My nq price action method

[Redneck]

Huyang

We must remain mindful - this is Slugar's Journal.., and Journey

btw.., I don't trade futures - rather I'm a stocktard


RN

 

[Huyang]

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

RN: It was very kind of you to remind me. I will definitely be mindful about that this is Slugar's journal. I mentioned learning to trade NQ implicitly indicating my questions will be directly related to Slugar's journal because Slugar trades NQ too. Reading carefully the detailed response from you and other traders regarding Slugar's trades would have already answered many of my questions. I will try not to ask you more than 3 questions. PA trading in essence is similar for all different kinds of markets, as far as i think. Thanks.

 

[Redneck]

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

RN

 

[Redneck]

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

 

[Redneck]

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 these areas (makes the chart too cluttered) – but I do see em…, note em in my head… and play (trade) off em when they are in play

Iow – I use these realtime…, as another confirmation data point (always searching for the clues and queues)

RN

 

[Redneck]

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

 

[Handle123]

Yabba dabba do

RN, can you define some of your abreviations? I not too bright. grin

 

[Redneck]

Yabba dabba do

RN, can you define some of your abreviations? I not too bright. grin

Which ones Sir

DT - double Top
TT - triple Top
DM - down move (I trade moves... not trend - which is not to say I ignore the trend - ever)
UP - up move
UMTL - up move trend line
DB - double bottom
DMTL - down move trend line
TB - triple bottom
S&R - we all know
BO - break out
BOD - break out down
BOU - break out up
Zone - range
Any others??


btw - I sometime use the term TL - for diagonal or horizontal lines - they do / serve/ represent essentially the same things

RN

 

[Redneck]

Which ones Sir

DT - double Top
TT - triple Top
DM - down move (I trade moves... not trend - which is not to say I ignore the trend - ever)
UP - up move
UMTL - up move trend line
DB - double bottom
DMTL - down move trend line
TB - triple bottom
S&R - we all know
BO - break out
BOD - break out down
BOU - break out up
Zone - range
Any others??


btw - I sometime use the term TL - for diagonal or horizontal lines - they do / serve/ represent essentially the same things

RN

LH - lower high
HL - higher low
RBOD - range break out down
RBOU - range break out up
SL - stop loss
UMTLS - up move trend line stop (breach of the TL)


wtfaid / wtfait - what the F am i doing / what the F am i thinking

RN

 

[slugar]

Thanks RN I will post my chart later but it might be this evening