My nq price action method

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

  1. Redneck

    Redneck

    A thought to begin each tomorrow

    Trading is a pay for performance occupation


    Each day;

    Show up – prepared
    Keep your head down – work your ass off
    Check your opinion..., and ego – at the door
    Be on your game – and 100% engaged
    Stick to the core of trading – come hell.., high water.., repeated losers
    Make thinking optional..., as it usually detrimental

    ============

    Conduct a gut check each morning…, and periodically throughout a session – to ensure this is

    When not…, go fishing / play golf / take up knitting…, possibly even basket weaving

    Just a little sumthin to ponder

    RN
     
    #371     Apr 20, 2014
  2. slugar

    slugar

    The prep work before the trading day starts is one area I will put alot of effort into in the coming weeks
     
    #372     Apr 21, 2014
  3. slugar

    slugar

    If you draw the trend line from 3740 and extend it through the high in 3/11 we are sitting right on the trend line so today could get interesting. with the mid point of the down move being 50 points below around 3500
     
    #373     Apr 22, 2014
  4. Redneck

    Redneck

    Would you mind posting a chart ?

    RN
     
    #374     Apr 22, 2014
  5. slugar

    slugar

    For some reason my computer at work won't let me upload the chart but I will from my pc this afternoon
     
    #375     Apr 22, 2014
  6. Redneck

    Redneck

    Slugar

    We discussed the volatility & S/R aspects of PA a bit – and can more if you wish

    How about we broach the MTF… and signal aspects

    Recall I trade off the 5

    15 the bias / S&R areas / interim bias

    1 min – fine tune


    How many signals can you identify on the 1 or 5 (see attachment)

    ========================

    Suppose we should spec out what some of the signals we’re looking for are

    Same Bar;

    Close below open = weakness / potential down move

    Close above open = strength / potential up move

    Close = open = indecision (when multiple O/C clumped together on adjacent bars.., these areas can act as S or R later on)

    Adjacent bars;

    Lower H’s (forming a down move TL)

    Higher L’s (forming an up move TL)

    DT / even triple tops

    DB / even triple bottoms

    Retests that failed

    Pullbacks (moves back to the TL – either ascending.., or as a range)

    Range BO – either up or down

    =====================

    As you do this – don’t make shit up… call out only what’s there / you can see

    Don’t assume / don’t form an opinion / don’t guess / don’t act as if you know

    Simply follow the bouncing ball – no more / no less

    Questions – ask

    Recall – more than one way to skin this cat….

    I’m sharing.., ultimately you’ll need to find your way – hopefully some of this helps you do that

    =============

    I've highlighted each 15 min bar - on the 1 & 5 TF charts....

    Which also means every 3 - 5 min bars - is highlighted on the 1 min chart as 15 bar increments

    Trying to make it easier to delineate between TFs - and intra bar PA


    RN
     
    #376     Apr 22, 2014
  7. slugar

    slugar

    on the 1 minute I see a lower high short at 955, a long on a higher low at 1030, another higher low at 1045 and 1115. plus they were all bounces off of trend lines
     
    #377     Apr 22, 2014
  8. slugar

    slugar

    here's the channel I've been using
     
    #378     Apr 22, 2014
  9. slugar

    slugar

    after today
     
    #379     Apr 22, 2014
  10. slugar

    slugar

    500 tick
     
    #380     Apr 22, 2014