20220512
Short 3 MNQ 11852.5, 11852.5, 11852.5, -5.25, -5.25, -5.25,
Short 3 MNQ 11878.75, 11878.75, 11878.75, -5.25, -5.25, -5.25,
Short 3 MNQ 11897.5, 11897.5, 11897.5, +93.5, +93.5, +93.5,
Long 3 MNQ 11768.5, 11768.5, 11768.5, +55.25, +55.25, +55.25,
Total MNQ +414.75,
Some have asked me, regarding my default MNQ target, why "55.25". All trades are taken with a default stop-loss and default target, within an Automated Strategy for each execution , filled each time as an OCO, one-cancels-the-other. Over the course of recent months, I've stretched the default target from +25 to +40, and not to +55 (55.25, actually), just trying to keep pace with the expanding wave fractals in this amazing period of volatility.
It was probably time to move that to somewhere nearer 70 some days back, but I've gotten comfortable with a default target in the 50 pt range because, when an intraday swing has been correctly positioned for, 50 points turns out to be rather conservative, if not a bit 'skittish' on my part.
Keep in mind that I tend to focus on only the 1st Frame, and never hold positions over night, where, granted, the swings are now in multiples of hundreds, ....but so are the risks...
Taking a few days off to visit relatives in the coming days, so want to wish good trading to all as these summer days are fast coming on.