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)
Taking a break from trading till approx 15 Nov-2012. Have various activities and also Diwali in between. Might post if something interesting come out in between.
This break will also be utilize for review of last one and half month of my trading activity. It is more important this time compared to first review. I have to virtually pick diamonds from gems. Hope this second review will help to firmly carve my trading plan and minimize my trading.
Login late. But could not resist myself to stay away from opportunity still floating on the same thought from 2 days back. Market was still on that theme. Not to say where i would have been taken trades.
Took one Short..lost....reversed for Long...success. .... Zero Bias.
Hi guys...finally back from festive mood and season.
Though i had decided to take a full break from trading...but honestly i traded frequently in between whenever i got time from my schedule. Is not so that i was eager to trade rather in most cases i could not found any excuse not to take a trade when opportunity sets in as per my methodology. I would not lie that i turned little selfish being consistently profitable for last 9-10 weeks, a feeling arose that i don't need any thing new... i didn't wanted to dis balance this equilibrium that has sets in my execution. More importantly i could not found yet from my second review of journal ( its not mean that its flawless ) that i could compare over inefficient periods. It simply might be a state of pause from all side, so i decided to give more time to re-investigate after some days.
Had to shift trade as per momentum....no thought...no bias.
Long(BE), Short(+) and then again Long(+).
Extracted 18 Points nett in 24 Point range so far.
From this structure i would still go long for new high.
I do track various statistical features regularly on my instrument. This Friday was interesting from that perspective of a specific feature which came after largest gap of days in stat of last 634 days. This feature on average comes once in 10 days, but gap of 10 to 15 day were also not uncommon. 3 largest strings ever encountered are below.
Just check how NF behaved on those days.
I was very clear about what to do. Unfortunately both Long could not extract sufficient points.
First Long i had to scratch though gone with 8 Point MFE. Second trade i took off just for 5 Point due to
intermittent Net connection.
Whole structure after EOD is more interesting and clear cut for tomorrow from my view.
It was definitely interesting session for me.
Turning from waiting to get Long and avoided , finally took only one Short.
I remember a ( possibly many ) day from my past observation , where i had taken Long in same situation and then finally took Short. Today was perhaps deletion of that Long which i was trying to locate.
Will post in eve with that past day as reference.