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- RickM replied 21 hr ago
Hi Spitfire Rocky is the expert on Renko bar trading here but when viewing my own Renko trading stats over the last two weeks, it’s almost as good as ES (US500). This is because it has nice long trends when the Day offers strong volume, but I knew ...
- RickM replied 23 hr ago
Hi Rocky 100% correct with your idea to stay in the trade because the Cumulative Delta was telling you the buying was weak - STAY IN . Often I add after the PA corrects itself and starts travelling down more. A sign of a good trader is one that asks ...
- RickM replied 35 hr ago
Hi Guys Thought I would talk more about my Renko trading strategy by showing a trade I took tonight. Of course I am a newbie when it comes to Renko bars, but more of a volume fanatic to be honest. So lets see how I would trade these manic Renko 4 ...
- RickM replied Apr 27, 2024
Hi Rocky This is just my opinion from trading the ES & NQ E-Mini order books on a DOM for a few years. I'll keep it brief. The Cumulative Delta indicator (if using level 2 data) allows us to know when the High Frequency Algorithms have been ...
- RickM replied Apr 26, 2024
Hi Rocky Your thread was recommended to me by another ES trader recently so I thought I would drop in and see what happens here. Also I noticed that driven18 is also here, an old trading buddy of mine from a few years back when we traded together in ...
- RickM replied Apr 9, 2024
There often are situations where both traders are winning. Traders on the Day charts who are closing profits from long term positions to scalpers who are closing profits from short term positions. Both are winning And HFT Algorithms almost always ...
- RickM replied Mar 31, 2024
Hi mallee I doubt many would call it a strategy, but rather its more about experienced I have gathered from trading against trading Liquidity seeking Algorithms on the Future markets. I found its transferable to CFD markets as well and its far less ...
- RickM replied Mar 30, 2024
Peter C The best modern traders are the ones that are subconsciously competent at trading without any conscious effort. They are just obeying their inner sense and trade skillfully by cutting out all the real world crap. They have trained their ...
- RickM replied Mar 28, 2024
Hi Paul Not really, Rockypoints trading strategy is really good but its not similar in anyway. I spend many hours a week on a DOM trading US500 or Nasdaq Futures and what you see there is eye opening. Generally many traders enter positions by ...
- RickM replied Mar 27, 2024
Hi OutThere Looked at your private message and yours results look good, excellent work. Last time I looked I was on planet Earth so I thing we are breathing the same pollution crap air as well. I once traded a “NO stop” strategy and turned 3K into ...
- RickM replied Mar 27, 2024
Why are you afraid to take a stop loss? What’s a few pips here or there if you snag a 69 pip runner 20 minutes later. Meanwhile fearful thinking OutThere is still hoping for a miracle 1 hour later. A famous trading saying goes “why are you afraid of ...
- RickM replied Mar 27, 2024
But seriously OutThere Why don’t you do it tonight on a Demo account before moving to a live chart trading 0.01 lots so the risk of loss is only small. Pick a line in the sand which could be any moderate size MA you like and trade the any breakout ...
- RickM replied Mar 27, 2024
Hi Moneymaker If I gave 100 traders a profitable strategy, why is it only 10% of them become profitable. If you gave away your system to 100 traders, how many of them do you think would become profitable. Very few if any. Therefore it’s not the ...
- RickM replied Mar 27, 2024
Winning is all about Mindset. It starts with changing this. Be fearless when in profit and fearful when in draw down. If you can change your mindset to this thought process, you will be a bloody champion. Thats profitable trading in a nutshell, ...
- RickM replied Mar 27, 2024
Hi OutThere Will, I believe you have arrived at the most profitable trading strategy I use, seriously. Fear is your enemy, profitability is as easy as drawing a line in the sand, go short when it crosses it with a very tight stop and Zero profit ...
- RickM replied Mar 26, 2024
I would be BUYING - Its a trap. Those down moves are tricks to entice Sellers and there are many around at present. I've been Long since Friday and I'll hold firm with Stop at BE. No reason to do any different but wait to see if it runs this week. ...
- RickM replied Mar 26, 2024
Nobody knows where price is going, candles are there to fake us out when we are in profit or trick us before we enter. The easy way is to wait for extreme consolidation like in the chart above and trade the breakout with a tight stop - and stay in ...
- RickM replied Mar 8, 2024
Hi BestTraderEV On that GBPUSD chart of yours, my opinion is that entry was a valid setup but its 6 candles too early for confirmation trade for me that I would expect would achieve a higher probability setup. I see no reason why any trader should ...
- RickM replied Mar 6, 2024
Hi OutThere That indy isn't going to make you one dam cent, I am waiting for you to show us something decent to be honest. Personally I love indicators as they make trading far more interesting with some of them real dollar making machines. The ...
- RickM replied Feb 21, 2024
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