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)
Catching Big Waves - a trader's journal of surfing the the markets
Just caught this after my last entry. I don't know Josh, that is a question we all ask.
My answer is embedded in the comments just posted. I am becoming a better trader. What I have to work with is what is layed out in front of me. I prefer reward versus risk. The more confirmation you have, the better the percentage wins you may experience. The earlier the entry, the higher ratio of risk to reward. For me, I like to keep my stops very close, and that means I have to trade while the market is open, which means I have to get in and out. But that is something I am training; to not get in and out, but to go for larger swings and enter with better rewards to risk.
I can trade this tomorrow for 50 ticks and be completely in my comfort zone. 1100 ticks is another story, but I am still writing...
Local triple-bottom and Global double bottom (green arrow at far left) in place. Support confluence zone in place at 618f wave 3. DALTX of wave 2 hit. Two exhaustion fibs confirmed. Bullish wedge / symmetrical triangle broken to the upside.