Most volatile EU/GU/XAU/BTC trading

Hi Mihajlou!

I have read a lot of books, but better not to waste time for them. Or use youtube 2x to listen them. As I have found books about trading are full of same bullshit like you can find on every broker website: stochastic and RSI shows oversold, moving average is lagging, risk-reward ratio nonsese, stop-loss mantra and so on. They are all equal. Zero knowledge, 90% lie.

So I can't suggest any book to read. I suggest these 3 things to study:

1. Forget all the forex fairy tales
2. Study the difference between market and limit orders (market maker, market taker). And how stop loss works.
3. Study how margin (leverage) calculated.


Example of forex fairy tales:

1. Price (traders) "respect" EMA200 - bullshit. EMA200 is moving average with 200 length. Price will ALWAYS hit and cross it. Price hit and cross it not because some "respect" it, but because it is average.
2. RSI shows oversold and overbought areas - bullshit. There are no volume data in its formula. And it is oscillator. So it is double lie that is works like they say. Broken watch can show correct time twice a day. Same as RSI can show oversold that way too.
3. Always use stop loss - bullshit. It depends on trading style, and many other conditions.

But may be I'm wrong and there is a good book around. Will be happy to read it then.

Let me show how some demo dreamers cheat you.


Look here. Is it new low?


Let's see...

oppps, nope


But may be this is new low?


Ouch... not again.

But. Look here:


Seven. Fake. Marks. In-a-row. SEVEN. And of course few nonsense lines + a lot of blah-blah-blah.
The problem here is that ALL THE MARKS made with data that WAS NOT AVAILABLE at the moment of the mark.

All the SEVEN marks make no sense at all. They are useless. You can set them only on historical charts. In the past. It was impossible to see them in real time. And it was impossible to trade using them.

Do not believe such a cheaters. They are trying to show you nice picture, but there is nothing to do with it in real trading. I'm 100% sure they are not traders and they are not trading with real money. They are retired demo dreamers. Because it is impossible to trade with real money using that. It is too funny for people who really trade.

Turn your brains ON. And while "great" traders wish me blow my account and lose all the money I with you all stay green!

Quoting ryuryu

Disliked

{quote} Hi Mihajlou! I have read a lot of books, but better not to waste time for them. Or use youtube 2x to listen them. As I have found books about trading are full of same bullshit like you can find on every broker website: stochastic and RSI shows oversold, moving average is lagging, risk-reward ratio nonsese, stop-loss mantra and so on. They are all equal. Zero knowledge, 90% lie. So I can't suggest any book to read. I suggest these 3 things to study: 1. Forget all the forex fairy tales 2. Study the difference between market and limit orders...

Ignored

You really hit it had on 2 and 3. Well done.
That's just it man.

Let's talk about delta and its calculations.

What delta is? Delta is the difference.

Difference of what? Of what you want.

For example it can be difference between buys and sells. Like buys - sells. Or it can be sell - buys. In fact it doens't matter.
It can be difference in buys vs sells for some price level. Or for some time period.

Also you can check delta of the orderbook. The imbalance of limit orders.

So if you have real trading volume data you can have a lot of data to analyze.


+39.27% today

Exactly - Imbalance is where the market is headed NOW

But

Volume has limits
Delta has limits

If you don't know what their limits are, your'e missing out.
The clues are on this chart, also on any chart - but you have to analyze it first.

Great chart RickM ! what platform are they from?

+33.57% today

Want to trade like me?

It is easy!


all you need is volume! Volume is the KING!

Cool cool, expecting gold to drop more?

Hi Nozzer

Quantower.

I have a choice to trade on either Seirra Charts / Motive Wave / or Quantower to trade my markets.
I find Quantower excellent in trading Crypto and Future Markets, and I can trade all at the same time seemlessly on different tabs..
Its updated almost every day at present which is quite remarkable as they are based in Ukraine.
Fastest support for any multi connection trading platform out there.

Tonight the three Amingo's had a great trading session mainly trading FITFIUSDT.
Trying to keep up with Ryan's bot is total bloodyhell. Quantower allows me to sneak in some other trades in behind Ryan's back - unfortunately my result came in at Just +5.89% increase in equity

We don't stop - tomorrow is another trading day whilst the Forex guys probably sit around getting drunk, and perhaps mowing the lawns.
We will be working.

do you trade using charts like that or simple candle stick chart without any thing on it?

You are doing great. I would like to know what you are doing, calculating. I have not traded cryptocoins.