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)
Hi Massive, are you swing trading or intraday trading? Which currencies are you watching?
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
I only make a couple of trades per week. I do mostly intraday.
If I do hold it's never for more than 1 week and most of the time 2-3 days.
I will trade any of the currencies if they meet my criteria.
I also like trading ZN and every once in a while ES although
I mostly forecast.
Right on, Fat Tails. I agree. I've used fibonacci before and they do seem to be self fulfilling because
a lot of traders use them.
Did you trade this one or were you just forecasting/target scoping?
Accumulation from Friday in /ES proved to be in play today for anyone flipping long.
I'll have to take another look at price and volume later and reassess.
No, I did not trade it, I just made a comment on the first chart.
Harmonic patterns and expansions work quite well in FOREX, as they are used by many FOREX traders, so I made an educated guess, where price was headed for. The target, which was the 127.2% expansion in confluence with other lines was hit one day later.
I like this trade, not because you didn't make a killing but it shows me you're a good trader. You have good entry, good management, and the most important...good instincts. Thanks for sharing.
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."