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- 2,502 Results (2,497 Replies, 5 Comments)
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RickM replied May 30, 2021Nice reversal on Friday, let's see what pips we can scalp on Monday.
EURUSD
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RickM replied May 29, 2021Hi Simnz I think we can determine liquidity conditions accurately by reading the tape because these market makers have to play their hand eventually. Using the futures market, we can read the liquidity density of these marker makers orders and ...
The Equilibrium, a key to success!
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RickM replied May 28, 2021Then you know less than you claim Mr big shot. You never see any traders money, you never meet. Run along
Cable Update (GBPUSD)
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RickM replied May 28, 2021He loss me when he said he became a FTMO trader. If you win back all your large losses, you wouldn’t need to go near them. You either trade or you teach, can’t do both.
What I learned after losing $300,000 trading forex
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RickM replied May 26, 2021Hi KiwiTrada We are talking about liquidity levels which are used to suppress or release price. Liquidity and volume are different beasts, you should be more worried about what the smaller banker or market maker is doing rather than the big guy. ...
Cable Update (GBPUSD)
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RickM replied May 26, 2021Hi Sang For price to move, price needs to achieve an imbalance of around 3:1 buyers over sellers or sellers over buyers. They move price by either stacking one side of the order book with high liquidity, or they remove liquidity on one one. But the ...
Cable Update (GBPUSD)
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RickM replied May 26, 2021Manipulation is normally high levels of liquidity for brief periods, low liquidity is just inaction on the big players part.
Cable Update (GBPUSD)
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RickM replied May 26, 2021Long wicks is just a sign the liquidity is lower than usual, manipulation is just business of making money.
Cable Update (GBPUSD)
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RickM replied May 25, 2021Hi TimeTells Here is my Chart and the action and the key signals were the Volume resistance lines telling us to Sell. These are formed by Absorption where Buyers are unable to move price upwards due to Selling pressure. The volume at the bottom was ...
The brutal truth of day trading
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RickM replied May 24, 2021Hi TraderTim Like I have said before, forex candles bleed higher or lower and have longer wicks that futures pair but let’s get to the real live chart. In a week of following futures volume data and using it as signals from which to trade spot FX ...
The brutal truth of day trading
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RickM replied May 24, 2021Hi Timetells One minute is a long time I agree however if we choose to trade of a M1 footprint chart, we can see them build volume within the candle so get a feel for what they have planned. The data on a footprint say in a big one minute candle ...
The brutal truth of day trading
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RickM replied May 24, 2021And if I can add to ryuryu’s good description of futures data, the volume extreme’s you see on futures over forex spot FX is 100% accurate. Finally you have the chance to see a big player dump huge volume on to the market and see how it changes ...
The brutal truth of day trading
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RickM replied May 24, 2021Hi Coffeebuff In the end, if you want to trade from signals directly off the DOM, the best way is to invest in obtaining data from a futures pair and then trade it on your current trading platform. This way you will get to see how the big players ...
Discussions on Order Flow/Volume
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RickM replied May 23, 2021Hi Maverick I couldn’t agree with you more about that one trade that shapes your emotion for the day. Whether it’s a stubborn trade in DD that refuses to go into profit or a very sweet nice swing trade that provides half your daily profit, the fact ...
The brutal truth of day trading
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RickM replied May 23, 2021Hi TraderTim Here is the thing, volume can be seen in both futures data and also in tick data on FX spot but that does not give you the edge. The edge comes in reading the amount of liquidity that's present on a chart and its never recorded. Volume ...
The brutal truth of day trading
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RickM replied May 23, 2021Hi Tim_isoara Well if they worked for me, I would sack the lot of them. That's unacceptable to lose 10% in a day. They must be bloody idiot's gambling the firms money without a care in the world. THAT IS NOT HOW A RETAIL TRADER SHOULD TRADE THEIR ...
The brutal truth of day trading
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RickM replied May 22, 2021Hi ccrkk I lose a couple of 90% high probability win trades every night when I shouldn’t. Every time we enter a trade on to the live market, it’s a gamble. No trade is ever guaranteed a win payout, however if you buy a US stock index ten years ago ...
The brutal truth of day trading
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RickM replied May 22, 2021Hi Mtinfix I see it differently. I invest by buying stocks and holding them for months or years to slowly grow my account for my future retirement. I gamble short term by trading forex positions for seconds or minutes to earn a wage that pays my ...
The brutal truth of day trading