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You do not know what you talking about )
No one talking about entering totall random. Enter at the price levels if you wish. And the direction you enter may be random. you need to admire the fact that you cant predict the future. You can only react to what is happened.
Outcome always random no matter how much efforts you waste to make it more probable.
You wear a fancy clothes and smell like a dendy and you have cash and car. And you go to the lady to say hello. No matter what you have she can say F*ck off or I am yours. Always random. THis doesnt mean you need to pick every women you see. It does mean that everytime you try to pick you need admire the fact she can say F*ck off. In longer distance you will have so much womens. You will have more womans with this way compare to if you always trying to find a best woman and ideal situation.
I am picking every trade i see. If i see it is bad trade i am covering. Today i made about 5-7 trades at 557-558 area. 3 of them were losers. One little winner and later one big winner.
As much as you need to understand you have a bad trade. 6 ticks maximum for ESF. CL 10 ticks. Currencies 8-10 ticks.
I am usual cover 2-4 ticks ESF.5-7 ticks CL
Can you help answer these questions from other members on NexusFi?
1. Yes, I don't understand the meaning of this. So I wrote that. I thought that you mean to enter just in any place and anytime without any reason.
As I see it now. You enter in some points on the high/low of the day? Are there any point to enter? What about a really big order on the bid or offer? Will you enter there?
So far I've understood only two points to enter - High/Low of the day.
Do you enter on breakouts of Previous High, Previous High, Open of Today, Open of yesterday, Yesterday's close?
2.) under what conditions do you understand that you are in a bad trade? Price could go against you those 4 ticks on ES and than go in your way. What you do in situation like this?
Sorry for my stupid questions. I'm learning and wanna close all holes of misunderstandings
Could you upload screens of those trades? Could you, please, upload new videos on youtube or here with you trading? It could help a lot to watch as somebody's trading who wins and how he does it. Video helps more than text. I couldn't imagine all the circumstances, but could see as it was on video
So I see in your most recent tweet that you talk about support/resistance and to watch for these support/restance levels to be hit into with size "like a sledgehammer"
I'm able to spot these areas, and I'm able to see where large orders are going off, but do you have any tips or pointers to see where these levels are going to break or when they're going to hold?
I watch for absorbtion of large contracts hitting into the bid for example, which I'd classify as support but at what point do you go with a long as support or at what time do you short into it thinking the support is going to break?
Reed todays tweets. There are plenty of answers.
Levels to hold or to brake? Yep. I have some info. But before i tell, you must take a work to complete.
Observe than level broken and then holds and post your thougths and concepts.
As i sad earlier, but no one ever done what i said.
Watch LVL II patterns. They repeat 20 times a day. And classificate those patterns. This is 1 step to determine than lvl holds or not
About tweet. Everyone likes pop songs. And this tweet pop tweet. I do not like so much attention to it, compare to what i posted today this is a shit.
Because today, if you wil be persistance, i tought how to determine levels and will they hold ot not
Read carefull.
I've been watching the dom for quite some time. recording it and going over it after the day, trying to pick out stuff.
From my observation:
I've noticed the more time it spends down at a support/resistance level, the more likely it is to break.
I've noticed to wait for my side to start stepping in aggressively before entering (ex: if I was wanting to long support, watch for some absorbtion then wait for the buyers to get aggressive and start going to market)
Ok. I see you need a directions on this.
Comparsion Offer VS Bids + Key situation or Level = Result
Offer Vs Bids always appear as patterns. If you have records revatch now in this work frame. Observations keep to yourself and DM me on twitter.
This for everyone. Everyone can do this. But i begging you - do the work before mail me. I do not like lazy assholes
I've saved your twitter posts from today. I'll review them and see what insights I find. We are trying to find areas of support/resistance and look for clues about whether it will reverse or break. Level 2 Dom with T&S should give us the answer .... we now have to study the patterns that occur at these points