Price Action - NQ III
- Thread starter lajax
- Start date
A TR is defined; therefore no trades until the price BO and RET the UL or LL of the TR
I suppose you refer to these two (?)
If you have no problem to indicate the entries; I appreciate it thanks
A TR is defined; therefore no trades until the price BO and RET the UL or LL of the TR
I suppose you refer to these two (?)
View attachment 151614
If you have no problem to indicate the entries; I appreciate it thanks
I think Gringo is giving you a pop quiz.
I think Gringo is giving you a pop quiz.
It was to let you know you're not alone. Your entries based on TR were fine. After the duality (sounds so much cooler) you chose to wait for BO.
He's not caught on the wrong side for large losses. That itself is something pretty amazing. With time the rhythm becomes easier to judge. After @fortydraws he's the one who has not faltered much. The future is looking promising.
Lajax,
I notice you take trend trades inside the range of lowest low/highest high bar of swing, I avoid those as too often for me they are losers. Often times big bars are indicating end of trends and will often have Secondary bars that fail to continue trend to go other way. Many that only do Price Action don't study enough Price Action of individual bars in relationship of overall trend and swing.
The short you made around 9:14, for one, if retracement bar not deep enough, often times not enough profit as price is trying to get to lowest low and couple ticks, plus difference between pivot lows is showing it is about to reverse, continue of trend should rip on down through the lows. Those lows are making like triple lows. Triple top at 9:10 to short. Triple bottom 9:50.
Wow, you look at all those charts? I like using 60 minutes, but to me sometimes too much is too much.
I notice you take trend trades inside the range of lowest low/highest high bar of swing, I avoid those as too often for me they are losers. Often times big bars are indicating end of trends and will often have Secondary bars that fail to continue trend to go other way. Many that only do Price Action don't study enough Price Action of individual bars in relationship of overall trend and swing.
The short you made around 9:14, for one, if retracement bar not deep enough, often times not enough profit as price is trying to get to lowest low and couple ticks, plus difference between pivot lows is showing it is about to reverse, continue of trend should rip on down through the lows. Those lows are making like triple lows. Triple top at 9:10 to short. Triple bottom 9:50.
Wow, you look at all those charts? I like using 60 minutes, but to me sometimes too much is too much.