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)
Description: Main my idea seat and wait strong pattern
Sceanrio1: After same sideway range find same seller and PB to 7630 area, look same delta area;
Scenario2: Same strong scenario. Price after opening fast go down under 7630 and can touch 7610. If touch 7610 it will be strong BUY place;
Scenario3: Long scenario after consolidation under yday high and broke him. Look same delta support under yday high
Post market view
Iam find same solution how i can do my profit bigger! Good!
Description: Good day for knowledge!
1. Prepare the rule: "If iam open trade near with level (+/-5$) hold until VWAP or next level";
2. What was my main mistake in previus day, and now iam trade PB to DA! Good
Description: Today is end of month. Direction can be mix. After yday fell on Trump news about "Trade war".
Sceanrio1: If not Trump news yday can be strong day and today my main idea whta price slow slow down to 7610 area and after fast push UP. Look same delta momentum signal;
Scenario2: At end of month guyes will be whant close part of his long position. Price go down under yday low and seller will strong hold price there. Look same delta resistance area
Scenario3: Positive came back and market will be buy everything what they see)) Look what will be around 7650
Week was difficult for me, BUT very good for continue grow and will be better!!
Short info about Friday PNL: 120$
Win ratio: 36%
Risk/reward: 2,06
Playbook ratio: 82%
Profit index: 0,5
Description: Last trade give me same good idea! Perfect!
Positive moment
1. Find my volatility edge! This is 8,00!
2. Week was good for knowledge
3. Last trade at friday was perfect!
4. Find a way how my skill can grow in near future!
Negative moment
1. Completly overtrading week!! (41 trades per week! CRAZY!!!)
2. Broke my risk managment at monday ((
3. Too much "Stupid" trades;
4. Trade during low volatility days (<8,00)
5. Try sell on the top
6. Bad concentration during trading
7. VERY bad Win ratio!
Summery:
Idea is next! I want up my Risk/Reward and Win ratio. During this week i see how my win ratio fail down when market was in low volatility period!
Plan:
1. Trade only if volatility more then 8,00;
2. My mistake was overtrading! Ok! Now i wiil be concentrate around my level (+/-5$) and i draw this plan !
Step: "Step to be better"
Where is problem:
Description: Problem is:
1. Iam try take all trades which is look like on my Playbook pattern. And it problem!
2. Iam do too much trades each day!
3. My weekly profit avarage very very low!
Solution:
1. Concentrate around my pre market level;
Example:
2. After first hour trading time i can trade my pattern "PB to DA" and "Reverse PB to DA"
Example:
P.S. Can be same comment from Trump about "Trading war"
Pre market plan
At Friday i see very good sell presure around 7680, today will be continue or it was momentum seller
Description: I don`t like this day when big gap with low volatility period and with out any news. It can be same sideway day.
Scenario1: Base on previus week VPOC area. Test this area and find same strong seller with limit order or with "sell off" pattern;
Scenario2: Market look on this gap like chance buy index chipper then it was price at Friday. I will be look situation around 7650.
Scenario3: Slow slow move with out any strong seller and find strong buyers around 7610 area.
Post market view
Good green day and good start new month! BUT it ONLY START!
Description: Volatility is enough and my level work good!
Description: I have two main things about today!
1. If price came same my level that does not mean start buy or sell! Wait same good pattern and momentum!
2. Concentrate on Level+Pattern;
3. Last trade was good example!
1. FOMC member speak.
2. Canada and US discouse trade rule.
Pre market plan
Description: Main idea to continue down becouse yday i see good seller presure around 7630 and 7650.
Scenario1: Price go to UP and close gap and find seller like yday on 7650. Perfect scenario for me);
Scenario2: Market fail from open and hold under 7610. Look same PB or delta resistance pattern;
Scenario3: Market find same positive and go up. look how price wiil be hold around 7630 and 7650;
Post market view
Perfect day BUT iam NOT
Description: Main idea what if correction move is not end! Same seller try sell after big move.
Trading statistic PNL: -193$
Win ratio: 25%
Risk/reward: 1,61
Play book ratio: 63%
Profit index: 0,55
Description: Important thing:
1. If i want trade from level! That does not mean stupid trade!! WAIT pattern near level!
Continue work about discipline and wait pattern+level!
Major news, releases
NONE
Iam test same idea about sama pre market view for Risk ON/OFF model and today good example and what i want test:
That idea means what during EU session market go to more safety assets. We wiil see result )
Pre market view
Description: My view what seller not finish to push price lower BUT can take time out for today)
Scenario1: Volatility is not extreme high and it means market can do same PB easy and i will be wait price around 7580 and look same strong seller there;
Scenario2: Seller start work from open and start sell from open. I will be look what will be in this case around 7530.
Scenario3: Seller take time out) Price go up slow slow. Look what will be around 7530(50)(80);
Post market view
Good green day BUT start too dangerous
Description: Main thing what i see strong seller around 7350 but market was ready to buy back ) And on 7310 was price culmination with out strong support
Description: During when i wrote this post market completly go down BUT my main idea to long actual)
Scenario1: Market go and test VPOC July area around 7380 and fast go up;
Scenario2: Market go up withiout test VPOC area. I will be look what will be around yday low;
Scenario3: Continue go down and may be find same buyers ))
)