Nasdaq Futures NQ Trading Diary

#Post 12

Pretty much what I do... only difference is I use fibo's (38% level first time touched after initial balance is my bread and butter) and I use footprint charts to confirm entries. The footprint data allows me to never risk more than 2 or 3 points.

I am subscribed and look forward to watching your journey! Good Trading!

what makes this close so interesting?

for me, it was the analysis on Post #12 that eventually played out

but the triple bottom on the chart in post #12 just shouts liquidity pool, where lots of traders have their stops ready to get rolled over by large sell orders

tested the market on the micro, then when had a better idea of what was going on, made a decent short in the mini's

PT1



PT2

Is it safe to assume you are in Europe and don't trade the US afternoon session?

i'm in Europe but I trade the US session

My morning prep for the Nasdaq

The trade plan worked out quite well today. Had to make a slight adjustment and if I had held for TP2 I would have made a few $'s more.




It's not often that the TP2 gets hit at the measured move of the IB, so glad it did today, even if I didn't get tagged out there.

Scalping for small profits - builds up

This was the level I thought would hold as resistance for a return to the Initial Balance


The fact that such an important level on Friday didn't hold meant that my short trade was wrong but I was able to flip long on the If>Then model I had in my head. Clearly if a level of resistance doesn't hold, the buyers are in control.

Rather than being super greedy, I am obviously happy to make back the money I lost and then come out with more than I started with.
The TP1 to the upside was hit. I took profits

Here is what I am looking for in my trades on a daily basis

haven't found another trade in the US session so happy to have been profitable during the London session.

Even though it looks like I left plenty on the table.

Looking for a trade

1. Break higher than Initial Balance high
2. pull back to old resistance now support and 1/2 of Initial Balance
3. Gap & Trap, trap everyone long from the US open and revisit yesterdays range

Trading TPO breakdowns from the POC


(I) filled the gap between (D) & (E)


(J) began trending


(J) bounced off VWAP



tried to hold a short all the way to the half way back, but the momentum reversed at the VWAP again.

Nev do you conduct mentors

are you asking if I mentor traders, the answer would be yes.
But one of the reasons for doing the youtube videos is to deliver a lesson too. It helps cement my ideas and stops me from making too many silly mistakes. You should be able to find a process that works from watching the videos too, but I am always happy to answer questions if I am making no sense or you feel I may have contradicted myself.

NFP and low volume in the US session proved quite tricky with a lack of direction before the London Session close