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)
the "little" blue squares are trade signal bars for good entries - some I catch real-time, some I notice afterwards
I'm switching up the tick chart "speed" to ensure I can see the better set-ups (traps essentially).....basically on really volatile days the market can move (like today) - just too fast for me to get the good entry or I can slow it down with a higher tick chart....lately the 275 seems to work well as it prints a lot of bars hence I get more "opportunity" to find good trades = $$$, but you need to really focus and execute quickly for the good set-ups.
After you've been doing this a while (hundreds of trades) you can tell the good entries as they move in your favour quickly......if it doesn't then you have to question the set-up....but certainly at times you can see/sense the battle momentum changing to your direction then accelerate and hit your target...if it doesn't then your about to have a losing trade or going to have to sweat out the outcome - usually negative.
Today had some great spots to get in but poor signal bars so the "wise" decision is to wait for the next one...
Yep - but 2 more days of school holidays as well... Actually next Monday is a holiday?
I'll use the time to build a weekly momentum algo to trade ND100 stocks - trying to simplify it as it's currently a 8meg monster in Excel that needs to be cleaned up. Weekly means less time placing orders...I'm all for simplifying my life when it comes to trading as about 1 hour screen time per day is all I can handle.
Just a 10bar ATR level so I can check the live volatility....I saw Mack had one on his chart....honestly it doesn't really add any value as you can "see" the volatility by the size of the bars as they are formed live..I'm assuming Vol will rise as we head towards the US election then fall away....