Trading on "Instynct" (NQ)

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

  1. out 2.50
     
    #641     Dec 15, 2010
  2. S 01.25
     
    #642     Dec 15, 2010
  3. looking for ~99.25
     
    #643     Dec 15, 2010
  4. Instynct, What is your time zone? I am EST and thought you were, but times seem off, or maybe I am.
     
    #644     Dec 15, 2010
  5. Instynct, Attached is a chart of your trades today. Seems your bread and butter is scalping breakouts. I see the reason for most of your entries, but a couple are not clear.

    I tend to play pullbacks. Looks like you may have netted around 5 points/contract today. Would this be a typical day for you?

    I see you are patient also, and wait for your setups.
     
    #645     Dec 15, 2010
  6. bmw,

    I'm on the west coast. The first trade Long at 14.5 I was just looking for a lunch time fade for a couple points. Apparently the fade already happened and I was too late. And once ES broke below VWAP at around 9:35 pst the market bias was set.

    The 98.5 Short at 11:36, I really wanted 2200 but price didn't quite make it up there before sellers started coming in again so I quickly hopped on with a 2 pt stop. Price didn't do what I had expected so I got out at breakeven. Turns out price decided that it wanted to touch 2200 and at that point sellers started to come in again so I hopped back in short at 2199.5.

    The last short at 03.5 I was expecting sellers to come in at the previous day low of 04.25 to take it down, but the buyers ran me over trying to cover their shorts.

    I don't like to enter with stops but if I miss those wholesale entries on a day like today then I will enter however which way I can. If I enter with stops I'm more inclined to treat them as scalps with tight profit management and tight stops(around 3-6 ticks).

    P/L today +6.75
     
    #646     Dec 15, 2010
  7. S 03
     
    #647     Dec 16, 2010
  8. out 99
     
    #648     Dec 16, 2010
  9. S 5.75
     
    #649     Dec 16, 2010
  10. out 06.75
     
    #650     Dec 16, 2010