Stop moved to +0.5 pips.
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Dislikedsrmfx,
ok you are also using the bid ask price for entry,id say the most useful tool we have available to us,and i agree you can get your price almost to the pip,ive said many times that watching bid ask price tells you far more than any chart,combine that with charts at key levels with bias from overall money flow and pips away.
regards
williamIgnored
Dislikedthanks for starting this wonderful thread. The ideology is strikingly similar to that of Niceguy ridiculous thread.
it would be great to hear from another market expert!Ignored
DislikedBy tape reading I mean actually reading the quotes. As you can see I watch the quotes from 3 different brokers. I can't explain how exactly how I do this. It's just a lot of screen time and experience, but when the quotes stops at a support or resistance level, this tape reading often allows my to by on the top or sell at the bottom.Ignored
Dislikedhi sutts,
please excuse me for my thoughts on entries regarding correlated instruments,i believe they give a bias on direction ,but with regard to scalping at such intensity a bias only,having said that ,there are some opportunities that...Ignored
Dislikedsrmfx,
ok you are also using the bid ask price for entry,id say the most useful tool we have available to us,and i agree you can get your price almost to the pip,ive said many times that watching bid ask price tells you far more than any chart,combine that with charts at key levels with bias from overall money flow and pips away.
regards
williamIgnored
DislikedInteresting stuff srmfx. Does the technique involve watching the widening or narrowing of the spread at key levels or is it more the rapid jumping in price caused by large orders hitting the tape? I get some value from the latter technique.
May I ask why you watch quotes from 3 brokers please? I would have thought the threat of arbitration keeps the quotes more or less in line.
ThanksIgnored
DislikedI don't watch the spread. One of the brokers is fast, the other one is slow and my broker is between them. It is very difficult for me to explain what exactly I look for in the quote reading. All this happens at subconscious level. It is like pictures saved in my mind. When I see the right picture I pull the trigger.Ignored
DislikedMay be I should make some videos to show how interpret the price action.
I also read the new to see who is buying and where the orders are placed. One of my favorite strategies is to fade the price move after stop gunning.Ignored
DislikedThanks for posting your progress. I'm finding it hard today...lots of hesitation.Ignored