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)
I am not going to take any more trades for the day but will return in the early morning hours. I don't know if this is appropriate or not but I am in the February FIO Journal Challenge and if you like my journal I would appreciate your support. I believe the link to my journal entry is as follows:
I finally got filled today after being missed twice. Very frustrating. This trade is on the NQ. It is an aggressive entry and counter trend trade looking for +12 ticks. The trade just hit my target as I type but haven't been filled. Stop moved to break even and I was just now filled. That felt good!
I have been enjoying the cleanliness of "misalto's charts - Trading NQ only here's my journal" so much that I have been experimenting with several different renko bars again. It's seems so much easier to read the price action on. I intend to do a careful examination over the weekend to see which chart setups I like best for reading price action. Then I will have those charts up next to my volume charts for further examination during the week. Enjoy the weekend everyone!
Wishing everyone a great trading week! I am really looking forward to it. I spent a ton of time with the charts this weekend and came up with 3 renko bars and settings that I really liked:
UniRenko 3-9-3
Better Renko - 5
So Renko - 5
However, I have decided to stay with my volume charts and have tweeked each of the settings a little. I will be using the following volume settings this week:
Basically, I look to get them close to the average for 10 min candles and to where the signals are clear and a whole trading day from 6:00 pm EST to 5:00 pm EST can be seen on 1 monitor. I will show you my first trade on the chart with 10 minutes after this post.
