ES NQ Futures Trading

Discussion in 'Index Futures' started by Jahajee, Mar 26, 2009.

  1. Sell NQU9 market (1599.75)

    stop on half NQU9 positions @ 1617.50
     
    #521     Jul 23, 2009
  2. sell ESU9 market (976)


    stop on half ES position @ 984.75
     
    #522     Jul 23, 2009

  3. possible bounce later -- lower stop on this trade to breakeven --
    buy stop lowered to 976
     
    #523     Jul 23, 2009
  4. I am correct in assuming that because of the high ratio of commissions -- about five dollars in my case -- to tick size it is hard to scalp NQ for seven or eight ticks?

    I am still new to trading futures and it is appealing to trade a single contract with a $5 tick. That said, if experience has shown that this makes little or no sense, I do not want to reinvent the wheel; particularly if I am reinventing as a square or rectangle. Where's the circle?
     
    #524     Jul 23, 2009
  5. "Last but not the least, here is our Timer Chart. With NYSE McClellan Oscillator (MO) at +226 and NAZZ at +144, with CI Indicators lit RED, SPX at +2 sigma, NDX above +2 sigma, we are short-term overbought again. Just look at Up/Down MO for NAZZ, it is almost +210. With Volume, being a coincident indicator, we should brace for a pullback.
    Now with MSFT latest report, the TechLand recovery roadmap got a lot fuzzier. And with AXP and COF results showing consumer sector finances remaining in stress, the retail spending should remain below trend.

    Now I said the same thing some eight weeks ago and nothing happened. We simply traded in a range. This time, it may be different. Tomorrow could be for the history books as the spin meisters will try to put a fresh new lipstick on this pit bull."
     
    #525     Jul 23, 2009
  6. Loading the boat -- this appears to me to be one of the major turning points in 2009 --

    Risking about 12 to 15 % for a potential 25 to 30 %


    YES, it is RISKY but...
     
    #526     Jul 24, 2009
  7. small scalp trade

    short ESu9 market (971.75)
     
    #527     Jul 24, 2009

  8. stop 973.75

    target 968.75 OB
     
    #528     Jul 24, 2009
  9. Quote from mTrader09:

    small scalp trade

    short ESu9 market (971.75)

    stop 973.75

    target 968.75 OB

    ------------------

    well, that was pretty easy .. wish even 50 % of all trades were like that..
     
    #529     Jul 24, 2009

  10. close NQU9 1599.75 short @ market (1575.25)
     
    #530     Jul 24, 2009