That’s exactly why you must get out of the wrong reality/ trade as soon as possible, to protect our equity and prevent destructive thoughts from harming our trading careers. It’s worth monitoring your heart best during winning trades and losing ...

The brutal truth of day trading

I agree You either have a good trading edge using with an aggressive / patience mindset or you just look for psychology excuses as a reason why you failed. Sorry traders, if you lose its because you haven't yet found your trading edge. Your strategy ...

The brutal truth of day trading

Hi riclater I may get just 20% of my risk but I earn it in normally 5 minutes. So if I can do that 10 times a day for a year, thats 150% return in a year in increased equity. Where else in the financial world can you ever hope to receive 150% return ...

The brutal truth of day trading

Hi riclater I think 2% is madness. In day trading, if I trade my $100,000 account (I have three $50K accounts but only trading one at present), I would only risk $250 and I am out. To be honest I hedge but never more than 0.25%. Seriously the trades ...

The brutal truth of day trading

Hi BWilliams I was just bored which is the reason I replied, and I don’t have a dog I can walk. Yes 80% of my trades are winners earning me on average 1% a day increase in equity. But 20% of trades lose me about 0.50% of equity so that’s the issue. ...

The brutal truth of day trading

Mate, stop being so rude, and get your head out of your arse. You don’t need to be smart if you can access level 2 data, you just need experience and an aggressive mindset. There is 50 clear easy set up winnable trades a day on 3 or 4 pairs if you ...

The brutal truth of day trading

Hi ryuryu Don't get me started on Risk & Reward Ratios - a sure way to add to your brokers profits. I have three primary money management Rules - 1.. Don't entry a trade unless your likely of success is over 80% 2.. If its wrong, get the hell out. ...

The brutal truth of day trading

Hi Redeflect Can I tell you what I see when I study level 2 data. If there are more Long limit orders, prices goes bearish. If there are more Short limit orders, prices goes bullish. The only times more Buy limit orders creates a bullish move is at ...

The brutal truth of day trading

Hi Scherzi Patterns exist only in history, mainly because our human minds look for ways to make sense of the manic markets. We trade the future not the past so no patterns have yet to be created. We just trade probability’s and nothing else. Its a ...

The brutal truth of day trading

Hi Dave That was a debate we had for months after. We saw an immediate half a pip movement upwards as we all brought at the same time so we wanted to believe if was our group. Looking back at that test now, I believe you are totally correct and we ...

The brutal truth of day trading

ryuryu was just trying to avoid confusion, its a Volume only definition. If price is at a level and four orders come in of the same size, its a Bid imbalance if three of them are Sellers and one is a Buyer - price will go bearish. But its not so ...

The brutal truth of day trading

Hi BWilliams One day on a voice chat with George on Skype in May last year, I raised that point with him. I talked about how volume could just be that "special sauce". But you know George, he won't discuss / debate any other addition to his ...

The brutal truth of day trading

Hey BWilliams That Demarcation zone just looks like GeorgeAUS's - Herd Validation Zone to me. It works very well for him and I still have know idea to this day why George went rogue on Elliott Waves. Cheers

The brutal truth of day trading

The reason true volume is hidden from retail traders is they don’t want you to know the truth. To change direction of the market, you only need on average the equivalent of 8 average M1 bars in volume.to flip the dominance to buyers to sellers. ...

The brutal truth of day trading

Hi BWilliams That chart is history so of course we can see the Sellers were weak, but what about on live trading? The price was moving bullish but why? I can tell you the Sellers were not weak, their orders were coming through at about normal ...

The brutal truth of day trading

Hi BWilliams I think its wrong to say Buyers or Sellers are strong or weak, the strength of market order or sentiment doesn't decide direction of the market. As an example last night on EURUSD, one hour after London open, I can tell you the Buyers ...

The brutal truth of day trading

I have 11 EA’s still running on several pairs. Would you be so kind to borrow me your hammer so I can put myself out of my misery. They say the happiest day in a traders life is when they run their EA onto a live chart for the first time, then shut ...

The brutal truth of day trading

Hi BWilliams That scalp looked good to be, you should reconsider living dangerously. Here is your chart but for the record, here was the prefect trade you won't lose on. You need to take that first drop because the first lows gets the candy.

The brutal truth of day trading

Hi kK100 I have done that with a few buddies three years ago to prove liquidity is thin. We as a group brought AUDNZD a few minutes after day open and got a half a pip movement when the spread was large. Admittedly we loss our money on spread but we ...

The brutal truth of day trading

Hi BW There comes a time when all research is done, we have formed out beliefs about the market so we need to act. We need patience aggression to be profitable and we must have unbelievable faith in our trading methods. No doubts or excuses. No more ...

The brutal truth of day trading