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Wicks 50 pips or larger are rare and mark significant reversal areas...

Range dashboard showing the frequency distribution of the range for this year. As you can see, it takes a while to make 10 pips.

You would have to watch 48 charts or more to SEE these values on your charts.

Yes, that is the ONLY thing I sell...

I am paraphrasing an email I received today: Thus, if you over think or over analyze your trade, try to force it, or try to be too perfect with your performance, you are guilty of getting in your own way. Most of the time, traders get in their own way because of fear of failure or...

YouTube: TRO DAILY WICK TRADE 002 I explain some stats in the video.

Wow! What a blast from the past. Thanks for the memories.

As E.F. Schumacher once said, “Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius and a lot of courage to move in the opposite direction.”

WAITING..... :)

YouTube: HOW TO USE THE TRO MULTIMETERS

HISTOGRAM shows how profitable taking this trade can be.... Green bars are HIGH minus WEEKLY OPEN. Red bar are WEEKLY OPEN - LOW. The bars represent potential profit opportunities.

GET READY FOR THE YEARLY OPEN CROSS....

WEEKLY OPEN CROSS ALL YOU NEED TO TRADE IS A HORIZONTAL LINE!

YouTube: TRO TRADING IS SIMPLE

First thing is to unwrap your head and empty out all of the trading stuff that has been crammed in there. Now, look at a chart with fresh eyes.... What do you see?

Looks can be very deceiving... Would you prefer someone who shows up in front of a (rented) mansion in a (rented) Ferrari, wearing a (borrowed) Rolex watch and a tailored (fake) Armani suit who sells trading systems for thousands of dollars? If you didn't know Warren Buffet by sight, what...

Depends on many factors but over trading is a big problem for many traders. I caution traders to have modest daily goals and to build up slowly. Yes, you may miss opportunities but better to miss out than get wiped out. Thanks for the question.

Years later, still working. GOT CHEESE?

YouTube: TRO DAILY WICK ZONE 004 YouTube: TRO RAT ZONE

PRICE IS THE SAME ON ALL CHARTS!! Changing time frames is just changing the data compression.