NQ running again

NQ had a great run today.
Expecting it will continue North.

Thank God I never listen to financial
media or the prognosticators of War.

 

HUH? you traded without X and Y axis ?!

 

LOL..I'd really need a crystal ball if I traded without those.
Chart fixed.

 

How can you tell they're full of shit ?

Their lips are moving

 

giant rampage in progress.

long and strong

 

Good Morning mikeriley,

You are the master of NQ day trader.

Please kindly give me a strategy to make $50 or $100 a day trading NQ for 1 hour a day please.

Thank you,

 

pulled back just after my alert , then ripped 170 NQ points higher.

sold near the highs

amazing

 

Hi there SimpleMeLike

I've already given you that strategy in the form of a Game.
You were instructed to play the Game in simulation mode
until you were confident the strategy was viable for live trades.

Use micro contracts.
https://www.elitetrader.com/et/threads/a-trading-game-for-fun.366818/

 

Hello mikeriley,

Thank you so much Mike.

That strategy is too hard. Please give me one much simpler.

 

OK, test this one in Simulation mode
until you're confident for Live trading. ( I know it works)

Step #1 Open MNQ with a 30 minute chart.
Step #2 Make sure you can see at least 5 days
of price.
Step #3 Every day determine High/Low range.
Step #4 Range is absolute high and absolute low
between 5:00pm to 5:00 am Eastern
Step #5 Use horizontal lines to mark
these two levels on your chart.
Step #6 Buy or sell the first level that's breaks
past 1 tick.
Step #7 Stop loss is the price level on
opposite side that was not broken.
Step #8 Profit target is 100 ticks

Yes I know, many times you'll have a
WIDE stoploss. Just be patient and
wait till move develops. Watching
the chart every day will help you
determine the best days to WAIT
FOR IT.

Some days you'll see when MNQ is developing
a clear trend. When that's evident to you,
look to take position early before it breaks
any of your price levels. On such days you can ride
the move for more than 100 ticks. Sometimes
a lot more (200+)

In time you'll know when to increase your contract
size. (Goal is using Mini contracts instead of micro)

Caution: ONLY use this with a 30 minute chart
and ignore price action on lower time frames.
If you use this with a lower time frame you'll
end up pulling out too early when the move
is barely under way. Lower times frames = Slot machine
mentality. (Stay away from it)

Once you win the trade, STOP TRADING.
You only need 1 trade/day. This will protect
your profits, build your confidence and
your bank account.

Patience is required.

To your Trading Success.