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)
Totally agree with the no indicator approach. Hopefully I'll be getting a thread going soon to show examples of my approach with S/R, volume, and price action. Great site!
Hi Mike, good post about using three timeframes. I've been using 3 tfs for a long time, just after reading "Come into my trading room" from Alexander Elder. In his book Elder call this a "Triple Screen" and devotes a big part of the book to this concept.
Hi Rjay, I know this post has few weeks already....but caught my attention your commentary about using "open" and the disagreement with NT. How are we these days on that matter?
I do use your 4 range no gaps, the 4 range from ninja is awfull. Regards.
hi, mike, i receive a lot of recomendation to not be scalper, and i see here that you were considerer yourself (2009) scalper, when did you finished?
i feel i am scalper, i started to enter at the low or high the vol prof, with minimum risk, and target the other extreme the vol prof, but i realized that a lot of moves only went little ticks, then i test to catch these, +1,+2,+3, and then i realized that +3 and more where less event ocurrences, and whith the consistency in mind, as everybody says, that consistency is the key, work more on that, an now, i move on the +1,+3tick, with highwin%, and low std dev winings, low dd, and now i am testing myself if i can manage live that, and how will be the risk tolerance ,to foudn out if i can swing 30 lots of that strategy
i considerer this process very usefull, and it was thansk to you recomendation"start journaling i stop to working on the mind"
thanks for your job
alejo
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself