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)
It is the siren of someone who is trapped by fear and hopes I can hear them.
I have no rules for staying in a trade, only for getting out, getting in, when I can trade, etc. My beliefs that established those rules came from a desire to prevent loss more than accept gain, and that has my focus on what I do not want.
I am a better chart analyst today than I was last year, and my beliefs today are in conflict. I trade in the past, so to speak, and what binds me to that is fear and a belief in limitation. Even at a single contract, I cannot believe in a target that is beyond 40-50 ticks, even though I do believe in that limitation when I am flat.
Also, since my focus is on the negative, and I have nothing to force me to stay in a trade, as I add contracts the "feeling" part intensifies, and the targets get smaller and smaller. Nothing changes outside myself, but the greater the risk, the more it changes how I feel. I will never gain true comfort with "size" if operate from fear. I close too quickly. My rules today say I am allowed to close.
I believe if I allow myself to reinforce the validity of greater targets, it will help me all around. The focus shifts to what I want, not what I don't.
Can you help answer these questions from other members on NexusFi?
Meanwhile, crude has possibly been infected again by Iran, with recent missile testing, a threat to wipe Israel off the face of the earth, and talk of blocking the Strait of Hormuz.
There is a local and global double bottom in place, crude has been attempting to establish a new uptrend... There are a lot of possible areas from 88 down , but 80.50 - 81.50 is what I consider the strongest line of defense. North of that I would prefer to buy, but can't really decide where and have not really decided on a plan for tomorrow. Maybe the overnight action will make things more clear.
I only wanted to trade long today, but 81 is a long ways down there. I waited for support zone #1 to take, entered at the first break above the DT3 at the impulse DC, and waited. Went in with 2, exitted one at +20, tightened stop... made it to +50...
Then FOLDED.
I saw "60" and it triggered a response in me that says that is about the max of a single push, at least one that is not news dirven. But, I did not follow the STAY IN rule, which was the new indicator I added this weekend.
To make a shift, I removed the black & white bars, not what I want anymore, and added the SuperTredU11, which I played with for about 4 hours off and on yesterday to see what I wanted it to do, based on past experience and how it related to movement and the DCs I watch.
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"