Scalping NQ

Discussion in 'Index Futures' started by feb2865, Mar 12, 2007.

  1. feb2865


    Is anybody here scalping NQ??

    I would like to know how many contracts are safe and for how much you're shooting for ( 2 ticks, 4 ticks etc)

    I am just beginning to tip my toes on scalping.

  2. You will get killed unless you have a jiu-jitsu approach. Most moves happen quickly to trigger the universe of indicators, and price retraces to the entry point of the crowd. If you react, you are the crowd. If you think like those who make the NQ market with limit orders, you MIGHT make it. IMO you are better off trying to use classical TA to snag larger moves, going along with how the big boys want to paint the tape.
  3. feb2865


    yeah I was thinking on limit orders, not a chance to go market when you scalp. I trade intraday.

    I am allergic to indicators...only S/R here...that's it
  4. Sorry. Misunderstood. I use limit orders for the guaranteed fill. I suspect that the book gets pretty deep at potential classical turning points. Please keep us advised of your adventures! Not many people trade NQ here, or at least will admit to it!
  5. feb2865


    I trade ER intraday..I love it

    I was looking at NQ 'cause I see good liquidity and it trends very good. I have a plan for 2 ticks /14 contracts with a tight stop-loss but I am just guessing here. I just wanted to know if anybody has try this before and ho loaded you ca go without risk of slippage.
  6. Short question, hope you don't mind the hijacking.
    Do index futures like NQ have time value like options? I see that the current march contract is at 1757 while the june is at 1778. So if the index is at exactly the same point as it is now 3 months from now ( in june ), will the june contract be worth the 1757 the march is worth now (so that those extra 21 points were time value)? Or will it still be worth the same 1778 it is now?
  7. ssss



    Is anybody here scalping NQ??

    I would like to know how many contracts are safe and for how much you're shooting for ( 2 ticks, 4 ticks etc)

    I am just beginning to tip my toes on scalping.


    Subscribe without charge to real quote paper game with integrated lifo rule 14 days
    CTS from mirus 30 days
    transact at from infinity ,TA,PA

    Perform more as 1000 operations .Do not start with scalping
    but on news trend folloving ,try find correlation with qqqq
    in best time 8.00 NY - 11.30 NY

    Each day only 3 attempts .

    1 point NQ risk (20 $) for 3-4 points reward
    (classical WS approach)

    or 1 point risk for one point reward

    One of possible stop loss policy - position advanced
    one point ,stop loss advanced one point .

    After multiple 100's operation's,possible you find what is suited for your personality.

    Or take study by

    Your respectfully
  8. feb2865


    I appreciate your help but I really don't understand your post.

    I am simply looking at risk of slippage and how many contracts do traders play . You're talking about 1-2 full points, I am talking about ticks

    Thanks anyway
  9. ssss


    Sorry error

    1.integrated lifo rule

    must read integrated fifo rule

    2. Not forget Shanon/Kelly therem about risk/reward

    3.You can play contest by

    But not send any cent ...

    Play small contest without charge,if you win 4-7 place
    you can play great contest for 1500$ reward without charge.

    Author account was blocked after 2000$ win .

    All what related to scalping ,related to latency and you would
    dissadvantaged to professional .

    Not pay for any platform(X-trader 650$ &) any cent

    Try all with paper game .

    Simple try to find correlation in best time between news ,intc,msft,dell,qcom,qqqq,zgj7,qmj7,edz7,ecm7,daxm7,lftm7,
    gmcth7 and enm7 .

    For one year of paper game possible you find ,what you need

    IF you start with 2000$ ,which you win in contest you can
    hold losing streak 50 time's in row .

    Start real money trading only with one enm7 and margin 500$
    (but this margin is reserv ,it must not to be used !)

    If you would profitably after 100-500 operations ,you can take
    2 contracts -step by step

    2-4 tick by enm7 are 10-20$ or half point can try to
    go half point risk for 1.5-2 points reward .

    But only in best time and in best situation try to catch movement .

    Not forget ,all future broker's are FCM (trade against clients from proprietary account).
  10. feb2865



    Here's the thing

    seems like you're trying to tell me(or sell me at this point I don't know) something and I don't understand...all I get is correlation which as to me just serve as to give me headache.. I am not looking at "how to scalp" I already have that.

    I am not looking at any contest, etc...all I want to know is about traders scalping NQ and what is a reasonable amount of contracts and profit targets in order to compare their notes to mine. I am not looking to open an account to any broker. I am happy with mine.

    well, thanks anyway

    if anybody can contribute to my question will be really appreciate it

    #10     Mar 12, 2007