RnR, have you been trading NQ long? I ask because you implied your not sure your strategy will be successful. Will you make any changes for Monday's trading? Instynct, way to rack em up! have a great weekend all!
Recap 10.29.2010 No improvement from yesterday, in fact did much worse. I can see that some of my trades were in the right direction... but my bad entry areas left me open for stopouts on the shakouts. Need to focus on entering at key areas such as at T/L's and key supp/resistance areas. I also understand today was a range bound day, so trends not working for long. Looking forward to improving!
Not sure what you think of as "trading NQ long," but I have been trading it on and off for the last two years. My strategy is geared towards trendy days, and I am trying to implement some rules to indentify range bound days and switch the strategy on those days (such as today). Obvioulsy, it still needs a lot of work. I don't plan on making any changes for Monday. I would like to spend a few weeks using the same strategy before making serious changes. Hope that answers your questions.