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)
Right now I have the previous 60 minute bar as my stop, but kinda bummed, I've given so much back as I don't know what the market will do even though I'm applying what I've learned from week 2 CTD to stay in this trade.
There was 3 pushes to a low from the 5 minute, could I have used that as an exit or just stick with using swing points as exit levels or the T1 gets filled.
Can you help answer these questions from other members on NexusFi?
I could have easily just used a 1:2 R:R ratio for T1 and would have been out of this trade. But its still good to put some of the stuff I've learned into practice holding a trade longer.
Upon post trade review, 85 was a swing low on a 5 minute using the 3 bar confirmation method. I did not see it at the time cause I was looking at my P&L fluctuate.
Note going forward, I need to review the 5 minute at ever close and decide what the market is doing within the bigger time frames of 60 and 240.
lol, this is too funny, here I am trying to figure out what I did that could have been done better, and turns out, week 10 of the course will answer my question, step by step, no need to rush ahead, lol