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)
Need to remember not to take trend line trades when the R-Zone is in the way, it was nothing more than a pullback but at the time.
Note: Completely did not trade this move correctly. Did not remember the "8 EMA pushing the price" concept on the HTF's. and the 3 rotations back into the R-Zone concept. The correct trend lines to be drawn would be Trade Trend Lines to enter off the 5m in direction of the over all HTF trend. That white trend line was incorrectly drawn. There were no rotations back into the R-Zone from HTF's so entering off the rotation of LTF's on rotation.
Not having all the T1's marked as there were some levels after the fact were both T1's and SL's that could have been used today to lean on.
One level is the 3.787, which was a DP T1 and SL on the 240.
On the 15m, it had penetrated with an emotional candle, closed above and was unable to close below.
That inside bar, along side the 5m R-Zone, could have been a good entry with a stop below or below the 21 EMA at the time of entry for R:R calculation. T1 would have been 3.821
If my math is correct
Entry 3.795
Stop 3.765
T1 3.821
Reward would have been 0.86R so the trade would have been passed had I seen it at the time which I did not.
Need to also note, I was actively chatting in CTD OH today so the focus was not there when it should have.