Forex trading 2019 TA/FA setups and discussion

Originally posted by RickM: ↑

Hi Sharks

This is something i have been working on since the beginning of last year. It all started from a post from a buddy of mine back in 2017.
The problem I have with the Markets is when I take trades in Forex from good setups, there is normally only around a 65% win rate over average.
Some months are better, some worst. Now by the time we remove trading mistakes, missed setups, Red News events destroying setups etc., we sometimes end up at only about 58% win rate. So I suppose I am using past information of from the last few candles to predict the next few candles.
This really isn't a great way to earn a income so i have been searching for a method to start riding with the big players rather than against them.

I do feel that there are two ways to really get on top of the market. The first method is pretty much what I talked about on my first posts here, just trade Day Chart swings and start building a basket of trades. Nothing to hard about that and its safe because you would keep trade size small and aim for 1000 pips. The advantage about Day Chart trading is NEWS has little effect to Daily swings.
The second way is what I have been working on last year and that's trading first on the 5 minute chart and now on the 1 Minute Chart where I am attempting to ghost the big player movements. In the end, its no different to stock trading in knowing where the orders are and knowing the Big Players who probably have 1000 Lots to Buy or Sell need to off load them. It seems that there is never enough Liquidity for them to make money this way so they have to create orders by messing with Retail Traders minds. In my mind, they are just moving the market to points on a chart to introduce FEAR. That's Fear on missing easy money or Fear they will lose their account.
So, with the Help of a Australia trader, I have nailed there moves very well on a 1 minute chart. What I am seeing is not Random Price Action. Its 10-15 pip swings that on each leg take out the last higher high or lower low by a few pips and reverse. They set these small targets and just swing all their way to their bigger target. That is all they are doing. They only lose control during major Red news events when mass Buying or Selling can't be controlled. And only for a very brief time.
You can see the targets they set swing within 2 pips of a obvious target in a tight range. Its really incredible. The problem in trading these moves is knowning which targets they want, is it the Bullish Target or the Bearish Target.
Anyway using a few tools to narrow down the correct moves to jump on last week, my win rate increased to 86% on the 1 minute Chart.
I had a 6% rise in my Equity last week alone.

It has made me rethink a lot of my trading theory's and discard them.

Resistance is just a Psychology Game played by Big players
Supply and Demand are just the same garbage, psychology games- these terms make you think your a great trader
Trends don't really exist, they are just a area of orders that has bigger spaces between them and they are closed in a hurry in great numbers.
Trend Trading is accepting the challenge set by the big players, most retail traders lose.
The market is never bullish or bearish - it goes where the Big players need to make money.

Rickm has finally loss his head
I have been lucky to be able to correspond with a three great market traders who have been at the game for a combined 70 years.
If you stroke the ego of a better trader, you never know what you may learn.

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Hi Rick,

Great post!

In your opinion are there any of the Majors / Minors / Crosses that the banks don’t target or target a lot less?

Or conversely, which pairs are their main playgrounds?

Thanks in advance.