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)
What do you mean? These lines were supposed to be areas to try long, short? What's not lining up?
Thx
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Pit folks look for a 50% re-trace, half-way-back, pullback of any move to enter a trade, long or short
In this scenario it would be a re-trace (50%) of yesterday's moon shot. It's not uncommon for a compulsory move to come back (give back) at least half of the move (gains.)
Skull fuck the longs.
I'm not trying to be an ass, please don't take it that way
-Bill_M
EDIT
After typing that, I would say accumulation for distribution (0950amET)
As to who will be the bag holder -long or short- we will see (I'm thinking going long, a minute or two will tell.)
EDIT2
I always pull low to high or high to low, regardless of time frame. Some say that is a backwards Fibonacci pull - however 50% is 50% (yellow line, always the yellow line.)
long 50.98. I am in 40 ticks mode. Scaling some and then holding some for bigger move. It's not fun when it takes 45 minutes of hold time to get paid but that's the way it is.
Chart is from yesterday post.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Why i am in 40 ticks mode from the long side so far.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Added to longs 51.15 and will add above 51.80 area if new buying comes in. Will keep scaling in between. I am in no mode like Tuesday where i had 40 ticks gains but i kept adding and ended up with 13k loss.
NOTE: Need to go above 51.80 by 40 ticks ( more the better) and then add to longs on pullbacks. Otherwise no add for me.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.