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RickM replied May 20, 2018Why would a profitable forex trader sit down and give his/her advice? Its taken years to become successful and why would I/they want to pass on my/their knowledge to someone who is looking for a shortcut? Two Reasons 1: Because your angry at the ...
Should I quit trading forex?
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RickM replied May 20, 2018You need to find one good profitable Forex trader, sit down with him / her and just ask some questions. You may find the answer there. Also forget using Indicators in Forex trading, brokers like to fill their platforms full of these useless junk to ...
Should I quit trading forex?
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RickM replied May 19, 2018If you put your stop in a area of high liquidity, you deserve to get your stop loss taken. What do most traders do when they see a pinbar, they sell then place a stop loss above the bar. So now we have 2 thousand traders placing there stops here. Is ...
forex tip - Don't use a fixed stoploss brokers can target
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RickM replied May 14, 2018EURNZD - M5 Tonight's trade taken at Demand on Breakout. This is a Nice trend with no signs of stopping yet.
Strat's PASR Long Term, Stress Free Trading
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RickM replied May 13, 2018Still selling the NZDUSD - I wouldn't think about buying this pair until it crosses the H4 60 EMA
NZD/USD
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RickM replied May 13, 2018I can't see any point trading this at present. It failed to take out the Major higher high so I will just see where it goes.
USD/JPY Discussion
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RickM replied May 6, 2018I wouldn't place a trade till we have clear direction. When it does move with intend, there will be easy pips. It is stuck in a Consolidation gathering energy for a big move soon. Watch London open 1 hour in to get a sense of direction. Then wait to ...
USD/CAD
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RickM replied May 6, 2018Hi Sesamstrasse Its caught in a massive consolidation zone at present so a move either way will offer a great reward. It will be interesting to see where the market is going this week.
Hero for the coming week
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RickM replied May 6, 2018Hi Jordi I must admit that line was probably out of place, sorry. My comment is in regard to so much information been laid out on your charts. I dropped the use of trendlines / reaction lines years ago because they cluttered up my charts too much ...
NZD/USD
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RickM replied May 6, 2018Hi Khat Sorry for jumping in but if I can throw my two cents in - Trading is only about Liquidity of orders, Imagine a ball ( price action ) rolling on a trampoline where a heavy weight is placed at one side of the mat. Where does the market roll ?. ...
EUR/GBP Trading Room
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RickM replied May 6, 2018You are a brave trader if you trade the 1 hour chart, it should be locked away. You cannot determine what is a trend and what is a pump, it must be hardest time frame to trade. If we know how to determine a trend, the flow of price action is best ...
EUR/GBP Trading Room
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RickM replied May 6, 2018For me, its a Buy on Monday provided it breaks .7560 pass the last Higher High. It will be a Demand Buy here with a nice Trend developing on H4. I don't set a target until I see consolidation around a monthly close line. I will just keep on buying ...
AUD/USD
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RickM replied May 6, 2018Trading can be simple if we don't put to many bloody lines on our charts. A H4 trend has developed but its very early to call till London open. I will place a Buy Stop Limit order at Demand around .7050 A safer option would be wait for the next ...
NZD/USD
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RickM replied May 6, 2018Looks like still a Short till we get a Higher high & a Higher Low on the H4. We have hit a monthly line so Consolidation is a good bet.
Cable Update (GBPUSD)
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RickM replied Apr 29, 2018Yes it’s looks bullish but Friday’s candles could be influenced by the end of the monthly candle close on Monday. I will sit out Monday and wait for London open on Tuesday.
Trading Made Simple
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RickM replied Apr 29, 2018Another way to look at order flow is to place a higher high, higher low indicator on a chart to FOCUS your trend flow movement on a chart. TDI dropped 14 months ago. Order flow and monthly close lines good target for me.
Trading Made Simple
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RickM replied Apr 26, 2018Hi Onejester Since you like the work from Divergence and Cable Guy, you are following the wrong thread here. I suggest you spend time on Strats stress free thread where you can learn the basic of price action movement and understand how Divergence ...
Trading Made Simple
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RickM replied Apr 23, 2018Hi Steve This is space where I have ended up trading. The order flow of price action becomes so logical, it makes you wonder why it takes you so long to find out this truth. I find the H4 and M5 shows great flow, the Tick 400 & 133 even better. The ...
Trading Made Simple
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RickM replied Apr 23, 2018Hey Malony Please share your trading ideas here and be useful for a change
Trading Made Simple