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)
This is a perfect day to get slaughtered with moving averages and such.....in my view we should end up lower unless we get to 761.5 and stay there.
We are in a choppy range obviously so you have to look for good signals at the edge of the range and expect to see some chop but also move your stop to break even as soon as possible.
We did get a breakout lower so in my view we are headed that way but that is taking a lot of heat and like I said is not invalidated until it breaks through the top of the range and stays there.
I looked for a retest and failure when it came back to 756 and saw nothing at that point so I just continue to watch for a pinbar or something that would tell me it's done pushing up.
At this point a pinbar anywhere should cap it off and it should make new lows...(as long as it is under 761.5 like I said).
Anyway to get to the point just look for trades at the edges.
Edit: It is imperative that you get good PA to go off of......don't jump on half-assed signals, just wait.
It is possible that it just took out the low and might go set new highs and keep going.....get PA..
i like the 5min chart for all confirmations....but damn that tf moves fast. my first couple days trading sim i was getting destroyed just from being stopped out, then right as rain, it would move in my anticipated direction.
favorite short term indicators? i've tried perry's, but now i'm flipping between better_volume, still using double ma, and priceaction swing pro.....
Sounds good, I can't argue with upside possibility...I think it we get above 762ish it will likely run up nicely but I'm still looking for PA to go short in the mean time.