Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I have 24" monitor so I have Euro, CL, & ES. I often see one start a move before the others and sometimes the others follow and sometimes they do not. Yesterday was a good example, CL moved quite a bit but ES was flat.
Why not get a big monitor?
I'm sure you can find a use for your idea and I didn't mean to criticize the idea. What I wanted to get across is that attempting to trade all the markets will likely result in not trading any of them well.
i agree with cunparis i use to trade 4 markets will little or no sucess,for the last 3 years ive only traded the zn and gone to almost all winners,i have less to focus on and ive been able to lern the behaviour of that one market...sharky
Fair enough guys.. I have been messing around with this some this morning with a 9 Range chart for the 6E in dashboard mode and a 2 Range in the back ground and it does seem to help me get a better fill on market replay.. So maybe I will just stick that that for now..
hjay it looks good i love the idea i do the same just with my own twist so use what ever works for you that the whole idea of being a good trader different things make different minds tick,keep up the good work...sharky i want to see all you guys killing the markets daily
What is the difference between "range" & "range no gap"? I never thought of using a 2 range, it's an interesting idea.
I used to trade with 3 timeframes but TRO kind of convinced me that we just need one and I've found it much more beneficial to watch two markets on the same timeframe rather than one market two timeframes. But I like your idea of using the smaller timeframe to pinpoint an entry.
I'm testing the euro now, playing around with different ideas.
If you or anyone else has market replay for the past week on Euro, CL, and ES, would you mind sharing? I have downloaded Market Replay for the past but I'd like to go over the past week with it fresh in my mind. Unfortunately I didn't record the data this past week.
Wouldn't putting your stop under the last swing hi/low make for a lopsided R:R ratio?
I've been xperimenting with 8 tick target & 8 tick loss (4/6 for ES).
In my daytrading (not scalping) I would put my stop there but I wouldn't have a target, I'd exit on the first sign of weakness. So one winner would make up for several losses. If I'm scalping for 8 ticks then one loser would take away several winners.
I'm new to scalping so I'm still struggling with this idea.