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 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.
Short GC 1195 area, TF 1161 area, CL 75 area, NG 4.40 area. Just like yesterday i feel again that CL is getting ready to test new lows. Plan to hold some shorts into Globex.
Short in KC around 119.85. Reversion to the mean pullback set up. Still holding some shorts after covering some for a $1 gain.
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.
NG balance area. Reversion to the mean short. On the day 2 shorts and 1 long in NG.
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.
Don't leave home without $ and leave traditional indicators where they belong.
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 stopped looking at 2 candles up and 1 down etc as a sign of bullish or bears as i started moving away from noise more and more. I subscribe to many services trying to figure out as to how so called BIG money looks at support/resistance , bullish/ bearish direction etc. To my surprise it is so different from what i was looking at that i felt pretty foolish.
I am still not clear about long term and intermediate analysis used by macro traders. I am trying to wrap my head around short term. Their so called short term is way out there than any thing i thought as to what short term is. Having macro perspective and then executing it on a daily basis while making sure that one does not get into the deep end of analysis/paralysis is quite a challenge to say the least. Majority of webinars except Jim Dalton's and FT71 on Auction Market theory- i find them useless.
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.
Thanks Bedhog for posting the link. Excellent presentation by Mr. Cochran and he covered every important topic in an easy to understand logic. If i have to pick one point where i disagree with him and majority of Auction Market presenters is when they ruin everything by first laying down virtues of Auction market theory by saying that BIG MONEY uses this approach as they want to stay away from noise. Not everyone uses Market Profile. It's neither strength of this approach and neither weakness. It's just one way to look at market data.
I have a problem when presenter turns around and say this approach to the markets gives refrence point to the TICK. There is no such thing to the tick when 1000's of traders are participating in the market each with a different agenda, goals etc. It seems lot of traders try too hard to make Auction market theory which it is not- a way to predicit market direction with refrence points to the TICK. This problem seems to be very prevalent within ex-floor traders.
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.
" Short in KC around 119.85. Reversion to the mean pullback set up. Still holding some shorts after covering some for a $1 gain."
Each trader is like a farmer who harvest his crop. Some traders harvest after 5 minutes, some after an hour, some after a week and so on. It's all good as long as a trader does not mix and match one day as a 5 minute scalper and next day as a 2 days swing trader.
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.
Looking for shorts in PL and GC and i do not have any refrence points to the TICK. If i was looking for such a thing , i am pretty sure i will just be sitting on hands. More importantly i do not want to so emotionally get tied to support/resistance
levels that when i get stopped out to the TICK- i have nothing left but to wonder why it's always 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.