@SooTrades Thank you Soo! My SL definitely could have been wider on this occasion upon reflection.
I don't seem to do well with re-entries after I take a loss (something I need to work on), but for the meantime I'll adjust my SL. Thank you so much for the feedback!
Loss to start off the week on MNQ. Targeted Asia Lows.
Still getting used to trading futures as I've only recently started trading it. Would appreciate any advice with entries as it move differently to how I'd enter on fx
That was a great setup you had marked up. Getting wicked out right before the price hit your target is frustrating. NQ / MNQ often wick to take liquidity before it makes its move. Sometimes a wider stop loss helps. Or, look for a reentry if you like to keep your stops tight.
Also, MNQ may offer crazy wicks that don't happen on NQ. Be prepared for that as well.
I've been missing sooo many good setups on gold & mnq on the M1 because of having work meetings during ny session. Wonder if anyone has any advice on how they've worked around this if they work a 9-5?
How to confirm high or low of the day (daily candle wick)
CISD
- Asia (h1)
- London (h1/m30/m15)
- New York (m15/m5)
Candle Closures
- h4 closure
- h1 closure at POI
poi is more important on the h1 than it is on h4
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Stayed away from NQ & ES all-time high PA.
I took a counter trade long on gold this morning because the setup was clean. Only risked $100.
MGC: NY Session
🟢 $220
Setup:
• 5M / 15M MSS
• Rejected 5M FVG
• Took continuation trade off of 5M OB