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)
South bound train has left station,when big eq. is broken however, unless you are a position or fund trader you may prefer to day trade. unfortunately most indictors are laging behind and does help at all
chart shows how to find entry and stop in the better and efficient way through eq
1) on 7/23 yesterday high was 12143,low was 12066 BP was 12122, if market rebound strongly it needs to penetrate the eq 12066--12122--12178
2) when market began today, high was 12123 and low was 12107, after 3 hours we notice there is a small eq await to expand
3) we can foresee there will be a upward eq to be formed 12107--12122--12137 if previous 12122 broken
4) 4 hours past price did go up to 12137 at this time but held, we won't know the real direction however we do know 12107--12122--12137 is a legend equilibrium
5) few hours later market broke 12107 we can assume market will continue to mover lower because eq expanded downward provided 12143 (yesterday high) 12137(high eq tip) 12122 (bp) as resistances
6) as result sell order can enter between 12106 ---12114 with stop above 12137 or above 12143
