Why Most Traders Miss the Best Entries (And How I Don't)
The obvious trade is usually the right one. A look at a clean 15m support setup on NQ and why waiting for confirmation costs you money.
I have a few simple strategies. Mostly one, to be honest. The picture below is not the one, but it is a high-quality "A+ Setup" I trade when necessary, and I hate even calling it that — hence the quotations. It's an obvious setup.
Look at that entry. The market opened, pumped a little, couldn't quite get to the moving average, then dumped down to obviousville. Looking at a 1m chart it probably looked deadly. Candle after candle, just blood red.
That's a 15m chart. Solid, obvious level right there to the left. That time, the market, for some reason, decided to reverse from that bear candle, trapping sellers, and never gave those sellers who thought it would continue an opportunity to get out. That day, anyway.
The next day, the market came right back down to that close and let those boys out. Rookies jumped out before the close. Professionals waited calmly through the night. And a few days later, I made $400.
The obvious trade is the trade.
I just don't understand why I don't see the internet flooded with pictures of trades like this. Everyone's always waiting for confirmation or some weird ICT pattern. "Discipline," they say. Do you want to make money?
What's the most OBVIOUS trade at the moment? It's THAT. In the first 15 minutes of the day. That's 15-minute support right there. Strong support for smaller time frame scalpers. The market comes down to an obvious spot like that and reacts.
I'm not trying to write a book on support and resistance, but if you're looking for a strategy, there's not much more obvious than this. Get in at a clear, strong 15m area of support for a few ticks on NQ.
It doesn't always work — and that's okay.
Sure, it doesn't always work. Sometimes it runs 500 more ticks after your exit and you question your entire existence. Other times the market ignores the level completely and you lose. But every now and then, if you're watching and ready… it works.
And it reacts just a little bit for you.
That one strategy I trade daily, no matter what:
Get The System →Past performance is not indicative of future results. Trade at your own risk.