Trading on "Instynct" (NQ)

Quote from Instynct:

Bmw you shorted almost exactly the same time I did. Do you see the difference between those kinds of entries and the ones where you use stop orders on breaks of arbitrary price bars or prev pivots?
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My 47.5 Short earlier cost me for this reason.. See attached.. I have always wondered which is safer over time?? Shorting the level itself (not sure if that is what you do) "seems" safer due to small stop but frequent stop outs??
 

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Quote from Rashid_G.:

My 47.5 Short earlier cost me for this reason.. See attached.. I have always wondered which is safer over time?? Shorting the level itself (not sure if that is what you do) "seems" safer due to small stop but frequent stop outs??
More...


Rashid,

I'm still trying to get to consistent profitability so this is my opinion only.

I like both entries but i'm trying to take more of the first one on your chart. Using a lower time frame as price pullsback to resistance to look for signs that price is slowing or rejecting the resistance levels can give entry signals. The stop outs are not any more frequent i'm finding. The other entry is possibly before your second when price broke out and stalled. It tried to go higher several times and couldn't, look to short . (I was actually long prior to that little break out and failed to recognize the price stall for what it was)

GL
 
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