My nq price action method

Times when price is between 2 zones on a bigger TF….

Use the very same method…, on your trading TF…, and see if a zone exists there

Pink lines denote the intraday zone created today (question is, can you see it)

Note; normally I do not have volume turned on - on my trading TF.., but turned it on for this



====================================

The green box – is a trade back into that zone

Trade; DT to a LH short / 57.88
Stop; breach of DT / 57.99
Target; top of zone / 57.48 (I chose the top instead of the bottom as there’s been strength present )

RN
 
Normally I do not like to trade @ / near the open… rather allow things the volatility to settle and price show its hand


Unless a clear opportunity presents itself




The green box – is the trade (noted on 1 min..., and 5..., but used only the 1 min for this one)

Trade; Long @ 55.11 / .12

Stop; breach of lower zone / 55.97 (but I’d be seriously considering exiting…, for a loss.., if the open of the 1st bar (which is/ was the mkt open) – had been breached by the 2nd bar (on the 1 min)

Target; top of zone / 56.58 (and I exited immediately – opens are too volatile to mess with)

premkt.., price had been moving up and into this zone (apparently it wanted to be there)

Note;

I am not suggesting trading the open – rather this is an example of how to use zones to set up trades



back to our regularly scheduled program

RN
 
Handle123 said:
RN

Do you include Volume in your trading? I started several months ago cause I wanted more consistent reversal extreme trades(after an extended move), or at very least know when the end was near. I look for increasing volume at lows and decreasing volume at highs.

Time to trade !!!
More...

Yes Sir

Time.., volume.., and price - throw in some lines..., boxes/ rectangles


I look at volume as - traders with the clout - are doing something - in preparation for something - best I take heed


Here's a couple regarding volume

On a lower TF - look for higher volume spike (relatively speaking) just prior to a PB

In a range / think hinge - volume will drive which way price heads out (typically)

And I'm not talking about volume on the B/O bar - rather volume inside the range



B/O volume - is the B/O real

3 phases to B/O volume

volume necessary to break price out

volume created by the stops being hit / traders reversing / initially entering

Then the telling volume - the batch that either drives price out and away.... or the lack of which - sucks price back in


There is a great deal... and a great many nuances to volume - as there is with time... and PA

I love em all dearly

RN
 
slugar said:
500 tick. trade 1. higher low long at 3540.50 stop 3538 target last swing high 3558 2.short lower high at 3549.25 stop of 3552.25 min. target 3540 area of last swing low.3. short on a double top 3544.50 stop 3547 target 3528 top of support zone.4. long on a higher low at 3539 stop 3536.50 target 3551 swing high5. short at double top 3550.25 short 3553.75 target 3543 swing high. 6. long double or triple bottom stop 3551.25 target 3560 resistance
More...


500 tick.

trade 1.

higher low long at 3540.50
stop 3538
target last swing high 3558

Notes/ observations

This UMTL (up move TL) is messy – look where it begins – at neither the wick end or the body – be precise
Target = last swing high/ 3558 = why…, how did you know it was the last one…, or even that price would create it


trade 2.

short lower high at 3549.25
stop of 3552.25
min. target 3540 area of last swing low.

Notes/ observations

Solid plan

Aside – you appear to be picking up on shorts better than longs???


Trade 3.

short on a double top / 3544.50
stop 3547
target 3528 top of support zone.

Notes/ observations

entered..., either a little too late.., and took some heat… or a little too early (prior to the retest of the DT) – its always a judgment call – and easy to arm chair QB (by me)

The stop may be a little tight..., based on the PA in that area (the 9:18 bar actually breached the 9;12 bar)

The DMTL here (down move TL) is drawn sloppily (wick or bodies – pick one and stick with it)


Trade 4.
long on a higher low at 3539
stop 3536.50
target 3551 swing high

Notes/ observations

Price breaches the UMTL – yet you enter long there – why - I’d wait till a HL (which respected the UMTL) and enter there – clearer PA / tighter & clearer stop

trade 5.
short at double top 3550.25
short 3553.75
target 3543 swing high.

Notes/ observations

Ugly PA.., and price is actually in a range (~9:48 – 10;11)

Granted the short worked – but I’d have sat on my hands

Range BO down w/ resistance not too far below (note the range put in during trade 3)


DTs/ DBs are solid signals – just realize a byproduct of theirs is always a potential range forming


The DMTL needs to originate back on the 9:46 bar.., and connect the 9:55 / 9:60 wicks (at a much lesser down angle)

Those are not DT / TT – they are actually LHs (precision is important)

This whole area is also a range

Trade 6.
long double or triple bottom
stop 3551.25
target 3560 resistance

Notes/ observations

I see a DB w/ a breach (false BO down) – which could lead to a B/O down - or not

A range

A false B/O up


That is some messy ass PA

Move down – price is in the range formed around trade 5

Move up – price is at the high of the session so far

This PA is saying it doesn’t know what it wants to do (direction to head)

================

This whole chart - price moves.., creates a range... moves again..., creates another range - iow bouncing from range to range to range (and if there is not a range - it creates one)

indecision - personified

perfect example.., why day trading targets - works..., over holding (hitting a home run)

======================

Well written plans

Good job Sir

RN
 
Play off yesterday's intraday zone

Have the patience to let price drop in it - buy - it pops back out - exit

wrr

see ya this evening


RN
 
Redneck said:
Play off yesterday's intraday zone

see ya this evening


RN
More...

okay - I lied




2 intraday ranges (1 made today) and price sititng in the longer TF range

indecision


Time to sit on hands till the dust settles - no need beating one's head on the wall

RN
 
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