Another Swing and a Hit on NQ!

General Trading Forum YOU can do this and why you should
1

swing entry on NQ

3 Likes
2

another Swing trade good for 10 more ticks

1 Like
3

I’m not immune to chasing bad setups, and this was a bad setup

I definitely didn’t have my head in the game this afternoon, I continued to chase trades or make bad trading decisions.

Pasted image1913×1077 400 KB

Final trade of the day, a trend entry at the end of the day…I’ll be glad when this roll period is over and all of the volume is on one contract.

Pasted image509×1074 141 KB

2 Likes
4

Great markups. I want to pick your brain if you dont mind lol. I see on the second to last post you took a swing trade and let it run for 16 ticks. What is it that you look for to keep you in a swing trade and let it run for a few more ticks? Is it volume? The fact that it was already a trend setup? Distant IZone and/or deviation level? I see a few others do this quite often, but not sure of what justifies it.

5

Thanks Jamell :smile:

On that particular trade, and forgive me because my text block kind of blocks it out, that swing high entry was immediately preceded by a trend entry. In those cases where there was a trend entry followed by a swing entry early in the trend, I will often let it run and trail it with the MVP predictor. I was really off my game today, so I wasn’t confident in many of the trades I took and got out of them earlier than I would normally and i also took trades in areas I would normally not take them. It happens sometimes and I usually bounce back quickly. Fortunately, I didn’t get hurt today, but I could have gone badly.

I hope that clears it up for you, but feel free to ask any questions you may have if it doesn’t. I tend to add a lot of my personal style to my trades so they can sometimes confuse people. I do try to tell people when I’m not following the rules.

Peter.

1 Like
6

Makes perfect sense now. I was sure that style had something to do with it. Every once in a while I have to pick the minds of the greats! :grin:

1 Like
7

LOL, Anytime my friend.

Greats?..that may be a stretch for me :smiley: , I’m still at the very beginning of my new found career, but that is a huge compliment and I thank you for it.

Peter

1 Like