Hi Maverick2017 Life is mostly about total freedom which is a luxury - Money easily obtained Trading is about non freedom and corruption - Money is extremely hard to obtain Therefore if you have freedom, its not even closely related. Unfortunately ...

The brutal truth of day trading

"Literally most of the crap on this site is SO far from reality that you'd need 50 dump trucks to try and scrape it clean and yet you'd still be no closer to learning anything real". 50 dump trucks at least for your meaningless posts that don't hide ...

The brutal truth of day trading

I see there is a few Brisbane traders here (hope you don’t follow the Broncos). The best method is to trade against low volume spikes if it moves out from a breakout. AUDUSD and AUDJPY are pretty good to trade. Cheers

How do you trade the Asian session?

He’s a World champion and two time runner up championship trader and a nice guy to boot. He also develops some nice indicators, the best in my opinion is a breakout indicator. Talking about trading competitions, the average winning return over a ...

What's Your Opinion on EAs and How to Approach Them!

Impossible to do 500,000 back tests in my opinion. Each computer if they were testing tick data would only get through 2 pairs a day. On bar close of course could be through 50 a day but the results would be rubbish. So I had 8 computers running ...

What's Your Opinion on EAs and How to Approach Them!

I have worked on one of his EA’s and talked to him two years ago at a Algorithm traders conference. He is a very knowledgeable trader. I did have one of his models running for six months (with a few changes) and it was a nice strategy. I don’t run ...

What's Your Opinion on EAs and How to Approach Them!

Not sure if it matters whether it’s a higher high if you trade on lower time frames. It’s all time frame dependant.

EURUSD

image

The brutal truth of day trading

Haven’t found anything new Peter, I have been trading with volume for over 20 years. Futures data has been around since 1710. Didn’t know you kept up with fashion you sneaky little old dog.

The brutal truth of day trading

Data is the following Bid 20 lots Bid 20 lots Ask 20 lot Result bearish move Not sure how some people find data hilarious. If these people had half a brain, they would have said “ All the data is of no help to a trader if they lack the capacity to ...

The brutal truth of day trading

Following on from my post about EURUSD its important to know this high density of limit orders that form a wall often are not executed and therefore not recorded as volume. So they can apply an incredible amount of liquidity to the market to block ...

The brutal truth of day trading

Hi Maverick The problem is of course no one knows where the orders originate from but looking at the futures markets, it becomes apparent that the bigger players place multiple orders all day long to suit their objectives. But without doubt, anyone ...

The brutal truth of day trading

Hi Maverick We can study the PA around the S/R levels but the brutal truth is price is like tennis ball in a grudge match between minor and major players. Once a minor player like a small banker makes a move, a major banker try’s to trap them into a ...

The brutal truth of day trading

Hi Techanalyst I never take the easy road in trading so other members shouldn’t take my advice if they are lazy. There is a wealth of live data available theses days to see when, where and which direction the big players are trading that is delayed ...

EURUSD

You forget there is many full time traders who are scalpers and never consider fundamentals. There is always markets within a market that allow profits for traders regardless of fundamentals.

EURUSD

Hi TraderTim I spend 5-6 hours every night studying the order flow books and their data - I just trade what I see without assumptions. Just my view for what's its worth. Looking at EURUSD (its futures market twin), I see about 1 to 2 extremely large ...

The brutal truth of day trading

I have worked with a team of 8 traders to develop Algorithm's over a four year period where we tested well over 50 different trading strategy's. We also had access to professional coders who maintain a Algorithm only prop firm in our city so we had ...

What's Your Opinion on EAs and How to Approach Them!

Seems traders like to believe deep analysis of the market is going to help them Guess an awful lot better than just trading the moment. Trading the moment without zero interest in past market activity outside the last few candles has now become an ...

In One Sentence - How Do You Trade?

Hi KeenPips My point is a trader in my opinion does not need preparation or extensive analysis of a chart to be profitable, they just need to watch and do nothing until they see the market change speed - which in data is a buy or sell order 300% + ...

In One Sentence - How Do You Trade?

Preparation is great if we are baking a cake, or painting a house. Clarity of market intention is just sitting there and doing absolutely NOTHING till we achieve visual enlightenment - that brief moment in time when your finger executes a trade ...

In One Sentence - How Do You Trade?