Lori's Daily- 74 ticks on NQ!

General Trading Forum YOU can do this and why you should
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Hi Lori, I have a few questions about your trades.

Firstly, thanks for posting these great charts every day, as well as for your constant feedback and willingness to help. We really have something special here at Apex, and the people behind it are a big part of that!

Here are my questions:

1.) What stopped you from taking a buy at the swing into the high of the day? I got stopped out there.

2.) Also, the nice 60 tick short trade you took that you are labeling a swing does not look like a swing to me. Can you tell me more about this entry and how to qualifies as a swing in SEES?

3.) What do you mean by “until the Apex V.A./D indicator told me it was done”?

4.) I noticed that your third trade, the APEX E trade, had red mvp arrows. I know you have said you don’t usually take those E trades where the mvp is the wrong color for the direction of the trade you are taking. What changed your mind here?

Thanks,

Darby

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I think when she says swing trade, she is referring to a swing trade out of chop. That is one of the SEES indicators

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well I know that when the mvp starts to go flat like that, its indicating a reversal if im not mistaken.

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You may want to ask your questions in the trading room, I’m sure a lot of other people have the same questions

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Lots of good questions Darby! Happy you are asking.

  1. I simply missed that swing past the high of the day.
  2. It is absolutely a swing trade. I drew the line from the previous swing from the long trend. A point that the wick stopped at. Price would not go further, it becomes a swing level. I saw the high of the day was not broken by much at that point and wanted in on the down side. I saw the swing opportunity and took it.
  3. It is a new indicator that is being tested. The way I was reading it told me the trend was strong and to give it room and stay in. I was protecting my 20 ticks that I would have from a normal scalp, so I had nothing to lose by letting it go and giving it space until I read that the trend was done. Turns out, it was spot on.
  4. The MVP arrows had gone flat by the time the E entry was hit. That gives me a clue it may trend again. Unfortunately, I was anxious to be done trading and protected too tight, so I missed the trend up.

If I have not answered clearly or you have more questions, please ask! L.

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Very helpful thanks. So to clarify, a swing trade is a reversal past a key resistance point, in this case the wick. You referred to it as an elevator, I have also heard it called a sling in SEES.

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Thanks Lori!

When you say " I saw the high of the day was not broken by much at that point and wanted in on the down side", are you saying that because the market did not move much into the high of the day on the prior swing high, you figured the odds were good that it might have some momentum for more of a downward trend?

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Capra, I have corrected that, you are correct, it was a sling, not an elevator. Yes that formed a resistance point.

Darby, yes, exactly what I saw. Plenty of volume, yet not much of a push higher.