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  1. Redneck

    jasinhbca's quest for discipline, knowledge & profits

    J Would it be okay if I marked your last chart up and highlighted a couple of things RN
  2. Redneck

    My nq price action method

    Just missed a good size DM Doesn't matter - I called it a day Point is; Learn to separate & let go - relax - there will always be another trade waiting in the wings Too often we try to make things happen - makes for stressful trading - and costly mistakes RN
  3. Redneck

    My nq price action method

    This goes back to the statement I made about S&R… And how S&R work the same... and how they are labeled based on their relation to price =============================== I noted 3 areas – with a purple lines and circles – where R flipped and became S When trading – I don’t mark...
  4. Redneck

    My nq price action method

    Callin it a day Monday was a bitch - today - not so much... good idea to reward yourself when you can Slugar I'm going to repost your chart from yesterday and highlight something back in a few RN
  5. Redneck

    My nq price action method

    RN
  6. Redneck

    My nq price action method

    Huyang We must remain mindful - this is Slugar's Journal.., and Journey btw.., I don't trade futures - rather I'm a stocktard RN
  7. Redneck

    My nq price action method

    Just two traders doin what we do :cool: You are Very Welcome :) btw - strangers - in not ever meeting - yup.... kindred in the crap we must go through & endure to get this.... that no one else on earth would (or even could) understand - it... or us Yeah baby RN
  8. Redneck

    jasinhbca's quest for discipline, knowledge & profits

    Hey J 1st trade – Short @ PB to res and TL – when price at the mean Whenever price at the mean – of either a horizontal or diagonal range / channel – that is one of the riskiest trades going Price could literally go either way – it’s a crap shoot every time Just because...
  9. Redneck

    My nq price action method

    General comments; Like your range – whenever price in its vicinity – use it by extending it across (see 12:55 PM to end of chart) There is a narrower zone above it… and a small zone (aka range / aka hinge) at the bottom Like your lines – but – 2nd UMTL should be tighter (see my...
  10. Redneck

    My nq price action method

    Tis in fact the world in which we play :) Best to always have a plan - otherwise chaos could easily consume us.., and our actions RN
  11. Redneck

    My nq price action method

    Made perfect sense Sir I never thought you did... I was simply explaining where I was coming from Please share your thoughts - it is important - and.., that's what we're doing - sharing :) RN
  12. Redneck

    My nq price action method

    First; Slugar never realized that yellow zone existed Second.., and more importantly – there are 6 bars hitting the top of that yellow range – how many does it take before exiting… taking profit.., looking for the next entry Price could have gone either way - we simply never know...
  13. Redneck

    My nq price action method

    Order types / what to use (the 64 thousand dollar question) How will one manage trades – actively / passively How liquid / illiquid the instrument How volatile How much size is one trading How is one trading Entries – Mkt / Limit / Buy Stop Stops – mental / entered and resting /...
  14. Redneck

    My nq price action method

    When entering long @ a lower price.., lower than that of the previous trade’s entry price where you also went long – price is / has been moving down So unless one is anticipating a reversal – it reasonable to think the target for this second long would be lower than the target for the...
  15. Redneck

    My nq price action method

    Slugar Absolutely no pressure today - whether you trade or don't Observe.., fiddle around with creating context.... If a juicy signal comes along - so be it... and if not - so be it RN
  16. Redneck

    My nq price action method

    Huyang I'll respond to your entire post this evening Sir In the meantime - and to you last point/ suggestion..., my most important and over riding directive is this Slugar could give a shit how I trade..., he could care less what I woulda.., coulda... shoulda And I respect that...
  17. Redneck

    jasinhbca's quest for discipline, knowledge & profits

    The volume – maybe make it one color (reduces the chance of color imparting a bias) The 8:03 long into the channel’s upper TL - ?? 1st pink arrow – short (8:00)– in the middle of a range?? Note; When there are upper wicks – on up bars… in conjunction with lower wicks on...
  18. Redneck

    My nq price action method

    Sorry - I meant in your personal journal.., not this journal Have an intimate conservation with yourself and try explaining why RN
  19. Redneck

    My nq price action method

    My initial thought; your TLs look a lot cleaner / precise/ and similar in approach / methodology creating them Sweet :) ====================== After the 1st trade which in looking back I shouldn't have taken because it was in chop Careful with the hindsight analysis…, rather learn from...
  20. Redneck

    My nq price action method

    While I'm writing commentary on your plans.., take a look see It not completely straight... but close enough I'll be basing my comments off it RN
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