Guess this thread should be moved into Journals Why do you trade NQ only ? How long have you been trading it ? What kind of event / pattern are you looking for ?
Whole bunch of male pricks, I can still handle Great forum, great insides; I might well sticke around here for some time lol
Looks like serious comment finally. Im trading since 2018 but screwed account way back in 2011. Reg events, I like to discount upfront some data when its real hot inline the feeling for the numbers. Lets say they expect very positive CPI, they usually start discounting these events upfront. Same story when Powell having some party somewhere, they often tend to risk off towards the meeting. Off course I also trade inline some numbers/data after the print. I trade flows inline sentiment, often look at behaviour at pivots or big SMA's/privious important high/lows but Im not a swing trader at all. Usually I like to cash on some idea and keep the leftovers for the dogs. I have very leveraged game, always, short stops as well. Its the only way you can play my fast game. Usually fixed profits as well but sometimes I let run on some very sound feeling for direction. Reg flows I use compilation of stochastics and RSI; I like detecting divergence as well to make valid trade often. You can see some examples inside the FFactory thread if you like; also many real time trades. I should say mainly NQ btw but the days I trade DAX and forex are numbered. I really like NQ; its paying the bills fast usually when Im right No journal btw, I like interactive. Im not out for some one man show(..)
No one like to talk in the void. But since it's about you and your trading. I consider it as a Journal about you trading the NQ. How long does it take for NQ to discount a very positive CPI ? Guess it takes several days ? Weeks ? But you're not holding overnight ? Seen this behavior on a quarterly basis while swing trading equities. The market looks forward to the next EPS release number. They might beat expectation and expect a slow down. The beat is priced in and the stock moves lower.