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Heh, after a 10K profit day, you can keep the door of the business closed for another day. (And start thinking of marketing that special sauce!) Nice work!
Can you help answer these questions from other members on NexusFi?
I see you hold trades into one if your levels with a target above. What gives you the confidence that the first level won't hold and the target gets hit. Also, I see most of your trades are longs even though CL is trending down. Does the method produce shorts?
I use the secret sauce and that gives me the confidence where the market potentially can go.
Levels workout and in many cases it is level to level.
Yes i do get shorts, however so far it has worked out for Long due to the time i normally trade.
Yes CL is trending down, however I trade based on my set up and trend on my chart. The system shows how the market will or could move and i take advantage based on that
Nice trade and stress free what i am enjoying now.
14 x 29 ticks = 406 ticks
Do i get greedy and want more and than get stopped out.
As soon as i let go of all the fancy indicators and focused on two things
The Levels and trend, things fell in place for me.
Why does the market turn from a certain level and why does it go to a certain level. Why and how does so many institutional traders know where to trade from and then to trade to.
We need to look at this market differently to what we have been taught. I am not selling anything and i am no marketing guru either.
But we need to look at this market differently.
Get a naked chart and start reading and understanding the chart... Look at it as to when and where it turned.
I think you are 100% correct when you say to abandon indicators and use levels and price. You ask a good question about the levels where price reacts. What is your answer to that question.
Since you don't want to divulge what your "secret sauce" is which helps you enter a trade, what alternative can the rest of us use? Is the secret sauce something you developed, or is it something you have obtained from a third party? If it's a third party can you let us know who that is so that we can investigate getting the secret sauce as well?
One of the big questions I always have for myself is which level will hold and which level will break. Taking a trade at some level or support and resistance isn't enough to warrant a trade. Do you look at levels from a higher time frame and if you see the price action change trend on your 3 minute it validates a trade?
I dont use Support and Resistance and i have only 2 charts...My 30 min and my trading chart which is 3 minutes
I work out my levels at the end of the trading week and re look at it and rework it on Wednesdays.
I dont use FIBS but i use FIBS tool in Ninja to mark my levels on my 30 mins chart. My secret sauce is in my 30 mins chart and that gives me the certain levels that is bit more than the levels you see in my 3 min chart
I am trying to be as open as possible without giving away too much.
Yes i have had a lot of PMs asking for who the provider is of this secret sauce. All i can say is its not a company or vendor.
Its been a hard work to get to where i am today . And yes i have learnt from few great traders and mentors....
I do all the leg work and may be this is why i have confidence in the system as its not dependent on someone else calling the trades for me.
I know you want to hear bit more but for time being this is all i am willing to share.
I sincerely apologies to all other members who have contacted me but i haven't been able to get back to them. I have been so focused on getting this right that i run out of time.
Thanking you all for reading my journal and appreciate all the feedback,support and questions.