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RickM replied Sep 17, 2019Hi FX-Gamer Trading the 1 minute chart offers the best chance of being profitable if you have a deep understanding of price action. Don't discard anything in this business unless you have sat next to a great scalping trader and see the magic they ...
has anyone EVER seen a successful trader/trading system?
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RickM replied Sep 17, 2019Mingary Stop being so negative nelly. Tell us about your Monty hall problem, do you see solving this issue of releasing stream on your drawn down as a key to running any long term profitable strategy. I recommend traders read his binned thread and ...
has anyone EVER seen a successful trader/trading system?
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RickM replied Sep 16, 2019Hi Striped If you go back too far, say 2010, your results will be different now. Back then the market was very different. The market since 2012 seems to mirror today’s actions (GBP pairs excepted). Cheers
has anyone EVER seen a successful trader/trading system?
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RickM replied Sep 16, 2019Hi Ladd THE TREND IS NOT YOUR FRIEND Its a trap lead by the whole professional trading community to trap retail traders into losing money. Why would you trade a trend when 80% of the time the market is in a ranging market condition. The market preys ...
has anyone EVER seen a successful trader/trading system?
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RickM replied Sep 16, 2019Hi Striped, Strategy’s are optimised over a three or four year period on purpose during a few different changes in market conditions. The idea is the model must be robust enough to be able to handle these different market conditions and come out in ...
has anyone EVER seen a successful trader/trading system?
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RickM replied Sep 16, 2019Hi Josephcom You will find it hard to see a great curve because many good traders uses multiple accounts and trade a few systems. Generally what worked well last year may not work well this years so as a experienced trader, my Equity grows every ...
has anyone EVER seen a successful trader/trading system?
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RickM replied Sep 16, 2019An ECN broker is a forex financial expert that uses electronic communications networks (ECNs) to give clients direct access to other participants in currency markets. ... ECN brokers are non-dealing desk brokers, meaning that they do not pass on ...
Best broker for 4-7pips scalping
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RickM replied Sep 16, 2019It would be rude of me to comment further. Let SentiFX shows us his methods, I will keep my stuff away till later. Cheers Rick
Stop Hunting using Sentiment and Market Structure
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RickM replied Sep 16, 2019Hi SentiFX I use Liquidity Gaps to trade all night long, here is how I see it and with NO losing trading days for 3 months, trading Liquidity Gaps work. 1.. Its worth looking first on how a Liquidity Gap is created and why. It is the speed of the ...
Stop Hunting using Sentiment and Market Structure
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RickM replied Sep 14, 2019There are hundreds of strategy's that are profitable - for the Algo trader There are few strategy's that are profitable - for the manual trader Why?
How many trading strategies can there be?
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RickM replied Sep 13, 2019Hi Ysfx Why do you thing Fundamentals have anything to do with moving price. It was just a Stop run because dumb buyers believe in resistance bullshit so they place their stops in a pin with a herd of sheep. There was probably thousands of stop ...
Explain this drop in eurusd at the absense of any news
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RickM replied Sep 9, 2019Great retreading Anthony, I will follow your thread Cheers Rick
Scalping Gold using WPR
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RickM replied Sep 7, 2019Hi Flight Yes, but many EA’s that make big profits on many months will also have big losses on other months. You are looking at this the wrong way. All you need is to find a EA that makes around 10% profits per month without going into any major ...
Best broker for 4-7pips scalping
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RickM replied Sep 6, 2019Yes, hedging if you scalp allows a second chance on a basket, kind of like a get out of jail free card. ONE method I use is to simply hedge at 10 pips when I am scalping. If I am wrong, the next trade I double my trade size and just aim for 10 pips. ...
The Secret to Success and profitable trading - What is it?
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RickM replied Sep 6, 2019I voted YES BUT 90% of Manual traders Lose - NO (Unless you learn to scalp) 90% of Algo traders Win - YES I just spend three weeks traveling Europe while trading out of a laptop. All I need is 10 minutes a day to check my VPS accounts working ...
Would you recommend trading?
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RickM replied Sep 6, 2019Price doesn't give a stuff about news, just moves to Liquidity zones normally within 1 pip. Buyers buy and Sellers Sell but price only moves to run stops caused by traders doing what they do best, make stupid trades.
Cable Update (GBPUSD)
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RickM replied Sep 5, 2019To me, it’s just encouraging buyer stops below that resistance area then it’s going to drop like a stone. Sell
Cable Update (GBPUSD)
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RickM replied Sep 5, 2019Hi FXBenchmark Great that you are doing well but I never said you can’t be very SUCCESSFUL. It’s just your spread fees are probably double or even triple ones offered to me during the early London session so I saying the cost to trade the Asia ...
Best broker for 4-7pips scalping
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RickM replied Sep 4, 2019Scalping the Asia session doesn’t really make sense, there isn’t enough liquidity to get decent spreads so why bother. Your broker will be happy I suppose. Now trading the London session during the peak times, I get 0.02 or 0.01 spreads on EU / GU ...
Best broker for 4-7pips scalping
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RickM replied Sep 3, 2019Hi Anthony Also look at EURCAD if you aren’t already, a great pair to trade M1 on. I rate my fav pairs in this order. GU GN GJ EC GA EA USDMXN Cheers Rick
Sunny Coasting Along