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RickM replied Sep 4, 2020Profitfarmer has created a great room where Scalpers, Swing traders can practise their trading skill during the London Session. You will hear live trade calls, strategy discussions and general trading talk in a pleasant environment without criticism ...
My way to highway
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RickM replied Sep 3, 2020I share my calls every day, up front within the trading room. If you want to learn how I trade and also see how some other good traders perform their craft - you know where to go. Previously you politely didn't accept our invitation, the doors still ...
Just learned about hedging, does anyone use it for scalping?
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RickM replied Sep 3, 2020You need to research how liquidity is affected by low volume orders that surround vacuums. All is not what it seems -
Just learned about hedging, does anyone use it for scalping?
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RickM replied Sep 3, 2020Hi BWilliam My strategy is to utilize Thin Liquidity issues seen on our brokers servers and use these vacuums to support my positions. I know that every meaningful order on a chart sits within a narrow price band averaging only about 30 pips for ...
Just learned about hedging, does anyone use it for scalping?
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RickM replied Sep 2, 2020I use hedging every day when scalping the M1 chart with good profitability. Quite simply, if I get a trade signal and enter, I know 85% of times it will move very quickly into profit to reach my profit targets. If price breaks the high or low of the ...
Just learned about hedging, does anyone use it for scalping?
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RickM replied Sep 1, 2020I wonder how many Neurosurgeon’s are earning a living in their profession after the first two years into their training period? I suggest you flip burgers in your local hamburger bar for the next 5 years while you learn the Trading game completely. ...
Why I've quit trading.... and maybe you should too.
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RickM replied Aug 31, 2020Scalping works if you trade against extreme moves on the M1 chart. Look at trading against the trend once confirmed with higher highs or lower lows. Some guys use the TMA indicator and others just go with the RSI. With pair selection, I recommend ...
Does a profitable scalping system exist?
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RickM replied Aug 28, 2020Hi LearnALot You have to be like CeeSo. You need to create a excel sheet and record every spike, every extreme TMA move in terms of pips movement, angle and width expansion and then calculate the average pip movement away from various reference ...
Real or Algo
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RickM replied Aug 26, 2020I don’t agree with 5. The market is not really unique and just repeats the same old shit every week because it’s traded by humans who seek comfort in constant repetition. Data proves it’s just the same swings, same fake outs, same manipulation, same ...
Trading Made Simple
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RickM replied Aug 26, 2020What you are looking at is the Algo limiting expansion, ensuring price is confined within a narrow price band to keep the spread size acceptable for all traders. Real or Algo? What’s your opinion
Real or Algo
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RickM replied Aug 26, 2020Hi IA As a stand alone tool to obtain signals for potential reversal, it is working out better than I thought possible for a basic indicator. You still need to match the MA to the core forex frequency of the pair but once you have established this ...
Real or Algo
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RickM replied Aug 25, 2020Not a bad idea at all trading against the trend. Just let it establish a direction first before trading against any extended movements in the same direction. That way you have thin liquidity protection your position. Cheers
What I learned after losing $300,000 trading forex
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RickM replied Aug 23, 2020Hi Hepsibah I had a play with that indicator from Mladen and it does help to see turning points on moves that travel at sharp angles. It does however not nail the expansion limit moves as it focusses on the angles rather than the expansion distance ...
Real or Algo
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RickM replied Aug 18, 2020If your are not in the market with an active trade, you can never make any pips.
What have you learned?
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RickM replied Aug 13, 2020Do you really think you can go on a chart, make a handful of nice trades then at the end of the week, collect your huge winnings. Who’s money do you really think you are getting your hands on - your brokers profits. Suddenly those nice spreads you ...
Why isn't everyone rich?
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RickM replied Aug 12, 2020Hi Dean While members here see and measure multiple waves as a series of movements that are directly related to each other, they may miss the obvious point. If the market is really the action of price hunting nearby liquidity pools, then it’s wild ...
Price action at the core = family members' discussion project
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RickM replied Aug 6, 2020There’s that bad attitude again. If you are a good scalper, please join us. You need to follow my history from earlier this week to get access. Then you can see what happened to prove my statement. Best of luck
What I learned after losing $300,000 trading forex
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RickM replied Aug 6, 2020Hi Genghistar I am just one trader in a group of excellent traders. Don’t focus on me, focus on the method we use to scalp the market for daily profits. Follow my recent history for entry. I am hoping I hear from LDFX during today’s London Session. ...
What I learned after losing $300,000 trading forex
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RickM replied Aug 6, 2020That can be arranged if you change your attitude and prepared to learn some new concepts. That means you will also have to try developing some new money management strategy’s that will test your believe’s about how the markets really work. There ...
What I learned after losing $300,000 trading forex
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RickM replied Aug 6, 2020Hi LDFX We are still waiting for your live trading calls in the trading room. Last night I placed 23 live calls on the thread with 100% success rate. So the question needs to be asked whether you have enough confidence in your trading calls to put ...
What I learned after losing $300,000 trading forex