NQ - 15 Minute - being lit up by Algos happens to everyone
NQ tested Support on a 51 Tick Front Run of the Price Objective below 300.
With the 10 Year Note Yield ROCs in action and busting through 1.666 to 1.6790.
I took the RISK on it holding for a while. This was not to be and although it
began a retracement... the VXN came off its lows into the EU Session Close
and provided Exit 42/52 NQ @ 401.5~
The retest of the 15441 level was exceeded by 4 Ticks.
At that point, the losses had compounded to a large drawdown, having had to average up
while NQ beat me with the Ugly Stick.
Again, patience prevailed as the EU Timeframe provides Profit Taking for that side of the
Pond.
The AIQC is exceptional at making us Blink, but IF and only IF we are impatient.
My Stop was well above @ 15518 as the Risk/Reward Ratio for today's Trade Plan was acceptable.
The simple and obvious point... Have a Plan, Manage your Risk, Expect the unexpected, gulp down
a further helping of Patience and watch all corollaries as they ALL matter.
Not every day is a winner, the objective is simply to have far more winners than losers.
Some days, require trading our way out of our messes.
We see the levels and know the objectives as they change.
Obey them, even this can fail. It's far from perfect, quite far indeed.
I'm sharing to provide insight as to how wrong/right can be by the MATH.
More often than not the AIQC has other ideas :)
Position - 10 NQ @ 15401.55
HODL and Press today on VXN / TNX.
TSLA Puts went on to 20% with a 80% position for DEC Strike
SMH Received the same - 20% with same Strike Month Bias
QCOM - Ditto
NQ 250s wide open - HK
With the 10 Year Note Yield ROCs in action and busting through 1.666 to 1.6790.
I took the RISK on it holding for a while. This was not to be and although it
began a retracement... the VXN came off its lows into the EU Session Close
and provided Exit 42/52 NQ @ 401.5~
The retest of the 15441 level was exceeded by 4 Ticks.
At that point, the losses had compounded to a large drawdown, having had to average up
while NQ beat me with the Ugly Stick.
Again, patience prevailed as the EU Timeframe provides Profit Taking for that side of the
Pond.
The AIQC is exceptional at making us Blink, but IF and only IF we are impatient.
My Stop was well above @ 15518 as the Risk/Reward Ratio for today's Trade Plan was acceptable.
The simple and obvious point... Have a Plan, Manage your Risk, Expect the unexpected, gulp down
a further helping of Patience and watch all corollaries as they ALL matter.
Not every day is a winner, the objective is simply to have far more winners than losers.
Some days, require trading our way out of our messes.
We see the levels and know the objectives as they change.
Obey them, even this can fail. It's far from perfect, quite far indeed.
I'm sharing to provide insight as to how wrong/right can be by the MATH.
More often than not the AIQC has other ideas :)
Position - 10 NQ @ 15401.55
HODL and Press today on VXN / TNX.
TSLA Puts went on to 20% with a 80% position for DEC Strike
SMH Received the same - 20% with same Strike Month Bias
QCOM - Ditto
NQ 250s wide open - HK