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Some wild price movement in NQ! Did pretty well but it was very nerve wracking. I show most of the trades in real time so everyone can see what I mean. lol This felt more like a videogame than trading. Good thing I used to play a lot of Unreal Tournament.
Lance, Have you ever used the Nasdaq Tick in relation to the NQ? I find it quite useful for finding tops with Tick divergence (advance warning trend COULD be weakening) and also for Tick Zero Line Reject, where a shallow pullback results in Tick stopping around the Zero line and then both Price and Tick turning. Both of which are reinforced with audible order flow.
Thanks for your post. No, I have never used that. It looks pretty interesting. I appreciate the charts too.
I may look into that, but right now I'm trying not to change any components of what I'm doing.
Lots of setups today during the market turmoil. Not thrilled for my longer term funds, but had a great day with my personal trading. I didn't do hardly any commentary on this one. Just showed the trades quickly since I took quite a few.
I hadn't planned on trading today since yesterday I exceeded my weekly objective by a good amount. Plus, I wanted to give my nerves a bit of a break, but I guess I couldn't help myself. It turned out well. I can honestly say I am happy with my progress in the last month or so. I'm feeling my skills have really sharpened.
As I previously mentioned, I like to practice trading at high speeds on Ninja Market replay. I find it helpful training, especially when dealing in live fast moving markets. This is a short 90 second video of some of today's replay practice. I am on 50X normal speed...which is pretty fast...especially on NQ. I find random days that I don't really remember..and just turn it on.
As I am based in the UK I only get to trade the closing 1-2 hours of the session.
Today had my best day ever (462 ticks) and best single trade of 32 points, not ticks but points.
Left the same amount on the table in the short covering bounce in the final 15 minutes.
One rule I generally adhere to is to stay out of the opening 10 or 15 minutes of the equity session. It's generally too erratic and filled with whipsaws. Today, NQ began moving strongly before the open. I won a few trades before 9:30 est.) Right at the open there was a fast, strong push up and I decided to jump in a few.
This video is under two minutes and shows some trades I took right at the open. They are all in real time. This has not been speeded up at all.
It turned out well. I can honestly say I am happy with my progress in the last month or so. I'm feeling my skills have really sharpened.