Hi Maverick In short, the long candle that broke the target line had no buying interest and was very bearish (Volume 3 times average). On the next candle however, buyers did enter to stop the move but no signs of any bankers as the volume wasn't ...

The brutal truth of day trading

Hi Maverick Why not this? That may have been the plan to pull price back at the target line but the big players forgot to Buy. On the order flow charts looking at the Bids & Asks from GBPUSD futures charts, there were no buyers interested. There was ...

The brutal truth of day trading

Hi Dforant Don’t just sit there reading and placing smart comments - there is plenty of traders on FF who share their trading strategies. You now have the floor, tell us how you trade?

The brutal truth of day trading

The forex and metal markets has a frequency where 50% of times it’s either above the mid point or below the mid point. When there is only moderate volume, price never separates itself from the mid point by more than a few pips. Therefore separation ...

The brutal truth of day trading

Hi Stevepatt I was trading this pair on Friday night where I caught a couple of good trade setups which did return some nice profits - can I add my 2 seconds worth as it confirms your setups pretty closely. The big players as you know seem to apply ...

1M Price Action System

Hi GEfx The action on both EURUSD & GBPUSD was very powerful on Friday, there is lots that happened yesterday that's worth discussing. I'll drop you a link in a PM so we can compare notes. Cheers

The brutal truth of day trading

Hi Peter It gets down to money. There's plenty of paid data available for retail trader working from a home based business like myself but we can't afford it all. Also like you pointed out, I do need and therefore have a backup strategy without any ...

The brutal truth of day trading

I hate to say it but I think Peter may be right about some liquidity being put aside for other reasons. I see imbalance levels caused by lack of buyers or sellers turn the market. So when we get to a spot where exhaustion of either bids or asks ...

The brutal truth of day trading

Professional traders just get access to better market data, whether they make it work for them is another story

What I learned after losing $300,000 trading forex

So was I, and it’s predictive unlikely anything else available in your took box. As for not be able to use volume while trading a decentralised market, you only need to study parallel markets that run in sync.

The brutal truth of day trading

Hi Alphaomega Currency strength can be measured in data terms as the amount of volume required to move either the bids or asks to a state of imbalance without causing rejection. You also cannot determine currency strength unless you know how dense ...

The brutal truth of day trading

Hi Londonpips I agree with you that increasing volume is key in deciding when a good time to trade is. We shouldn’t however confuse large volume coming into the market as directional signals until we can establish a breakout has occurred with strong ...

The brutal truth of day trading

A few years ago I worked with a British mathematician on a problem to be able to break up the market into data that describes price as being either positive delta in a bullish move or negative delta in a bearish move. I wanted to be able to define ...

The brutal truth of day trading

Do you know how to establish the Market Frequency of Forex pairs? If you did, by using data, you would clearly see price only moves away from market frequency only if it has increasing delta to either the Bids or Asks. If this delta does not ...

The brutal truth of day trading

Hi viptrading It has nothing to do with low volatility, I don't think you understood what I mean by market frequency. On that Tokyo range, price only moved 6 pips from its frequency, that's not much interaction by a big player. What you pointed out ...

The brutal truth of day trading

Well Peter may laugh but I never would. There is free stuff on windows but I use Snagit for $70. It allows me to screen shot my trading activity’s, make small movies for forex factory and updates to my trading plan which runs over 50 pages. Cheers

The brutal truth of day trading

Hi viptrading Can I explain what information data has taught me - its just my opinion but data proves I am right. The market has a frequency where price rides the mid point of the wave when no pressure is being applied to the Bids or asks. It may go ...

The brutal truth of day trading

Hi Bakker Best you show us a chart or we have no idea what you are talking about. This thread lacks charts which may help mask some idiotic comments.

The brutal truth of day trading

If I was GeFX, I wouldn’t respond to Peter’s insults. There is no point wasting his time with Peter perfect.

The brutal truth of day trading

It is random for short periods where no one is applying pressure to the order book. Then the big players get control of the market providing market structure. Then they lose control during a period of a wide breakout move controlled by the herd. So ...

The brutal truth of day trading