sigh .... cannot trade NQ . data feed to ladder good but super rapid. data feed to charting software disastrous ! missed the 935p down signal. missed the 945p reveral up signal. you can earn thousands of dollars from these 2 signals. during super bear, situation will be much much worse! computer might FREEZE for MINUTES !!!!! that's problem when trading at home. those traders in trading house should be very happy. alternatively trade the slow moving ES and YM. hmmm. for today market, must increase your stop loss by at least 3 times ! luckily I managed to short Natural Gas
cont ... more signals .... copper up again 947p es ym rty up 949p (seems like they are laggards) nq reverse down 1011p NQ reverse up 1030p NQ reverse down 1058p This data lagging problem is a very serious problem during super bear. You either earn thousands of dollars in one hour, or lost $$$. This is something I fear most. during super bear, billions of traders around the whole world would be trading, resulting in super huge volume, super high traffic and your charting software would simply freeze. already reconfigured my charts so that I have better overall view.
12 Oct NQ signals This is what day traders do; analyse past few hours chart, then get ready for another day. These are all the NQ signals down 927a up 1013a up 201p down 345p down 501p up 815p down 935p up 945p down 1011p up 1030p down 1058p up 1143p down 210a (but this signal is not that obvious because market is choopy). There are many more signals which I didn't include esp those towards end US session. Some of the signals are from the text book. there are some signals which are impossible to catch unless you trade in trading house with high speed internet and powerful computer. if you try to figure out where are the support and resistance lines and draw fibonacci lines here and there, you will probably get headache. because when emotions are soo high and intense, there is no such thing as support and resistance and levels. heavy scalpers can probably generate hundreds of signals. day range shrinking from 410 pts to 230 pts
Day 3 of market 'crash' - Asian session day range shrinked drastically, making trading impossible. perhaps big boys went for extended tea break. or they went to the bank to withdraw $$$ from their trading accounts. whatever it is, day range will shrink let's see what happen during mid session. NQ up @645a ( signal come just after opening). shorted gold @916a.
cont ... NQ up 645a (opening trade) NQ up again 808a gold down 916s (scratch trade) RB gasoline up 817a ( this signal totally not obvious. strange .... who longed it? price keep on going up with zero retracement ! also RB seldom move during Asian time) Taiwan Index up 909a <<<< mega star performer ! Hangseng up 1134a Taiwan index up again 1134a IN nifty up 1145a copper up 1151a NQ up again 1247a Hangseng up again 103p
Day 3 of market 'crash' - Eur session NQ - during asian session, it was up. will it continue to go up? reverse down? or sleep? No idea. Now it is around temporary resistance line 7140. gold - yesterday long blue candle. crude oil, dax - laggard?
NQ Market crash review day 1 US session Tsunami down wave #1 starts 717p Tsimami down wave #2 starts 213a day 2 ( five swings ) swing up starts 138p swing up starts 731p swing down starts 1009p swing up starts 1143p swing down starts 209p day 3 ( 3 swings ) swing up starts 604a swing down starts 1158p swing up starts 303a day 4 ( 0 to 2 swings ?) swing up ? swing down ? day range day 1 - 410 points day 2 - 230 points day 3 - 165 points day 4 - 99 points ?
Last week NQ personality. It changes very drastically over time. Sometimes, we have to use 100V chart to detect signal. At times, > 1600V chart must be used. Sometimes, we can set stop loss at 5 points. At times, 10 points might not be sufficient. Sometimes, we have to use limit order for entry. Sometimes, we have to use stop order for entry. Sometimes, we have to chase after the market immediately at whatever price. Sometimes, we better take reversal signal. Sometimes, we better don't take reversal signal. Mind agility soo important. because market behaviour can change. At times, not easy to detect its change of mood. Most trading coaches and trading materials wouldn't talk about all these. Well. just have to be alert to market mood changes. Market has feelings, and trading is an art not science. One of my coaches ( a successful trader ) sold option heavily when Nikkei crashed years ago due to Tsunami wave ( real wave ! ) and earnt tons of money. He understood market behaviour / mood / personality. He earnt money mainly from major events / news.
15 oct week opening session shorted NQ @ 604a didn't manage to catch crude oil up signal @ 603a gbp gapped down. Natural gas gapped up. OK. back to sleep again. Later let's see what the Japanese are going to do.
15 oct Eur session summary of signals so far ... crude oil up 603a NQ down 604a gold up 800a ( last wk long blue candle ) NK down 807a crude oil reverse down 810a (perhaps index down?) NQ down again 827a simsci, taiwan index down 848a Hangseng down 932a simsci reverse up 946a Hangseng reverse up 950a ( subsequently movement very erratic) IN Nifty down 1203p NQ down again 132p gold up again 200p IN Nifty up 228p Italy btp up 315p NQ down again 340p IN Nifty up again 344p 17 good signals already. How nice if I could catch > 1/2 of these. NQ - Inside day, but still very tradable and trendy. For today, cannot target RR ratio > 5:1