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- RickM replied 1 hr 30 min ago
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 10 hr ago
image North or South, your choice
- RickM replied 10 hr ago
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 16 hr ago
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 38 hr ago
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 ...
- RickM replied Apr 27, 2024
Hi Rocky This is just my opinion from trading the ES & NQ E-Mini order books on a DOM for a few years. I'll keep it brief. The Cumulative Delta indicator (if using level 2 data) allows us to know when the High Frequency Algorithms have been ...
- RickM replied Apr 26, 2024
Hi Rocky Your thread was recommended to me by another ES trader recently so I thought I would drop in and see what happens here. Also I noticed that driven18 is also here, an old trading buddy of mine from a few years back when we traded together in ...
- RickM replied Apr 9, 2024
There often are situations where both traders are winning. Traders on the Day charts who are closing profits from long term positions to scalpers who are closing profits from short term positions. Both are winning And HFT Algorithms almost always ...
- RickM replied Mar 31, 2024
Hi mallee I doubt many would call it a strategy, but rather its more about experienced I have gathered from trading against trading Liquidity seeking Algorithms on the Future markets. I found its transferable to CFD markets as well and its far less ...