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)
Since it's been slow for a few weeks I've tried some very basic set ups; back to the basics as I call it. Myself, I've gotten info overload so I reverted back to the basics.
This set up is is extremely simple.. enter on the 2nd bar on the histogram after it crosses the zero line. I do keep a similar chart running with the lines added to the MACD, 20/50/200 ema and floor pivots added for confirmation but I wanted to see if I could trade with minimal info.
Next week I'll turn on "show trades on chart" Max and show you where I enter and exit.
As I said, I got info over load and thought I'd try getting back to the basics I learned 8 years ago i.e. ma's, macd, pivots. I really hate indicators because they lag but it's all we got
Do you take every trade when the 2nd macd hist confirms? Or do you use some form of validation with the other things? How do you go in chop? I had a quick look back today and sell worked better. I was not taking into account S/R or EMA's.
Thanks for sharing though
Hi Vast,
I don't take every trade, especially on days like today. As far as validation, I'll glance at a chart with the pivots, ema's, etc and then part of it is just having a feeling for the chart.
Again, I just started this Monday so I need a couple of good weeks with vol to see if I can get the 2nd contract to run.
well - 5/5 - not that bad
keep us informed how the thing is going on !
in this indicator-madness around here its nice to see some of the clean priceaction-stuff also !