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)
The summer weeks are often part of playing on the markets with
very different volumes during one session.
Every "good looking" trade can hold very thin support on the long run.
Repeatedly - believe it!
Thus staying at the sidelines is not bad - markets will react more normal
from end of August again.
My trigger for a short was a Thursday daily candle.
Friday was an inside day. Showing possible weakness of buyers for Monday.
Sold 10098.0 stoploss 10102.5 target 10005.0
My trigger is nearly always the IB 30 min candle (of same day).
Today that one was green.
So I took the long after a small rebound from 10:30 - as rule for Monday says.
As you can see my exit time is also defined...
Stop loss triggers 30 points away from entry.
Hope this helps.
GFIs1
..you may read the 2,6k+ posts before this one for further information in this thread
right there with you
short 10116.5 stoploss 10128.0
The daily chart is showing a good promise.
July 14th is the strongest day.
Therefore looking for the price to move below 10101.5 in order for more sellers to come and join our cause.
right there with you