Plan the Trade

Up +15 on one but grabbed +10, then 2 @ BE

Decent sized drop on ES and NQ earlier . . .

3 trades today (SIM), price reacted well at every entry, even if I didn’t really take advantage of it.

+8 +1 +1

Most probably it is of no importance, but every entry was taken from an engulfing after point 3 was done.

This is what I saw:
Trade 1: long on a 123s possible change of trend
Trade 2: short on a 123s
Trade 3: short on a narrow 123s back into the trend, after that big sell off.

Have a good day guys.
Cheers,
J-F

Hi Divergence, please could have a look at todays NQ, 20 sec chart if you geta chance. comments on the chart.
thanks in advance.
olly

on the 1 you got stopped out on there was a 2b break before it came down so i canceled order the last one you had line at wrong candle i put the line in to show you everything else was correct

ahh thanks... i knew there was a problem on that stop out one as didnt feel right at the time...missed the 2b at the top.. !
appreciate your input.. much obliged

Hey folks ... I've gotten a bunch of PM's asking me what's up as I seem to have diasappeared. I am still around. The ES, except for a few days here and there has really lost much of the volatility that made the blog method work so well. I have therefore been working on two other projects for the blog and once I settle on which I want to proceed with I will be back at it. Working one method on the ES that allows for earlier entries into a move that gives a better opportunity to profit, and also working on the RTY russell 2000 emini. That one is nice because it has $5 tick size like NQ.

Talk to you soon.

NQ gonna break down to the 30's ??

Guess 55.50 held . .

nice trading

Excellent work Erasmus, very clear once more, thanks a lot for taking the time to post your charts on NQ and YM.

3 trades for me today (NQ, SIM):
-11 +1 +0 (1 tick slippage)

Trade 1: short from a 123s, nice thrust bar from point 3, but the following bar breaking point 2 was very weak. While price took me out, it formed the 2b opportunity of trade 2 below.
Trade 2: long on a 2b. Price reacted very well after the fill, with a kind of bullish pinbar to +12 ticks, but then turned back to downtrend.
Trade 3: short from a “long range” 123s. I took it from around the middle of the big candle forming the point 3. After the fill, price reacted well to +13 ticks then turned back to the uptrend, forming a 123s back into the trend that... I didn’t take (that one would have worked... trading with insight would be so much easier!! ;0)

Have a nice week end guys.
Cheers,
J-F

Quiet in here today...

tough day:

with the markets being a little jumpy the last couple of weeks getting 25 is almost impossible for me so i altered my MM so on both nq and ym the stop is 11 target 12 6 contracts with each so a win gets me $750 looking for 2 wins and be done with it. same setups on nq and only 123s on ym first trade was 123 on ym at 512 at 940:20 for +12 next was same as ras pullback supply bar at 38.35 for +12

top work H .. be+1 when up 6, be+11 when up 12 for both ym & nq?

the second one up 12 lock in 10

Took Friday off and today messed around with range bars today. Six of one and half a dozen of another, got bored and finished at BE today. I think when it's jittery, it doesn't matter what you use. Conclusion is it is better to stick with what you know, just gotta accept when things keep stalling.

Same feeling here, very bouncy day (SIM)
Trade mangement today was:
A- +1 at +6
B- +10 at +15

1 full win, 1 partial win, 1 BE and 3 losses.

6 trades, very similar entries to the ones taken by Erasmus in his chart above
+10 -11 +25 -11 -11 +1

Negative day (-3T) at the end, due to the commissions.

Have a good day.
Cheers,
J-F