My nq price action method

[Redneck]

on the 1 minute I see a lower high short at 955, a long on a higher low at 1030, another higher low at 1045 and 1115. plus they were all bounces off of trend lines

That 8 - 15 min bars is some of the cleanest PA I've seen in a while

It also the very foundation of reading PA....


Before adding more layers..., may I suggest you take some time..., bust it down..., and understand it

All the signals I outlined are there..., plus quite a few more.


Adding any additional PA aspects at this point will serve only to confuse you

Please print it out and break it down - it is the very foundation


RN

 

[slugar]

I've already printed it off were those places you would have traded. and by outlining do you mean the reply with the charts, and also what did you think of the chart I printed of the nq?

 

[Redneck]

I've already printed it off were those places you would have traded.

Not only would have.., did

by outlining do you mean the reply with the charts)

Not necessarily..., unless you deem it useful

This is about you..., and for you..., not me

Whatever I throw out there - use what you like.., chunk the rest

what did you think of the chart I printed of the nq?

I'll post the way I see it... but ultimately the important (and only) thing is - that it makes sense to you / you can use it / trade it

Chart to follow

RN

 

[Redneck]

here's the channel I've been using

This is how I see it - right or wrong


eta;
The middle horizontal line is not exactly 50% between the upper / lower horizontal lines..., it needs to come down just a bit

RN

 

[Redneck]

Moved the line down a bit

RN

 

[slugar]

I thought when drawing a down channel I am suppose to start from the high and run in through the next swing high

 

[Redneck]

I thought when drawing a down channel I am suppose to start from the high and run in through the next swing high

Draw all lines / channels / whatever - to capture what price is saying (behavior)

Important above all else


RN

 

[slugar]

On average about how many trades per day can I expect? And do you swing trade intra day or scalp

 

[Redneck]

On average about how many trades per day can I expect?

How long is a piece of string - iow too many variables

Your skill
What the mkt offers on any given session
How long can you stay focused / in tune

btw..., this is trading..., expect nothing - ever

And do you swing trade intra day or scalp

For all intense purposes - I'm a day trader - and do every day that I'm not sick/ on vacation / it a holiday


I also swing trade a few things in a separate account.. but never talk about that aspect


RN

 

[slugar]

Would you mind looking at my 500 tick chart and see if you think I missed something. I'm trying to day trade but not over trade and am trying to limit my amount of trades. The question I have is when you have a method that's profitable Douglas says you must trade each valid setup so I guess I need work on the valid part