My nq price action method

I am planning on running test to see the results from both ways of exiting

 

Another option would be taking 1 contract off on the break and using the lsh or swing low for the 2nd

 

Yup - more than one way to skin this ole cat - huh

No right way... or wrong way - only your way (as it is for every trader)

RN

 

so today in my quest to be more disciplined I only took 3 trades, I was break even after 2 trades and each time the nq would reach 3610-13 I saw resistance and more volume so the last trade I decided to let it run until it tested another volume area at 3598 and thought if it could get below 3598 it would test 93. my 1st trade was a short on a lower high at 3609.50 stop at 3612.75 and target of last swing low of 3598. 2. long on a higher low at 3600.75 stop 3598.350 and target of 3608.25 the last swing high. last trade was a short on a lower high at 3605.75 stop 3609 target 3600.

 

Readin and Rollin..., Tradin PA

Very Sweet



Back in a bit

RN

 

General Comments

TLs look good

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

1st trade
short on a lower high at 3609.50
stop at 3612.75
target of last swing low of 3598.

Comment

Entry – Good

Stop – Little generous

Target – Once price went sideways @ ~3700 – then dropped to 3603… then back up to ~3700 (in the first half of the chop range I marked in pink) I would have exited
PA was showing strength – which then did peter out quickly (but we didn’t know it would until later) (see strength comment on chart)

Trade 2.
long on a higher low at 3600.75
stop 3598.350
target of 3608.25 the last swing high.

Comment

Risky trade – going long into chop.., and weakness (see weakness comments on chart)

Entry – It worked

Stop – Good

Target – Too optimistic given the chop


Last trade
short on a lower high at 3605.75
stop 3609
target 3600.

Comment

Entry – Good (though I’d be leery of the chop range)

Stop - Good

Target – Excellent (notice – price PB to the small zone (I highlighted) – but no further
Potential DT short w/ a very tight stop – and price had been going down

Or like you did – let it run




Overall - Good Job Sir

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

Aside;

From the outside - trading PA looks easy.... when you actually are - must keep an eye on / be watching - every thing :eek:

It will get easier with time

RN

 

How these entries?

 

Not sure if you’re posing this to Slugar… me.., or both


In short;

I see the set up you’ve shared in all entries (though some are markedly cleaner than others)

However..,

The longs do not make sense to me – given the PA preceding them.., and unclear signal of each

The shorts do make sense - although the signals on the 2nd / 3rd short are not real clean - the preceding PA does support them

I also think you're more of a scalper – where (and we’ve never really discussed it) – Slugar is targeting the meat of moves (swings)

???

RN

 

I'm a day trader and will take what the market has to offer! I am thinking of a plan that calls for smaller targets between 11:30 and 1:30 cst because to me the moves are more choppy during these times.

 

Called Lunch

Whenever volume goes away (Big Boys) - PA does get choppy - no one left but the we little people..., and bots to bounce price back and forth

RN