Borrowing from my friends for 71 ticks on the NQ 05/18/16

A friend of mine likes to say he “steals from his friends” when he takes a new skill or hack or something. Since I don’t like that phrase I am going to change that to “borrow from my friends” :smiley:

That is exactly what I did today trading the NQ and implementing lessons I have learned and tools from other great traders here at APEX. See I have been trading with 1 contract on futures for a long time and I have decided that I would try my hand at 2 contracts and run an ATM that would scalp for 1 contract and run for trends on the second.

Through careful observation and discussions with my friends here at APEX I have decided to implement @Jesal Jeff’s ATM Strategy that he uses for overnight trades with the auto trail. Thanks Jeff for putting together this particular version and sharing the details on how to put it together. Then came discussions and careful observation of @theblacktao the venerable Dominic and his daily awesomeness trading futures. He imparted to me the 30 minute range measurement you see here. IF the market breaks out of the range of the 30 minutes from open to 1000 EST then it is a good possibility the market will trend for the day or at least in the morning. IF it stays inside, look to scalp.
Next talking to @lh541 Lori Hale she is just full of wisdom on reading price levels and chop area’s and breakouts with the Diagnostic bars and her SEES method (Check out the new APEX SEES course)

I am SO grateful for my friends here at APEX! Between them and their awesome contributions and the guidance and tools from @darrell Darrell Martin, how can you fail at this trading thing?

Remember, every time you conquer chop in a market, a baby seal is saved from being punched! Do your part, learn to trade the chop! :wink:

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Great tip on marking Hi / Low levels (from 9:30 to 10 AM) US Open. I used to do that years ago for options and forgot about it. Thank you for the reminder. Awesome group of Traders Helping Traders we have here.

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I’m glad you can benefit from this too! I didn’t consider it until Dominic showed me that’s what he does. That’s the white highlighted area’s on his charts and it makes total sense! Just so happens that it often lines up with Lori’s “chop boxes” too!

THT for the win! :smiley:

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I love the “baby seal” line. We got to protect those baby seals…LOL! Great post @ronin50 :smile:

Peter

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Thanks Timelord!

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I am glad you see the light at the end of the tunnel :wink:

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