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How to Beat the Market Makers at Their Own Game

  • #221
  • Jan 24, 2020 5:36am Jan 24, 2020 5:36am
Quoting MiRain
I don't know if that's lucky, but I'm pretty damn lucky today. 400 Pips done {image}
400 pips??

Don't you mean 40 pips?

Even so, well done - very good. GBP is tanking today - so far anyway!
  • #222
  • Jan 24, 2020 5:42am Jan 24, 2020 5:42am
Those who were brave enough to have a pending sell order in the red zone here on GBPAUD would have been richly rewarded.

If it goes up from here as per the blue zone I will really be amazed!
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  • #223
  • Jan 24, 2020 6:09am Jan 24, 2020 6:09am
GBPUSD and GBPCAD Selling heavily
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  • #224
  • Jan 24, 2020 6:11am Jan 24, 2020 6:11am
Quoting MiRain
I don't know if that's lucky, but I'm pretty damn lucky today. 400 Pips done {image}
Nice Work
  • #225
  • Jan 24, 2020 7:01am Jan 24, 2020 7:01am
Well that support area at 1.9100 held again - at least temporarily! Of course with NY session about to start who knows what the boys have in mind
  • #226
  • Jan 24, 2020 7:46am Jan 24, 2020 7:46am
Quoting Mtinifx
{quote} 400 pips?? Don't you mean 40 pips? Even so, well done - very good. GBP is tanking today - so far anyway!
haha yes 40pips sorry for that
  • #227
  • Jan 24, 2020 7:51am Jan 24, 2020 7:51am
Quoting Mtinifx
Well that support area at 1.9100 held again - at least temporarily! Of course with NY session about to start who knows what the boys have in mind
Aaand....It’s Friday...
  • #228
  • Edited 12:40pm Jan 24, 2020 10:06am | Edited 12:40pm
Quoting MiRain
{quote} Aaand....It’s Friday...
I was watching a video the other day about some forex pros who have made huge amounts of money trading forex but even they talked about making nice profits in the morning and then often giving a lot of it away in the afternoon NY session. The NY session is often very volatile and violent changes of direction are common. Can be lucrative occasionally but I wonder is it worth it to trade at these times
  • #229
  • Jan 24, 2020 1:50pm Jan 24, 2020 1:50pm
Quoting Mtinifx
{quote} I was watching a video the other day about some forex pros who have made huge amounts of money trading forex but even they talked about making nice profits in the morning and then often giving a lot of it away in the afternoon NY session. The NY session is often very volatile and violent changes of direction are common. Can be lucrative occasionally but I wonder is it worth it to trade at these times
I've noticed that, i like this way of thinking. Best example is todays XAU/USD chart. Today this currency went into infinity. Of course news etc. make a lot of difference, but I couldn't do a D&S analysis...

There are a lot of theories, the best thing I have learned is to find your own way, which one you feel most comfortable with ;-)
  • #230
  • Jan 25, 2020 7:28am Jan 25, 2020 7:28am
So far this month results
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  • #231
  • Jan 25, 2020 7:47am Jan 25, 2020 7:47am
Amazing results.
  • #232
  • Jan 25, 2020 8:00am Jan 25, 2020 8:00am
Quoting GrowPro93
Amazing results.
Thanks. hard work pays off
  • #233
  • Edited 7:08am Jan 26, 2020 3:15am | Edited 7:08am
Yes really incredible results. There is no doubt whatsoever that this works

I was looking at the charts and noticed plenty of other opportunities which anyone could have taken for a lot of pips just like newbie2014. For instance GBPJPY on 21st Jan and EURNZD on 23rd Jan amongst others - it's a matter of how one looks at the charts. Rather then worrying too much about finding S/R levels it's more a matter of watching out for trend exhausion areas and trading the reversal, once the reversal is identifyable and on the move
  • #234
  • Jan 26, 2020 6:56am Jan 26, 2020 6:56am
Learning a lot from you Newbie. Thanks :}
  • #235
  • Jan 26, 2020 12:30pm Jan 26, 2020 12:30pm
Quoting petezer
Learning a lot from you Newbie. Thanks :}
i'm so happy to hear that .. keep it up ..
  • #236
  • Jan 27, 2020 1:10am Jan 27, 2020 1:10am
I've just followed this thread, read every posts very carefully, and learned so much, realized I was trading but didn't really understand the truth behind the price action...

Today, I only found a entry point worth to getting in. Looking forward to hearing from you newbie2014,

Many thanks.
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  • #237
  • Jan 27, 2020 6:37am Jan 27, 2020 6:37am
Quoting Thgoldenstar
I've just followed this thread, read every posts very carefully, and learned so much, realized I was trading but didn't really understand the truth behind the price action... Today, I only found a entry point worth to getting in. Looking forward to hearing from you newbie2014, Many thanks. {image}
you are welcome
  • #238
  • Jan 27, 2020 1:03pm Jan 27, 2020 1:03pm
Hey newbie2014
How was your day in trading?
  • #239
  • Jan 27, 2020 4:31pm Jan 27, 2020 4:31pm
Hi Newbie,
Great trading and thanks for all the info.. I want to try and trade like this.. Are you monitoring these trades yourself? I was wondering how you come up with the take profit position? Any help would be greatly appreciated! Thanks
  • #240
  • Jan 27, 2020 7:30pm Jan 27, 2020 7:30pm
Quoting GrowPro93
Hey newbie2014 How was your day in trading?
Mondays normally slow .haven't found any good setups .. But i managed to get some pips from silver ...
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