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)
I think that any method can work if you try hard enough to make it work. All I can say about 144 chart that I could find 2-3 points trades few months ago with nft setup and I can see some setup in today's conditions. My profits are depending on the move I get into on the pull back or if I take counter trend trade my profit depends on the previous move against me.
So long story short. Bigger movements on the market bigger profits. I know that every day is different an some days are much easier to trade than others but I can feel with the time it's easier for me to spot entries.
That's right that one day it looks good on 1minute chart another day on a tick chart or it looks perfect on 5 minutes ones in a while. As Bob said you should go with one you feel the best. Some people say that is nothing better than range bars and other hate them.
BTW about range bars. I had a very simple strategy in my mind with range bars looking at that volatility we've got lately. I tested it on last week charts and it worked so great. I could make 7-10 points within first half an hour. Then I tried it on replay of few days of July and it was about BE. This is a great example of the strategy that doesn't work in everyday bases.
Both, very good and dependent upon the method could be very valuable to different strategies. Tick charts are very messy, but for what I learned it is the only method that has the same 'look' on the MACDBB.
Finally got some time to watch the TF today. Given the market sentiment (i.e. volatility), I decided to follow my gut (as well as follow others advice) and keep to my existing trading setup. I know it, I know where it works and where it doesn't. I saw a TON of movement on the minute chart and the tick chart, so I had to decide where to make a trade. Given how quickly the tick chart was moving, the minute chart was where I was going to make the trade.
Waited for the signal to be hit and it hit perfectly. Once I took the trade, I watched the tick chart. Still, I didn't want to take a chance to bid the ask so I bought Market just to get in. Also, once I got in, Big Money took it for a ride. I rode it through a bit of resistance and closed out as I was approaching R1. Closed out at +25 ticks within 43 seconds
Many thanks to the site and all the contributors. Great source of info.
I wanted my next trade to be a short. I waited through the swing and bounce for a decent downtrend. Again, this volatility sucks the left goat's @$%^. Took the trade based off the tick chart as it was giving me what I wanted to see. My finger was on the Close button though, ready to close out ASAP. Luckily, I suffered through a few seconds of being 6 ticks out of the money to get 9 ticks in the money. Up to +34 on the day.
Many thanks to the site and all the contributors. Great source of info.
I am amazed at how much time they soak up. My parent never spent time with us kids, so I guess I didn't realize the commitment involved to do it a bit better!
Kid, wife, great job (even though it is a job, we are thankful I have it) with OT, and working on my performance art. Haven't even TOUCHED the markets since...what...August? Not that I'm not interested, just not enough time.
A guy we were hanging out with the other day tried to get me interested in forex trading. He had no idea what futures were, 6E, index trading, etc. I spent a few hours and schooled him That piqued my interest again as I did pretty good walking him through my three trades. I installed NT7 on a spare USB stick and can now take it anywhere and use it. I'm also saving my trades to it so I can have a record of my performance. Got everything setup I think how I had it, if not a bit better. Never took my eye of the markets though as that is where I enjoy spending my time.
Replay of today's data on the TF. Now, for the trade...I felt a bit late on the entry, but that was probably because I am tired and drowsy. Once I got in the trade, it woke me up. Suffered through some pushing of the market down which I could see from the pro's exiting their positions. Got me a bit hesitant but it turned out fine. Exit was perfect.
And here's two of him.
Many thanks to the site and all the contributors. Great source of info.
Not enough time to post up the last two trades. Not even enough time to properly review my trades. Oh how I would not of squandered the time I had when we were without child. Not that I don't want him, he is awesome and brings pure joy to our lives. But, it does take alot of time . I tested out my USB stick some more and it works well. I'm glad to see I've not lost the touch. Ended up +48 ticks.
Selective focus is what defines my free time at the moment. Given the simply massive opportunities in front of me, I will be spending every second of time possible on practice for upcoming Vegas auditions on January 14th. I need to be in the top 18 to be selected. I'm good, hopefully I am THAT good.
Many thanks to the site and all the contributors. Great source of info.