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RickM replied Feb 11, 2019Well is a great think we have such a talented trader like DIJmile to adds some good content here. Yeh - nothing
High Level Accuracy Method With Little To NO Draw-down
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RickM replied Feb 11, 2019You need to think like a Monkey Just imagine there are bunches of bananas of every tree. You will naturally seek these out my swinging from tree to tree. That is what the big players do, swing from MONTHLY Line to MONTHLY Line. Last word - I only ...
High Level Accuracy Method With Little To NO Draw-down
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RickM replied Feb 11, 2019This will blow you away. Create a Monthly Line chart and place a line at every close of a monthly candle in the last 5 years. Switch it back to H4 and notice a large percentage of H4 candles will be large when they cross this line. Check out EURUSD ...
High Level Accuracy Method With Little To NO Draw-down
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RickM replied Feb 11, 2019Hi PayTheLimit On that "all most to spec " setup, it never had a chance. It was placed within a Liquidity zone of a monthly close. Its a kind of BLACK HOLE on a chart and the easiest money is always to trade head first into this Zone. It was created ...
High Level Accuracy Method With Little To NO Draw-down
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RickM replied Feb 11, 2019Hi Badeel Now this is a trade I am in as well, not just because of the 3 Bar setup. That massive accumulation zone up at 1.0526 will suck up this price tomorrow without any doubt. Having the 3 bar setup is just a bonus. I also believe we have our ...
High Level Accuracy Method With Little To NO Draw-down
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RickM replied Feb 10, 2019Hi Abzozo1 It failed because some bad NZ employment figures were released and the price jumped up 70 pips. Any NZ pair setup would have failed here. You cannot count on a nice TA setup overruling a Red News event. It may have worked if you entered ...
High Level Accuracy Method With Little To NO Draw-down
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RickM replied Feb 3, 2019Hi Bushy Yes, back towards the area where liquidity is accumulating. I have always thought price is like a marble and rolls towards a mass of orders. If I placed a bowling ball (mass of orders) on a trampoline and placed a marble at the other end, ...
Price action at the core / tma intra day
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RickM replied Feb 2, 2019Hi Munchie I can help you with planning and structure of a EA portfolio, that's the design and balancing of drawn down between individual EA's but I am NOT sure how the mechanics work on trading both long and short on the same market under your FIFO ...
Trading Made Simple
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RickM replied Feb 1, 2019He’s just trolling again Tekkies, don’t waste your time
Trading Made Simple
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RickM replied Feb 1, 2019George is a lot of fun and a incredibly insightful. For the past 10 years, I have always thought that price seeks areas where high liquidity exists AFTER the price breaks through strong resistance areas. I like many traders call them Demand and ...
Price action at the core / tma intra day
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RickM replied Feb 1, 2019I just see a breakout of the master candle and a Liquidity zone below. I would be selling.
Cable Update (GBPUSD)
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RickM replied Jan 31, 2019Hi FXCyborg Always happy to hear from a fellow trader. Please realise its not my definition so I will not challenge you on this. I use a indicator to perform the Task of measuring speed and I can relate this number I receive to the speed I see a ...
Cable Update (GBPUSD)
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RickM replied Jan 31, 2019Hi Fontu I agreed with your chart long term, nice TA. At present I am only looking for the next major Liquidity Zone within reach of the current price so that's DOWN. On direction, the TICK chart didn't like this last small move up so no trade for ...
Cable Update (GBPUSD)
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RickM replied Jan 31, 2019Its the speed of the market measuring how fast the Tick chart is moving. The Tick speed can increase 3-5 times when a micro move or trend is occurring and this can be measured by a indicator. This info is only useful on the 1 minute chart or faster. ...
Cable Update (GBPUSD)
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RickM replied Jan 31, 2019I am waiting for this move too, it will tank to the huge liquidity zone created by one 15 minute candle 15 hours ago. Its only a matter of time. Target I believe is around 1.3075 My first micro trade is in, I'm selling now. THIS WILL BE MY FIRST OF ...
Cable Update (GBPUSD)
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RickM replied Jan 31, 2019Now we have another Tick signal - Whats a man to do when its raining pips
Cable Update (GBPUSD)
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RickM replied Jan 31, 2019Yes, because I believe we will see a bounce of the Top of the Master Candle as the main set up - Sell. I need the H4 candle to BLOW through this resistance before I would go Long. I am now selling just with micro trades - hit rate is around 95% but ...
Cable Update (GBPUSD)
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RickM replied Jan 31, 2019I am holding off on taking a trade on H4. I see no higher high here and the pressure to push it down on the Master Candle is strong. I will be looking for either a Sell off on M5 or a Breakout on H4 tomorrow.
Cable Update (GBPUSD)
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RickM replied Jan 30, 2019Hi Geek I am surprised you are answering in this matter when you are in fact a algo trader for the last 20 years. Surely you know how to handle a draw down. This is common knowledge and is being used by full time Algo traders for a few years now. I ...
Cable Update (GBPUSD)
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RickM replied Jan 30, 2019Hi xtradex You haven't even tried to answer my question, I was only trying to help you. Now cut out the smart remarks and just for a moment think how it could be done. I am not going to spoon feed a newbie. Again, how can I offset a draw down
Cable Update (GBPUSD)