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Posted
3 hours ago, kadi said:

Use any reversal indicator with bookmap which provide L2 Data. Wait for the market to reach the liquidity zone(s) on bookmap (wallstreet cannot hide their orders). Once your indicator prints a reversal off the liquidity zone, take your trade. Again, as with anything in trading, its a probability.

Well i don’t like SL biger than 10 ticks on ES. Show me examples how you do, its easy to say u know but in realtime bookmap with small SL not really exactly… 

 

thanks

Posted
2 hours ago, shorttrader said:

Well i don’t like SL biger than 10 ticks on ES. Show me examples how you do, its easy to say u know but in realtime bookmap with small SL not really exactly… 

 

thanks

Easy. In picture 1...Market just opened. There is liquidity that has been sitting down there at 6280. see how price goes down there to grab the liquidity (picture 2). Now picture 3 show a reversal dot at 6280 area (circled in red). Look what happened after the reversal dot.

1.jpg

2.jpg

3.jpg

Posted
7 minutes ago, shorttrader said:

Market can go always lower. So what is your entry price in this example?

I strongly suggest to all traders to learn price action. As you can see in the picture 3. There were multiple wicks to the downside prior to the reversal dot. That shows buyers defending that level. Enter at candle close of the reversal dot candle. Stop loss below those multiple wicks. As with everything in trading....Its a probability. but when you have multiple things giving confirmation, then you have a better chance of this going your way. 

Posted
6 hours ago, kadi said:

I strongly suggest to all traders to learn price action. As you can see in the picture 3. There were multiple wicks to the downside prior to the reversal dot. That shows buyers defending that level. Enter at candle close of the reversal dot candle. Stop loss below those multiple wicks. As with everything in trading....Its a probability. but when you have multiple things giving confirmation, then you have a better chance of this going your way. 

But...price action is "stupid money" according to the dude from BestOrderFlow😂😂😂

Posted

Regardless though, dont kid yourself really. You are only fooling yourself.

We all know deep down inside, it aint that simple and easy. 

Trading is much much more than just having a simple chart with just a few indicators or strategies. 

It has a whole lot to do with a trader himself/herself to begin with. 

Doesn't matter if you give him/her the very best indicators out there. Doesn't matter if you provide them with the very best strategies or bots or best order flows or bookmaps...on the planet.

If it was that simple and easy, trust me, we wouldn't even be here to start with. 

 

 

 

Posted

Everyone starts out with the only thing on their minds and that is, how much they can make trading.

They sit there and they calculate, ohh if I make this much X amount of money each day, then I would have this much X amount every month. 

How exciting!

That is all that occupies their minds. At least I know and I admit now, that I was such one trader.

Yet, they dont even think for one second or even bother to learn how to manage and control risks well with their trading activities nor do they care much how to preserve their capitals.

 

 

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