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- RickM replied 21 hr ago
Hi Rocky These are the conditions I prey for and have my scanning software searching the Markets for this very situation. Renko bars or time based bars, the best trades come soon after inactivity occurs. Its my secret sauce setup I never display on ...
- RickM replied 41 hr ago
That’s a chart from Crucial Point, a thread 14 years ago maybe the best work seen on Forex Factory. The point of the post is the markets is a Sine wave where the market flips on an equilibrium. Easy money can be made by just being long on one side ...
- RickM replied 42 hr ago
Just like his first thread, it will sit here as a great source of reference for aspiring orderflow traders into the future. For years, I get private messages from traders asking me for reading material on Order Flow trading - now I have somewhere to ...
- RickM replied 46 hr ago
Hi Pipcruiser There are many trading platforms that allow Footprint Charts to be traded successfully, but a cheap way to get "the feel" of trading with volume data is probably Clusterdelta.com. Here you can download CME data directly onto MT4 or MT5 ...
- RickM replied May 19, 2024
Hi Makingmoves You have put some great work into your posts above and I greatly enjoyed reading these posts. The feature I like about Renko Footprint charts is they do indeed seem to filter out some of the noise we see on a time- based candle stick ...
- RickM replied May 18, 2024
image North or South, your choice
- RickM replied May 18, 2024
Hey BW You know even though most of my posts on FF in the last few years have been Futures trading related, I still very quietly trade a simple North / South trend trading strategy from one I used to talk about a few years back. It’s using the ...
- RickM replied May 18, 2024
Hi BW Hope you are well. Better to trade Long inside the Northern hemisphere or Short while visiting the Southern hemisphere isn’t is. Tape reading here gives more accurate results because the data here is less manipulated. I wonder if only you and ...
- RickM replied May 17, 2024
Hi Rocky I did trade near the close as usual and after some crappy PA moves, some nice signals appeared. WARNING VOLUME SHIT Footprint charts can be made to look like normal candle chart WHILST still containing valuable information visually. Traders ...
- RickM replied May 16, 2024
Hi MM Fantastic post and one of the best I have read all year. Perhaps we should move this Volume talk off this thread or we will just swamp Rocky's thread. Just one comment about Imbalance. A Bid / Ask Imbalance of 20-25% on a DOM may create an 200 ...
- RickM replied May 16, 2024
Hi driven 'You are Correct, you need very little tools to trade successfully. But what you need most of all is a trader's mindset to stay in a trade as long as possible until you know you are wrong. Therefore - why did you exit that trade above, YOU ...
- RickM replied May 16, 2024
Hi FatPatfx My Opinion ....... Bid / Ask Imbalance allows us to know whether the order book contains more Selling limit orders or Buying Limit orders. If you trade US500 Futures (ES), this Imbalance information is a real trading edging because 65% ...
- RickM replied May 15, 2024
Hi Rocky During the Period you were trading, the average volume per Renko 5 bar was around 2800 - which during the New York session doesn't seem to provide nice trends. On the next trend after your screen shot, volume moved up to 6000 per Renko 5 ...
- RickM replied May 15, 2024
Hi Rocky Looks like you took a few nice trades. I am presently holidaying in Hawaii and if you think I am waiting up at 2am in the morning to trade the open, that's not going to happen lol. However I did crawl out of bed at 6.30am to try and catch ...
- RickM replied May 11, 2024
Hi Rocky The risk of using too many tools within your system does perhaps risk destroying your simple easy to use trending strategy. Renko / HE bars may often just enough to be honest but us traders like to add all this fancy stuff to “”feel safer” ...
- RickM replied May 11, 2024
Don’t forget guys the Cumulative Delta Indicator only works if you have access to Level 2 Data, not Forex Level 1 data. Alternatively you can use brokers like AMP Futures to get Future’s data or use Indicators from Clusterdelta.com to access this ...
- RickM replied May 5, 2024
This is the second thread you have dumped some crap about Synthetic Liquidity on Forex Factory, even thought it’s impossible to see any real liquidity pools unless you trade within centralised market like Futures via a DOM. Who’s unethical really
- RickM replied May 3, 2024
Hi Spitfire Rocky is the expert on Renko bar trading here but when viewing my own Renko trading stats over the last two weeks, it’s almost as good as ES (US500). This is because it has nice long trends when the Day offers strong volume, but I knew ...
- RickM replied May 2, 2024
Hi Rocky 100% correct with your idea to stay in the trade because the Cumulative Delta was telling you the buying was weak - STAY IN . Often I add after the PA corrects itself and starts travelling down more. A sign of a good trader is one that asks ...
- RickM replied May 2, 2024
Hi Guys Thought I would talk more about my Renko trading strategy by showing a trade I took tonight. Of course I am a newbie when it comes to Renko bars, but more of a volume fanatic to be honest. So lets see how I would trade these manic Renko 4 ...