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)
And this is a fictitious version of the "Equity Moving Average" which will have a direct relationship the the "Risk Matrix". I just threw in random equity balances to see what it did. There is another view that colors each box red or green, and right now the rules may be geared more towards that version, but still working through things. I like this visual, but the other would give easier rules; "3 of 5 red, 50% risk reduction", for example.
Can you help answer these questions from other members on NexusFi?
Overlapping H&S patterns, the lesser but more recent making a firm RSP during the overnight price action, seem to have crude in a choppy spot. I had a strong opinion about the overhead resistance red zone on Friday, but no real strong opinion about any zone yet today. Just lines noting various areas of interest.
Potential buy areas for me are 102.60 - 102.80 or 102.00 - 102.25, but plan to just watch volume to see what the market thinks today. Friday I was ready to stand my ground, today I am ready to step aside.
I was a buyer earlier at around 102 on volume and significant divergence, but price can't seem to extend beyond the neckline. I am flat, net 51 on 2 contracts. Nearly every market across the world is down... Continuation of this H&S suggests 98.75ish.