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)
It's been a great year with futures.io (formerly BMT), I wish you all a Merry Christmas and Happy Holidays with your beloved. I really enjoy trading, I would like to post two videos, the first one, from the "Big Kahula" soundtrack by Baz Luhrmann, reminds me that sometimes "I forget the Sunscreen", you'll understand as you listen to the lyrics of the video. The second one, by Dustin Farrell, how beautiful is life and our planet; doesn't need any comment, it is self explanatory.
This thread has been nominated in our "Best of Trading" series, in the category of "Best Thread Of The Year". Voting is currently taking place, cast your votes by following the link below:
2012 here we go again, it's time of my new year's resolution and I will focus on simplicity.
“Simple can be harder than complex”
“That’s been one of my mantras — focus and simplicity. Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.”
Steve Jobs, BusinessWeek, May 25, 1998
I will work on 60 minutes charts as I think bigger time frames give a cleaner PA overview. My technical analysis will be based on main Supports and Resistances and on Japanese candlesticks patterns. Instruments will be ES and YM. I will use 2 indicators wich are both Fat Tails' proprietary, you will not find them on futures.io (formerly BMT):
1) Auction bars for the candlesticks patterns
2) FibonacciZones for Support and Resistances
This is a complementary technique to the Vwap and SD counter trend, there are less signals during the day but with a good probability of success and interesting Risk Reward ratio. Here are some examples:
As the entry is always close to a S or R, the stops are quite small; from a psychological and emotional point of view it is a great advantage as the Risk of Ruin is definetely smaller if compared to my OP.
The golden cross is a chart pattern created when a shorter term moving average was below a longer term moving average, but it crosses above that moving average. This is typically seen as a bullish signal.
The golden cross is mostly used with longer term moving averages. It's an especially strong signal when the 50 day moving average crosses above the 200 day moving average.
In the last 12 years, as marked by the blue boxes, every time we had a golden cross ES increased substantially. In these days the ES 50 EMA is about to crossabove the 200 EMA, will it be another Golden Cross?
