This chart shows what I call a "FU stop" Where I got stopped out just before reaching my limit...I HATE it when this happens, but still made the weekly goal on this one trade
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Hey, Newbie got some questions 12 replies
Hey all 1 reply
Hey! yellow news...??? 3 replies
hey all 11 replies
DislikedDefinetly on the right path. At lower timeframes intraday add OBV or cumulative deltas for “quality” of volume. Will help determine market makers accumulation (exhaustion, absorption). Also volume profile? Have you studied? agree about wave theory and any price indicator. Rubbish the instos want you to be using. Helps them accumulate your liquidity. Do you intraday trade?Ignored
Disliked{quote} DonPato, thank you! You did not use the following structure to enteres: Climax, Exhaustion, Absorption?Ignored
DislikedEmini? Very nice!!! So you must be doing very well. Can i ask what kind of gains on average per week would you make 2:1, 4:1, 10:1, higher? This is definetly trading excellent work. Are you watching vix and usd futures at entry/exits? Or something else?Ignored
Disliked{quote} Thank you for your kind remarks...The average trade for me is a risk-to-reward ratio of 2.8:1 I usually just take profit at that level and tend NOT to ride trends although lately they have paid off in spades, but that is more the exception to the rule and the market has been extremely volatile for the past month. Thus if that volatility makes me a week in just one trade I tend NOT to put it at risk again until the next week. I came up with this level after many years of data collection on my trading and the way I run my stops...I found...Ignored
DislikedLol all good. Well done mate! unless youre trading nekkei i wouldnt even use asia liquidity in your calculations. Why not use futures volume for spot market?Ignored
DislikedDonPato, thanks for the comment! Have you tried using the Delta chart constant to estimate the order flow?Ignored
Disliked...In your earlier post(usd/cad) you took a position based on market flow. The buyers had pushed through an area of selling and established a new level of support however, you never mentioned volume or the phases mentioned in this thread(climax, exhaustion and absorption). Do you look at a chart and take a position based on these candle moves(areas of balance) or do you always look for confirmation in volume, tick data etc?....Ignored
DislikedOK...I will try this again, and hope it works this time... {quote} I too studied Elliott Wave theory. I eventually found it frustrating and confusing. I'm sure it worked for Ralph Nelson Elliot, but I have been unable to make it work for me. I found it is unnecessarily too complicated and places a level of interference between the practitioner (technician) and the actual market. I think you (or anyone) would be much better served devoting your learning to the basics of how the market actually functions. What I call the fundamental "structure" of...Ignored
DislikedHey DonPato I think we got our posts confused. Here is the post I was referring to. I think you went back to an earlier post from 2017 but this is the one from April 9th of this year.Ignored
DislikedI was asking whether you had taken that position based on market flow alone or whether you had also incorporated aspects of volume, tick data or climax, exhaustion and absorption as confirming indicators.Ignored