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I think it's memory but about where they put the money. You have a good memory about where you put your money. The only difference vs other participants is you can't defend it. Others can and this is why you see reactions or directions.
Big Money, has always reason, doesn't matter if they lose or win...
Can you help answer these questions from other members on NexusFi?
@mewddsltd
- yeah you are right, 100 ticks on es is rare...
- great trade breakdown, thanks for posting
I agree, with my limited data, my trades show a similar result.
09.04.2023 - Day 4 : PA : +$95 : $1080/2500
I wasn't planning on trading today, but I saw a set up too good to pass up. I took it.
So I made a huge blunder last night while I was clearing my apex dashboard. I was clearing/canceling my previous failed eval accounts, so I could get it cheaper with the 80% off. I zoned out and cancelled my PA monthly. I have 3 on monthly and three on lifetime. I'm currently trading my PA monthly, this is just a safety measure, to prove to myself I can be discipline and follow my system/rules. I sent out an email to their support team, hopefully they can renew it... if not that sucks..
I opened up 4 more eval account, total if I pass : 10 accounts.
today was another example of the GAP getting filled .. hope some of you are starting to pay attention to where yesterday's ..
thought I would add today's ES as well .. with BEAR flags && BULL flags
Draw BEAR flags when EMA[13] .. EMA[21] .. VWAP are BEARISH
Draw BULL flags when EMA[13] .. EMA[21] .. VWAP are BULLISH
.. you don't have to be the first one at the party .. just be part of the party ..
NO GAP fill on NQ today .. price came close to touching the Y-Close (RTH) [green] but price did not come that close to the Y-Close (ETH)
took one quick trade at open as NQ had been bearish during GLOBEX but was showing a bear-flag during the one-hour pre-market .. only 20 ticks ..
and then just waited till the news came out ..
did not trade ES but put trend lines on the chart to show the flags for those that do .. trading strategy is to trade in the direction of the VWAP with the EMA[13]..EMA[21]..EMA[51] showing instances of reversal and potential reentry points
hope everyone had a green day ..
23 09 06 ES.fw
23 09 06 NQ.fw
.. you don't have to be the first one at the party .. just be part of the party ..
09.05.2023 - Day 5 : PA : +$95 : $1080/2500 1 PA - 2 eval blown up
09.06.2023 - Day 6 : 2 PA - 1 eval blown up
Yikes, thought I had a good control over my trading weakness, but looks like I still regress to oversizing after 3 solid weeks. Not sure, why I couldn't walk away, both days I was up a few hundred. I kept trading and those trades got me down under, which lead me to oversize. I'm still not moving my stop loss, so that is a good thing ... just gotta fix my habit of trying to fix everything by oversizing. I should know better .. sigh. I still got three life PA accounts, good thing I decided to hold off on it.
Today : 3 evals - had caught a few great moves, but gave it all back in the last hour ... now I have a high water mark at 1.9k. I got about $600 (trailing stop) breathing room, I'll try and make the best of it...
I need to figure out two issues : how to walk and stay away, and how to prevent oversizing when I'm down aka take the fucking red trade/red day .
@injpowwetrust .. your persistence will pay off .. what is that saying .. it isn't how many times you get knocked down, it is how many times you get back up ..
.. just curious .. can you write down what your entry strategy is?? your profit target goal?? your maximum stop-loss ??
for example .. my strategy is
1) trade in the direction of VWAP .. institutional traders .. trade in the same direction of the big dogs
2) trade in the direction of EMA[51] .. which quite often comes close to mimicking the VWAP
3) trade in the direction of EMA[21] .. or at least see some curling in my trade direction
4) trade in the direction of EMA[13] .. fastest and can give false signal
5) trade in direction of OBVM-CD .. but is often time pre-mature .. wait for confirmation
6) don't chase waterfalls, which some might refer to FOMO .. wait for a pull-back to the EMA[13] and then a break of the trendline in the desired direction
7) if the price starts going in the opposite direction and you want to trade in that direction, wait till the price crosses EMA[51] (at least) and then pulls back, the price confirms the new direction by retesting (bouncing off) EMA[51], and then continues in the new direction
thinking about adding not trading till the first 15-min candle of US session has closed
OR-Breakout is similar but am waiting for confirmation of the OR re-test
a lot of this is built into the buttons so I don't have to think about it each time .. buttons won't place trade if enuff criteria aren't met ..
you can make $$ by trading in the right direction
you can save $$ by not trading
you can lose $$ by trading in the wrong direction
.. 2 out of 3 ain't bad
.. you don't have to be the first one at the party .. just be part of the party ..
I have more then less the same trading idea like you, only I use 5 min. 20 EMA as trend direction and the VWAP's are support / resistance.
Then also 3 MA's, a TSI and a CD.
What's interesting are "The Buttons". With the buttons you can't place a trade when not everything is in line. All my loser trades actually are trades not lining up with my rules. And I make them every time after waiting some time because nothing is going on. It's like I have to do some moves or the world is going down. So it would be nice to have some security like does buttons.
When you have time and interested it would be awesome to tell us how we can make our own buttons.
How are things in Mérida?? Travel Channel has featured Mérida a couple of times .. looks beautiful .. quiet ..
we are trading more alike than you realize .. my charts show the 2-minute bars .. I have a second dataset on my chart in the background .. the timeframe for this dataset is 6 minutes.. and the moving averages are linked to this dataset .. of course, VWAP, PIVOTS, and others are time-independent..
not sure how to tell you how to build your own set of buttons .. the original idea for the current set of buttons came from the "social" buttons on the TradeSaber button strategy .. first I got rid of everything I did not want .. focused on the social buttons .. and started rebuilding the TradeSaber strategy with my trade criteria .. incorporating things I liked from my previous strategies ..
I agree with your assessment .. my likelihood of success increases when I use my buttons .. which is why I developed them ..
I looked at the TSI indicator .. first thing I did was put the basic NT8 TSI in the core indicator used for OBVMCD .. the results are in the attached image on panel 3 ..I also just put a smoothing line on a base TSI and colored the background for rising/falling and when the main line and smoothing line cross .. the results for this are on panel 4 .. this is an interesting indicator but does not appear to be any more accurate than any number of indicators ..
23 09 07 TSI.fw
.. you don't have to be the first one at the party .. just be part of the party ..
@mewddsltd you are right, I've been deviating from my trade plan/system. I need to look over my trades and think about it... Ill check write it down soon.
09.07.2023 - $190
I spent most of this morning working and thinking about how to tackle my issues. Lately, I've been chasing and trying to catch every trades, I need to narrow down and eliminate those type of trades. I'm taking too many trades against my main trend indicator ....
