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- RickM replied 10 hr ago
Hi Paul Not really, Rockypoints trading strategy is really good but its not similar in anyway. I spend many hours a week on a DOM trading US500 or Nasdaq Futures and what you see there is eye opening. Generally many traders enter positions by ...
- RickM replied 31 hr ago
Hi OutThere Looked at your private message and yours results look good, excellent work. Last time I looked I was on planet Earth so I thing we are breathing the same pollution crap air as well. I once traded a “NO stop” strategy and turned 3K into ...
- RickM replied 31 hr ago
Why are you afraid to take a stop loss? What’s a few pips here or there if you snag a 69 pip runner 20 minutes later. Meanwhile fearful thinking OutThere is still hoping for a miracle 1 hour later. A famous trading saying goes “why are you afraid of ...
- RickM replied 32 hr ago
But seriously OutThere Why don’t you do it tonight on a Demo account before moving to a live chart trading 0.01 lots so the risk of loss is only small. Pick a line in the sand which could be any moderate size MA you like and trade the any breakout ...
- RickM replied 33 hr ago
Hi Moneymaker If I gave 100 traders a profitable strategy, why is it only 10% of them become profitable. If you gave away your system to 100 traders, how many of them do you think would become profitable. Very few if any. Therefore it’s not the ...
- RickM replied 34 hr ago
Winning is all about Mindset. It starts with changing this. Be fearless when in profit and fearful when in draw down. If you can change your mindset to this thought process, you will be a bloody champion. Thats profitable trading in a nutshell, ...
- RickM replied 35 hr ago
Hi OutThere Will, I believe you have arrived at the most profitable trading strategy I use, seriously. Fear is your enemy, profitability is as easy as drawing a line in the sand, go short when it crosses it with a very tight stop and Zero profit ...
- RickM replied Mar 26, 2024
I would be BUYING - Its a trap. Those down moves are tricks to entice Sellers and there are many around at present. I've been Long since Friday and I'll hold firm with Stop at BE. No reason to do any different but wait to see if it runs this week. ...
- RickM replied Mar 26, 2024
Nobody knows where price is going, candles are there to fake us out when we are in profit or trick us before we enter. The easy way is to wait for extreme consolidation like in the chart above and trade the breakout with a tight stop - and stay in ...
- RickM replied Mar 8, 2024
Hi BestTraderEV On that GBPUSD chart of yours, my opinion is that entry was a valid setup but its 6 candles too early for confirmation trade for me that I would expect would achieve a higher probability setup. I see no reason why any trader should ...
- RickM replied Mar 6, 2024
Hi OutThere That indy isn't going to make you one dam cent, I am waiting for you to show us something decent to be honest. Personally I love indicators as they make trading far more interesting with some of them real dollar making machines. The ...
- RickM replied Feb 21, 2024
Best post in this thread
- RickM replied Feb 19, 2024
Easy Set up every market you want to trade and set it to the Weekly chart. Then place a ATR indicator on the bottom and wait for it to hit the lowest value it can and wait till it shows some upward movement. The biggest trend starts from a tight ...
- RickM replied Feb 19, 2024
Bitcoin isn't slowly down? Really The Volume is down 70% over the last 2 days - it's in a tight squeeze for now so wait for a high volume breakout. Hang on a minute, where's your Volume indicator?. Actually hold on I forgot your'e on Binance spot. ...
- RickM replied Feb 18, 2024
Hi Bateman You need access to volume data before you have any real chance of beating the FX Markets, therefore don't trade FX that hides Volume data. Its that easy. Instead, stick to Stocks, Crypto or Future Markets which does have Volume ...
- RickM replied Feb 10, 2024
Hi Waforex The Easy Money is made by being in a position before a stop cluster is trigged ahead of you. Stop clusters of course are not seen inside a Order book but can be guessed by most professionals due to this characteristic. In a Bullish move ...
- RickM replied Feb 5, 2024
Hi Warren Thats actually my strategy, trading market order trends that’s supported by strong liquidity in front of price hoping to catch a few stop loss clusters. Best markets to trade for stop runs are NQ, Gold and Oil Futures. The secret is to ...
- RickM replied Jan 25, 2024
Hi Giucca You would probably need to trade 3 separate $20K account with 3 different brokers to put $3K a month out of your trading. But I would use 3 separate strategy's between them, one would be swing trading, one would be scalping M5, one would ...
- RickM replied Jan 25, 2024
Hi Flipper On the first pattern you described on ES / SPY, the breakout is not caused by passive sellers switching sides but rather new passive sellers entering the order book creating a strong Ask imbalance. When this occurs on ES / SPY - HFT ...
- RickM replied Jan 24, 2024
Paper Trading is an excellent way of establishing a trading edge, don't let anyone give you some bullshit excuse where you need to feel emotions to be able to trade. The issue you have with studying Executed Market Orders / Limit Order book ...