I don't watch the spread. One of the brokers is fast, the other one is slow and my broker is between them. It is very difficult for me to explain what exactly I look for in the quote reading. All this happens at subconscious level. It is like ...

Following the big money

His trading style is similar, but he uses larger stops

Following the big money

If you have enough experience, the price is the best indicator and is leading all the others. Of course this requires a lot of screen time.

Following the big money

The stop of the last part of the position was hit. I'm waiting for the next set up.

Following the big money

Stop moved to +0.5 pips.

Following the big money

Short GBP/USd @ 200 EMA. Initial stop is 5 pips. I closed 2/3 of th eposition after 5+ minutes waiting for small profits. If the pair breaks below 20 and 50 EMA I'll move the stop to BE.

Following the big money

By tape reading I mean actually reading the quotes. As you can see I watch the quotes from 3 different brokers. I can't explain how exactly how I do this. It's just a lot of screen time and experience, but when the quotes stops at a support or ...

Following the big money

The correlation is one of my best filters for entry. I trade mostly EUR/USD and watch GBP/USD and one stock index (FTSE). Stock indices are highly correlated and I use FTSE because I trade mostly during the European session. Yes, I use to ...

Following the big money

diceman555, I also say "to feel the rhythm of the market". If learn to do this toy can trade almost every price swing.

Following the big money

That's what I'm talking about. By fine tuning the entries on 1M chart and tape reading, with proper position management, you can have great trades with very small risk.

Following the big money

I would like to explain more about the 1M charts and price action. The big money don't enter the forex market in one big order. The slippage for large amounts is huge. The last few years the volume of the forex market increased 3 times and the Asian ...

Following the big money

Impressive thread. His chart reading reminds me of that of Larry Williams. He also is using 2-3 bars set ups.

Following the big money

You are right, that is why I watch for support and resistance levels from 1H to daily charts. Tape reading and 1M charts are to fine tune the entries. You can't be sure that a big fund will begin to build a long position at 1.4120 for example. But ...

Following the big money

Hi Sutts, I draw my support and resistance lines in charts of 1H to daily, watch the PA on 15M and 5M, and my entries are based on 1M and tape reading. In a $4 trillion per day market if you don't follow the big money you are doomed. My spread is ...

Following the big money

Your horizontal lines mark major swing points on the chart but I don't know what J16 PA is. Can you explain?

Following the big money

Big guys always try to trick the small traders and almost never reverse the price moves with V tops or bottoms. One of their favorite patterns are 1-2-3 tops and bottoms. This example shoes how it can be traded. The good thing is that you enter the ...

Following the big money

I look for the right price action around the support and resitance levels. I can't explain exaclty what this means. It is like e puzzle. I'm watching the PA and looking for a specific picture and when all the parts fit I pull the rigger.

Following the big money

Hi Petar, You are absolutely right. Currency trading is about making money and the fundamentals are used only if necessary. It's all about order flows. If you go with the right ones you will be profitable. Your equation is very important but most of ...

Following the big money

I've missed this one because I don't trade usually after 10:00 London time. This was a sell opportunity below 1.4300. Round numbers are one of the best support or resistance levels because large orders are placed above or below them. This provides a ...

Following the big money

Not all of my positions are profitable. Sometimes the stop loss is reminding why I should use it. My last trade was stoped out but 5 pips loss is not a big deal.

Following the big money