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RickM replied Aug 21, 2021Hi Zoltan Thanks for your great series and sharing your thoughts on day tradings brutal truths. I have had the great pleasure of trading alongside you within the discord group almost every night for the past 16 months. Your single minded ...
My way to highway
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RickM replied Aug 21, 2021It all depends on what market we are trading, Stocks, Metals, Forex, Index's, Futures, two fly's leaving a wall etc. etc.
The brutal truth of day trading
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RickM replied Aug 20, 2021The facts comes from two brokers I have seen via published documents online. To be honest, forex factory members are not as easily fooled as some may think, if you want to find real suckers and gamblers, go to Cypto sites and forums.
The brutal truth of day trading
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RickM replied Aug 20, 2021Hi Wags This is just my opinion. When Buyers enter the market, we get two results. 1.. Positive delta if the buyers volume produces bullish delta bars with a bullish trend. 2.. Negative delta if the buyers volume produces a bullish delta bars but a ...
The brutal truth of day trading
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RickM replied Aug 20, 2021Please get the facts right. 25% of retail traders are profitable and the mix between day traders (hard to define) and swing traders etc. is about 50% 70% of trainee doctors fail to pass their exams or quit in their first year, does that mean there ...
The brutal truth of day trading
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RickM replied Aug 19, 2021It’s more profitable to trade data than it is to trade “real life things” which may or may not happen today. Why are you here, you don’t day trade?.
The brutal truth of day trading
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RickM replied Aug 19, 2021Peter I thought you put me on ignore?. As to your point, no one knows which way the market will move until Peter looks at yesterday’s chart and tells us what’s just happened.
The brutal truth of day trading
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RickM replied Aug 19, 2021Hi Wags For me its about the relationship between volume / delta and expansion. Is this additional volume from big players been used to accumulate one sided delta within a order block / grind or are they releasing one sided delta to create a large ...
The brutal truth of day trading
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RickM replied Aug 18, 2021Hi KK100 I mean why Darwin Ceo tells liquiduity providers want them give profitable traders sub account numbers to them. ? Think about that WHY ? Like you said, if a trader becomes too profitable, they may come to the attention of not only your ...
The brutal truth of day trading
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RickM replied Aug 18, 2021Hi KK100 I honestly find it better just to wait till liquidity is barren in either bids or asks as its hitting a cluster, then trying to gang up against the big players. I do think most traders here fall for the deep liquidity / bankers always in ...
The brutal truth of day trading
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RickM replied Aug 16, 2021For the record, BWillliams is now ignoring me. Good things come to people who put their head in the sand - He can’t hear me now ever though he asked me a question. Notice it happened the moment I questioned his commercial interests.
Flying Dutchman
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RickM replied Aug 16, 2021Looks like Jason deleted his post. He asks a question then decides to delete it minutes later. I am counting he has deleted at least six of his posts here today, without doubt a bored retiree. Why do I bother with BWilliams who isn’t brave enough to ...
Flying Dutchman
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RickM replied Aug 16, 2021Before I answer your post Jason, are you going to delete your this post again like you had on the three occasions today?. Is it worth my time to reply. Andy, BW likes to attack actual live traders with multiple posts before sneakily removing them ...
Flying Dutchman
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RickM replied Aug 16, 2021Hi BW The flipping off the delta is the start of the move officially. There is no or little draw down trading with the correct delta when it’s strong in volume, it’s spot on. The difference is you are guessing on turning points, I wait for ...
Flying Dutchman
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RickM replied Aug 16, 2021Hi GEfx Some need to get new glass prescriptions, very quickly.
Flying Dutchman
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RickM replied Aug 16, 2021Hi BW Don't disregard MT4 tick data. I study both futures volume data and spot tick data side by side and the tick data is still very useful. On M1, tick data shows us the activity occurring within a candle which often shows us the point where delta ...
The brutal truth of day trading
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RickM replied Aug 16, 2021In the time before NY close, I would have taken another 10 trades, closed for profits and shut up shop for the night. Then I would read a good book, watch a film but anything other than chart watching. Everyone is finished now as well except Zoltan ...
The brutal truth of day trading
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RickM replied Aug 16, 2021Hi Kette Totally a good approach and if we add some Volume data to hold us out till the Delta flips - we get a lot less draw down. Saying that, you took a great trade
Enjoy your profits
Cheers RickThe brutal truth of day trading
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RickM replied Aug 16, 2021Its still strongly Bullish delta, I have been trading with volume with a bias in the same direction - Long. Taken about six different longs, all brief trades but the profits tick over like money in the till. Cheers
The brutal truth of day trading
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RickM replied Aug 16, 2021Hi Scherzi EURUSD Looking at my chart, I took a trade a bit later when the Delta had flipped and price was turning bullish. I took three trades at the bottom for a rise in equity of 0.06%. Please note Futures EU6U21 (EURUSD) is a few pips out of ...
The brutal truth of day trading