I recommend having the Crude Oil price always before you while daytrading the NQ..you need to be aware of the impact Oil is having on US markets like NQ ES and YM...there has been some amazing moves the market has taken in the opposite way of which the Oil price goes...also..good to be watching the Euro as well...these both effect the NQ intraday...any insight?
6 is as far as I can manage before my pecker starts shrinking up. So that's it for now. I could afford more, but no thanks.
Made 5 points on my first paper trade! doesnt mean much, but hey it was my first ever fake trade. Entered at close 1865.65 with a limit at 1870 and stop at 1864. My data is slow, but from what i can see i would have made the 5 points. 100 bucks is a 100 bucks haha. EDIT sorry not 5 points, 4.35.
I have heard/read this a lot too. About the trending and lest whipshaws. so far I have been focusing on YM but NQ is $5/min move. Looking forward to learning more about the NQ
run a chart comparing the QQQQ and SPY and also the QQQQ and QID and also the QQQQ and VXN...key set ups are found therein for trading the NQ
Here are such key symbols for obtaining setups to daytrade the NQ: Use them in Yahoo! Finance: ^IXIC ^NDX QQQQ ^VXN QID AAPL QCOM MSFT RIMM GOOG CSCO ORCL INTC EBAY AMZN ADBE DELL SPY ^VIX SDS
Holy cow. This is the first day in a long time I felt euphoria while the trade was going in my favor. I should have sold at that very moment. Went long early at what I saw as support. Scared me, but went with indicator. 1 at 1784 1 at 1789.5 exited 1 at 1831, and 1 at 1812.75 Sheesh, what a day. My 1831 exit was based on resistance and fibo numbers, and the 1812 was based on losing support late in the day. Should have exited that one sooner.
Items I use 10 up chart of the top 10 qqqq stocks on 5 min (with daily support/resistance on each) /clq, or oil vxn vix up vol (both naz and nyse) down vol (both naz and nyse) support and resistance levels on /nq I also keep up the /es with it's support and resistance. Sometimes /es will hit resistance, causing /nq to sell off, and vice versa. all charts are candle primarily trade off 15 min and 1 hr charts.