Leverage isn’t important for us, we just trade at a size to achieve a profit result between 0.02 to 0.08 of total equity, or more if we can crack it. We just need to ensure draw down keeps to low levels. Personally I trade with leverage 30:1, it’s ...

The brutal truth of day trading

Hi BWilliams ryuryu explained it very well, we are only concerned about draw down when we trade, I don’t think ryuryu, Zoltan and myself have ever once talked about win rates. Not once. My trading setups are designed to be precise and I never accept ...

The brutal truth of day trading

Hi GEfx This may explain why I have problems with slippage and widening spreads with brokers when I trade larger lot size. I trade Acute Liquidity Runs (ALR's) which are trades in areas of extremely low liquidity in either bids or asks. The larger ...

The brutal truth of day trading

Jason I will. But in short - only a fool thinks your broker will let you scalp on large trade sizes without slipping you unprofitably. They will delay execution, they will wider the spread You are a target if you become very profitable and those ...

The brutal truth of day trading

Hi STrading I think if you trade price action setups and price, I would agree with you. But what if we trade liquidity imbalances? You can't fail if you trade short when there is Zero Sellers on the books within usable spread reach. Now suddenly ...

The brutal truth of day trading

Silent is very golden

The brutal truth of day trading

Hi Timetells I think the bearish move down from the top last night was not repeated behaviour, it was obscene extreme volume by multiple big players at the same time. There was no way in hell anywhere enough liquidity in the market to support that ...

Flying Dutchman

We are trying to explain how we trade the market. I day trade EURUSD which means I must be flat with no positions open at the end of my trading session. That is true day trading in my opinion. How else can we discuss trading without talking about ...

The brutal truth of day trading

[/i] Specific to scalpers dreaming of trading for a wage. 50 trades on average a day. 50 x 260 trading days =13,000 trades a year. 13,000 x 30 years 390,000 trades in his trading for a living career. Maintained at 90% win rate. Does that sound ...

The brutal truth of day trading

Yes, I agree to buy at that level ( for me 1.1857) if it shows a bullish 3 bar reversal. But beware the massive Sell off this week

The brutal truth of day trading

But to add some of BWilliams magic to this thread, my guess he has a point marked on EURUSD at around 1.1857. I think he calls them value points or something. I call it a Vacuum point, George AUS would call it a Herd Mentality Line. Either way it’s ...

The brutal truth of day trading

[quote=Techanalyst;13653863] Hi Techanalyst For the big picture, you can see it in history like you said. But it’s possible to see the big players put up blocking orders, it’s possible to see the big players decrease liquidity on either the buyers ...

The brutal truth of day trading

Hi BWilliams If you aren’t going to lay your counts on the table, stop the bullshit. No more fairytales. No more “Algo’s rule the world” BS Tell us your exact realistic ideas on money management and your concepts. By all means hide some of your ...

The brutal truth of day trading

Hi BWilliams A good profitable trading strategy has nothing to do with “the setup” but more to do with money management. There is a correct trade size that should be used on any equity account, if we trade larger than this it becomes gambling. Our ...

The brutal truth of day trading

Hi Pumi The issue with volume is big players act like Ice Curling Players, they can make volume reading difficult at times to determine market direction. They sit in front of price then add massive liquidity to the market forcing it to halt and ...

The brutal truth of day trading

Hi Timetells EURUSD is my primary trading market I trade so let’s for fun post a few charts this week to see if we can spot some unusual activity occurring this week. The no spread cost of trading this pair makes trading Liquidity imbalances a very ...

Flying Dutchman

Hi Kette Well I am a fan of your work and enjoy your charts because you always give different perspectives on volume Cheers Rick

The brutal truth of day trading

Hi BWilliams I don't trade BTCUSD or have the data feeds set up on my platform at present so its hard for me to comment on that chart. But to answer your question on volume, we are dealing with the relationship of aggressive market orders feeding ...

The brutal truth of day trading

Hi BWilliams I looked at your trades you post earlier in the year (only a few examples to be fair) and I feel those mostly matched up with a Volume only strategy, not necessarily a Volume / Delta strategy. Many of the trades we take (that's my ...

The brutal truth of day trading

Hi Pumi Bots already are in control of the market and if you sat with me one night viewing a Futures chart, you can see them trade most nights. I think it’s important to know they only engage the market to trade direction of the market only and they ...

The brutal truth of day trading