Huyang We must remain mindful - this is Slugar's Journal.., and Journey btw.., I don't trade futures - rather I'm a stocktard RN
RN: It was very kind of you to remind me. I will definitely be mindful about that this is Slugar's journal. I mentioned learning to trade NQ implicitly indicating my questions will be directly related to Slugar's journal because Slugar trades NQ too. Reading carefully the detailed response from you and other traders regarding Slugar's trades would have already answered many of my questions. I will try not to ask you more than 3 questions. PA trading in essence is similar for all different kinds of markets, as far as i think. Thanks.
Callin it a day Monday was a bitch - today - not so much... good idea to reward yourself when you can Slugar I'm going to repost your chart from yesterday and highlight something back in a few RN
This goes back to the statement I made about S&R⦠And how S&R work the same... and how they are labeled based on their relation to price =============================== I noted 3 areas â with a purple lines and circles â where R flipped and became S When trading â I donât mark these areas (makes the chart too cluttered) â but I do see emâ¦, note em in my head⦠and play (trade) off em when they are in play Iow â I use these realtimeâ¦, as another confirmation data point (always searching for the clues and queues) RN
Just missed a good size DM Doesn't matter - I called it a day Point is; Learn to separate & let go - relax - there will always be another trade waiting in the wings Too often we try to make things happen - makes for stressful trading - and costly mistakes RN
Which ones Sir DT - double Top TT - triple Top DM - down move (I trade moves... not trend - which is not to say I ignore the trend - ever) UP - up move UMTL - up move trend line DB - double bottom DMTL - down move trend line TB - triple bottom S&R - we all know BO - break out BOD - break out down BOU - break out up Zone - range Any others?? btw - I sometime use the term TL - for diagonal or horizontal lines - they do / serve/ represent essentially the same things RN
LH - lower high HL - higher low RBOD - range break out down RBOU - range break out up SL - stop loss UMTLS - up move trend line stop (breach of the TL) wtfaid / wtfait - what the F am i doing / what the F am i thinking RN