Nice chart mixedbags. Last night I was trading AUDUSD last night where I was looking at the volume levels and signs of the big players were filling their orders. Here we can see at 76.07 (Price on SpotFX was 76.05) we can see a big player absorbing ...

The brutal truth of day trading

Hi ntk Any trader that can afford to invest $100 a month into a Futures trading platform with data can access this imformation. If you are a small retail trader like most here, you can apply to access this data for non professional use at a ...

Flying Dutchman

Hi bilal I will tell you what I see, then you will know what I believe. I see the market is one that's starved of liquidity so the big institutional traders can't get their orders filled, not without causing a flash crash which would destroy their ...

Flying Dutchman

Hi ntk We need to make some assumptions first. Before we get to that, if you trade with Futures data on trading platforms like Serria Charts, Motive Wave or Quantower, you get software that alerts you to big trades that have just been executed. Now ...

Flying Dutchman

Hi Bilal For you it’s no fluke, nice trading. Can I ask why you didn’t exit after that bearish spike where all those pinbars are at the bottom?. Do you have a larger profit in mind?. Cheers

The brutal truth of day trading

Hi Giselle Thats the sort of chart I like to look at, nice imbalance signals to sell on (maybe brave on Red news) To be honest, trading the News is just plain stupid most of the time. All those bids and asks move far too quickly for our eyes, ...

The brutal truth of day trading

Hi Giselle Liquidity is the amount of limit orders that exist on a chart, but we should only be concerned with liquidity that exists on the order books. We are talking about 9 pips up and 9 pips down for EURUSD, that is where the only meaningful ...

The brutal truth of day trading

So you guess, that’s disappointing coming from a thinker. Trading can be very simple if you count the tape. In a normal one minute bar, there is on average X amount of liquidity. In a one minute swing , there is normally about 9 times that liquidity ...

The brutal truth of day trading

Hi Techanalyst We trade together when scalping. Right now myself and ryuryu are trading live together and making some realy good pips. We have time to chat, trade and post on forex factory because most of our trades last less than a few minutes, ...

Nordling's Legacy - Live Fundamental Trading

Hi Nordling00 You said this - Sometimes it can be more than 5%, sometimes there will be no volatility at all I was quite disappointed to read that from you when you seem to know how to trade. For me that proves your trade size is far too big and the ...

The brutal truth of day trading

The more you risk, the higher chance of you blowing up your account. Didn’t I read you also claimed you have hit 5% a day like Peter?. I only allow my drawdown to hit 0.30% on any setup and still make a good daily profit. If you can’t trade smaller, ...

The brutal truth of day trading

Hi Tim I have talked about the DOM using CME data on forex pairs many times Its not too quick if you use futures DOM data to trade spot EURUSD, GBPUSD or AUDUSD. At least 30% of orders are iceberg orders etc so it’s not useful in 90% of occasions. ...

The brutal truth of day trading

Hi ryuryu That was a great post on the MT5 use of the DOM. Its just to impress users but offers no value. If anybody has a spare hour or two this weekend, and want to see the footprint or DOM in use, I recommend you download “Quantower” and watch it ...

The brutal truth of day trading

Good luck, But being in high draw down when price keeps running away from you sucks more and destroys your confidence. I have tried both scalping and long term trading and I much prefer scalping for a simple reason. No preparation, no guess work. ...

EURUSD

Yes But 90% of traders reading this would be trading with a trade size far too big for their account.

The brutal truth of day trading

Hi Tim Two words - get this right and your monthly profit target and is easily obtainable with draw down levels kept to under 2%. As a scalper, I will never let it get over 0.30% Trade Size

The brutal truth of day trading

Hi Skyf Unfortunately no software can foreseen a strong move like last night. The software can show what has just happen a few seconds later only but the DOM can on a few occasions show what may happen within the next 30 seconds. An example is an ...

The brutal truth of day trading

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The brutal truth of day trading

Hi jmn5611 I invest in Australian bank stocks which pay me 5% a year in dividends and provides half my trading income. I trade 5 EA’s on the forex market which proves 10% of my income. I trade forex where I scalp liquidity inefficient’s which ...

The brutal truth of day trading

The biggest fear for most of us is how safe are our funds we hold with our brokers. I would ask how safe is your health if you drive on the roads everyday, probably a higher risk of injury that the risk to your funds in your brokers accounts. I ...

The brutal truth of day trading