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)
Bit of a bummer as I was hoping for a 30 pts ATR but we ended up having a narrow range day. However, I know I shouldn't be complaining as I can only only take what the market is offering.
Trading: Oh what a tangled web I weave, When I want to take profits in trading
Frequency: Several times daily
Duration: Years
Posts: 1,777 since Nov 2014
Thanks Given: 3,565
Thanks Received: 3,165
Another good execution day.
Stats were neutral and hence I'm allowed to do whatever the hell I wanted to do.
Decided to trade against the trend. Hence, timing is important and targets have to be realistic.
Short 4518. Waited for the price to rollover and then pounced. perfect entry. Target 4498.5 and reached in 10 mins. Phew.
Result +ve 20 pts
Set another limit order @ 4516 for the rebound but missed by a tick. Could have grabbed another 15 but No regrets. Just learning to optimize my entries and exits.
If I am trading full time, which I'm not at the moment, I would have considered reversing my bias to Long. A market which refuses to go south usually goes up north. LOD was 21. What's the HOD? 51. ATR = 30 pts. Perfect.
Trading: Oh what a tangled web I weave, When I want to take profits in trading
Frequency: Several times daily
Duration: Years
Posts: 1,777 since Nov 2014
Thanks Given: 3,565
Thanks Received: 3,165
No trade yet.
No gap @ RTH open today and hence the edge is minimal. Bears are likely to come out as winners today but I need to pick my location carefully.
My expected range is 54 to 24 i.e 30 points today. i.e Lower Low and lower high at the daily timeframe. Currently price is hovering @ 45. Momentum is bullish. Hence, I'm on waiting mode to initiate my short. If we test friday high @ 60, my thesis is wrong and will be long on pullbacks.