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Hi SpecWe could have a great discussion on your post, I have...

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RickM

2,131 Posts.

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26/03/19

22:19

Post #: 37893333
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Originally posted by specgoldbug: ↑

I am writing a book on forex....but its for myself...and noone else....

This is the first 4 paragraph:

Forex, the most liquid market on earth, by virtue of its sheer liquidity, is the most challenging trading on the planet.

Ruled by liquidy pools across multiple trading time zones, volatility is assured, and the design is to take your liquidity...or if you are good enough ....give it you.

The 'Dog eats dog' concept rules the forex market. And the complex algorithms will swing price based on where net profitability is highest. Fat fingers are merely algorithmic spikes into liquidity zones, and without guaranteed stops these will bust an account or worse, conversley guaranteed stops allow the dark market to see where you are hiding- however they are a nessecity and the cost of doing business.

For this reason I have concluded the only way to reliably take your share from the market is structure. The market seems to allow those, trading stucture.....to take their share...why this is ...I don't know.

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Hi Spec

We could have a great discussion on your post, I have different ideas but that doesn't mean your concepts aren't good to.
Please stick to Naked candles on this thread so we can work together.

Here was my USDJPY trade I took and closed a hour ago.
Entry Candle was 32 Pips and I achieved 32 pips profit.
There is one issue with this trade that was RESISTANCE just ahead. Due to my experience, I was sure the power in the entry candle would break resistance and move ahead. This was a risk I won't take on candles lower than H4

So I did achieve 32 Pips but I broke my entry conditions on this trade and got lucky.
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