Trading on "Instynct" (NQ)

Granted (i don't rely on fibs in a vacuum) but such as?
Can you completely discount well-known fib ranging while trading?

 

Have never used fibs in trading.. Many swear by them though I find it difficult to use what is borderline superstition.. There are enough fibs price is bound to stop at one of them.. BUT if enough believe in them...

Could be why I trade poorly..

 

Do you have something better than the "superstition" of what everyone else is using?if everyone uses it, is it "superstition" or prophecy (self-fullfilled)?

 

That was just a test of the 2393 pivot. Nothing more, nothing less.

 

call it what you wish should have shorted that "pivot" made your month? and then some..

 

so true, especially if you held after hours.

 

I mostly just focus on what the market is doing around key price levels, across various time frames. I like to watch ES along side NQ, but sometimes I'll glance at other markets that might be getting alot of attention like oil or aapl. Setups and entries are found on the intraday chart.

Good luck next week.

 

L 91.25

 

out 89.75