Trading on "Instynct" (NQ)

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

  1. out 80.75
     
    #201     Dec 2, 2010
  2. gotcha...just was confused cause i didn't see 85 on my charts :) thought I missed something ha

    relentless buying...someone woke up looks like
     
    #202     Dec 2, 2010
  3. I had a long earlier at 74.25 that got stopped out almost immediately at 72.5 and I wanted to get this move in first before posting it so I don't "waste" my post
     
    #203     Dec 2, 2010
  4. jjf

    jjf

    very wise not to waste your post
     
    #204     Dec 2, 2010
  5. I usually like to post all my trades but this "posting too soon" ET policy can make it hard sometimes, especially when I know I'm about to re-enter.
     
    #205     Dec 2, 2010
  6. i completely agree... trying to focus on a trade and post it real-time here can be a real PIA at times. :)
     
    #206     Dec 2, 2010
  7. I feel the market is weary today...feels heavy too me. That's why i held on to my short so long

    i'm shorting ~82
     
    #207     Dec 2, 2010
  8. jjf

    jjf

    it must be difficult to decide which takes priority at times
     
    #208     Dec 2, 2010
  9. ES seems on a mission to get to point X but I feel NQ has already made it there
     
    #209     Dec 2, 2010
  10. Quick example of a wholesale entry. Market bounced off the VWAP and shot straight up to a high of 76.5 which is more than enough evidence for me that sellers gave up. I waited for price to pullback some and bought right into that pullback. Wholesale applies to all time frames provided that you enter at key prices. When you do it correctly, price will quickly shoot in your favor and lessen your risk. My risk there, 4 ticks. Obviously if you use a higher time, your stop size will increase accordingly, but your target is larger.
     
    #210     Dec 2, 2010