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)
If you use charts, you cannot see that opposing force.
If you trade off something like XTrader, you can see the opposing force in process. You can see absorption for instance. You do not need to necessarily know where this will take place (although it helps), you just need to react when it happens.
You are still effectively making a prediction but it is based not on charts but on the trading activity in the moment.
Still, you need to understand the mechanics to do this. You also need to understand complex concepts such as 'cheap' and 'expensive'
You know it
Absolutely it helps,in fact it makes the difference,otherwise why would you say what you did.Some would kill for it.
So tell me,where do you react?Its a big swimming pool you're talking about DT.
I trade a blank chart and i make absolutely no predictions.
I have been attaching blank charts from the beginning of the thread lol.
The market at any moment in time is giving me(you and everybody else) options and i trade in the direction i feel will satisfy her the most lol.
Yes i do lose occasionally,but its because i take a risk and chase the wrong pocket or under estimate the size of the pocket i'm playing in.It happens,nobody is perfect.Risk is minuscule.Plus all it takes is one bad nights sleep and your in no shape to play the game.
No,i don't trade market delta or tape read or sit there trying to analyse the DOM LOL.
Even if it was critical to process that information for success,i still couldn't do it.Thankfully it's not necessary.
If trading delta or tape helps you then go for it.
What good though is having these trading tools if you don't know where to use them?
Absolutely DT,understanding mechanics is necessary.
LOL...cheap and expensive,i like it.
Is the Euro cheap or expensive?Who knows,it makes no difference to me.I'm sure you'd waste your time trying to work it out.
exactly what I want because I am not a programmer. Hence I can not, with great ease, conform what other people have created to principle or display that I believe to be "perfect". The price action is reliable enough for me, so it is what it is.
I will be so relieved when I am ready as a trader to accept your sage wisdom. When I finally understand after all these years what it is that I need to know to eek out a fragile living.
I don't trade the Euro, so I couldn't tell you where I think it will become cheap to people in the short term.
Right now, I would say that on the ES, 1338 us cheap and 1363 is expensive. Or to put it another way, I think buyers will step in and become dominant at 1338 or thereabouts and I think sellers will step in and become dominant at 1363. Right now pre-market we are at 1347.
There's a few good ways to set levels trade off and there's a few ways to recognise and trade short term momentum. I don't use blank charts but I do use naked charts (sans indicators)... I am not sure how you'd read a blank chart....
There are many ways to skin a cat. It seems you have a way you feel happy with but want to tease people about it first....
Don't worry,i'm totally useless with programming myself.Hats off to the guys who put all our software platforms together.I have no gift whatsoever for it lol.
Its a tough game for anybody,you're right.
When i see someone just starting out i almost feel like saying to them "Walk away!!!"
I couldn't tell you exactly how many hours i've looked at charts for but if it is less than 18,000 i'll eat my hat.
Then the books and websites and magazines and papers and.......................she is a long long road.
Market moved up with a good push up in delta. We had a pullback of -1.75 points, move up to 1349.75 and so I'd be expecting a pullback to 1348 simply based on the fact this was the size of the last pullback.
As it comes down, eves on the DOM and saw a lot of selling into 1348.75 with no move through. Looked like it was holding.
I lifted the offer @ 1349 and market ticked down to 1348.50 after the entry.
Managed to get 1st & 2nd targets, then moved the last target up to play into the news.
You trade based on price itself(the action),i on the other hand,trade because i have a fairly good idea what you and others are doing(net) to manage yourselves once you enter.
You and your friends are creating the pockets i chase,and the ones i play in.
I say blank because to most traders that's exactly what they are lol
For this industry,believe me, they're blank.
Aside from the fact that traders fail because they aren't cut for the game or they do not have the right mental frame work to handle the environment,it IS because there aren't many ways to skin the cat.Try telling that to the 70%, 80% whatever that fail.
You can't just wander in and use anything you like,we all blew our first account doing that,and what fear did we have just starting out,niks.We were all very encumbered mentally at this time.
If there were many ways to skin this cut,don't you think every man and his dog would be in this game ripping it up?Not so.There are only a few % doing this ripping.
There will be a few ways,all with varying degrees of success,but i wouldn't say many.
When someone gives you a gift,do you normally insult them?
I was simply saying a chart can be seen from a different light.
If what i say frustrates you because you don't understand,then i apologise for that.
