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)
My style of trading, when I started was a lot of indicators eg. MA, RSI, and Stochastic but my charts are clean and simple. I have moved on from lagging indicators to Price action >> Harmonics >> no I'm onto Wyckoff Method, I still use PA and Harmonics for my analysis. My journey has been enjoyable so far and would like to learn from members and in addition, give back to the community.
A journey of a trader can only be sought by himself. they are loads of trading methods and strategies and they are not going to suit everyone. Do some soul searching and answer this question What type of trader am i?
I started off as a trader with indicators. and any newcomer(s) should apply indicators as it helps smoothen out the craziness of the market.
I have completely come off of indicators. I only use 2 tools at times, (1) volume and (2) Fibonacci ratios.
Spending many hours researching, reading (especially the trading titans ie. R Wyckoff, Elliot, Livermore etc.) books, charting it becomes more easier to understand the market.
Any answer you get will be 100% wishful thinking. Wait until you have made every mistake in the book, more than once, before asking yourself that question again. Only when you have been to the very edge of your knowledge/sanity/patience and then been forcibly pushed through into uncharted territory will you begin to learn who you really are. Losing all your trading money is one way
Right now, what you think is soul searching and discovering yourself is just ego distraction. I mean that in a helpful way, mind is sneaky that way
EURUSD - Daily
We can see the stopping action of a downtrend on this pair. It was confirmed last week that EU would go into a sideways trend based on a Wyckoff analysis. This analysis looks at four points on the chart and for a confirmation of the consolidation action, these four following points must be completed PS, SC, AR and ST to mark the end of the downtrend. Now it is too early to call it an Accumulation/Re-distribution, but as the days past we would see what unfolds.
