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)
Trying out a new chart I've added. A 15 second chart with the "TrendGRaBer" indicator found on this site. So far I am liking it. NQ 06-21 (15 Second) 2021_04_13 (9_49_08 AM) new bar type
It's in addition. I still will use the 5 Range to time in and it shows certain patterns..but I like this for short term trend identification..plus when I'm in a trade it seems less stressful to watch the smoother price action on than the jumpy 5 range..which can make you get a little nervous..lol
Could I ask approx what have been your Targets/Stops lately? I know this can change depending upon the volatility, of course.
Also....about how many trades/day you're doing? Again I know can vary greatly.
Lastly, I just became acquainted with your Thread/Journal when you did that webinar recently. I just recently got done thru going thru the 10 years lol Yours is the first Thread/Journal I've ever followed in the 4 years I've been a member here. I want to echo the sentiments expressed by many in saying THANK YOU for being SO generous with your time and expertise!
Lately, I usually go for 40 tick target and stop like you see here from this trade I just took minutes ago. But If I think I am just going to get a small bounce off of a support and resistance area, I go for 25 tick target and stop. That 25 ticks is very tight and the trade needs to be timed perfectly. I use more contracts with the smaller target to compensate and get the same profit amount. On extremely volatile days with tons of volume, I go sometimes for 80 ticks or more..but the stop is never more than 40 ticks.
I too have been reading your journal since the webinar. I have so much respect for the way you trade as it seems you have fully worked out the system that works for you by trial and error. The good ol' empirical way!
I have some trading beliefs that just go against conventional wisdom because experience tells me they don't work! I notice you say things that challenge conventional wisdom because maybe you weren't taught it and can see they don't necessarily work.
I have no idea how you can catch those 40ticks with a 1 R/R and still make money over time. You would need over a %60 win rate. Which you must have plus the occasional runner but wow that $H!T moves FAST!
And you post these beautifully easily looking tradable charts! Ha! Ya right! Lightning fast live I'm sure.
My problem on those charts is by the time I enter I realize it's somehow gone 20 ticks in the wrong direction almost immediately... Ok wait and see what happens nex... too late 40 tick stop hit. Lol
Good on ya. It's very impressive. Reminds me of Lance Beggs trading style a bit.
