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)
Good point. Funnily enough one of my reasons for switching back to tick charts is to see WRBs (well, relatively WRBs). I should add that I keep up an M5 chart which I often switch to M15 / 30 / 60 looking for areas of Supply & Demand. I also switch down to 1,2, & 3 mins as sometimes this gives a usefully different "read".
Can you help answer these questions from other members on NexusFi?
Another week, another record bet on EUR currency collapse: this even in a countertrend week, when the EURUSD actually soared by over 300 pips. In other words, not only did shorts not cover, as some have suggested, they doubled down on losing positions, in the process bringing total net non-commercial spec contracts to -160K from -155K the week prior.
As a result, should the EUR snap over the psychological barrier of 1.300 which it almost did in the overnight session by 15 or so pips, or should the CME hike EUR margins, we may promptly see a move in the pair comparable to the 300 pip surge experienced when the expanded QE1 was announced on March 18, 2009.
So that's why the break-outs at the highs on Thurs & Fri last week weren't going anywhere. All the shorts were just taking the pain and holding their line. Seems like they're doing the same at 1.3000 today - so far
You can discover what your enemy fears most by observing the means he uses to frighten you.
Isn't that true for everyone everyday? There's a statistic I use for judging mechanical systems called "% of perfect profit" which is the amount you took off the table - where perfect profit is the sum of every bar's true range. Typically % perfect profit comes in around 0.01% for a decent mechanical trading system, of which I've only seen 1 or 2 in my life.
But to stay on topic: what's the next big Resistance level above where we are now at 1.3000?
You can discover what your enemy fears most by observing the means he uses to frighten you.
Did I see & take all my set-ups ?
If not, was my reason not to valid ?
Did I take any non-method trades ?
How could I realistically have improved my exits ?
Pretty routine and familiar stuff, but so challenging to improve.
'Looking forward to Al's webinar this evening (at least I think its this evening !).
I have been following/trading the 6E and wanted some feedback from other 6E guys...
I have been trying to trade the first 1.5 hours of the European open as well as the US open..now I'm looking to possibly add another time slot, and was wondering what times do you guys prefer to trade the 6E?
Isn't that true for everyone everyday? There's a statistic I use for judging mechanical systems called "% of perfect profit" which is the amount you took off the table - where perfect profit is the sum of every bar's true 