[quote=ryuryu;13551905] I don't know may be it is possible to use that spot forex tick volume data, but I have found it unusable. But futures vol data is very clear in comparison. vol&delta from CME helps a lot to skip low vol sequences. The same ...

The brutal truth of day trading

Different Perspectives Hi Rick, We seem to be talking here totally at cross purposes. The tests I did the other day were just on closing prices. Any reference to candle wicks in this context is therefore irrelevant. Look Rick, I'm a trader to. I ...

The brutal truth of day trading

Real V's Fake Volume Hi ryuru, I am very much aware of the common argument that tick data is decentralised etc and can't be used but I have to respectfully disagree with your statement. There was a research paper published about 10 years ago by a ...

The brutal truth of day trading

Current Thoughts About Order Flow Hi Brixton, You may well be right. What I am trying to do is figure out for myself the current state of the art in this area. I discovered this thread a couple of weeks ago by searching "Order Flow". I have since ...

The brutal truth of day trading

Response to developing a trading EA Hi Simnz, My conclusion is: nothing can beat Pip Height and Bar width to draw tradable scenarios for you etc I am sorry but I don't understand what you mean. I will provide mql of an EA which is based on random ...

The brutal truth of day trading

It doesn't matter what you try to do in life there always seems to be someone there saying sternly that you can't or it wont work, or you are stupid for even trying. I am so glad that I learnt many years ago to simply ignore griefers and just get on ...

The brutal truth of day trading

"Great Expectations" - A little project for a lot of fun Hi Simnz, It is my opinion that in order to develop any sort of automated or semi-automated trading system you first have to be a competent manual trader. From that position you can analyse ...

The brutal truth of day trading

Looking at other possible approaches to working with order flow Hi Rick Thanks for answering my questions. I think I now understand what you are trying to do. One of the numerous question in my mind is how correlated is the Depth of Market (DOM)’s ...

The brutal truth of day trading

An Interesting Read I skimmed through your two pdf documents Objective Thinking Part 1 (321pages) and Objective Thinking part 2 (83 pages). I found some of your ideas and discussions quite interesting. If I may put the central theme of what you ...

The brutal truth of day trading

Defining the bigger picture Hi Rick I would like to try and participate in this ongoing conversation about order flow etc but before attempting to do so I would also like to make sure that we are both on the same page in regards to some of the terms ...

The brutal truth of day trading

maverick Thank you for your thoughtful discourse I wont bother you anymore. Tim

The brutal truth of day trading

Order Flow and other interesting things Thanks Rick A couple of years ago I did some programming work for a fairly experienced trading colleague of mine. It was based around Order Flow (OF) and segmented profiling. At the time I didn’t feel he was ...

The brutal truth of day trading

Thanks Peter I think I am starting to get the general gist of what you have been talking about. I hope I am able to keep on watching your posts, looking, listening and perhaps even learning a little here and there. Tim

The brutal truth of day trading

Learning How To Learn Hi Maverick, I have been following your posts. My conclusion is that you are either trying very hard to understand what trading is all about or you are just leading Peter, Rick and others on a merry dance. For the moment I will ...

The brutal truth of day trading

Really? Please explain yourself?

The brutal truth of day trading

Reduced Leverage In AUS Many traders I know have got or are getting Pro accounts with Aussie regulated brokers. Back to 100:1 or whatever leverage you want. Seems to be ridiculously easy to do. Bit of a joke really. I haven't done it myself yet ...

The brutal truth of day trading

I am Confused Hi Rick I grabbed a Forex (FX) futures chart for EURUSD last Friday (Euro FX Sep 21 E6U21 CME) but again the daily distribution appears to be nothing like what you were describing. I also attempted to look at the previous post(s) you ...

The brutal truth of day trading

Trading with a thick skin Thank you for your encouraging comments. I will try and develop a thick skin to deal with the inevitable barbs and abuse. In the meantime I am more than happy to share whatever I can with others. Although I have been ...

The brutal truth of day trading

Retail Forex traders have almost no impact on the market Hi again Maverick, I am not sure where you are going with these questions and statements but I am having difficulty following you. Perhaps you are trying to fit a whole lot of bits and pieces ...

The brutal truth of day trading

Big players don’t trade much but hold 90% of liquidity - (Quoting Rick) Hi Rick, Where are you getting your data from? I assume you are talking about tick volume that you typically see on a retail Forex trading platform. I have had a look at 4 ...

The brutal truth of day trading