Ask yourself one question. If that bold eye opener is so good trader, why he is writing books, record videos for youtube and teaching? To grow more competitors and have harder life? - Hey, why are you not training? - I'm working with my mindset. - ...

The brutal truth of day trading

But you have a lot to say how people should trade. Perfect. The brutal truth of trading that people who are not traders are trying to teach the things they are not even familiar with. Try to trade. Then return here and start posting your impressive ...

The brutal truth of day trading

Hi Ric, My trading style, money management and even hedge techniques are the same like RickM's, because he taught me. Especially about hedging. I knew and used imbalanced earlier on crypto and was very upset that there are so such a data on forex. ...

The brutal truth of day trading

100% agree! There is no such a thing at the present time like pattern. It exist only in the past. For some reason nobody speaks (except you, you have mentioned it several times) that most time the liquidity is thin. This is fake and lie that we are ...

The brutal truth of day trading

Haha image

The brutal truth of day trading

First 5% per day, now master algo revealed What's next? Sacrifices on positive PnL?

The brutal truth of day trading

It depends on your exit rules. I'm using that method, but I'm not using fixed distance for exit. It depends on market conditions and calculated automatically. Also there are another thing you have to think about. What to do if price will not hit the ...

taking partial profits vs a full profit exit

Yeah. Imbalance of what? Of volume, of red candles, money. I understand if he said: there were 10 green candles and only 3 red. Imbalance of candles. Or. Average red candle size is 100, green is 500. Imbalance. But he is talking about VOLUME ...

The brutal truth of day trading

Sure. Imbalance is not Buy vol / Sell vol. It is the line (or colored rectangle) that trader scherzi placed on his charts with a strong theory in the background why we should not divide buy volume on sell volume but use random magic rectangles ...

The brutal truth of day trading

That is exactly what I'm talking about. You are drawing random rectangles, lines, using fibo levels, placing arrows... And think you have found imbalances or support and resistance areas. In fact you are just guessing. There are no math under the ...

The brutal truth of day trading

1. Imbalance = when there are more buys then sells and vice versa. There are no other definition. The bigger the imbalance the greater the trade. 2. We don't need any story behind. We don't need higher TF data. Imbalance is imbalance. I don't see ...

The brutal truth of day trading

Agree. This is my stats for 10 days (it is daily profit in %) I'm trading at 1m TF, there are in average >50 trades daily. One trade in average gains +0.005%. Commission paid is about 50%. Do you still think trading lower TFs is better than higher? ...

Scalp/Day Trading Tips for Success

Hi here2there! I know few traders who failed to change their preferred approaches and became successful again only switching back. But it is hard, because you can forget how exactly you were trading. For example one guy was trading pullbacks on ...

Scalp/Day Trading Tips for Success

I didn't get it. You say that original BigE approach is good or not? I say that it is bullshit. And I'm ready to proof it trading NOT original TMS, but enhanced one. And i'll trade it using bot, no manual trading. But I need who will trade that ...

Trading Made Simple

Look if candle is small. Small? In comparison with what? With a tree? Oh, with average X candles back! I see, I see. I have to learn more. To be able to see if candle is small or it is big! Also I have to train my feelings. And to learn magic. ...

Trading Made Simple

1. Trading Made Simple is not a system ever, because it has no money management and exit rules. It is pretty simple system to find entry points only. It can be replaced with MACD with default settings and they entries will be exactly the same. 2. ...

Trading Made Simple

In most cases that approach just works. But in rare situation price can reverse or pullback. So you have to manage your position. image Red arrow is entry. Because candle open was > Asian Low, candle close > Asian Low. It was 13:00 icmarkets ...

Trading Made Simple

And all these with that fact that there are no volume data available on forex. Theories... I love theories.

Trading Made Simple

But you can use backtests to ensure that another one holy grail super profitable system is just a bullshit. That is great! P.S. Don't like EA naming. Why it is expert? It has no expertise. Why it is advisor? Advice me? What advises? 100% idiotic ...

The brutal truth of day trading

Sorry, we don't have AUDJPY data, only Majors, gold, silver, btc, us500 and so on. url

The brutal truth of day trading