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)
Yeah I'm certainly not content trying to swing a 1L about. As I said my margin is very small and can't add another contract after haemorrhaging my account scalping on a lower tf. Building it up slowly now and will add more funds in a couple of weeks.
I'll take your advice though on trading a sim ladder next to my live ladder for when I'll start to scale in and out on a 2/3L. Starting to see where those areas are.
Also working with a developer with an ATR based trail stop but it's not ready quite yet.
Will continue to post a few good and bad trades over the next few weeks.
whats the ADR? 2-3 ticks seems low, but then again ppl use 8 ticks on CL and that also seems low vs its ADR.....all very subjective anyway. I use 5mins time on ES, which is enough to build some value down there....less than that and imo price has rejected it...especially as my targets can be defined on a >5min timeframe - theyre pretty much hourly targets, as thats how long it takes for price to reach them.
Think it was fat tails on here who said he has large A & C values as he mainly trades mean reverting, in other words, it really needs to push decent amt before hes looking at a_ups or down trend moves. Anything too low though surely is possible noise.
If A has formed then look for trend continuation - pull backs into IB/OR and confluence with other levels tend to hold well so are good places to fade/scale in, yest ES if you take it as a_down held well numerous times for at least a few scalps and plenty of time to get out, and rarely offside if picked decent entry.
When theres an A up or down, then price reverses to other side of the OR and finds value below/above the C levels - then this is C_down/up.......and is a strong signal that price will continue now in this direction. You can only have a C if you have first had an A. So a failed A (didnt find value which depends on time limits) doesnt count.
Thats afaik, dont want to complicate it too much imo, as its only for context.
These are quite good for scalp entries - pushes into prev V/U shaped PA, I missed the open @08 opportunity, and thought about taking the ETH one marked......
Also quite good for decent RR entries (stop below/above the prev swing) on swing trades, as sometimes get retail bus puke into it, and find you are ITM quite quick.