My nq price action method

Discussion in 'Journals' started by slugar, Sep 1, 2013.

  1. Handle123

    Handle123

    I actually have this automated and works well enough on 18 markets. I have found through backtesting you have defined pivot strength, where to start trendline drawing to next defined pivot. Strength of pivot is how many lower highs to the left and right of highest high in so many months then finding where you can start to draw to as your second pivot, I tested for a defined number of bars before I can draw to second pivot, reason for this, too few would show too steep of a trendline and offered too many losses. I never draw trendlines thru bars, not saying shouldn't be done, but backtesting I wanted to have better defined rules.

    Method does me well, and also on intraday methods great places to exit trend trades.
     
    #91     Sep 16, 2013
    JefeTrader likes this.
  2. slugar

    slugar

    Volume seems to be lower on every retracement and the supply line is never broken on the 2 minute
     
    #92     Sep 16, 2013
  3. slugar

    slugar

     
    #93     Sep 16, 2013
  4. slugar

    slugar

    I believe there are only 2 areas to be concerned with are where the most trades have taken place. Is that correct db?
     
    #94     Sep 16, 2013
  5. dbphoenix

    dbphoenix

    Depends on your objectives. Where do the largest number of trades take place?
     
    #95     Sep 17, 2013
  6. slugar

    slugar

    on the ndx daily 2970-3000 and 3110-3146
     
    #96     Sep 17, 2013
  7. dbphoenix

    dbphoenix

    What I meant was where do the largest number of trades take place on any chart?
     
    #97     Sep 17, 2013
  8. slugar

    slugar

    At support and resistance and since the bias has been up one can assume the big players were accumulating shares at these levels.
     
    #98     Sep 17, 2013
  9. dbphoenix

    dbphoenix

    If by "support and resistance" you mean the limits of a trading range, that is where the least number of shares are traded.
     
    #99     Sep 17, 2013
  10. slugar

    slugar

    I was acually refering to the zones that I gave!
     
    #100     Sep 17, 2013