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'm not sure why you're copping so much animosity but I really appreciate your posts, as I'm sure the rest of the silent majority does. I may not agree with everything you say but your comments provoke thought, so please keep it up.
I am buying the SHIT out of 6E down to 1.2480 if it goes back down there {and was buying beginning @3:30am est on Friday a.m. USA}.
I am ADDING LONGS on breakouts (confirmed) HIGHER on 60 minute chart and 120 minute chart and 240 minute chart.
I will peel off many of these shorter-term 'cylical' bottom/low LONGS @ 1.2600/1.2675 & 1.2725.
Continuing to hold my CORE positions for multi-month advance in stair-step UP move into (minimum) Sept 3rd {week of}. However, that being written--I am up (open equity) 150 to +250pips on this LARGE position; thus I am trading w/the houses money and will peel off CORE portions @ and/or near 1.29/1.32/1.34
All of my non-core position trades have a MINIMUM 1 to 2.5 or LARGER risk:reward.
*Caveat: Dollar made/is making cycle HIGH today and is a short for a few days.
peace
hedvig
p.s. I really don't tolerate, er--Big Mike doesn't--disrespectful posts to contributing members. I'm really not the 'sensitive' type; however~~I back down when challenged on the internet (I have NOTHING to prove, btw).
Reason being; no one wants to see another internet fight on a trading discussion forum. I am referring to a poster that went a bit 'postal' on me; little ol' me--just a retail dude trading from home; with SIZE~~yet a small fish in a huge liquidity-filled FUNNY-mental marketplace.
Go figure, eh?
Finally, I will attempt to provide a bit more insight into my swingtrading over time (6E, U.S. Indices, CL, GC, ETF's etc...)
However, I am a busy boy and actively intraday trade 5.5 hours per day and then within that time allotment I go over ALL my swingtrading positions (daily up to monthly swingtrades) and then speak with my financial/trading partner(s) & finally, I chase a tremendous amount of 'tail' as a single older male (yea I know; it is immature).
I probably won't do a webinar, however, I will try and contribute more and add value to the best damned trading website on the internet!!
Again, peace.
I'll see if I can do some more charts and such next week but for now; I drink my drink (4X's distilled Green Dragon 85% THC 'tincture') & take a hot tub. Then it is onto my avocational hobbies of debauchery and decadence.
The run threw the stops left me feeling like this is not a good trade... bought the 508 anyway. I scaled out half @ 530, moved the stop to 480. I now feel that were headed toward a double bottom, but I'm going to stick with the plan....with much less leverage. The market is so short I feel a big move coming.... My charts say otherwise! I am looking for some serious buying interest at the 0's in the next few hours if not... I look to get out at a scratch.
I was also watching this level . Look how the price is respecting the median lines. Problem was not much volatility or volume yesterday mostly that is followed by reversal & trending mkt. Let us see how it will unfold?
Where's the Volume? I was wondering the same thing. I brought up this VP Chart, it shows the a profile of the last three trading sessions (Friday, Sun/Monday and Today). Price was sitting right in the "cleavage" at 2:00 am Eastern. I thought the GFK CONSUMER CONFIDENCE SURVEY release might stir up some enthusiasm this morning. I placed sell orders around the +1 SD level to get short and targeted a portion of the range with buy orders around the -1 SD level. I had a hard stop sitting on 1.2535. I figured the position was going to get taken out when the market rotated up to the highs, but NO, it survived and the market came my way. But I still almost screwed up the trade, I didn't have the right quantity set on my targets, I got that straightened out and took the first sign of profit. A few minutes ago the POC, the Pivot and the VWAP were all within 4 a tick range. I suggest extra caution this morning on any position, in any direction (use a stop). A little news, a rumor or volume could set this thing off in either direction, (to those high volume areas) IMO. I don't like living on the edge, I might be done for the day.
