My nq price action method

Not until the UMTL was breached

Price is in a PB

RN

 

Thank you.
How about these 2.
Would you go short and if yes, where?

Thanks

Gabe

 

First - I just posted

Second - trade it the way Slugar did 2 days ago



RN

 

Me too.
I don't see much difference between the 2.
How can I get a handle on this aspect?

Gabe

 

Learn to read price.., and then to draw proper context based on same

See attached - there is a great difference between the two


Admittedly my TLs aren't the straightest - but what can you expect from cheap help - joking


RN

 

I drew some TL's.
You said that in the 1st chart you would wait for a TL break and the 2nd you would trade like slugar.
Why wouldn't you wait for a TL break in the 2nd case as well?
You said in relation to slugar's chart that we have a DT.
Don't we have a DT in the 1st chart also?

Gabe

 

Looking at PA from afar – it easy to see conflicting signals – even no signals

Only after digging into it (PA) – do the nuances become evident


I said those 2 charts are totally different – and they are – even your TLs reflect that – you..., evidently..., can’t see the differences



You started this by asking about finding a short – to which I responded

Not until the UMTL was breached…

The PA is/ was there to support my response (none of your TLs support otherwise)


Slugar shorted the trade he shorted…

The PA is/ was there to support that short (your middle TL also supports this - he caught the breach of it )


I dare say all valid trades will have more than 1 signal accompanying them (momentum trades notwithstanding - they are a different animal)

Just a matter of picking your poison


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

Not sure what else to add - other than;

One must create a method..., stick to it... make it their own (which is why I'm not wasting time by second guessing Slugar's trades / suggesting other trades.. or even other signals) eta - I do look for supporting PA to back up each of his trades - and will continue to do so


We use stops for the trades that don't perform

RN

 

And to answer your questions specifically

Not how Slugar traded it

There are a few DTs… along with LHs.., HLs..., DB / triple bottoms & quad bottoms

There is also a range


RN

 

Thanks for the answers RN.
Probably b/c of Autistic tendencies I see things in a more B&W way but would I be correct interpreting what you said by assuming that there would be several ways of entering a trade in an area and not all trades will be exactly at the same place b/c of slightly different rules/reasons and there isn't in fact a CORRECT way?

Gabe

 

There is absolutely a correct way - Your Way...., the way you create..., you hone..., you become proficient with..., you trust..., you know inside and out

While accepting - there will be losing trades & our primary job is to keep each one of em small

btw..., whatever way we create - we then must be consistent with it (no exceptions here)


RN