Absolutely right. They wouldn't! That's why RickM using futures data. Because it is transparent. On forex there are no such a data like volume. There are no track available how much buys and sells (and their) volume was on that candle. Only futures ...

The brutal truth of day trading

Great explanation from RickM as usual. I just can add this (GBPUSD same time today after red news): image Delta was -366. That mean that there were more sells than buys. But there were no additional confirmation. I'm using reverse candle and/or ...

The brutal truth of day trading

Thank you, Captain!

The brutal truth of day trading

I have fundamental insight that the price moves up and down. It is fundamental statement, isn't it?!

Nordling's Legacy - Live Fundamental Trading

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The brutal truth of day trading

Whyyyyyyyy??? Noooooooooo! Why you hate scalpers?

Nordling's Legacy - Live Fundamental Trading

What basic language we need? You said it very clear: at least you are making 15%-24% per week (5%(6%) per day * 3(4) times per week). We all understand that you are lying. But when you started to dodge and say that 5% is not 5%, the average is not ...

The brutal truth of day trading

Hi Tim. Here in trading there are few logic issues everywhere. For example: 1. Profitable trader does not trade, but teaches 2. Profitable EA does not earn but for sale 3. Profitable strategy not used by it's creator but shares for free 4. ...

The brutal truth of day trading

Oh sorry, you are right! Then any of 28 forex pairs!

The brutal truth of day trading

Why? Let it be 28 pairs + Gold + Silver + Oil + Every Crypto he wants. Just let him show how his "I look at the previous 2 weeks" can a) predict the future movements and b) destroy basic math rules of the real world and c) earn 5-6% 3-4 times a ...

The brutal truth of day trading

Let's calculate Peter's money again. For example he is trading EURUSD where 1 point = 1$ and where 1 lot size is 100.000$. Peter has 10.000$ account. So 5% is 500$. He must trade 0.1 lot size max which is 10.000$ and now 1 point = 0.1$ 1% for EU is ...

The brutal truth of day trading

The problem of DOM on forex is that data are not real and no one knows what are these numbers mean/indicate. For example top left 0.05 at 1772.22 price. What is it? Someone place limit order at that price? So all hundreds and thousands clients of ...

The brutal truth of day trading

He was sitting near the big pool. Girls were dancing around and drinking champagne. The sun was going down. - I'm so tired. I have so much money. I have 5-6% daily 3-4 times a week. All that girls, luxury stuff. All ashes if I can't force someone to ...

The brutal truth of day trading

Also: - Draw random lines on the charts or add as many indicators as you can - Say that you are making 5-6% daily 3-4 times a week - Always use word "Learn" in every post Why? Because if you draw a lot of lines the price will hit some in any case. ...

The brutal truth of day trading

This approach can't forecast anything on long term. May be it can but as I know we are not using it that way. There are fast trades that last few seconds to may be 5 minutes maximum. If there is a disbalance found then we jump-in. That's all. ...

The brutal truth of day trading

Let's return to the tick volume vs real volume. All that Peter's 5% daily is very interesting but not. So, to get delta (difference) and to find some imbalance we need to get real trades happened. I can be wrong, but forex broker don't have such a ...

The brutal truth of day trading

The reason you have problems here with people is that you are liar. Please show us where you get 5% movement a day with 10% SL (you are using RRR at least 1:2 yes?). Of where is movement of 0.5% daily with 1% SL. Or... wait. It can't be lower ...

The brutal truth of day trading

Seems the logic is that higher TFs are just averaging all the data and it become "the same". BTW for me there is no dilemma at all. I know that mt4/5 is not a software to trade seriously, higher TFs are not the TFs for serious profits, Brokers tick ...

The brutal truth of day trading

Tim is trying to check if there is a difference between broker tick volume data and futures volume data. So averaging is not an approach for that task at all. And there is a difference. The lower TF the bigger the difference. So broker tick data ...

The brutal truth of day trading