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)
Both shorts went into SL of minus 30 points each
Weekly result minus 60 points
Result since week 2 now 410 points.
Rule correction on the second short (today's trade) is made for future Fridays
as described in earlier post here.
With that minimal 30 minute shift on today's trade the week would have ended positive.
This trading
The time that I stay in a trade varies as I need to wait for the exit target. Since I trade intraday only, I prefer a target of 50% of daily ATR which is about 33 points.
Something I have noticed that you do is you chop the day into a morning and afternoon session (loosely speaking). Lunchtime is of course a low volume time and moves are rarely telling during this time but there are often different impulses to the morning and the afternoon.
Question:
How do you make the split between say a morning trade (to 12:30 or 13:00) an early afternoon trade (to 14:30) and to an all day trade (16:00 .. or later).
Thanks for your input - the answer is relatively easy - the trades start between 09:30 to 11:00 normally.
Exits are depending on weekday (as always), gaps, US numbers in the afternoon (if there are or NOT)
and important: long trades when nothing important happens and a long weekend with a extra free day
is in sight...
1) only IFO and ZEW have special entry rules. Trades are made on IFO and ZEW days
2) no
3) there is slippage possible but I have very rarely trades where SL does not hold