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)
This will be nice. Hopefully she will come back to VWAP. Will try to go long at prices better than VWAP, ORH etc
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
I'm not talking about intraday 50-100 ticks harvesting. There are must be tons of fresh juicy stops all the way to yesterday settlement price. But we'll see how she will trade during settlement today.
When you trade crude, do you use limit orders or do you hit the market when you want to get in and out? I have seen some great entries and exits ruined by algos in my time - curious as to how you handle this.
2) In case of FLUSH UP/ FLUSH DOWNS, market order.
3) News driven PRICE ACTION like yesterday after API, market order. I did not add yesterday to my shorts after API but if i had not been hosed on 30 cars yesterday on FOMC minutes , i would have hit the market order.
I am no longer worried about algos etc. They are mostly designed to capture small 10,20 etc ticks all day long. For example, 1000 cars on 30 ticks is still $300,000. Theyjus do not take any RISK. It's like printing press.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Nobody expects complete reversal and market like to prove majority of people wrong. The way price is keeping way above VWAP etc. if i go by my experience, it's shaping up to be. In that case i will be surprised if she just stops at 53- provided FORCE shows up at that level. That's why i am listening to Led Zeppelin - Get the Lead Out Album.
Most Importantly for me an A up on DOE report days- shorts better be nimble , be lucky and do not go to the same well twice.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.