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)
Yesterday I read the markets well. Today was very difficult. The key to pegging the action today was to adapt to the expanded volatility and to understand the specific type of chaotic orderflow structure. I think we also had a more complex bottoming process then typical. I suspect that overnight inventory put pressure on the buyers because there was no bid at all overnight. I think it may be relevant to watch Asia now.
Can you help answer these questions from other members on NexusFi?
be aware these two are completelly different markets, they behave in an opposite way when it comes to orderflow. CL reverzes on uncompleted auction very often while ES does very rarely
today i got a headache so i am not going to trade anymore.
i took one long with only 2 contracts (fixed trademanagemnt). timing entry based on the abusion of high sellers in intermarket divergence. i missed the second trade because i was on the phone.
this is the end for today. i end up with little profit (+175) and now im going to sleep
of course they were not ALL stopped out. they are never ALL stopped out, but it doesnt matter, the majority of the predictable traders were stopped out. that is who i trade against
the same logic like yesterday. daily high - predictible zone for selling (moreover when nq is higher -> even more appealling for dumb selllers). these are the sellers that must lose. i am buying against them, waiting for their stoplosses to be hit - there i close my profits
with two contracts only because at the moment of the entry the trade was not validated as a low heat entry and i kind of expected the price to go deeper into a drawdown where i would add other 4 contracts.
"unfortunatelly" the market moved up immediatelly so i was there with little position of two contracts only. it was quite a pity because nq moved up quite heavily