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Stephen Nelson (sbnelson2005)
Oct 20 2015 at 10:16
41 posts
@remccloud24 That is a sure fire way to get whipsawed out of the market with a loss. The institutional bang both sides of the retail players in the market and blow your stops before ultimately moving the market where they want. I avoid NFP like the plague and usually all High impact news events.

As a new trader I would recommend studying volume and price action. Stay away from the inicator junkies that riddle this marketplace.

janfx
Oct 20 2015 at 13:42
1 posts
Hendrik_FX
Oct 21 2015 at 06:20
1 posts
Stephen, you said everything! Its incredible how the sharks bang up and down with spikes just to wipe out the suckers! I was one of them!

Stephen Nelson (sbnelson2005)
Oct 21 2015 at 13:08
41 posts
Hendrik_FX posted:
Stephen, you said everything! Its incredible how the sharks bang up and down with spikes just to wipe out the suckers! I was one of them!


The reality is that they need liquidity to trade with the volume they have so they get a lot of it from the retail who doesn't know any better. That is why I'm a student of Volume and even then I'm only right 70% of the time.

Stephen Nelson (sbnelson2005)
Oct 24 2015 at 11:11
41 posts
Late to the party and I still made 1% in 10 minutes. Keep reading and become a student of volume.




Volume print is the brownish box dragged across chart. Massive price rejection with a close above at point 1. Sellers can't get any traction below. I would usually have gone long at point 2. as price closes above the volume print nicely. (I was away from the charts :(p...) The second opportunity to get in this trade that I took was as price breaks above the value area and has a low volume tap back to the top edge of value. Go long for the nice price spurt back higher and close out for a 1% return in 10 minutes. If price closes back down into value at point 3 then I'm out as PRICE has told me it's not ready to go higher.

I would typically have stayed for a few hours as price will usually reward me after this type of action. The fact is that I was tired and didn't want to hang around to shoot for a longer session play.

Questions?

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theHand
Oct 24 2015 at 11:26
365 posts
@sbnelson2005

This is so hilarious.

Where exactly are you getting your volumes from? There are no accurate volume figures for fx. You're looking at ticks counts. What you're actually looking at is volatility, not volumes.

Unbelievable.

Stephen Nelson (sbnelson2005)
Oct 24 2015 at 17:37
41 posts
Everybody knows this. You are missing the point. It's price action in relation to increased activity and prices resulting action. Interesting how a review of all your post's shows nothing but antagonistic and badgering drivel. Stop bashing, put your track record online (don't see one in your profile) and actually contribute if you can. Otherwise find someone else to annoy and let those who need help learning ask their questions.

theHand
Oct 24 2015 at 23:11
365 posts
If you did look at my posts, as I pointed out to someone else, you'd notice I only react when I see something that's completely inaccurate or misleading or I think I can help. If you know you're not looking at volume then don't call it volume. Details are everything fx.

Volume and volatility are completely different concepts, the latter involves time and then period or frequency becomes critical. It's like calling the moon the sun, sure both hang in the sky but one is a huge burning ball of gas, the other a pile of rocks and dust.

And no I don't post my results generally. I have no reason to, not looking for recognition or clients. However, I suppose I should prove that I do know what I'm talking about periodically. So here's one example:






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Stephen Nelson (sbnelson2005)
Oct 24 2015 at 23:39
41 posts
Hmmmm...... You post a screenshot of someones results. Typically you'd post a link that is in someway associated with you???? Let's assume for a second it's yours. It's less than 4 months old with massive draw-downs and looks incredibly like yet another Martingale/Grid/Next Big Blow up.

Please stop wasting our time.

theHand
Oct 25 2015 at 00:15
365 posts
The markets are openly and obviously manipulated, any good system will take that into account, but I will definitely not make that my system like you have. The spikes happen so infrequently , meanwhile there are about 25 000 to 40 000 ticks or value changes per day per pair you can profit from.

That's why I can run like this.

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