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Most Volatile & Crazy Month? 6 replies

Anyone try using XAU/USD - XAU/EUR as proxy for EUR/USD? 4 replies

The most volatile pairs? 5 replies

the most volatile instrument 4 replies

Most volatile over the long term? 0 replies

Attachments: Most volatile EU/GU/XAU/BTC trading
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Most volatile EU/GU/XAU/BTC trading

Quoting MikeM
{quote} I just made this account recently to comment in this thread and I'm unable to PM as a new member yet, but I'll stick around. I've certainly run into a lot of that over the past year or so of trying to learn how this all works. It's actually how I ended up here. Tested all these different supposed methods based on indicators, "analysis", etc. None of it works of course, then you run into people charging hundreds of dollars for a "course" that to my understanding contains all the same, usually bad, information you can find for free. I've never paid, but from what I've seen and understand they really do just contain the same thing you'd find for free somewhere else, and of course not particularly useful information. Anytime I noticed anything did seem to have an effect, even if used incorrectly, or forced into some ineffective indicator strategy, it was always related to volume. Which is what got me looking into volume more specifically, and further past the Website/video guides into forum discussion to avoid more of the paid course advertising. You guys have created a really useful resource here even if there's quite a bit of information to take in. {quote} Thank you this actually clarifies a lot of small questions I had while going through the thread. I understood the points about tick, and Crypto data availability, but how exactly trading view data was used threw me off a bit. For now at least I plan to run with the most recommended and work with bybit/crypto in the free time I do have since I've already had an account with them for a while that I haven't used much.
I think that first of all you have to learn how market works.
To make this you have to forget all the forex bullshit around.
Next you have to learn what limit orders are. What orberbook is. And last but not the least is what market orders are. Because this is the key. The Key. Seriously. The KEY.

Only market orders move the market. There are no other power that moves it. Market moves not because of lines on the chart. Not because one moving average cross another. And not because RSI shows "oversold". Because it can't show it ever. It has no data for that.

Just realise that stops are market orders but you can't see it. They are hidden somewhere in the order book. And once one hit the market with market order it will try to fill it with nearest limit order matched. And also if it will trigger someone stop that stop will also hit the market with market order and it will look for nearest limit order to get filled too. That how it works.

And that's why only volume and orderflow matter. Of course you can use indicators as well. But as second and third confirmation only. Volume (orderlow) is the key.

P. S. And think about this: why most valued information like orderflow and volume are hidden on forex...
Observer effect
You also need to be able to work with information and immediately cut off the scam and lies.

For example, here I was banned for writing about the inadmissibility of advertising a scam.

But the author can now write nonsense without any problems. For example, here he believes that if a rectangle has a shadow, then there is an imbalance of volumes.
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that is, having zero data on trading volumes, he draws conclusions based on colored rectangles and shadows. It's beautiful and amazing in its idiocy.


And in this topic, a person seriously talks about hedge and averages. But he does not know the simplest averaging formula. Who would doubt it. Another professional trader and an incredible success.

I can go on indefinitely. There are thousands of such examples and a false impression is created that there are many ways to make money on the market without using any knowledge and skills. That it's all very simple, fun and easy. But this is not the case. Therefore, critical thinking is the key to success.
Observer effect
Without knowing if he's a scammer or not, what I don't understand about this guy:
Inserted Video

... Is: who on earth would spend so much time of his life recording so many hours of countless videos, if he was already a "billionaire trader"?
Charity? Then why charging $$$ for private "mentorship"? Because anyone's time is valuable? Then why doing it in the first place? Willingness to help?
But for money, when he's already "so rich" (the mentor of our mentors, lol)? And the circle goes on and on...

Of course he has never been "free" outside YT (the hook to privately sell): https://www.forexfactory.com/thread/...9#post14185959

Fucking OXYMORON! ¯\_(ツ)_/¯
Quoting ryuryu
{quote} I think that first of all you have to learn how market works. To make this you have to forget all the forex bullshit around. Next you have to learn what limit orders are. What orberbook is. And last but not the least is what market orders are. Because this is the key. The Key. Seriously. The KEY. Only market orders move the market. There are no other power that moves it. Market moves not because of lines on the chart. Not because one moving average cross another. And not because RSI shows "oversold". Because it can't show it ever. It has...


Thanks, I have picked up some of this throughout the thread. The P.S. is something I've seen you post before and is a very convincing point that really confirmed to me what I'd been seeing as far as volume being the only really reliable metric. But yours and Rick's recent replies have given me a good base to work from. I should have more time coming these next few weeks to really start applying. RickM's suggestion of what to watch (and only watch and analyze to start with) and sticking to one market. I'll consider to use some of that time to setup/run/familiarize myself with Quantower as from what I understand that platform does a good job of presenting this information (specifically in my case to start, crypto data from bybit), and I'll see what I can do. Hopefully I'll be able to report some interesting results in the coming weeks.
Quoting Viktor
Without knowing if he's a scammer or not, what I don't understand about this guy: https://www.youtube.com/watch?v=KrGTimL3YRQ ... Is: who on earth would spend so much time of his life recording so many hours of countless videos, if he was already a "billionaire trader"? Charity? Then why charging $$$ for private "mentorship"? Because anyone's time is valuable? Then why doing it in the first place? Willingness to help? But for money, when he's already "so rich" (the mentor of our mentors, lol)? And the circle goes on and on... Of course...
Btw, Andy https://www.forexfactory.com/thread/...0#post14186130:
Before his current YT channel, he already had hundreds of video hours too, as well as some blown DEMO track-records.
I've never seen recordings of $$$ trades. Lol, if anyone with such an EGO was legit, for sure would make his videos with LIVE trades developing in real-time (maybe with time-lapses), as part of his publicly fed pride, for his "legacy". Arrogance at least has to get backed to be credible!
What is volume in $ at futures market?
For example what is your average leverage you are using?
If 1x then yes, vol = vol. But if average is 5x, then in fact real money on the table are vol /5. On crypto market average leverage is about 20x.
So, I added few columns, like what is real $ vol for 5x, 10x, 25x, 50x and so on.

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If you want to trade 5x you need to check if the volume is enough good. I suggest to trade 1/10 of the volume per minute. For example if you want to trade 1000$ with 5x, then the 5x volume per minute must be > 10000$.
Observer effect
Have created new bot, will upload it to my github soon. I use multi-timeframe (1m and 5m), it checks for MA order and if ma order is good and ask > ema3 high both on 1m and 5m it will open the position. If take profit < ema6low of 5m it will add more to the position.
TP is a distance between ema6 high and ema6 low from 5m. Will add delta/vol checks too for better performance.

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Observer effect
I don't understand how this is possible. How can this even be?

Guy is asking this question on forum:

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And look, he is:

Joined Sep 2015 | Status: Learning Price Action & Discipline | 324 Posts

F^&*k
It is 2022, so he started 7 years ago. SEVEN YEARS AGO!
And how in seven years he could not understand that there is NO supply and demand in forex and that NO indicator will show it to him?!?

Nothing personal it is just an example. I just wonder HOW THE HECK this is possible?
Sometimes I think that I live in matrix and it has bugs. Because I can't really explain some things and people's behavior.
Observer effect
I was deciding where to write this post, and taking all things into consideration this is the most suitable thread.

After reading this thread, I get this opportunity to read the "other side" how THEY think that I finally understand why so many traders fail in trading Forex. And why so few find success in this business. The evidence is on this thread. I recommend to anyone new to trading, and those veteran traders who are still struggling to read the thread.
https://www.forexfactory.com/thread/...heres-the-edge
Topic : where's the edge?

I don't write anything more than just recommend to read this thread. Cheers.
Trade the value
Quoting BWilliam
I was deciding where to write this post, and taking all things into consideration this is the most suitable thread. After reading this thread, I get this opportunity to read the "other side" how THEY think that I finally understand why so many traders fail in trading Forex. And why so few find success in this business. The evidence is on this thread. I recommend to anyone new to trading, and those veteran traders who are still struggling to read the thread. https://www.forexfactory.com/thread/...heres-the-edge Topic : where's the...
Yes, you absolutely right. So many people fail because they are lazy degen gamblers.
For example I renamed that thread to "Stupid lazy degen gamblers with zero knowledge compete to see who lies the most". And the winner (as always) is TimeTells with his scam fancy lines drawings

To all:
Do not PM me. Read this first!
I'm not going to teach anyone. I will not give anyone my indicators or bots for free. There is not and will not be any free mentoring (as well as paid).
This topic is needed to find like-minded people. People who are able to learn something new. Those who are willing to invest their time and money in the development of algorithms.
Dreamers, gamblers, liars and line drawers can forget about this topic. Go post your scam elsewhere.
This thread is a filter. Also I have 2 discord groups. First is for everyone and second is for elite traders. To move to the second group, you need to invest something in a common cause.
Observer effect
Quoting BWilliam
I was deciding where to write this post,
Thanks BW...
BN
demand supply.
we all believe this, looking for these levels where this happens.
your strategy is not the only one that looks for them. there are other hidden methods that look for them.

delta is not the only method.
Quoting tiborf71
demand supply. we all believe this, looking for these levels where this happens. your strategy is not the only one that looks for them. there are other hidden methods that look for them. delta is not the only method.
Supply and demand is just liquidity pools sitting in a market but where are they really?.

Here we use volume data to see where these orders are actually sitting on the Order books. We can also see Iceberg orders, order sproofing and the nasty HFT algos doing there thing buzzing around liquidity at the edge of the spread. This gives us a slight edge to know where REAL orders sit, but its still up to the trader to turn this information into hard cash of course.

Some supply & demand traders often just use lines to try and spot them - thats just guess work

Not saying your'e not succesful doing it this way, maybe you would like to share your methods here.


PS. Its not about Delta - its about trading WITH aggressive market orders
Trading thin liquidity at the boundary of the charts
Quoting RickM
{quote} Supply and demand is just liquidity pools sitting in a market but where are they really?. Here we use volume data to see where these orders are actually sitting on the Order books. We can also see Iceberg orders, order sproofing and the nasty HFT algos doing there thing buzzing around liquidity at the edge of the spread. This gives us a slight edge to know where REAL orders sit, but its still up to the trader to turn this information into hard cash of course. Some supply & demand traders often just use lines to try and spot them - thats...
I think if user registered in 2011 and after 11 years of "trading" still thinks that there are supply and demand on forex then... then there is nothing to discuss Let him go in his wonderland.

But yes, agree, let's kindly ask successful trader how the heck he is trading (in fact not interested to hear same blah-blah-blah for million time).

Now seriously about trading "method".

First, I check the volume. For example today was pretty calm day and there were no opportunity. It was hard and risky to trade. So there were no trades for me.
And late evening this happened:

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As you see there are at least 3 coins with > than 0.25% take profit and volume >200000$ per minute.

So, why not to trade a little?

Warming up the bot, and go!

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And, it is +8.03% today from 4 pairs, 3 hours of trading.

But hey, who cares about volume if you are trading on demo forex haha
Observer effect
Quoting Viktor
Without knowing if he's a scammer or not, what I don't understand about this guy: https://www.youtube.com/watch?v=KrGTimL3YRQ ... Is: who on earth would spend so much time of his life recording so many hours of countless videos, if he was already a "billionaire trader"? Charity? Then why charging $$$ for private "mentorship"? Because anyone's time is valuable? Then why doing it in the first place? Willingness to help? But for money, when he's already "so rich" (the mentor of our mentors, lol)? And the circle goes on and on... Of course...
Any work and experience should be paid, especially on such a scale as ICT. His course, which he showed, is something incredible. And he is far from a fraud )
Quoting ryuryu
Good news. 1. Now I can take live data from tradingview. So I can create the same dashboard like for crypto, but for forex. Also I can get data from CME {image} {image} 2. I have create "beautiful number"/round number bot for btc and alts {image} it checks where price came from - from top or from the bottom and then if some number found - it send signal to the telegram channel number like {image} I have found some research about numbers and took data from it works great in fact, especially if 4 in a row for example that 133 was here: {image}
Hi

Have you finished developing dashboard ? I am very much interested about XAUUSD volume. There is no doubt that volume is king but it is not easy to use volume effectively in trading. Most future exchanges do not offer services in Canada due to strict regulations so I have no choice other than to stay with forex. In last 8 months , My total profit of 8 months is only 29%. I know that there is great potential of improvement in return percentages by using volume. It will be really appreciated if you give me opportunity to get access to above mentioned dashboard.

Thanks
Love for all; Hatred for none.
Quoting aahmad29
{quote} Hi Have you finished developing dashboard ? I am very much interested about XAUUSD volume. There is no doubt that volume is king but it is not easy to use volume effectively in trading. Most future exchanges do not offer services in Canada due to strict regulations so I have no choice other than to stay with forex. In last 8 months , My total profit of 8 months is only 29%. I know that there is great potential of improvement in return percentages by using volume. It will be really appreciated if you give me opportunity to get access to above...
Now I can have live data from tradingview (any asset listed on tradingview), but there are no vol data.
Also I can get historical data from FXCM (https://fxcmpy.tpq.io/00_quick_start.html), but there are no vol data too (there are tick vol data, that is a garbage)

So in my dashboard I can only check distance, MA order and any indicator you want.
Observer effect
Quoting ryuryu
{quote} Now I can have live data from tradingview (any asset listed on tradingview), but there are no vol data. Also I can get historical data from FXCM (https://fxcmpy.tpq.io/00_quick_start.html), but there are no vol data too (there are tick vol data, that is a garbage) So in my dashboard I can only check distance, MA order and any indicator you want.
Thanks for quick reply.
Is MA order and distance is sufficient or you combine something else with it? Or do you advise to add some other indicator with it to use dashboard effectively?
Love for all; Hatred for none.
Quoting aahmad29
{quote} Thanks for quick reply. Is MA order and distance is sufficient or you combine something else with it? Or do you advise to add some other indicator with it to use dashboard effectively?
Ma order and distance is enough for me. It say "do not trade on forex the distance is too low, the risk is too high if compare with crypto"

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doge is 4.5m$ per minute

crazy

I made +5641% on DOGE today
it was 7.38$, now it is 416$

small acc to test the bots, hehe

and +98% on XRP
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Observer effect
Quoting ryuryu
Hola people! The world is on fire and it is a good time for scammers to try to take your attention and time. Please DO NOT BELIEVE anyone who is trading only using the free indicators brokers allow us to use. It is SCAM. It is NOT POSSIBLE to trade with profit using 999 versions how to average open, high, close and low. NOT POSSIBLE. Write that statement down, read it, re-read it. Read it every day. The only chance to win is to be FASTER and SMARTER than the crowd. Here the good advice is... I call it "DO NOT" advice....
Hey RYURYU! I am wondering if you would be willing to message 1 on 1 with me as I have questions on how you trade? We could chat or do a phone call if that works for you! thanks again
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