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)
It was very limited time session...had to turn to some work in home after first trade. When i returned before leaving for office...it has passed much of consolidation. I was interested in pullback to larger MA on 15-min...but was also aware of larger context that was up. Add to this, not-so-solid ground for pullback, were previous dips from swing peaks, which were just 10-12 point...so left entry after Bar 1 cause its making 50:50 R:R to VWAP. As i already explained im not a very good fader...so breakout/continuation entry eats good chunk of move. I thought i wont enter but just for screen experience time, i started to watch Footprints ...and bar marked 2-5 were a rise without volume/delta on ladders. For a moment , i was just to enter short as a fade to upper end of range..that would have been a better R:R but left that too. Bar marked 6, was also a similar breakout/continuation entry as Bar marked 1.
risk i was taking as opening drive and target as yday discussed rectangular region around 5352...but didnt worked as expected...scratched with small loss.
Expected move to 5352 came in dramatic way. Though i have started the day early and waited to an extent when i feel i have passed enough chop and now its ready to eat...but it took another hour+ to turbulent and go out of order. I was sure to get 5352, but when it was the question we all face everyday.
Thats developed as Neutral Day....almost balanced....and between two HVNs.
Tomorrow is multi-event day perhaps i will be observer.