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 am actually executing trades on a 15 sec dow/tick chart looking to enter on extremes of the market.
Positives of the day:
Reduced risk to 5 points per trade
Can actually define my edge without indicators
Able to see edge play out or fail quite quickly
Negatives of day:
Still some hesitation
Worrying about higher time frames
Not holding winners long enough.
Doing some back testing on how to maximize my upside and keep my risk consistent... The Tick Index correlates great with the Russell 2000 index, which makes sense given the vastness of the tick index and the broad based index of the Russell 2000. This will transition me to the Russell but it is a index that is watched less and can create some great day trades for me.
Pretty sideways close of the week, I really have been liking the Tick index and Dow Jones so Ill be trading that this week with post, Looking to get my APEX accounts passed this week.
Risking 10 ticks per trade on YM
I have 6 25K Evals and 6 50K Evals so the risk makes sense keeps me below 4% per trade
