The brutal truth of day trading | Page 147 | Forex Factory

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The brutal truth of day trading

  • #2,921
  • Aug 6, 2021 6:13am Aug 6, 2021 6:13am
Quoting kette
{quote} You are right with your chart better not to trade or look for another market {image}
You are right.
With your chart better not to trade or look for another market.

haha that's better
Observer effect
  • #2,922
  • Aug 6, 2021 6:17am Aug 6, 2021 6:17am
Quoting ryuryu
{quote} You are right. With your chart better not to trade or look for another market. haha that's better

Trading has nothing to do with a chart
I use clusters like RickM
  • #2,923
  • Edited 6:51am Aug 6, 2021 6:21am | Edited 6:51am
Quoting RickM
{quote} Hi gepards Its best to pick it up on the footprint chart, the DOM can also help for order balance. Here is what stop loss clusters look like via data.
I have learned that footprint charts are of no use: 1. They only show market (executed) orders but not the important (pending) orders. 2. The numbers depend on the time frame, meaning what you think to see in one time frame is not really there in another..
What is better: A book map. A "book map" shows not only the current but also the order book history. Meaning you know where the liquidity sits, irrespective of other parameters.
Of course an book map you can only get with real volume aggregators (stock & futures exchanges).
Return To Disorder
  • #2,924
  • Aug 6, 2021 6:25am Aug 6, 2021 6:25am
Quoting rockit
{quote} I have learned that footprint charts are of no use: 1. They only show market (executed) orders but not the important (pending) orders. 2. The numbers depend on the time frame, meaning what you think to see in one time frame is not really there in another.. What is better: A book map. A "book map" shows not only the current but also the order book history. Meaning you know where the liquidity sits, irrespective of other parameters. Of course an book map you can only get with real volumen aggregators (stock exchange, futures).

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  • #2,925
  • Aug 6, 2021 6:33am Aug 6, 2021 6:33am
seriously
anyone who trades with it has a clear advantage, that's how I see it for me.
there is a reason why I buy here
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  • #2,926
  • Aug 6, 2021 6:35am Aug 6, 2021 6:35am
RickM
can explain this better than me,i only see the volume
  • #2,927
  • Aug 6, 2021 6:35am Aug 6, 2021 6:35am
Quoting kette
seriously anyone who trades with it has a clear advantage, that's how I see it for me. there is a reason why I buy here {image} {image}
Please stop teaching them. You and RickM give too much info for that lazy line drawers
Let them fill our orders with their fibo bullshit and risk reward stop losses
Observer effect
  • #2,928
  • Aug 6, 2021 6:39am Aug 6, 2021 6:39am
thank you
I have been told this many times
everything RickM explains, said in German has hand and foot
respect
  • #2,929
  • Aug 6, 2021 6:55am Aug 6, 2021 6:55am
Quoting kette
seriously anyone who trades with it has a clear advantage, that's how I see it for me.
Well, yes, however, for what it is, it is way too complicated (fifth wheel)..
Return To Disorder
  • #2,930
  • Aug 6, 2021 6:56am Aug 6, 2021 6:56am
Will close, that's enough
maybe someone has taken over the trade, good luck
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  • #2,931
  • Aug 6, 2021 6:58am Aug 6, 2021 6:58am
Quoting rockit
{quote} Well, yes, however, for what it is, it is way too complicated..

that's right,if you make it easy it runs like clockwork

  • #2,932
  • Aug 6, 2021 7:01am Aug 6, 2021 7:01am
someone is trading here with BTCUSD?
if so what is the experience.
  • #2,933
  • Aug 6, 2021 7:05am Aug 6, 2021 7:05am
Quoting tiborf71
someone is trading here with BTCUSD? if so what is the experience.
yes i


actually good
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  • #2,934
  • Aug 6, 2021 7:10am Aug 6, 2021 7:10am
Quoting tiborf71
someone is trading here with BTCUSD? if so what is the experience.
The spread for BTCUSD is good, you can trade it on IC Markets. Their other cryptos have too wide of a spread for me. But still, any currency would still be better than BTCUSD. The price action on any currency is better than BTCUSD.
  • #2,935
  • Edited 7:44am Aug 6, 2021 7:12am | Edited 7:44am
Quoting ryuryu
{quote} Please stop teaching them. You and RickM give too much info for that lazy line drawers Let them fill our orders with their fibo bullshit and risk reward stop losses

Thats not very nice

Thursdays and fridays this lazy line drawer enters trades for the following week, so when all you lot start monday i am already 2 days ahead

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Not a bad start to next week is it

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  • #2,936
  • Aug 6, 2021 7:16am Aug 6, 2021 7:16am
Quoting kette
{quote} yes i actually good {image} {image}
I trade in m30 time zone, now for example I judge that the price will fall. by noon tomorrow for sure.
we'll see.
  • #2,937
  • Aug 6, 2021 7:21am Aug 6, 2021 7:21am
i never think that far, i am a standard trader with market profiles but let's be surprised
  • #2,938
  • Aug 6, 2021 7:23am Aug 6, 2021 7:23am
Quoting Wags
{quote} Thats not very nice Thursdays and fridays this lazy line drawer enters trades for the following week, so when all you lot start monday i am already 2 days ahead {image} {image} {image}

very good ,Pivot suits you
I flew EURNZD through sl today
  • #2,939
  • Aug 6, 2021 7:25am Aug 6, 2021 7:25am
Quoting kette
i never think that far, i am a standard trader with market profiles but let's be surprised
market profile is a very good strategy system.
  • #2,940
  • Aug 6, 2021 7:27am Aug 6, 2021 7:27am
Quoting kette
{quote} very good ,Pivot suits you I flew EURNZD through sl today

Correct, everyone is different

People need to find their niche and work with that

Cheer Buddy
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