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)
Main premise of the day was to be a buyer if we held above 1291/93. As soon as we started breaking above the 97-99 resistance area I had a target of 1303-04.
Wasn't around for the rest of the day so just 1 and done.
6:30a - Es open at 1293.75. OS low 1293.25. OS high 1296.5
6:43a - ES long at 1297.25 +2.5
6:51a - ES long at 1298.5 +4
Can you help answer these questions from other members on NexusFi?
Main premise was that if we trade above 97-99 then we'll go to 18-19 area. Took one stab a little early on in the day at initial support but just wasn't convinced of price action. After it popped up I looked for the pullback at the 1308/09 area. Took a lot of conviction to hold this trade for about an hour of being absorbed against the 10.5/11 level.
6:30a - ES open 1304.50. OS high 1305.5. OS low 1301.75. Rejection Rev
6:36a - ES long 1302 -0.5
8:10a – ES long 1309.00. +1.75/+4.25
My main premise was to short a break at the open to target 23-25 and 2nd target 17-19.
So why did I not follow my premise for the morning? The first mistake was missing the break, and the second was compounding this error thinking that responsive buyers would step in. The tape confirmed the break but did not confirm responsive buying.
I think I just had trouble believing what was in front of me.
6:30a - ES open at 1329.75. OS high 1330. OS low 1329. OAOR
6:42a - ES long 1323.75 -2/-2
7:08a - ES long 1318.5 +1.5/-2/-2
8:02a – ES long 1315.0 -1.5/+2.25
12:09a – ES long 1309.00 -1.5/+0
Main premise was to short resistance zones at 08-10 and 15-17.
Once we held above the 08-10 level resistance became support and that was the premise for my second trade sequence for the day.
6:30a - ES open 1305.25. OS high 1307.25. OS low 1304. OAIR
8:05a – ES short 1307.25 -2/-2.25/-2.5
9:15a – ES long 1308.75 +1.75/-.25
11:02a – ES long 1309.5 +4.5
Main take away for the day was that risk control needed to be better on the 1st trade. 2nd and 3rd trade were managed well.