Trading on "Instynct" (NQ)

Quote from jackson222:

why you betting long here? the trend is short right now. we sold off hard from the open and presently under the YHOD.
More...

Had 85-86 as solid support and just working the dips to long side. If we trade below that I'll look for shorts.
 
Quote from Instynct:

Had 85-86 as solid support and just working the dips to long side. If we trade below that I'll look for shorts.
More...

i see that. But isn't YHOD solid resistance? why work dips to long side, but not peaks to short side in a down trend??
 
It looks like aapl might trade back down to 377. I was watching Fast money yesterday and one of the guys was saying to just buy at the open... what an idiot.
 
Quote from jackson222:

i see that. But isn't YHOD solid resistance? why work dips to long side, but not peaks to short side in a down trend??
More...

Well if I was just looking at the intraday chart then I might be in the short camp, but I put more weight on the 60min and daily chart.
 
Quote from Instynct:

Well if I was just looking at the intraday chart then I might be in the short camp, but I put more weight on the 60min and daily chart.
More...

YHOD is not depicted on your daily chart??

From the open to 10:30am is a huge 60 min red bar. Yet you fade it?

Trying to scalp a couple points off daily charts is doomed to failure, imo.
 
Quote from jackson222:

YHOD is not depicted on your daily chart??

From the open to 10:30am is a huge 60 min red bar. Yet you fade it?

Trying to scalp a couple points off daily charts is doomed to failure, imo.
More...

Yea if I scalped for a few points off the daily charts I'd be dead. But I actually trade off the intraday and fast charts. I use intraday, 60 min, and daily charts for areas of S/R as well as the market's bias. But I put more weight on the larger time frames. And yes I do use prev HOD/LOD on my intraday charts, but I do not pay much attention to individual bars or candlesticks.
 
You must log in or register to reply here.
Back
Top