Thank you for all your valuable posts. May I know why do you think it is too early to enter?
Thank you.
Money management: Capital needed per 0.07 USD per microlot 0 replies
The Volume Detective 411 replies
Disliked{quote} VEEFX is definitely a character. I’m not sure he would be keen on the forex though these days.Ignored
DislikedHI r4me, Can you find a brokers site that will allow you to view the Queues of orders (DOM?) as they see it----not what we are allowed to see as private traders, which for me is approx 3 to 5 levels of price orders. I observe an ongoing list of orders that are widely quoted, with vastly differing quantities. This happens at lightning speed, and I do not know how to show you, perhaps you could instruct me in how to take a video on my mobile and then download that into FF. for you to view For example GBPJPY is ranging from 7 to 12 orders at the quoted...Ignored
QuoteDislikedIs the FX market too big for us to worry about what goes on behind the "Green Door" sorry Steve you may be a bit too young to remember that one
QuoteDislikedthat many people who live in poor countries were denied scientific help because it was not a perfect and credible drug when near enough would have saved many people
Disliked{quote} At this time, this is just an indicator that approximates live trading. Generally in trading the results are better. I was actually surprised that the results on D1 and W1 are very similar and stable, and on H4, H1 etc. are worse or useless. Also, the number of signals is very stable and you can generally wait for every 7th bar on a signal (sometimes 2-4 days, sometimes longer). You can spend the remaining time with the dog when going for a walk. For me it is more problematic, because I have only a cat ... For my documentation...Ignored
QuoteDislikedYou can spend the remaining time with the dog when going for a walk.
DislikedA very good morning to all ,,,,, I tend to casually follow from time to time as to what is happening here Steve ,,,, Sadly ,,, In my PERSONAL opinion,,,, There seems to be much emphasis on things that are NOT important ,,, I will sum things up again ,,,, THE MARKET WILL ONLY MOVE 1 OF 2 DIRECTIONS ,,,, NO 1 --- TAKE OUT THE ,,, STOPS ,,, ABOVE THE PERVIOUS TOP TARGETS ,,,, NO 2 --- TAKE OUT THE,,, STOPS ,,, BELOW THE PREVIOUS BOTTOM TARGETS ,,,,, Forget the LIQUIDITY GAPS ... They are apart of the PARCEL OF THE MOVE TO ACHIEVE THE ABOVE 2 POINTS...Ignored
DislikedA very good morning to all ,,,,, I tend to casually follow from time to time as to what is happening here Steve ,,,, Sadly ,,, In my PERSONAL opinion,,,, There seems to be much emphasis on things that are NOT important ,,, I will sum things up again ,,,, THE MARKET WILL ONLY MOVE 1 OF 2 DIRECTIONS ,,,, NO 1 --- TAKE OUT THE ,,, STOPS ,,, ABOVE THE PERVIOUS TOP TARGETS ,,,, NO 2 --- TAKE OUT THE,,, STOPS ,,, BELOW THE PREVIOUS BOTTOM TARGETS ,,,,, Forget the LIQUIDITY GAPS ... They are apart of the PARCEL OF THE MOVE TO ACHIEVE THE ABOVE 2 POINTS...Ignored
QuoteDislikedTHE MARKET WILL ONLY MOVE 1 OF 2 DIRECTIONS ,,,,
NO 1 --- TAKE OUT THE ,,, STOPS ,,, ABOVE THE PERVIOUS TOP TARGETS ,,,,
NO 2 --- TAKE OUT THE,,, STOPS ,,, BELOW THE PREVIOUS BOTTOM TARGETS ,,,,,
Forget the LIQUIDITY GAPS ...
They are apart of the PARCEL OF THE MOVE TO ACHIEVE THE ABOVE 2 POINTS ! ! ! !
Disliked{quote} A post that makes scene, like a posted a while ago, I can understand the need to take out SL's because they bring liquidity to the market through traders losing their money, to the Sharks. But these gaps are just triggering orders that can still either win/lose, so at the time of opening they are not filling the pockets of anyone until they hit an SL, which is the next chapter in the story.Ignored
QuoteDislikedBut these gaps are just triggering orders
Disliked{quote} {quote} Yes. But that is also exactly what the MM wants. The MM wants there to be trading -- otherwise it leads to paralysis. In order to keep the juices flowing there has to be both transactions and liquidity. One without the other would bring the whole system down. Also, I think that continually thinking of them as "Sharks" fogs the brain. When your mind treats this as "good guys" versus "bad guys" then you will only see things that fit that story line. It's called a "belief system". Adult minds only see things that confirm their belief...Ignored
Disliked{quote} {quote} Yes. But that is also exactly what the MM wants. The MM wants there to be trading -- otherwise it leads to paralysis. In order to keep the juices flowing there has to be both transactions and liquidity. One without the other would bring the whole system down. Also, I think that continually thinking of them as "Sharks" fogs the brain. When your mind treats this as "good guys" versus "bad guys" then you will only see things that fit that story line. It's called a "belief system". Adult minds only see things that confirm their belief...Ignored
Disliked{quote} I call them Sharks because they have the advantage of knowing where the SL's are placed, for me it is no different from robbing a bank, you know the bank contains money and you know you will go to prison if you try and take it, but there is no prison for these MM's so they are Sharks, they are getting away with robbing traders through their insider knowledge. While these actions may well bring liquidity to the market, it does not change the fact they are robbing traders through their insider knowledge.Ignored
Disliked{quote} Without MM's the market would flow and SL's would still get taken out, but there would not be just some special body of big money benefiting from this insider knowledge and getting richer and richer from it.Ignored
Disliked{quote} @Robot Trader -- I place $100 in my bank account at the beginning of the month and let it sit there. At the end of the month I go to withdraw it but there is only $98.50 -- because of "fees". So, am I happy about it? No. Do I call the police and report a robbery? No. Do I hire an attorney and sue the bank? No. Things work a certain way. Sometimes in your favor and sometimes not in your favor. But just because something doesn't work in your favor doesn't mean it's a crime. The fact you believe you are being robbed and yet still choose to...Ignored
Disliked{quote} Without MM's the market would flow and SL's would still get taken out, but there would not be just some special body of big money benefiting from this insider knowledge and getting richer and richer from it.Ignored
Disliked{quote} @Robot Trader -- I think the main reason I have a hard time seeing it as you describe is because I don't understand the money flow. Suppose I place a BUY order that gets stopped out. Can you explicitly trace the flow of money -- without hand waving -- to show how this abstract entity we refer to as the "MM" grows richer. I mean I get how my broker might grow richer, but I don't understand how my loss becomes a win for the MM. My broker doesn't send money to some abstract MM entity in the EU based on my wins and losses. My broker pays a fixed...Ignored
Disliked{quote} These aren't small amounts of money like your $1.50 fee and having an SL hit because a certain body as the ability to move the market at will, does not make it a rightful fee they are collecting. I do not have a problem entering the market and losing money, this is just part of trading, but to condone these MM's deliberate actions and class them as just merely taking a fee and not being an injustice is far from what it really is. I am not bend or twisted about what is happening, but I give them their correct name and that does not give me...Ignored
QuoteDislikedbut to condone these MM's deliberate actions and class them as just merely taking a fee
QuoteDislikedbut I do not think that makes me a bad person for calling them Sharks
Disliked{quote} The SL's that are hunted are the TP/Targets of the MM's, that's how their money is made. The exact same way you want to trade these areas, but you do not know where to Enter or place your SL. For the MM's this is not a problem because they have the ability to move the market at will, so wherever they enter is always a perfect entry and they have the further advantage of not needing to place an SL, because they know where the market is heading next. Off to take the dogs on the beach, catch you laterIgnored
DislikedBelow is another example using the TmaTrue indicator with the MMDetective indicator: {image} I've circled 4 BOTTOMS that poked below the TMA line -- these would have been good places to open BUY positions. I've also circled 4 TOPS that poked above the TMA line -- these would have been good places to open SELL positions.Ignored
Disliked{quote} Ok so this is nothing new, we have known this for a long time. They are after your stop loss to create liquidity. Let’s go forward here. Where are these stop losses. Most traders put stop loss behind key price points. - Tops and bottoms ( target point ) - support and resistance points ( target point ) - round number (target point) - is there software we can use like the mm that tells us this info . Order flow -how do we avoid being a target ourselves ? don’t use a stop loss -how do we know what target mm got for ? Watch price action who...Ignored
QuoteDislikedThey are after your stop loss to create liquidity.