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Daytrading ES & NQ


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Daytrading ES & NQ

  #201 (permalink)
 Rcap 
Frankfurt Germany
Legendary Market Wizard
 
Experience: Intermediate
Platform: Sierra Chart
Trading: MES, MNQ
Frequency: Several times daily
Duration: Minutes
Posts: 531 since Oct 2019
Thanks Given: 10
Thanks Received: 703

20231115 pre market



news and numbers
we had numbers at 8:30

Objectives
We have a huge pile on flagpole
we have a huge gap below us

Thoughts
Do not anticipate liquidation
Do not anticipate further gains
No trade is also a trade

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  #202 (permalink)
 Rcap 
Frankfurt Germany
Legendary Market Wizard
 
Experience: Intermediate
Platform: Sierra Chart
Trading: MES, MNQ
Frequency: Several times daily
Duration: Minutes
Posts: 531 since Oct 2019
Thanks Given: 10
Thanks Received: 703

nothing spectacular yesterday


trades 11 15

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  #203 (permalink)
 Rcap 
Frankfurt Germany
Legendary Market Wizard
 
Experience: Intermediate
Platform: Sierra Chart
Trading: MES, MNQ
Frequency: Several times daily
Duration: Minutes
Posts: 531 since Oct 2019
Thanks Given: 10
Thanks Received: 703


20231116 pre market


News and numbers
there are some semi important fed speakers today

Objectives
Buyers are strongly in control in the shorter term picture
The on explored below y rth l but at the moment is back in
The huge gap is untouched

Thoughts
Status quo is: buyers in control
Expect more of the same until proven otherwise
Do not anticipate bigger liquidation until you see it
Do not scalp without context
Wait and see if a smaller sweetspots appear
Do not expect much. Trading is about what you donīt do

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  #204 (permalink)
 Rcap 
Frankfurt Germany
Legendary Market Wizard
 
Experience: Intermediate
Platform: Sierra Chart
Trading: MES, MNQ
Frequency: Several times daily
Duration: Minutes
Posts: 531 since Oct 2019
Thanks Given: 10
Thanks Received: 703

20231116 post market



trades 11 16




Again not much to report
ES took out a rth l (crazy)
I traded a few small distance scalps with low size
Absolutely crucial to work with small targets
We are now again in a very flat Balance area
One day they will repair all this poor structure. But its not my job to anticipate this ...

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  #205 (permalink)
 Rcap 
Frankfurt Germany
Legendary Market Wizard
 
Experience: Intermediate
Platform: Sierra Chart
Trading: MES, MNQ
Frequency: Several times daily
Duration: Minutes
Posts: 531 since Oct 2019
Thanks Given: 10
Thanks Received: 703

20231117 pre market



News
feds daly speaks at 10:00

Objectives
tf t1 is in a 3 day balance
the tf above is sitting on the flagpole

Thoughts
i plan to trade in relation to that 3 day balance
balance rules apply

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  #206 (permalink)
 Rcap 
Frankfurt Germany
Legendary Market Wizard
 
Experience: Intermediate
Platform: Sierra Chart
Trading: MES, MNQ
Frequency: Several times daily
Duration: Minutes
Posts: 531 since Oct 2019
Thanks Given: 10
Thanks Received: 703

no trade today



I more and more get the point that it is about what you donīt do

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  #207 (permalink)
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
Posts: 6,266 since Jan 2011
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Rcap View Post
Playing with sierra chart settings
It is a permanent conflict between clarity and granularity
I use a 4 tick for the weekly profile and have the 1 tick pocīs overlayed

Comments how others solve this conflict are appreciated

There's no conflict here. You don't even need tick data for long term views like this. There are much bigger fish to fry, so pick a setting and forget about it.

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  #208 (permalink)
 Rcap 
Frankfurt Germany
Legendary Market Wizard
 
Experience: Intermediate
Platform: Sierra Chart
Trading: MES, MNQ
Frequency: Several times daily
Duration: Minutes
Posts: 531 since Oct 2019
Thanks Given: 10
Thanks Received: 703

20231120 pre market



News
It is Thanksgiving week

Objectives
We gapped up and are now in a very flat 4 day Balance

Thoughts
Balance rules apply

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  #209 (permalink)
 Rcap 
Frankfurt Germany
Legendary Market Wizard
 
Experience: Intermediate
Platform: Sierra Chart
Trading: MES, MNQ
Frequency: Several times daily
Duration: Minutes
Posts: 531 since Oct 2019
Thanks Given: 10
Thanks Received: 703

20231120 post market



trades 11 20



  • we broke out of the mentioned balance area to the upside
  • i traded long in A, B and C-period
  • i was interested to buy a contra auction in or after mid-time, but that did dot come
  • The market more and more piles on but we have to trade what is, not what should be

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  #210 (permalink)
 Rcap 
Frankfurt Germany
Legendary Market Wizard
 
Experience: Intermediate
Platform: Sierra Chart
Trading: MES, MNQ
Frequency: Several times daily
Duration: Minutes
Posts: 531 since Oct 2019
Thanks Given: 10
Thanks Received: 703


today no trading for me

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