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)
Hey good job today. trading is all about developing a feel for the market and your catching on. the only way to hold a trade longer is to use a higher time frame, say a 4500 tick and judge the larger trend there. Then you can make a better decision regarding the sideways movement and what it means. Ie, is this topping action or consolidation action for another leg up. Good luck!
"When new money is created on a grand scale, it must go somewhere and have some major consequences. One of these will be greatly increased volatility and instability in the economy and financial system."
J. Anthony Boeckh
I want to let you and all your readers know that in October nexusfi.com (formerly BMT) has a Trading Journal contest w/prizes. The contest runs October 1 to October 31, and the three best journals (as decided by nexusfi.com (formerly BMT) members) will receive a 150K combine from TopstepTrader.
Continuing in the tradition of encouraging journals on futures.io (formerly BMT), I am announcing a new Journal contest for October 2014.
The rules are extremely simple:
a) The contest begins October 1 and ends October 31. All decisions made …
That thread will be open for posting starting Wednesday, October 1. As the author of your journal, you need to make a post in that thread linking to your journal, and then ask users to press the "Thanks" button on that post if they want to vote for your journal to win the contest.
Members can vote for as many different journals as they want. Votes are cast in the Contest thread only, and only on the first post made by the author of the journal that contains a link to their journal. This is done so I can easily count the "Thanks Received" by author/journal, and award the three prizes.
Thank you Mike! I definately don't know if my journal has a great chance in this contest. But as my journal will grow in the next few weeks, I will decide to take a look there.
Trade 1: Downtrend, selling pressure on lower high and less buying there
Trade 2: thought it could be trend change and saw less selling pressure. Bad!
Trade 3: Less buying pressure on last higher high, took stop at +1 after trade went +5 ticks. Bad situation for me. Better was that I moved it not so fast to BE. But lessons learned!
After a long period of time, I will be back to keep the journal up to date. I will post some updates on my trading in the next few days and start to go on posting my trades. Hope everybody is doing well.