Disliked{quote} I always heard that a broker will categorise a trader based on their perfomance and place them accordingly, trade with the good and against the bad, like any good bookmaker would Out of interest how did the strong moves affect your trading today I got ripped overnightIgnored
For me its about the relationship between volume / delta and expansion.
Is this additional volume from big players been used to accumulate one sided delta within a order block / grind or are they releasing one sided delta to create a large bearish or bullish trend.
Lets look last night at two different situations in EURUSD and GBPUSD.
EURUSD was producing positive delta for me which means a average bullish delta candle was correctly producing a bullish trend. Therefore its easy to trade with just a Cumulative delta bar chart and just take long trades when it swings back bullish. Here we have Buyers creating a bullish trend WITHOUT obstruction from big players liquidity.
GBPUSD on the other hand was producing negative delta as the bullish delta but was being ABSORBED by big players within a strong bearish grind. Basically the big players were manipulating price and destroying retail traders.
Therefore on EURUSD, liquidity was assisting the bullish move and also the bearish move thereafter while liquidity was blocking the move on GBPUSD.
On the question you asked, I traded mainly EURUSD even though it had a smaller range than many pairs last night because I could trust the liquidity to assist price movement. I can take about 30 to 40 trades at M1 turn points with little fear I would get hit with any draw down.
So I traded EURUSD larger with Buys as soon as M1 delta showed a good bullish delta candle and traded larger with sells as soon as M1 delta showed a good bearish delta candle and never lost 1 trade - 100%
If I had traded GBPUSD, I would have got caught a few times with larger draw down than I would like and perhaps made a wrong decision.
I choose to be precise with low risk moderate profits over high risk / high profits.
Profit results was about double my average of this week, a very nice trading day. However I had family duties occurring which prevented me achieving a even better result.
Cheers Rick
Trading thin liquidity at the boundary of the charts
2