image Seeing a potential intraday swing in EURUSD: H1 timeframe: Resistance at 1.1166, but bears getting increasingly poor reversal signals, enabling them increasingly better entries. Bars 1 and 2 was amid buying pressure and produced just ...

EURUSD MultiTimeFrame

Back to trading after holiday. A lesson and good setup from yesterday, a nice trend reversal trade, based on second entry/push fail. The overall HTF picture was always-in short. The bulls had what looked like a decent breakout and rally. After two ...

EURUSD MultiTimeFrame

On holiday now, will be back on this thread toward the end of the month. Pls keep it alive in the meantime .

The Only Real Edge: Trading from Breakeven

Thanks, skfx, I can see you have some very advanced and precise methodology in your arsenal, I'll have some reading up to do on your threads, great stuff! It's amazing to see genuine knowledge shared just like that!

The Only Real Edge: Trading from Breakeven

You mean watching futures and executing spot? I have a futures account, but trading two futures lots is still too emotional for me, the account keeps eroding, so I'm trying to gain skill on spot forex with smaller size first. And I actually like the ...

The Only Real Edge: Trading from Breakeven

The pattern I posted before produced an immediate scalp and BE position shorting EU again. An 8 pip range settled, a few failed pushes up and aggressive selling through those levels.

The Only Real Edge: Trading from Breakeven

An interesting phenomenon on the tick chart, which I think is stop limit orders at work. A stop limit order is an order that fx newbies don't know about. It is a type of order where once a stop is triggered, a limit order is placed at the price. ...

The Only Real Edge: Trading from Breakeven

Skfx, thanks a lot for your valuable comments -- please continue posting. The more we think about the market, the better we understand it. An example of tight play now. We had a nice spike in EU today (EURUSD 5 MIN), it had already taken place when ...

The Only Real Edge: Trading from Breakeven

Depends on how you read it. All pro platforms have the iceberg orders function, so what you say is right -- institutions that have large orders seldom hit bid or offer at market with large volume (with the exception of funamental news perhaps), ...

The Only Real Edge: Trading from Breakeven

Anyone please tell me how to trade DOM on spot forex . The MT4 DOM is useless bacuse it's at pipette level. Is there any DOM tool combining data at pip level?

The Only Real Edge: Trading from Breakeven

An entry I took just now to illustrate the point -- another marginally reasonable trade idea, a bottom wedge, two preceding 5min candles had tails, signalling two bear pushes down, which seem to fail. We also have an inside-outside-inside body setup ...

The Only Real Edge: Trading from Breakeven

MFE and MAE is what FT71 teaches and has actually incorporated in their Stage 5 platform. The idea is that your DOM/price action skill is the most important factor in practicing this approach, and the MAE will show you that you mistimed or misread ...

The Only Real Edge: Trading from Breakeven

The timing is a topic worthy of discussion. But the more I think, the more I come to believe that entry levels are somewhat important, but not all that important -- because you don't know what will happen anyway. I actually had an excellent example ...

The Only Real Edge: Trading from Breakeven

a very thorough presentation worth reading many times and reinforcing the point of this thread!!! Thank you skfx! When there is a trending move as described in this post, try to imagine what is happening on ...

The Only Real Edge: Trading from Breakeven

Thanks for your notion of "market feedback"! This is exactly what I mean -- the weak and strong hands find out their worth only after they have engaged. Meanwhile, do you trade DOM for fx futures, or do you have a way to use in spot fx?

The Only Real Edge: Trading from Breakeven

The reason is the same as the reason behind every multitimeframe zeroing-in sniper-style strategy: to minimize risk and maximize return and risk reward. Because every setup and signal that looks good to those whi beliwve in it looks equally good to ...

The Only Real Edge: Trading from Breakeven

No, not at all, sorry if my answer sounded hostile I'm just thinking about the other alternatives (based on bitter experience, too) -- martingaling and higher timeframes as you say. Higher timeframes may be less intense and the dynamics are ...

The Only Real Edge: Trading from Breakeven

hi Ainur, appreciate your feedback. Yeah, beginners be better off trading with wide stops and then martingaling to compensate -- but has anyone made money this way? Lol. spreads now are no more than half a pip, commission as much, so transaction ...

The Only Real Edge: Trading from Breakeven

I have another example to prove that this kind of entry works not only in ranges, but in chasing trends as well. Today we had a big EU spike, flushing out bears from earlier in the day. Of course somebody should be unloading into their stops and I ...

The Only Real Edge: Trading from Breakeven

Thanks to all for your comments, Im glad this thread is provoking some discussion. I know that this concept runs against some conventional wisdom taught by conventional fx education. So Id like to share some thoughts why I think this is the way to ...

The Only Real Edge: Trading from Breakeven