Peter You do realise people are laughing at you behind your back. I actually feel sorry for you so please PM me if you need any support with your trading. Can I give you a little tip, calm down and take some big breaths before you place your next ...

The brutal truth of day trading

Peter I offered you the chance to trade with me to show you have I can trade against the small institutional traders and beat them at their own game. By waiting until they get cornered at the edge of thin liquidity cluster. But no you didn’t have ...

The brutal truth of day trading

Peter The truth is secondary to developing a work strategy that is profitable from YOUR theory’s. Whether your theory is correct and accurate is irrelevant - You trade your beliefs of the market - just as long as it pays who cares.

The brutal truth of day trading

Hi TraderTim The real reality of the market is the big players don’t trade much but hold 90% of liquidity for other financial purposes away from the trading market and therefore the liquidity does not sit on the chart. They control the market by ...

The brutal truth of day trading

There is no APPARENT difference in the ratio of volume on either spot fx or futures. If volume doubles on futures on any bar, the same increase in volume also seems to visually occur in spot fx. I look at absorption and imbalance signals on my ...

Spot FX Vs Futures FX?

If you have access to a futures and matching spot fx charts on separate computers, just trade off the futures data but take the actual trades on MT4. This way you will have access cheap leverage while enjoying the fruits of accessing the imbalance, ...

Spot FX Vs Futures FX?

I get your thinking but I am only looking to see if the M1 is bullish or bearish from day open. I don't look to see if the Daily is bullish or bearish and frankly don't care either. Yes I am a scalper who just believes that any trade lasting longer ...

Stop searching for the 'Holy Grail', work on yourself!

Peter Please stop this thinking stuff, I am laughing my head off and everyone is looking at me on the train like I am a mad man. “The thinker thinks like a non thinker” ha ha ha ha ha

The brutal truth of day trading

Not really, most stuff taught by brokers, educators is just incorrect and misleading. I spend the first 5 years of my time learning garage. How do I know if Peter’s stuff is diamonds or coal. How does anyone know there brokers material is great or ...

The brutal truth of day trading

Hi KeenPips When you drive, to you listen to today’s traffic alerts when driving to work, to avoid delays. Or do you follow last weeks traffic alerts and run late every day. We should just focus on the chart in front of us and let it till you which ...

Stop searching for the 'Holy Grail', work on yourself!

Hi Winston Trading trends is just trading liquidity until it becomes exhausted in either the Longs or shorts. Therefore a trend would be better explained as an event where increasing volume expands price till it eliminates one side of the order ...

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

Peter I have no doubt you have placed some good posts on Forex factory (I like 3 posts). I just believe most readers only want to focus about 30 seconds of their time on any post as no one wants to spend / waste more time because of fear. They fear ...

The brutal truth of day trading

Its a bit early to go short, volume is up with bullish delta - yet no real direction at present however. We have already had one false bullish breakout and I expect to place a long trade in the next hour. Lets see

Cable Update (GBPUSD)

You referred to ryuryu not bing loved as a child. You have obviously been out of the work force for a long time, it’s not acceptable these days to make personal comments like that here where some of us work.

The brutal truth of day trading

No you are wrong. There are plenty making money but very few here on Forex Factory are making enough to live off. Well OK, Digger made 20 million dollars a few days back between milking his cows and feeding his chooks before tea but that’s rare. ...

The brutal truth of day trading

Wasn’t loved as a child Peter, you have no idea about other peoples life’s and issues they may have faced as a child. My best friend was abused by his father and abandoned as a teenager and left to live on the streets. Just keep your smug little ...

The brutal truth of day trading

Let the real volume confirm direction, patterns won't cut it

Cable Update (GBPUSD)

Well that's why many traders lose, they presume. It could go up, it could go down - why don't we wait till volume confirms move either way.

Cable Update (GBPUSD)

Hi Guys I posted this on another thread but thought it would be of value to traders here. The Cable had very low volume last week and the major players had little interest in it till Friday. Most of their major traders occurred at the top of ...

Cable Update (GBPUSD)

The support line / target line was broken. It was close to destroying the pattern if Buyers had of entered early. As they entered late, the pattern was unbroken.

The brutal truth of day trading