Trading on "Instynct" (NQ)

Quote from Instynct:

My sentiments can change constantly as the market unfolds, so for the most part I don't want to post all kinds of viewpoints that are constantly at odds with each other. Plus it can affect my ability to processing the market with an open mind.

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I talk to myself all day long making an argument each way..so this is therapy for me. But that's fine that your a bit more "reserved" or succinct. Whatever works.. for you :)

what i really want is someone to confirm my ramblings or make make a coulterpoint...let's throw ideas and insight around a bit. (ps not asking anyone to give up their bread & butter plays just general market talk as it plays out ) :)
 
Quote from inks2002:

I currently see no reason why we wouldn't test the 1224 on the ES and 2200 on the NQ.

I am a big believer in market balance areas and excess to determine the start and end of trends. Currently we just broke out of the 1170-1200 balance area on the ES with high volume and a large gap to prove excess (11/30 to 12/1 opening gap), I really see a test of 1224 and possibly higher for the rest of the year. I tend not to trade the ES and use the NQ as my main trading instrument now. I have for a while traded the euro, but without much success. I traded stocks for a while and did pretty good but nothing to brag about. Just trying something new with the NQ now.

My trade yesterday to short the balance area high of 1200 was obviously wrong. Should have realized that large gap of excess and a bounce off the balance low of 1170 on the ES was setting all markets to rocket forward.

I would love to be a longer term swing trader as I am really not that good at day trading but account size really limits me to this. I would have to employ larger stops and that just is too much mentally and financially for me now ha.

I may make up to 3 trades a day or as little as one a week, just depends when I can get away from work. But I am always here listening and learning so keep up the great work on this journal!
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i called for 1223 today we didn't see it (we did see 1222) but the point is I knew we were going higher at the time. And thats all needed to make $.

Isn't day trading a bit like swingtrading but your stops are smaller?
 
Quote from killthesunshine:

I talk to myself all day long making an argument each way..so this is therapy for me. But that's fine that your a bit more "reserved" or succinct. Whatever works.. for you :)

what i really want is someone to confirm my ramblings or make make a coulterpoint...let's throw ideas and insight around a bit. (ps not asking anyone to give up their bread & butter plays just general market talk as it plays out ) :)
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I get what you mean and thats great that you are flexible enough to with your mentality.

But for me, thoughts run through my mind all day long, and I don't want to dwell on any one thought unless there is a strong reason to. If I post my thoughts publicly they have a more permanent effect and I will likely cling on to those thoughts longer than I need to.

Overtime I bet that my real time calls will speak more about how I think then my random thoughts posted publicly.

Have a great day and thanks to everyone that took the time to post.
 
Quote from luckylucy:

yeah, you got me there...
:(
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hey, goes with the territory. the key is to identify these days and adjust strategy accordingly. can't be a one trick pony./..

i ended in red today...i was last to figure today out..no big deal..a rare down day for me nut no biggie :)
 
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