Hi Detector Lets look at data coming out of Chicago, see the different. If we think of liquidity as being fixed, not this deep pool of $$$ rubbish we are fed then we may start to understand. When volume spikes up, it is destroying just about every ...

Advanced volume trading

Hi Sniper Good point, these MA’s do cause price to react as well. Another good trading day yesterday wasn’t it, while other traders were on the turps, we were busy on the charts making pips. Cheers

Price action at the core = family members' discussion project

Hi unknown We actually can guess quite well if you research historical data on expansion levels of a pair going back a few years. The only issue is without knowing the current volume levels, we risk becoming trapped either wiithin a grind or miss ...

has anyone EVER seen a successful trader/trading system?

Hi Profitgrowth I like this post from by trading buddy Steve (robots4me) so I thought I would post it here as well. Hope Steve doesn't mind. @PeterCaleb -- you joined FF middle of last month and are already going on 200 posts. Since joining you post ...

Price action at the core = family members' discussion project

A footnote to my last post. In 1942, my grandfather was part of the home guard where they were left to protect my home town of Wellington. They had a group of 87 men, one gun with 5 bullets. But they had 86 broom sticks carved out to look like guns ...

Price action at the core = family members' discussion project

Giving live call gives the viewer a chance to understand the setup completely, without “I told you so” comments after the trade has completed. No one cares whether the trade has a win or loss outcome, just that the trader is prepared to stand up and ...

Price action at the core = family members' discussion project

Hi Peter As you have been here for a while and are now part of the furniture, we will find a way to get along with each other. Even George doesn’t seem concerned with your posts here because his thoughts on you are ”seems harmless enough” But there ...

Price action at the core = family members' discussion project

Peter, I can never work out whether your posts are Gold or Garbage, you probably think the same about my posts. But one thing we both agree about is Time based charts don't offer the trader the key to unlocking the secrets of trading the market. My ...

Price action at the core = family members' discussion project

Hi Peter Futures US data out of the Chicago Exchange. If we can see what is really occurring without all the smoke and mirrors from FAKE volume on the MT4 platform, we can learn to understand a few real truths about the markets we trade Rule 1 - ...

Price action at the core = family members' discussion project

Hi Fallinforex That first high which you marked as a X was a great set up to go short for a few pips. The reason was 3 candles before that high, volume tripled for only 1 candle before collapsing back to average volume. Without increasing volume, ...

Price action at the core = family members' discussion project

Hi Godrich At any one time, there is only a very limited amount of orders that sit on the market, enabling traders to be able to open up positions. Most liquidity being applied to the market during the day is aggressive market orders - in other ...

has anyone EVER seen a successful trader/trading system?

There may be volume to move price, the question is will it be buyers or sell orders creating this move. Let’s see when we get pass London open.

Cable Update (GBPUSD)

The TMA is the wrong tool for George’s methods, he must of realised this and started looking for other tools to identify exhaustion. He looked at waves and fibs to solve the headache of large draw downs when price bypasses one target and moves on to ...

Price action at the core = family members' discussion project

I notice Not-KPMG ignores 805 traders ha ha

Cable Update (GBPUSD)

No , breakouts collapse because if volume ceased to increase markedly, expansion cannot occur and therefore price retraces. This is a basic law of trading the markets , please don’t tell me you are not aware of this fact. Seriously you don’t know ...

Cable Update (GBPUSD)

Hi ZTrader Low liquidity means price cannot expand away from core density, therefore if you trade against a breakout, it will have no follow through orders to continue so it collapses. That’s easy money. It’s therefore a high probability trade to ...

Cable Update (GBPUSD)

No, not necessarily. I focus on trading in thin liquidity zones where price hits zero liquidity and therefore has to reverse. I would say patchy liquidity is good as price is always forced back to regions where high density of orders exists. ...

Cable Update (GBPUSD)

Hi ZTrader I like early January to be honest because lack of liquidity can offers some nice moves to trade against if you are a scalper. Only just stick to London session to avoid any Asia liquidity spikes that could be hard to escape without ...

Cable Update (GBPUSD)

Only in theory, but not in practice. I bet if a broker offered a Million dollars for any of their clients to attempt that feat, they would make a lot of money. As an example, I was in a Forex trading competition this year with a $10K prize offer to ...

You only need 10 trades to turn 1.000 to 1.000.000...

I don’t agree that having to put more money into your account is a bad thing. Lets be honest, how many newbies put $200 into a forex account after watching a online video and lose it within a few days. Where else in the world do you get such cheap ...

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