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)
What Really Matters: Jigsaw Trading and Order Flow
The main difference in approach between retail and professional day traders is that retail traders spend their time trying to guess what the market is going to do.
I don't guess. I watch the price action and wait for the confirming signal. I do worse when I try and second guess the bars I see printing and confirming in front of me.
when a typical retail trader sees a market moving up, they are looking for a chance to sell it. Not only does this mean they miss a lot of opportunities to join moves, it means they are always trading against the market.
The concepts of support & resistance are very popular in the retail world and they can be interesting reaction points. That does not mean you have to trade there. It just means that if a market moves down to a support zone and then moves up, we might see an increase in participation which we can take advantage of.
Trading support means buying a market that is moving down. That’s is a low probability proposition. Retail traders have accepted many concepts like “buy support, sell resistance” without really questioning them much. In the professional world, it’s more going with the flow.
Ok, I can understand that, change of thought pattern, I am with you, tell me more.
Prop traders don’t use order flow because it’s difficult but because they feel it’s the fastest and easiest path to profits for their trainees.
@edward40 sorry man, but what you are doing is not cool here. This will be my last thing I will write for you, open an account and try to do it yourself instead of blubbering nonsense stuff. Good luck on your trading journey!
@edward40, why have you chosen to not be an Elite Member?
Your threads have been reported many times from many users who are suspicious of you.
It's quite odd that someone posts as much as you is not an Elite Member. Have you had or do you have other accounts on the site? Have you been previously banned?
It also seems to me the content is better described as a journal, but you've placed it in the beginners and introductions section.
Suspicious of what exactly? What am I gaining? I am taking the time to post my analysis and ask to find others who's ideas might align or improve what I am doing. I am getting bashed hard for it. Apologies for posting in the wrong area. Joined two years ago or more and never logged in or looked at the forum. Renewed my interest in trading and started posting heavily.
I will stop posting, thanks. No conspiracy here.
Unfortunately, some vendors use similar techniques to gain popularity then promote the desired product. That is why some are suspicious.
I'm not telling you to stop posting. Just answer my few questions and you're welcome to continue, although some of it is better suited in journal format - something for you to consider.
