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NQ traders let's talk!


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NQ traders let's talk!

  #1 (permalink)
JustJoe
Surrey BC Canada
 
Posts: 4 since Jul 2012
Thanks Given: 20
Thanks Received: 0

As I get my feet wet in the index market I have chosen to focus on the E-mini Nasdaq. So, I am looking for traders to discuss strategies and share information on wins and losses so we can all benefit.

Right now I am using Firetip platform and within that using a 450 tick chart with a 50 day am along with a slow stochastic and the MACD as my primary chart. Also, I have a 1 & 3 minute chart open with a slow stochastic and the MACD, I use these as my early indicators.

I'm looking for 3-5 good trades a day and I have my stop @ 2 and my limit @ 2.25.

So there you have it. Tell what you think about my setup good or bad and feel free to make suggestions. Or, just tell me about your NQ experiences, the floor is yours.

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  #3 (permalink)
 Luger 
Nashville, TN
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: NQ ES
Posts: 468 since Feb 2011
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You should know AAPL really well since it is about a 20% weight in the index.

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  #4 (permalink)
JustJoe
Surrey BC Canada
 
Posts: 4 since Jul 2012
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Luger View Post
You should know AAPL really well since it is about a 20% weight in the index.

Are you saying that AAPL is a good indicator for how the NQ will perform?

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  #5 (permalink)
 
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 Fadi 
Luxembourg
 
Experience: Advanced
Platform: NinjaTrader
Broker: IB / Kinetick
Trading: ES, CL
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It should be

Successful people will do what unsuccessful people won't or can't do!
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  #6 (permalink)
 drw112 
Chicago IL
 
Experience: Beginner
Platform: Sierra Chart
Trading: Futures
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JustJoe View Post
Are you saying that AAPL is a good indicator for how the NQ will perform?

When I was trading NQ it was definitely something to keep an eye on but didn't always seem to have a huge effect on the index. Some days it would be a nearly 1-to-1 peg and other days they'd go in opposite directions. If it seemed to be a big correlation day I always made sure to keep an eye on AAPL.

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  #7 (permalink)
 
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 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
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For trading the NASDAQ, i use the ES as a yardstick of performance. Just compare both using Fat Tails' anaIBRangeV37MTF indicator as a basic frame of reference.

Above the 1 minute range, look for long, below look for short. Use the IB extentions to gauge if we have reached an extreme.


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  #8 (permalink)
 
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 treydog999 
seoul, Korea
 
Experience: Intermediate
Platform: Multicharts
Broker: CQG, DTN IQfeed
Trading: YM 6E
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I trade the NQs and i have AAPL on a 5 minute chart and keep track of it at all times. Usually impulsive moves on AAPL appear on NQ. I also like to use TICK.Q and advance/decline ratios, and check how many of the underlying stocks are up or down for the day. I usually get on average 2-3 trades a day on the NQs alone. I like to use the ES as my 'index benchmark' so when both ES and NQ are in an uptrend then if ES impulse moves up NQ is probably going to impulse move up. Same relationship with AAPL. If the ES is heading down it makes the NQ move like its in quicksand to the upside. usually they get back in sync later in the day. Like today TF was out of whack for like 3 hours then into the close rallied hard and basically caught up with the other 3.

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  #9 (permalink)
 
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 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
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I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #10 (permalink)
bjulian
Greenville SC United States
 
Posts: 11 since Jul 2012
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I keep a chart of AAPL next to my NQ chart - Same timeframe.

Also I find it helpful to watch the Diff of the Nasdaq 100 as well as the Composite.

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