INTRADAY CHART This is a 5-minute chart that I use to view the intraday action. The screenshot posted is a ‘stripped down’ version showing nothing but the price and a volume profile for each session. 3 sessions are included in this picture. Monday, ...

Surfing Risk Intraday - Volume Profile and Order flow

Too true, and I think in most people's cases even with discretionary traders the moment they think they've 'cracked it' is the moment they start running into trouble. Nice work by the original poster who's found something thats working in the ...

How many trades until a system is proven, not just lucky?

these BBG and 3000Xtra products give you a speed advantage but not much else in my opinion, and since you got Algos plugged in scanning for specific headlines to execute trades, you're probably still going to be way behind the curve even when an ...

"Light" alternative to Bloomberg anywhere?

Good point that pure AMT doesn't consider volume. Although the popularity of 'volume profiles' is rising in recent years over the traditional time based TPO profile

Does 'volume' of MT4 show the tick volume of the market?

If the market is trading at the Bid price and someone buys at market (no matter small) they will have to lift the offer, meaning the last traded price will tick up. This would count at '1' for MT4s tick counter, the problem is that without access to ...

Does 'volume' of MT4 show the tick volume of the market?

Yes, bad terminology on my part. What I mean is that it's important to put yourself into a position to benefit from good luck

Gambler trading (with some MM), who says it can't be done?

After seeing the reaction to tapering (Stocks up) I wonder if this could finally be the start of the correction we've been waiting for. Now that the fear of tapering has been removed, almost everyone is now bullish stocks, This kind of exuberance ...

Central Bank Watch

Basic Economics says that QE stimulus is negative for the currency in question, so removal of stimulus in this case is $ positive.. However in the 'real' world it's not always that simple

Central Bank Watch

I think 'expectancy' is far more relevant when evaluating a strategy, as this takes into account your risk / reward and win rate. Once you have a strategy with a significantly positive expectancy you just need to take care of the money management ...

The Smoke and Mirrors of the Risk/Reward Ratio

I don't agree with this part. I have always viewed trading as "managing luck" I mean there are only 2 or 3 variables that we can even control. The trick is to use these variables to our advantage to skew the odds in our favour despite the relative ...

Gambler trading (with some MM), who says it can't be done?