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)
5 ticks stop doesn't make sense to me now. Yes you risk less money, but your trade depends on your entry. If I start doing 5 ticks stop again it's gonna limit a lot of my entries. It's very challenging for me to get in the trade 4 ticks max from the pivot.
Yes, no doubt, this market deserves 1 point stops. I do not argue that! haha... But if you are really good, a couple ticks is all you need. It is all relative I guess.
Too bad I didn't see that short coming! It was a doozy.
Yeah! I think that's all relative. If you can get right on the pivot 5 ticks is the way to go. I prefer to give it some room in case it wants to retest high/low.
Just watched my video and It wasn't so horrible. Couple of my trades had nice MFE, I just didn't take the profit. I guess I was waiting for bigger runs. I had at least to trail my stop and take some of it. Oh well...
Market seems really choppy today. At least for now. I tried to go short first time just to test the area. Second entry gave me some profit and I'm done. I don't want to risk it today. All I need is 2-3 points a day, after that I just gonna mark entries. I decided to go this way because that's really what I need. I have to reach my goal day to day and then if I see that I can reach it almost everyday I can try to raise the bar if I need to.
Here are my trades and summary:
I'll video when it's ready!
Here is my video:
BTW My 4181 was set at 6E. Haha... No wonder why it looked so different.