Trading on "Instynct" (NQ)

[Rashid_G.]

False breakouts are really something... It is as if the Pros looked at every T/A rule out there and intend to break every one.. learning to bore myself to death..

Probably a decent short here but..

 

[bmwhendrix]

Quote from bmwhendrix:

l 23.75

Out 26

 

[Rashid_G.]

Instynct... I will add back a 400tick chart to the 5 min. There are times when the additional info is quite useful.. This Morning's 10:35 break barely visible to the naked eye on the 5 min. is VERY clear on the 400..

 

[Rashid_G.]

Quote from bmwhendrix:

Out 26

You could have sold at 31 you know... was soooo clear...

 

[jackson222]

Long 2427.25

Target 2435

 

[bmwhendrix]

Yep, that hit on 31 would have been a good exit. I was holding for a break of 34 and trailing stop.

 

[Instynct]

Quote from Rashid_G.:

Instynct... I will add back a 400tick chart to the 5 min. There are times when the additional info is quite useful.. This Morning's 10:35 break barely visible to the naked eye on the 5 min. is VERY clear on the 400..

The reason I bought before that Trendline breakout (on your chart) is because at that moment, if you look at the overall price structure by zooming out, and then look at the 60 min and daily chart, there's nothing bearish about it. Then look at what ES did at it's Prev LOD, dipped below it then pulled right back up. That's price discovery at work and buyers stepped up when the selling was done. That's enough evidence for me enter long at where I did.

 

[Rashid_G.]

Quote from jackson222:

Long 2427.25

Target 2435

Textbook.. please share the winnings..

 

[Rashid_G.]

Quote from bmwhendrix:

Yep, that hit on 31 would have been a good exit. I was holding for a break of 34 and trailing stop.

I was teasing... what did I do? Trigger finger broken or something..

Maybe stop should have been under lunch time low?? Been there done that though.. Set stop and think you can out-smart your stop..

 

[Rashid_G.]

L 34