Trading on "Instynct" (NQ)

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

  1. PACMAN1

    PACMAN1

    as a fellow student of anek i use his bars as a guide. in a downtrend i look for a spike up above the ema and then for price to be beat back down to the bottom of the bar that is entry also i look for the red bar at the ema not the bright red but burandy enter below it in downtrend. always make sure ema is either moving up or down if its flat thats a no trade. I tend to look for the best setups to appear i do not take a lot of trades for the day i'm very selective of the best setups which after watching and printing out my charts i look for certain patterns to appear.exits are my main problem if you exit every time the ema goes in the oppoite direction it will knock you out of good trades. so i look mainly at momentum of the move to be my guide. also if you notice when the bars get so far away from the ema they will make there way back to the ema so you could exit when this happens and reenter when trend continues
     
    #1421     Jan 22, 2011
  2. L 75.75
     
    #1422     Jan 24, 2011
  3. out 73.25
     
    #1423     Jan 24, 2011
  4. S 71
     
    #1424     Jan 24, 2011
  5. Waiting for break below or serious test of prior day's low before taking a direction.
     
    #1425     Jan 24, 2011
  6. out 69
     
    #1426     Jan 24, 2011
  7. L 76
     
    #1427     Jan 24, 2011
  8. out 77.5; had to lock in some profit but looking to re-enter soon if price structure is still intact
     
    #1428     Jan 24, 2011
  9. L 79
     
    #1429     Jan 24, 2011
  10. out 81.5
     
    #1430     Jan 24, 2011