If your'e going to trade M1 reversals, its best to create an MA near its frequency, then add an ATR band to find trades. Its frequency is the point where 50% of the time price its bullish and 50% of the times price is bearish (Easily backtested by ...

M1 Countertrend Scalping Strategy

Hi Steve Maybe I could cheat and use a Volume Candle Stick chart (no indicators lol) to show us the important candles of the day without getting too over excited about price only. Last week, 80% of all large volume candles were RED, therefore a very ...

Cable Update (GBPUSD)

Hi Bilal Just having a conversation while there's nothing to trade. It's not an argument, it's just a different interpretation on how one should view indicators. What you may have missed is the ability to see the Algo's pushing or pulling orders ...

Cable Update (GBPUSD)

But price is only a Bid at price or a Ask at price that needs two Bids or two Ask's to move price. Price can't fill a gap unless someone enters the market with a market order. So how can price lead, it can't go anywhere until someone gets off their ...

Cable Update (GBPUSD)

Bookmap is quite popular with a few of my Future trading buddies so yes - give it a go. The real issue for you is this - Heatmaps are about trusting orders on the books and about following executed market orders as they become visible. You have to ...

Cable Update (GBPUSD)

Only if you believe price leads and orders follow. What if orders lead, then price is pushed or pulled as required to attract the required liquidity. Suddenly a few crutches may be essential because the truth is hidden above and below price.

Cable Update (GBPUSD)

Hi Bushy Don't you ever stop trading EURUSD or I will get really mad with you, it has a regular heart beat of 9 pips rotation and very safe to trade swings. Your 10% results are better than most professional traders make in a month - Great Result - ...

Forex intraday using the 5min chart: EURUSD

Hi Navk Why show your stats but cross out some key numbers. Why does it matter anyway. Almost no one has a prefect trading day anyway even if they achieve a nice profit

Cable Update (GBPUSD)

Hi Iddd 'There are like a million books on it. So many people still consistently blowing their accounts? They can’t be all that stupid.' What does myself and ryuryu say all the time?. They give you hundreds of tools and lessons to trade the markets ...

Majors Scalping

Hi Iddd OK, my data is around three years old so markets may have changed since which you are telling me it has indeed. I have run many EA's for years where I loved to build Bollinger Band Reversal systems. If you set the Bollinger Band to 40 and ...

Majors Scalping

They have you fooled, it actually works like a single exchange. For example, if Gold on Future spikes in volume and moves bullish, all gold markets from every single broker will follow a split second later. Some may play games and do something ...

(binned per thread starter's request) Volume in Forex

Yes But only US Majors and US Indices, Metals etc. Again, just because you see more buying volume doesn't mean shit - you need to see the reaction to liquidity to understand where direction is going. But as a guide on EURUSD (6E), follow any volume ...

(binned per thread starter's request) Volume in Forex

Its a Futures trading platform called Jigsaw, what you see is the Auction Vista on the left and DOM on the right. You can also create a similar look on Sierra Charts, Quantower or a few other Trading platforms as well but you need to have access to ...

Most volatile EU/GU/XAU/BTC trading

Zoltan is very experienced in fading the markets with the RSI indicator and one of the best traders I know. Its best to ask him about his strategy rather than me comment about it. Many experienced traders also fade the M1 chart using an ATR channel ...

M1 Countertrend Scalping Strategy

Delete the MA's, just run the RSI and wait for a fade. Stop averaging down but take a quick loss. Thats a better approach

M1 Countertrend Scalping Strategy

Hi Trading007 I build a similar EA where it traded on the M5 and take profit was just 7 points. I used the 200MA and traded it only when long when above MA or short below MA. What I found out is you have to use only a trending pairs like GBPUSD, ...

Majors Scalping

Why use Volume in trading? Buyers don't generally push markets up and Sellers don't generally pull markets down, the other force is in control 90% of the time. Liquidity Density is the primary factor in controlling market direction. Our only tool we ...

(binned per thread starter's request) Volume in Forex

if you trade US majors, you can get accurate volume data by using a MT4 indy called CluserDelta. It’s data that comes directly from Futures markets of the CME exchange. The data is about 0.4 of a second ahead of forex and seems to show it proceeds ...

(binned per thread starter's request) Volume in Forex

You may be totally correct, why keep painful memories that may create moments of self-doubt in your next trading session.

Most volatile EU/GU/XAU/BTC trading

I think the Cumulative Delta Indy is a very powerful weapon if used correctly by for the Orderflow trader. I can only tell you about my experiences in using this tool but (and its a big but) - Don't use it for direction, use it only for two reasons. ...

Most volatile EU/GU/XAU/BTC trading