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Long term is a relative term. Look at the run from 10:15 Eastern on 5/17 to 5/19; 20 points! But the swings are 3 points or more. With a 5 tick boundary, how much does a view beyond what 4181 provides help you? On the 20 point run 4181 was up every bar except for 2.
Can you help answer these questions from other members on NexusFi?
Well, what a day! Typically, days like this I would get chopped up, but I know how to read the Indi's and it was telling me only 2 entries today.
Well, maybe 3, as my gift wasn't quite the right idea I guess, but ok with a little giving.
Trades:
1. -.5 points, I decided if it broke out a little that I would take it.
2. +3 points, This was a bit of luck as my management wasn't all that good. I had diverging indi's between long and short term. This looked like a decent pivot and it was. I only got filled one contract though, so NET = 1 point....
3. This trade never happened. Would have been a good couple points, and marked with double red arrows.
As I can see, I was up/down, no up, no down, etc..
If you record in AVI, then the files will be that large. If you have an AVI --> mp4 converter, then it will reduce it to 1/10th roughly without losing too much.
Wow, that long trade on the 5 minute mark was just awesome...trailed you stop perfectly to the top.
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
Well, actually, I think the stop trailing was probably a little too aggressive, BUT, the indi's were saying up/down/up/down/up/down etc. so I guess I was ok for doing it.
Thank you for the compliment. I think I would have been jumping up and down had I gotten filled on all 3, but I am curious where I would have scaled.
Also, it hit my area (Head & Shoulder) as well as the 23% retracement on longer term and it kept shorting from there, then it went up to 38/50 for a big short again. I was just trying to hit that 23% and take a couple points out of it, but it didn't want to make it there before my eyes got tired.
What a great day. I am getting more clarity, emotions are positive and staying to the side.
Thinking very technically. I don't know why it ran up at the 50% retrace or clear as to why it wanted that area before it finally went short, but I am ok with the trading and had I continued trading, I would have made several points!
The only regret I have is the 2nd trade I made, but that is the cost of business I guess at this point.
Trades:
1. +.1 points, I was late on starting w/ the trend, but took it anyways.
2. -.4 points, This was not such a good trade like I mentioned. Looking back, this was just poor "I can't miss it" trading.
3. +1.3 points, This was a nice move to the 50% retracement. My error here was exiting the 1 contract early. When will I learn?
I am more calm, more technical === better trader === more happy.
Bluemele, I have been looking at your videos and find them interesting. Is there any way that you might upload a template with your indicators and colors. I use Ninja 7 also. I would like to follow you more closely but it would be helpful if I can follow you on the same type of chart.