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)
...back your morning gains in the afternoon. So often heard
Looking at our Dax movements of today in a very low volume session (<50K before US opened)
we see moves without a clear direction.
It is always tempting to jump right in - where no real signal can be seen.
Easy to lose a lot - instead of keeping the gains in hand and protecting capital.
After the above described uncertainty of direction - suddenly the breakout came
and made everything clear - direction more south.
Difficult to see the trend clearly. Most obvious was that a breakout out of the rectangle
will happen:
In fact for our setup in this thread with only morning starts such a trade was out of discussion.
Question is often - how many consecutive days are to be seen if a trend is on its way.
Thanks to a chart by Chad from Linnsoft I was quenching out the data for the Dax.
Now - if you think back to the last 4 months - how many days in ONE direction were to be seen?
Four, Five, Six, Seven or more days?
Have a look here:
Answer is five on the short and six on the long side.
I am following this thread, thanks for sharing your journal.
Could you please explain how you choose entry and exit times?
Todays trade is risk conflicting because there is green 30 minute candle at the open whereas the probability that the DAX goes down on Wednesday is high. Is that correct?
