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)
Globex is soon upon us, the indies, relatively have all taken a trip down (from Thursdays / the last Globex session ) into Friday's RTH Range.
The question is: Have Buyers been found yet?
As Balance leads to Imbalance, I think we all wonder if the downside is exhausted or not? If not, is there more venturing south for additional buyers AND do we feign to give Buyers the reigns for a full on averaging daily range all the while just testing before a another drop or even the long awaited drop/correction.
Too many possibilities come to mind and a I have to rely on more information and observation.
... I am having a bit of difficulty discerning forward facing events from this prior week's finish. If you know someone who knows for sure, please DM me their direct cell number.
Was this Flush a probe beyond the prior Low of the Day, or a preparation to father more sellers and bring the auction, substantially below the Century figure, or at least into the 70's; 50's?
At this time, I know I need more fundamentals and at least this coming open to provide additional technicals.
Where are the resting orders? For ES, NQ...
This is my current unanswered question, and while knowing this helps, once investigate, I still feel there is a need to see how Asia session handles things.
Thus, I am hands-off for this open.
Can you help answer these questions from other members on NexusFi?
Caught a piece of the prior Bullish Impulse - but this one was too quick, was coming out of a trade; hesitated... missed it. Didn't partake in the retrace or the continuation.
Overnight Analysis - Resistance within yProfile at key levels gave me the Downside bias.
I was looking for a test and a fail of the ONHI then selling opportunities.
But first;
Really annoyed with the fact that there are key players that get the numbers early and start the move early...
as they did with the ADP Non-Farm Employment numbers this morning.
Gold has still been in correlation with the indices, I decided to trade it and got beat up pretty bad.
Saw my numbers in ES trigger and quite frustrated I was not able to get over to it..
Later, an opportunity came for a come back in NQ and I aggressively took it:
NQ_conflicting_zone_03.03
11:15 quick drop and recover with Thin Buy volume coupled by both Buy/Sell/Buy/Sell Icebergs... this to me, reeked of Conflict and I felt the area would be later tested.
Shortly after it hit one of my StalkZones, I decided to Sell 12962 and did so leveraged up!
NQ_Sold_into__conflicting_zone_03.03
Called it a day after that come back - Going to stack up my Psychological Capital... Take full advantage of some Thursday Price Action!
After yesterdays volatility and extraordinary rotation size, I figure to grab some ticks during the Globex....
yikes, was not that easy and took some losses.
4 Long Trades, after the Short Fake; on the Bullish reversal - entering once above the Overnight VPOC - -
Was able to recover losses and surpass my M.D.G. (Minimum Daily Goal) before the Cash Open.
And because Friday is my most important Psyche-Cap day... this PnL will remain intact.... and I've been DFD (Done for the Day)!
