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)
Today had one decent pullback that would've traded per my system but I didn't like the long shadow candle a few bars prior so i skipped out on this trade. It would've been a winner thought.
This wasn't a great looking pullback to trigger a trade by any means. Should've avoided it due to being so far below the lower MA. The second one I have circled I missed but it was a great pullback. I've decided to try to automate to a degree my trade entries. So the arrows you see in the charts are setups that could qualify. I won't be 100% strict with taking them or maybe even taking ones that don't meet the requirements but it should help me spot them quicker.
I missed the best pullback of the day, the first one circled because I was busy. Wasn't happy about it but I setup alerts now so hopefully i'll miss less trades. The next two both could've been profitable, the 2nd one i lost on cause I went for too big of a profit target, the 3rd I made back most of the money I lost. Overall not a horrible trading day but if i had made the first trade I would've been in good shape.
Avoided the oil report today. However got one pullback before the oil report which hit my stop and then proceeded to turn around and go for a decent profit. The second pullback I have circled could've been a legitimate pullback entry however I didn't like the look of it. Mostly I didn't like how many bars it took from the low so I skipped it which was for the best because I would've been stopped out again.
