Welcome to NexusFi: the best trading community on the planet, with over 200,000 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 -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
nov 16
cl
oy...On days like this, i try not to get frustrated, instead, i look to find what went wrong, and what to do to correct.First,we open inside yest range.With this said, edges are sd2/sd-2.Cl grinded down shy of yest lod/sd-2,and decided to head up .I didnt get a buy signal.My first mistake, was i shorted at sd-1,treating this as a pb...no....we arent in a trend.Also, there wasnt even a DDT ,to demonstrate some interest to short.2nd mistake, i shorted at eth vwap...this actually had a reasonable DDT,and went 5 or so ,then another stop.3rd, to short at sd1 is ok.The trade went 12,I stubbornly waited for 15,and another stop.I consider the destination from sd-2 to sd1 fine.The best trade of the day,was cl breaking above yhod into sd2, giving a massive churn at highs.What would be a reasonable destination for this?First sd1,second,vwap,lastly sd-1,which it hit,I wasnt here for this trade.boo hoo.So what do i take away from today?Dont use vwap extensions for pbs unless outside of yest range.4/4 stops -$220 sim...these are simple rules.I should have scratched the trade that went 12 first of all,blew it off.I know this.Tomorrow another day
divergent double top..they happen every day,just need to pick the right ones....its one way to enter...honestly, i can just use the churn on the vol ladder in coordination with the 1min vol spikes on the cl
