My nq price action method

Fridays trades
1.long at support 3728.25 stop 3726.75 target 3737 last swing high.
2.higher low long at 3732.50 stop 3730.30.50 target last swing high 3737.
3.lower high short at 3737.75 stop 3740.75 target 3727 support.
4.lower high short at 3724 stop at 3726.25 target breach of up move trend line.
5.higher low long at 3722.50 stop 3719 target breach of up move trend line.
6.higher low long at 3727.25 stop 3725 target breach of up move trend line.
7.higher low long at 3726.50 stop 3724.25 target breach of up move trend line

 

Fridays trades


Trade 1.
long at support 3728.25
stop 3726.75
target 3737 last swing high.

Comment

Don’t see this on the chart – can’t comment

Entry –
Stop –
Target –

Trade 2.
higher low long at 3732.50
stop 3730.30.50
target last swing high 3737.

Comment

Entry – Solid
Stop – Solid
Target – Solid



Trade 3.
lower high short at 3737.75
stop 3740.75
target 3727 support.

Comment

A LH coming off a DT at that

Entry – Solid
Stop – which was just above the DT – Solid
Target – Solid


Trade 4.
lower high short at 3724
stop at 3726.25
target breach of up move trend line.

Comment

Another LH off a DT

Notice how the PB reached the zone.., but didn’t breach it – then resumed back down
(classic tactic to get the weak shorts out/ eager longs in - before really taking price down)

Entry – Solid
Stop – Solid

Target – A short.., where a breach of the UMTL the target – I call BS

Trade 5.
higher low long at 3722.50
stop 3719
target breach of up move trend line.

Comment

Notice how S turned to R

Entry – Solid
Stop – Solid
Target – Solid


Trade 6.
higher low long at 3727.25
stop 3725
target breach of up move trend line.

Comment

Also respecting the

Entry – Also respecting the R2S zone

Stop – possibly a little too tight – make it just the other side of the S2R zone

Target – Solid – but I think the UMTL drawn a little too loosely (should be at a more up angle)



Trade 7.
higher low long at 3726.50
stop 3724.25
target breach of up move trend line

Comment

UMTL drawn too loosely

Entry – Solid
Stop – Solid - this is also where trade 6’s stop should have been placed
Target – Solid


All in all – nicely done

RN

 

Mondays trades.
1. lower high short at 3737.75 stop 3739.75 target 3728 last swing low.
2.higher low long at 3719.50 stop 3716.75 target breach of up move trend line.
3. long on support at 3718 stop 3715.5 target breach of up move trend line

 

Mondays trades.

Trade 1.

lower high short at 3737.75
stop 3739.75
target 3728 last swing low.

Comment

Beautiful



Trade 2.

higher low long at 3719.50
stop 3716.75
target breach of up move trend line.

Comment

Don’t like entering in the middle of a zone – and never will

But it worked – Beautiful


Trade 3.
long on support at 3718
stop 3715.5
target breach of up move trend line

Comment

Beautiful

----------------------

Context is golden

RN

 

only 4 trades 1 scratch 1 small loss 1 small winner and 1 that ran for 15 pts. trading 2 contracts just over 30 points.
1st trade lower high short at 3720.75 stop 3723.50 breach of down move trend line. looking back should have exited for a small gain on the double bottom instead of a small loss on trend line break.

2.long on a higher low 3728.25 stop 3726.25 target breach of up move trend line. small loss
3.higher low long at support 3730.25 stop 3728 target breach of up move trend line. only decent trade of the day.
4.lower high short at 3747.25 stop 3749.50 target last swing low 3738. out at the breach of the down move trend line 3743.

 

only 4 trades 1 scratch 1 small loss 1 small winner and 1 that ran for 15 pts. trading 2 contracts just over 30 points.




General Comments

Where the first two UMTLs begin (I circled) – are off/ not on the candle's lows = granted the up angle would have remained basically unchanged though (details are important)

The last DMTL – where the second touch occurs – is off (see my 2 circles for where the touch occurs) = would resulted in more angled down DMTL

All other TLs look good

Zone looks good

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

1st trade
lower high short at 3720.75
stop 3723.50
breach of down move trend line.
looking back should have exited for a small gain on the double bottom instead of a small loss on trend line break.


Comment

Notice you’ve drawn 2 DMTls – that are fanned – fanning means the overall down move is waning

Also notice this is H123’s retrace to the TL signal (it occurred 3 times – and held each time)


Entry – I think the circle for the entry off - Good

Stop – Breach of the DMTL is fine – but the SL price should be 3722-ish

Target – I don’t see a target… or hao to manage – for this trade

Trade was good – just did not recognize the PA clues / queues – reflecting control was changing


Trade 2.
long on a higher low 3728.25
stop 3726.25
target breach of up move trend line. small loss

Comment

No matter how you slice it – this trade is solid – it simply did not work – just a part of trading

Entry – Good
Stop – Good
Target – Damn Good – small losses are the foundation to consistent trading




Trade 3.
higher low long at support 3730.25
stop 3728 target breach of up move trend line.

only decent trade of the day.

This is a bullshit statement – which I think you’re making it based on the trades that worked – which is dead wrong to do…


Any trade with a Small… or B/E loss – is a good trade – in fact a very solid trade


Comment

Entry – Solid - though support is the upper red line = ~ 3728.50

Stop – Solid (could also be a breach of the upper red line

Target – No target - How will you manage it / What’s the target




Trade 4.
lower high short at 3747.25
stop 3749.50
target last swing low 3738. out at the breach of the down move trend line 3743.


Comment

Entry – Solid
Stop – Solid
Target – Solid

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

Do not mistake solid (good/ decent/ whatever) trading - as trades that only work...

Solid trading includes winning trades.. AND..., Small / B/E trades

RN

 

RN

 

Thanks RN. I only had 3 trades today because of the congestion until later in the day.
Triple top short at 3788.75 stop 3791.50 target last swing low 3783.
2. lower high short at 3791.25 stop 3793.75 target 3787 the mid point of the range.
3.long on a higher low 3789 stop 3786.75 target 3794 last swing high. I have added 1 chart to show my entry per request.

 

Good job seeing the day for what is was..., and remaining patient throughout

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

Overall the context is solid – though the beginning of the last UMTL is a bit off

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

Trade 1
Triple top short at 3788.75
stop 3791.50
target last swing low 3783.

Comment

Not sure where this trade occurred (can’t find the circle) – so no comment



Trade 2.
lower high short at 3791.25
stop 3793.75
target 3787 the mid point of the range.

Comment

This trade took heat a couple of different times – even breached the DMTL (I circled it - first attachment) – which turned out to be a FBO

What kept you in it

Note;

Don’t think I’m suggesting this a bad trade…, or possibly a poorly managed trade – I’m not

There is actually solid management here – and I simply want to ensure you are aware of it




Trade 3.
long on a higher low 3789
stop 3786.75
target 3794 last swing high.
I have added 1 chart to show my entry per request.

Comment

Stop and target are good…, I must however..., question the entry

Previous PA did not support a long

Bar.., just previous to the entry bar – put in a LL / breached the zone’s mid point

The entry bar – had as much down pressure as up

This trade worked is all I can say

RN

 

the reason I took a long on the last trade is because we were at support and the bottom of the range and with my target at the last swing high I thought it was a good trade