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RickM replied Feb 23, 2019Sell SELL SELL Its just a reload of the same trap the MM's created last week in making retail traders BELIEVE the market was Bullish. Expect a spike up and another Dump. I have one Sell trade on the books and two more ready to go. They will again ...
Cable Update (GBPUSD)
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RickM replied Feb 23, 2019Hi Sckt Its a game that is controlled by the Big Players, nobody else has any bearing. You need to learn how they make money first. Look at Friday's GBPUSD movement, what do you see ? The chart shows how they made their money on that day. All I had ...
8 Years Later - Still Not Winning
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RickM replied Feb 22, 2019Wasn't that a bit of fun George, I took 90 Pips on GU and 40 on GJ Trades were taken from below my target Zone but didn't reach my Target Goal yet. The price action suggested to me to take the pips and go to bed. Regards Rick
Price action at the core / tma intra day
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RickM replied Feb 22, 2019Is it just me or can you smell the FEAR in the eyes of all those traders who were holding Longs and their stops below that RESISTANCE on GBPUSD Correction - George told me not to use that R word for a good reason. Resistance is just smoke and ...
Price action at the core / tma intra day
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RickM replied Feb 22, 2019Hi George The Daily range on GBPUSD is Tiny today, just 43 pips where it normally hits around 120 pips by the end of the day. That means we have 70 Pips missing. I wonder if New York traders will show them to us tonight - Regards Rick
Price action at the core / tma intra day
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RickM replied Feb 22, 2019THEY SHOULD BE ,,,,,, FEELING ,,,,, THE INSTRUCTIONS ! ! ! ! ! Should we also be feeling for extension of unopened orders. Where will the MM do his work when he hits this void of nothingness. Will he send the price up to finish his work before ...
Price action at the core / tma intra day
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RickM replied Feb 21, 2019In my tests, profit factor is only around 1.18-1.22. Its not worth the effort.
Trading Made Simple
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RickM replied Feb 21, 2019Just some more pips on a nice London session. I am only taking these trades and a few more lovely winners on the move into my pressure zone but importantly, a area of unopened orders / stops as indicated by the M15 candle Wicks. This is my view ...
Price action at the core / tma intra day
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RickM replied Feb 20, 2019Hi Bushy I feel it well continue upwards for the orders in those wicks before perhaps moving down for those orders at the bottom. Without knowing how George trades exactly, I am just trading how I think it works. I would have brought right after ...
Price action at the core / tma intra day
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RickM replied Feb 20, 2019This is a Short on EURUSD M1 where I took my target to enter a Short from the M15 Chart. This was the top area where the probability of unopened orders may sit. Then I set my take profit from the M15 chart at a area of possible unopened orders ...
Price action at the core / tma intra day
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RickM replied Feb 18, 2019Well my first pressure point trades so I will take the 10 pips on GU to go with 15 pips on GJ. It looks like I should of been patience and taken 50-60 pips with three trades on each but its my first trade with this strategy. I just need to develop ...
Price action at the core / tma intra day
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RickM replied Feb 17, 2019His chart tells me he is a tool for the big players. The herd is going to buy and they will be over confident and add to their positions. It’s a trap. Just how many stop loss orders do you think they are going to place on the market below the price.
Price action at the core / tma intra day
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RickM replied Feb 17, 2019Be careful here Dicoj.... it’s uptown shopping for down town business. The game in that EU move is to set up stops where your move is and then run it down hard. Take a quick penny and get out. Please don’t trade like you find on any search engine, ...
Price action at the core / tma intra day
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RickM replied Feb 17, 2019Price has returned to base, no movement here to get our teeth into
Price action at the core / tma intra day
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RickM replied Feb 17, 2019No, I should of said look at both September and Octobers Monthly Candles. In September 2016, it basically never moved for a whole month from this zone before finally dropping at the start of October 2016. But look at the bigger picture, 11 monthly ...
EURUSD only
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RickM replied Feb 17, 2019Maybe short term depending on the US dollar, but check out my next post.
EURUSD only
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RickM replied Feb 16, 2019All good Techanalyst Price is moved for a reason. All the big players know where it is going. We do as well if we aim to swing between monthly candles because the Big players control the direction without doubt. However I do agree that Daily Candle ...
EURUSD only
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RickM replied Feb 16, 2019Hi George I really can't disagreed too much with anything you have said to date. I also agree resistance, supply and demand and trends don't exist. In my world its just price moving from Liquidity pool to Liquidity pool caused by Herd Behaviour and ...
Price action at the core / tma intra day
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RickM replied Feb 16, 2019Hi Techanalyst I am talking about previous history of hundreds of millions of dollars of orders being opened or closed at this point in October and November last year. It is the opening and closing point of the Bankers Candle ( Monthly Candles ). I ...
EURUSD only
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RickM replied Feb 16, 2019The Bear run is done, the only Target I can see is around 1.325 and it may sit in that zone all week. Until we see a clear Two Bull Candles moving away from the BAR, it ain't going anywhere. I am looking to trade this on M1 at a reversal around ...
EURUSD only