My nq price action method

Discussion in 'Journals' started by slugar, Sep 1, 2013.

  1. slugar

    slugar

    I will be watching 4024 and 4011 for support and 4044 and 4055-60 for resistance
     
    #841     Oct 1, 2014
  2. slugar

    slugar

    I should be happy with today but I left a lot of points on the table with as good as the market was trending, still trying to catch too many small moves . ended up +30 points. chart to come after I pick up my daughter from school
     
    #842     Oct 1, 2014
  3. Redneck

    Redneck


    The skill you're describing takes time to develop - and even then its never completely idiot proof (and the losses significant)


    1.) We never know its a trending day till afterward

    2.) A strategy that keeps one in on a trending day - will decimate one's account on ranging / volatile / reversal days (swing traders can afford to "sit through some this"..., we simply cannot tolerate any of it)

    3.) Any move that goes against us - could be the one

    4.) Become okay with missing while waiting on the next signal



    I missed a lot today just sitting and watching - but then..., I also made enough


    And for Christ sake quit hind-sighting


    Yes..., You should be happy dammit..., so long as you followed each trade plan

    :)

    RN
     
    #843     Oct 1, 2014
  4. slugar

    slugar

    HERE IS THE CHART WITH THE TRADES I TOOK
     
    #844     Oct 1, 2014
  5. Redneck

    Redneck

    Looked at the chart

    Your only job right now..., is to learn to be a trader - definitely not to piss money away..., and not to be hugely profitable


    Simply a trader... doing day in... and day out - the routine of following each plan..., the routine of grinding it out... the routine of patiently waiting on your signals....the routine of singles..., sometimes maybe a double

    And of course..., the routine of managing (controlling) each loser


    wax on..., wax off

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

    You done good today Sir


    RN
     
    Last edited: Oct 1, 2014
    #845     Oct 1, 2014
  6. Redneck

    Redneck

    Oh..,

    And your cap lock..., works well - jeesh


    RN
     
    Last edited: Oct 1, 2014
    #846     Oct 1, 2014
  7. Redneck

    Redneck

    Just spewed water on my key board laughing

    :D

    RN
     
    #847     Oct 1, 2014
  8. slugar

    slugar

    gotta have a little fun once in a while
     
    #848     Oct 1, 2014
  9. slugar

    slugar

    wanted to make sure you could read it
     
    #849     Oct 1, 2014
  10. slugar

    slugar

    so on the 500 tick chart red is looking for shorts only and green looking for longs
     
    #850     Oct 2, 2014