Trading the NQ

This is a discussion on Trading the NQ within the Trading Journals forums, part of the Reception category; FWIW, I take a broader view, off the daily, beginning with the first decline after the break of the stride, ...

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Old Dec 2, 2016, 2:58am   #16
 
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dbphoenix started this thread FWIW, I take a broader view, off the daily, beginning with the first decline after the break of the stride, followed by the first rally, i.e., 4625 to 4892. This provides the frame for everything that occurs thereafter. I want to focus on what The Money looks at, so I'm not overly concerned with what goes on in the big middle. That thrust on Oct 25, for example, resulted in a nice decline.
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Old Dec 2, 2016, 3:02pm   #17
 
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FWIW, I take a broader view, off the daily, beginning with the first decline after the break of the stride, followed by the first rally, i.e., 4625 to 4892. This provides the frame for everything that occurs thereafter. I want to focus on what The Money looks at, so I'm not overly concerned with what goes on in the big middle. That thrust on Oct 25, for example, resulted in a nice decline.
Is that what you are talking about?
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Old Dec 2, 2016, 3:17pm   #18
 
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dbphoenix started this thread No. For that particular period, that range is useful, but for the present, I was referring to the low on 9/12 and the high on 9/22.
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Old Dec 2, 2016, 5:41pm   #19
 
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No. For that particular period, that range is useful, but for the present, I was referring to the low on 9/12 and the high on 9/22.
More in line?
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Old Dec 2, 2016, 6:30pm   #20
 
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dbphoenix started this thread Yes. You will have noticed, I'm sure, that the market has been news-driven ever since Brexit. This is challenging. However, it should be obvious even to those who don't trade price that we've been ranging ever since, and the principles of trading price still apply. It should also be obvious that the "reasons" the trade press -- and trading forums -- gives for all this movement is mostly imaginary, e.g., the "Trump rally". Rather it's just the same old ranging trending ranging trending.
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Old Jan 30, 2017, 2:15am   #21
 
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Where are we?

I'm trying to figure out what is most relevant in regards to the NQ moving forward, weekly and daily charts attached.

Price had largely moved sideways from July 2015 until August 2016 when it eventually pushed higher but this BO didn't get far and price ranged again. The daily shows the most recent range and the new uptrend from the breakout.

Ranges can be used as a reset to track new demand supply balances, but, I wonder if its a mistake to overlook everything that led up to July 2015.
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Old Jan 31, 2017, 3:02pm   #22
 
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I'm trying to figure out what is most relevant in regards to the NQ moving forward, weekly and daily charts attached.

Price had largely moved sideways from July 2015 until August 2016 when it eventually pushed higher but this BO didn't get far and price ranged again. The daily shows the most recent range and the new uptrend from the breakout.

Ranges can be used as a reset to track new demand supply balances, but, I wonder if its a mistake to overlook everything that led up to July 2015.
Learn from the past but don't get married to it.
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Old Feb 22, 2017, 1:09pm   #23
 
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dbphoenix started this thread FWIW, the NQ reached the top of its trend channel yesterday and tested it this morning.
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Old Feb 23, 2017, 4:23pm   #24
 
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FWIW, the NQ reached the top of its trend channel yesterday and tested it this morning.
NQ down 50pts so far today.
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Old Feb 24, 2017, 8:44pm   #25
 
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dbphoenix started this thread Trump’s ‘big fat bubble’ trouble in the stock market

Shiller PE Ratio
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Old Feb 25, 2017, 5:45pm   #26
 
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The trend still seems up but is going quite parabolically. To expect some kind of a pull back is to be expected. Considering there are no previous S/R levels there is no way for a human to identify a turning point.
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Old Feb 25, 2017, 8:09pm   #27
 
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http://www.politico.com/story/2017/0...ongress-235276

Trump empty promises seem to be driving this bull run lately, till Tuesday.

Thats where the rubber meets the road.

I don't think he can pull it off

And the markets are at all time highs, what else do you want more all time highs? and why expect it

The question I ask myself is, is Tuesday already built in?
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Old Feb 27, 2017, 1:42pm   #28
 
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The trend still seems up but is going quite parabolically. To expect some kind of a pull back is to be expected. Considering there are no previous S/R levels there is no way for a human to identify a turning point.
A potential turning point is provided by the UL of the weekly trend channel, as noted last week. A second is the test, which occurred last night and this morning. Price will break the DL at 4325. The LSL is 5299. "Resistance" is provided by the failure of sellers to find buyers.
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Old Mar 1, 2017, 1:21pm   #29
 
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dbphoenix started this thread Price makes a HH to a higher UL of the TC, stopping out the short trade off the short-term DL break. The short-term DL is now fanned.
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Old Mar 1, 2017, 5:34pm   #30
 
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Price makes a HH to a higher UL of the TC, stopping out the short trade off the short-term DL break. The short-term DL is now fanned.
Are you looking at the hourly interval for the DL?
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