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)
JD
First thank you for the thread.... Great and please keep posting trade examples.
Question Please
The pivots are the current and prior day OHLC and do you draw in your BRN's or is there an indicator for this.
Thanks
Fasttraxs
About your question, i use the current day OHLC and prior day HLC indicators also as my pivots but also as where the market values price,
regarding the BRNīs i use an indicator that plots the lines for me, itīs called round numbers i have attached it here for you.
ok, we are here, letīs see what the market brings, so far what i can read and is interesting is this article:
feel free to read.
Speculative traders in energy futures on the ICE Europe Exchange increased their bullish bets on Brent crude by 6,422 contracts to 113,549 contracts, or 6%, during the week ending October 2. This was in sharp contrast to WTI, where speculators reduced their exposure by 12k contracts to 166k contracts as the discount to Brent crude continued to climb. Gas Oil net long rose by five percent and remains elevated.
Hello, I just closed my second trade for the day, the first wasn't that good but the second trade payed well, iīm 21+ ticks for the day, the market is nervous with out any major news it will react to any and everything, i will keep an eye posted on the news reports, but yet i see a very good day for trading.
I have to go to work, but will keep posting any other trade i do, or opportunity i see.
I just arrived my machine, i was preparing my self to leave for work,
i see this!!! price went down!!!...but why??!! it was looking like a pretty up move.... but wait!, i checked the image i uploaded on my trades in the previous post, and i found why!!! that is LATE BIG BUYERS TRAP!!
i check the image and realized that a bunch of orders came in late in the range of 90.60 - 90.65, those were big orders, but the price didn't continue going up, some time later they tried to push the market up this zone, and start closing their positions, what is going to happen???, downside price!!!:...
this happens 3 max 4 times a day you could capitalize on this if you see it..!!!
Well today has been quite a roller coaster in the beast! (Crude), i have been outside my office, but i could take this trade 10+ ticks, lets see what happens at market close..
Hello, quite good action today in the crude market, break of a descending channel this means a possible selloff could be in place, ahead of crude oil inventories at 11:00 EST, that i think will come higher and will cause a price fall.