Trading on "Instynct" (NQ)

Quote from Instynct:

Quick example of a wholesale entry. Market bounced off the VWAP and shot straight up to a high of 76.5 which is more than enough evidence for me that sellers gave up. I waited for price to pullback some and bought right into that pullback. Wholesale applies to all time frames provided that you enter at key prices. When you do it correctly, price will quickly shoot in your favor and lessen your risk. My risk there, 4 ticks. Obviously if you use a higher time, your stop size will increase accordingly, but your target is larger.
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I was thinking of this exactely when you entered your long from before, thanks for the explanation....I guess my issue is when do you decide its pulled back TOO much and sellers are now piling on again, or when its pulled back enough and its go time for the long.

Most likely its experience and feel i'm sure that determines that :)
 
Quote from inks2002:

I was thinking of this exactely when you entered your long from before, thanks for the explanation....I guess my issue is when do you decide its pulled back TOO much and sellers are now piling on again, or when its pulled back enough and its go time for the long.

Most likely its experience and feel i'm sure that determines that :)
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Sometimes I might use stops to enter on the break of hi/lo, but the majority of entries are wholesale is some form or fashion.
 
Quote from Instynct:

Market bounced off the VWAP
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price is always bouncing off something
the question to ask .. is that something always a constant
 
Quote from killthesunshine:

i completely agree... trying to focus on a trade and post it real-time here can be a real PIA at times. :)
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yea it sure can be a pain sometimes, but I have to maintain a level of credibility to this journal. Imagine if we had a bunch of people posting after the fact trades, it would defeat the purpose of this journal.
 
Quote from Instynct:

yea it sure can be a pain sometimes, but I have to maintain a level of credibility to this journal. Imagine if we had a bunch of people posting after the fact trades, it would defeat the purpose of this journal.
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Just curious do you trade anything else besides NQ?
 
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