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- 2,502 Results (2,497 Replies, 5 Comments)
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RickM replied Oct 23, 2020If you are asking me whether anything is fake or a scam - only the notion that the Forex markets really has Deep liquidity and lets add the other story about big players along with your broker purposely running your stops. Those are all scams. The ...
has anyone EVER seen a successful trader/trading system?
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RickM replied Oct 23, 2020I trialled IC Markets a 1:25 demo account last night with a $10K balance to see how large my trade size could be and was very disappointed. All I could use was about 2 full lots and that was it. Since I normally put through in excess of 250 full ...
Breaking: Australian Parliament Passes Product Intervention
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RickM replied Oct 23, 2020You ask for proof - yet its in front of your eyes and you just haven't seen the reason why so many traders lose. I believe you have fallen for the biggest liar in our game so I will let you in a little secret. There is very little Liquidity in any ...
has anyone EVER seen a successful trader/trading system?
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RickM replied Oct 23, 2020Time to get your money out of those small time brokers before they go bust. The only advantage I see is they will have to stop preying in Aussie retail traders.
Breaking: Australian Parliament Passes Product Intervention
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RickM replied Oct 22, 2020This pretty will stops me trading a large portfolio of EA’s now. I will just have to cherry pick the best ones and cut the rest. The cheap money was always coming to an end.
Breaking: Australian Parliament Passes Product Intervention
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RickM replied Oct 22, 2020You are correct, no proof needed. Well almost, the markets are 95% random with the 5% of moves are tradable. If you wait for all the erratic moves to clear, you may find your edge. Lastly you ask for proof yet you haven’t bothered to do any hard ...
has anyone EVER seen a successful trader/trading system?
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RickM replied Oct 19, 2020Its going on a Bullish Liquidity Run, this will be worth selling soon.
Cable Update (GBPUSD)
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RickM replied Oct 18, 2020Hi Robinhood1 I am just trading the boundary of liquidity after realising the so called deep liquidity that is supposed to exist on a chart was all a big fat lie. Its actually very shallow and localised. Cheers
Daily Trading Ideas
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RickM replied Oct 18, 2020Hi Robinhood1 You beat the artificial intelligent (using your words) by scalping forex markets within the Thin Liquidity zone. When there is little liquidity close to the vacuum boundary, it / they can't trade against you. That's what I do every ...
Daily Trading Ideas
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RickM replied Oct 17, 2020Its not just big money earning money on those spikes, plenty of retail traders would have take profits near the end of those spikes and by luck, they would have profited. Not much skill but a tidy profit anyway. I am hoping for more the unsuspected ...
Cable Update (GBPUSD)
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RickM replied Oct 16, 2020Speed of the move was the issue, no platform can close a order that quick. Out of interst looking at live platforms I have on my computer, lets see how they performed on that GU spike. IC Markets MT4 Server 02 - showed 57 pip candle Axi-Trader MT4 ...
FTMO - For serious traders
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RickM replied Oct 16, 2020Hi Tradista I was trading on M1 around the time of that spike on two other broker platforms. The move took about 0.02 of a second to run 57 pips so it would have been impossible for any platform to close any trades during that split second. I hit ...
FTMO - For serious traders
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RickM replied Oct 16, 2020Hi AnRan This has got our of hand for some unknown reason. You may be correct and let me apologise if this conversation has gotten ugly. I write these on a iPhone during the day ( I trade nights) and yes sometimes I don’t read posts in detail. I ...
What I learned after losing $300,000 trading forex
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RickM replied Oct 16, 2020I trade an unbalanced move that may also be in a high liquidity zone as well. Its random totally. I don’t think any one cares who is making more - But where is your results to prove you do anyway. Still waiting your for your results
What I learned after losing $300,000 trading forex
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RickM replied Oct 15, 2020Unpredictability is random, thanks for confirming my point. I am not talking about your targets, just the random and erratic movement to get there which may be this afternoon or tomorrow or even next week. Or you would be making 100% a month which ...
What I learned after losing $300,000 trading forex
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RickM replied Oct 14, 2020Yes, I think you are correct there, small parts can be predicted. The rest however seems to be random unfortunately going by my data I use to trade with.
What I learned after losing $300,000 trading forex
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RickM replied Oct 14, 2020Sometimes, big players create patterns to entice traders to open up positions. Therefore is the pattern a result of herd behaviour or manipulation by big players. More often then not, its manipulation to destroy your position. Thousands of traders ...
What I learned after losing $300,000 trading forex
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RickM replied Oct 14, 2020So if price is going to hit a 200 EMA tonight, how will it get there. In one move, two pullbacks, three pullbacks. The action to get to a level is random and no one is sure. So the action to achieve a target is random
What I learned after losing $300,000 trading forex