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)
Moved to a nice resort today, with better Internet than I had at my old place. I am slightly further away from the beach (3 min. vs. 1 min. walk), but trading should be more pleasant with respect to its technical aspects (no more disconnects!).
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
I feel like I can see the entry was off a good bounce from the EMA, but didn't the prior price action give you a heads up that the buying was weakening and selling strengthening? Those bear bars would have made me nervous about a long there. Also the vertical move indicating momentum vs. a "nice trend, buy the pullback" kind of trade, just like the previous two moves. I do not trade CL, so I may be way off the mark but was curious
No, you are absolutely right. I was buying at the top of a range. I followed my setup without considering context. The kicker was that the signal bar wasn't even that great, bear body. Impatience on my part.
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
2 trades, 2 units each, +18, +18, +38, +31.
I suspect many traders were hesitant to buy after such a strong move already happened... but a fresh BO is a whole new game than just a move to range's edge.
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
"When you are fearful, you have chosen wrongly.... You must change your mind, not your behavior, and this is a matter of willingness. You do not need guidance expect at the mind level. Correction belongs only at the level where change is possible. Change does not mean anything at the symptom level, where it cannot work." - ACIM ('Fear and Conflict')
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
