Given the huge size of the market I doubt very much you can see 'someone' placing large orders in treasuries. DOM is useful for scalping but there's going to be some other guy closer to the exchange than you who is better placed to make money. The ...

5 years and still no strategy

Let's do the maths. He has 2707 in his trading account now. An average of 4 trades a day, risking 2% on each trade with 2 winners and 2 losers at 1:2 risk:reward gives him a return of about 4% a day (2 wins of 4% = 8% and then subtract the 2 losses ...

5 years and still no strategy

Order flow can be and is faked. Read up on the SP500 flash crash trader. If anyone can place and cancel orders what value is it? There's also the fact that unlike stock index futures, FX futures are a tiny fraction of the spot market.

5 years and still no strategy

It really depends how you trade. If you just look for 1 or 2 good trades per day then 2% per trade is no more gambling than what you do.

5 years and still no strategy

You're in the mindset of a losing trader. The fundamentals and technicals are pointing down and you're sinking deeper and deeper under water, scared to take a loss because you've got that demon in the back of your mind saying 'what if you close now ...

Pivot Trading

I think you've taken a couple of comments I made a bit too personally which confuses me as they were replies to other posters. I've read a lot on this thread and I do find confluence between a harmonic and fib pivot level together with price action ...

Pivot Trading

I've recently read the books of Scott Carney, use his website and also attended some of his live trading sessions. He doesn't use fibonacci pivot levels, 78.6 or otherwise. He uses harmonic patterns based on fibonacci retracements and extensions but ...

Pivot Trading

This is what I mean. Sitting on a losing position while the market is trending against you is no way to trade. The reason for the move is a big unwinding of the Trump Trade. There was a long period of 'risk on' and now it's being unwound so the Yen ...

Pivot Trading

The benefit of not using SLs is that your win % will be higher, but the problem is that when the market moves against you very quickly it can be very difficult to close a losing position. You might be hoping that the market is going to come back in ...

Pivot Trading

Very good question. I think most people enter trading thinking that they can make money just by opening a trade whenever they see the green line cross the red line (of whatever indicator is currently in vogue). This is of course nonsense so the real ...

why do people here like simple systems

A few guys here seem to be underwater on the UJ. If so, this chart should give you cause for optimism. If the SP500 can hold the S100 level and slice through the other support levels to the weekly pivot, then UJ longs are back in business. If the ...

Pivot Trading

Keep an eye on the SP500, currently bouncing off S100. I read an article on Marketwatch that historically, after such a long period without a 1% down day, when that day comes it is followed by the market rising. A lot of people like buying dips in ...

Pivot Trading

USD/JPY is going to have plenty of these little micro-rallies that sucker people in before the next leg down.

Pivot Trading

I agree. At times like this you have to ignore the pivot levels and look at the daily chart. It could go all the way down to 100 but at least a 50% pullback of that rally is coming. Looking at price action now there's just no buying pressure at all ...

Pivot Trading

  Regrets I've had a few...lol   I can see the reluctance as it was a strong down day but it seemed like a bit of a textbook set-up with great risk/reward so I'm surprised you didn't take it.   image

Pivot Trading

  What do you mean I'm 'missing' it? I choose not to put it on my chart. It was of no relevance for the trade I posted.

Pivot Trading

Seemed like a textbook short for NZDUSD on H1 but the only thing holding me back was the time. European traders had all gone home and New Zealand traders hadn't even woken up yet so I skipped. It turned into a nice move though. Anyone ever take ...

Pivot Trading