Preparation for the coming mother-of-all mega Tsunami down wave, start of recession, or whatever catastrophic event. Yesterday I was not well prepared. so .... The To Do List : compress the Index futures big volume chart Y axis - completed It will be better if I have 42" monitors, portrait format plus an extra tall chair. compress the ladders - unfortunately can only be done for some trading platforms Include Asian and Eur Index Futures for trading during US session - completed be mentally alert for the coming mother-of-all Tsunami down wave. As what the book says, there wouldn't be any pre warning for the coming - ongoing mind to be alert and agile, assess the situation on real time basis and if necessary, increase stop loss massively by 2 to 5 times immediately - ongoing Waiting starts .... ____________
24 Oct NQ 2nd dominant candle analysis day range Day 1 (24 Oct) 395 points < Dominant candle with 2 mega Tsunami down waves Day 2 (25 Oct) 260 points - multi waves up, then reverse down with tens of signals Day 3 150 points? Day 4 Target for day 3 - catch > half of the signals
26 oct mid Asian / Eur session sigh ... missed multiple signals as I was out to run some errants for my kid. Luckily managed to short India Nifty. copper, oil ... seems to be laggard. Lead being Indices. Italy Btp still having healthy day range. Will focus on Indices. seems like I might miss my Target for day 3 " catch > half of the NQ signals ". So better trade non stop next few hours.
26 oct US session NQ status so far .... first down wave at 1115am Asian session (correlated with other asian indices) 2nd down wave at 514pm and down again at 523pm Eur session 3rd down wave ? seems like NQ now forming bear flag? I will not touch oil, gold, copper, dax, eur, gbp futures Italy btp sleeping.
NQ cont ... this bear flag turned up to be almost like bull channel so much difference trading NQ during asian and Eur session vs US session.
24 Oct NQ 2nd dominant candle analysis day range and comments : Day 1 (24 Oct) 395 points - Dominant candle with 2 mega Tsunami down waves Day 2 (25 Oct) 260 points - multi waves up, then reverse down with tens of signals Day 3 - 250 points - 5 big swings. So the effective day range is ~ 1000 points !!! Unfortunately there were many fake signals OK. now compare NQ vs ES YM RTY HANGSENG NIKKEI dax ... most trendy futures goes to Nikkei and Hangseng !!! well. good to see traders go smoothen out the Nikkei and Hangseng and make it presentable and good looking. What interesting strange world : NQ - avoid trading during US session. Trading during non US session. US session - don't trade NQ. Trade Asian index. Day 4 ?
NQ dominant candles date / day range 10 oct, 410 points. 2 tsunami down waves 24 oct, 390 points. 2 tsunami down waves 29 oct, 410 points. multi waves down with last wave being most powerful (ie different from what textbooks say). ie very important to trade few hours before market close. as usual many fake signals during US session, and not straight forward to catch the good signals. 29 oct trendiness analysis, US session : ES YM RTY NQ all exhibited similar pattern ; retracement pattern very messy. lots of fake signals. very challenging to trade. simsci, taiwan index, Nikkei - nice retracement pattern. HKFE - hmmm. they still haven't extend their trading hours. wonder what's in their mind. conclusion : US indices - trade during non US session US session - trade Asian indices. so don't need to crack our brain trading. 30 oct Asian session as usual, market will gap down. first 1/2 hour, very challenging to trade.
NQ analysis date / day range 10 oct, 410 points. 2 tsunami down waves 24 oct, 390 points. 2 tsunami down waves 29 oct, 410 points. multi waves down with last wave being most powerful 30 oct, 190 points. extreme chaotic movement. there were thousands of fake signals. As mentioned ... US indices - trade during non US session US session - trade Asian indices. so don't need to crack our brain trading.
30 oct summary of signals NQ up 835a Hangseng down 934a Hangseng, China A50 up 1030a Hangseng reverse down 135p gold down 338p Germany fgbx down342p dax down 429p Italy btp down 503p germany fgbx reverse up 518p gbp down 557p crude oil down 557p copper down 815p Natural gasup 822p NQ down 836p Natural gas reverse down 928p Some good signals during Asian session. Good job Asian session! Lots of signals during Eur session. great job Eur session ! also thousands of fake signals from US indices during US session. No thanks fakers !!!! ___________