6e is good on dom, but as with thinner markets you watch the same things just over more prices... instead of absorption over a tic or two you see it over 4 or 5
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After years in trading, do you still believe in get-rich-fast BS? 98 replies
Disliked{quote} I might shock some experts here by saying this... THERE IS NO EDGE IN THIS MARKET....ATLEAST NOT FOR LONG TERM SUSTAINABILITY TO QUIT YOUR PRIMARY SOURCE OF INCOME. IT'S A SUCKERS GAME FOR ANYONE TO THINK OTHERWISE (unless you want to move to Timbuktu and live on $100/month lol)Ignored
DislikedProblem with looking at charts is we are always naturally drawn to looking for swing points. They stick out so obviously and make trading seem so simple with hindsight. A key set up that is hard to trade from a TA perspective is the middle of moves, and this is where some of the easiest money is on the DOM when the market is breaking low with size. for example you have a range - based on your DOM Volume profile. it looks like this xx xxx xxxx xxxxx xxxx xxx xx The market starts to trade out side the range, know we want to know if this is likely...Ignored
Disliked{quote} Great post. Finally, someone on FF who knows what they are talking about.Ignored
Disliked{quote} As for knowledge specialization, its that kind I was trying to get out of strongtrader. My motives are probably not like most anymore, I'm not looking for some amazing strategy/revelation to help my trading. I've already seen ones that can be readily applied. Its more out of curiosity. I discount nothing and enjoy getting to know 'why'. So if some random fx guru claimed he met an fx buddha who betowed him/her the ultimate key to fx, well I will enjoy seeing how far his/her rabbit hole goes ...in my spare time.Ignored
Disliked{quote} Buddy they were given the wrong tools from the start. The moment they read a trading book, go to a trading forum, go to a trading seminar, looked a candlestick they were doomed. You were meant to lose money trading from the startIgnored
Disliked{quote} As for knowledge specialization, its that kind I was trying to get out of strongtrader. My motives are probably not like most anymore, I'm not looking for some amazing strategy/revelation to help my trading. I've already seen ones that can be readily applied. Its more out of curiosity. I discount nothing and enjoy getting to know 'why'. So if some random fx guru claimed he met an fx buddha who betowed him/her the ultimate key to fx, well I will enjoy seeing how far his/her rabbit hole goes ...in my spare time.Ignored
DislikedMarket makers move price intentionally to trap retail traders and they have been using the same or similar tactics for a long time. These can be seen for those willing to look but most are busy searching for the right combination of indicators or a certain set-up so they never figure it out. The chart below is revealing but I doubt most will figure it out. {image}Ignored
Disliked{quote} You did a good job highlighting where sellers should take profit! Those channels on your chart though.. they seem sort of off.Ignored
Disliked{quote} Ronda is not among the most liked guys here, but recently his posts are very honest and with great value. I do suggest to read him carefully, cause he speaks little... Here is how I look the charts nowadays. Not looking at the candles (they are black on black background - makes sense - right?), just to avoid confusions. The core of the rates engine is one, but the candles looks different. However their behaviour is exactly the same in all fx pairs. When one starts to follow the stop losses can quickly spot on this... {image}Ignored
DislikedMarket makers move price intentionally to trap retail traders and they have been using the same or similar tactics for a long time.Ignored
Disliked{quote} I might shock some experts here by saying this... THERE IS NO EDGE IN THIS MARKET....ATLEAST NOT FOR LONG TERM SUSTAINABILITY TO QUIT YOUR PRIMARY SOURCE OF INCOME. IT'S A SUCKERS GAME FOR ANYONE TO THINK OTHERWISE (unless you want to move to Timbuktu and live on $100/month lol)Ignored
Disliked{quote} That is very unlikely, cause retail money is just nothing... MMs are trading against the private pros/funds. And what you said is right, but the target surely is NOT the retail traders. Can you imagine Barca team to play against some street football players. And being very interested in doing that, hello?Ignored
Disliked{quote} If you want to learn how to draw lines all over your charts... here's a good thread... https://www.forexfactory.com/showthr...36#post9811836 Good luck....every object drawn on the chart makes you lose an inch of whatever edge you could gain. Sorry/I am against charts, I am against order flow, I am against SR/SD/trendlines/oscillators/ price patterns/forks/indicators/TA/PA/ buy low, sell high/sell high, buy low/currency strength (as a calculated measure)/ single pair, single timeframe/snipper-style trading/tick-based...Ignored
Disliked{quote} If you want to learn how to draw lines all over your charts... here's a good thread... https://www.forexfactory.com/showthr...36#post9811836 Good luck....every object drawn on the chart makes you lose an inch of whatever edge you could gain. Sorry/I am against charts, I am against order flow, I am against SR/SD/trendlines/oscillators/ price patterns/forks/indicators/TA/PA/ buy low, sell high/sell high, buy low/currency strength (as a calculated measure)/ single pair, single timeframe/snipper-style trading/tick-based...Ignored
Disliked{quote} Unless I am asking a question, I am really not looking for a response tinyurl.com/veefxIgnored