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Trading on "Instynct" (NQ)
- Thread starter Instynct
- Start date
Quote from Instynct:
Readers of this journal,
Look at what the market did between 8:40 and 9:10 PST.. I'm not trying to boast at all, but this shit is almost unreal how perfect the setup worked this time. Most times it is not perfect, as is the market as a whole, and you have to rely on your discretion and trading experience as to when to enter.
This is last time I will bring up this subject, I'm just amazed at this market.
** Edit: This might even be an all out short covering stampede if we can break above VWAP
how long have you been following this set up and is it a fairly consistant play ?
Quote from PACMAN1:
I saw it on page 224 is that correct instinct ?
Page 220 and 224. Yes the idea or concept itself is solid, but like everything else in trading you have to rely on your experience to find the best entry.
This is looking more and more like a massive short covering in the works. ES is trading above VWAP already and is knocking on Previous LOD. NQ trading just below VWAP as I type... Lets see what happens.
i enter orders on my chart which is 1000 volume. i like to have the 20 ema on it and when a bar is at the 20 if its a strong or weak bar i enter right below or above that bar in the direction of the trend. it works way more than it fails. i also keep the 5 min chart up to see targets and because it is the chart most traders use and i want to see what they see.