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)
Typical lunch hour price action. " One way i try to put some value in an area for support/resistance, for example for CL if price moves 100 ticks from that area"
Long 76.30 area . Out some 76.68.
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.
@mfbreakout....wanted ask you based on how i Identify Structural set ups with 1,2,3 labels.
How is this Similar to the ACD Structure, as i have Not Studied ACD Method.
But from what i see they are Both following the Failed A up/A down Structure.
I learned this set up 20 years ago this month...it is my 20 year part time Anniversary .......as i have been participating
part time for that long in Futures.
I Love it when i can find this with Divergence, or Divergence is present in the Price Area...but the Structure is mainly
what i like to see....if i am not mistaken Gann Favored this #3 point as Safest place to Enter....it is a Higher Low.
I will Enter and wait to see if it Breaks the #2 Area.....i just found this on NQ....not keeping eye on everything today.
ACD saved the day. If i was just stuck with shorting it could have gotten REAL UGLY. A move like this is slow and steady- up and up. This is where REAL MONEY is made. On the other hand CL has been jerking up and down which requires experience, patience and a whole lot of confidence to make something out of it. I mean 1 hour hold time for 50 ticks with lot of SONG and DANCE in between.
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.
" it is my 20 year part time Anniversary .......as i have been participating
part time for that long in Futures."
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.
I have been guilty of picking bottoms and trade against the trend many many times. After a big sell off i always used to think ( and still have not gotten rid of this kind of thinking completely) that i have missed the move. If i wanted to short stop loss was always too wide to have any chance. After getting scared by wide stop loss , i will start looking for longs and get hosed all day long. Looking at charts based off what happened in the past to pick support is OK as long it's with the trend. It's never a good idea to pick support against the trend as lot of traders have been trying to go long in Gold around 1165 area after GOld sell off from 1230 area. We do not have to be the first one to pick reversal points. When it comes it will be very clear to everyone. I am a visual person and like to keep videos like following front and center if ever tempted to pick bottoms or trade against the macro trend.
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 long. I am stunned by the move to say the least.
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.
API news set up - no follow through. I am buying CL any time it pulls back to 76 to 76.40 area till new selling comes in that area.
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.
100% risk free trade for day dreamers expecting high returns. Give money to your bank, get peace of mind and let them use your money. Peace of Mind and high returns both comes with cost- one has to select one.
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.