Ok, starting a journal on my futures trades.
I see many journals on here saying "short here" "long here" with no explanation. And the few that have explanations, say "macd crossed here" and blah blah blah, which in my mind, is complete garbage.
Well im going to explain WHY im going long or shorting here.
My instrument of choice, /NQ (nasdaq futures)
Ill try to post my trades as quick as a get them in, but of course i have to monitor my positions closely to make sure price action is what im expecting.
I use a simple price action strategy, I use the 30min opening range and the close for the day.
I start on Monday marking up my charts and keep all lines on there until market close on Friday. I've found these price levels are critical throughout the whole week.
(example. todays bottom of 30min opening range was also Mondays close price. Price action formed a double bottom on this critical level and ran 30 points)
Starting capital:4500
I see many journals on here saying "short here" "long here" with no explanation. And the few that have explanations, say "macd crossed here" and blah blah blah, which in my mind, is complete garbage.
Well im going to explain WHY im going long or shorting here.
My instrument of choice, /NQ (nasdaq futures)
Ill try to post my trades as quick as a get them in, but of course i have to monitor my positions closely to make sure price action is what im expecting.
I use a simple price action strategy, I use the 30min opening range and the close for the day.
I start on Monday marking up my charts and keep all lines on there until market close on Friday. I've found these price levels are critical throughout the whole week.
(example. todays bottom of 30min opening range was also Mondays close price. Price action formed a double bottom on this critical level and ran 30 points)
Starting capital:4500
