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The Beast Slayer, Lance's NQ Trading Journal


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The Beast Slayer, Lance's NQ Trading Journal

  #1301 (permalink)
 
Daytrader999's Avatar
 Daytrader999 
Ilsede, Germany
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lancelottrader View Post
I hear you..On NQ at least, I seem to do better on the days where it is moving down. When it goes up, often it just stays up and bounces around a little.

That's exactly the problem...and my psychological issue when I take long trades which sometimes seem to last forever and keep moving back and forth.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #1302 (permalink)
 kirkvan 
Edmonds, WA
 
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MrTrader View Post
Thanks!
BTW, what screen recorder would you recommend?

The free Vimeo Screen Recorder is my current favorite. This platform didn't let me include the link but a Google search will easily find it.

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  #1303 (permalink)
IaskQs
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lancelottrader View Post
I really don't like days like today. My feeling is that the market has been subdued, as far as volatility the last two days because of Easter this weekend. I took two trades only. Just waited until it looked like price would move down and did some small 25 tick scalps when it bounced up off of some small support areas.
So, basically, just wanted to only take longs and wait for support breakout fails.

Just wanted to let you know that your webinar has begun to really sink into my brain. Specifically, the idea of looking for an area where there is no significant support or resistance. I did that today (paper trading because I'm still solidifying my strategy) and ended up with my biggest NQ trade to date: I took 35.75 points today going long. I'm not using your strat exactly (I'm using 2m or 5m bars) but I'm learning how to incorporate the general ideas you presented.

I know this may be elementary for more experienced traders, but seeing price move freely in this area was an eye opener for me.

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  #1304 (permalink)
 lancelottrader 
west palm beach florida usa
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IaskQs View Post
Just wanted to let you know that your webinar has begun to really sink into my brain. Specifically, the idea of looking for an area where there is no significant support or resistance. I did that today (paper trading because I'm still solidifying my strategy) and ended up with my biggest NQ trade to date: I took 35.75 points today going long. I'm not using your strat exactly (I'm using 2m or 5m bars) but I'm learning how to incorporate the general ideas you presented.

I know this may be elementary for more experienced traders, but seeing price move freely in this area was an eye opener for me.

Good to hear. Yes, in NQ at least, when there is strong order flow..in the absence of real S/R, price can just keep going..

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  #1305 (permalink)
 lancelottrader 
west palm beach florida usa
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Price action on NQ so far this morning has been very difficult. Very hard to read.

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  #1306 (permalink)
 
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 Daytrader999 
Ilsede, Germany
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lancelottrader View Post
Price action on NQ so far this morning has been very difficult. Very hard to read.

Yeah, absolutely....I'm really having a hard time finding my usual 'sniper' setups for a couple of days now, so I didn't take any trades since the beginning of last week.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #1307 (permalink)
 lancelottrader 
west palm beach florida usa
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Market is most likely waiting on Fed guy Powell to speak at 12 pm. When there is lack of trader commitment, most moves will have no follow through. You just get a little push here and there and then..nothing but a short change in direction. I'm staying out for now.

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  #1308 (permalink)
 lancelottrader 
west palm beach florida usa
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redbarntrades View Post
Trading is such a personal journey.

What's interesting is that I love day's like today

I suppose you can play some bounce scalps off of some small S/R areas.. May I ask what kind of setups about today do you like ? Playing range fails? Interested in knowing how you would have traded NQ so far today.

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  #1309 (permalink)
redbarntrades
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lancelottrader View Post
Price action on NQ so far this morning has been very difficult. Very hard to read.

Trading is just a personal endeavor heh?

For me, I love days like today.

I have a very hard time with a trending market.

In regards to today, when price hit the 13750 level, there was bearish divergence and then a strong move down.

Then numerous hits on the 13700 level for moves to the upside.

These provide me with my edge.

I divide my chart into 50 levels as I found this often is a target for the market.

Signing out to go to the dentist.

Thanks for all of your posts!

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  #1310 (permalink)
redbarntrades
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lancelottrader View Post
I suppose you can play some bounce scalps off of some small S/R areas.. May I ask what kind of setups about today do you like ? Playing range fails? Interested in knowing how you would have traded NQ so far today.

I will have to get back to you. Off to the dentist.

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