you got caught in the bear trap
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Trading on "Instynct" (NQ)
- Thread starter Instynct
- Start date
you got caught in the bear trap
S 64.25
out 66.25. -2 sell stop at 65 for a bit.
Quote from bmwhendrix:
out 66.25. -2 sell stop at 65 for a bit.
BMW,
Both NQ and ES are trading above Previous HOD, better off picking tops and selling into buying at highs for a scalp back to support, or wait for both to flip below previous HOD for a larger move lower.. Just a thought
Edit, the reason i say this is because I notice you wait for price to sell off several points before entering short, meanwhile price is above Prev HOD
S 65.75
Thanks Instynct, good points.
The play I am trying to make is off off Monday's high. We hit it, then penetrated and had no follow through. Not looking too good right now though.
Quote from bmwhendrix:
The play I am trying to make is off off Monday's high. We hit it, then penetrated and had no follow through. Not looking too good right now though.
Me too, I see sellers at monday's high firing off everytime we get up there. But if you agree with me that Previous HOD is a critical level, how can we predict that it will break below it before it actually does?
All I know to do is to trail a stop if it breaks from here and give it a chance to break yesterday hod. Still it could pop to new highs.