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RickM replied Dec 10, 2019Hi Acecap Spread on GBPNZD on IC Markets vary’s during the London session from 1.7 pips all the way down to 0.3pips, if traders pay attention. So when spreads are small, maybe you should be trading. Interesting it can move from 0.3 to 0.7 in a ...
GBP/NZD... this Pair is Amazing!
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RickM replied Dec 10, 2019There are nights when you should just trade and not think, no homework - just start hitting that Buy or Sell button and see what happens. If it goes up to high, sell for a few pips - If it drops a bit, Buy for a few pips - Any trades that caught in ...
GBP/NZD... this Pair is Amazing!
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RickM replied Dec 8, 2019My prediction is after a close of a M1 candle. Is there something I like, has it hit a High or low of a recent M15 or H1 candle. More importantly is it a nice pinbar that makes sense. If so, trade for a few pips then place a trailing stop to see if ...
"AUSSI" my thread and anything I want to put here
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RickM replied Dec 8, 2019Probably not a great week to trade this pair. I am looking for a breakout above or below these lines during the Asia session before I consider a trade. I never have a Bias but simply trade once the big players have made their call - probably 20 ...
GBP/NZD... this Pair is Amazing!
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RickM replied Dec 6, 2019US Oil To turn the market, someone needs a large source of liquidity to perform this task. How can they turn early the market early when there is no orders during that move to enable them to fill their large orders. There was a pool sitting there ...
"AUSSI" my thread and anything I want to put here
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RickM replied Dec 6, 2019The yellow line was a Target, the next major pool of liquidity on this chart. That was a safe trade on M1 Targets - Targets - Targets
"AUSSI" my thread and anything I want to put here
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RickM replied Dec 6, 2019I don’t know why traders try and predict the market, it’s pointless. Wouldn’t a wise trader wait for the big move and then look for exhaustion, take the reversal trade at that pinbar at the top of that big candle on M1 chart. Easy money
"AUSSI" my thread and anything I want to put here
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RickM replied Dec 6, 2019Data before 2010 shows us the market was vastly different and no relationship to the present day. Data since 2015 is approx. good enough and works find between my tests, Demo trading and then Live trading. Its all about 3 months Demo trading to ...
Curve fitting vs optimization
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RickM replied Dec 5, 2019Sounds good, with the limited time I have before the end of the year.
GBP/NZD... this Pair is Amazing!
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RickM replied Dec 2, 2019Hi Tiborf71 Who cares, just look for 10-30 pips and get out. I just scalp the market when I see easy pips, not worrying about picking any big moves because the market likes to play games with your head. On your chart mark this vacuum spot at 1.9921 ...
GBP/NZD... this Pair is Amazing!
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RickM replied Dec 2, 2019This pair i call the Beast, is one I trade Every day. There was a Target at 1.9921 which it hit to the pip, it should run long now. If you trade early London session like I do, its cheap at 0.02 pips
GBP/NZD... this Pair is Amazing!
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RickM replied Nov 29, 2019Ra Here is one from tonight I took on the Beast GBPNZD M1. A nice target which is just taking a reversal trade on the pinbar within liquidity below a swing low H1 candle. I couldn't lose here. Extended ATR, Target Hit, Secret sauce cross, Secret ...
"AUSSI" my thread and anything I want to put here
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RickM replied Nov 28, 2019Yes, took the GU due to that reason. That GA pinboard four bars after the first high was in hindsight the best set up and I also entered this pair after that bar. Lets not talk about those moving averages ha ha
"AUSSI" my thread and anything I want to put here
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RickM replied Nov 28, 2019Hi Aussie Four pairs that often move together works just as will as one pair. I am trading only the M1 where I looking for extended movements towards the edge of the chart. I also take note and play “spot the difference”. I chose one Reversal here ...
"AUSSI" my thread and anything I want to put here
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RickM replied Nov 27, 2019Hi DrDave Yes, but trading with Tick charts based on volume is no more help in the end than time based candles. I have done both with the 30 second time frame giving the best patterns over Tick volume. Divergence who trade Futures also came up with ...
Trading Made Simple
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RickM replied Nov 26, 2019Look, I trade for a wage but could never manage that trading long term, very few actually can. Even many professional traders know that so there are thousands of institutional traders preferring to scalp the futures market Instead using order flow ...
Cable Update (GBPUSD)
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RickM replied Nov 26, 2019Been there done that, holding long term positions prevents you from profiting from short hard moves. A long trend trade of say 400 pips may offer the scalper 3 times the amount of pips because we trade the pullbacks or spikes hard. I do trade long ...
Cable Update (GBPUSD)
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RickM replied Nov 26, 2019Hi Army Hedging allows me a second chance to make money if a sudden unexpected move goes against my first position. I hold a 11-15 pip hedge to protect my account and just move on to the next trade. Later that day or occasionally the next day, I ...
Cable Update (GBPUSD)
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RickM replied Nov 25, 2019I would say if you are scalping, you are looking to trade a small edge offered by a price action movement, either with or against a trend. Either way it’s a trade that historically offers a small win more times than not. The intention is of course ...
Cable Update (GBPUSD)
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RickM replied Nov 25, 2019I believe most standard rules just set you up to die a death by a 1000 cuts. I read a study where risking 7% increases a traders profits by double over a year. Personally as I am a scalper that only aims for 5-15 pips per trade and have a high win ...
Cable Update (GBPUSD)