Trading on "Instynct" (NQ)

Discussion in 'Journals' started by Instynct, Nov 12, 2010.

  1. PACMAN1

    PACMAN1


    out 15
     
    #1311     Jan 19, 2011
  2. L 11.75; lunch time set up right here, will explain this in more detail in a bit
     
    #1312     Jan 19, 2011
  3. Looking for 16. On a related note, ES is sniffing for those stops above 1284
     
    #1313     Jan 19, 2011
  4. out 10.75
     
    #1314     Jan 19, 2011
  5. back in L 12
     
    #1315     Jan 19, 2011
  6. out 11
     
    #1316     Jan 19, 2011
  7. I think the lunch time move happened earlier already which is rare for it to happen that early. And to be honest I was a bit suspicious about my 11.75 Long.
     
    #1317     Jan 19, 2011
  8. About this set up, i usually look for a fade between 8:40 and 9:10 PST. The idea is to enter as close to the high/low as possible for a scalp, if not a larger move. Obviously the closer your entry is the high/low of the morning, the smaller your stop and the bigger your profit. But you risk missing out on the whole move because price may not reach your price.

    Today however the move came early, which was dissapointing because I was waiting patiently for my window of time.

    I was thinking the market would recover a bit but was wrong and you can clearly see that in ES. 1284 was support on the hourly and it clearly flipped it. Price action does not get any cleaner than that.
     
    #1318     Jan 19, 2011
  9. PACMAN1

    PACMAN1

    looks like the correction we've been waiting on
     
    #1319     Jan 19, 2011
  10. PACMAN1

    PACMAN1

    i'll be mainly looking short maybe for at least another day
     
    #1320     Jan 19, 2011