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RickM replied Apr 5, 2020I don't believe we are talking about a top secret Algorithm that has a special code planted by a market maker to hunt down targets hundreds of pips away, but rather a Auction Algorithm that's coded to entice traders into grouping passive orders ...
Forex is random
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RickM replied Apr 4, 2020There was a reason for that spike and the one on the previous day as well but you need to trade with a historical mindset. We are trading on an old battlefield that is scarred from previous price action, one that has two major hidden gaps. I suggest ...
Forex is random
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RickM replied Apr 4, 2020Moody's great chart just puts more proof on the board that we are trading against a highly controlled Algo who's sole job is to run targets it has selected before retreating. The challenge for traders should not guessing which way price will move ...
Forex is random
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RickM replied Apr 4, 2020Here's a thought that you should consider. The notion of where price movement is going is random in both speed, timing and direction. I agree its random. However there is objectives the Algo is trying to achieve through this random action. The moves ...
Forex is random
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RickM replied Mar 31, 2020Yes, I check three brokers charts at the same time so I compare all three together to get a better idea. The issue is those candles all have gaps due to the way MT4 shows price action. It fills in the space and pretends there is orders when they are ...
Forex is random
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RickM replied Mar 31, 2020More random, less random / god help me The only action that matters is the order flow of passive orders being consumed on M1 to M2. The Algo was running a liquidity pool on EU and when the passive orders were cleaned out, the next pool of liquidity ...
Forex is random
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RickM replied Mar 31, 2020A hedge just holds a small loss till you get another chance to trade that position out to a break even point at a nice thin liquidity zone. It allows me to trade without fear on high probability setups on every session. I would say I would enter ...
Forex is random
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RickM replied Mar 28, 2020Don’t give these Algo traders too much credit, they may be smart but they don’t understand the market with boundless knowledge. I spoke to a three time Algo trading world champion and I wasn’t impressed. They think too much but fail too open their ...
Forex is random
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RickM replied Mar 28, 2020Hi Bwilliam, I offer input here in the hope traders see the manipulation occurring to their accounts is by Algorithm's, not Market makers. If you wish to trade spikes, it should only be done when you have a boundless knowledge of price mechanics. ...
Forex is random
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RickM replied Mar 28, 2020Great, then you get the theory the market movements are controlled by an Auction Algorithm that is designed to hunt passive orders within nearby liquidity pools. Traders often believe the Market makers move price when the reality is they only ...
Forex is random
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RickM replied Mar 28, 2020Dkrock, hope you are making some good coin with patterns but let me explain my point better. When you enter a trade using patterns, candle structures or some other price cycles, the change of winning is just slightly higher than 50%. Lets face it, ...
Forex is random
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RickM replied Mar 28, 2020Yes, you are correct the markets are not random and also correct that all price action patterns generally don't offer a edge. Patterns are just shapes our minds see to make sense of these manic movements. I believe the mistake most traders make when ...
Forex is random
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RickM replied Feb 21, 2020You need to go further back in time to discover the origins of that gap on EURUSD. In the middle of that Gap is a massive Target called a Vacuum Zone which was create back in June 1991. It caused a few reactions over the years but the biggest two ...
Why do traders use so many indicators?
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RickM replied Feb 20, 2020Why do we need to know which side of the market the big players are sitting?, We only need to know whether we are looking at passive orders or aggressive orders that are being targeted. Once we know where the aggressive orders are sitting, we should ...
Why do traders use so many indicators?
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RickM replied Jan 25, 2020[quote=Aussi;12720413] I read a year back that the joke amougst Brokers was their most profitable retail traders on their books were often traders that had DIED. As it can take months, even a year before their relatives find / close the accounts, ...
"AUSSI" my thread and anything I want to put here
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RickM replied Jan 19, 2020You are wrong Luvene Trading is a very exact science and you can nail trades to within 1 pip with the right mindset. Perhaps all the rubbish you have learned trading all those different markets have clouded your vision on a good pathway to ...
Trading Made Simple
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RickM replied Jan 14, 2020If you decide to trade at the core of price action on M1, its never quiet. Selling here is a good plan but it has to be at a Target which has an large liquidity pool. Price just reversed on a nice pool from yesterday. My target at present would be ...
Cable Update (GBPUSD)
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RickM replied Jan 6, 2020Trends don’t exist, forget them. It’s neither bullish or brearish either, forget those description labels as well. Price just aims for TARGETS, find the correct target and just stay on the long side of order flow if it’s above, stay on the short ...
Cable Update (GBPUSD)
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RickM replied Jan 3, 2020I will trade this on M1 looking to keep on the long side ALWAYS of order flow keeping a take profit or stop loss on the short side of order flow. So Long with a single trade, it’s all we need. edit- took the last two moves long on the flow, took ...
Supply and Demand Thread using any Indicator