Plan the Trade

Will short 3225 if I don't get 123 setup for long

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I usually watch two scales. Slow and fast ticks as i like to keep an eye on the bigger picture in the background.

Eventually i hope to be able to trade the bigger moves using EW and Fib's - something that i have had varying degrees of success with over the years. I think i was always looking for the perfect entry and was generally too scared to take a trade early.

The problem with that approach is that, by the time it is confirmed, PA will be in a 3rd wave (usually most powerful), which will likely be an instie day and i struggle without the aid of pullbacks to get in on them.

Therefore the best trades will likely be, when you are doubting if it is right... to sit out the chop and wait for it to really start moving.

With that said, i do not know how i missed this Fib level last week on the Dax;



You'd have easily been forgiven for thinking that the reaction in blue circle, was good enough. That created the Extreme for the next day, which was broken by a couple of pips and that's all.

Someday i hope to put all the pieces together, because, we even highlighted the (Long) trades away from that extreme. If i had seen the 61.8% retracement level, i would have been likely calling for new highs, with the end of the prior move being clearly 'corrective'.

It's this kind of thing that makes it difficult for me to turn my back on EW, but i always needed a better way of getting into a trade with low risk and trading pullbacks has been the answer.

Insomnia really has been a huge problem for me recently, so with the holiday season rapidly approaching, i doubt i will get much more trading under my belt this year, but let's hope next year is good one!)

Anyone have some MP levels for today for NQ ?

here you go jason

Thanks. I appreciate your time.
News outlets all squawking about DOW pushing for 25,000. All US indices indeed up. Let's see if it's up or down today . . .

I'm finding this morning to be tricky so far. No losses because I haven't placed a trade. Anyone else?

so far:

Last week's high was 6503.25.

2b break pb +10

Bunch of +1s a loss and a win up 15 on day

will sell el if pb

scratch that

had 8 +1s today yes it was a little tricky volume was low but was able to catch I decent pullback

I think I will trade today

Lets see what happens . . .

Mmmm . . . Good day to sell. Lol

well I am done fast and furious today

with Christmas coming and I got nothing on Monday took a shot today hoping we would get some action

top work H .. finally got one for +20: