Trading the NQ

This is a discussion on Trading the NQ within the Trading Journals forums, part of the Reception category; That particular channel is no longer pertinent. Look to the next lower channel....

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Old Feb 9, 2018, 7:49pm   #225
 
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dbphoenix started this thread That particular channel is no longer pertinent. Look to the next lower channel.
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Old Feb 9, 2018, 7:50pm   #226
 
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Originally Posted by Gring0 View Post
Price is extended quite a bit below the lower part of TC. Daily is also showing a new down trend. I am looking horizontally to keep my head straight here and giving credence to the idea that the price has shot quite a bit to the downside and may recoil towards the median. It is debatable how valid the TC is after such wild moves out of it. Then again the night does look darkest before the dawn.
weekly channel
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Old Feb 13, 2018, 7:21pm   #227
 
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NQ hourly. One doesn't need to become a master of reading price action to have an idea about which direction offers better odds.
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Old Feb 14, 2018, 3:35pm   #228
 
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Price cracked through the demand line in pre-market hours. At the open the price is above the entry but based on one's sell rules some may exit and some may do whatever.
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