Trading on "Instynct" (NQ)

[Rashid_G.]

Good Morning... yaaawn..

 

[Instynct]

Quick poll... Were you guys long or short bias at the opening bell?

 

[bmwhendrix]

neither

 

[Instynct]

Quote from bmwhendrix:

neither

Ok so neutral (I should've added that to the poll). Care to explain your reasoning when you get a chance? I will do the same.

 

[bmwhendrix]

38 level seemed to hold as a support and then it ran up to the 83 pivot from Friday and it seemed to hold. So I was expecting movement between the 2, especially given the situation in the middle east with Ghadaffi. So I was looking for signals either way.

 

[jimbo555]

figured we'd sell off at open reason the big ugly hole in charts from gap up needs filled

 

[Rashid_G.]

Quote from Instynct:

Quick poll... Were you guys long or short bias at the opening bell?

You know those charts I posted.. You could sense a long bias coming right?? Well, I got a short signal 15 minutes in and I interpreted it as I will ignore it and wait to get long... Sooooo I have been going long ever since.. 30 point drop since that signal..

I am an enigma.

 

[Instynct]

I was neutral at open for the most part but agree with the gap. In my opinion upside gaps within a larger down market structure (60min chart) has a high tendency to close or at least attempt to close. Vice versa for down gaps. But price opened above key level for me so I took a couple of long scalps with very tight management at the open.

 

[jimbo555]

Quote from Rashid_G.:

You know those charts I posted.. You could sense a long bias coming right?? Well, I got a short signal 15 minutes in and I interpreted it as I will ignore it and wait to get long... Sooooo I have been going long ever since.. 30 point drop since that signal..

I am an enigma.

You don't trust your signal which ironically you created. You outsmart yourself

 

[jimbo555]

L 45.75