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)
Stayed on the sidelines today. Still having trouble catching the trades. Need to build something to make me pay attention. Need to hook a shock collar up to the computer and whenever a trade gets near...zzzzzzaaaaaaappppppp!!
I know it is my fault. I am letting myself get distracted instead of watching the screen.
Facebook and other companies earnings reports this afternoon after the bell. Use caution if trading this late. You know what happened last time FB reported numbers.
I can. And that is actually a good idea. I have one that goes off near the end of a candle but it may be better (and less annoying) to have one based on price vs ema's.
Spent yesterday figuring some things out. It was well spent time. Found a way for much tighter stops. +311.34 so far today. Just upped it to 2 contracts since the account has exceeded 2k. Will drop back to 1 if the balance goes below 2k after a trade has completed.
Took one trade this morning and I will call it the CTD (Chicken Trade of the Day). I am only allowed one per day. Entered into a long trade and within a few minutes it spiked against me. I had my stop back at the 200 EMA which gave it plenty of room. When it recovered, I was so relieved that I quickly moved my stop to BE +2 instead of letting the ATM strategy move it when it is programmed to move it (50 ticks profit move it to BE +4). I had a profit target just beyond the overnight high. (previous days POC) Shortly after moving my stop manually price came back and took me out for +2 ticks. Then politely moved up and stopped near my profit target. Had I just followed my system to a T, the trade would have been +79 instead of just +2. LOL! Oh well.
If I was flat I would have taken it there. It made a lower low candle that closed higher (rejection), entry at top of last down candle. The rejection candle is what convinced me to wait a bit longer before jumping out. Glad I did wait even if it didn't reach the full potential of the trade.