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)
Early morning had some trades about 50/50 was down until after 10 o'clock news reaction, took a long & carried it a bit, got out recouped and now Im up $130...gonna stay put & retain the feel good mood & carry it over to tomarrow.
Been using fibs alot last week and Im struck by the tendency the market reacts to those fib levels, especially around the 76-100 % areas...very cool.
Today were slightly over 76.4% of the high of wendsday early morning at 03:13 to the low of wed. morning at 10:30....
But if I measure the total High from noon of tue. to the low of wed. at 10:30 we are inbetween 61.8-76.4 %..
Think Im inclined to measure the complete HIGH to LOW regardless if it goes into a another previous day or not. The question is "How do the pro's do it?"
Yesterday I allowed my $100 stops to get hit & wasnt trading very good, instance, the 1st one was made while journying so wasnt paying attention...but I did strieghten up and got on track w/ some decent trades that left me feeling motivated!
Today different story...I think I'll go one more week in sim and repeat this process all week. Thanks!
I wonder why Ben Bernanke is in china with Tim Geithner and Hillary Clinton?
That trio doing a road trip is unprecedented. Something is happening, or about to happen, that the U.S. and Chinese economic powers may be worried about.
Are they coordinating a plan to prop up the euro? Maybe their watching the election in France. If France ellects a socialist that wants to go back to the austerity measures imposed by Sarkozy regime it could derail the EuroOne stance w/ German Chancellor Angela Merkel. And if things get heavy & play out on a uncertain way w/ Europe's stability while we hold support or not? We could be headed for a bear market crash..just get your short on gents!
Opportunity is always around the corner no matter how u spin it! Noticed that we broke $100 WTI (West Texas Intermediate) and thats bearish.
I decided to go sim one more week, if I can repeat friday, be focused, short the pullbacks or visaversa and place 20 point stops (YM) I should be in the game!