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)
Heard that TF was going below 800. Then to a new high. So I was looking for a short and caught it (4 points). However, I had a big stop loss (2.9 points!) on the first late entry for a short.
I thought about the successful trading I had while travelling. I had used only a 144 and a 512 tick chart, plus Fibs. I decided to try and keep it simple today. Perhaps it was an easy trading day. I was relaxed and easily admitted my errors. I am also concentrating on reading the market well and not trying to be “smart” (an Achilles heel of mine) and outsmart the market. I fell for a few shakeouts.
Must follow trading plan. Must follow trading plan. First trade was not in area. Second trade was good. Could have stopped with 1 point profit for the day...but NOOO. Even though indies said this is a incongruous day, I kept on and over traded. Video save failed again.
I followed my trading plan. Should be simple to do.
Now what am I gonna' do for the rest of the day? Simple; do other things plus study past charts and practice applying my trading plan. May I look at other methods? Yes, especially those of the wise and experienced in this forum. But I won't use those methods until they are written into my trading plan. Simple, isn't it? No, it's not.
I used my audible alert today with success. It's called Priceguard.
I took one trade during my regular period, the first hour. I don't want to trade longer. However, I know some sweet opportunities may arise later. So I used Priceguard. It sounded a half hour later. I came and checked out the situation. There was a good trading op and I earned 2.5 more points. Sweet.
My first trade was at area with nice head + shoulders. I didn't look for a pullback. A lightening-fast pullback took me out. I was actually impressed by the move, even being part of the herd.
The second trade was also from an area. A 2-bar reversal and bulges over 440 and 610 said, “Come on!” The trade went OK. Have a great weekend. (My advice for having a great weekend is to do something special on Friday night.)
What I was asking was...what chart did I post? I can't be sure what we are talking about till I see the chart. I'm not sure I even know how to post a chart here. DB