Recent content by RickM

Motive Wave have a new phone app out shortly, worth seeing how they are going.

Hi Roller I am more of a short scalper but always looking for one great setup to stay in for a while. I trade off the DOM attacking resting orders in the books. I sit on a 3 second chart watching Bids & Asks to see which way to go while trying to front run HFT Algo's. Maybe I'm behind but...

Why do you want Algo's to trade for you ? You can't compete with professionals as your Algo will get slaughter generally. There are three ways to destroy retail traders. 1.. Take their Stops 2.. Talk them into trading Algo's. 3.. Talk them into trading funded accounts from Fake prop...

I trade like a Market Maker. When price moves away from its true value of its asset, traders will attempt to trap those traders by placing trades against that position in hope it will activate those traders stops. Those stops are a free move in favour of the experienced traders and therefore a...

What markets do you want to trade? How big is your account going to be? How many hours a day do you have free to study trading?

A price chart doesn't give us the full picture. PA may be showing Red candles but it may actually be more Buyers entering on the Order books thats bring price downwards. Buyers liquidity creates bearish markets, PA is totally bs.

I Of course daytrading is not doomed, Algo trading is actually wasteful and a terrible waste of a developers time. To get a Algo to a live chart takes 500 -2000 hours of testing and developing - then they mostly perform badly. It's just another retail trader's money pit.

I trade Futures in the evenings from a Brisbane Southside location, mostly ES. Been around long enough to know the pitfalls of trading

Well, I'm stiffing around some of those ETF's as well so will be interested to see what you like. I'll keep my ES stuff very quiet.

Price is moved by an Algorithm, not a human to entice traders to place a position. Then it looks to trap those same traders with skill no human could ever obtain. It’s very precise but uses a code that can be broken down to a few parameters.

It will take you five years if you work hard to become profitable trading Forex, do you have the energy. But first you have to throw away every trading book you have because they are all misleading. They set you up to believe the standard trading rules will make you a better trader when they...

Hi Vortextrader That is why 80% of EA traders are profitable, 80% of manual traders are unprofitable. Humans second guess every move we make, EA's just Execute.

Hi Steve If you are looking to trade Forex with indicators like Ichimoku, stick to Demo till you are profitable for three straight months. The truth is you probably won't be successful with indicators on Forex as it requires a decade of experience to understand price action first. I have never...

Manipulation is good because it can be understood and traded against. More the better

If you are looking to win trading patterns, you have only a small chance of being profitable. Price is structured when attacking Liquidity Pools, very precise. When it has consumed these large pools, it becomes random to encourage more traders to take positions. Understanding what price...