Try the Symbol QQQ should be the Nasdaq 100 or $NDX. It's a hard future to trade, doesn't run on enough for my likings very stop and start aswell, momentum doesn't work well at all.
"It's a hard future to trade, doesn't run on enough for my likings very stop and start aswell, momentum doesn't work well at all."- I didn't read far enough to see JS' follow up chart- Thanks- for the suggestion-Not for me to trade-personally I was hoping I could chart some of what I was suggesting as a specific illustration- limited sector etf's are my focus-EOD /trades-when I get some consistency- I may venture into other arenas- some time down the road. I definitely prefer to venture in where the position gives multiple trending days- OF course, I'm not viewing those on a 5 minute chart either- A question-if you don't mind total ignorance? what is the $$$ value of 2 points gain on a futures trade? Is a 2 point gain the same net value across different futures- or does it vary on the underlying price level? What are the commission costs typically? Just curious Thanks -SD
It was aimed at JS I trade Spot not futures so I can trade at any price, I think NQ is $12 per pt, YM $5 but it's been 10+ years since I had a expensive future account. No idea at all on commisions currently.
I'm Learning a bit here-slowly - Spot meaning commodities markets? Looked up a definition and Spot also references currencies? Which do you favor? AGain, just curious- Thanks
Spot is cheap and cheerful, Forex broker, which also lets me trade a few CFD's, I can trade from 10cents per pip to $100 per pip. GBPAUD is about the only 1 worth trading these days, Forex used to be wild but these days it's pretty much random chop, picking up a bit recently though.
4Nov Hindsight look. Some signals I saw. In hindsight. It seems with NQ there is very often a Pre Mkt trendline that is very important usually left over from prior day's trading.
5 NOV prep. Daily uptrend broke with yesterday's low. Could revert to mean of uptrend channel. Something to keep in mind. Not in one day of coarse. But ya never know. Prepped some charts, move this line there yada yada. I'm ready to do well tomorrow morning. Up early, head cleared, follow price, identify signal, enter, manage, exit. Trading zone in yellow, has been an area of S and R back and forth for a while now.
Good lad on being up and awake, thats my main issue. sim or Live ? Down so far today, 6second till SL hit, annoying or what lol Kick ass!
premkt broke that old channel. Attached is what I'm looking at going into this morning. Goals for This AM: 1. Disciplined and Focused 100% 2. Identify Signal: Must be CLEAR. Not certain, but CLEAR. Unclear stay out, patient, and realize the market will still be here should I choose not to enter. 3. Enter and Manage