Kardec Trader explains why most traders miss the best entries and shows how to spot them using price action and volume. He walks through an NQ trade setup: entering long on a signal candle, placing your stop below it, and holding through drawdown for a bigger move up.
This is our weekly candle. We get a ton of volume. The market came into it, and we're expecting something like this. If I wait, it's very unlikely. If this is a signal candle, an up candle, this price here will never get retested. Now, these prices might get retested. We'll even see, like 80% retest, especially on NQ. I trade NQ a lot. So what happens is, is your bracket is literally just. I go. I go long here because I get the signal and my stop is just here. And I'm willing to eat all of this as drawdown, expecting us to go way up here.
