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)
In general yes. It's one of the least riskiest set up. 10-15 ticks risk for 50 or more reward. If pivot range was close to OR high- even better, as resistance will be stronger.
Equally, move to the upside is stronger if after a down daily pivot, pivot range are also at OR high and resistance is taken out.
Essentially in this case BULLS are too strong and after clearing resistance , it can RUN as stops get HIT.
Can you help answer these questions from other members on NexusFi?
2) ACD method is my core and i use Market profile basic concepts as a layer to ACD. I did not look at market Profile chart yesterday and as a result failed to see why Feb. contract ( CLG2) yesterday found support yesterday at 99.48. Chart is attached.
i will be attaching market Profile chart from time to time , if it gives some areas to watch.
Short 100.98. cover 100.30. Only one trade based off pure ACD set up. Others were of levels and expectations. Today, smaller time frame OR traders had a head start in catching A down.
yesterday after A down , CL went into OR and stopped me along the way. Today, did not come close to OR low of 101.25. I never know, just have to keep trying.
Short 100.98. cover 100.30. Only one trade based off pure ACD set up. Others were off levels and expectation theory. Today, smaller time frame OR traders had a head start in catching A down.
yesterday after A down , CL went into OR and stopped me along the way. Today, did not come close to OR low of 101.25. I never know where will CL stop after A down, just have to keep trying.
clues into why 100 level was bought on first test and every time it pulled back not sure why it can not get above 101 (lol). In day trading we have to be right about levels which are important to big money, stop loss, location of buyers and sellers , sentiment, expectation and everything else under the SUN.
No wonder it can be hard over a long period of time. But it also get easier with PRACTICE.
