Must be time to short the NQ.

Discussion in 'Index Futures' started by Overnight, Jul 9, 2019.

  1. dozu888

    dozu888

    What is the 'ultimate music'? of course there is the personal taste... but is it even possible to answer this question.

    For general genre - it has to be the classical, the only one that has passed the test of time; among the classicals, Mozart is the top genius by far - his understanding of emotions and composing techniques are unequaled; and the crown jewel of his output is the operas..



    the full version with subtitles


    that can lead into his other operas, concertos, symphonies, chambers, divertimentos, serenades...

    personal taste is a big factor of course, but Mozart can make everything else unlistenable.
     
    #41     Jul 10, 2019
  2. fan27

    fan27

    I hope you stayed long and have green on the board.
     
    #42     Jul 10, 2019
  3. Called it.
     
    #43     Jul 10, 2019
    fan27 likes this.
  4. trader99

    trader99

    I feel you! I don't hold NQ or MNQ overnights. But I still feel your frustrations with NQ whipsawing. I get this bullsh*t stuff happen to me all the time on an intraday basis. I stopped being bearish and nowadays try to go long on NQs,

    Pre-market I entered NQ at 7905.75. The trend is up. It wiggles around for a while. I told myself that a lot of time I sell to soon. The trend is still up let's hold and see. 13 minutes later I sold at 7896.50. I should have followed my 3-5min hold rule if it doesn't move in my direction then get out. Then at the open it went as low as 7887. I said whew. Saved myself 9 points.

    Then it zoomed up and went as high as 7948! wtf?!

    I'm no longer countertrend and losing big yet I still lose on NQ. wtf. I didn't get back in because I was focused on trading stocks which of course made money again. I feel like giving up on NQ.

    I should not trade NQ pre-market. Wait for it to open and see what's going on.

    Just now, I wanted to short at 7931.50 but got scared since I've shorted in the past on an uptrend. Now it's 7911. Which for a scalper is a nice ride.
     
    Last edited: Jul 10, 2019
    #44     Jul 10, 2019
  5. Your play COULD be right.

    We possibly have a "buy the rumor, sell the fact" situation and depending upon today's close, a "shooting star, 2x top rally failure". Don't know if that will turn out to be correct, but should be a consideration until/if negated. (Big, important tops are sometimes made of such things.)

    What we know for sure right now, as of this time stamp... Players have sold into this expected bullish news at an obvious technical resistance level.

    But will it stick? (Place your bet and spin the wheel.) :)

    Bottom Line... "Trade what you KNOW"... and KISS, as always.
     
    Last edited: Jul 10, 2019
    #45     Jul 10, 2019
    Overnight and _eug_ like this.
  6. dozu888

    dozu888

    am I the only guy seeing QQQ needs to go to 300 immediately to reach 'fair value'... and SPY to 500 for that matter.... all this in/out acrobat... for 25 cents a day... ain't worth it.

    the next leg CAN make financial independence... take out a home equity loan if you have to.... max out all in!
     
    #46     Jul 10, 2019
  7. Let's have another leg down first. US becomes socialist?
     
    #47     Jul 10, 2019
  8. dozu888

    dozu888

    Won’t happen. 2020 will be massive landslide as the dems have been hijacked by the extreme left MINORITY. Then 2024 Pence takes over.
     
    #48     Jul 10, 2019
    Clubber Lang and nooby_mcnoob like this.
  9. Overnight

    Overnight

    I did, moved my 50-point target to ~70.

    After getting it, I went long a bit later with 1 and lost ~27 points. So basically I got ~61 points on 3 instead of 70 points, heh.
     
    #49     Jul 10, 2019
    LS1Z28, trader99, fan27 and 1 other person like this.
  10. REDP1800

    REDP1800

    if you make money trading in something then work on what you are good at. a screw the nq.. in futures due to los volume you are a sitting duck. slippage and fees in the micros are exorbitant. only 5% of futures volume is retail. they know everything about your order..Everything. how? well they are 95% so they know what they are doing. stocks are way more anonymous
     
    #50     Jul 11, 2019
    trader99 likes this.