Price Action - NQ

You telling a beautiful story of the past, describing it in detail. However, you missing the variable of prediction. You half way there assuming you can analyze the past in fast timeframes, fast enough.

As it stands, there is no edge, but there could be, if you dig deeper, deeper than what DB has posted in the boards.
 
Scaleout.Scalper said:
You telling a beautiful story of the past, describing it in detail. However, you missing the variable of prediction. You half way there assuming you can analyze the past in fast timeframes, fast enough.

As it stands, there is no edge, but there could be, if you dig deeper, deeper than what DB has posted in the boards.
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If you were to take the time to understand the process, you'd know that it entails studying old charts in order to form hypotheses to be tested both backwards and forwards eventually working toward simtrading and real-time trading. Some people pick it up quickly; some not so quickly. Since he is at least trying to understand behavioral dynamics rather than jump in like most and trade via Guess And Hope, I suggest you leave him alone and let him do it.
 
dbphoenix said:
If you were to take the time to understand the process, you'd know that it entails studying old charts in order to form hypotheses to be tested both backwards and forwards eventually working toward simtrading and real-time trading. Some people pick it up quickly; some not so quickly. Since he is at least trying to understand behavioral dynamics rather than jump in like most and trade via Guess And Hope, I suggest you leave him alone and let him do it.
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Your work is incomplete, as it is presented offers no substantial edge to make it in this business.
 
Scaleout.Scalper said:
Your work is incomplete, as it is presented offers no substantial edge to make it in this business.
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Since you have no idea what the work is, you have no way of knowing whether it is complete or not, much less whether or not it provides an "edge".

In any case, you're not lajax' mother.
 
dbphoenix said:
Since you have no idea what the work is, you have no way of knowing whether it is complete or not, much less whether or not it provides an "edge".

In any case, you're not lajax' mother.
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As I said, incomplete, but hey, fooling others seems to arouse you, have a ball !
 
Future would-be pests can always look at the chart I posted to my journal this morning before the open showing the range I was going to be working today.

At 1055, price reversed off the bottom of this range and rose 30pts before making a U-turn and dropping 28. Not a bad day.
 
dbphoenix said:
Future would-be pests can always look at the chart I posted to my journal this morning before the open showing the range I was going to be working today.

At 1055, price reversed off the bottom of this range and rose 30pts before making a U-turn and dropping 28. Not a bad day.
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So you can spot potential support and resistance, and today they both held, congrats, you want a little star? Because daytrading is a whole lot more than that. Hence, my adjective of incomplete.
 
lajax said:
If you have any comment that is not related with my journal, please do it in your own thread

Only constructive comments are welcome
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This is my last post here.

Dont be gullible, find out how many disciples are killing it with his incomplete techniques, demand proof before you waste your time, use common sense.

In this business every mentor is guilty until proven innocent.

You on your own now.
 
Last edited:
January 22th

Premarket (1hr)

NQ 03-14 (60 Min) 22_01_2014.png


1m (part1)

NQ 03-14 (1 Min) 22_01_2014 part1.png


1m (part2)

NQ 03-14 (1 Min) 22_01_2014 part2.png
 
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