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)
Have woken up to find my missed trade has cost me +10 at 4th level 3rd trade...cost me big time as losses very small....damn, damn!! ...can't be here 23 hours a day and I do have a life. The trades would have been
S130625
L 130800...and it hit
In summary, the 1st series was (3 1/2)...2nd series was net ( 1 1/2) as had a profitable trade...3rd series was net profit...+3...
Overall series was net loss (2)....plus comms on 30 contracts... a pain
After my little disappointment from last night...there was absolutely nothing to do...and probably not before tomorrow sometime IF it backs off to around 1223...
One of the things I am going to explore is the dirfference between setting the profit goal based on the initial entry as opposed to running profit goal...
Reason although there should be little difference it may provide opportunities to exit earlier with a profit if the initial entry is lower + side/ or higher - side compared to the running profit goal of +/- from the last entry.
Have to find time to do it ...my only concern is what kind of additional exposure do I have when compared to the 2 different profit goal levels...not concerned about the profit differences.
I would go with the lesser exposure even if it means less profit...
Williams% is voodoo...I trade using it as a contrarian indicator from what it is intended...only used when I have not a trade on..runs around 50% ..pretty much most of the time.
CMO is work in progress...has high probability signals around +/- 40 and 50 'breakdown'
I use EMA100 and a 5 point momentum price range...seems to be unique to OEC...so you can look at straight 5 point price range using other platforms...
I was going to switch brokers and go with Ninja...have completely backed off and will definitely purchase MultiCharts and stay with OEC..
BUT I will need help with writing my stratgies to go 'auto' as I am pretty dumb when it comes to computers .My strategies are simple with just a couple of conditions related to order placements and stop loss ...the latter runs off daily opening balance percentage NOT price ..
Thank you for your reply. Currently I have NinjaTrader 7 and CMO (it's probable OEC inbuilt indicator) is not avalable, I added EMA 100 to my ES chart. Could you check your indicator and let me know what the period of William's%R is? Please check the attachment for my request. TIA