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RickM replied Oct 10, 2021If only a EA could be by programmed to be as good as a talented trader. No chance unfortunately. They are inefficient and wasteful but at least they never break it’s owns rules. Sure you can build portfolios of EA’s and run different strategies ...
Method or Man?
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RickM replied Oct 7, 2021I would say neither, both work for swing trading. More to the point, I would decide on your preferred time frame you will be trading before you look at indicators. Then the choice comes between being a trend / breakout trader or a Exhaustion ...
Scalping Techniques That Work
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RickM replied Sep 24, 2021Well my time is important, whether I trade a demo account while testing a new strategy or trading it live - I have emotions both ways. Of course if you don’t value your time, go live and cross your fingers. Some people here forget there is a very ...
The brutal truth of day trading
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RickM replied Sep 21, 2021“Fuck, why didn’t I understand that one price action truth years ago, those thieves and scoundrels have been trying to hide it from me from the start”
Define a successful trader in 1 sentence
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RickM replied Sep 21, 2021And what is wrong with having strong emotions while trading?. Whether I laugh, cry, scream, shout, kick a hole in my trading den wall (one there from January), I embrace those emotions to make me a better trader. Trading makes me feel alive, I ...
The brutal truth of day trading
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RickM replied Sep 21, 2021Hi Mate Perhaps I may have seemed rude but hear me out for one minute. I know the following facts because I have developed EAs which required me to Demo test hundreds of trading strategy's on 7 laptops continuously over a 4 year period on 28 Forex ...
The brutal truth of day trading
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RickM replied Sep 21, 2021I’m thinking that post may be the winner of the stupidity award today. Wrong in so many ways, I don’t know where to start.
The brutal truth of day trading
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RickM replied Sep 20, 2021Hi Jazba It doesn’t work that way, volume can be bearish but if the limit orders are stacked bullish, up it goes. Buyers and sellers don’t decide on direction, it’s all about current liquidity density. Cumulative delta can help a bit, but you need ...
Scalping Techniques That Work
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RickM replied Sep 19, 2021Hi Simnz I think traders may not get the concept that large daily ADR can also mean bigger losses, not just bigger movements. The real issue in trading a market is whether the trader can trust the liquidity to be consistently predictable at breakout ...
Price action at the core = family members' discussion project
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RickM replied Sep 18, 2021Hi Antth One of the last times in 2020 when I spend a hour on Skype with George working on some money management ideas, he told me he had started the study the movement of GBPNZD and thought about adding it to his list of trading pairs. In the end, ...
Price action at the core = family members' discussion project
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RickM replied Sep 15, 2021Hi pipibrasci Nice description of a pathway a profitable trader follows. I do feel many profitable traders may still have a bad month a year due to ill described, so the odd dip below the line with a few holes in the trading room wall will be ...
The brutal truth of day trading
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RickM replied Sep 14, 2021Peter Pan- don’t forget you have me on ignore. Time for you to write some more crap, I need some humour before I start trading tonight.
"AUSSI" my thread and anything I want to put here
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RickM replied Sep 14, 2021Just more dribble from Peter Pan, don’t waste your time reading his inspired crap straight out of a brokers help sheet.
"AUSSI" my thread and anything I want to put here
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RickM replied Sep 14, 2021Hi trezo That is the problem, the true volumes are no where near what tick volume shows. You need to read futures volume and it will change your world for the better. What traders will see is market orders have no effect on direction unless they ...
vsa with Malcolm
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RickM replied Sep 12, 2021Hi Anotan I am a liquidity trader not a VSA trader so it’s best I don’t comment too much more. My comments were related to real live delta data and how it moved price in factual terms. That just means I hunt liquidity imbalances when Ask or bids ...
vsa with Malcolm
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RickM replied Sep 12, 2021Hi Paul I will just make one comment then disapear into the sunset because I changed my view 15 years ago on VSA - for the better as well. If we see a large bearish candle that shows a large tick value on a spot FXchart, I used to think in was ...
vsa with Malcolm
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RickM replied Sep 12, 2021Hi attique In the end, you were spot on with your comments about candle 5 being the reward if you are patience. The best move of that chart was in the wick of candle 5 - which clearly shows the biggest trades within the last few days occurred there. ...
vsa with Malcolm
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RickM replied Sep 11, 2021Hi attique I started trading VSA many years ago but I found a problem with the strategy after a few years. Too much works in hindsight but a lot less works on the actual right edge of the chart quite often. When I moved to Futures and had access to ...
vsa with Malcolm
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RickM replied Sep 11, 2021Why do you NEED to know what all the time frame are telling you, its all useless information. You trade one time frame, not 6 at the same time. Take one time frame and trade what you see there and don't try to find a bias from something your'e not ...
Cable Update (GBPUSD)
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RickM replied Sep 9, 2021Hi Emmanuel No, I haven’t traded with the BBMA system but to be honest, I do use a similar logic to that system already. I would increase the BB moving average and deviation settings (depending on timeframe) and just add Futures Volume & Delta ...
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