My nq price action method

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

  1. No, im just making an observation as it is starting to trade below 50 ma, I dont guess I just follow the general trend
     
    #171     Sep 23, 2013
  2. slugar

    slugar

    That is what I was doing when I gave the areas I would look at to make trading decisions, as db says you have to have a plan before the market opens and watch what price does at those areas and then make your decisions>
     
    #172     Sep 23, 2013
  3. What is your plan?
     
    #173     Sep 23, 2013
  4. The problem is your areas are subjective and so is your decision making at the time of trade
     
    #174     Sep 23, 2013
  5. slugar

    slugar

    Not sure how you can tell my trades are subjective since you don't know what trades I
    I've made or what my system consist of and from what I've learned so far nothing is 100% so of course some of the trades and support and resistance lines are subjective!
     
    #175     Sep 23, 2013
  6. So its mechanical then?
     
    #176     Sep 23, 2013
  7. slugar

    slugar

    no it's based on price action only but depending on the lenght of the move I would not take every trade. If your interested I would be happy to share some of the details but most of it can be found when I post in my journal at night and circle the best trades of the day.
     
    #177     Sep 23, 2013
  8. slugar

    slugar

    the best thing I've learned is that nothing is 100% and it's ok to take a loss but I need to take the best set ups within my system and I have a target for my 1st contract and i let my 2nd contract go until I get a signal to close it .
     
    #178     Sep 23, 2013
  9. Oh, ok, which ones your journal?
     
    #179     Sep 23, 2013
  10. Oh sorry this is it lol
     
    #180     Sep 23, 2013