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'm definitely getting slammed today. Over trading, When I go long the market goes short, when I go short the market goes long. Currently short 2 contracts @1.2008. Looking for 1.1976 as a target. Will post charts later, JP.
Hey FM, you have identified your levels and channels and marked them off quite efficiently and good idea to use different colours for different timeframes. Just a suggestion...if you intend using a level to trade off or as a reminder to observe some future event then it belongs on your chart. Otherwise if it is simply there to mark a level then you need to reconsider its usefulness.
Lines have huge influence on your subconscious sentiment. Ive been caught many times wondering where the hell to place a level and in doing so, completely missed great trade opportunities because my attention wasn’t on what price was doing.
Try it, mark a random line and when price heads towards it, observe your impulses. Now when you do the same without lines, your analysis and sentiment is often quite different. Its very subtle but when you observe it you will see how influential they can be.
Knowing this, you realise that you cannot trust yourself because if a single line on your chart has the power to change your sentiment then the trees are getting in the way of you finding the woods. So to speak.
This is just one of the things I discovered about myself and I thought Id mention it because I see you doing what I used to do. Not that it is wrong! Just that I see similarities...you know what I mean?
I closed my last open contract that I held over the weekend. I got out really early as it was getting late and I couldn't stop thinking about the trade. I closed it for my piece of mind because I had a very busy day today that I couldn't watch the market. If it wasn't for the competition I probably would of let it run. I really wish I did, as eurusd really took off in my trade direction. That is life I guess in trading.
I got caught on the wrong side of the market. Over traded on multiple series of 2 contract trades. I closed my charts and I'm about neg $78. I think you took my money Rob . Fresh start tomorrow, JP.
Absolutely know what you mean. My better moments as a trader have been when I can feel the pulse of the market as a narrative of buyers and sellers taking actions. The chart and the lines are the shadow of that activity. I am stuck in the cave.
Here, if you haven't gone through this old thread, check it out:
I want to test something. It's simple. Place some random lines on your chart prior to the day opening, and see if at the end of the day you feel like those lines were important (try to imagine they weren't random, but some expensive or complicated …
I don't believe the market reacts to my lines or MAs or anything on a chart. I do believe that the lines I draw represent price areas of previous activity, extremes of ranges / price trajectories where other traders have hung their hats, so to speak. What the market does has nothing to do with the lines, and everything to do with the actions of those same traders, and others waiting in the fold. The lines give a means of visualizing and perhaps measuring that action, a signpost for the amplification of those aggregate trader-decisions / actions, but using the term "predictive" would be very shaky indeed.
Knowing this, believing it, and trading successfully in tune with it, are all different challenges.
I haven't seen many vwaps on charts here, but here is a short trade I'm planning. Looking to short Y-Vwap and weekly v-vwap confluence if price gets there. Limit order with 2 contracts, 1 targeting the low of the consolidation, and 1 targeting further down.
EDIT:
Meh - never made it. cancelled order.
"It does not matter how slowly you go, as long as you do not stop." Confucius
Not much to report today besides impatience. It was a snoozer from my perspective, so after my first trade I decided to go do other things. Still came away with a few ticks, maybe more luck than anything. But good to know we got this sideways action today, hopefully the rest of the week will give us something solid to work with.
Another janky tight range today... looks like we need to wake up at 1AM and trade the Euro session to get anything going LOL, another decent run down overnight. As it is, we're slogging through on RTH doing all the grunt work, and they get to have all the fun.
I'm not convinced this little bear run down is over yet. What say ye?
I dont know rracer, from my perspective this thing has been tearing arse the entire day! But then again I do operate in the twilight zone (1min) where no one dares to come
Hows that for trending
. Fresh start tomorrow, JP.
I dont think 18 bucks took all your money. 
