My nq price action method
- Thread starter slugar
- Start date
Me too.
I don't see much difference between the 2.
How can I get a handle on this aspect?
Gabe
Learn to read price.., and then to draw proper context based on same
See attached - there is a great difference between the two
Admittedly my TLs aren't the straightest - but what can you expect from cheap help - joking
RN
I drew some TL's.
You said that in the 1st chart you would wait for a TL break and the 2nd you would trade like slugar.
Why wouldn't you wait for a TL break in the 2nd case as well?
You said in relation to slugar's chart that we have a DT.
Don't we have a DT in the 1st chart also?
Gabe
I drew some TL's.
You said that in the 1st chart you would wait for a TL break and the 2nd you would trade like slugar.
Why wouldn't you wait for a TL break in the 2nd case as well?
You said in relation to slugar's chart that we have a DT.
Don't we have a DT in the 1st chart also?
Gabe
Looking at PA from afar â it easy to see conflicting signals â even no signals
Only after digging into it (PA) â do the nuances become evident
I said those 2 charts are totally different â and they are â even your TLs reflect that â you..., evidently..., canât see the differences
You started this by asking about finding a short â to which I responded
Not until the UMTL was breachedâ¦
The PA is/ was there to support my response (none of your TLs support otherwise)
Slugar shorted the trade he shortedâ¦
The PA is/ was there to support that short (your middle TL also supports this - he caught the breach of it )
I dare say all valid trades will have more than 1 signal accompanying them (momentum trades notwithstanding - they are a different animal)
Just a matter of picking your poison
==============================
Not sure what else to add - other than;
One must create a method..., stick to it... make it their own (which is why I'm not wasting time by second guessing Slugar's trades / suggesting other trades.. or even other signals) eta - I do look for supporting PA to back up each of his trades - and will continue to do so
We use stops for the trades that don't perform
RN
And to answer your questions specifically
Not how Slugar traded it
There are a few DTs⦠along with LHs.., HLs..., DB / triple bottoms & quad bottoms
There is also a range
RN
Not how Slugar traded it
There are a few DTs⦠along with LHs.., HLs..., DB / triple bottoms & quad bottoms
There is also a range
RN
Thanks for the answers RN.
Probably b/c of Autistic tendencies I see things in a more B&W way but would I be correct interpreting what you said by assuming that there would be several ways of entering a trade in an area and not all trades will be exactly at the same place b/c of slightly different rules/reasons and there isn't in fact a CORRECT way?
Gabe
Probably b/c of Autistic tendencies I see things in a more B&W way but would I be correct interpreting what you said by assuming that there would be several ways of entering a trade in an area and not all trades will be exactly at the same place b/c of slightly different rules/reasons and there isn't in fact a CORRECT way?
Gabe
There is absolutely a correct way - Your Way...., the way you create..., you hone..., you become proficient with..., you trust..., you know inside and out
While accepting - there will be losing trades & our primary job is to keep each one of em small
btw..., whatever way we create - we then must be consistent with it (no exceptions here)
RN