Jordan Schleider NQ Trader on Price Action Trading.
Hi all I am Jordan Schleider founder and head trader at NQ Trader. NQ Trader is a boutique futures trading school. We specialize in teaching and trading price action which is a form of technical analysis. Price action trading looks at candles and price movements to determine reversals of price movement. The system itself is extremely accurate at predicting price movements up to the tick.
I trade an E-mini futures instrument called the NQ and I scalp it, which means trading for very small targets. The NQ is considered an equity index in the financials class of the futures market. While similar to commodities in design it has much more liquidity. It also falls into a similar category as Forex but tends to be a much easier instrument to make money at consistently.
Over the years I have developed a very exacting system or strategy based in price action and the compiled statistics of past price movements. Using these statistics I produce exact entry and exit points for all trades with a complete set of rules governing all situations.
Some of the ways I use to spot entries are by using trend lines. Trend lines on the surface are a very simple concept. You look at a trend and expect it to maintain the direction of the trend for a period of time. Let’s try and imagine a mountain rising up out of the ground to a peak. It might look like a giant capital A. The trend would be a line running up or down the right or left side from top to bottom or bottom to top.
The idea is that if you continue this line from the bottom up it would be consistent for the most part. There might be times when the side of the mountain drops away or rises above the line, but it always returns back to center. These small deviations away from center are where we look to make money. As we see the price fall away we might take a position long, waiting for the price to move back to center. As the price increases or moves back to center we take our profit.
Alternatively, when the side of the mountain rises too rapidly above the centerline or trend line, we might take a short position, and then we would be looking for profit as the price falls back in line with the center or trend.
This is just one of the many ways to look at price movements to determine trend and be able to make money in the futures market. Price action also works well in many other markets for spotting entries into trades.
If you are interested in learning more about trading futures or price action trading you can always contact me at NQ Trader. Once again my name is Jordan Schleider. The name of my futures trading school is NQ Trader. My email address is Jordan@nqtrader.us or you can reach me by phone at 1-754-800-1810.