MNQ Ladder of Success

3 days ago

Entries: every ought and every five. i.e. every number divisible by 10 and every number divisible by 5.
Exits: 19 points for each and every entry.
Stop Loss: none
Entry type: stop market
Exit type: stop limit

Example

Let's say this bounces on 26220 with a high of 26243.
Entries will start @ 26245 and every 5 points thereafter.
Exits will start @ 26264 and every 5 points thereafter

You are now on The MNQ Ladder of Success. Once you reach the fourth rung you will have a revenue stream every 5 points. Until you don't i.e. after a pullback. When there is a pullback, wait for a bounce and start the process all over again.

If you combine this with A Pawn for a King trading plan your first entry will be -1 @ 26244.50. Beginning @ 26245 and every 5 points thereafter you will buy 2 contracts.

Raw numbers on a page can be confusing and intimidating. Demo trade this and you will see its simplicity.

Don't forget the Pawn is redeemable after a pullback.

3 days ago

Note

10.29; 14:00 FOMC announcement. Twenty-five basis point cut expected.

3 days ago

Note

Some say it could be a 50 basis point cut. Either number, the markets have been expecting a cut and will embrace the good news.

3 days ago

Note

It's all about the ladder. Entry every 5 points. Exit every 5 points. This is where success lies. This thing where you put a stop loss here and an entry there and a profit taker at 1.1 Rs, 1.2 Rs or whatever. Flee that thinking. Go to the MNQ Ladder of Success. This is an historical bull market. Trade accordingly.

Don't forget Buy the Dips, Pivots, Jokers, Breakouts and A Pawn for a King.