, 5:47am (11 hr ago)
During the time I was away from the screen, the runner flew to the moon.. R:R 1:11 is more then enough for me. 1:20 would already be too much
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  • #223
  • Jun 12, 5:51am (11 hr ago) Jun 12, 5:51am (11 hr ago)
Quoting mrPB
{quote} nice sells up there mate. market was waiting for me to stop shorting the new highs before they dropped it
Im glad you did
Trade what you see
  • #224
  • Jun 12, 5:58am (11 hr ago) Jun 12, 5:58am (11 hr ago)
talkin about wicks dont forget the big picture M1 folks
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Trade what you see
  • #225
  • Jun 12, 6:06am (11 hr ago) Jun 12, 6:06am (11 hr ago)
apples fallin from the tree. If the wicks are easy to spot outside the nosie of price action and structure is a good thing
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Trade what you see
  • #226
  • Jun 12, 6:42am (10 hr ago) Jun 12, 6:42am (10 hr ago)
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Trade what you see
  • #227
  • Jun 12, 7:54am (9 hr ago) Jun 12, 7:54am (9 hr ago)
Quoting jonp7777
Took this and it moved so quickly I took profit before the screenshot! I'm finding I sometimes need a stop loss a little wider than 30 pips. Also moving to B/E at +11 (any reason why 11.2?...) means quite a lot of B/Es. {image}
11.2 is so easy to collect. You spot a wicky zone and some M1 wicky candles and you get paid. I know 11.2 pips at 0.01 lots means nothing but you have to think bigger and create habits so when you start trading bigger numbers you have the procedure burned in your brain so you can do it without hesitation. At 10-100 lots you can have a nice life paid by those BE+1
Trade what you see
  • #228
  • Jun 12, 8:06am (9 hr ago) Jun 12, 8:06am (9 hr ago)
There wasn't a PDF explaining the teachings of the OP in the attachments.

Hope no one takes offense. I asked an AI to read this thread https://www.forexfactory.com/thread/...ce-of-the-wick and distill the teachings of ghbdr

Cheers!
Attached File(s)
File Type: pdf Dance of the wick.pdf   77 KB | 63 downloads
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #229
  • Jun 12, 8:14am (8 hr ago) Jun 12, 8:14am (8 hr ago)
Quoting TooSlow
There wasn't a PDF explaining the teachings of the OP in the attachments. Hope no one takes offense. I asked an AI to read this thread https://www.forexfactory.com/thread/...ce-of-the-wick and distill the teachings of ghbdr Cheers! {file}
My God the AI. Its ok mate. The AI doesnt bother me. No algorithm can do what is discussed here. Its like music. Use Suno to make a shitty song and then listen to Coltrane's "A love supreme" to feel the difference. Fuck the algo. The imperfection, improvisation or ability to adapt to chaos. Dont think will be coded
Trade what you see
  • #230
  • Jun 12, 8:30am (8 hr ago) Jun 12, 8:30am (8 hr ago)
  • #231
  • Jun 12, 9:14am (7 hr ago) Jun 12, 9:14am (7 hr ago)
H1 Sync, SD zone + wicky LTFs rejections.
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Trade what you see
  • #232
  • Jun 12, 9:32am (7 hr ago) Jun 12, 9:32am (7 hr ago)
Probably gonna be stopped out at BE for the 3. time lol.

Anybody else trading gold futures?

PC
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Less is more...
  • #233
  • Jun 12, 9:48am (7 hr ago) Jun 12, 9:48am (7 hr ago)
Run Forrest Run - two open positions gogogo
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Update: Price action said fuck you and decided to close - and price did a fuck you back.

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  • #234
  • Jun 12, 9:57am (7 hr ago) Jun 12, 9:57am (7 hr ago)
Taking a shot up here at fib level...

PC
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Less is more...
  • #235
  • Jun 12, 10:28am (6 hr ago) Jun 12, 10:28am (6 hr ago)
Remember to stay under the tree and wait for the apple.
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Trade what you see
  • #236
  • Edited 12:08pm Jun 12, 10:43am (6 hr ago) | Edited 12:08pm
Inshallah a runner...off to the beach.

PC
Edit: Dam stopped out at BE plus a few beer money.
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Less is more...
  • #237
  • Jun 12, 12:34pm (4 hr ago) Jun 12, 12:34pm (4 hr ago)
A little more before I'm going to watch the world cup. A good weekend for a sportgeek with Worldcup, Lemans and F1

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Last two days results after only trading at pre picked zones:
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  • #238
  • Jun 12, 1:04pm (4 hr ago) Jun 12, 1:04pm (4 hr ago)
Quoting TranceGhost
A little more before I'm going to watch the world cup. A good weekend for a sportgeek with Worldcup, Lemans and F1 {image} {image} Last two days results after only trading at pre picked zones: {image}
Great results. Why do you take so many trades?

Obviously it works for you, just curious

PC
Less is more...
  • #239
  • Last Post: Jun 12, 1:14pm (3 hr ago) Jun 12, 1:14pm (3 hr ago)
Quoting pipcruiser
{quote} Great results. Why do you take so many trades? Obviously it works for you, just curious PC
You have to divide it by 3. Every time I push my ea for a trade it opens 3 positions (3 trades) so it's actually only like 40 entry attempts per day and only 29 today - the first 3 days of this week I was doing 100-200. So I have cut down a lot and have seen the graph have much less fluctuations after hearing what ghbdr said.

And I do multiple entries if I get stopped out at BE+1 and I can see that my bias perhaps is correct - so I wait for a spike up against the direction i wanna go and enter again.

But I am trying to restrain myself and only take trades at zones I prepick - but sometimes I just see some microstructure and I try it out. And that sometimes burns and sometimes awards. But best thing is to look for extreme zones.
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