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)
I finally got a chance to trade this morning. It was an aggressive trade on CL looking for +10. However, when price went further down than I expected, I got nervous and exited the trade for +1 only to watch it go +11 which would have filled my target. I am going to eat a quick lunch myself and see if I can't maybe get 1 more trade today. The initial stop by the way was 8 ticks so basically a 1:1 trade.
Don't be controlled by GREED, Led by FEAR, or Puffed up with PRIDE!
I missed the 1S at the open which would have been good for +10 and I entered long after the 2L triggered so my stop is 5 ticks and my target is +10 with 2 contracts. We will see! I am taking a look at the Uni-Renko bars for price action again.
Don't be controlled by GREED, Led by FEAR, or Puffed up with PRIDE!
I entered into a 2nd 2L in congestion with 4 contracts on the YM expecting price to reach a HH. My initial stop was -10 ticks. When price went +9 and literally halted in its tracks, I moved my stop to break even and my target from +12 to +10 ticks. If price reaches +10 and doesn't fill me I plan on moving my stop to +1 and being in a totally risk free trade. We will see!
I plan on posting a few more trades on this thread until I receive info from TST on the $150K Combine. Then I will close this thread and open a new one for anyone interested in following my journey thru the Combine. The trade just closed at +10 with 4Ks.
Also, I wanted to say a big thank you to everyone who visited and supported my journal over the past month, I really appreciate it, as well as your contributions, and hope my journal was of some benefit to each of you. Again, thank you!!!
Final update on the price action from this trade. Price has reached a new high and is still climbing.
Don't be controlled by GREED, Led by FEAR, or Puffed up with PRIDE!
Congratulations man i hope to hear more from you. Let us know about your progresses in the combine.
Good Luck and better said good trades, stay focused and disciplined.
