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Going Toe to Toe with the MNQ...


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Going Toe to Toe with the MNQ...

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  #11 (permalink)
 Sandpaddict 
Langley
 
Experience: Intermediate
Platform: Ninjatrader
Broker: IB
Trading: Futures
 
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Posts: 643 since Mar 2020


FuturesDayTrading View Post
I trade the NQ exclusively. Volume Profile and Cumulative Delta, coupled with basic technical analysis, is the way to trade this thing. At least it's worked for me.

Hello and thank you for your comment. I will have a look at your youtube

I've never used either VP or CD, although I've looked into in the past. I don't use too many indicators anymore. The more I remove the better I like it.

I find myself attracted to paying attention to S/R levels more than anything.

I do like 3 different views of the same market.

- A 2/1 ninZaRenko (super fast)

- 5 min (I think it's self reinforcing because alot of people trade of something close 3min 5min, or multiples 5m, 10m, 15m ect)

- A 20/10 ninZaRenko for general trend and trade chart.

Although I'm really not sure any of it matters. Entries are only related to your exits and the markets going to do what it wants to do.

Thanks again for stopping by!

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  #12 (permalink)
 Sandpaddict 
Langley
 
Experience: Intermediate
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Posts: 643 since Mar 2020

Round #3 MNQ -$1314

So pretty happy about today. Yeup I took another beating today but today was a conscious decision at many points to stay in the trade.

I was waiting for the MNQ to run out of steam. But na. The damn thing musta ate two bowls of Wheaties this morning!

I don't think it was stupid to stay in the trade as the market "could" have changed direction at any time.

In this instance, just because IT DIDN'T, doesn't mean in the available possibilities it COULDN'T have.

Yesterday I think I traded like a shit stick. Taking stops just to end the pain and reversing and repeating.

Today maybe I should have reversed but maybe the market would have as well!?!!

Good day... your bruised and busted up but still standing.

Clear your head. Tomorrows a new day.

Hope my FIO friends made money today!

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  #13 (permalink)
 Sandpaddict 
Langley
 
Experience: Intermediate
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Broker: IB
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Posts: 643 since Mar 2020


Absolutely loosing it today. I know losses are part if the game but days and days of doing exactly the wrong thing has made me loose it.

I'm in the worst kind of headspace. I'm in the "I don't give a shit" trading mode.

Im taking loss after loss out of pure frustration like fuck this I deserve to take the loss. Take it. Then take another and another. If I would have just waited but whatever... I don't give a shit. Fuck this week. And it's Friday which had me stressed as it leaves only one day and I've lost over $3000 in a few days.

There is NO excuses or FIXES. This is just trading.



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  #14 (permalink)
 Sandpaddict 
Langley
 
Experience: Intermediate
Platform: Ninjatrader
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Posts: 643 since Mar 2020

Look at this shit...

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  #15 (permalink)
MrMojoRisin
Graz/Austria
 
 
Posts: 78 since Apr 2021
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Look at this shit...Attachment 313111

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Keep calm bro!

I've just shortly peaked into your journals the other day, but I recall you were doing pretty well in the MES lately?!

Why have you transitioned to the MNQ?

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  #16 (permalink)
 Sandpaddict 
Langley
 
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MrMojoRisin View Post
Keep calm bro!

I've just shortly peaked into your journals the other day, but I recall you were doing pretty well in the MES lately?!

Why have you transitioned to the MNQ?

Thank you MrMojoRisin. Yes I have been doing well for months with the ES. I was getting frustrated with the backfill on the ES. I started trading the MNQ in sim and really liked as it fit well with the way I trade. Then I went live. Day one went well.

Then I don't know what happened psychology wise but I turned into a raging shit throwing tard bot.

That has not happened I'm WEEKS AND WEEKS.

That put me on tilt and the day went downhill from there and ever since.

The next day I was over shy and market just happened to cream higher and higher but I held. I was ok with that. Just felt unbelievable as I would have held all day on the RIGHT side but was on wrong side.

Today and I got smashed back and forth overnight again sending me into absolutely rage today. That's why I didn't even care. Stop out. Enter stop out reverse. Absolutely no shits given.

I KNOW IT'S ME NOT THE MARKET

I not only feel like I'm picking every wrong button and top I AM in the wrong direction.

I should NOT be trading but I'm so MAD. Revenge trading all day.

Good thing it's the weekend cause I'm going to continue to do damage till end if day and I know that. (That was weird to write but true)

My only ABSOLUTE rule is my MAX contracts and I'm down to two. So I'm loosing fast and gaining slow.

It's ok though. I NEED to go through this to come out on the other side stronger and smarter.

Thank you for your comments. They do mean alot

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  #17 (permalink)
FuturesDayTrading
Columbia, MO
 
 
Posts: 14 since May 2021
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Sorry to hear that it's going rough at the moment. Sounds like you've had success in the past, so I'm sure it'll sort itself soon. Stick with it! You'll forget about this slump once you're back in sync with the market.

It looks like you're using NT8? I'd really recommend popping Cumulative Delta on your whichever chart you're using for entries. I use Delta to confirm S/R levels. Delta is essentially time and sales data (so not really an indicator). I watch for aggressive buying/selling away from that S/R levels. You can also look for bullish/bearish structure on Delta just like on a candlestick chart.

Not trying to muddy the waters for you. I've just found it a very useful tool.

Today was a tough day to trade. I came into the session very bullish but price just kept dropping. Ended up taking a couple of shorts. My last trade was ugly, but I got lucky. Had to shut down after that one.

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  #18 (permalink)
 Sandpaddict 
Langley
 
Experience: Intermediate
Platform: Ninjatrader
Broker: IB
Trading: Futures
 
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Posts: 643 since Mar 2020


FuturesDayTrading View Post
Sorry to hear that it's going rough at the moment. Sounds like you've had success in the past, so I'm sure it'll sort itself soon. Stick with it! You'll forget about this slump once you're back in sync with the market.

It looks like you're using NT8? I'd really recommend popping Cumulative Delta on your whichever chart you're using for entries. I use Delta to confirm S/R levels. Delta is essentially time and sales data (so not really an indicator). I watch for aggressive buying/selling away from that S/R levels. You can also look for bullish/bearish structure on Delta just like on a candlestick chart.

Not trying to muddy the waters for you. I've just found it a very useful tool.

Today was a tough day to trade. I came into the session very bullish but price just kept dropping. Ended up taking a couple of shorts. My last trade was ugly, but I got lucky. Had to shut down after that one.

Thank you so much for the encouragement.

I can't wait for this weekend. I'm going to purge your YouTube channel lol.

The thing is I EVEN KNOW it's wrong when I'm doing it!!!! Stopping out out of fear is my issue. I HAVEN'T USED STOPS IN THE S&P FOR MONTHS.

Now I'm just in a bad state causing me to stop myself out even though I know it's wrong. Its the damn recency bias as well as the other day just it just kept grinding higher against me. Those days happen the way I trade but now I've let it affect me!

Thank you so much for responding! I really do appreciate it. And I will heed your advice and look at delta again as I like that it's based on time and sales. Which I like watching only for overall general speed and volatility.

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  #19 (permalink)
 Sandpaddict 
Langley
 
Experience: Intermediate
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Broker: IB
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Posts: 643 since Mar 2020

I need to take my own advice! Go back and look at where you stopped out. Then look at how many times it came back! 1 out of 10 days you will get it in the ass like yesterday but the 9 others will have small profits... big profits or small losses. And these have averaged out very well.

But not if you panic constantly after a day like yesterday!

Also remember if you are down $200 in open profits but end it with a $100 profit. You didn't just make $100 YOU MADE $300!!!!! Let that sink in for next week.

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  #20 (permalink)
MrMojoRisin
Graz/Austria
 
 
Posts: 78 since Apr 2021
Thanks: 22 given, 64 received



Sandpaddict View Post
Thank you MrMojoRisin. Yes I have been doing well for months with the ES. I was getting frustrated with the backfill on the ES. I started trading the MNQ in sim and really liked as it fit well with the way I trade. Then I went live. Day one went well.

Then I don't know what happened psychology wise but I turned into a raging shit throwing tard bot.

That has not happened I'm WEEKS AND WEEKS.

That put me on tilt and the day went downhill from there and ever since.

The next day I was over shy and market just happened to cream higher and higher but I held. I was ok with that. Just felt unbelievable as I would have held all day on the RIGHT side but was on wrong side.

Today and I got smashed back and forth overnight again sending me into absolutely rage today. That's why I didn't even care. Stop out. Enter stop out reverse. Absolutely no shits given.

I KNOW IT'S ME NOT THE MARKET

I not only feel like I'm picking every wrong button and top I AM in the wrong direction.

I should NOT be trading but I'm so MAD. Revenge trading all day.

Good thing it's the weekend cause I'm going to continue to do damage till end if day and I know that. (That was weird to write but true)

My only ABSOLUTE rule is my MAX contracts and I'm down to two. So I'm loosing fast and gaining slow.

It's ok though. I NEED to go through this to come out on the other side stronger and smarter.

Thank you for your comments. They do mean alot

Sent using the futures.io mobile app

Hmm. But make sure that trading the MNQ isn't an act of subconscious self-sabotage or an ego-thing. If you know how to trade the ES why not stick with it and milk all the money out you can get and focus on increasing size?

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