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)
I try not to take longs till ADX stop going up and comes down. Example from yesterday. Same thing today. ADX is up and up, i have no interest in trying to pick bottoms. Only exception is when real buying shows up. CL bouncing between 47.60 to 47.90 has NO VALUE for me. ADX needs to settle down or REAL buying needs to show up.
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.
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.
Long 47.44 . Out some 47.72. Will add to longs on pullbacks. Short NG. Damn $ has put a cap on CL as far as up moves goes. What about down moves.? I have no idea. It's easier to define resistance areas when an instruement is in a macro bearish trend. To pick bottoms in case of CL is not a good idea.
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.
Market Profile is not a trading method- at least to me. It's a way to look at data just like candles etc. Start a journal per your method and show how use whatever you are using. Anytrader can also post in this journal also. In the end it all comes down to who can put the trade on. The entire world can see that CL, NG and GC have been in a bearish trend for some time. If one can put a trade together with that macro trend in mind- that's all matters.
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.
Nobody wants any risk but want all the glory with the least amount of time. Risk 10 ticks to make 100 ticks in 15 minutes etc.
Identify the macro trend and then short every bounce till trend is clearly reversed.
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.
$143 stocks now available for a special price of .46 cents. Any takers? Stocks are best suited for swing trading. I just watched this stock and others in this sector for 4 years. Have been short BTU for some time. One can learn a lot just by watching. For trading i pray for 2 things;
1) For a bullish trend- a pullback. Example, Russell pull back to 1203 from 1243 over last couple of days.
2) For a bearish trend- a bounce. Example, bounces in CL, NG, GC, KC etc.
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.
The way CL consolidated around 47.30 area for 2 hours and then up 130 ticks into the close, i thought 47.30 area will be low for this week. Turned out that 130 ticks up move was a head fake since CL gave up all the so called gains and could not find a bid all day yesterday ( Thursday). I had to bail out after adding to longs into pullback.
Time to figure out next trade. My preference always is to wait for a bounce to reshort. But what about if there is no bounce since the price is week? Shorting into the hole is a tough one. It's tough for me to find a stop loss area. Only solution for shorting in the hole is to use small position size since stop loss is quite wide. Short 47.24 during Asian session. As i open my computer this morning and see CL at 46.62, i am wishing i had shorted 10 cars. Wishing and day dreaming is not helpful. Since i could not afford stop loss required on 10 cars, it was the right decision for me.
Update: Nat. Gas down another 1.23% from yesterday close.
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.
Staying short but it's not easy as we get different signals etc.
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.