- Search Crypto Craft
- 2,502 Results (2,497 Replies, 5 Comments)
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RickM replied Jul 30, 2021Hi swd My forex broker is IC Markets so not sure that’s the case in reality. All I can tell you is what I see on my screen when I trade them side by side for around 5 hours a day. I must till you about a great gold trade I took about two months ago ...
EURUSD only
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RickM replied Jul 30, 2021It took out stops from a recent H4 stop cluster, then reversed as it does 95% of times. Then some big players sold hard destroying any trend lines that were decorating charts. My guess is there was stuff all liquidity above so it had to hunt buyers ...
EURUSD
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RickM replied Jul 30, 2021Pre - London open is the time they use to expand liquidity for a run. Which Way? edit. Moving North to test breakout traders. If the volume isn't there - its a big Bearish run. There was another sell on top of the next liquidity run, about 5 trades ...
EURUSD only
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RickM replied Jul 30, 2021Hi yvestrcz I watched a block being placed last night at 1.1885 which was seen on Futures as a continious order that was being controlled by their algo. It was seen about a minute before it approached that level, and when hit it was restocked always ...
EURUSD only
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RickM replied Jul 27, 2021Hi bilal If you are interested, jump into my own discord server one day and I can run over the live markets with you for a couple of hours during a active London session. We can study retail trades (Cumulative Delta), we can study liquidity ...
The brutal truth of day trading
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RickM replied Jul 27, 2021Hi Viktory I think he would be shocked if he sat next to me while I traded the EURUSD. I am talking about being shocked into how every single Futures imbalance reading is reflected in the price of Forex 0.5 seconds later. I think whe would also be ...
The brutal truth of day trading
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RickM replied Jul 27, 2021Hi gepards I don’t average down when I trade with Futures Data, that’s a quick way to a margin call. I am a manic hedger and will defend my position at all costs. I hedge both when in profit to defend against a liquidity spike and hedge when in draw ...
The brutal truth of day trading
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RickM replied Jul 27, 2021Hi ryuryu I think the problem with retail traders attempting to trade EA's is they optimize them on shocking bad combination of manipulated data and faulting testing platforms. The best method I have come accross is to download raw data off a ...
The brutal truth of day trading
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RickM replied Jul 27, 2021Hi Endoephemera They didn't on that recent visit to 1.17835 - they did nothing so they didn't absorb the Buyers orders. The order was missing on this recent visit. But as we speak, they have left a block on at 1.7889 and price is acculating just ...
EURUSD only
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RickM replied Jul 27, 2021The big players put a order block at 1.17835 on two ocassions. It was just a single continuous rolling order absorpting any long orders that came close. They wanted it bearish and I sold as well. It wasn't hidden and very visible on the books. I ...
EURUSD only
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RickM replied Jul 26, 2021No spread markets that have light volume zones due to order book imbalances - WE HAVE NEVER HAD IT SO GOOD
The brutal truth of day trading
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RickM replied Jul 26, 2021Hi FX Petra Great story and thanks for sharing it. Hope you continue your trading story for years to come. You talk about expensive trading costs but I don’t see it. Trading costs are very cheap these days with cheap leverage and spreads on my ...
The brutal truth of day trading
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RickM replied Jul 25, 2021Hi Don I think that’s where the use of the Footprint chart really starts to make sense of all the absorption, imbalance and delta levels we see in a totally visual package. While the Cum delta is bearish as the market is bullish, I expect to see ...
Discussions on Order Flow/Volume
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RickM replied Jul 25, 2021Day traders don't trade like that, we just aim for profit targets between 0.25% to 0.75%% every trading day. If we can achieve a draw down level less than our total profit level - we are happy. A wage is all a day trader desires - A rich lifestyle ...
The brutal truth of day trading
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RickM replied Jul 24, 2021Hi Bibal In many ways, I take similar trades as yourself using different tools. You have the knack of staying in for long periods which is a extremmely hard task to master which is my weakness. Looking at your charts, I suppose you weren't trading ...
1M Price Action System
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RickM replied Jul 24, 2021Hi Don One of the things I study every night on my Motive Wave order flow charts is the battle between passive limit orders and aggressive market orders. I see two conditions which I believe need to be traded in two separate methods. Without doubt, ...
Discussions on Order Flow/Volume
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RickM replied Jul 21, 2021Hi here2there I was trying to explain that the position size on entry is very important. We can’t time out entry’s perfectly most times, it can be a few pips too early or a few pips too late. 1.. If we are too early, we can add a tier two size trade ...
The brutal truth of day trading
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RickM replied Jul 21, 2021And unfortunately the brutal truth of day trading is you need to trade a large account. Without large capital, I think day trading is profitable but you will never earn enough to safety achieve a weekly wage.
The brutal truth of day trading
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RickM replied Jul 21, 2021Hi ric I think there is a component I would like to add here and is the most important factor in achieving profitability if you are a day trader. If you want to win every single day scalping the markets - you must master one aspect. Not technical’ ...
The brutal truth of day trading
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RickM replied Jul 20, 2021Hi Bilal I started trading liquidity imbalances five years ago after reading a random post by Emmanuel7788 on a Sunday morning. It was a simple post that stated a large percentage of wide ranging H4 bars cross a Monthly close line. Why would that ...
Flying Dutchman