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)
Just getting started and I already have to leave! Rest of the sessions this week will be full sessions.
Put on a small trade and took it right off realizing I shouldn't be trading with other things going on today.
Trying out OHLC bars, I've always found them much easier to see and read, not sure why I haven't tried trading with them yet.
NQ broke pre-market range, traded higher and formed a new range around the 37/38 midpoint. I shorted the failure at that midpoint (too late of an entry though).
Level to level all day long, that's what the markets do.
Over the weekend and past few sessions I've put a lot of thought into combining kewltech ideas with SLA/AMT ideas and my own ideas of price action and I believe I've really made some progress in how I view and trade the markets.
I feel like I used to "guess" with my trading, though the guesses were based on sound price action principles. With my new mental framework and market framework I feel like I am taking objective trades, really taking the guesswork out of it.
More to come the rest of this week when I'll be able to trade full sessions.
Hey thetradeslinger, just started reading through your thread which seems pretty interesting so far, good job keeping up with posting all the trades! I know that's usually a pain to always be doing ontop of analysis and trading itself. I keep seeing references to kewltech in the beginning of your thread and while I haven't ever personally read through the blog I'm always up for reading other's views on the markets.
A couple pages back I seen a long post talking about legs up/down and retracing into them while focusing on key S/R levels, is that basically what's described in the kewltech blog? If so then that definitely seems like a sound approach to view trading from
"A couple pages back I seen a long post talking about legs up/down and retracing into them while focusing on key S/R levels, is that basically what's described in the kewltech blog?"
That's spot on @Six3six. The best way to approach Kewltech is to read it with an eye towards levels, momentum, legs. The MACD stuff is ok, but everything is contained within price itself, once you understand levels/momo/legs everything else becomes secondary.
Check out the kewltech blog if you have some time, it's fantastic. Start with issue #1 and work your way forward, each issue builds on the previous one.
Hey man. took a quick look at your thread. nice trading, you really organized your journal well, very good way to learn yourself. But I dont see any loser in your journal, would like to see how you manage your risk and exit. Keep up the work bro.