NQ: 118th trading session - recap
NO TRADES TODAY
I'm basically just going over everything that has happened today.
So, as explained: Overall condition was ranging, although we had some bullish movement quite recently. This basically is just telling me that the price action today has a higher chance of ranging. Now, almost everyday price will start to consolidate in some sort of way after the opening (or even hours after it). This can be in form of tilted ranges to the upside/ downside, or overall just one big range (with smaller ranges within), OR, like today: Some small ranges.
Now, my main edge is profiting off of bigger moves and what I call "moving days" (= price doesn't stay in one range). This doesn't happen often, that's why I don't trade all the time.
That's also it is SO important to look at the opening price action and bullish/ bearish momentum, as it can often give us a picture of what COULD happen. And to noone's surprise: An opening like today, or overall a rangy/ no momentum ahh opening often signals a rather ranging day.
That's why I am now creating a really simple strategy based off of these ranging conditions. It's really just raw price action mixed with momentum and chart analysis.
I'm gonna post more often now, it is actually pretty fun. This is also for my astonishing 13 followers 💯
I'm basically just going over everything that has happened today.
So, as explained: Overall condition was ranging, although we had some bullish movement quite recently. This basically is just telling me that the price action today has a higher chance of ranging. Now, almost everyday price will start to consolidate in some sort of way after the opening (or even hours after it). This can be in form of tilted ranges to the upside/ downside, or overall just one big range (with smaller ranges within), OR, like today: Some small ranges.
Now, my main edge is profiting off of bigger moves and what I call "moving days" (= price doesn't stay in one range). This doesn't happen often, that's why I don't trade all the time.
That's also it is SO important to look at the opening price action and bullish/ bearish momentum, as it can often give us a picture of what COULD happen. And to noone's surprise: An opening like today, or overall a rangy/ no momentum ahh opening often signals a rather ranging day.
That's why I am now creating a really simple strategy based off of these ranging conditions. It's really just raw price action mixed with momentum and chart analysis.
I'm gonna post more often now, it is actually pretty fun. This is also for my astonishing 13 followers 💯
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