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)
No chart, will attach later. As I see it 105.30 (former level) is now the battle line to determine if we go down and touch 104.44 or we break thru and rally back up to 105.9
Correction ... If 105.3 level holds then 104.58 would be the next downside target. It is the 2nd standard deviation daily level. Price rarely blows past that 2nd level in one day. 105.9 is still the upside target should 105.3 not hold.
Have found at least temporary support at the weekly level mentioned earlier at 104.44. Would love to see a push here to 105.58 area if we can get it. Would be looking to short in that area if price stalls.
Bounced off of 1st daily level of 104.08 If we get continued selling pressure the remainder of this week and early next week, then we will re-test the 1st monthly level of 102.80. We bounced off of the 2nd std dev monthly a while back as posted earlier.
There doesn't seem to be much interest in level trading here. I think it just doesn't feel right for many. Trading tick by tick is exhausting, at least for me.
If you think these levels have any merit and could be useful in your trading drop me a msg. I have found over the years that these levels are also calculated and used by many option traders so imo these are definitely not voodoo numbers.
A break AND hold above 105.90 and this short will be exited. Otherwise the weekly would be a nice place to reduce size and let the rest ride to see if the monthly level mentioned earlier of 102.80 is in play.
15 min chart of where this trade is at currently. Roughly 70 ticks profit at this moment. Will watch to make sure that does not all evaporate if we should find some buyers this morning.