My nq price action method
- Thread starter slugar
- Start date
I'm trying hard to understand the genius here...
At 11:30 price made a lower low, and it was immediately rejected. Is that the eye candy?
After the rejection, traders found value at that low price.
The two "potential" signals that I see at about 1150 are a PB to a TL SHORT, or, TL breach B/O long. Am I right or wrong? I would also say since price was immediately rejected at 1130, and moderate volume indicates demand, that the signal to take would be long on the TL breach.
When you say low risk to find out, do you mean you are looking for a short now that there is a DT on the 1 m? Or, are you still looking long, because of the higher lows beneath the DT?
Then price went a little lower, but did not yet take out the 1150 pivot low.
I followed your charts. I'm just trying to understand what you're saying!
And why were you just watching? Is it because you already met your daily goal?
And great trading music. LOL
Thanks RN,
JS
At 11:30 price made a lower low, and it was immediately rejected. Is that the eye candy?
After the rejection, traders found value at that low price.
The two "potential" signals that I see at about 1150 are a PB to a TL SHORT, or, TL breach B/O long. Am I right or wrong? I would also say since price was immediately rejected at 1130, and moderate volume indicates demand, that the signal to take would be long on the TL breach.
When you say low risk to find out, do you mean you are looking for a short now that there is a DT on the 1 m? Or, are you still looking long, because of the higher lows beneath the DT?
Then price went a little lower, but did not yet take out the 1150 pivot low.
I followed your charts. I'm just trying to understand what you're saying!
And why were you just watching? Is it because you already met your daily goal?
And great trading music. LOL
Thanks RN,
JS
I'm trying hard to understand the genius here...
You’d do well knowing…,
I am a dumbass redneck – first…, foremost…, always – to my core
I’m told to jump – I do so – then ask how high
I hold great value on this
No genius here
At 11:30 price made a lower low, and it was immediately rejected. Is that the eye candy?
The term eye candy was meant for Slugar – it something we’re working on / through
But to answer your question – yes
After the rejection, traders found value at that low price.
This is one thing that gets me about aspiring traders – always looking for the why / who
By the time you find this – it’s way too late…
For that matter usually – by the time you think it (which distracts one's focus / attention) then revert back to thinking about the actual PA.., the potential trade at hand
It is too late
Keep your ass focused on the what…,when.., how much
The where…, better damn well be real-time…., on the chart in front of yer nose
Else day trading is not for you (you in general JS…, not necessarily you specifically – though it could be)
I had..., nor have - no clue who found what - nor did..., or do - I ever concern myself with that uselessness
I stick my head up price's ass and follow it - like a beagle tracking a rabbit
The two "potential" signals that I see at about 1150 are a PB to a TL SHORT, or, TL breach B/O long. Am I right or wrong? I would also say since price was immediately rejected at 1130, and moderate volume indicates demand, that the signal to take would be long on the TL breach.
Actually there are several signals in this area – for both long…, and short
And we could spend days..., what..., and if-ing..., this area to death
And yeah…, I know I’m not answering your question directly – but it is true there are several signals both ways
Again – Slugar and I are working on/ through something
In the meantime – and for you
Pick 1 setup – master it – own it – trade it
Only way you can create your approach / methodology
Only way you can then move on and begin forging yourself into a trader
When you say low risk to find out, do you mean you are looking for a short now that there is a DT on the 1 m? Or, are you still looking long, because of the higher lows beneath the DT?
DT short
Place the stop just (and I mean just – as this trade will either work or fail) the other side of the horizontal line
Hence the; "back from where it came chart”
Then price went a little lower, but did not yet take out the 1150 pivot low.
Risked .02 cents to make .10 cents (least I think it was .10 cents)
I’ll take that R2R every day – and make a living with it
I don’t concern my self with pivot anything – price can do what it wants anytime is wants –
I am a reader…, and trader of - PA
Aside;
There is a lot (many layers) to reading PA which most are ignorant of
And yes – this is part of what Slugar and I are working on
I followed your charts. I'm just trying to understand what you're saying!
Specifically for you
Pick 1 setup – master it – own it – trade it
Only way you can create your approach / methodology
Only way you can then move on and begin to forging yourself into a trader
The crap Slugar and I are working on/ through will still be there when you’re ready
To appreciate how I trade - one must understand how I think - the same is dead nuts true for every trader - which is why trading is such a personal..., and intimate - endeavor (actually the most imo)
And why were you just watching? Is it because you already met your daily goal?
Why was I just watching….
To demonstrate patience
So I remained in sync with price and ready for Thursday
Because I was curious how the rest of the day was going to transpire
Because it relaxed me
Because I no longer wanted to put my capital at risk
Because I wanted to take home what I had made that day
And yeah – because I had made enough
Like I told Slugar that day…, sure I missed lot…, but I didn’t risk what I had made.., and kept every penny (fees and comish not withstanding – nor the flippin taxes soon upon us)
This career is all about consistency – and only through consistent action – are consistent results – born / achieved
Same with patience – to be patience – one must do that which requires patience
And great trading music. LOL
Yes..., but do you get why
There we stand – sometimes price allows us on board…, other times it passes us up / we miss the ride
Either way – we must be okay with it
And when we are aboard – we’re simply hitchin a ride to where ever it decides
Thanks RN,
Likely as not..., you probably don’t think I've answered your questions
But from a trader’s POV – truly I have
You are Welcome Sir
=======================
Slugar
Add/ modify - call me an idiot - as you see fit Sir – please
RN
You’d do well knowing…,
I am a dumbass redneck – first…, foremost…, always – to my core
I’m told to jump – I do so – then ask how high
I hold great value on this
No genius here
At 11:30 price made a lower low, and it was immediately rejected. Is that the eye candy?
The term eye candy was meant for Slugar – it something we’re working on / through
But to answer your question – yes
After the rejection, traders found value at that low price.
This is one thing that gets me about aspiring traders – always looking for the why / who
By the time you find this – it’s way too late…
For that matter usually – by the time you think it (which distracts one's focus / attention) then revert back to thinking about the actual PA.., the potential trade at hand
It is too late
Keep your ass focused on the what…,when.., how much
The where…, better damn well be real-time…., on the chart in front of yer nose
Else day trading is not for you (you in general JS…, not necessarily you specifically – though it could be)
I had..., nor have - no clue who found what - nor did..., or do - I ever concern myself with that uselessness
I stick my head up price's ass and follow it - like a beagle tracking a rabbit
The two "potential" signals that I see at about 1150 are a PB to a TL SHORT, or, TL breach B/O long. Am I right or wrong? I would also say since price was immediately rejected at 1130, and moderate volume indicates demand, that the signal to take would be long on the TL breach.
Actually there are several signals in this area – for both long…, and short
And we could spend days..., what..., and if-ing..., this area to death
And yeah…, I know I’m not answering your question directly – but it is true there are several signals both ways
Again – Slugar and I are working on/ through something
In the meantime – and for you
Pick 1 setup – master it – own it – trade it
Only way you can create your approach / methodology
Only way you can then move on and begin forging yourself into a trader
When you say low risk to find out, do you mean you are looking for a short now that there is a DT on the 1 m? Or, are you still looking long, because of the higher lows beneath the DT?
DT short
Place the stop just (and I mean just – as this trade will either work or fail) the other side of the horizontal line
Hence the; "back from where it came chart”
Then price went a little lower, but did not yet take out the 1150 pivot low.
Risked .02 cents to make .10 cents (least I think it was .10 cents)
I’ll take that R2R every day – and make a living with it
I don’t concern my self with pivot anything – price can do what it wants anytime is wants –
I am a reader…, and trader of - PA
Aside;
There is a lot (many layers) to reading PA which most are ignorant of
And yes – this is part of what Slugar and I are working on
I followed your charts. I'm just trying to understand what you're saying!
Specifically for you
Pick 1 setup – master it – own it – trade it
Only way you can create your approach / methodology
Only way you can then move on and begin to forging yourself into a trader
The crap Slugar and I are working on/ through will still be there when you’re ready
To appreciate how I trade - one must understand how I think - the same is dead nuts true for every trader - which is why trading is such a personal..., and intimate - endeavor (actually the most imo)
And why were you just watching? Is it because you already met your daily goal?
Why was I just watching….
To demonstrate patience
So I remained in sync with price and ready for Thursday
Because I was curious how the rest of the day was going to transpire
Because it relaxed me
Because I no longer wanted to put my capital at risk
Because I wanted to take home what I had made that day
And yeah – because I had made enough
Like I told Slugar that day…, sure I missed lot…, but I didn’t risk what I had made.., and kept every penny (fees and comish not withstanding – nor the flippin taxes soon upon us)
This career is all about consistency – and only through consistent action – are consistent results – born / achieved
Same with patience – to be patience – one must do that which requires patience
And great trading music. LOL
Yes..., but do you get why
There we stand – sometimes price allows us on board…, other times it passes us up / we miss the ride
Either way – we must be okay with it
And when we are aboard – we’re simply hitchin a ride to where ever it decides
Thanks RN,
Likely as not..., you probably don’t think I've answered your questions
But from a trader’s POV – truly I have
You are Welcome Sir
=======================
Slugar
Add/ modify - call me an idiot - as you see fit Sir – please
RN
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