Specializing in the NQ with AMT - putting it together

March 30th, 2018, 01:33 PM

I failed to just sit and watch the Day timeframe singletimeframe the move and take an intermediate timeframe view.
I let anxiety and FOMO get me and I was jumping aggressively at small HVNs.
I can't do that. Even though it's a 12 range chart, it's still like a 1-3 minute chart speed.

Patience to let the market run without me, and just keep reading the breaks, rotations, weak highs/lows and strong rejections. Then take a longer profile, see the developments and only trade the Virgin retests.

March 30th, 2018, 02:22 PM

If I was "perfect" trading from 9:30am through the close, this is what my perfectly traded day would have produced
I've had perfect move capturing days before with no execution or psychological mistakes.
I need consistency.

April 3rd, 2018, 12:52 AM

11 trades today, WAAAAAY too many. There were only about 5 valid setups.

So overtrading and poor logical thinking was in play. I eyeballed a POC test to be 3 ticks, turns out to be 11, so not valid at all. Sheesh.

Morning not being patient to just let the market come to my homework level.
Had I just stuck with the plan, I could've rode the short all the way down.

Risk management had me -$500 for most of the day. Final trade put me +$215 somehow.
So my sigma stops are working when they should.
It's my patience to not do anything until OTF levels are tested and my not noticing multiple test weak high/low levels that are probable to break that caused the overtrading and losses today.

Tomorrow I will do better.

April 4th, 2018, 02:48 AM

Today was rough. I went down -$1000 and ended the day +145.
Most of the problem was that the OTF did not step back in for rally continuation.
I think this was due to me trading during NY/Chicago lunch hours.
So I fought the slow downtrend for hours.

I need to figure out more concrete rules about which Aggressive Initiation HVN's to bet on.
Need to be more aware of where the WEAK Volume Cumulation Highs and Lows form because they will eventually break.
The strong Rejections actually don't mean as much if they occur at repeating levels.
It's the weak highs and lows that really tip eventual probability of directional movement.

I cannot trade during Lunch hours. It's gotta be after 1:30pm EST into the close early.
The morning session is not realistic from my timezone.

I've got some work to do in patience. Also 2 trades today outside of trading plan. That's not good.

Specializing in the NQ with AMT - putting it together

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Specializing in the NQ with AMT - putting it together