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- 2,502 Results (2,497 Replies, 5 Comments)
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RickM replied Jun 1, 2020I developed a nice little indicator that gives me a single number based on my equation. It has alerts to tell me the boundary is close so i don't need to watch my charts all evening. The answer is the the limiting of expansion is calculated from the ...
Real or Algo
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RickM replied May 31, 2020Hi Nauxil You are very welcome, its important to study Georges work on momentum to get the clues on possible reversal points. I have just added an additional layer of targets on top of his work for my own benefit. We have to OWN our trading strategy ...
Real or Algo
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RickM replied May 31, 2020Hi Andy The whole point of my previous posts was to point out the current price action is telling us where the market may reverse. As price moves towards a target, we can gauge whether the current move is dense in aggressive market orders. These are ...
Real or Algo
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RickM replied May 30, 2020Hi Moodybot That AUDJPY is one of my pairs I trade, it trades really well during the Asia session of course. I just don't believe we should be trading on any other time frame other than M1 because the Algo limits price around order flow ONLY. Here ...
Real or Algo
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RickM replied May 30, 2020Hi STrading On the information I provide on that chart, you are 100% correct on trade 3 being a bad trade. The aggressive market orders were still too dense and the expansion of those three candles was only moderate. What I didn't explain however is ...
Real or Algo
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RickM replied May 30, 2020Hi Moodybot There is a few other clues we can use in determining if price will react at the next target and reverse. I believe we need to break down the target and describe what it actually is, a dense pool of PASSIVE limit orders that were placed ...
Real or Algo
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RickM replied May 22, 2020Hi JayBag I am opening up a "Scalping Thin Liquidity" thread here in Forex Factory sometime perhaps around August including a TE to show case what is possible when you trade with an unfair advantage. Then instead of comparing size of our dicks, we ...
EURUSD
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RickM replied May 22, 2020Hi JayBag Scalping does not turn traders into gamblers if they understand how the markets work. You just can't trade pullbacks or run with trends and hope to be a successful trader scalping the markets because these trades are all low probability ...
EURUSD
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RickM replied May 21, 2020Trade as many pairs as you need to earn a living, but you can make enough on 1 pair. The bigger question is how many pips do you need to earn a daily wage. My opinion is 30 pips is all you need and that’s easy on one pair if you know it like your ...
EURUSD
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RickM replied May 21, 2020Actually the lowest size spread helps but it’s not important, it’s about your skill and experience that enables profitability. I am in a forex trading competition at present where I have to use a certain broker to trade the comp account. I was ...
Best broker for 4-7pips scalping
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RickM replied May 19, 2020Map a boundary around order flow where the market orders seem to have no density and harvesting pips becomes a mechanical process with little risk and high rewards.
In One Sentence - How Do You Trade?
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RickM replied May 18, 2020The big players think long term but destroy retail traders short term.
Real or Algo
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RickM replied May 15, 2020Hi Traders Don't forget to watch the magic the Algo will show us soon Very soon
Real or Algo
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RickM replied May 15, 2020Hi GEfx The biggest issue in trading forex I believe is this. The setup we enter the market with may be valid for the following bar. All looks good then suddenly out of the blue comes some unexpected news that destroys our perfectly good setup and ...
Forex is random
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RickM replied May 15, 2020Of course markets are not random, someone has a purpose to push the trade button. We just don't know what that reason is - but the reason did exist.
Forex is random
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RickM replied May 15, 2020As I am not on my tick charts at present, I can't comment. However you are around the area I would expect to see the manipulation I talk about. Its just my opinion of course.
Forex is random
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RickM replied May 15, 2020Hi Diceman In a sense I feel you are correct except stop losses would be the bulk of the retail traders limit orders. The problem is the big players place our orders into the end of a queue rated by importance. When price rolls into a liquidity pool ...
Forex is random
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RickM replied May 15, 2020I would say experience with thousands of hours of chart time, especially on a 1 minute chart. Or you can start with a Market profile indicator. Visit the thread "Auction Market Theory and Market Profile"
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