A take profit 10 - 15 points lower.

Hi Ferna You know and I know what I am going to say next because you are putting me into a corner where there is only one answer. You anticipate where there is weakness and trade accordingly. Bloody Excellent

The answer S&D fails is seen in the order flow data, of course after it fails. Reason 1 .... Cascading stop pools Reason 2 ..... Strong Volume with market trades in the bias of direction Reason 3 ...... Market weakness within the resistance zone due ...

Taking my comments further, fishing for stop losses can be a worthwhile pursuit for the scalper. One of my playbook trades is to hunt stops on Gold future markets - but it works as well on Forex markets if you also have level 2 data. When price is ...

Hi Pat The name Smart money is so stupid, it makes me want to punch some one's nose. The markets have many levels of traders starting from the Newbie and ending at the Big player at the top. There is probably 12-14 levels where as a trader, you have ...

Hi Paymanz Tick volume is just a measurement of Tick movement. If the tick movement is high, it just means price is moving faster because of two things. More Market order executions .... More Volume More gaps in liquidity ..... Low Liquidity At the ...

What's a trend, does it matter when price moves too far from value. We can make money without a care in the world to the direction of current price - all we need to know is weakness and if an unbalanced order book is present. Tonight I decided to ...

Best post this morning with a trader actually not focusing on predictions. Nice plan, let’s wait to see if we see a thrust down candle first. At present the buyers and sellers can’t move the market, limit orders density is the boss at present

Hi mysterio I'm also in the same spot selling BTC from the POC. My trade entered about 6 hours back but I only have a Sell bias on Crypto. All I see is distribution after that extreme volume bar yesterday. I think a break out from that bars range is ...

Common Sense is fine Robinhood, but first you need to understand the strategies a Maker Maker will use to move the market intra -day. Then you may see its possible for the small retail traders to also copy the Market Maker strategy's for great ...

If you trade like a Market maker, day trading is easier than swing trading to be honest, its totally skill based. If you check who are the top traders (not investors), they are day traders mostly and almost all don't trade Forex.

If MNQ is your main instrument, do you follow stock market open and close so you can trade at the gaps the stock market makes which are normally always transferred to S&P and MNQ direction. I would be looking at a possible short on MNQ if the price ...

I'll pm you

Hi Papadas Just adding a twist to Ryuryus comments because we trade against HFT algo's so we need to have a smart approach. Kind of close papadas, the orderbook on low volume controls direction but it doesn't mean it follows imbalance. Imbalance ...

S&P Futures Chart after New York Open on a day they are closed lol Anyway, here the volume is low with Limit orders having the balance of power. So an imbalance of excess Selling Limit orders drags price up, then when it flips to excess of Buying ...

I'll say True but thats not the whole story. There is always a battle everyday and every moment to see who is stronger - current Limit orders or current Market orders. When Executed orders are strong (CME data on Gold +333 contracts a minute) Market ...

Thats all it is. Limit orders hit the books that favour the shorts, most liquidity is now above price so the only option to make any big money is to go long. You can't sell when liquidity isn't there, but you can drop price even more to increase ...

You have a bigger problem than worrying about dead periods. The Day opens and close of any market normal creates large nodes on Volume profile tools which gives the impression that these levels may be important. Often they aren't important as the ...

You can use a Volume profile for that, then the resistance is not unseen but its visible and very tradeable.

Hi Teek I think the education is actually very good if you go to the right places. What the bigger issue is impatience, they use all sorts of excuses why demo charts are bad and how they can't trade with pretend money because they feel no emotion if ...