MNQ Journal

[ChowClown]

I changed focus from FX to Indices Futures several years ago. I'll journal MNQ day trading when time allows. The approach might resonate with some attempting the proliferation of 'Combines' out there. Not trading today but
here's a snapshot of the 'decision support' i use on the Tradovate Platform. Far right: TPO just for key levels. Middle: 4hr. Left: 1min (SMA 20 channel, VWAP, Volume & Cummulative Delta), trend lines are key, for me.

 

[ChowClown]

..pre-market jobbing for +85 ticks net, trying to get back into the swing

 

[ChowClown]

..long from the earlier demand level..+48 T locked in.

 

[ChowClown]

premarket has been ok recently. Switched to tick charts for the time being, 4000 for trend, 800 for entries from channel breaks. The 138.2 extension for targets is useful.

 

[ChowClown]

..decided to watch NQ rather than MNQ today. Waiting to see if the structure holds to buy.

 

[ChowClown]

..lift off, eventually..

 

[ChowClown]

..2-legged pullback nearing measured move target before open, perhaps..

 

[ChowClown]

..another pre-market setup long - using a 2000 tick chart today..jumped the gun on the entry, didn't wait for the candle to close and when it did, it didn't look a great entry signal ..thankfully buyers came in and there's been enough wiggle room to take the risk off ahead of the open.

Edit: ..made a mess of a couple but ok in the end will leave it there for today.

 

[ChowClown]

..MNQ UK session, jobbed a few shorts so far today. Don't like Weds typically and there's 7pmUK FOMC.

 

[ChowClown]

..love Hoagie's, probably all that's needed

 

[ChowClown]

..early set up from the open today for a swift 428T.

 

[ChowClown]

Breakfast hoagie for 1:1...edit: ..and late lunch hoagie (1:1)...edit: ..and an early tea.

 

[ChowClown]

..trying something different today (using MES). Post FOMC price action broke last week's high so i figured there may be follow through today...so i scanned different timeframes to read the overnight pa and settled on the 30min, looking for an ABC retracement to then drop down to the 5min and buy with reasonable risk. GDP helped the setup with the spike down to print the 'C' ..looks a bit tenuous but the plan is working. Using a 138.2 fib ext from the end of the session yesterday, as a target..good luck today. Edit: ..ended up b/e on this in the end.

 

[ChowClown]

..last week's high broke earlier and then took a long from the ABC correction for 316T.

 

[ChowClown]

..MNQ daily chart update - nearly at the 138.2 fib ext..watching to see the reaction there. 1 long so far off the 1min.

 

[ChowClown]

NQ, 2000 tick - taken 2 +40T shorts so far this session, from 2-legged-pullbacks (to the EMA10 & trendline) using a simple reversal candle pattern entry.

 

[ChowClown]

..first hour and 1 +40 (MNQ), long. Poor entry, a whole 2000T candle late, thankfully momentum saved the day. Need to work on trailing the stop under the lows more.

 

[ChowClown]

been a while posting in the journal here - continually trying to adapt to conditions and getting there..always a challenge ...on the sidelines today while volatility spiked around cpi (NQ) and once settled took a long from the push back up from 13000, for +73T. Set-up: 1Min, 10ema/21sma/200ema | ATR indy similar to supertrend | yesterday's & last week's highs & lows | 1.5-2.5R targets.

 

[ChowClown]

..using 3 micros today (MNQ) to reduce the risk of denting this week's profits and onto the back of a move post data - 3 trades long, for +44, +55 and +100.

 

[ChowClown]

MNQ - a post data short after the 2b printed and momentum kicked in. Held on for 2R (+284T). That's it for the week.