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)
Dec 7: Couple of decent trades, ruined by tightening up stops and not recognizing the range early on. Wish I would have jumped in at the bottom of the range on that last trade. Would've been art.
I will make a post of a leaderboard if people will post their totals at the end of the week.
"It does not matter how slowly you go, as long as you do not stop." Confucius
What a crazy day, I decided to trade multiple lots on a day when the large institutions want to play ping pong with us lowly retail traders. I was fighting PA all day at times being ahead only to have PA take out my risk. Managed to pull out $10 from the market, not including commissions. Might stay on the sidelines tomorrow...JP
D1:
We're dropping into a major level here around 1730. One would expect a significant bounce here, but the fact that we've gotten here at all is cause for concern for bulls. The up move that started at the beginning of November and retook 1730 pushing up to nearly 2000, if it had any legs, should not have fallen apart like this. The path of least resistance continues to be down, but don't expect 1700 to give up easily. A bounce toward 1850 today on a reaction to the number is certainly doable.
H4:
The downswing so far this month has been not very volatile. Just controlled, sustained selling since the start of the month. We'll certainly see some volatility today. We sit pressed into major support and "oversold" into the bottom of the current channel. The lines are relatively clean so the plan today is to just stay zoomed out to not get confused by extra volatility and trade what I see. Be prepared for a waterfall if the 1700 level crumbles, but if it spikes through support and buyerrs step in, don't be unprepared for a run up. If the reaction pushes the euro up over 1780, see if you can jump on board, but don't hesitate to fade 1780 or 1840 if it's turning over.
Thanks, unfortunately no. This being my first time watching NFP on 6E I sat on the sidelines until I had enough 5 minute bars to make sense of the structure. Now I see that just 3 bars in, after the shakeout on the bottom end, there was a good spot to buy there. I'm still reading "patterns" and need to think more along the lines of pure price.
I was stalking a short as price slowed from 70-75. Looks like I was too tentative there too. We'll see if it comes back to fill me at 1768.
I can see this stuff, just have to learn to execute on that hard right edge.
Decent results today on 1 trade. I was afk for as lot of that trade, and after, making breakfast etc. Fist off at +10. As I trailed my stop down on the 2nd it almost hit the target, but I ended out at +8. Hopefully I can continue waking up early next week and get some action in the wee hours, string some winners together.
Dec 5: -$7.37
Dec 6: -$15.66
Dec 7: -$14.08
Dec 8: $17.17
-----------------------
-$19.94