Trading the NQ

This is a discussion on Trading the NQ within the Trading Journals forums, part of the Reception category; Agreed, some good stuff on here to get your teeth into. Plenty of info to think about and to get ...

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Old Nov 17, 2017, 4:32pm   #209
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Agreed, some good stuff on here to get your teeth into. Plenty of info to think about and to get a reflection of the powers that be.
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Old Nov 17, 2017, 4:52pm   #210
 
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I want to quickly remind that all this analysis presupposes an ability to read price left to right. This ability is developed by watching live price move. I'd go as far as to say at times the pre-decision and post-decision chart becomes unrecognizable (doesn't look the same) very quickly with the change in scale as a result of time and price movement.

I have spent a long time in doing this static analysis and I had been pretty good at it, good enough to even fool myself. Avoid the trap of believing the picture perfect setups appear the same at decision time. When Db would point out this left-to-right vs right-to-left reading of chart it wouldn't get through to my head until going live cleared me of all illusions about invincibility and marksmanship.

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Old Nov 28, 2017, 8:56pm   #211
 
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It's curious that ES has shown such decisive strength yet NQ is treading water.
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Old Nov 30, 2017, 9:37am   #212
 
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Quote:
Originally Posted by Gring0 View Post
It's curious that ES has shown such decisive strength yet NQ is treading water.
Yes, traded very weak against Dow Tuesday and even more yesterday where nas went down the equivalent of over 400 Dow points, but Dow went up over 100.

On holiday but canít resist a pair trade on the SB cash.

£1 short Dow @ 23979
£4 long nas @ 6304
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Old Dec 5, 2017, 3:07pm   #213
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Quote:
Originally Posted by dbphoenix View Post
An effortless morning for the SLA.

Climaxes and tests and hinges, oh my!
Dear DB,

thanks for all the great posts which for me were clearifying topics like hinges and climaxes further.

In terms of the chart above, what do you mean by 5 point entry, 3 point stop?
As far as I can see you take the entry after a certain move away from what seems to be support or resistance? I know that in terms of the continuity of price the timeframe is more or less providing a certain perspective. But in terms of analysis and entry you are approaching the session by examining weekly, daily, hourly and then trade off 1M and 10S?

Thanks a lot for the continuation of your great work.
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Last edited by mckaldey; Dec 5, 2017 at 3:32pm.
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Old Dec 6, 2017, 11:11am   #214
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Sorry DB,

is it that, what you mean?

In general it means that after a break of the stride with more than 5 points a change in sentiment is more likely and acts as a confirmation of the prelocated levels?

In terms of backtesting, did I do the measuring correct?

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Old Dec 6, 2017, 12:38pm   #215
 
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Hi Mc
DB's post 204 will help you.
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Old Dec 7, 2017, 2:29pm   #216
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Thanks Chris,

I read that, but thought that I need a bit more clarification.
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