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)
No, not in the long run. What I am learning now is universal. My problem in CL is that I have so many years seeing it differently and that causes me to think. When I trade something i know nothing about I do so much better, following some new info.
I recently started trading NQ. I trade it better than CL. Last night I traded the EURJPY, trade it better than CL.
Can you help answer these questions from other members on NexusFi?
"I bought the absolute RTH bottom within a few ticks today, then washed dishes, fed the animals, rearranged wiring, and then sold the absolute RTH top within a few ticks... made maybe 15 ticks each time, and then was done for the day" GARYD
HI Garyd,
I read your journal from the beginning 3 times,its an amazing source of info and good other stuffs.
I really enjoy it
you mentioned that you are trying new stuff now and i am sure that you will succeed on it.
The trade you took was amazing! Can you please explain what trigger your entries and exit ? and how you was able to determine almost precisely the RTH extreme HIGH and LOW?
I do not remember that day, but most likely it was related to high volume delta divergence, a prior session high/low, and/or exhaustion extensions.
But, my CL trading is not "on" though this year. The biggest reason I did not hold that trade that day from bottom to top is lack of confidence in myself in that market. I shifted my trading approach over the past year, and it worked horribly at first. Between that and the planned "stretching", it was wise of me to ration this year as I did. Hard to describe, but some sort of forced calm. It ties together a lot of stuff for me.
I am happy with where I am; no more "ricochet", far more "reset". My expectation is that by year end I will wind up where I wanted to be.
I had to watch for a trade like a lion in the grass today. Those days are the easiest if you can slow your mind down to speed, but the hardest if you cannot. What I did, was buy the lower side of value after the day's rotation and target the prior high.
I was in the trade between 2:06pm and 2:27pm. But was watching since 8am to make a trade.
If there is no zen, there is no trader... possibly the most insightful thought I have had to date regarding trading. Without calm, and knowing, and balance, and a centered attitude, the "trader" is not there. I thought of that a lot today as I drove around town.
There is a trader that I admire to the point of having thrown away some of my own knowledge, so that I could be more like him. But I am not him, and have no need to be. What the real focus should be, maybe what I saw that was so alluring, is to be myself more like he is himself. To trade from a place of pure awareness and understanding of what the market is doing at that moment. I have those moments of my own, but trusted them less than I should, and traded more than I should when I had nothing but a feeling that I need to be in the trade.
But there is never a need to be in a trade. There is a correct time and place, based on an understanding of some fairly simple logistics.
My avatar has gone to the surgical cut, and it is fitting. The cut has nothing to do with structure or indicators, and everything to do with brain surgery.
Today I played the video game "Defender", choosing the prior NPOCs as my line. Pre-commission was 51 ticks net, but it took lots of quarters to play as long as I did. I rotated in and out from the upstream side, viewing this area as higher time support for a confluence of reasons.