My nq price action method

No worries – likely I incorrectly “T’d -up” my comments

I was trying to point out the supporting PA.., and that there wasn’t much of it

(PB to support (50% level of the zone).., and a HL made by a bar that was essentially a doji (indecision) )

That’s all.., not judging the actual trade


Hell I’ve traded on little more than a penny separation between the lows (or highs) of adjacent bars - and will again..., every time I think it appropriate



RN

 

pretty slow and choppy today, seems to be the theme lately! only 3 trades.
1.lower high short at 3797.25 stop 3797.25 target 3787 swing low.
2.higher low long at 3794 stop 3791.25 target 3799 last swing high.
3.higher low long at 3793.75 stop 3790.75 target 3800.50 last swing high

 

Lines look solid

Here’s a test – where’s the horizontal zone

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


Trade 1.
lower high short at 3797.25
stop 3797.25
target 3787 swing low.

Comment

Wow – zero risk trade – you’re good… or was this a test to see if I’m paying attention


Trade 2.
higher low long at 3794
stop 3791.25
target 3799 last swing high.

Comment

Why did you place the stop where you did???

The second point for the UMTL had not yet been made – so I would think a breach of the swing low

Wait….I think I see…, the SL line…, and SL price – are not matching (see pink line/ price – though I drew it crooked)


Trade 3.
higher low long at 3793.75
stop 3790.75
target 3800.50 last swing high

Comment

Same question for this one – why place the stop where you did – instead of either green line I drew

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

All trade are well done !!!

RN

 

some good trades today if you were patient after the 1st good long.
1.higher low long at 3786.50 stop 3784.25 1 tick below the entry bar target 3800 last swing high.
2.higher low long 3795.25 stop 3793.50 target 3800 last swing high
3.short at resistance 3799 stop 3801.50 1 tick above entry bar target 3793 last swing low. stopped out break even
4.short at resistance 3799 stop 3801.25 1 tick above entry bar target 3793 swing low. best trade of the day out at 3786.25 break of down move trend line.
5.higher low long 3786.50 stop 3784.50 target 3793 bottom of earlier range.

 

I really like your charts and the descriptions.
In my attached charts, would any of the arrows be trades that you might have taken?

Gabe

 

all of the arrows look like legit spots but I was already in the market At the time so I didn't consider these

 

Patience
Objective
Proper context
Planned each trade out
Traded each plan
Kept risk small for each


All the makings of a trader



RN

 

Sorry if you've aleady answered this, Slugar.

When you post these charts each day with the circles marking entries:
Are these trades that you took in real time that day? (either in demo or live account)

You seem to catch all near perfect entries each day with price never going against you at all.

I'm not sure if I'm looking at the best trader i've ever seen, or if i've missed something and it's more of a research/eduactional experiment - marking up charts where you see potential entries with the benefit of hindsight.

Thanks. Good luck. Interesting journal either way.

 

most of the trades are trades that my system would allow me to take, i'm only live on wednesdays for now and if it were this easy i would be making a killing but it's mostly for my future goals

 

In this business - everything resembling easy - ain't

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Trade well today Slugar

RN