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NAS100 NASDAQ100 ONLY (ND and NQ Futures and CFDs)

  • #21
  • Jan 14, 2016 2:58am Jan 14, 2016 2:58am
My thinking is that there are a lot of sell at market open of the underlying stocks today after all it's been through this year and after seeing/hearing/reading about yesterday's drop. All those retirement accts trading stocks with GOOG APPL and FB.... all those folks are selling today and through Friday. It could be ugly.
  • #22
  • Jan 14, 2016 3:10am Jan 14, 2016 3:10am
Dumb mistake. Was looking for home run trade on EURUSD with this drop in NQ and timing was spot on, but forgot that EA was sitting on this account and open, and it took me out with a hard profit of 41 pips instead of letting it fly. Market is now 60p up and still moving strong. Was looking for 100p move, instead, watching it fly without me. Slap me.
  • #23
  • Jan 14, 2016 3:13am Jan 14, 2016 3:13am
btw here's the BAM indi again...

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  • #24
  • Jan 14, 2016 3:28am Jan 14, 2016 3:28am
I am only short EU right now, which is probably a mistake. Undecided on indices. Would try some small long ones on nq a bit later. They don't seem to wanna break the floor so early.

BAM is yours, right?
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  • #25
  • Jan 14, 2016 3:54am Jan 14, 2016 3:54am
Shorted NQ at 4177 kinda in the mid of nowhere but think we could break 4000 in today's NY session and Friday/Monday would be ugly and then bounce back up.

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  • #26
  • Jan 14, 2016 3:56am Jan 14, 2016 3:56am
Quoting sakisf
I am only short EU right now, which is probably a mistake. Undecided on indices. Would try some small long ones on nq a bit later. They don't seem to wanna break the floor so early. BAM is yours, right? {image}

Yeah, BAM...I used to try to display that action directly on the chart but it was too up and down, yesterday it came to me how I should/could make it a histogram and BAM! It's an acronym for the indi, but if I say it, I give away the algo so I'll leave it there.
  • #27
  • Jan 14, 2016 4:02am Jan 14, 2016 4:02am
Changed my mind on the NQ short and closed at 1 tick profit. Instead went long on dollar.

That was a dump scalp. Back to original market view and position.

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  • #28
  • Jan 14, 2016 5:50am Jan 14, 2016 5:50am
Short NAS / Long EU is working out nicely now
  • #29
  • Jan 14, 2016 6:06am Jan 14, 2016 6:06am
Intraday cycle has changed to up at 4167 - 4170. Dollar is firming up as well.
  • #30
  • Jan 14, 2016 6:23am Jan 14, 2016 6:23am
Market is at decision point. Tried to scalp that run up but getting hit. Sentiment is down, so selling bounces now.
  • #31
  • Edited 8:52am Jan 14, 2016 7:14am | Edited 8:52am
What's your average stop limit? Nasdaq is more volatile than say dow or es. Can run 2-4 points (8-16 ticks) up/down at each moment even in clear trend. That's why I said in the other thread I have 12/20 tick stops. Depends on the time of the day (EU session 12, NY 20).

Waiting NQ to go to pivot. After pivot - if it gets it - max decline for me would be approx. 4207 before further up. Lining up opposite trades in EU. Would scratch it at 21 though (05 spot) if it keeps stalling.

edit: Closed EU earlier with small profit (8 ticks). Guess we should be seeing new lows in NQ & other indices. I should get rid of my bias
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  • #32
  • Jan 14, 2016 7:02pm Jan 14, 2016 7:02pm
Quoting Basill
{quote} Agreed. I would like to see a drop to the bottom of this wedge then a break-out long to confirm the trade. 4270 would be my aim. Daily pivot point at 4240 so expect a pull-back there. {image}
Had to wait a long time to get into the trade but worked as planned in the end.
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Look Left Trade Right
  • #33
  • Jan 15, 2016 9:44am Jan 15, 2016 9:44am
Missed a great one today while busy working on an EA, sleeping, shopping. Everything but trading...gotta automate and test these.

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  • #34
  • Jan 15, 2016 9:50am Jan 15, 2016 9:50am
Quoting sakisf
What's your average stop limit? Nasdaq is more volatile than say dow or es. Can run 2-4 points (8-16 ticks) up/down at each moment even in clear trend. That's why I said in the other thread I have 12/20 tick stops. Depends on the time of the day (EU session 12, NY 20). Waiting NQ to go to pivot. After pivot - if it gets it - max decline for me would be approx. 4207 before further up. Lining up opposite trades in EU. Would scratch it at 21 though (05 spot) if it keeps stalling. edit: Closed EU earlier with small profit (8 ticks). Guess we should...

For manual scalping stop up to 15.00, lesser is psychologically better of course, but in reality creates whipsaws for me. For EA on NQ which I'm testing now, whatever signals give, but no more than 25.00 which would be equiv to a 50 pip stop in EURUSD fx. EAs invariably turn into swing trading positions lasting hour and overnight.
  • #35
  • Edited 1:45pm Jan 15, 2016 1:27pm | Edited 1:45pm
Quoting Pipologist
{quote} For manual scalping stop up to 15.00, lesser is psychologically better of course, but in reality creates whipsaws for me. For EA on NQ which I'm testing now, whatever signals give, but no more than 25.00 which would be equiv to a 50 pip stop in EURUSD fx. EAs invariably turn into swing trading positions lasting hour and overnight.
TP's? 1:1 or higher?

Today was a good shorting day. I did crap though, didn't want to commit to any trade so just scalped 2-3 points, up 500 > minus 450 > up 400 again. But paid another ~200 in commissions At least I didn't do NQ to get bounced around my sl's all the time.
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  • #36
  • Jan 18, 2016 7:46pm Jan 18, 2016 7:46pm
Quoting sakisf
{quote} TP's? 1:1 or higher?{image}
Sorry for late reply. Haven't been checking in much last few days.

Yes. TP on that stop range is more than 1:1, close to 2.5 or 3 and sometimes more but not less than 2.

Sometimes I'll go 1:1 on a 100 point range but have indis reverse mid trade. So it's almost like only having a critical safety stop in case all hell breaks loose.
  • #37
  • Jan 18, 2016 8:08pm Jan 18, 2016 8:08pm
Quoting sakisf
{quote} TP's? 1:1 or higher? Today was a good shorting day. I did crap though, didn't want to commit to any trade so just scalped 2-3 points, up 500 > minus 450 > up 400 again. But paid another ~200 in commissions At least I didn't do NQ to get bounced around my sl's all the time. {image}
Your entries are looking good!
  • #38
  • Jan 20, 2016 10:58pm Jan 20, 2016 10:58pm
Guys check out nikkei gap up....by shorting it to close the gap, nasdaq never fail to follow it, have been analyzing for more than a year already.
  • #39
  • Jan 21, 2016 1:54am Jan 21, 2016 1:54am
Quoting txy1988
Guys check out nikkei gap up....by shorting it to close the gap, nasdaq never fail to follow it, have been analyzing for more than a year already.
Most indices go the same way, following one or another. When trending Nasdaq is usually the fastest to go in one direction. Been checking the spreads between ES/NQ, ES/YM & ES/DAX and it seems that it's first NQ to drive to the trending direction, followed by DAX, then ES, then YM.

As soon as the spread between NQ/ES & ES/DAX starts to normalize and go the other way, then we are in reversal mode.

For Nikkei I am only watching the night pattern as I don't have Chinese stock charts.

Been watching the spreads for last couple months and taking notice, not using it yet in my trading though.
  • #40
  • Jan 21, 2016 5:13am Jan 21, 2016 5:13am
Quoting sakisf
{quote} Most indices go the same way, following one or another. When trending Nasdaq is usually the fastest to go in one direction. Been checking the spreads between ES/NQ, ES/YM & ES/DAX and it seems that it's first NQ to drive to the trending direction, followed by DAX, then ES, then YM. As soon as the spread between NQ/ES & ES/DAX starts to normalize and go the other way, then we are in reversal mode. For Nikkei I am only watching the night pattern as I don't have Chinese stock charts. Been watching the spreads for last couple months and taking...
Nikkei is Japanese and some of those larger companies you should be able to get stock charts on....Sony, Toyota, Nissan, Honda, Toshiba, NEC, Fujistu, etc...

Quoting sakisf
{quote} Been checking the spreads between ES/NQ, ES/YM & ES/DAX and it seems that it's first NQ to drive to the trending direction, followed by DAX, then ES, then YM. As soon as the spread between NQ/ES & ES/DAX starts to normalize and go the other way, then we are in reversal mode.
Interesting analysis will look into it.
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