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've started thinking about the 6E. I came across some videos at this
site.
Mike may want to move this post to Beginners, Introductions and Tutorials,
which is fine with me. The website below is about learning to trade. So Mike
can do what he thinks best.
I haven't read any of this thread so everyone may already know about this
website and this guy. Tim Racette trades the ES and 6E. I've seen 2 of his
videos, so far. Seems like he knows what he's doing.
Rules: Trendfilter for the day is down. Enter trade when a reversal down is detected near or at the second standard deviation band for the VWAP. See chart attached.
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
What a nice selloff today. Market pushed right through October's swing low with no hesitation and hit a clear low volume area (weekly chart) like a magnet. Beautiful stuff. I wouldn't be surprised to see price drift down into the next volume node which may find some firm support at around 1.2950 area which could prompt price to retrace back to the previous swing low which should be rejected from there. Tough to say for certain of course but this sure is getting exciting.
No money on it, but looking for 1.285 as 100% ext, but lots of support right above that so who knows how long till it gets there.
It is funny how I keep learning to not have expectations for this short. I think we all knew it was coming, but kind of like the time I lost my virginity. I thought it was going to happen a lot faster than it did.. haha... (x rated post?)
awesome
