Nexas
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Hi All,
I am a day trader and focus mainly on the eminis. I trade the ES and NQ using price action.
I go into every day with support and resistance levels predefined and trade pull backs in a trend until we reach one of these levels at which point I will watch to see how price reacts to the level and trade it accordingly.
I don't hold my trades over night and rarely will I be in a position for more than a few minutes. I tend to jump in to take 4-6 points from the market and jump back out again.
My hard stops are usually between 2-3 points although I am usually happy to take the position off early if I feel my edge has gone and the market isn't likely to pay me. When I enter a position I am entering because I believe the market is going to shoot off in my direction. If it doesn't do this then my setup is invalidated and I get out and look for a re-entry.
I also move my stop to be once the price has moved 1-2 points in my favour as again I am entering setups that I expect to move there and then, if they don't then there is something wrong and I'd rather not take a punt.
I won't be posting trades as they happen as I literally do not have the time to do that, but I will be posting end of day stuff... probably just a screen shot with some annotations.
It is the end of the week now so I will begin posting charts next week. We can just use this time to get to know each other
I invite anyone to contribute and participate.
Nexas
I am a day trader and focus mainly on the eminis. I trade the ES and NQ using price action.
I go into every day with support and resistance levels predefined and trade pull backs in a trend until we reach one of these levels at which point I will watch to see how price reacts to the level and trade it accordingly.
I don't hold my trades over night and rarely will I be in a position for more than a few minutes. I tend to jump in to take 4-6 points from the market and jump back out again.
My hard stops are usually between 2-3 points although I am usually happy to take the position off early if I feel my edge has gone and the market isn't likely to pay me. When I enter a position I am entering because I believe the market is going to shoot off in my direction. If it doesn't do this then my setup is invalidated and I get out and look for a re-entry.
I also move my stop to be once the price has moved 1-2 points in my favour as again I am entering setups that I expect to move there and then, if they don't then there is something wrong and I'd rather not take a punt.
I won't be posting trades as they happen as I literally do not have the time to do that, but I will be posting end of day stuff... probably just a screen shot with some annotations.
It is the end of the week now so I will begin posting charts next week. We can just use this time to get to know each other
I invite anyone to contribute and participate.
Nexas
