NQ Day Trading

no trades for me today. didn't log in until well after an hour the ny market opened. then seemed to have some feed issues with it
freezing a couple of times, but seemed to clear up. regardless that was enough to make me hold off. maybe bouncing my mouse
off the tile floor had something to do with it.
marked up some hoagies and a 2B just to see what I missed. out to run errands, will do an autopsy later. good luck if you trade today.
regards
goma

..i've been on the sidelines too since the open, couple of hoagies pre-market, long. I'll probably wrap up for the week soon. Have a great w/e!

3 consecutive losers for me in the 1st hour, so shutting up shop for the day.

don't blame you. checked on things before the ny open, then several times throughout he morning, pretty much stuck in a range with
low liquidity. not even very choppy, just drifting. just took another look and now it is dropping decently, but not on great volume so far.
maybe something broke and more participants will show up. no trades for me today.
regards
goma

late to class after morning errands. looks like things took off after pre-market range. any orb trades? about 11:30 NY time I managed a 12T short scalp.
was a bit early on the entry, came within 1T of target them reversed so just closed it. volume was slowing quickly as well.
on the topic of volume, (I view it as a component of liquidity) it is underwhelming at the moment. it might pick up next week after the
lockout period ends for many of the majors, so they can put their cash to work buying back their stock and keeping somewhat of a bid
beneath the market. but right now, not so much, it makes watching price action give me whiplash. threw in a chart of ES liquidity for the month of Jan,
didn't have a recent one, but you can see how it drops off during blackout periods. ok I'll stop now
regards
goma

Thx for your insights, you know the drivers behind what prints, or doesn't. You regularly provide food for thought and is much appreciated

missed this hoagie long..mouth watering

thanks,hope it helps. part of my daily routine to encourage (or discourage) my approach to the markets.
yes, similar action on the ES this morning, came in when it was taking off on thin volume. no trades for me so far. taking a break until ny lunch hour then see what happens. good luck
regards
goma

Trailing stop.

I try no to miss trades but it happens.
Every 30 min decision ( candle close ) : wait, enter, hold, add or exit.

managed 1 trade after I got back (late) from errands. plus 20T long on a 2B setup. marked out several earlier ones for my own benefit
as a reminder to myself. no eye dear what prompted the selloff earlier, kind of glad I missed it.
nice trade mandariin, you are already in profit.
regards
goma

..in the IB break long atm, trailing..hope you're all having a good one.

nice. got on about 45min after the ny open. missed the first 2B as it formed but caught one later for plus 16T. now looks
like everything wants to go higher.
good luck
regards
goma

the patient is starting to flatline. snagged 12T on the last blip.
regards
goma

..trying something different today (using MES). Post FOMC price action broke last week's high so i figured there may be follow through today...so i scanned different timeframes to read the overnight pa and settled on the 30min, looking for an ABC retracement to then drop down to the 5min and buy with reasonable risk. GDP helped the setup with the spike down to print the 'C' ..looks a bit tenuous but the plan is working. Using a 138.2 fib ext from the end of the session yesterday, as a target..good luck today.

Edit: ..ended up b/e on this one.

glad you made it out before it dropped below 4000, (then back up to near 4060). some decent liquidity today with today being the largest earning announcement day
of the season. otherwise bad news is a mostly good news market. only a few trades this week, a couple of plus 12Ts and a plus 7T. a good
week for me to take care of errands and a dentist appt. this morning. it may yet hit your target up towards 4070, although the
4050-60 range seems to have a lot of positioning longer term. I'll stay out until after the next econ news tmro morning. good luck
regards
goma

..same concept but on the break of yesterday's high (NQ) - the high breaks, watch for a 2-legged retracement and get in at low(ish) risk.

NQ Daily chart context +fib..

..long MES (5min) from 16:35UK candle,..yesterday's high broke earlier and waited for the ABC pull-back to enter..post the chart later.
Edit: stopped out for +18T

looks like you entered right around the hoagie I watched after I came back from the kitchen. ran out after my first trade for a bowl of cereal for
breakfast. I hesitated on entering the hoagie, either south or north as it seemed in a bad spot, possible reversal near the whole number and
peak liquidity for the session. sure enough it dropped following the trend, but looks like it moved back up. no predictions from me as it is
friday but 4120 area is an attraction north and back below 4080 south. my trade was a simple 1-2-3. How did the NQ trade go?
regards
goma

slowwww time of day. looks like the futures hit the 4120 level. no further guesses. looked at a couple of hoagies the first only lasted 18 minutes
in about a 4pt range, the recent one 46 minutes also about 4pts.
regards
goma