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I did not take any trades yesterday. I skipped the first trade of the day as the market changed trend consecutively several times before the market opened. So I waited for direction, but once it was established, the first swing between pivots was too wide, so I did not trade it, and after that it moved up without any major retracements. I will post some screenshots once I am done trading for the day.
Can you help answer these questions from other members on NexusFi?
I took a lot of trades today, 6 to be exact. I ended up with a PnL of +5 ticks, which after paying commissions was not much, somewhere around a 3 tick net profit. It was a good day for my broker though.
I just took a short at 1274.75 and covered at 1273.50 for a 5 tick profit. I don't want to overtrade as I did yesterday, and since it is Friday this might be the only trade I take this morning.
Seems like a nice website and very inexpensive too. Do you know if he calls out live trades? Because if he does, then this is one of the cheapest live trading rooms I've seen.
It's actually pretty cool, his screen becomes your screen and he charts right there in front of you, it's not like a trading room in any sense I have seen, there's a free seven days, check it out --- but the daily videos are free
He's really good because he's been using the same method for a long time and has his rules no matter what anyone questions it's interesting to watch He uses think or swim plattform - the with $TICK , $BANK , ES
and EUR (no indictors or gizmos) and looks at other stuff too - it reall changed the way I use and look at trading and fibs
add: sometimes you get a bit lost because I don't know how he keeps track of where he pulls the fibs to and from but if you check his work he's on the money
add: and actually it's probably better to follow his daily videos for a while first to get used to his method and then watch the live stuff otherwise it may be overwhelming JMO
That's usually what trading rooms do. They show their charts and either show their DOM or call out trades with entries and exit levels, if they call themselves a live trading room. At least that's how the live trading rooms I've been at do it. That's why I asked if he calls out his trades live.
Perhaps you should post about it in the vendors and product reviews section of the forum so we don't drift away from the topic of the thread.
Sorry didn't mean to interrupt the thread , you asked that's why I continued, i just noticed a similar method in yours and mentioned, I don't really care if anyone uses it
I'm new here so there's no reason to trust me hopefully that will change with time, Thanks for this thread , looking forward to more
Don't worry about it, and I apologize if my last post sounded harsh. That was by no means my intention.
I noticed from your journal that you also use fibs in your trading, so feel free to post about it. I'm always open to suggestions and learning about what other traders use.
this might be the only trade I take this morning.