As I was typing all that out, price has come close to the possible 1.6526 reversal point and dropped. Have posted 30min chart below. Look at the volume-have circled 2 30 min nodules showing high volume. The fact that this was buying volume is shown ...

Spot Fx Trades based on futures volume and price movement

Great stuff. Funny that you use the 120min chart as well-realised that the 1 hour still gives too much noise while the 4 hour provides nowhere near enough detail so is a happy medium between the two.

Surfing Risk Intraday - Volume Profile and Order flow

Hey risk surfer, Been researching all this for a year along with cumulative delta. Have finally got my head around it and seeing the ebb and flow of the market. And after trawling the internet and reading lots of disparate (but helpful) sources of ...

Surfing Risk Intraday - Volume Profile and Order flow

Hey there, I trade in exactly the same fashion as this and can provide some good advice. 1) Get charts where you can see a 2 hour timeframe. There is still a lot of noise on 1 hr charts. When you have these charts then you will see these impulse ...

Price Action made simple with Supply and Demand levels

Hi all, I am new here, and am looking to go live with LMAX. Been using MT4 with bucket shop, and I'm currently trying out LMAX-WebClient platform. I do have some technical ques for those who hav demo/live experience with LMAX. 1) On its WebClient, ...

LMAX = revolution?!?

Agreed Cat-sounds like one of those zen trading gurus-then drill down to what he's saying and it's actually-ummmm-what?! To summarise, as other people have, candlesticks are effective. But not in isolation. Have to be other factors as well-price and ...

We were fools to believe candlesticks can predict

I have not had the opportunity to read through all the posts on this so apologies. Candlestick shapes are a clue to what price wants to do and where it wants to go. Like anything else, they are just that-a clue. If you look at candlesticks in a ...

We were fools to believe candlesticks can predict

Find the clear S/R levels on 1 hr charts and higher (i.e. 4 hours). Understand what support and resistance levels actually mean in terms of who is buying and selling, and whether large institutions are buying to open or to close a position at these ...

Where are big banks buying or selling?

No idea r.e. Canadian clients-just call them! Remember is £10k minimum balance. As for MT4 is supposedly good execution with them (or so they say-I don't use it) but if I were you I'd use it for charting and just enter trades manually/using preset ...

LMAX = revolution?!?

Considering I never pressed a button to subscribe I'm assuming that posting does this automatically. I'd love to know how to unsubscribe. Ah relief figured it out adios muchachos - good luck and happy trading to you all

Technical Analysis Fallacy

Do you seriously expect people to wade through pages of this cr*p in the hope that they might find something helpful. It could have been v informative, now it appears to be a thread filled with the random meandering thoughts of a nutjob. Just ...

Technical Analysis Fallacy

Lads I'm not a moderator but maybe restrict posts to Technical Analysis Fallacy and discussing it? No wonder people don't wade through hundreds of pages on here...

Technical Analysis Fallacy

Huh? That's an oxymoron.

Technical Analysis Fallacy

Illiquidity meaning a complete lack of volume? Futures volume looks quite high to me-am sure spot fx will be the same so it's not illiquid at all??

Technical Analysis Fallacy

Yeah I figured that out a while ago-I never used to think why Support becomes resistance etc in terms of the market itself! Simply put, peope go short, they're proved wrong, so when the price returns back to where they went short, orders are ...

Technical Analysis Fallacy

Hey Cindy, That's exactly what I did-reread it and it chimed better now than it did when I first read it. The bits where he forces you to take 20 trades mechanically are brilliant...

Trading as I know it...

I'm inclined to say it's impossible to advise without knowing (approximately) what your trading edge is. Do you trade with the trend or against it (ie. shorting tops etc). If you're trading with the trend then you really should be more confident ...

Indicators or price action tools to help with exits

Sorry, I forgot to mention that if you're struggling with the mental side of things then the most amazing resource is out there. Buy 'Trading in the Zone' by Mark Douglas. You'll think that he's some kind of witch as he has perfectly mapped out the ...

Trading as I know it...

I totally agree, I turned my trading round by simplifying it greatly. I follow 4 pairs but I only trade 1 specific set up. 1 or 2 trades a day max. It helps because you aren't trying to second guess every move in the market-you're just focussing on ...

Trading as I know it...