NQ Price Action Journal

[niko]

We are currently in a grindy uptrend around the mean of the ascending TC from the 27th.

In the larger view context seems like this is a RET forming after the BO of the daily TC, but it can also be a return inside the TC, so gotta be ready for whatever price throws at us.

Yesterday, there was strong selling on the mean of the TC from the 3rd, lets see what happens around that level today as we seem to be going in that direction.

A failure to make a HH in the daily will be possibly indicative of buyers resolve, or lack of it.

 

[niko]

So they made a HH, it was foretold from the SLA entry at 00:00 , prices just skyrocketed at the open and bulls did not rest until they reach 40, (remember 40 from the last few weeks) isnt that way too cool.

A couple of mistakes today, mainly due to fear, fear to nothing as I was running a test not really trading so.... My bad.

I marked two entries that were not taken because of that fear but were spotted and marked. Well lets wait that is all the fear quota I have for the week.

Reentry file posted.

 

[niko]

Ok, this to the tick precision is kind of spooky . We just stopped at the top of the early march TC and broke the DL, so time to look for shorts. For those who have been reading this know where the important levels are, if not look at the horizontal lines.

 

[dbphoenix]

Ok, this to the tick precision is kind of spooky . We just stopped at the top of the early march TC and broke the DL, so time to look for shorts.

Not necessarily. We've been trading sideways since 2100. If we break through this, look for a long.

 

[niko]

Not necessarily. We've been trading sideways since 2100. If we break through this, look for a long.

You are right, my post got erased at first and that part was missing, if we break above 660 then we would be back in the longer term uptrend.

 

[niko]

Interesting day, SLA would have kept me out of trouble, but I am doing the scratch and reenter exercise so... 14 entries in total.

Well today I finished this exercise, now I have to review and come up with a conclusion.

 

[niko]

So we are still around the top of the hourly down TC and formed some sort of irregular congestion area, could be a hinge gone bad .

So far seems like 655 has been important for traders, last outpouring of Supply was at 68 and demand came in strong at 43.

Lets see if the decide to go either way or just remain inside the same limits today.

 

[green.green]

Niko are you trading the hourly or just applying SLA to an hourly chart?

 

[niko]

Niko are you trading the hourly or just applying SLA to an hourly chart?

I like to apply the SLA to the hourly premarket, it serves as a guide.

 

[niko]

I am currently performing Scratch-Reentry analysis over the 113 trades from the last month, so I dont think I will be uploading any more after market analysis for the rest of the week.

I hope by monday to have something actionable to apply to the plan.