Anyone using ATR for trade decisions for NQ

yes, I am looking at that as a method as well... thing is that sometimes that last swing hi/lo is way out like 10 points or more... that I cannot do
 
Jdesey said:
yes, I am looking at that as a method as well... thing is that sometimes that last swing hi/lo is way out like 10 points or more... that I cannot do
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I have three timeframes, the smallest of which usually provides the entry and stop. I am a singles hitter and don't risk more than 7 ticks on the ES or 12 on the NQ. If I can't get in a trade where I want, I wait for the next bus.
 
Jdesey said:
Speedo... .. that is really tight.. 3 points NQ,,, do yo get stopped out often?
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I am a day trader, I get stopped out a lot. But on the NQ, my R/R is roughly 2-1 so I don't concern about the losers.
 
Xela said:
Some of those turtles might have been mock turtles, I suspect: there may be more money in fading the bull/bear-traps, these days, (according to Linda Raschke, anyway). ;)
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%%

Another good thing about getting in a bear trap , in a bull market; some traps can be real easy to remember. As far as NasdaQQQ going up ten days in a row, really dont have an opinion on that-LOL:cool::D

As far as fading a turtle patterns/anything, that would really depend on if some one like$ to make money+ % of wins+ other things. She is a profitable woman; so that factors in also. Delayed edit.
 
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Jdesey said:
NQ has been very Whippy...
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Some of us quite like that ...
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