I agree, everything we need is on M1. I can honestly say I haven't looked at higher time frames for months because for me, the higher times are noise. Who cares if the daily is trending, the action starts and ends on a single one minute candle.

Cable Update (GBPUSD)

Preparation is not required but clarity of market intention coupled with confident execution is essential. One time frame, One vision.

In One Sentence - How Do You Trade?

Hi aspik I don’t think anyone else can help you any more unless you explain your strategy. I understand you may not want to share it here so we are in a deadlock. I believe you need to trade less and only pick the best looking setups, leave the ...

Good strategy but something's wrong

Then how come you can't tell me what your sweet spot is for trading or what your bests days are. If you have spend 7 years on your strategy, why do you need our help. I 'm just curious

Good strategy but something's wrong

Hi TraderTim I totally agree with you, the order flow methods offers significant potential for the short term trader but the current educational material fails to identify the real key ingredient’s. I believe there is three ingredients we should be ...

The brutal truth of day trading

Hi cryptocrazy Here is my point and you missed it a well. They do not test in enough detail They do not understand that each pair has its own characteristics They do not understand the relationship between time frames and session times. They do not ...

Good strategy but something's wrong

Hi crypytocrazy Can I say this without targeting yourself but this really needs to be said. Many Manual traders are lazy moaning overly sensitive humans who have no idea what it takes to develop a profitable trading strategy. You guys need to sit ...

Good strategy but something's wrong

Hi aspik That’s a long trading day, most of that day is a waste of time. Please define what time you get most of your best trades. i.e. My best trades are at London open for one hour, London mid session, change over of London New York etc. The ...

Good strategy but something's wrong

I take 50 to 100 trades a day and I have no issues (the odd loss) because I demo traded the strategy via a EA on demo account for months, I also studied the historical data on many pairs for six months before I started so the question I need to ask ...

Good strategy but something's wrong

Yes, just trying to reinforce my point. Liquidity pools are a group of stop losses that tend to be grouped close together, like suburbs in a city. Herd behaviour by traders tends to make them all place their stop losses in the same levels, if there ...

The brutal truth of day trading

Hi Pumi I think there is a basic flaw traders fall into which newbies don't. You know that saying "beginners luck " when you often get a nice win at the start of your trading career and you go "Wow, this is easy". They look at the market with almost ...

The brutal truth of day trading

Hi TraderTim The basic data I use is sourced from CME using CQG data onto my futures platform - but traded on MT4 as I have spend 3 years developing my current systems which are not transferrable due to coding issues at present. Volume is actually a ...

The brutal truth of day trading

Hi Bubincka Yes, still trade it but with a few changes I won't give away. It still offers a nice return but it does run through periods of low return like all Algo's do. The biggest problem for me is the reduced leverage Australia brokers now offer, ...

The brutal truth of day trading

Hi Simnz Here is one of my strategies I used in one of my EA's that was based on a price action setup from a simple engulfing candle. But lets forget about the setup because I was looking to find a strategy that fitted in with liquidity indifference ...

The brutal truth of day trading

Hi GEfx Yes, most volume occurred during that NFP announcement and a few bars later. The liquidity wasn't any large single dump of Buys on the market but rather a machine gun attack on the market with multiple long orders. Several smaller ...

The brutal truth of day trading

Hi TraderTim Like Peter said, I am using data of Futures then applying a ratio figure to calculate the volume back on currency markets. Please read this post I placed a few days back in another thread. There is no APPARENT difference in the ratio of ...

The brutal truth of day trading

Hi TraderTim Data & that foul mouth Peter (his tantrums may hide some genius he has hidden in his little brain - pity he can't express himself without being so bloody rude). Lets look at EURUSD on Friday as a classic example. Looking at the data I ...

The brutal truth of day trading

Hi Maverick I wrote a lot of EA's a few years ago that tested different exit strategy's for standard price action setups. An example was say a Engulfing candle price action setup where I would enter on the close of that candle. I tried various exit ...

The brutal truth of day trading

Hi prozor7 I can tell you, its bullish. How do I know? Because I had a look and cheated. My point is there is a wealth of information on a chart and behind the chart, therefore we should use everything possible piece of data to determine whether ...

(binned per thread starter’s request) Trading with the Blues?

There is no real visible difference, bid for bid, ask or ask. If you spend 5 hours a night on the M1 chart watching every candle move and close like the mug your reading now does, you will see they move together in sync. The real question is what ...

Spot FX Vs Futures FX?