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ES vs NQ/YM


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ES vs NQ/YM

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  #31 (permalink)
Howard Roark
Oslo Norway
 
 
Posts: 244 since Aug 2018
Thanks: 228 given, 226 received


chartmojo2 View Post
Helps to also have some mental "templates" to "view" through especially with nq. Something like.."price tends to move from confluence to confluence in waves and patterns in certain time zones thru the day. What confluences?..well vwap, and 50% or ranges, both the days and the big leg or wave you are in at any moment. Point of control being another and often moves to the other two. Also the opening 1 min range etc. Why does price move to those because traders are there, thus orders. They trade away from them, to them and around them..in front of them..more traders = more orders means more "gravity" or "pull". This means more targets, entries, exits, buys, sells etc at and around the confluences. Those rule over ma's. If you think about there is always an ma in some time frame on some price, but they are "incidental" oompared to those mentioned above. If a "popular" ma is alligned or confluencing it will have more "gravity" ..because more traders are there. NQ is fast and initially looks random and wlld but really its not. Its the best mover with more opportunity but can be very volatile off a catalyst. Once again, takes al lot of observation and it really has to fit with your personality/abiltiy/inclinations/platform. Some traders will watch say Nq, ES, YM and maybe a few others and they will take the one that is behaving best..steepest trend, whatever. I prefer to just focus on nq and maybe es. Whatever it is. first one has to see it, something...then be able to trade it. Two distinct skill sets. Once again some things work some of the time and you can have an edge but there still will be a randomness to the distribution of the winners within your edge. One can know everything there is to know about say nq and still not be able to trade it. Which one's best? NQ, ES etc....the one you are able to see and trade best.

You're making some informed comments here. Thank you!

I do not use MAs, but I recently gained access to the VWAP.

Would you say the VWAP is of any significance on index futures?

I'm ready to give it some study...

Thanks.

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  #32 (permalink)
 chartmojo2 
Missioul Montana usa
 
Experience: Advanced
Platform: Ninjatrader and others
Trading: nq, es, Hype cool runner Ipo's months out short into lockup expirations. UVXY, TSLA options
 
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Yes I would have vwap on a chart, also developing point of control from volume profile and mid point or mid range line. What you'll find is that when price unwinds it tends to regress to the space between vwap and 50% of days range and often then pulls point of contol poc there as well...that is a confluence that has gravity. The day has these which I always run. but also each run, leg or wave has its own .You can use somethng called an anchored vwap and start it from the last hgh or low,, that coupled with the vol profile/and poc will often give you a likely retrace zone..thats the tendency if it goes shy of that or further that will reveal bias.

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  #33 (permalink)
Howard Roark
Oslo Norway
 
 
Posts: 244 since Aug 2018
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chartmojo2 View Post
Yes I would have vwap on a chart, also developing point of control from volume profile and mid point or mid range line. What you'll find is that when price unwinds it tends to regress to the space between vwap and 50% of days range and often then pulls point of contol poc there as well...that is a confluence that has gravity. The day has these which I always run. but also each run, leg or wave has its own .You can use somethng called an anchored vwap and start it from the last hgh or low,, that coupled with the vol profile/and poc will often give you a likely retrace zone..thats the tendency if it goes shy of that or further that will reveal bias.

Thank you.

I will keep this in mind in my studies.

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  #34 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
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Howard Roark View Post
You're making some informed comments here. Thank you!

I do not use MAs, but I recently gained access to the VWAP.

Would you say the VWAP is of any significance on index futures?

I'm ready to give it some study...

Thanks.

There's a long thread that goes into this question in some depth, here:



It does wander around into side issues sometimes and got partially derailed a few times, but it is worth your while if you stay with it. Some of the applications of VWAP in the thread are perhaps over-complicated, but there's a good discussion nonetheless.

Bob,

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  #35 (permalink)
 chartmojo2 
Missioul Montana usa
 
Experience: Advanced
Platform: Ninjatrader and others
Trading: nq, es, Hype cool runner Ipo's months out short into lockup expirations. UVXY, TSLA options
 
Posts: 20 since Feb 2016
Thanks: 2 given, 50 received

Yes indeed it wanders as do most things and looks random initially but over time one can or may get used to its action. It does have gravity by its nature and definition as do other things that are pulling like poc and 50% range etc. Look for the confluences and the space between vwap and 50% of ranges. Price will often regress to that. Helps to know if you are in range 70-80% of the time vs trend, big order flow agenda 20-30% of the time.

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  #36 (permalink)
 chartmojo2 
Missioul Montana usa
 
Experience: Advanced
Platform: Ninjatrader and others
Trading: nq, es, Hype cool runner Ipo's months out short into lockup expirations. UVXY, TSLA options
 
Posts: 20 since Feb 2016
Thanks: 2 given, 50 received

Chart Mojo Neutral Unwound Cloud
If you can open that you can see the indicator I created the Chart Mojo Neutral Unwound Cloud..see how many times price unwinds to it there is a whole art to how traders trade to, away from , in and around it. Its the ornage cloud the yellow horiz cloud is the opening 1 min range. The other big gravity. Cheers Trading view chart. It is the space between the vwap and 50% of days range. Every big move or wave has it as well..this is intraday example and updates in real time thru the day.

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