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)
My wife called from work. While we were talking price action NOT only did not confirm a long setup on the ES but I missed the perfect entry for a short as the downtrend continued. Bummed - I would have been done trading the Combine for the day and could have gone to my live account.
Took a quick scalp on ES with triple divergence. 2 contracts stopped out at 2 points. Turned around and did the trade again with 2 contracts for 2 points. Basically down commissions.
Missed another great setup on ES as I was talking to the Doctor. This one would have been 4 contracts for 3 points on ES. This is the one I was waiting for.
The higher low has been established. Put entry in place and it missed filling by 1 tick. First target would have been 46.78. (+25) Second target at 47.06 (+49). That is trading!
Price after moving all the way to 46.74 did retreat to my entry point but I didn't take it. I prefer 1st test. Downtrend may resume have to watch and see.
Sideways congestion on CL. Not sure if I will make any more trades today. May just take the money and run. I have reached my initial Combine goal for the day. However, I need to recalculate to see what I now need after the other day's loss.
It should be a nice breakout move on CL which ever direction it goes. Look for about 50 ticks either way based on the congestion zone. And all I need is a little piece of that. Either a target of 47.20 if it breaks up or 45.67 if it breaks down.