Yes, I always use very low lot sizes much lower than 1% normally.

The brutal truth of day trading

When EUR-AUD is not rising while EURUSD is moving up and AUDUSD is moving down, for instance, it responds also to the necessity of avoiding triangular arbitrage. EUR-AUD is what I call a bridge (I don't know if it has a standard name) that connects ...

The brutal truth of day trading

I was talking about being concise. I mean, focusing on correlation is not enough. Focusing on pinbars is not. "correlation may be useful", "pinbars may be useful". Yeah, I agree, but it is not trading. I gave this concise picture or EU before it ...

The brutal truth of day trading

Most of what is told in the public arena is bs. See these two pairs. Anyone believing correlation matters must be completely paralized. image GU moving down, EU moving up!! Financial markets are multidimensional, even time is multidimensional and ...

The brutal truth of day trading

While working as a software engineer we used to perform peer reviews.I was trying in the past peer trading, but no one showed the consistency for joining the session on a regular basis. People only shared setups after they were already in profit if ...

The brutal truth of day trading

I think that it is not only either a matter of absoluter or relative pips or money in terms of a static picture. One needs certain consistency and repetition. The key is when one finds a repetitive event in markets, when you can visualize it clearly ...

The brutal truth of day trading

[quote=Omexes;13665152]For a long time I was looking for the best method to be profitable in the markets. I found out that every trader has their own flow of how they trade the market. Some only use indicators, some a combination of both, and some ...

Market Structure Only- keep your charts clean

These are terrible news. I hope you can recover as soon as possible.

Market Structure Only- keep your charts clean

I will check it, thanks.

The brutal truth of day trading

Be careful with this last upper break. News in two mintues. image Boom. image

Market Structure Only- keep your charts clean

How is it possible not a single drawdown? Are the trades open yet? I know the question is maybe too personal, so no issues if you wish not to answer it. Regards.

The brutal truth of day trading

Today we have news at 8:30 EST time. Patience. I missed one trade today because I was expecting price to move lower and ignored any other signal. The second one was missed because I had an issue with my Internet connection when I clicked the sell ...

Market Structure Only- keep your charts clean

While deciding whether to sell or not a retest, one can track a change in the momentum on lower timeframes. image In any case, the tf being traded is M5, therefore any lower tf is not important in terms of structure.

Market Structure Only- keep your charts clean

I repeat. The test completely failed. Tom is wrong as per the test. Please do not use my posts to advertise other stuff not related like the breakout strategy. The test failed, the test failed. Tom was wrong as per the test results. Please, do not ...

Opening price US30

The spread on ICM for Bitcoin I think it is excessive. And ICM will probably charge overnight swaps. Maybe you can also consider trading on an exchange or similar real bitcoins through spot accounts instead of CFDs or margin-based trading (that is ...

The brutal truth of day trading

Possible channel in progress. image

Market Structure Only- keep your charts clean

Sure, just gave a few tips because you suggested you were struggling about it. The fact is that since you also trade M5 and similar tfs you do not need it. These type of trades make more sense when you take less than one trade per day or so. Only if ...

Market Structure Only- keep your charts clean

The prices are seeking liquidity above that consolidation most likely. The problem is identifying the structure that will offer a sufficient RRR after that second leg when prices are already high. But I would also buy as long as I find a good ...

Market Structure Only- keep your charts clean

The prices are seeking liquidity above that consolidation most likely. The problem is identifying the structure that will offer a sufficient RRR after that second leg when prices are already high. But I would also buy as long as I find a good ...

Market Structure Only- keep your charts clean

The problem is also working with a fixed structure in mind. We need to allow markets to generate random swings and time cycles and let ourselves concentrate in the global state of markets. Having a clear idea of where we want to go, the way we reach ...

The Brutal Truth of Trading