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)
Straight Forward day on grease following an ID NR4 NR7 off the daily chart....solid ORB play with the 30-60min OR.
15min chart diverged in the Dark Zone between the NY and London Highs.
Price under the 20ema the rest of the day!
Hook the retraces to the short side all the way down....slow line staying below zero all afternoon.......cover the shorts on the white retrace bar, previous low and diverged lows!
NG still my favorite, but CL is holding it's own!
If you can keep your wits about you while all others are losing theirs, and blaming you....The world will be yours and everything in it, what's more, you'll be a man, my son. - Kipling
They are the order markers for long or short trades, but unfortunately they do not distinguish between selling that closes a long or opens a short position and you cannot connect the trade marker for opening the trade to the marker which closes that trade.
If you can keep your wits about you while all others are losing theirs, and blaming you....The world will be yours and everything in it, what's more, you'll be a man, my son. - Kipling
I'm looking for the crude to run to 94.80's in the near future. Likely won't happen today, but I see that as a great first target as this new (likely) bull phase in crude gets underway.
I have targets out a bit further than that but I can see your logic. We are nearing the 50SMA on the daily chart and I do expect a bit of a thrust up through it into that area.
I suspect I'll get a reversal signal before my target is hit and will be watching that zone closely for my first ever swing trade.
Entry price of 92.55 is decent and I'm hopeful for follow through again to the upside on Monday. I probably should have increased my size on this trade today but since its the first one, thought I'd just ride it out.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
Yeah man, certainly higher upside targets, but that one is the first real area that I feel will magnetize price to it. All the way back up the the highs of the looooong term wedge is the final target!
@indextrader7
94.80 sharp before a 3.5% drop ... Hats off!
I bought 91.70, got ran over, bounced, closed for a 20 ticks loss. Much later I bought 91.20, made 30 ticks. Quite miserable. Expected much more of a profit-taking bounce.
See it breaching the monthly VWAP and moving ticks away from 90.0 in the following days. Hopefully even further down to reach the trendline coming from Jun-2012.