Trading the NQ

This is a discussion on Trading the NQ within the Trading Journals forums, part of the Reception category; Got within a gnat's eyelash of it. Now we see whether or not we can get past that last swing ...

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Old Jul 17, 2017, 6:06pm   #61
 
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dbphoenix started this thread Got within a gnat's eyelash of it. Now we see whether or not we can get past that last swing high at 5852. The fact that price has been hovering around this level since Friday afternoon tells you that it's important.
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Old Jul 17, 2017, 6:09pm   #62
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Db can you post a chart please. For those of us not following the NQ specifically but who follow price action trading.

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Got within a gnat's eyelash of it. Now we see whether or not we can get past that last swing high at 5852. The fact that price has been hovering around this level since Friday afternoon tells you that it's important.
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Old Jul 17, 2017, 6:25pm   #63
 
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Old Jul 17, 2017, 6:56pm   #64
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Old Jul 18, 2017, 12:35pm   #65
 
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dbphoenix started this thread For those who are working with the SLA as well as Wyckoff:
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Old Jul 19, 2017, 2:32pm   #66
 
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Old Jul 20, 2017, 3:53pm   #67
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Hello DB, my wyckoff lenses show me something like this;

As to the extent of the up waves, they are a long with very shallow retracements, the duration of the upwaves is also short, showing great result achieved by few hourly buying waves.

Conversely, the most recent downwaves are very short in extent and run for many hours, showing great effort but little result by the sellers.

Wyckoff stresses focusing on the character of the buying and selling waves, is this also what you refer to when you speak of how the market breaks out?
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Old Aug 29, 2017, 11:49pm   #68
 
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dbphoenix started this thread 27 pts on the ES vs 100 on the NQ, yet people continue to flock to the ES because of its alleged cachet.

A mystery, to be sure.
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Old Sep 12, 2017, 6:40pm   #69
 
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Old Sep 13, 2017, 1:08pm   #70
 
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Old Sep 13, 2017, 2:31pm   #71
 
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dbphoenix started this thread The midpoint of the hourly range is 4993. Watch how traders behave around that level.
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Old Sep 14, 2017, 2:00pm   #72
 
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dbphoenix started this thread Another example:
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Old Sep 14, 2017, 11:39pm   #73
 
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dbphoenix started this thread And today . . .
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Old Sep 15, 2017, 6:18pm   #74
 
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dbphoenix started this thread And later . . .
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Old Sep 15, 2017, 7:08pm   #75
 
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dbphoenix started this thread The tape is like a moving picture film. Every minute of the day it is demonstrating whether supply or demand is the greater. Prices are constantly showing strength or weakness: strength when buyers predominate and weakness when the offerings overpower the buyers. All the various phases from dullness to activity; from strength to weakness; from depression to boom, and from the top of the market down to the bottom – all these are faithfully recorded on the tape. All these movements, small or great, demonstrate the workings of the Law of Supply and Demand.

-- Richard Wyckoff (clik)
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