bmwhendrix vs the NQ

[bmwhendrix]

-$45 for day. after commission.

10 point range day. I kept positioning for a breakout that never happened. The low volume forced me to drop down a fractal and shoot just to break even on day. Came close.

Just a wasted day. keeping losses small.

 

[bmwhendrix]

+65 for day. Not trading this afternoon.

 

[bmwhendrix]

No trading Thursday, day before Holiday.

Today not trading the afternoon.

I may not continue journal, just something else to keep up.

Working on simplifying things now.

Good day today.

Bye.

 

[jas_in_hbca]

nice trading. Any plans to add more size ?

ps I hope to be back trading in 3-4 weeks

 

[1a2b3cppp]

Nice trading without indicators. That's the way to do it.

 

[traitor786]

Just out of curiosity, what are you trading based on. price alone, volume, level 2 time and sales ?

Do you use any drawings Or is it purely based on nothing ?

Also is your stop loss and exit based on a system ?

 

[bmwhendrix]

Price only on 1 min, 2 min, 1000v or 5000v charts
On NQ stop are from 1-3 pts.

 

[traitor786]

Price only ? You are sparking my curiosity, but you must compare current price to something to decide if it is low or high ?

 

[bmwhendrix]

And so the indicator makers and vendors will agree with you....

Why do you make that assumption? It is very hard for some people, took me years to fully drop all indicators. I believe price tells all you need to know. I know, others will argue for volume, vix, tick, trin, a/d, etc. None of that ever showed that it helped my trading. Maybe I am just too thick to understand it.

If price is not telling you something, then that is it.....the market is uncertain and is displaying it.

 

[traitor786]

Quote from bmwhendrix:

And so the indicator makers and vendors will agree with you....

Why do you make that assumption? It is very hard for some people, took me years to fully drop all indicators. I believe price tells all you need to know. I know, others will argue for volume, vix, tick, trin, a/d, etc. None of that ever showed that it helped my trading. Maybe I am just too thick to understand it.

If price is not telling you something, then that is it.....the market is uncertain and is displaying it.

Not hard to believe. just trying to see how crazy of a guy you actually are. So you use price alone, no level 2 no time and sales just price, right?

"If price is not telling you something, then that is it"

This could imply trends. As price it rising it is telling you it is rising.
It could also imply trying to see how people are being taken advantage of and pulled in to bad trades and out of good trades. Or having their stops taken by another. Or that many stops may placed at a certain level.


You say no indicators. But for the chart to be telling you something, it means you are seeing something. Or something indicates to you to buy,

don't mean to be difficult, just learning.