- Search Metals Mine
- 2,502 Results (2,497 Replies, 5 Comments)
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RickM replied Jan 15, 2021Hi Dr Who The problem is we need to use Volume where we have access to real data in real time. I would argue it doesn't matter what exchange you follow, if big money gets dumped on the market in London, it will be followed in other exchanges. I ...
vsa with Malcolm
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RickM replied Jan 13, 2021As I am a scalper, I seek daily targets of between 0.5% to 1% of equity increase a day which is obtainable with medium risk. But if you ask me, it’s the wrong question. A better question is how much draw down do you accept in the task of obtaining ...
what is your optimal monthly growth in % you wish to have?
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RickM replied Jan 12, 2021Hi jmn5611 The ATR can tell us everything if we have a better source of volume and have access to delta values. We need to know if there is a battle occurring in a large wide ranging candle between buyers or sellers, or in a smaller candle, are we ...
What have you learned?
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RickM replied Jan 11, 2021Some of us that are technical traders don’t go please, or stupid enough to guess direction like fundamental traders do because they have no choice. Some technical traders like myself make money and wouldn’t even know if the pair was bullish or ...
Cable Update (GBPUSD)
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RickM replied Jan 10, 2021Hi HiddenGap Nice description of VSA and please let me explain a trade setup I took late last week. I always trade M1 looking for exhaustion but like to wait for Volume to tell me when to enter. We see this large red bearish volume candle which may ...
vsa with Malcolm
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RickM replied Jan 8, 2021Looking at the market volume over the last few weeks, the week preceding Christmas was the second busiest week of December, the first week of January was only just less than normal. Trading through the Christmas period is actually not bad. Better ...
Cable Update (GBPUSD)
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RickM replied Jan 3, 2021Here is an example between the paid volume data I get and Tick volume on MT4. I cannot say if any data we get is accurate, but we need to trust data we work with and the MT4 tick data is useless in my opinion. The blue line in the top chart is what ...
Advanced volume trading
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RickM replied Jan 3, 2021Hi FXsniper Big players can effect us the moment we enter a trade - its just our style to get in and out fast while the Buy or Sell delta is about to flip our way, or is moving our way. They say there is many ways to skin a cat, trading is no ...
Advanced volume trading
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RickM replied Jan 3, 2021Hi Kareem If 8% of the days Volume moved together at the same time, yes a group of traders would move the market. Of course, you couldn't get thousands of traders to act at the same time. The market is just a Auction so once all nearby Buys or Sells ...
Advanced volume trading
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RickM replied Jan 3, 2021Don't be too quick to comment on his post, you have overlooked one issue. 99.99% of all days liquidity is not on the chart right now. Most marker makers money is spread out over periods of the whole day or waiting for a chance to dump massive ...
Advanced volume trading
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RickM replied Jan 3, 2021Check out the thread "Advanced Volume Trading" where I posted two charts, the second chart should give you the idea how I trade. The concepts were developed from Georges TMA's which I later discarded. A thread will appear later this year.
Price action at the core = family members' discussion project
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RickM replied Jan 2, 2021I will consider that idea when my eyes start failing. But only after you agree to stop bloody editing every post. Your'e driving me crazy
Ha Ha - now I need to edit because you edited (God help me) I saw your post with the arrows, so you ...Advanced volume trading
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RickM replied Jan 2, 2021BWilliams Man there is so much stuff on your chart - hope you can see it clearly. My top chart (I have changed my settings for privacy) is all I have or need. No targets No fibs No ADR NO F...K nothing else Just a price channel created from ...
Advanced volume trading
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RickM replied Jan 2, 2021Hi BWilliam I am a manic scalper who loves to feel the market on the way down or way up. That means I like to trade the top of every spike on the way up or bottom of every spike on the way down on the M1 chart. If I don't take 100 trades a night - ...
Advanced volume trading
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RickM replied Jan 2, 2021Here is that 93% trade on EURUSD on Friday The key factor is knowing price cannot expand unless volume does as well. The only danger is a "slider" which is when price creeps up parallel to market frequency. Trading counter to the market direction is ...
Advanced volume trading
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RickM replied Jan 2, 2021Hi BWilliam Here's the thing and perhaps this chart will illustrate my point that current liquidity that rests on a chart is not very deep. When price moves to the top of the liquidity band, there is no more orders to Buy into. Almost zero. UNLESS ...
Advanced volume trading
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RickM replied Jan 2, 2021Hi Lekkim I also mainly counter trade against the market but it works best three ways. Only trading the M1 chart, 1.. Trade against low to average volume spikes 2.. Wait nil massive increasing volume collapses then trade against the move. 3.. Trade ...
Advanced volume trading
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RickM replied Jan 1, 2021Hi SLB So true. Sometimes we see this unique 3 bar Forex pattern at the top of a move as well - AUDUSD But volume will always shout at as us to pay attention. A full reversal on GBPUSD will often show a single candle on the M1 chart about 8-10 times ...
Advanced volume trading
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RickM replied Jan 1, 2021Increased Volume and Extreme expansion on the M1 Chart. I never leave M1 so its easy for me to spot. For example most moves on GBPUSD that show a single move / expansion move more than 34 Pips is likely a reversal point. Cheers
has anyone EVER seen a successful trader/trading system?